Press release
Hand Dryer Market Estimation, Formulation, Validation and Segmentation By 2025
Hand dryers are devices that are used in almost all hotel washrooms for hygienically drying hands. They are eco-friendly devices as they are instrumental in saving paper and towels. The demand for hand dryers in hotels and restaurants is increasing due to the rapid growth in the hospitality industry across the world. Moreover, they are more cost-effective in comparison with paper towels, with several hotels replacing paper towels with hand dryers, not only to reduce their operational costs but also to add sophistication. Moreover, the growth of the tourism industry has led to an increase in the number of hotels globally, which has also triggered the demand for hand dryers.
The escalating demands for eco-friendly devices which facilitate power and paper saving is also expected to favor the industry growth significantly over the forecast period. The rising demand for energy efficient technology, paired with the mounting need to lower the operational expenditure, particularly in office buildings as well as shopping & commercial complexes, is expected to drive the industry growth over next eight years.
The infrastructure development, primarily in the emerging economies including India, Brazil, and China, may offer additional growth opportunities. The surge in the number of hotels, restaurants, and fast food chains worldwide is another factor contributing to the increasing product adoption. The upward trend of smart infrastructure is also expected to offer avenues for the market development.
EMEA will be the major revenue contributor to the hand dryer market throughout the forecast period. Factors such as the growing demand from large hotels and restaurants in Europe and the rise in the number of hotel projects in the pipeline, will propel the need for hand dryers in this region.
The global Hand Dryer market is valued at xx million US$ in 2017 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2018-2025.
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The major manufacturers covered in this report
American Dryer
Dyson
Excel Dryer
Mitsubishi Electric
World Dryer
Askon Engineers
Bradley
HOKWANG INDUSTRIES
Palmer Fixture
Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering
North America
Europe
China
Japan
Southeast Asia
India
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
Hot Air Hand Dryers
Jet Air Hand Dryers
On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including
Airports
Educational Institutes
Hospitals
Hotels & Restaurants
Office Buildings
Railway Stations
Shopping & Commercial Complex
Multiplexes
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In this study, the years considered to estimate the market size of Hand Dryer are as follows:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2025
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