Global Electric Hand Dryers Market 2017-2021
About Electric Hand Dryers
The global electric hand dryers market is growing at a considerable rate, primarily because of the increased demand for eco-friendly appliances and the long-term cost-effectiveness that these appliances offer. With the increased awareness of the benefits of maintaining washroom hygiene, the market at present is growing at a relatively fast rate. Several research institutions and market vendors across the globe have started increasing their investments in this field. Even though developing these products require high initial investments, these are ultimately beneficial for end-users in terms of convenience.
Technavio’s analysts forecast the global electric hand dryers market to grow at a CAGR of 13.29% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global electric hand dryers market for 2017-2021. To calculate the market size, the report considers the revenue generated through the sales of electric hand dryers has been considered.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Electric Hand Dryers Market 2017-2021
Technavio recognizes the following companies as the key players in the global electric hand dryers market: American Dryer, Dyson, Excel Dryer, Mitsubishi Electric, and World Dryer.
Other Prominent Vendors in the market are: Askon Engineers, Bio JetDrier, HOKWANG INDUSTRIES, Taishan Jieda Electrical Industrial, Panasonic, and Palmer Fixture.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is focus on customization, design, and the aesthetic factor. Customization of products and services enables the creation of a unique value proposition and results in a differentiating factor in comparison to competitors' products. In the global electric hand dryers market, owing to the prevailing intense competition, manufacturers have started focusing on providing customization options to suit the needs of users.”
According to the report, one of the major drivers for this market is low cost of ownership and demand for sophistication. Electric hand dryers help reduce long-term cost on paper towels, disposal, and waste maintenance. Even though a hand dryer costs more than a paper towel dispenser in terms of purchase and installation, this cost is repaid within 6-7 months, which makes it a more economical choice in comparison to paper towels.
Further, the report states that one of the major factors hindering the growth of this market is issues with efficacy, noise, and skin irritation. Electric hand dryers often fail to achieve the desired result, which might lead to customer dissatisfaction. For people with sensitive skin, even light to moderate use of a hot air hand dryer can cause skin irritation. Some consumers have also reported that using hand dryers causes the skin to become excessively dry and rough, and triggers a burning sensation.
American Dryer, Dyson, Excel Dryer, Mitsubishi Electric, and World Dryer.