The
hand dryer market and it is poised to grow by USD 137.19
million during 2020-2024, progressing at a CAGR of over 4% during the forecast
period. The report offers an up-to-date analysis regarding the current market
scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of
various industries, the immediate impact of the outbreak is varied. While a few
industries will register a drop in demand, numerous others will continue to
remain unscathed and show promising growth opportunities. Technavio’s in-depth
research has all your needs covered as our research reports include all
foreseeable market scenarios, including pre- & post-COVID-19
analysis. Download a Free Sample Report on
COVID-19 Impacts
Frequently Asked Questions-
- Based on
segmentation by product, which is the leading segment in the market?
- The hot air hand dryers are
expected to be the leading segment in the global market.
- What are the major
trends in the market?
- Innovation in product
design, technology & features is one of the major trends in the
market.
- At what rate is
the market projected to grow?
- Growing at a CAGR of over
4%, the incremental growth of the market is anticipated to be USD 137.19
million.
- Who are the top
players in the market?
- Bradley Corp., Dyson Ltd.,
Euronics Industries Pvt. Ltd., Excel Dryer Inc., JVD SAS, Mitsubishi
Electric Corp., Panasonic Corp., Rexnord Corp., STIEBEL ELTRON GmbH &
Co. KG, and Toto Ltd. are some of the major market participants.
- What are the key
market drivers and challenges?
- Growth of hospitality
industry is one of the major factors driving the market. However, the high
preference for paper towels restraints the market growth.
- How big is the
Europe market?
- The Europe region will
contribute 43% of market growth.
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The market is fragmented, and the degree of fragmentation will
accelerate during the forecast period. Bradley Corp., Dyson Ltd., Euronics
Industries Pvt. Ltd., Excel Dryer Inc., JVD SAS, Mitsubishi Electric Corp.,
Panasonic Corp., Rexnord Corp., STIEBEL ELTRON GmbH & Co. KG, and Toto Ltd.
are some of the major market participants. The growth of the hospitality
industry will offer immense growth opportunities. To make most of the
opportunities, market vendors should focus more on the growth prospects in the
fast-growing segments, while maintaining their positions in the slow-growing
segments.
Buy 1 Technavio report and get the
second for 50% off. Buy 2 Technavio reports and get the third for free.
View market snapshot before
purchasing
Technavio's custom research reports offer detailed insights on the impact
of COVID-19 at an industry level, a regional level, and subsequent supply chain
operations. This customized report will also help clients keep up with new
product launches in direct & indirect COVID-19 related markets, upcoming
vaccines and pipeline analysis, and significant developments in vendor
operations and government regulations.
Hand Dryer Market 2020-2024: Segmentation
Hand Dryer Market is segmented as below:
- Product
- Hot Air Hand Dryers
- Jet Air Hand Dryers
- Geography
- Europe
- North America
- APAC
- South America
- MEA
- Operation
- Automatic Hand Dryers
- Push-button Hand Dryers
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