Hand Dryers Market Research Report (2020-2025) Provides In-Depth Analysis by Scope, Growth Rate, Driving Factors, Competitive Situation, Top Manufacturers and Upcoming Trends. Hand Dryers Market report split global into several key Regions which mainly includes Market Overview, Table of Content, List of Figures and Applications. Hand Dryers Market Growing at Higher CAGR Rate of XX% between (2020-2025).
Summery:-
The global Hand Dryers Market size is expected to value at USD 1.59 billion by 2024. The market is subject to witness a substantial growth due to the growing adoption in various end-user industries such as hotels and restaurants, office buildings, educational institutes, shopping & commercial complex and multiplexes, railway station, and airports. In addition, environmental and economic advantages offered by hand dryers are expected to drive market demand for automated hand dryers.
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The key driving factors responsible for the growth of Hand Dryers market :
Additionally, factors responsible for robust growth in the hand dryers include growing demand for better hygiene in both residential and commercial applications and increasing need for cost-effective cleaning solutions. Introduction of automated and programmed hand dryers has led to development of work-efficient solutions, thereby propelling market growth, in the recent years. Globally, the hand dryers industry is predicted to grow at CAGR of 14.0% in the forecast period, providing numerous opportunities for market players to invest for research and development in the market.
The recent technological advancements and development of the novel products & technologies such as touch control and advanced sensor systems in order to enhance user experience is also expected to fuel revenue growth in the upcoming years. Moreover, shifting trends towards adoption of automated and intelligent hand dryers is positively impacting market growth, in the last few years. Other factors such as cost effectiveness and time saving capabilities of hand dryer market are predicted to drive the market growth of hand dryers over the forecast period.
The wall mounted hand dryers are gaining traction among various end-user segments such as airports, educational institute, hospitals, hotels and restaurants owing to the less space occupancy offered by these devices. Increasing demand for hand dryers is attributed to space occupancy concerns, majorly in compact restrooms with high traffic. The surface mounted hand dryers are adopted due to multiple advantages over wall mounted hand dryers such as easy installation and cost efficiency.
The hand dryers industry is broadly categorized into seven major segments based on the application type such as airports, educational institute, hospitals, hotels and restaurants, office buildings, railway stations, and shopping &commercial complex and multiplexes. The hotels and restaurants is considered as one of the fastest growing segment in the hand dryers market with substantial revenue generation in the last few years. Growing popularity of hand dryers in the hotels and restaurants segment is attributed to the massive growth in the hospitality sector, increase in the number of restaurants, pubs and hotels, and rise in tourism industry across the globe. The hospitals segment has also witnessed substantial growth owing to the rising concerns forhygiene & cleanliness coupled with increasing adoption of cost-effective solutions.
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Table of Contents:-
- Hand Dryers Market Overview
- Hand Dryers Market Competition by Manufacturers
- Hand Dryers Market Production, Revenue (Value) by Region (2014-2025)
- Hand Dryers Market Supply (Production), Consumption, Export, Import by Regions (2014-2025)
- Hand Dryers Market Production, Revenue (Value), Price Trend by Type
- Hand Dryers Market Analysis by Application
- Hand Dryers Market Manufacturers Profiles/Analysis
- Hand Dryers Market Manufacturing Cost Analysis
- Hand Dryers Market Industrial Chain, Sourcing Strategy and Downstream Buyers
- Hand Dryers Market Marketing Strategy Analysis, Distributors/Traders
- Hand Dryers Market Effect Factors Analysis
- Hand Dryers Market Research Findings and Conclusion
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