MarketResearchNest.com
adds “Global Automatic Hand Dryer Market
Growth 2019-2024”new report to its research database.
Automatic hand dryers are electric machines found in public
bathrooms. They may either operate with the push of a button or automatically
using a sensor. Hand washing is an important part of hygiene, and so an
effective method of drying the hands is necessary.
The high growth rate due to the adoption in various end-use
industries including hotels and restaurants, office buildings, educational
institutes, shopping and commercial complex and multiplexes, railway station,
and airports. The ecological and economic benefits offered by hand dryers are
also anticipated to fuel the product adoption.
On the basis of product type, automatic hand dryers are categorized
into hot hand dryer and jet hand dryer. Jet hand dryers accounted for 49.32%
revenue share in 2017 and are estimated to grow at a CAGR of more than 16.5%
over the forecast period. This can be primarily attributed to the increasing
installation at airports, hotels and restaurants, office buildings, and
shopping complexes. The high cost associated with jet air as compared to hot
air variants may hinder the product demand in the near future.
The hotel and restaurant end-use segment accounted for more
than 60% of the overall market share in 2017, which is estimated to increase
over the forecast period. This can be attributed to the rapid growth in the
hospitality industry on account of surge in the number of restaurants, pubs,
and hotels paired with the increasing tourism activities worldwide.
The European hand dryers market is anticipated to be a major
regional segment owing to the growing adoption of eco-friendly, hassle-free,
and cost effective devices. This region accounted for over 34.6% of the overall
revenue share in 2017 and is estimated to grow at a CAGR of more than 13.6%
over the forecast period. The demand in Asia-Pacific is estimated to show
robust growth on account of the developing infrastructure in countries
including China, India, and Thailand coupled with the increasing awareness of
the benefits of using technologically advanced devices. This region accounted
for over 29% of the overall revenue share and is estimated to grow at a CAGR of
more than 17% over the forecast period.
According to this study, over the next five years the
Automatic Hand Dryer market will register a 15.3% CAGR in terms of revenue, the
global market size will reach US$ 940 million by 2024, from US$ 400 million in
2019. In particular, this report presents the global market share (sales and
revenue) of key companies in Automatic Hand Dryer business, shared in Chapter
3.
This report presents a comprehensive overview, market
shares, and growth opportunities of Automatic Hand Dryer market by product
type, application, key manufacturers and key regions and countries.
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This study considers
the Automatic Hand Dryer value and volume generated from the sales of the
following segments:
Segmentation by
product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to
2024 in section 11.7.
·
Hot Air
Dryer
·
Jet Air
Dryer
Segmentation by
application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to
2024 in section 11.8.
·
Commercial
Complex
·
Restaurants
·
Hospitals
·
Hotels
·
Others
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contents and data tables @
This report also
splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas, United States, Canada, Mexico, Brazil, APAC,China,
Japan, Korea, Southeast Asia, India, Australia, Europe, Germany, France, UK,
Italy, Russia, Spain, Middle East and Africa, Egypt, South Africa,Israel,
Turkey, GCC Countries
The report also
presents the market competition landscape and a corresponding detailed analysis
of the major vendor/manufacturers in the market. The key manufacturers covered
in this report: Breakdown data in in Chapter 3.
·
Panasonic
·
Dyson
·
Siemens
·
Toto
·
AIKE
·
Excel Dryer
·
Jaquar Group
·
World Dryer
·
American Dryer
·
DIHOUR
·
Mitsubishi Electric
·
Saniflow Hand Dryer
·
Bobrick
·
SPL
·
JVD
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In addition, this report discusses the key drivers
influencing market growth, opportunities, the challenges and the risks faced by
key players and the market as a whole. It also analyzes key emerging trends and
their impact on present and future development.
Research objectives
·
To study and analyze the global Automatic Hand
Dryer consumption (value and volume) by key regions/countries, product type and
application, history data from 2014 to 2018, and forecast to 2024.
·
To understand the structure of Automatic Hand
Dryer market by identifying its various subsegments.
·
Focuses on the key global Automatic Hand Dryer
manufacturers, to define, describe and analyze the sales volume, value, market
share, market competition landscape, SWOT analysis and development plans in
next few years.
·
To analyze the Automatic Hand Dryer with respect
to individual growth trends, future prospects, and their contribution to the
total market.
·
To share detailed information about the key
factors influencing the growth of the market (growth potential, opportunities,
drivers, industry-specific challenges and risks).
·
To project the consumption of Automatic Hand
Dryer submarkets, with respect to key regions (along with their respective key
countries).
·
To analyze competitive developments such as
expansions, agreements, new product launches, and acquisitions in the market.
·
To strategically profile the key players and
comprehensively analyze their growth strategies.
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