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 Insights

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).

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.

US Hand Dryer Market is poised to grow at a sustainable CAGR for the next forcast year.

Hand Dryer Market Report Snapshots

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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. '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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