Hand Dryer Market | Leading Segments, Trends, Drivers and Challenges
Market Recovery and Growth Projections 2021-2025
Accelerating at a CAGR of over 6.01%, the Global Hand dryer market is expected to grow by $ 200.32 mn during the forecast period. Our research report offers growth projections of all the market segments, along with an in-depth analysis of all the factors that are likely to boost growth. This research also delves deep into issues that are likely to challenge market growth. This detailed analysis of the market will facilitate clients in planning a business strategy for the growth of their business in the post-pandemic era.
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Hand Dryer Market: Market Segments and Growth Forecasts
This research report will provide insights into the current market share of each segment along with growth projections for the next five years.
- Market is segmented by Product (hot air hand dryers and jet air hand dryers), End-user (hotels and restaurants, shopping malls and complex, and others), and Geography (Europe, North America, APAC, South America, and MEA).
- 44% of the market growth will originate from Europe during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Hand Dryer Market size.
Hand Dryer Market: Trends, Drivers, Challenges
The report also offers a detailed impact analysis of various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will equip clients to design a growth strategy for their business and area of operations.
- Innovation in product design, technology, and features will be a significant factor in driving the growth of the Hand Dryer Market.
- Rising concerns over wastepaper management will be instrumental in driving the market growth during the forecast period.
- High preference for paper towels is a hurdle that needs to be crossed on the path to success.
Hand Dryer Market: Vendor Analysis
- The market is fragmented.
- Bradley Corp., Dyson Ltd., Euronics Industries Pvt. Ltd., Excel Dryer Inc., JVD SAS, Mitsubishi Electric Corp., Panasonic Corp., Rexnord Corp., STIEBEL ELTRON GmbH and Co. KG, and Toto Ltd. are some of the major market participants.
- The unprecedented outbreak of COVID-19 in 2020 has had a significant impact on market segments had a ripple effect on various stakeholders. Our vendor analysis and insights will provide you with all the information required to make the most of the opportunities and plan business recovery and growth post the pandemic.
Key Areas Covered in our Report:
- Hand Dryer Market Split by Product
- hot air hand dryers
- jet air hand dryers
- Hand Dryer Market Split by End-user
- hotels and restaurants
- shopping malls and complex
- Hand Dryer Market Split by Geography
- North America
- South America
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- North America - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
- Competitive scenario
- Vendor landscape
- Landscape disruption
- Bradley Corp.
- Dyson Ltd.
- Euronics Industries Pvt. Ltd.
- Excel Dryer Inc.
- JVD SAS
- Mitsubishi Electric Corp.
- Panasonic Corp.
- Rexnord Corp.
- STIEBEL ELTRON GmbH and Co. KG
- Toto Ltd.
For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.
The report provides insights into the following FAQs:
- What is the market CAGR?
The market will accelerate at a CAGR of over 6.01%.
- What is the incremental growth of the market?
The market is expected to grow by $ 200.32 mn through 2021-2025.
- What is a key factor driving this market?
Innovation in product design, technology, and features will drive market growth over the forecast period.
- What are the key regions covered in this market research report?
Europe, North America, APAC, South America, and MEA are the key regions featured in this research report.
- Which is the leading geographic region for this market:
44% growth will originate from Europe
- Who are the leading market vendors?
The leading vendors in this market are Bradley Corp., Dyson Ltd., Euronics Industries Pvt. Ltd., Excel Dryer Inc., JVD SAS, Mitsubishi Electric Corp., Panasonic Corp., Rexnord Corp., STIEBEL ELTRON GmbH and Co. KG, and Toto Ltd.
- What are the market segments covered in this report?
The market is segmented by Product (hot air hand dryers and jet air hand dryers), End-user (hotels and restaurants, shopping malls and complex, and others), and Geography (Europe, North America, APAC, South America, and MEA)