How Has the Hand Dryers Market Size Evolved in Recent Years?
The hand dryers market has seen considerable growth due to a variety of factors.
• The market size for hand dryers has seen significant expansion in the recent past. The rise is projected to increase from $2.16 billion in 2024 to $2.39 billion in 2025, with a compound annual growth rate (CAGR) of 10.8%.
The surge during the historical interval can be linked to increased awareness of hygiene and sanitation, environmental issues, cost efficiency, and governmental policy enforcement.
What Are The Predictions for The Hand Dryers Market in the Coming Years?
The hand dryers market is expected to maintain its strong growth trajectory in upcoming years.
• A significant spike in growth is anticipated in the hand dryers market over the coming years, with a valuation expected to reach $3.46 billion in 2029, exhibiting a compound annual growth rate (CAGR) of 9.6%.
The projected growth in this period is tied to factors such as response to the pandemic, enhanced energy efficiency, incorporation of touchless technology, introduction of smart features, and adherence to green building standards. Foreseeable trends during this period encompass high-speed hand dryers, hygienic hepa filters, personalized design and branding, antimicrobial finishes, and silent operation.
Which Drivers Are Accelerating Growth In The Hand Dryers Market?
The hand dryers market witnessed substantial growth due to the robust expansion of the hospitality industry during the historical period. The burgeoning growth of this sector, marked by the increase in hotels and restaurants, fueled the hand dryers market. These advancements were driven by the necessity to fulfil sanitation standards in the food service and hospitality industries. As per the UK's Office for National Statistics, an independent official statistics producer, the industry that offers accommodation and food services saw an 8.6% growth in February 2022. This was primarily due to the lodging sector's expansion, which surged by 23% from December 2021 through December 2022. The considerable economic development of the hospitality industry magnified the demand for hand dryers, thereby propelling the market growth during the historical period.
What Are The Core Segments Of The Global Hand Dryers Market?
The hand dryers market covered in this report is segmented –
1) By Product: Jet Air, Hot Air
2) By Operation: Manual On-Automatic Off, Fully Automatic
3) By End-user: Airports, Hotel And Restaurants, Hospitals, Offices, Shopping Malls, Other End-Users
Subsegments:
1) By Jet Air: High-Speed Hand Dryers, Touchless Jet Air Dryers
2) By Hot Air: Automatic Hot Air Dryers, Manual Hot Air Dryers
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How Are New Trends Impacting The Size Of The Hand Dryers Market?
Firms are introducing new offerings in order to boost their profits and establish a competitive advantage over rivals. For example, in February 2022, Initial PLC., a UK-based premier provider of washroom hygiene, unveiled the newest advancements to its hand dryer series, namely Luna Dry and Luna Mini Dry, featuring three high gloss UV anti-scratch finishes. ION Pure Technology was utilized in the design of Luna Dry and Luna Mini Dry. The manufacturing approach embeds antimicrobial metal ions from the soluble glass solution into the exterior casing to create a surface that is immune to bacteria and germs.
Who Are the Key Players In The Hand Dryers Market?
Major companies operating in the hand dryers market include:
• American Dryer LLC
• Dyson Ltd.
• Electrostar
• Excel Dryer Inc.
• Panasonic Corporation
• Mitsubishi Electric Corporation
• SPL Ltd.
• Bobrick Washroom Equipment Inc.
• Saniflow Corporation
• Taishan Jieda Electrical Co Ltd.
• World Dryer Corporation
• Hokwang Industries Co Ltd.
• Palmer Fixture Company
• Euronics Industries Pvt Ltd.
• Jaguar Group
• Bio JetDrier
• Bradley Corporation
• Toto Ltd.
• JVD SAS
• SAVORTEX Limited
• Askon Hygiene Products Private Limited
• Toshi Automatic Systems Pvt Ltd.
• Penson & Co
• Warner Howard Limited
• The Hygiene Company
• Veltia UK Ltd
• ZheJiang MoDun Sanitary Ware Co Ltd.
• Siemens AG
• Dolphy India Pvt Ltd.
• Novatech Automatic Systems
What Are The Regional Insights Into The Hand Dryers Market?
Asia-Pacific was the largest region in the hand dryers market in 2023. Western Europe was the second-largest region in the hand dryers market. The regions covered in the hand dryers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
