What is the global market size of Hand Dryer Market?

Hand Dryer Market size was valued at USD 986.36 million in 2021 and is poised to grow from USD 1115.5 million in 2022 to USD 2928 million by 2030, growing at a CAGR of 12.9% in the forecast period (2023-2030).

Hand Dryer Market Size, Share, Growth Analysis, By Type(Hot h, dryer, jet h, dryer), By Mode of Operation(Push button h, dryer, automatic h, dryer), By End user(Hotels, hospitals & clinics, food processing, service industry), By Region - Industry Forecast 2024-2031

Report ID: SQMIG25E2072 | Region: Global | Published Date: February, 2024
Pages: 242 | Tables: 96 | Figures: 76

Hand Dryer Market News

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.
In December 2021, Denmark-based commercial and public toilet equipment supplier Dan Dryer, in collaboration with VE2, a Danish design agency, launched the LOKI Hand Dryer and the LOKI Disinfection Stand. Such products are designed with clean graphics that complement the surrounding structural features, such as windows, doors, and wall surfaces.

Hand Dryer Market Report Snapshots

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Hand Dryer Market size was valued at USD 986.36 million in 2019 and is poised to grow from USD 1115.5 million in 2023 to USD 2928 million by 2031, growing at a CAGR of 12.9% in the forecast period (2024-2031).

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. 'Dyson Ltd.', 'Excel Dryer, Inc.', 'American Dryer, Inc.', 'Mitsubishi Electric Corporation', 'Bradley Corporation', 'World Dryer Corporation', 'ASI Group', 'Palmer Fixture', 'TOTO Ltd.', 'Saniflow Corporation', 'Jaquar Group', 'Hokwang Industries Co., Ltd.', 'Electrostar GmbH', 'JVD SAS', 'Bobrick Washroom Equipment, Inc.', 'AIKE Hand Dryer', 'SPL Industrial Ltd.', 'Taishan Jieda Electrical and Mechanical Equipment Co., Ltd.', 'Zhejiang Aike Appliances Co., Ltd.', 'Foshan Dihang Electrical Appliances Co., Ltd.'

Electrical equipment companies such as Dan Dryer, TOTO, Dyson, Euronics, and more focus on providing a significant range of healthcare solutions with advanced technology that can be used in end-user industries. These companies are launching hygiene solutions as the demand for eco-friendly techniques. Using hygiene products that maintain hygiene becoming necessary for commercial areas such as hotels, malls, hospitals, schools, colleges, and office complexes, are the key factors that drive the growth of the market.

The adoption of automatic hand dryers across the world is the key factor driving the growth of the market. Increasing demand for eco-friendly devices over towels and tissues for saving paper increases market growth. Technological advancement and hygiene concerns are key factors for boosting the market growth. According to the American Institute of Architects, a government organization, Excel Dryer's HEPA filtration system, which is equipped with its hand dryer, was verified and tested in 2021 to remove 99.9% of viruses from the airstream. According to the Environmental Protection Agency (EPA), the US-based government agency responsible for environmental protection matters, HEPA filters remove at least 99.97% of dust, mold, bacteria, and any airborne particles which is harmful to human health.

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.

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Hand Dryer Market Size, Share, Growth Analysis, By Type(Hot h, dryer, jet h, dryer), By Mode of Operation(Push button h, dryer, automatic h, dryer), By End user(Hotels, hospitals & clinics, food processing, service industry), By Region - Industry Forecast 2024-2031

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