Hand Dryer Market - Global Industry Analysis

Hand Dryer Market

Hand Dryer Market by Type (Hot hand dryers and Jet hand dryers) By Application (Hotel, Hospitals & Clinics, Food processing & Service Industry, Commercial Complexes, and others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Published Date: 16-Jul-2021 Category: Consumer Goods Report Format : PDF Pages: 167 Report Code: ZMR-2001 Status : Published

The global Hand Dryer market accounted for USD 768.9 billion in 2020 and is expected to reach USD 1,883.2 billion by 2028, growing at a CAGR of around 12.1% between 2021 and 2028.

Description

Market Overview

The global Hand Dryer market accounted for USD 768.9 billion in 2020 and is expected to reach USD 1,883.2 billion by 2028, growing at a CAGR of around 12.1% between 2021 and 2028.         

A hand dryer is an electric machine which is as heating element and an air blower to dry the hands after handwashing. The machine is used in public toilets as a cost-effective alternative to paper towels.

The raw materials for the hand dryer include body material, control circuitry, wires, hand dryer heater, hand proximity sensor, and indicators & switches. The machine is usually used in hotels, malls, offices, hospitals, and clinics.

The giant players in the market are increasingly emphasizing on providing technology solutions that increase efficiency, reduce energy consumption, and are low on maintenance cost. The players in the industry are investing heavily in R&D to develop innovative products in an attempt to obtain a competitive edge.

COVID-19 Impact Analysis:

The COVID-19 pandemic has placed the consumer electronics and home appliances industry under immense financial strain. The raw material supply is one of the major parts in the value chain of the hand dryer market, where key players and vendors are facing the problems due to poor logistics, and restrictions on public movement in affected countries across globe, which can lead to supply disruptions. Trade restrictions imposed by several economies to curb the outbreak of COVID-19 has significantly affected the logistics and transportation, which, in turn, is likely to have a negative impact on the hand dryer market.

The significant decrease in the hand dryer market size in 2020 is estimated on the basis of the COVID-19 outbreak and its impact on the economies and industries. Various scenarios have been analyzed on the basis of inputs from various secondary sources and the current data available about the situation. These scenarios were discussed with the consumer industry experts. However, this pandemic spread is anticipated to affect for a short term.

Growth Factors

Increasing awareness about operational price is powering the growth for hand dryer market. Swiftly growing hospitality sector with an elevation in the number of pubs and restaurants & hotels indirectly is powering the development for hand dryer market. The increasing adoption of hand dryers is likely to foster the development of the global market. The need to meet cleanliness standards for hospitality industry and food service sector is also one of the reasons that bolstering the development of hand dryer market. In addition to this, rising investment and R&D performed by market players is also set to thrive in the global market. For example, in July 2018, Dryflow Vapordri, one of the quickest developing hand dryers in the world patented water evaporation system thereby, powering the development of hand dryer market.

 Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Type Segment Analysis Preview

Global hand dryer market is divided into the two basic kinds of product such as jet hand dryers and hot hand dryers segments. Hot hand dryer market is ruling in terms of volume with over 60% share of the global market owing to its Hygienic nature and low-price benefits. Increasing number of restaurants, food outlets, and Food Park in food processing industry are powering the development of hand dryer market.

Application Segment Analysis Preview

The food processing sector is likely to develop considerably in the global market during the forecast period. Clinics & hospitals sector is one of the quickest growing segments in the hand dryer market, developing at 10.1% CAGR in the years to come.

Regional Preview

Based on region, Europe stood as the biggest area for the hand dryer market and is likely to develop considerably owing to prominent requirement from France, the U.K., Italy, and Germany among others. North America is a second-biggest area in terms of volume for hand dryer market. Asia Pacific is likely to show healthy development owing to health awareness and developing infrastructure development in nations such China and India.

Key Market Players & Competitive Landscape

The major players operating Hand Dryer market are American Dryer, Inc., Bradley Corporation, Dyson Ltd., Electrostar Gmbh, Excel Dryer, Inc., Mitsubishi Electric Corporation and World Dryer Corporation..

The global Hand Dryer market is segmented as follows:

By Type

  • Hot hand dryers
  • Jet hand dryers

By Applications   

  • Hotel
  • Hospitals & Clinics
  • Food processing & Service Industry
  • Commercial Complexes
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

Free Analysis

Hand dryers are an electrical device generally appears in public washrooms for the purpose of drying hands hygienically. Hand dryers either operate automatically by using sensors or manually by using a push button. Almost five decades has pass out, the first revolution in the toilet facilities took place throughout the world with the appearance of the first hot air hand dryers. A new system for hand drying slowly became most popular and familiar due to its advantages, nowadays hardly you see toilet without hand dryers. Hand dryers play an important role in washroom hygiene. The dryers market has been evolving step by step, the hot air hand dryer concept evolved and a new concept was born with high speed, energy efficient hand dryer.

Growing awareness about hand dryers and hygienic over conventional paper towels is fueling the demand of hand dryers. In addition, interest of corporate people to cutting down the operational cost has led to installation of hand dryers in washrooms and toilets which proves to be economical in comparison to paper towels. Hand dryers are emerging as eco-friendly appliances over paper towels because; Paper towels are produced by cutting down trees, which is having a harmful effect on the environment. Hand dryers help in saving power as well as paper, reducing solid waste generated by used paper towels. Such multi benefit of hand dryers is fueling the demand of hand dryers market. However, high noise level of hand dryers is a major concern especially in areas such as offices and educational institutes. High noise factor is negatively impacting the installation of hand dryers

On the basis of type of product, the hand dryers market segmented into the hot hand dryers and jet hand dryers. In terms of volume, Hot hand dryers accounted for maximum market share in 2016 and expected to show significant growth during the forecast period. Food processing and service industry was valued maximum market revenue and Hospitals and clinic segment is expected to the witness fastest growth within the forecast period. In terms of volume Europe region was accounted more than 35% market share in 2015 and expected to witness significant market share during the forecast period. North America is second largest region for hand dryers after Europe.   

 Some of the key players include in hand dryer market such as American Dryer, Inc., Bradley Corporation, Dyson Ltd., Electrostar Gmbh, Excel Dryer, Inc., Mitsubishi Electric Corporation and World Dryer Corporation.

This report segments the global hand dryer market as follows:

Global Hand Dryer Market: Type Segment Analysis

  • Hot hand dryers
  • Jet hand dryers

Global Hand Dryer Market: Application Segment Analysis

  • Hotel
  • Hospitals & Clinics
  • Food processing & Service Industry
  • Commercial Complexes
  • Office Buildings
  • Others

Global Hand Dryer Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

FrequentlyAsked Questions

The global Hand Dryer Market was valued at USD 768.9 Billion in 2020.

The global Hand Dryer Market is expected to reach USD 1,883.2 Billion by 2028, growing at a CAGR of 12.1% between 2021 to 2028.

Some of the key factors driving the global Hand Dryer Market growth are Increasing awareness about operational price and increasing adoption of hand dryers.

Europe stood as biggest area for the hand dryer market and is likely to develop considerably owing to prominent requirement from France, the U.K., Italy, and Germany among others. North America is a second biggest area in terms of volume for hand dryer market.

Some of the major players of global Hand Dryer market American Dryer, Inc., Bradley Corporation, Dyson Ltd., Electrostar Gmbh, Excel Dryer, Inc., Mitsubishi Electric Corporation and World Dryer Corporation.

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