Global Hand Dryers Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Hand Dryers Market Report by The Business Research Company covers hand dryers market drivers and restraints, hand dryers market size, major players, and the impact of COVID-19 on the hand dryers market.
The hand dryers market consists of sales of hand dryers and related services. Hand dryers are cost-effective, energy-efficient and eco-friendly devices that are extensively adopted in restaurants, hotels, offices, and malls as a replacement to towel. Hand dryers are electronic machines used for drying hands in public bathrooms that works either by pressing a button or automatically using a sensor. These are highly responsive and are equipped with fast reacting sensors with maximum energy efficiency for instant reaction.
Strong growth in hospitality industry drove the market for hand dryers in the historic period. The rapidly growing hospitality industry, such as the rise in hotels and restaurants, boosted the growth of the hand dryers market, driven by the need to meet cleanliness requirements in the food services and hospitality sector.
The global hand dryers market is expected grow from $0.75 billion in 2020 to $0.88 billion in 2021 at a compound annual growth rate (CAGR) of 17.3%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1.36 billion in 2025 at a CAGR of 11%.
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Some hand dryers market trends include companies launching new products in order to increase their revenue and also for gaining a competitive edge over their competitors.
Global hand dryers market segments include:
1) By Product: Jet Air, Hot Air.
2) By Operation: Manual On-Automatic Off, Fully Automatic.
3) By End-user: Airports, Hotel & Restaurants, Hospitals, Offices, Shopping Malls, Others.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Hand Dryers Global Market Report 2021: COVID 19 Growth And Change to 2030 is one of a series of new reports from The Business Research Company that provides hand dryers market overviews, analyzes and forecasts market size, share, hand dryers market players, hand dryers market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The hand dryers market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Hand Dryers Global Market Report 2021: COVID 19 Growth And Change to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: American Dryer, LLC., Dyson Ltd., Electrostar, Excel Dryer Inc., Panasonic Corporation, Mitsubishi Electric Corporation, SPL Ltd., Bobrick Washroom Equipment, Inc., Saniflow Corporation, Taishan Jieda Electrical Co. Ltd., World Dryer Corporation, HOKWANG INDUSTRIES, Palmer Fixture Company, Euronics Industries Pvt Ltd, Jaguar Group Sdn. Bhd., Bio JetDrier, Bradley Corporation, TOTO LTD., JVD SAS, Jaquar & Company Pvt Ltd, SAVORTEX, Askon Engineers, Toshi Automatic Systems Pvt. Ltd., Penson & Co., European Tissue, Warner Howard, The Hygiene Company, Veltia UK, Modun, ALOYCO, Siemens.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Hand Dryers Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Hand Dryers Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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