The global hand dryers market size is expected to reach USD 1.7 billion by 2025, expanding at a CAGR of 11.5% from 2019 to 2025, according to a new report by Grand View Research. A key factor contributing to the marketgrowth is decrease in oil and gasoline reserves. Over 464 gallons of oil and 42 gallons of gasoline are used to make one ton of paper towels. Hand dryers reduce the usage of gas and fuel and contribute towards greener solutions. Demand for these products is increasing as it helps in eliminating the mess caused by the usage of paper towels, thereby improving the restroom appearance.
One of the measures to reduce water wastage is to use hand dryers instead of paper towels. Approximately 7,000 gallons of water are used to make one ton of paper towels. The manufacturing process of hand dryers does not involve the usage of such a massive quantity of water. Demand for these products is expected to increase owing to elevating need to conserve water, coupled with increasing demand for reducing the expenditure associated with paper towels.
Even in developing countries such as China and India, legislatures regarding environmental pollution and health and safety of workers are evolving at a rapid pace, owing to the global standardization of operations. The significant factors that are affecting the regulation change across the globe are the international initiatives that have been taking center stage in the international markets for quite some time now.
Europe accounts for the maximum market share as compared to other regions owing to availability of numerous hotels and restaurants. Moreover, the geographic span of the European continent is quite large consisting of several tourist attractions, which led to the hotel industry to flourish significantly.
To request a sample copy or view summary of this report, click the link below:
Further key findings from the study suggest:
Jet air dryers are estimated to continue their domination over the projected period owing to their extensive adoption across the globe. The segment accounted for the largest market share in 2018 and is expected to expand at the highest CAGR from 2019 to 2025
Fully automatic hand dryers include least human intervention, which helps to increase efficiency and reduce operational costs. Thus, the fully automatic hand dryers segment accounts for the largest market share
Wall mounted hand dryers offer ease of installation and operation, especially at public washrooms where space is a concern. In addition, wall mounted hand dryers are easy to maintain and effortlessly serviceable due to their mounting technique. All these factors are responsible for the greater adoption of wall mounted devices, accounting for a major market share
The hotel and restaurants industry accounted for the largest market share in 2018. The shipment across the industry stood at 889.3 thousand units in 2018, dominating the entire hand dryers market
Key players in the market include 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 Industries Limited; Bobrick Washroom Equipment Inc.; Saniflow Hand Dryer Corporation; Taishan Jieda Electrical Co. Ltd.; and World Dryer.
Grand View Research has segmented the hand dryers market on the basis of product, operation, mounting technique, end-use industry, and region:
Hand Dryers Product Outlook (Revenue, USD Million, Volume, Thousand Units, 2014 - 2025)
Hand Dryers Operation Mode Outlook (Revenue, USD Million, Volume, Thousand Units, 2014 - 2025)
Manual On-Automatic Off
Hand Dryers Mounting Technique Outlook (Revenue, USD Million, Volume, Thousand Units, 2014 - 2025)
Hand Dryers End-use Industries Outlook (Revenue, USD Million, Volume, Thousand Units, 2014 - 2025)
Hotel & Restaurants
Hand Dryers Regional Outlook (Revenue, USD Million, Volume, Thousand Units, 2014 - 2025)
Middle East & Africa (MEA)
Avail customized purchase options to meet your research needs:
Get your queries resolved from an industry expert. Request for a free product review before report purchase.
Speak to the report author to design an exclusive study to serve your research needs.
A testimonial for service excellence represented in the form of BBB "A" Accreditation.
Your personal and confidential information is safe and secure.
"The quality of research they have done for us has been excellent..."