Hand dryers are devices that are used in almost all hotel washrooms for hygienically drying hands. They are eco-friendly devices as they are instrumental in saving paper and towels. The demand for hand dryers in hotels and restaurants is increasing due to the rapid growth in the hospitality industry across the world. Moreover, they are more cost-effective in comparison with paper towels, with several hotels replacing paper towels with hand dryers, not only to reduce their operational costs but also to add sophistication. Moreover, the growth of the tourism industry has led to an increase in the number of hotels globally, which has also triggered the demand for hand dryers.
MIR analysts forecast the global hand dryer market to grow at a CAGR of 13.36% during the period 2018-2022.
The report covers the present scenario and the growth prospects of the global hand dryer market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of hand dryer.
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Global Hand Dryer Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Hand Dryer Market Key Vendors Are: American Dryer, Dyson, Excel Dryer, Mitsubishi Electric, World Dryer.
Other Prominent Vendors in the market are: Askon Engineers, Bradley, HOKWANG INDUSTRIES, Taishan jieda Electrical Industrial, Palmer Fixture.
Hand Dryer Market Driver:
- Rise in concern over waste paper towel management
- For a full, detailed list, view our report
Hand Dryer Market Trends:
- Increased demand for hand dryers from developing regions
- For a full, detailed list, view our report
Browse Full Report and Related Details at: https://www.marketinsightsreports.com/reports/0119165629/global-hand-dryer-market-2018-2022
The Hand Dryer Market is divided into the following segments based on Geography:
This independent 122-Page report guarantees you will remain better informed than your competition. With approx 210 tables and figures examining the Hand Dryer Market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2021.
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Commenting on the report, an analyst from MIR team said: “The latest trend gaining momentum in the market is increased demand for hand dryers from developing regions. The demand for hand dryers from developing countries such as India and China is increasing due to the growth in the hospitality sectors. Increased investments and construction in developing countries propel the demand for hand dryers. The governments of developing countries are making efforts to improve the infrastructures of the countries, which is encouraging the development of high-facility malls and offices. There is an increased use of hand dryers in schools, hospitals, and restaurants, due to high health awareness and health concerns. Therefore, the market is expected to witness increased demand from developing regions during the forecast period.”
According to the report, one of the major drivers for this market is rise in concern over waste paper towel management. The growth in demand for better hygiene in public washrooms with the growing need for efficient disposal of tissue paper waste is driving the hand dyer market. Hand dryers help to reduce the long-term cost of paper towels, disposal, and waste maintenance. This is because hand dryers operate efficiently and are quite effective at eliminating the cost of buying, storing, and disposing of traditional restroom hand towels.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key Highlights of The Hand Dryer Market Report:
- The key details related to Hand Dryer Market like the product definition, cost, variety of applications, demand and supply statistics are covered in this report.
- Competitive study of the major Hand Dryer Market players will help all the market players in analyzing the latest trends and business strategies.
- The study of emerging Hand Dryer Market segments and the existing market segments will help the readers in planning the business strategies.
- Figure Global Production Market Share of Hand Dryer Market by Types and by Applications in 2017.
MarketInsightsReports provides syndicated market research reports to industries, organizations or even individuals with an aim of helping them in their decision making process. These reports include in-depth market research studies i.e. market share analysis, industry analysis, information on products, countries, market size, trends, business research details and much more. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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