Hand Dryer Market is anticipated to grow at a CAGR of 11.9% by 2026 - iCrowdNewswire
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Oct 12, 2018 1:22 PM ET

Hand Dryer Market is anticipated to grow at a CAGR of 11.9% by 2026

iCrowdNewswire - Oct 12, 2018

The global hand dryer market generated $699 million in 2017 and is anticipated to grow at a CAGR of 11.9% during the forecast period.


Hand dryer is an electronic machine used for drying of hands mostly in public bathrooms. Hand dryers are used in locations such as hotels, restaurants, commercial buildings, hospitals, educational institutes, railway stations, airports, and shopping complexes among others. The different types of hand dryers include jet air hand dryer, and hot air hand dryer.


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The demand for hand dryer has increased over the years owing to growing need to use energy efficient equipment, and rising energy costs. The growing development regarding energy efficient buildings, and increasing need to reduce wastage of resources such as water and paper support the growth of the hand dryer market. Similarly, the increasing use of hand dryer in commercial buildings, hotels and restaurants, railway stations and airports to support the growth of hand dryer market. Moreover, increasing need for energy efficiency, and growing environmental awareness supports the growth of the market during the forecast period. While, growing demand from emerging economies along with technological advancement is expected to provide numerous growth opportunities in the coming years.


The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Hand Dryer Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, APAC and South America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.


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Europe generated the highest revenue in 2017 owing to introduction of advanced and energy efficient hand dryers by the market players in the region. The growing development of energy efficient buildings, and smart infrastructure boost the growth of hand dryer market in Europe during the forecast period. Numerous key players have adopted partnership and expansion strategies to increase their market share in hand dryer markets of the European region.


Competitive Landscape and Key Vendors

The global hand dryer market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.


The leading companies profiled in the report include Dyson Ltd., Mitsubishi Electric Corporation, Jaquar & Company Pvt Ltd, American Dryer, Inc., Panasonic Corporation, Excel Dryer, Inc., Bradley Corporation, Saniflow Corporation, World Dryer Corporation, and Bobrick Washroom Equipment, Inc.


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