Jun 7, 2022   SOURCE: BusinessWire

Worldwide Hand Dryer Industry to 2027 - Players Include Bobrick Washroom Equipment, Dyson, Euronics Industries and Excel Dryer Among Others - ResearchAndMarkets.com

The "Hand Dryer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The global hand dryer market reached a value of US$ 792.1 million in 2021. Looking forward, the market is projected to reach a value of US$ 1,546.8 million by 2027, exhibiting a CAGR of 11.20% during 2022-2027.

Companies Mentioned

  • American Specialties Inc.
  • Bobrick Washroom Equipment Inc.
  • Dyson Limited
  • Euronics Industries Pvt Ltd
  • Excel Dryer Inc.
  • Hokwang Industries Co. Ltd
  • Jaquar Group
  • Mitsubishi Electric Corporation
  • Palmer Fixture Company
  • Panasonic Corporation
  • Saniflow Hand Dryer Corporation
  • and World Dryer Corporation (Zurn Water Solutions Corporation)

Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different End-use sectors. These insights are included in the report as a major market contributor.

Hand dryer refers to an electronic appliance that is deployed in public washrooms as a cost-effective alternative to paper towels for drying hands. It aids in maintaining an optimal level of cleanliness and hygiene by eliminating the risk of cross-contamination and the spread of pathogens. Hand dryers activate through buttons, which, in turn, triggers sensor for detecting movements to enable the motor to emit warm air for drying purposes. At present, it is commercially available in varying types, such as push-button, high-speed, and automatic hand dryers.

The widespread adoption of automatic hand dryers across various industrial verticals, such as healthcare and hospitality, for maintaining hygiene is one of the prime factors driving the hand dryer market growth. In line with this, the sudden outbreak of COVID-19 pandemic is acting as another major growth-inducing factor as automatic hand dryers offer contactless hand-drying experience, which, in turn, aids in inhibiting the spread of the virus significantly.

The environmental consciousness amongst the consumers and the increasing demand for eco-friendly devices over towels and tissues to save paper are also contributing to the market growth. Moreover, the introduction of the blade hand dryers for minimizing bacterial spread in the washroom is contributing to the market growth.

Other factors, such as rapid technological advancements to mandate the prevalent hygiene requirements, several initiatives undertaken by the government bodies of various nations for the installation of hand dryers in the commercial sector to ensure consumer safety and strengthen the infrastructure, strategic collaborations between the top players and manufacturers for the continual launch of more effective product variants at affordable prices, are creating a positive outlook for the market.

Key Questions Answered in This Report

  • How has the global hand dryer market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global hand dryer market?
  • What are the key regional markets?
  • What is the breakup of the market based on the product?
  • What is the breakup of the market based on the operation mode?
  • What is the breakup of the market based on the mounting technique?
  • What is the breakup of the market based on the End-user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global hand dryer market and who are the key players?
  • What is the degree of competition in the industry?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Hand Dryer Market

5.1 Market Overview

5.2 Market Performance

5.3 Impact of COVID-19

5.4 Market Forecast

6 Market Breakup by Product

7 Market Breakup by Operation Mode

8 Market Breakup by Mounting Technique

9 Market Breakup by End User

10 Market Breakup by Region

11 SWOT Analysis

12 Value Chain Analysis

13 Porters Five Forces Analysis

14 Price Analysis

15 Competitive Landscape

15.1 Market Structure

15.2 Key Players

15.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/2eer75