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Hand Dryer Market to Grow at 12% CAGR to 2022

Press Release   •   Jan 22, 2018 06:03 EST

Zion Market Research has published a new report titled “Hand Dryer Market (Hot hand dryers and Jet hand dryers) Market for Hotel, Hospitals & Clinics, Food processing & Service Industry, Commercial Complexes, Office Buildings and Others Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 - 2022”. According to the report, global hand dryer market accounted for USD 490.3 Million in 2014 and is forecasted to surpass USD 1.2 billion by 2022, growing at a CAGR of 12% between 2017 and 2022.

Hand dryers are an electrical device generally appears in public washrooms for the purpose of drying hands hygienically. Hand dryers either operate automatically by using sensors or manually by using a push button. Almost five decades has pass out, the first revolution in the toilet facilities took place throughout the world with the appearance of the first hot air hand dryers. A new system for hand drying slowly became most popular and familiar due to its advantages, nowadays hardly you see toilet without hand dryers. Hand dryers play an important role in washroom hygiene. The dryers market has been evolving step by step, the hot air hand dryer concept evolved and a new concept was born with high speed, energy efficient hand dryer.

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Growing awareness about hand dryers and hygienic over conventional paper towels is fueling the demand of hand dryers. In addition, interest of corporate people to cutting down the operational cost has led to installation of hand dryers in washrooms and toilets which proves to be economical in comparison to paper towels. Hand dryers are emerging as eco-friendly appliances over paper towels because; Paper towels are produced by cutting down trees, which is having a harmful effect on the environment. Hand dryers help in saving power as well as paper, reducing solid waste generated by used paper towels. Such multi benefit of hand dryers is fueling the demand of hand dryers market. However, high noise level of hand dryers is a major concern especially in areas such as offices and educational institutes. High noise factor is negatively impacting the installation of hand dryers

On the basis of type of product, the hand dryers market segmented into the hot hand dryers and jet hand dryers. In terms of volume, Hot hand dryers accounted for maximum market share in 2016 and expected to show significant growth during the forecast period. Food processing and service industry was valued maximum market revenue and Hospitals and clinic segment is expected to the witness fastest growth within the forecast period. In terms of volume Europe region was accounted more than 35% market share in 2015 and expected to witness significant market share during the forecast period. North America is second largest region for hand dryers after Europe.

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Some of the key players include in hand dryer market such as American Dryer, Inc., Bradley Corporation, Dyson Ltd., Electrostar Gmbh, Excel Dryer, Inc., Mitsubishi Electric Corporation and World Dryer Corporation.

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