Technavio, a tech-focused market research firm, has published a new report on the global paper towel dispenser market, which is expected to grow at a CAGR of close to 4% during the forecast period 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global paper towel dispenser market into the following key regions: APAC, Europe, North America, and ROW.
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Top three contributors for the global paper towel dispenser market are elaborated below
Paper towel dispenser market in Europe: The increasing number of foreign direct investment (FDI) projects and demand for offices, warehouses, and manufacturing units will help in the growth of the EMEA market. The exponential growth of the construction industry in Spain will additionally contribute increasing demand for paper towel dispensers installed in washrooms in the country.
According to Abhay Sinha, a lead analyst at Technavio, “The rise in the construction activity of new airports across Europe will boost the demand for paper towel dispensers in the region. Poland and Germany are countries that have the highest number of new constructions in the region. The development of the construction industry will help in the growth of the European market.”
Paper towel dispenser market in North America: The rising construction of new buildings, especially commercial buildings, shopping malls, office buildings, and industries will propel the demand for these dispensers in the North American market. Furthermore, increasing demand for leisure and business travel will initiate the construction of new hotels in the region and will result in the growth of the paper towel dispenser market in North America.
Paper towel dispenser market in APAC: Population growth and urbanization are the key factors attributing to the growth of the APAC market. The increasing hygiene awareness among the population of the region will fuel the demand for paper towel dispenser in the market. Japan, China, and India will emerge as the key revenue generating regions in the APAC market.
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The top vendors operating in the global paper towel dispenser market are:
- Kimberly-Clark
- SCA
Other prominent vendors in the market include Franke, Bobrick Washroom Equipment, Georgia-Pacific, San Jamar, American Specialties, Cintas, Dolphin Solutions, Palmer Fixture, Jaquar, and Cascades.
A more detailed analysis is available in the Technavio report titled, ‘Global Paper Towel Dispenser Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Electric Hand Dryers Market 2017-2021
- Global Electric Dryers Market 2016-2020
- Global Smart Bathroom Market 2016-2020
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