A detailed analysis of the global electric hand dryer market and segmentation by product type (hot hand dryers and jet hand dryers). The report also outlines the market shares for key regions such as the APAC, Europe, North America, and ROW. American Dryer, Dyson, Excel Dryer, Mitsubishi Electric, and World Dryer are the top vendors analyzed in the report.
Technavio’s market research analysts estimate the global electric hand dryer market, to grow at a CAGR of around 12% between 2016 and 2020. The demand for eco-friendly appliances and increased awareness about washroom hygiene has led to the high adoption of electric hand dryers. Europe accounts for 50% of the overall market share, and Germany is the major revenue contributing country in this region. The EU has the largest number of hotels and restaurants, which is the main factor driving the growth of the electric hand dryer market in this region.
The new market research report from Technavio provides a breakdown and analysis of the electric hand dryer segments by technology.
“Manufacturers in the hand dryers market are offering customization to cater to the needs of the users. For instance, World Dryer introduced SMARTdri Plus energy efficient and high-speed hand dryer into the market. The intelligent and flexible controls of SMARTdri Plus allow customization of high-speed airflow, sound quality, and heating options. Another brand, Bio JetDrier offers various color options like red, white, blue, and silver to customers to fit any décor,” says Brijesh Kumar Chaubey, Lead Analyst, Consumer & Retail, Technavio Research.
The hot hand dryer segment dominates the electric hand dryer market, accounting for 63% of the overall market share. The demand for these dryers is much higher compared to jet hand dryers because they are less expensive. Restaurants, hotels, offices, hospitals, malls, and airports in APAC and ROW use hot hand dryers.
The key vendors in the global electric hand dryer market include American Dryer, Dyson, Excel Dryer, Mitsubishi Electric, and World Dryer. Manufacturers in the electric hand dryers market are continuously trying to address the challenges faced and launch several innovate products to cater to the need of the users. The competition in the present market scenario is fierce, hence continuous product innovation by vendors is the key factor to withstand the competition and enhance their market share. Some vendors are focusing on producing electric hand dryers that are both user-friendly and eco-friendly.
A more detailed analysis is available in the Technavio report, Global Electric Hand Dryer Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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