May 25, 2021   SOURCE: BusinessWire

Worldwide Commercial Hand Dryer Industry to 2026 - Focus on Reducing Energy Consumption Presents Opportunities - ResearchAndMarkets.com

The "Commercial Hand Dryer Market - Global Outlook and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.

The global commercial hand dryer market by revenue is expected to grow at a CAGR of approx. 8% during the period 2020-2026.

The global market for commercial hand dryers is undergoing several transformations. The adoption of innovative commercial hand dryer products has increased among end-users worldwide, fueled by the rising emphasis on sustainable and smart infrastructure development such as infrastructure 4.0, along with IoT. Intensifying competition among key players has led to the introduction of innovative and advanced solutions in the market.

Since the outbreak of the coronavirus pandemic across the world, there has been an increase in handwashing at homes, workplaces, and public spaces. This is because regular handwashing is one of the best weapons against the virus, which causes a flu-like respiratory illness that can prove to be fatal and spread rapidly among people across countries. Although there are hygiene norms at homes, it is critical in the public environment to promote proper hand drying solutions in toilets and washrooms to reduce the potential transmission of bacteria and viruses.

The following factors are likely to contribute to the growth of the commercial hand dryer market during the forecast period:

  • Focus on Reducing Energy Consumption
  • Enhanced Focus on Hand Hygiene
  • Emphasis on Infrastructure Development
  • A shift toward Eco-friendly Technology

The study considers the present scenario of the commercial hand dryer market and its market dynamics for the period 2020-2026. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.

Key Questions Answered:

1. How big is the commercial hand dryer market?

2. What is the growth rate of the market?

3. Who are the key players in the commercial hand dryers market?

4. Who are the major end-users of commercial hand dryers?

5. Which region is likely to generate the highest revenue during the forecast period?

Market Dynamics

Opportunities & Trends

  • Focus On Reducing Energy Consumption
  • Enhanced Focus On Hygiene Maintenance
  • Partnerships With Hospitality Sector
  • Emphasis On Infrastructure Development

Growth Enablers

  • Shift Towards Eco-Friendly Technology
  • Growth In Product Innovation
  • Rising Installations Of Hand Dryers
  • Increased Investment In IoT Technology

Restraints

  • Concerns Over Noise Levels
  • Rising Health Concerns
  • Frequent Launches Reducing Product Stability

Excel Dryer, Mitsubishi Electric, Mediclinics, TOTO, and Rexnord are the prominent vendors in the commercial hand dryer market. The market has witnessed the entry of several vendors due to the high demand and the increased scope for innovations. These players compete on various factors such as price, operational efficiency, quality, eco-friendliness, and variety. However, pricing and operational efficiency are set to become a major criterion for competition among players to gain an edge over other vendors in the market. Further, the growth of vendors depends on GDP growth and urban development. Therefore, to attain sustainability, expansion into other geographies and revival of domestic demand are essential factors for market vendors. Vendors can enhance their revenue and profitability by practicing sound production techniques that minimize product costs and mitigate associated risks. As the market demand is mainly met via dealers and distributor networks, vendors can consider developing strategic channels with prominent commercial infrastructure construction players to gain a stronghold on existing demand in the respective markets.

Prominent Vendors

  • Excel Dryer
  • Mitsubishi Electric
  • Mediclinics
  • TOTO
  • Rexnord (World Dryer)

Other Prominent Vendors

  • Aike
  • ASI Group
  • Askon Hygiene Products
  • Bobrick
  • Bardley Corporation
  • Comac Corporation
  • DIHOUR
  • Dyson
  • Electrostar
  • Hokwang Industries
  • JVD
  • Jaguar Group
  • Jie Da Electrical
  • Metlam Australia
  • Palmer Fixture
  • SPL
  • Stiebel Eltron
  • Lovair
  • Toshi Automatic Systems (TASPL)
  • Sloan Valve Company

For more information about this report visit https://www.researchandmarkets.com/r/ln9m8u