Hand Dryer Market 2020: Industry Size and Share, Current Demand & Growth, Top Manufacturers and Product Optimization

0
106
Hand Dryer Market
Hand Dryer Market

Rapidly growing hospitality industry with increase in the number of restaurants, hotels, and pubs posing lucrative environment for hand dryers market. The adoption of hand dryers is expected to surge on account of requirement to meet cleanliness standards for food service industry. The automatic hand dryers are expected to witness increased demand across the world due to convenience offered while operation.

The global hand dryer market would reach $1,350 million by 2022. Asia-Pacific region is anticipated to exhibit robust growth owing to rapid infrastructure development and awareness about environmental benefits in the region. Food processing and service industry would continue to maintain its dominance throughout the forecast period due to need to reduce their operation expenditure.

Factors such as technological advancement, price, and energy efficiency of hand dryers have significantly impacted the market growth. Automatic hand dryers have reduced the human interaction notably with improvement in consumer experience. Moreover, the reducing product prices facilitates their adoption across new areas such as educational institutes, office buildings, retail outlets, and public restrooms among others.

Get Sample Report @https://www.alliedmarketresearch.com/request-sample/1688

However, rise in health concerns due to microbial cross-contamination and associated noise pollution issues are expected to hinder the market growth during the forecast period in some extent. Nevertheless, ongoing research and development to improve quality, energy efficiency, and reduction in noise is anticipated to increase the demand for hand dryers.

Global hand dryer market is segmented based on type, mode of operation, end user, and geography. The market is segmented into two basic types-hot hand dryer and jet hand dryer. Hot hand dryers dominate in terms of volume owing to their low cost advantages. These are being increasingly installed at public restrooms, educational institutes, shopping malls, and others. However, the jet hand dryer segment would continue to maintain their leading position in terms of revenue generation with an increase in installation at commercial complexes, airports, hotels, and restaurants. Increased focus to avoid environmental loss with minimization of paper towels in commercial premises would help to fuel the market growth.

Geographically the market is segmented into North AmericaEuropeAsia-PacificLatin AmericaMiddle East, and AfricaNorth America and Europe lead with more than 3/5th share owing to high living standards and increased health concerns. However, Asia-Pacific and LAMEA regions would exhibit the comparatively higher growth due to improvement in infrastructure development and growth in awareness. In particular, Asia-Pacific region would show promising growth owing to notable demand from the countries such as ChinaIndiaJapan, and South Korea among others.

Get detailed COVID-19 impact analysis on the Hand Dryer Market

Key Market Players Profiled In The Report:

• Dyson Ltd
• American Dryer
• World Dryer
• Mitsubishi Electric
• Bio JetDrier
• Panasonic
• Hokwang Industries
• Palmer Fixture
• Excel Dryer Inc.
• JVD SAS

Key Findings of the Study:

○ Hand dryer market witness significant growth across the globe with growth in awareness about hygiene and cleanliness among the populace.
○ In 2014, hot hand dryers shared nearly 70% market volume due to their cost-effectiveness as compared to jet hand dryers.
○ Food processing and service industry shares nearly 1/3rd market due to their increased installation at food parks, food outlets, and restaurants.
○ European region constitutes the highest market share with prominent demand from UK, FranceGermany, and Italy among others.
○ Market players focus on product launch equipped with advanced features to meet the customer demands.

For Purchase Enquiry @https://www.alliedmarketresearch.com/purchase-enquiry/1688

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-446-1141
International: +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

Please follow and like us: