Hand Drying Machine Market Size, Industry Analysis Report By Product (Jet air, Hot air), By End-Use Industry (Airports, Hotel & Restaurants, Hospitals, Offices, Shopping Malls), By operation mode (Manual On-Automatic Off, Fully Automatic), By mounting technique (Surface Mounted, Wall Mounted) & Region - Forecasts By 2033
- PUBLISHED ON
- 2022-10-08
- NO OF PAGES
- 247
- CATEGORY
- Retails & Consumer
Market Overview
The Global Hand Drying Machine Market is valued at USD 980.16 million in 2022 and is projected to reach a value of USD 2341.51 million in 2033 expanding at a CAGR of 11.5% over the forecast period of 2022-2030.
Report Scope
Report Attributes | Description |
Market Forecast in 2022 | USD 980.16 Million |
Market Forecast in 2033 | USD 2341.51 Million |
CAGR % 2023-2033 | 11.5% |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Product type, end-user industry, company share, company heatmap, company Material Technology type capacity, growth factors and more |
Segments Covered | product, End-Use Industry, operation mode, mounting technique |
Regional Scope | North America, Europe, APAC, South America and Middle East and Africa |
Country Scope | U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Key Companies | American Dryer, LLC.; Dyson Technology India Pvt Ltd; Electrostar; Euronics Industries Pvt Ltd; Jaguar Group Sdn. Bhd.; Excel Dryer; Panasonic Corporation; Mitsubishi Electric Corporation; SPL NZ; Bobrick Washroom Equipment Inc.; Saniflow Hand Dryer Corporation; Taishan Jieda Electrical Co. Ltd.; and World Dryer Corporation. |
Hand Drying Machine Market: Description
A hand dryer is defined as an electric machine that might make use of a heating element and also an air blower to dry the hands after hand washing. The hand drying is commonly used in public toilets as it is a cost-effective alternative to paper towels. These machines might either operate with the push of a button or automatically with the use of a sensor. These hand dryers are also defined as electronics that are used for drying wet hands in kitchens, restaurants, and restrooms. They help to dry your hands within seconds. One just have to keep your hands under the vent, and the warm air from the machine will dry the hands quickly.
The hand drying machine market is boosting because of the increasing adoption in several end-use industries that includes, airports, hotel and restaurants, hospitals, offices, as well as shopping malls. The rising demand for environmental-friendly devices facilitates paper and power saving has also favoured the market growth over the forecast period. The Increase in demand for useful energy technology with the need to lower the operational spending, mainly in office structures and the shopping malls is projected to witness a large growth in the coming years.
One of the major factor that has fuelled the market growth over the forecast period is the rising number of restaurants, food chains, and hotels universally. This is because the hand drying market is very popular and useful mainly in the food and beverages industry. Also, the infrastructural progress in the developing economies have also provided lucrative opportunities to the market growth.
One of the major factor that has acted as a major restrain to the market growth over the forecast period is the high cost of the hand drying machine. This is because it is very costly and cannot be afforded by the new restaurants and food chains. Also, the noise that is created while using the machine has also acted as a major restrain to the market growth over the forecast period.
Hand Drying Machine Market- Segmental Analysis:
Product Insights
The jet air segment has dominated the market growth over the forecast period. This is because of the rise in installation at hotels, airports and restaurants, office buildings, and shopping malls. The cost that is related to jet air as compared to hot air dryers is high and might hinder the product demand in the coming years.
End use industry Insights
The hotels and restaurants segment has dominated the market growth over the forecast period. This is because of rapid growth of the hospitality industry on account of rise in the number of restaurants, pubs, and hotels, along with increasing tourism activities worldwide
Operation Mode Insights
The fully automatic segment has dominated the market growth over the forecast period. This is because of better convenience and user satisfaction that has been offered by these products. Fully automatic devices also do not require any human touch to operate, which minimizes social efforts and is the prime factor to dominate the market growth.
Operation Mode Insights
The wall mounted segment has dominated the market growth over the forecast period. This is because of the less space occupancy by these devices. Also, space occupancy concerns have significantly driven the adoption of hand dryers, particularly in compact restrooms with high traffic.
Regional Insights
The Global Hand Drying Machine Market is segmented into 5 main regions, namely, North America, Europe, Asia Pacific, South America, and Middle east and Africa. Among these, Europe has dominated the market growth over the forecast period. This is because of rising adoption of ecological, cost-effective, and hassle-free devices that has boosted the market expansion over the forecast period in the region.
Competitive Analysis
Some of the prominent companies operating in the market are American Dryer, LLC.; Dyson Technology India Pvt Ltd; Electrostar; Euronics Industries Pvt Ltd; Jaguar Group Sdn. Bhd.; Excel Dryer; Panasonic Corporation; Mitsubishi Electric Corporation; SPL NZ; Bobrick Washroom Equipment Inc.; Saniflow Hand Dryer Corporation; Taishan Jieda Electrical Co. Ltd.; and World Dryer Corporation.
Hand Drying Machine Market- Segmental Analysis
Based on Product
· Jet air
· Hot air
Based on End-Use Industry
· Airports
· Hotel & Restaurants
· Hospitals
· Offices
· Shopping Malls
· Others
Based on operation mode
· Manual On-Automatic Off
· Fully Automatic
Based on mounting technique
· Surface Mounted
· Wall Mounted
1. Global Hand Drying Machine Market Introduction and Market Overview
1.1.
Objectives of the Study
1.2.
Global Hand Drying Machine
Market Scope and Market Estimation
1.2.1.Global Hand
Drying Machine Overall Market Size, Revenue (US$ Mn) and Volume (Units), Market
CAGR (%), Market forecast (2023 - 2033)
1.2.2.Global Hand
Drying Machine Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2033
1.3.
Market Segmentation
1.3.1.Product of
Global Hand Drying Machine Market
1.3.2.End Use
of Global Hand Drying Machine Market
1.3.3.Operation
Mode of Global Hand Drying Machine Market
1.3.4.Mounting
Technique of Global Hand Drying Machine Market
1.3.5.Region
of Global Hand Drying Machine Market
2. Executive Summary
3. Market Factor Analysis
3.1. Global Hand Drying Machine
Market Application Trends under COVID-19 Outbreak
3.1.1.Global
COVID-19 Status Overview
3.1.2.Influence
of COVID-19 Outbreak on Global Hand Drying Machine Market Application
Development
3.2. Market Dynamics
3.2.1.Drivers
3.2.2.Limitations
3.2.3.Opportunities
3.2.4.Impact
Analysis of Drivers and Restraints
3.3. Value Chain/ Ecosystem Analysis
3.3.1.Manufacturers
/ Vendors
3.3.2.Distributors
3.3.3.Buyers /
End-users
3.3.4.Forward
Integration & Backward Integration of Key Stakeholders
3.4. Global Hand Drying Machine
Market - Pricing Trends Analysis & Average Selling Prices (ASPs)
3.5. Porter’s Five Forces
Analysis
3.5.1.Bargaining
Power of Suppliers
3.5.2.Bargaining
Power of Buyers
3.5.3.Threat
of Substitutes
3.5.4.Threat
of New Entrants
3.5.5.Competitive
Rivalry
3.6. PEST Analysis
3.6.1.Political
Factors
3.6.2.Economic
Factors
3.6.3.Social
Factors
3.6.4.Technological
Factors
3.7. Impact of Russia Ukraine
War on Hand Drying Machine Market
3.8. Impact of Economic
Downturn on Hand Drying Machine Market
3.9. Hand Drying Machine Production
Capacity, by Major Countries
3.10. Market Investment
Opportunity Analysis (Top Investment Pockets), By Segments & By Regions
4. Global Hand Drying Machine
Market Estimates & Forecast Trend Analysis, by Product
4.1.
Global Hand Drying Machine
Market Revenue (US$ Mn) and Volume (Units) Estimates and Forecasts, by Product, 2019 to 2033
4.1.1. Jet air
4.1.2. Hot
air
5. Global Hand Drying Machine
Market Estimates & Forecast Trend Analysis, by Operation
5.1.
Global Hand Drying Machine
Market Revenue (US$ Mn) and Volume (Units) Estimates and Forecasts, by Operation, 2019 to 2033
5.1.1. Manual
On-Automatic Off
5.1.2. Fully
Automatic
6. Global Hand Drying Machine
Market Estimates & Forecast Trend Analysis, by Mounting
6.1.
Global Hand Drying Machine
Market Revenue (US$ Mn) and Volume (Units) Estimates and Forecasts, by Mounting, 2019 to 2033
6.1.1. Surface
Mounted
6.1.2. Wall
Mounted
7. Global Hand Drying Machine
Market Estimates & Forecast Trend
Analysis, by End User
7.1.
Global Hand Drying Machine
Market Revenue (US$ Mn) and Volume (Units) Estimates and Forecasts, by End User, 2019 to 2033
7.1.1. Airports
7.1.2. Hotel
& Restaurants
7.1.3. Hospitals
7.1.4. Offices
7.1.5. Shopping
Malls
7.1.6. Others
8. Global Hand Drying Machine
Market Estimates & Forecast Trend Analysis, by
Region
8.1.
Global Hand Drying Machine
Market Revenue (US$ Mn) and Volume (Units) Estimates and Forecasts, by Region,
2019 to 2033
8.1.1.North
America
8.1.2.Europe
8.1.3.Asia
Pacific
8.1.4.Middle East & Africa
8.1.5.South
America
9. North America Hand Drying Machine Market:
Estimates & Forecast Trend Analysis
9.1. North America Hand Drying Machine Market Assessments & Key
Findings
9.1.1.Hand
Drying Machine Market Introduction
9.1.2.Hand
Drying Machine Market Size Estimates and Forecast (US$ Million & Units) (2019
– 2033)
9.1.2.1.
By Product
9.1.2.2.
By Operation
9.1.2.3.
By Mounting
9.1.2.4.
By End User
9.1.2.5.
By Country
9.1.2.5.1.
The U.S.
9.1.2.5.2.
Canada
9.1.2.5.3.
Mexico
10. Europe Hand Drying Machine Market:
Estimates & Forecast Trend Analysis
10.1. Europe Hand Drying Machine Market Assessments & Key Findings
10.1.1.
Hand Drying Machine Market
Introduction
10.1.2.
Hand Drying Machine Market Size
Estimates and Forecast (US$ Million & Units) (2019 – 2033)
10.1.2.1.
By Product
10.1.2.2.
By Operation
10.1.2.3.
By Mounting
10.1.2.4.
By End User
10.1.2.5.
By Country
10.1.2.5.1. Italy
10.1.2.5.2. Germany
10.1.2.5.3. U.K.
10.1.2.5.4. France
10.1.2.5.5. Spain
10.1.2.5.6. Rest of Europe
11. Asia Pacific Hand Drying Machine Market:
Estimates & Forecast Trend Analysis
11.1. Asia Pacific Market Assessments & Key Findings
11.1.1.
Hand Drying Machine Market
Introduction
11.1.2.
Hand Drying Machine Market Size
and Volume Estimates and Forecast (US$ Million & Units) (2019 – 2033)
11.1.2.1.
By Product
11.1.2.2.
By Operation
11.1.2.3.
By Mounting
11.1.2.4.
By End User
11.1.2.5.
By Country
11.1.2.5.1. China
11.1.2.5.2. Japan
11.1.2.5.3. India
11.1.2.5.4. Australia
11.1.2.5.5. South Korea
11.1.2.5.6. ASEAN
11.1.2.5.7. Rest of Asia Pacific
12. Middle East & Africa Hand Drying Machine Market: Estimates & Forecast Trend Analysis
12.1. Middle East & Africa Market Assessments & Key Findings
12.1.1.
Hand Drying Machine Market
Introduction
12.1.2.
Hand Drying Machine Market Size
and Volume Estimates and Forecast (US$ Million & Units) (2019 – 2033)
12.1.2.1.
By Product
12.1.2.2.
By Operation
12.1.2.3.
By Mounting
12.1.2.4.
By End User
12.1.2.5.
By Country
12.1.2.5.1. U.A.E.
12.1.2.5.2. Saudi Arabia
12.1.2.5.3. Egypt
12.1.2.5.4. South Africa
12.1.2.5.5. Rest of Middle East & Africa
13. South America Hand Drying Machine Market:
Estimates & Forecast Trend Analysis
13.1. South America Market Assessments & Key Findings
13.1.1.
Hand Drying Machine Market
Introduction
13.1.2.
Hand Drying Machine Market Size
and Volume Estimates and Forecast (US$ Million & Units) (2019 – 2033)
13.1.2.1.
By Product
13.1.2.2.
By Operation
13.1.2.3.
By Mounting
13.1.2.4.
By End User
13.1.2.5.
By Country
13.1.2.5.1. Brazil
13.1.2.5.2. Argentina
13.1.2.5.3. Colombia
13.1.2.5.4. Rest of South America
14.
Competition Landscape
14.1. Hand Drying Machine Market Competition Matrix & Benchmarking, by
Leading Players / Innovators / Emerging Players / New Entrants
14.2. Hand Drying Machine Market Competition White Space Analysis, By End-user
14.3. Hand Drying Machine Market Competition Regional Intensity Map
Analysis, By Geographies Served
14.4. Hand Drying Machine Market Concentration & Company Market Shares
(%) Analysis, 2022
15.
Company Profiles
15.1.American Dryer, LLC.
15.1.1.
Company Overview & Key
Stats
15.1.2.
Financial Performance &
KPIs
15.1.3.
Product Portfolio
15.1.4.
Business Strategy & Recent Developments
* Similar details would be provided for all the players
mentioned below
15.2.Dyson Technology India Pvt Ltd; Electrostar;
15.3.Euronics Industries Pvt Ltd;
15.4.Jaguar Group Sdn. Bhd
15.5.Excel Dryer
15.6.Panasonic Corporation
15.7.Mitsubishi Electric Corporation
15.8.Saniflow Hand Dryer Corporation
15.9.Others**
16.
Research Methodology
16.1.
External Power
Outputs / Databases
16.2.
Internal
Proprietary Database
16.3.
Primary
Research
16.4.
Secondary
Research
16.5.
Assumptions
16.6.
Limitations
16.7.
Report
FAQs
17.
Research Findings & Conclusion
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Frequently Asked Questions
What is the market size and growth projections?
The Global Hand Drying Machine Market is valued at USD 980.16 million in 2022 and is projected to reach a value of USD 2341.51 million in 2033 expanding at a CAGR of 11.5% over the forecast period of 2022-2030.
What are the drivers shaping various markets?
The rising demand for environmental-friendly devices facilitates paper and power saving has also favoured the market growth over the forecast period. The Increase in demand for useful energy technology with the need to lower the operational spending, mainly in office structures and the shopping malls is projected to witness a large growth in the coming years.
Who are the key competitors of market Players?
Some of the major players operating within the market are American Dryer, LLC.; Dyson Technology India Pvt Ltd; Electrostar; Euronics Industries Pvt Ltd; Jaguar Group Sdn. Bhd.; Excel Dryer; Panasonic Corporation; Mitsubishi Electric Corporation; SPL NZ; Bobrick Washroom Equipment Inc.; Saniflow Hand Dryer Corporation; Taishan Jieda Electrical Co. Ltd.; and World Dryer Corporation.
What are the top performing segments, and countries / regions of each of the markets?
The Global Hand Drying Machine Market is segmented into 5 main regions, namely, North America, Europe, Asia Pacific, South America, and Middle east and Africa. Among these, Europe has dominated the market growth over the forecast period. This is because of rising adoption of ecological, cost-effective, and hassle-free devices that has boosted the market expansion over the forecast period in the region.
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