Hand Dryer Market Size, Share, Trends, Growth 2032

Hand Dryer Market

Hand Dryer Market By Type (Hot Hand Dryers and Jet Hand Dryers), By Application (Hotel, Hospitals & Clinics, Food Processing & Service Industry, Commercial Complexes, and Others), and By Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2024 - 2032

Category: Consumer Goods Report Format : PDF Pages: 167 Report Code: ZMR-2001 Published Date: Nov-2024 Status : Published
Market Size in 2023 Market Forecast in 2032 CAGR (in %) Base Year
USD 857.2 Million USD 2821.34 Million 12.7% 2023

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.

Hand Dryer Market SizeRequest Free Sample

Hand Dryer Market: Overview

A hand dryer is an electric machine that uses 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 providing technology solutions that increase efficiency, reduce energy consumption, and are low on maintenance costs. 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 of the value chain of the hand dryer market, where key players and vendors are facing problems due to poor logistics, and restrictions on public movement in affected countries across the globe, which can lead to supply disruptions. Trade restrictions imposed by several economies to curb the outbreak of COVID-19 have significantly affected 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 the short term.

Hand Dryer Market: Growth Factors

Increasing awareness about operational price is powering the growth of the hand dryer market. The swiftly growing hospitality sector with an elevation in the number of pubs and restaurants & hotels indirectly is powering the development of the 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 the hospitality industry and food service sector is also one of the reasons that bolstered the development of the hand dryer market.

In addition to this, rising investment and R&D performed by market players are 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 a water evaporation system thereby, powering the development of the hand dryer market.

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Hand Dryer Market: Segmentation Analysis

By Type Segment Analysis Preview

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

By Application Segment Analysis Preview

The food processing sector is likely to develop considerably in the global market during the forecast period. The 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

Report Attributes Report Details
Report Name Hand Dryer Market
Market Size in 2023 USD 857.2 Million
Market Forecast in 2032 USD 2821.34 Million
Growth Rate CAGR of 12.7%
Number of Pages 167
Key Companies Covered American Dryer, Inc., Bradley Corporation, Dyson Ltd., Electrostar Gmbh, Excel Dryer, Inc., Mitsubishi Electric Corporation, and World Dryer Corporation
Segments Covered By Type, By Applications, and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2023
Historical Year 2018 to 2022
Forecast Year 2024 - 2032
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

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

Global Hand Dryer Market ValueRequest Free Sample

Key Market Players & Competitive Landscape

The major players operating the 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

Table Of Content

Methodology

FrequentlyAsked Questions

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.

Some of the key factors driving the global Hand Dryer Market growth are Increasing awareness about operational price and increasing adoption of hand dryers.

Europe stood as 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.

Some of the major players of global Hand Dryer market American Dryer, Inc., Bradley Corporation, Dyson Ltd., Electrostar Gmbh, Excel Dryer, Inc., Mitsubishi Electric Corporation and World Dryer Corporation.

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