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.
Analysts forecast the global electric hand dryers market to grow at a CAGR of 12.87% during the period 2018-2022.
hough electric hand dryers cost more than paper towel dispensers, they reduce the long-term costs by eliminating the expenses for paper towels, disposal, and waste maintenance. The automatic hand dryers use heated air, which makes them environment-friendly and are energy-efficient since they shut off when not in use. This will further reduce operational costs, in turn, driving market growth. Furthermore, the increasing focus of various end-users towards the adoption of hands-free soap dispensers, faucets, and even toilet paper dispensers to improve sanitation will also aid in the growth the electric hand dryers market.
Characterized by the presence of well-established vendors and other players in various geographical regions across the globe, the market appears to be fragmented and is highly competitive. To meet the constantly changing demands of the customers, major electric hand dryer manufacturers in the market are increasingly focusing on introducing innovative products. With the introduction of several products, the market’s competitive environment will further intensify during the predicted period. To sustain competition and increase their customer base in the commercial hand dryer market, vendors have the need to differentiate their product and service offerings through clear and unique value propositions.
In 2019, the market size of Electric Hand Dryers is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Electric Hand Dryers.
This report studies the global market size of Electric Hand Dryers, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Electric Hand Dryers production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
American Dryer
Dyson
Excel Dryer
Mitsubishi Electric
World Dryer
...
Market Segment by Product Type
Automatic hand dryers
Push-button hand dryers
Market Segment by Application
Hotels and restaurants
Shopping malls and complex
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the Electric Hand Dryers status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Electric Hand Dryers manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of Electric Hand Dryers are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Summary:
Get latest Market Research Reports on Electric Hand Dryers . Industry analysis & Market Report on Electric Hand Dryers is a syndicated market report, published as Global (United States, European Union and China) Electric Hand Dryers Market Research Report 2019-2025. It is complete Research Study and Industry Analysis of Electric Hand Dryers market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.