Global Electric Hand Dryers Market to Witness Growth through 2021, Owing to Increased Emphasis on Hygiene and Cost-effectiveness, Says Technavio

 

The global electric hand dryers market is expected to grow at a CAGR of more than 13% during the forecast period. This research report titled ‘Global Electric Hand Dryers Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes an up to date analysis and forecasts for various market segments and all geographical regions.

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The research analysis categorizes the global electric hand dryers market into three major end-user segments. They are:

·         Hotels and restaurants

·         Shopping malls

·         Others

Global electric hand dryers market in hotels and restaurants

In the commercial sector, the hotels and restaurants segment had the largest share of the overall market in 2016, at 38%. This can be attributed to the rapidly growing hospitality industry across the world with an increasing number of restaurants and hotels. Hand dryers are much more cost-effective in comparison to paper towels and several hotels have been replacing paper towels with hand dryers, not only to reduce their operational costs but also to add sophistication. For instance, Ibis Singapore on Bencoolen replaced its paper towels with Dyson Airblade hand dryers, Dyson Airblade dB, and Dyson Airblade Tap hand dryers. This shift not only reduced the hotel's operational costs (the hotel has been able to save 32 rolls of paper towels per month from guest washrooms and 12 rolls from staff washrooms), but it also proved to be successful in enhancing its guests' experience.

“To increase the adoption of hand dryers in hotels and restaurants, manufacturers are focusing on acquiring certifications from the Green Restaurant Association and Green Hotels Associations,” says Poonam Saini, a lead analyst at Technavio for home, kitchen and large appliances research.

Global electric hand dryers market in shopping malls

The global electric hand dryers market in shopping malls and complex is expected to grow at a CAGR of more than 14% during the forecast period. In 2016, with a share of 23%, the shopping malls and complex segment accounted for the second-largest portion of the overall market.

An increased emphasis on lowering operational costs, along with rising focus on using eco-friendly products, will propel the market's growth during the forecast period. In addition, the growing focus on ways to reduce the generation of paper waste and increasing government initiatives to maintain public toilets will help in the growth of this market.

Global electric hand dryers market in other segments

The others segment includes hospitals, airports, educational institutions, office buildings, railways stations, other retail formats, and residential buildings. This segment is expected to grow at a CAGR of over 14%, during the forecast period.

“The demand for hand dryers from the hospitals segment is growing with the increasing awareness of the benefits of maintaining hygiene and the cost-effectiveness of these products,” says Poonam.

Technological advances such as the cold plasma technology used in eXtremeAir CPC hand dryers, which help kill germs such as E. coli, MRSA, C. difficile, Staphylococcus, and Salmonella, are further helping in the growth of the market.

In addition to hospitals, hand dryers, especially the ones that generate low noise, are being installed in several institutions. Some examples of educational institutions where eXtremeAir hand dryers are used are the Central Michigan University, the University of Massachusetts, and the University of Michigan.