Hand Dryer Market Size, Share, Trends, Growth 2032

Hand Dryer Market Insights

Zion Market Research has published a report on the global Hand Dryer Market, estimating its value at USD 857.2 Million in 2023, with projections indicating that it will reach USD 2821.34 Million by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 12.7% over the forecast period 2024-2032. The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Hand Dryer Market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

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Hand Dryer Market: Market Overview

A hand dryer is an electric machine which is as heating element and an air blower to dry the hands after handwashing. The machine is used in public toilets as a cost-effective alternative to paper towels. The raw materials for the hand dryer include body material, control circuitry, wires, hand dryer heater, hand proximity sensor, and indicators & switches. The machine is usually used in hotels, malls, offices, hospitals, and clinics.

The giant players in the market are increasingly emphasizing on providing technology solutions that increase efficiency, reduce energy consumption, and are low on maintenance cost. The players in the industry are investing heavily in R&D to develop innovative products in an attempt to obtain a competitive edge.

COVID-19 Impact Analysis:

The COVID-19 pandemic has placed the consumer electronics and home appliances industry under immense financial strain. The raw material supply is one of the major parts in the value chain of the hand dryer market, where key players and vendors are facing the problems due to poor logistics, and restrictions on public movement in affected countries across globe, which can lead to supply disruptions. Trade restrictions imposed by several economies to curb the outbreak of COVID-19 has significantly affected the logistics and transportation, which, in turn, is likely to have a negative impact on the hand dryer market.

The significant decrease in the hand dryer market size in 2020 is estimated on the basis of the COVID-19 outbreak and its impact on the economies and industries. Various scenarios have been analyzed on the basis of inputs from various secondary sources and the current data available about the situation. These scenarios were discussed with the consumer industry experts. However, this pandemic spread is anticipated to affect for a short term.

Hand Dryer Market: Growth Factors

Increasing awareness about operational price is powering the growth for hand dryer market. Swiftly growing hospitality sector with an elevation in the number of pubs and restaurants & hotels indirectly is powering the development for hand dryer market. The increasing adoption of hand dryers is likely to foster the development of the global market. The need to meet cleanliness standards for hospitality industry and food service sector is also one of the reasons that bolstering the development of hand dryer market.

In addition to this, rising investment and R&D performed by market players is also set to thrive in the global market. For example, in July 2018, Dryflow Vapordri, one of the quickest developing hand dryers in the world patented water evaporation system thereby, powering the development of hand dryer market.

Type Segment Analysis Preview

Global hand dryer market is divided into the two basic kinds of product such as jet hand dryers and hot hand dryers segments. Hot hand dryer market is ruling in terms of volume with over 60% share of the global market owing to its Hygienic nature and low-price benefits. Increasing number of restaurants, food outlets, and Food Park in food processing industry are powering the development of hand dryer market.

Application Segment Analysis Preview

The food processing sector is likely to develop considerably in the global market during the forecast period. Clinics & hospitals sector is one of the quickest growing segments in the hand dryer market, developing at 10.1% CAGR in the years to come.

Hand Dryer Market: Report Scope

Hand Dryer Market: Regional Preview

Based on region, Europe stood as the biggest area for the hand dryer market and is likely to develop considerably owing to prominent requirement from France, the U.K., Italy, and Germany among others. North America is a second-biggest area in terms of volume for hand dryer market. Asia Pacific is likely to show healthy development owing to health awareness and developing infrastructure development in nations such China and India.

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Key Market Players & Competitive Landscape

The major players operating Hand Dryer market are

• American Dryer, Inc
• Bradley Corporation
• Dyson Ltd
• Electrostar Gmbh
• Excel Dryer, Inc
• Mitsubishi Electric Corporation
• World Dryer Corporation

The global Hand Dryer market is segmented as follows:

By Type

• Hot hand dryers
• Jet hand dryers

By Applications   

• Hotel
• Hospitals & Clinics
• Food processing & Service Industry
• Commercial Complexes
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa