The global hand dryer markets have certainly changed over recent years and is expected register high growth in the forecoming years. Major factors driving growth of the global hand dryer markets advances in technology such as eco-friendly hair dryer device. In addition, increasing consumer demand for convenience, rising disposable income, growing environmental concerns due to huge volume of paper towel waste, increased installation of hand dryer at various places such as hospital, offices, mall, food industry etc. are factors driving growth of the global online grocery market.
The global hand dryer market report has been segmented on the basis of type, end user, and region.
On the basis of type, the global hand dryer market has been segmented into hot hand dryer and jet hand dryer. The jet hand dryer is estimated to account for significant market due to high adoption across world.
On the basis of end user, the global hand dryer market has been segmented into hotel, hospitals & clinics, food processing and service, office buildings, and others including railway stations, airports, education institutes, common public restroom. The food processing and service end user segment is estimated to account for significant market in global hand dryer market. However, hospitals & clinics is projected to register highest CAGR in the forecasted years owing to increased number of installation of hand dryer in this end user vertical.
On the basis of region, the global hand dryer markets segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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In 2017, North America hand dryer market is expected to account for major share in the global market in terms of revenue, and is expected to maintain its dominance over the forecast period, due to growing awareness regarding sanitation and demand for convenience lifestyle by people in countries in this region. However, Asia Pacific hand dryer market is projected to register highest CAGR in the next five years.
Key players operating in the global hand dryer market include Dyson Ltd, Mitsubishi Electric Corporation, Taishan Jieda Electric Appliance Products Co Ltd, Panasonic Corporation, Excel Dryer Inc., World Dryer Corporation, American Dryer Corporation, TOTO Ltd., Palmer Fixture, and Hokwang Industries Co., Ltd.