The growing usage of these devices in a variety of end-use industries, including as shopping malls, workplaces, hospitals, restaurants and hotels, and airports is likely to drive the global hand dryer market forward. Hand dryers are expected to gain popularity due to their economic and environmental benefits. The need for cleaner bathrooms is increasing all around the world. Additionally, the lower operating cost in comparison to the usual paper towels is driving up demand for hand dryers throughout the world. Jet air dryers are considered more convenient and efficient of all hand dryers, thus their popularity is growing throughout the world.
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Tashan Jie Da Electrical Co., Ltd, Dyson Ltd., Mitsubishi Electric Corporation, Tashan Jie Da Electrical Co., Ltd., Excel Dryer Inc., and Bradley Corporation are some of the companies in the global hand dryer market.
The global hand dryer market is anticipated to grow at a 7.1% CAGR over the forecast period, from 2019 to 2027. The market is expected to reach US$ 902.8 Mn through 2027.
Increasing Demand for Smart Infrastructure in Asia Pacific to Boost the Regional Market
In terms of region, the global hand dryer market is classified into the principal regions of Latin America, Middle East and Africa, Asia Pacific, Europe, and North America. It is anticipated that regional classifications would provide a better knowledge of the market dynamics at play at the regional level.
Due to developing infrastructures in countries like Thailand, India, and China, as well as increased awareness about the benefits of technologically advanced products, demand for hand dryers in Asia Pacific is expected to grow rapidly. Additionally, the region’s growing desire for smart infrastructure is likely to drive the usage of hand dryers.
Because of growing environmental concerns, the hand dryer market in North America is anticipated to rise significantly over the forecast period, from 2019 to 2027. This is due to snowballing usage in hotels, educational institutes, malls, hospitals, workplaces, railway stations, airports, and restaurants. In the Middle East and Latin America, a burgeoning tourism sector and infrastructural development are expected to promote growth of the regional hand dryer market.
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Need to Reduce Operational Cost and Environment Friendly Products to Drive Demand in the Market
Increasing demand for environment friendly equipment reduces paper use and saves energy, which is expected to help the market develop during the forecast period. In the next few years, the the demand for the product is expected to be driven by an increase in demand for energy-efficient technologies, as well as a need to reduce operating costs, notably in shopping malls and office buildings.
Developing nations such as China, Brazil, and India are expected to boost the global hand dryer market. The demand for hand dryers is expected to increase in the coming years as the number of restaurants, fast food chains, and hotels and motels rises. Because of its numerous benefits, hand dryers experience high demand. Hand dryers come with a number of advantages, such as cost-effectiveness, ease of maintenance, and energy efficiency.
Globally, demand for jet air hand dryers is on the rise. Warm air dryers are unsanitary, make use of more energy and tend to be slower than jet air dryers. Most jet air dryers make use of a HEPA (high efficiency particulate air) filter or another form of air purifier to help dry hands. Aside from being more sanitary than warm air dryers, these hand dryers are also more cost effective. Hand dryer penetration is increasing across the world, which has led to a surge in demand for jet air hand dryers.
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The global hand dryer market is expected to expand as a result of growing health and hygiene concerns and rising disposable incomes. Hand dryers have a higher installation cost than paper towels, which is likely to limit their adoption in the years to come. In addition, noise from these dryers is projected to have a negative influence on the market’s growth in the forthcoming years.
The information shared in this review is based on a TMR report, bearing the title, “Hand Dryer Market [Product Type: Warm Air Dryers (WAD) and Jet Air Dryers (JAD); End-user: Hotels, Food Processing and Food Service, Office Buildings, and Healthcare] – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027”
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