USD 780.2 million
Report ID: SQSG25E2024 | Region: Global | Published Date: December, 2022 | Pages: 157
Global Hand Dryer Market was valued at USD 780.2 million in 2021 and it is expected to reach at USD 2850.2 million by 2028, at a CAGR of 12.5% over the forecast period (2022-2028).
Hand dryers help to maintain cleanliness and hygiene by eliminating the risk of cross-contamination and the spread of pathogens. The unit cost of hand dryers is higher than that of paper towels, and the lifespan of hand dryers is much longer than that of paper towels. High-speed hand dryers have become very popular these days. They are either manually operated by pressing a button or automatically operated by sensors.
Growing demand for eco-friendly devices promotes paper and energy conservation, which is expected to drive industry growth over the forecast period. The growing popularity of hand dryers can be attributed to an increase in hygiene awareness in the restroom. In the next few years, the industry is expected to be driven by the desire to reduce operational costs, especially in office buildings and retail malls.
Global Market Size
USD 780.2 million
Hot Hand Dryer
Hot Hand Dryer
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Global hand dryer market is segmented based on type, mode of operation, end user, and region. By type, the market is segmented into hot and jet hand dryers. By mode of operation, the market push button hand dryer and automatic hand dryer. By end use, the market is segmented into hotels, Hospitals & clinics, the food processing and service industry, commercial complexes, office buildings, and others. By region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and MEA.
Analysis by Type
On the basis of type, the market is divided into hot hand dryers and jet hand dryers. Jet hand dryers have the maximum revenue share in 2020 and are dominated the market during the forecast period.
Jet hand dryers are eco-friendly, cost-efficient, easy to handle, and reduce energy consumption are some key factors that drive the growth of the market. Jet hand dryers take less time than hot hand dryers to give an efficient result.
Analysis by End-user
On the basis of end users, market is divided into hotels, hospitals & clinics, the food processing industry, office buildings, and commercial complexes. In 2018, the hotel and restaurant sector contributed 26.9% to the total revenue, which is projected to grow over the forecast period. An increase in a number of restaurants, pubs, and hotels as well as increasing tourism worldwide are some common reasons for the growth of the hotels and restaurants segment. In form of revenue generation, hospital segment is estimated fastest growth in the upcoming year, due to rising concern toward people and the cost-effectiveness of hand dryers. Low maintenance costs and energy conservation are key factors for the growth of the market.
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On the basis of region North America, Europe, Asia Pacific, Middle East and Africa, and South America. Major countries including the US, Canada, Germany, France, the UK, Italy, Spain, China, India, Japan, Brazil, GCC countries, and South Africa were analyzed keeping in mind various micro and macro trends.
Asia Pacific held the largest hand dryer market share and is expected to have the fastest revenue generation during the forecast period. China is the leading market for hand dryers in the Asia Pacific followed by Japan and India. China is boosting the demand for hand dryers because of the increasing no. of hotels, educational institutes, and hospitals in the country. Jet air hand dryers manufactured by Mitsubishi Electric Corporation are fast becoming popular in Japan.
North America is expected to have substantial growth during the forecast period. The increasing no. of hotels, offices, restaurants, airports, railway stations, hospitals, malls, and educational institutions are key factors for boosting the growth of the hand dryer market in North America.
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Ongoing efforts to provide hygiene solutions with advanced technologies to end-user
Spread of bacterial infections due to the use of dryers and high noise levels
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With rapid technological advancements and hygiene requirements, government agencies of various nations have undertaken several initiatives to install hand dryers in commercial areas to ensure consumer safety and strengthen infrastructure and strategic collaboration between top players and manufacturers. The launch of more effective product variants at cost-effective prices is creating a positive impact on the market.
Manufacturers are providing technology solutions that increase efficiency, reduce energy consumption and reduce maintenance costs. Prominent players in the industry are investing heavily in R&D to develop innovative products to gain a competitive edge.
Top Player’s Company Profiles
Automation in Hand Dryer Industry to Boost Market Growth
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by robust Secondary Desk research.
According to the global hand dryer market analysis, Asia Pacific is the largest hand dryer market and is expected to fastest revenue generation during the forecast period. The increasing no. of hotels, offices, restaurants, airports, railway stations, hospitals, malls, and educational institutions are key factors for boosting the growth of the hand dryer market. In 2018, the hotel and restaurant sector contributed 26.9% to the total revenue, which is projected to grow over the forecast period. Manufacturers are providing technology solutions that increase efficiency, reduce energy consumption, and reduce maintenance costs are key trends that boost market growth.
In April 2022, Euronics, a Netherlands-based retail company, launched the NERO series of premium bathroom accessories, which included hand dryers, soap dispensers, and sensor taps. The company's hand dryers are suitable for hotels, offices, airports, shopping malls, stores, and other public places as they save 80% more than traditional hand dryers. Additionally, it reduces the carbon footprint of paper dispensers by 70% and saves up to USD 517.32 (INR 40,000) per year compared to paper dispensers.
|Market size value in||USD 780.2 million|
|Market size value in 2028||USD 2850.2 million|
|Forecast Unit (Value)||USD Million|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Hand Dryer Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Hand Dryer Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Hand Dryer Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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