The global Hand Dryer Market is expected to witness a jump in revenue from US$ 1,014.4 Mn in 2021 to US$ 2,928 Mn by 2030. The market is registering a CAGR of 12.82% during the forecast period 2022-2030. In terms of volume, the market is registering growth at a CAGR of 9.74% during the forecast period. A hand dryer is an electric device that is used to dry wet hands by blowing air. The machine is used in public toilets as a cost-effective alternative to paper towels. Hand dryers are fast, economical, and more hygienic as compared to paper towels.
The growing impetus of the global hand dryer market is attributed to factors such as growing demand for environmentally friendly devices and a rise in construction activities. Hand washing is an essential part of cleanliness and hand dryers take us one step closer to hygiene. The technology is contributing towards saving the environment with the mission to replace paper towels with hand dryers. Paper towels release 162% more carbon dioxide than hand dryers while manufacturing. In addition, paper towels are left on the floors and sink several times and consequently, it increases the speed of germ or infection spread. Furthermore, the demand for automatic hand dryers has been increasing in schools, colleges, and workplaces owing to various benefits such as cutting down on waste disposal expenses, lower carbon emissions, energy-saving, and durability. However, the high installation cost of hand dryers poses a big challenge to the growth of the hand dryer market.
Key Insights of the Report:
Hands- in dryer product segment has the highest share in the Global Hand Dryer Market
In terms of product, the global hand dryer market is segmented into the hands-in dryer and hands-under dryer. The hands-in dryer product segment has the highest share in 2021 and will continue to dominate the hand dryer market during the forecast period due to the rise in its installation at hotels, airports, restaurants, office buildings, and shopping malls. Hands-in dryer efficacy comprises drying efficiency, effective bacteria eradication, and cross-contamination prevention.
Jet hand dryers dominate the global hand dryer market in terms of drying mechanism
Based on the drying mechanism, the market is segmented into hot hand dryers, jet hand dryers, and hybrid. Out of these, the jet hand dryer segment has the highest share in the Global Hand Dryer Market in 2021 as jet hand dryers have high efficiency and use less energy. They usually provide a more effective result in less time than hot air hand dryers. Also, due to its inexpensive cost, jet hand dryers are being installed at a higher rate in public restrooms, schools, shopping malls, and educational institutions. The expanding acceptance of these items is expected to be aided by rising consumer income and increased understanding of the benefits offered by these products.
Automatic hand dryers have the fastest CAGR in the Global Hand Dryer Market during the forecast period
In terms of automation, the market is segmented into automatic and manual. The automation segment has the fastest CAGR in the Global Hand Dryer Market during the forecast period 2022-2030, as fully automatic devices do not require any human interaction to operate, which is the primary driver of this segment's growth. Moreover, automatic hand dryers are more hygienic than push-button hand dryers.
The hospitality industry is the highest end-user of the Global Hand Dryer Market
Based on end-users, the global hand dryer market is segmented into healthcare, hospitality, commercial spaces, industrial, offices, airports, educational enterprises, government spaces, and others. In 2021, the hospitality industry accounted for the highest share in the Global Hand Dryer Market. This can be attributed to the hospitality industry's rapid expansion due to an increase in the number of restaurants, bars, and hotels, as well as increased tourism activities around the world.
Europe dominates the Global Hand Dryer Market in 2021
Europe has the highest share in the global hand dryer industry in 2021, owing to the growing acceptance of environmentally friendly, cost-effective, and hassle-free gadgets. However, Asia Pacific records the fastest CAGR during the forecast period 2022-2030. This is due to the increasing infrastructure in countries such as China, India, and Thailand, as well as increased awareness of the benefits of technologically advanced gadgets.
Competitive Landscape
The key players in the global hand dryer market are American Dryer, LLC, Dyson, Bradley Corporation, Jaguar Group Sdn. Bhd, Excel Dryer Inc., Mitusubishi electric, World Dryer, and Electrostar among others. Through extensive research, it is found that big players have adopted various competitive strategies such as mergers & acquisitions in order to have a grip on the emerging markets.
Segmentation Overview of the Global Hand Dryer Market
Following are the segments of the global hand dryer market:
By Product segment of the Global Hand Dryer Market is sub-segmented into:
By Drying Mechanism segment of the Global Hand Dryer Market is sub-segmented into:
By Automation segment of the Global Hand Dryer Market is sub-segmented into:
By Mounting Technique segment of the Global Hand Dryer Market is sub-segmented into:
By End User segment of the Global Hand Dryer Market is sub-segmented into:
By Region segment of the Global Hand Dryer Market is sub-segmented into:
Report Attribute | Details |
---|---|
Market Size Value in 2021 | US$ 1,014.4 Mn |
Expected Revenue in 2030 | US$ 2,928 Mn |
Historic Data | 2017-2020 |
Base Year | 2021 |
Forecast Period | 2022-2030 |
Unit | Value (USD Mn) |
CAGR | 12.82% |
Segments covered | By Product, Drying Mechanism, Automation, Mounting Technique, End User, and Region |
Key Companies | American Dryer, LLC, Dyson, Jaguar Group Sdn. Bhd, and other prominent players. |
Customization Scope | Get your customized report as per your preference. Ask for customization |
A hand dryer is an electric device with key function to dry wet hands by blowing air. The machine is majorly used in public toilets as a cost-effective alternative to paper towels.
Hand dryers are faster, economical, and more hygienic as compared to paper towels.
An electric hand dryer is more hygienic than conventional towels because it uses warm air, and users are not required to come in direct contact with the machine. Some companies claim that warm air that blows from hand dryer can kills bacteria present on hands.
Global Hand Dryer Market was valued at US$ 1,014.4 Mn in 2021.
Global Hand Dryer Market is estimated to expand at a CAGR of 12.82% during the forecast period 2022-2030.
Factors such as growing demand for environment-friendly devices and rise in construction activities are driving the Global Hand Dryer Market.
High installation cost of hand dryers pose a key challenge to the growth of hand dryer market.
Global Hand Dryer Market is segmented based on product, drying mechanism, automation, mounting technique, end user, and region.
Jet hand dryer segment has the highest share in the Global Hand Dryer Market in 2021.
Hospitality industry is the highest end user industry in the Global Hand Dryer Market in 2021.
Europe dominates the Global Hand Dryer Market.
The key players in the global hand dryer market are American Dryer, LLC., Dyson, Excel Dryer Inc., Mitusubishi electric, World Dryer and Electrostar among others.
COVID-19 pandemic resulted in greater adoption of hand dryers as part of preventive measure which positively impacted the growth of hand dryer market.