Automatic Hand Dryer Market Growth By Regional Analysis (America, Europe, Asia Pacific, and Middle East & Africa) Growth Opportunity and Industry Forecast 2023-2030 (Recession Impact Analysis)
ID : MRU_
114297 | Date :
Feb, 2023 | Pages :
180 | Region : Global |
Publisher : Ri research
Automatic hand dryers are electric machines found in public bathrooms. They may either operate with the push of a button or automatically using a sensor. Hand washing is an important part of hygiene, and so an effective method of drying the hands is necessary.
The high growth rate due to the adoption in various end-use industries including hotels and restaurants, office buildings, educational institutes, shopping & commercial complex and multiplexes, railway station, and airports. The ecological and economic benefits offered by hand dryers are also anticipated to fuel the product adoption.
On the basis of product type, automatic hand dryers are categorized into hot hand dryer and jet hand dryer. Jet hand dryers accounted for 49.32% revenue share in 2017 and are estimated to grow at a CAGR of more than 16.5% over the forecast period. This can be primarily attributed to the increasing installation at airports, hotels and restaurants, office buildings, and shopping complexes. The high cost associated with jet air as compared to hot air variants may hinder the product demand in the near future.
The hotel and restaurant end-use segment accounted for more than 60% of the overall market share in 2017, which is estimated to increase over the forecast period. This can be attributed to the rapid growth in the hospitality industry on account of surge in the number of restaurants, pubs, and hotels paired with the increasing tourism activities worldwide.
The European hand dryers market is anticipated to be a major regional segment owing to the growing adoption of eco-friendly, hassle-free, and cost effective devices. This region accounted for over 34.6% of the overall revenue share in 2017 and is estimated to grow at a CAGR of more than 13.6% over the forecast period. The demand in Asia-Pacific is estimated to show robust growth on account of the developing infrastructure in countries including China, India, and Thailand coupled with the increasing awareness of the benefits of using technologically advanced devices. This region accounted for over 29% of the overall revenue share and is estimated to grow at a CAGR of more than 17% over the forecast period.
The report offers detailed coverage of Automatic Hand Dryer industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Automatic Hand Dryer by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
The report forecast global Automatic Hand Dryer market to grow to reach xxx Million USD in 2023 with a CAGR of xx% during the period 2023-2030.
First, this report covers the present status and the future prospects of the global Automatic Hand Dryer market for 2018-2030.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].
Key Companies
Panasonic
Dyson
Siemens
Toto
AIKE
Excel Dryer
Jaquar Group
World Dryer
American Dryer
DIHOUR
Mitsubishi Electric
Saniflow Hand Dryer
Bobrick
SPL
JVD
At the same time, we classify Automatic Hand Dryer according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
Market Segment as follows: Market by Order Type
Hot Air Dryer
Jet Air Dryer Market by Application
Commercial Complex
Restaurants
Hospitals
Hotels
Others
By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Automatic Hand Dryer market for the forecast period 2023 - 2030?
• What are the driving forces in the Automatic Hand Dryer market for the forecast period 2023 - 2030?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Automatic Hand Dryer industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?
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