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.
View Full Table of
Contents of This Report @ https://www.millioninsights.com/industry-reports/hand-dryers-market
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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