This Automatic Hand Dryer market report Study represents Latest Development Trends and Business Expansion Strategies Attain the Global Valuation of Automatic Hand Dryer market size by analyzing historical data and future prospects.
Automatic Hand Dryer market size (most likely outcome) will be a year-over-year revenue growth rate of XX% in 2021, from US$ 611.7 million in 2020. Over the next five years the Automatic Hand Dryer market will register a 15.7% CAGR in terms of revenue, the global market size will reach US$ 1094.8 million by 2026. Automatic hand dryers are electric machines found in public bathrooms. They may either operate with the push of a button or automatically using a sensor. Hand washing is an important part of hygiene, and so an effective method of drying the hands is necessary.
The high growth rate due to the adoption in various end-use industries including hotels and restaurants, office buildings, educational institutes, shopping & commercial complex and multiplexes, railway station, and airports. The ecological and economic benefits offered by hand dryers are also anticipated to fuel the product adoption.
On the basis of product type, automatic hand dryers are categorized into hot hand dryer and jet hand dryer. Jet hand dryers accounted for 49.32% revenue share in 2017 and are estimated to grow at a CAGR of more than 16.5% over the forecast period. This can be primarily attributed to the increasing installation at airports, hotels and restaurants, office buildings, and shopping complexes. The high cost associated with jet air as compared to hot air variants may hinder the product demand in the near future.
The hotel and restaurant end-use segment accounted for more than 60% of the overall market share in 2017, which is estimated to increase over the forecast period. This can be attributed to the rapid growth in the hospitality industry on account of surge in the number of restaurants, pubs, and hotels paired with the increasing tourism activities worldwide.
The European hand dryers market is anticipated to be a major regional segment owing to the growing adoption of eco-friendly, hassle-free, and cost effective devices. This region accounted for over 34.6% of the overall revenue share in 2017 and is estimated to grow at a CAGR of more than 13.6% over the forecast period. The demand in Asia-Pacific is estimated to show robust growth on account of the developing infrastructure in countries including China, India, and Thailand coupled with the increasing awareness of the benefits of using technologically advanced devices. This region accounted for over 29% of the overall revenue share and is estimated to grow at a CAGR of more than 17% over the forecast period.
This section of the report identifies the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market: Panasonic, Dyson, Siemens, Toto, AIKE, Excel Dryer, Jaquar, World Dryer, American Dryer, DIHOUR, Mitsubishi Electric, Saniflow Hand Dryer, Bobrick, SPL, JVD
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Global Automatic Hand Dryer Market: Drivers and Restrains
The Automatic Hand Dryer market research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed Automatic Hand Dryer market information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and also about each type from 2015 to 2026.
A thorough evaluation of the restrains included in the Automatic Hand Dryer report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Market Segmentation: This proper segmentation would lead players closer to various features and factors that can impact the outcome of the market in the coming years.
Segment by Type
Hot Air Dryer
Jet Air Dryer
Segment by Application
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Regional Outlook: The Automatic Hand Dryer report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, production, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2015 to 2026. These analyses will help the reader to understand the potential worth of investment in a particular region. The report also tracks the latest market dynamics, such as driving factors, restraining factors, and industry news like mergers, acquisitions, and investments. It provides Automatic Hand Dryer market size (value and volume), market share, growth rate by types, applications, and combines both qualitative and quantitative methods to make micro and macro forecasts in different regions or countries.
Global Automatic Hand Dryer market, by region
- North America
- Latin America
- North America
- Western Europe
- Rest of Western Europe
- Eastern Europe
- Western Europe
- South Korea
- Rest of Asia-Pacific
- The Middle East & Africa
- Middle East
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To share detailed information about the key factors influencing the growth of the Automatic Hand Dryer market (growth potential, opportunities, drivers, industry-specific challenges and risks). To project the consumption of Automatic Hand Dryer submarkets, with respect to key regions (along with their respective key countries). To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market strategically profile the key players and comprehensively analyze their growth strategies.
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