Global Hand Dryer Market 2018-2022
About Hand Dryer
Hand dryers are devices that are used in almost all hotel washrooms for hygienically drying hands. They are eco-friendly devices as they are instrumental in saving paper and towels. The demand for hand dryers in hotels and restaurants is increasing due to the rapid growth in the hospitality industry across the world. Moreover, they are more cost-effective in comparison with paper towels, with several hotels replacing paper towels with hand dryers, not only to reduce their operational costs but also to add sophistication. Moreover, the growth of the tourism industry has led to an increase in the number of hotels globally, which has also triggered the demand for hand dryers.
Technavio’s analysts forecast the global hand dryer market to grow at a CAGR of 13.36% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global hand dryer market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of hand dryer.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Hand Dryer Market 2018-2022
Technavio recognizes the following companies as the key players in the global hand dryer market: American Dryer, Dyson, Excel Dryer, Mitsubishi Electric, and World Dryer.
Other Prominent Vendors in the market are: Askon Engineers, Bradley, HOKWANG INDUSTRIES, Taishan jieda Electrical Industrial, and Palmer Fixture.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is increased demand for hand dryers from developing regions. The demand for hand dryers from developing countries such as India and China is increasing due to the growth in the hospitality sectors. Increased investments and construction in developing countries propel the demand for hand dryers. The governments of developing countries are making efforts to improve the infrastructures of the countries, which is encouraging the development of high-facility malls and offices. There is an increased use of hand dryers in schools, hospitals, and restaurants, due to high health awareness and health concerns. Therefore, the market is expected to witness increased demand from developing regions during the forecast period.”
According to the report, one of the major drivers for this market is rise in concern over waste paper towel management. The growth in demand for better hygiene in public washrooms with the growing need for efficient disposal of tissue paper waste is driving the hand dyer market. Hand dryers help to reduce the long-term cost of paper towels, disposal, and waste maintenance. This is because hand dryers operate efficiently and are quite effective at eliminating the cost of buying, storing, and disposing of traditional restroom hand towels.
American Dryer, Dyson, Excel Dryer, Mitsubishi Electric, World Dryer, Askon Engineers, Bradley, HOKWANG INDUSTRIES, Taishan jieda Electrical Industrial, and Palmer Fixture.
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