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iCrowdNewswire Nov 30, 2020 12:00 AM ET

Proliferating at 4.4% CAGR between 2021 and 2027, Global Hand Wash Station Market to Reach US$1.48 bn by 2027


Proliferating at 4.4% CAGR between 2021 and 2027, Global Hand Wash Station Market to Reach US$1.48 bn by 2027

iCrowd Newswire - Nov 30, 2020

A new study on the global corn starch market has been recently added to the vast repository of Report Ocean. The report, titled “Hand Wash Station Market by Type (Single Sink and Multiple Sinks), Portability (Permanent and Portable), Material (Ceramics, Alloy, and Others) and End User (Community and Commercial): Global Opportunity Analysis and Industry Forecast, 2021–2027” offers a detailed study of this market on the basis of its past and current performance.

GET SAMPLE COPY @ https://www.reportocean.com/industry-verticals/sample-request?report_id=AMR1234

According to the research report, the opportunity in the global hand wash station market touched US$0.91 bn in 2019. Progressing at a CAGR of 4.40% during the period from 2021 to 2027, the market is anticipated to reach US$1.48 bn by the end of the forecast period.

The significant rise in the awareness level of consumers pertaining to viral heath concerns, such as influenza, chickenpox, measles, mumps, TB, diphtheria, and the latest being Covid 19, has created a high demand for hand wash stations in public places. Apart from this, the increase in government initiatives and programs to promote the habit of washing hands every so often among consumers in order to reduce the risk of getting infected, is also boosting this market substantially.

Impact of Covid 19 on Global Hand Wash Station Market

The impact of Covid 19 on the global hand wash station is mostly positive. The worldwide spread of Coronavirus has increased concerns and awareness among consumers regarding cleanliness and personal hygiene is fueling the need for more hand wash stations in public spaces, which reflects positively on the market.

Global Hand Wash Station Market: Business Dynamics

In this report, the hand wash station market has been assessed on the basis of the type, portability, material, end user, and the region. Based on the type, the market has been categorized into single sink and multiple sinks. The single sink segment led the global market in 2019 and is expected to retain its dominance throughout the forecast period. By portability, it has been classified into permanent and portable. The permanent segment held the leading position in 2019 and is projected to rise at a healthy growth rate between 2021 and 2027.

In terms of the material, it has been divided into ceramics, alloy, and several other materials. The ceramics segment is expected to remain dominant over the next few years. Based on the end users, the market has been segmented into community and commercial. The commercial segment is predicted to lead the global market in the near future. Regionally, it has been analyzed across North America, Europe, Asia Pacific, and LAMEA. Asia Pacific held the dominant share in 2019 and is expected to retain it over the period of the forecast.

The key hand wash station manufacturers, profiled in this report, are Acorn Engineering Company, Inc., CROWN VERITY INC., Monsam Enterprises, PolyJohn, Mr. John, TEAL Patents, Belson Outdoors, Transplumb Water Technologies, JW Craft Portable Restrooms, Inc., and Meritech Systems LLC.

Key Findings:

The global hand wash station market is segmented into:

By Type 

By Portability

By Material

By End Users

By Region

North America

Europe

Asia Pacific

LAMEA

Companies Mentioned in the Report

READ FULL REPORT @ https://www.reportocean.com/industry-verticals/sample-request?report_id=AMR1234

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