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Global Hand Drying Machine Market Analysis by product, End-Use Industry, operation mode, mounting technique, Region and segments forecast till 2033
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. |
Global 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.
Global 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.
Global 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
Why to buy this Report?
The report provides quantitative and qualitative aspect for Global Hand Drying Machine Market in terms of value and volume, along with supporting market trends, challenges, restraints.
The report provides an in depth analysis from both Technology and consumption point of view at the regional and country level. Key Factors considered within the report scope are Technology type capacity by countries/regions, average End Use, consumption ratio, revenue earned and gross margin.
The report provides competitive analysis of around 30-50 companies operated in Global Hand Drying Machine Market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:
Business Model
Technology, Capacity, Revenue, Sales, Gross Margin
Key Business Strategy
SWOT Analysis
In terms of competitive landscape, the report provides distinctive factors that would help the Card Technology Vehicle type in taking a key decision within the business:
Company Share Analysis from 2020-2022
Company Analysis by Revenue and Sales
Company Technology type Capacity, Gross Margin
Company Share Analysis by Technology type/ Technology Vehicle type
Company Share Analysis by Technology type/Specification