A recent report published
by Infinium Global Research on soap dispenser market provides in-depth analysis
of segments and sub-segments in the global as well as regional soap dispenser
market. The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional soap dispenser market over the short term
as well as long term. The report is a comprehensive presentation of trends,
forecasts, and dollar values of the global soap dispenser market. According to the
report, the global soap dispenser market is projected to grow at a CAGR of 7.1%
over the forecast period of 2020-2026.
A soap dispenser is a
device that jets out liquid soap to wash hands. Soap dispensers are often found
in public restrooms, restaurants, hotels, schools, or healthcare facilities.
They help in preventing the spread of germs and bacteria, thus reducing
illnesses and sick days. Soap dispensers can be operated manually with the help
of a handle or can be automatic. Manual soap dispensers require less
maintenance than automatic dispensers, as they don't require battery changes.
While Automatic dispensers reduce cross-contamination between users and stop
the spread of bacteria, germs, and illnesses, as they are touchless. Soap
dispensers are available in different types depending on the location of
installing and type of reservoir including bag-in-box, cartridge, refillable,
counter mount, and wall mount.
The spread of COVID-19 is
anticipated to have a significant effect on the soap dispenser market. The
on-going threat emerging from the spread of coronavirus is largely contributing
to the growth of the global soap dispenser market over a shorter period.
Consumers are largely considering upgrading their residential premises with
technologically advanced solutions in the wake of this pandemic situation, to
ensure optimum hygiene. The manufacturers of soap dispensers globally are
experiencing a rapid boost in the demand. A good hygienic facility is essential
to prevent and protect human health during outbreaks of infectious disease,
including coronavirus disease 2019 (COVID-19) that has resulted in a growing
demand for soap dispensers around the world.
The rise in concerns
regarding hygiene amongst the consumers due to infectious diseases is majorly
driving the soap dispenser market. Washing hands with soap and water is one of
the most effective ways to prevent the spread of infectious diseases. Moreover,
the improving lifestyle of the consumers is giving rise to the construction of
more luxurious bathrooms. Soap dispensers add a finishing touch to the decor
and serve as a convenient tool for hand-washing. However, the growing number of
counterfeit products is anticipated to hamper the market growth. The production
and sale of counterfeit soap dispensers became significant problems and it is
hampering the sale of numerous manufacturers. On the other hand, the advent of
sensor-based soap dispensers is providing growth opportunities for market
players. The sensor-based soap dispensers are supposed as the exclusive best
solution for prevention and reduction in the spread of the fatal virus, boosting
their demand in the forecasted period.
In terms of geography,
North America holds the largest market share in the global soap dispenser
market. The higher awareness among the population regarding hygiene is majorly
driving the growth of the market in the North American region. Moreover, the
growing commercial sector including hotels, restaurants, and malls in the US
and Canada is driving the sale of soap dispensers in the region. On the other
hand, the soap dispenser market in the Asia Pacific is expected to grow with
the fastest CAGR over the forecast period. The Asia Pacific soap dispenser
market is primarily driven by the increase in non-residential, and commercial
building & construction. Moreover, the improving living standards of people
in the Asia Pacific is anticipated to boost the use of soap dispensers among
the population in the region.
The report on global soap
dispenser market covers segments such as type, and application. On the basis of
type, the sub-markets include automatic, and manual. On the basis of
application, the sub-markets include residential, and commercial.
The report provides
profiles of the companies in the market such as American Specialties, Inc.,
TOTA Ltd., Kohler Co., Bradley Corporation, GOJO Industries, Inc.,
Georgia-Pacific LLC, Hokwang Industries Co., Ltd., Bobrick Washroom Equipment,
Inc., Duravit AG, and CERA Sanitaryware Limited.
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 soap dispenser market. Moreover, the study highlights
current market trends and provides forecast from 2020-2026. 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.