The hand dryers market consists of sales of hand dryers and related services. Hand dryers are cost-effective, energy-efficient and eco-friendly devices that are extensively adopted in restaurants, hotels, offices, and malls as a replacement to towel. Hand dryers are electronic machines used for drying hands in public bathrooms that works either by pressing a button or automatically using a sensor. These are highly responsive and are equipped with fast reacting sensors with maximum energy efficiency for instant reaction.
Global Hand Dryers Market Size And Drivers:
The global hand dryers market is expected grow from $0.75 billion in 2020 to $0.88 billion in 2021 at a compound annual growth rate (CAGR) of 17.3%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1.36 billion in 2025 at a CAGR of 11%. Strong growth in hospitality industry drove the market for hand dryers in the historic period.
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Trends In The Global Hand Dryers Market
Companies are launching new products in order to increase their revenue and also for gaining a competitive edge over their competitors. For instance, in November 2019, Dyson Ltd, a UK-based company specialized in manufacturing hand dryers, launched their new product Dyson Airblade 9kJ hand dryer in India. This product needs no touch to start its operation and comes with an added feature of HEPA filters that can purify 99.95% of particles from bathroom air. The product costs $1,349 (INR 97,000) in the US and $1248 (INR 95000) in India.
Global Hand Dryers Market Segments:
The global hand dryers market is further segmented –
By Product: Jet Air, Hot Air
By Operation: Manual On-Automatic Off, Fully Automatic
By End-User: Airports, Hotel & Restaurants, Hospitals, Offices, Shopping Malls, Others
By Geography: The global hand dryers market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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Hand Dryers Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides hand dryers market overviews, analyzes and forecasts market size and growth for the global hand dryers market, hand dryers market share, hand dryers market players, hand dryers market segments and geographies, hand dryers market’s leading competitors’ revenues, profiles and market shares. The hand dryers market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
