Global Electric Hand Dryers Market 2017-2021

Global outlook of the electric hand dryers market

Technavio’s market research analysts predict the global electric hand dryers market to grow steadily during the forecast period and post a CAGR of more than 13% by 2021. This industry research report identifies benefits such as low cost of ownership and the demand for sophistication to be some of the major factors that will have a positive impact on the growth of this market in the coming years. Though 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.

This market research and analysis estimates that in terms of geographical regions, Europe will be the major revenue contributor to the commercial hand dryer market throughout the next four years. The growth of the commercial sector in the region and the increasing focus of the European Union towards the development of a sustainable environment with emphasis on energy efficiency and reducing carbon footprint will bolster the market’s growth prospects in the coming years.

Competitive landscape and key vendors

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.

The leading vendors in the market are -

• American Dryer
• Dyson
• Excel Dryer
• Mitsubishi Electric
• World Dryer

The other prominent vendors in the market are Askon Engineers, Bio JetDrier, HOKWANG INDUSTRIES, Taishan Jieda Electrical Industrial, Panasonic, and Palmer Fixture.

Segmentation by operation and analysis of the electric hand dryers market

• Automatic hand dryers
• Push-button hand dryers

During 2016, the automatic hand dryers segment accounted for the major market shares and dominated the market. Though push-button hand dryers are cost-effective, the advantages of automatic dryers such as increased hygiene and energy efficiency will result in the increased preference of customers toward automatic hand dryers.

Segmentation by end-users and analysis of the electric hand dryers market

• Hotels and restaurants
• Shopping malls and complex

According to this industry research report, the demand for electric hand dryers was mainly from the hotels and restaurants segment during 2016. The growth of the hospitality industry due to the rise in the number of restaurants and hotels across the world and the increasing focus of the vendors to acquire certifications from the Green Restaurant Association and Green Hotels Associations will increase the adoption of restroom hand dryers in hotels and restaurants.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global electric hand dryers market?
• What are the key market trends impacting the growth of the global electric hand dryers market?
• What are the challenges to market growth?
• Who are the key vendors in the global electric hand dryers market?
• What are the market opportunities and threats faced by the vendors in the global electric hand dryers market?
• Trending factors influencing the market shares of the Americas, APAC, Europe, and MEA.
• What are the key outcomes of the five forces analysis of the global electric hand dryers market?

Technavio also offers customization on reports based on specific client requirement.

Related reports

• Global Electric Dryers Market 2016-2020
• Global Industrial Dryers Market 2016-2020
• Global Gas Dryer Market 2016-2020