Global Hand Dryer Market 2024-2028
The hand dryer market is forecasted to grow by USD 802.59 mn during 2023-2028, accelerating at a CAGR of 10.7% during the forecast period. The report on the hand dryer market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by innovation in product design, technology, and features, increasing concerns over wastepaper management, and the growth of the hospitality industry.
Technavio's hand dryer market is segmented as below:
By Type
- Automatic hand dryer
- Push-button hand dryer
By Product
- Hot air hand dryer
- Jet air hand dryer
By End-user
- Hotels and restaurants
- Shopping malls and complex
- Hospitals and others
By Geographical Landscape
- Europe
- North America
- APAC
- South America
- Middle East and Africa
This study identifies the emergence of smart hand dryers as one of the prime reasons driving the hand dryer market growth during the next few years. Also, the high demand for customized hand dryers and the rising demand for hand dryers from developing regions will lead to sizable demand in the market.
The report on the hand dryer market covers the following areas:
- Hand dryer market sizing
- Hand dryer market forecast
- Hand dryer market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading hand dryer market vendors include Askon Hygiene Products Pvt. Ltd., Bradley Corp., Carrier Global Corp., Comac Corp., Dyson Group Co., Electrostar GmbH, Euronics Industries Pvt. Ltd., Excel Dryer Inc., Hokwang Industries Co. Ltd., Jaquar India, JVD SAS, Kohler Co., Mitsubishi Electric Corp., Palmer Fixture, Panasonic Holdings Corp., SPL Ltd., STIEBEL ELTRON GmbH and Co. KG, TaiShan Jie Da Electrical Co. LTD., Toto Ltd., and W.M. BARR Co. Inc. Also, the hand dryer market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape and an analysis of the key vendors.
The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.