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DUBLIN , June 7, 2022 /PRNewswire/ -- The "Hand Dryer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global hand dryer market reached a value of US$ 792.1 million in 2021. Looking forward, the market is projected to reach a value of US$ 1,546.8 million by 2027, exhibiting a CAGR of 11.20% during 2022-2027. Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different End-use sectors. These insights are included in the report as a major market contributor.
Hand dryer refers to an electronic appliance that is deployed in public washrooms as a cost-effective alternative to paper towels for drying hands. It aids in maintaining an optimal level of cleanliness and hygiene by eliminating the risk of cross-contamination and the spread of pathogens. Hand dryers activate through buttons, which, in turn, triggers sensor for detecting movements to enable the motor to emit warm air for drying purposes. At present, it is commercially available in varying types, such as push-button, high-speed, and automatic hand dryers. The widespread adoption of automatic hand dryers across various industrial verticals, such as healthcare and hospitality, for maintaining hygiene is one of the prime factors driving the hand dryer market growth. In line with this, the sudden outbreak of COVID-19 pandemic is acting as another major growth-inducing factor as automatic hand dryers offer contactless hand-drying experience, which, in turn, aids in inhibiting the spread of the virus significantly.
The environmental consciousness amongst the consumers and the increasing demand for eco-friendly devices over towels and tissues to save paper are also contributing to the market growth. Moreover, the introduction of the blade hand dryers for minimizing bacterial spread in the washroom is contributing to the market growth.
Other factors, such as rapid technological advancements to mandate the prevalent hygiene requirements, several initiatives undertaken by the government bodies of various nations for the installation of hand dryers in the commercial sector to ensure consumer safety and strengthen the infrastructure, strategic collaborations between the top players and manufacturers for the continual launch of more effective product variants at affordable prices, are creating a positive outlook for the market.
The competitive landscape of the industry has also been examined along with the profiles of the key players being American Specialties Inc., Bobrick Washroom Equipment Inc., Dyson Limited, Euronics Industries Pvt Ltd, Excel Dryer Inc., Hokwang Industries Co. Ltd, Jaquar Group, Mitsubishi Electric Corporation, Palmer Fixture Company, Panasonic Corporation, Saniflow Hand Dryer Corporation, and World Dryer Corporation (Zurn Water Solutions Corporation). Key Questions Answered in This Report
Key Topics Covered: 1 Preface 2 Scope and Methodology 3 Executive Summary 4 Introduction 4.1 Overview 4.2 Key Industry Trends 5 Global Hand Dryer Market 5.1 Market Overview 5.2 Market Performance 5.3 Impact of COVID-19 5.4 Market Forecast 6 Market Breakup by Product 6.1 Hot Air 6.1.1 Market Trends 6.1.2 Market Forecast 6.2 Jet Air 6.2.1 Market Trends 6.2.2 Market Forecast 7 Market Breakup by Operation Mode 7.1 Push Button Hand Dryer 7.1.1 Market Trends 7.1.2 Market Forecast 7.2 Automatic Hand Dryer 7.2.1 Market Trends 7.2.2 Market Forecast 8 Market Breakup by Mounting Technique 8.1 Surface Mounted 8.1.1 Market Trends 8.1.2 Market Forecast 8.2 Wall Mounted 8.2.1 Market Trends 8.2.2 Market Forecast 9 Market Breakup by End User 9.1 Hotel 9.1.1 Market Trends 9.1.2 Market Forecast 9.2 Hospitals and Clinics 9.2.1 Market Trends 9.2.2 Market Forecast 9.3 Food Processing and Service Industry 9.3.1 Market Trends 9.3.2 Market Forecast 9.4 Commercial Complexes 9.4.1 Market Trends 9.4.2 Market Forecast 9.5 Office Buildings 9.5.1 Market Trends 9.5.2 Market Forecast 9.6 Others 9.6.1 Market Trends 9.6.2 Market Forecast 10 Market Breakup by Region 11 SWOT Analysis 12 Value Chain Analysis 13 Porters Five Forces Analysis 14 Price Analysis 15 Competitive Landscape 15.1 Market Structure 15.2 Key Players 15.3 Profiles of Key Players 15.3.1 American Specialties Inc. 15.3.1.1 Company Overview 15.3.1.2 Product Portfolio 15.3.2 Bobrick Washroom Equipment Inc. 15.3.2.1 Company Overview 15.3.2.2 Product Portfolio 15.3.3 Dyson Limited 15.3.3.1 Company Overview 15.3.3.2 Product Portfolio 15.3.4 Euronics Industries Pvt Ltd 15.3.4.1 Company Overview 15.3.4.2 Product Portfolio 15.3.5 Excel Dryer Inc. 15.3.5.1 Company Overview 15.3.5.2 Product Portfolio 15.3.6 Hokwang Industries Co. Ltd 15.3.6.1 Company Overview 15.3.6.2 Product Portfolio 15.3.7 Jaquar Group 15.3.7.1 Company Overview 15.3.7.2 Product Portfolio 15.3.8 Mitsubishi Electric Corporation 15.3.8.1 Company Overview 15.3.8.2 Product Portfolio 15.3.8.3 Financials 15.3.8.4 SWOT Analysis 15.3.9 Palmer Fixture Company 15.3.9.1 Company Overview 15.3.9.2 Product Portfolio 15.3.10 Panasonic Corporation 15.3.10.1 Company Overview 15.3.10.2 Product Portfolio 15.3.10.3 Financials 15.3.10.4 SWOT Analysis 15.3.11 Saniflow Hand Dryer Corporation 15.3.11.1 Company Overview 15.3.11.2 Product Portfolio 15.3.12 World Dryer Corporation (Zurn Water Solutions Corporation) 15.3.12.1 Company Overview 15.3.12.2 Product Portfolio For more information about this report visit https://www.researchandmarkets.com/r/3zr53c
Research and Markets Laura Wood , Senior Manager [email protected]
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