Global Hand Dryer Market By Overview
Hand Dryer Market was valued at USD 1.3 Billion in 2024 and is projected to grow at a CAGR of 11.80% to reach USD 4 Billion by 2034
A hand dryer is an electrical device, typically in a public toilet, used for drying a person's hands by blowing warm air over them. It is a very effective method of drying hands. The global hand dryer market is witnessing significant growth attributing to awareness about hygiene and cleanliness among the populace.
Various factors such as technological advancement, reducing product prices, and increasing the energy efficiency of hand dryers have significantly impacted the global hand dryer market growth. The surge in the number of restaurants, hotels, and fast food chains worldwide is another factor contributing to increasing product adoption. However, the rise in health concerns due to microbial cross-contamination and associated noise pollution issues are expected to hinder target market growth during the forecast period. Nevertheless, ongoing research and development to improve quality, energy efficiency, and reduction in noise is anticipated to increase the product demand in the near future.
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Global Hand Dryer Market By Segmentations & Regional Insights
Global hand dryer market has been segmented into product type, mode of operation, mounting technique, end-use industry, and region.
On the basis of product type, global hand dryer market has been bifurcated into hot hand dryer and jet hand dryer. Jet hand dryers accounted for maximum revenue share so far and are anticipated to dominate the market over the forecast period. However, hot hand dryers dominate in terms of volume owing to their low cost advantages and less noise production. Based on mode of operation, target market is classified into push button segment and automatic segment. Fully automatic segment constitutes the highest market share attributing to better convenience and consumer satisfaction. On the basis of mounting technique, global hand dryer market is bifurcated into surface mounted and wall mounted segment. According to end-use industry, global market is segmented into hotels and restaurants, hospitals and clinics, offices, and others. Currently, food processing and service industry segment is leading the target market followed by hotels in terms of market value. Healthcare premises such as hospitals and clinics are expected to grow during the forecast period owing to increased regulations pertaining to hygiene and cleanliness.
Regional Insights:
Based on region, the global hand dryer market is segmented into North America, Latin America, Europe, Middle East, Asia-Pacific, and Africa. Over the forecast period, demand in Asia-Pacific is estimated to show robust growth on account of developing infrastructure, coupled with the increasing awareness of benefits of use of technologically advanced devices. Europe and North America regions are also expected to show substantial growth in the target market owing to growing adoption of eco-friendly, hassle-free, and cost effective devices in hotels, offices, restaurants, airports, railway stations etc. on account of increasing environmental concerns.
Global Hand Dryer Market By Competitive Landscape & Key Players
Key players operating in the global hand dryer market include World Dryer Corporation, American Dryer Inc., Dyson Ltd., Panasonic Corporation, Saniflow Hand Dryer Corporation, Excel Dryer Inc., Mitsubishi Electric Corporation, and J.V.D SAS.
FAQs
Hand dryer market has been segmented into product type, mode of operation, mounting technique, end-use industry, and region.
In line with this, the sudden outbreak of COVID-19 pandemic is acting as another major growth-inducing factor as automatic hand dryers offer contactless hand-drying experience, which, in turn, aids in inhibiting the spread of the virus significantly.
Based on region, the global hand dryer market is segmented into North America, Latin America, Europe, Middle East, Asia-Pacific, and Africa. Over the forecast period, demand in Asia-Pacific is estimated to show robust growth on account of developing infrastructure, coupled with the increasing awareness of benefits of use of technologically advanced devices. Europe and North America regions are also expected to show substantial growth in the target market owing to growing adoption of eco-friendly, hassle-free, and cost effective devices in hotels, offices, restaurants, airports, railway stations etc. on account of increasing environmental concerns.
Key players operating in the global hand dryer market include World Dryer Corporation, American Dryer Inc., Dyson Ltd., Panasonic Corporation, Saniflow Hand Dryer Corporation, Excel Dryer Inc., Mitsubishi Electric Corporation, and J.V.D SAS.