A recent report published by Infinium Global Research on hand dryer market provides an in-depth analysis of segments and sub-segments in the global as well as regional hand dryer market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional hand dryer market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global hand dryer market. According to the report, the global hand dryer market is projected to grow at a healthy CAGR over the forecast period of 2019-2025.
According to a recent survey by the trending machine found that three out of four adults had at least one complaint about public restrooms. Facility managers are facing the challenge of providing sanitary, hygiene-friendly washrooms for their patrons. The challenge for building a more desirable public restroom has led hand dryer producers to develop technologies and efficiency, creating faster, more hygiene-friendly products that are replacing the traditional paper hand towels. In the past few years, manufacturers have come up with improvements including touch-free faucets and high-efficiency electric hand dryers using sensors to turn on and turn off.
Increasing adoption of a hand dryer in several end use industries comprising airports, hotel and restaurants, hospitals, offices, and shopping malls is the major driving factor of the hand dryer market. The demand for the hand dryers is rising due to its properties such as energy-efficient, cost-effective and prevents vandalism and environment-friendly. Furthermore, factors such as rising health awareness among the population, availability of hand dryer at reasonable costs, growing demand for improved hygiene are other driving factors of the hand dryer market. Auto hand dryers are installed in public restrooms of offices or even at home with increasing awareness about health hygiene. However, carbon dioxide emissions to the atmosphere by hand dryer products restraining the growth of the market. Moreover, new technological developments in the hand dryer product are expected to provide growth opportunities to the market players.
Geographically, Europe dominates the global hand dryer market owing to high demand from the countries such as France, the U.K., Italy, and Germany among the others. North America is the second-largest market for hand dryers due to the high standard of living and increased consumer disposable income. In the Asia-Pacific region, China is a prominent market for hand dryer in the Asia-Pacific, followed by Japan and India.
The report on global hand dryer market covers segments such as type, mode of operation, and end user. On the basis of type, the sub-markets include hot hand dryer, and jet hand dryer. On the basis of mode of operation, the sub-markets include push button, and automatic. On the basis of end user, the sub-markets include airports, hotel & restaurants, hospitals, offices, shopping malls, and other end users.
The report provides profiles of the companies in the market such as World Dryer, Excel Dryer Inc., Dyson Ltd., American Dryer, Mitsubishi Electric Corporation, Palmer Fixture, Bradley Corporation, Electrostar GmbH, SPL Ltd., Tashan Jie Da Electrical Co. Ltd., and other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of hand dryer market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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