Hand Dryer Market Size is Expected to Garner $1,350 Million by 2022 | Current Growth & Demand With Top Manufacturers

Factors such as technological advancement, price, and energy efficiency of hand dryers have significantly impacted the market growth. Automatic hand dryers have reduced the human interaction notably with improvement in consumer experience. Moreover, the reducing product prices facilitates their adoption across new areas such as educational institutes, office buildings, retail outlets, and public restrooms among others.

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However, rise in health concerns due to microbial cross-contamination and associated noise pollution issues are expected to hinder the market growth during the forecast period in some extent. Nevertheless, ongoing research and development to improve quality, energy efficiency, and reduction in noise is anticipated to increase the demand for hand dryers.

Global hand dryer market is segmented based on type, mode of operation, end user, and geography. The market is segmented into two basic types-hot hand dryer and jet hand dryer. Hot hand dryers dominate in terms of volume owing to their low cost advantages. These are being increasingly installed at public restrooms, educational institutes, shopping malls, and others. However, the jet hand dryer segment would continue to maintain their leading position in terms of revenue generation with an increase in installation at commercial complexes, airports, hotels, and restaurants. Increased focus to avoid environmental loss with minimization of paper towels in commercial premises would help to fuel the market growth.

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Key Market Players Profiled In The Report:

• Dyson Ltd
• American Dryer
• World Dryer
• Mitsubishi Electric
• Bio JetDrier
• Panasonic
• Hokwang Industries
• Palmer Fixture
• Excel Dryer Inc.
• JVD SAS

Key Findings of the Study:

â—‹ Hand dryer market witness significant growth across the globe with growth in awareness about hygiene and cleanliness among the populace.
â—‹ In 2014, hot hand dryers shared nearly 70% market volume due to their cost-effectiveness as compared to jet hand dryers.
â—‹ Food processing and service industry shares nearly 1/3^rd market due to their increased installation at food parks, food outlets, and restaurants.
â—‹ European region constitutes the highest market share with prominent demand from UK, France, Germany, and Italy among others.
â—‹ Market players focus on product launch equipped with advanced features to meet the customer demands.

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Source: Allied Market Research