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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
  • 2024-10-08
  • 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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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

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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