Global Hand Dryer Market Is Set for a Rapid Growth and is Expected to Surpass USD 1.2 Billion by 2022
Sarasota, FL -- (SBWIRE) -- 02/09/2018 -- Zion Market Research has published a new report titled "Hand Dryer Market (Hot hand dryers and Jet hand dryers) Market for Hotel, Hospitals & Clinics, Food processing & Service Industry, Commercial Complexes, Office Buildings and Others Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 - 2022". According to the report, global hand dryer market accounted for USD 490.3 Million in 2014 and is forecasted to surpass USD 1.2 billion by 2022, growing at a CAGR of 12% between 2017 and 2022.
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Hand dryers are an electrical device generally appears in public washrooms for the purpose of drying hands hygienically. Hand dryers either operate automatically by using sensors or manually by using a push button. Almost five decades has pass out, the first revolution in the toilet facilities took place throughout the world with the appearance of the first hot air hand dryers. A new system for hand drying slowly became most popular and familiar due to its advantages, nowadays hardly you see toilet without hand dryers. Hand dryers play an important role in washroom hygiene. The dryers market has been evolving step by step, the hot air hand dryer concept evolved and a new concept was born with high speed, energy efficient hand dryer.
This report is based on in-depth qualitative and quantitative analyses of the global Hand Dryer market. Zion Research has collected and analyzed key data belong to the global Hand Dryer market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.
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The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.
Various parameters have been taken into account, while estimating market size. The revenue generated by the leading industry participants in from the sales of Hand Dryer across the world has been calculated through primary and secondary research.
Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association's magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc.
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For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in validation of findings from secondary research and to understand key trends in the Hand Dryer industry. Primary research makes up the major source of data collection and validation.
We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:
Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
Helps in validating and strengthening the secondary research findings
Further, develops the analysis team's expertise and market understanding
Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies
Participants who typically participate in such a process include, but are not limited to:
Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
Purchasing managers, technical personnel, distributors and resellers
Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets
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Key opinion leaders specializing in different areas corresponding to different industry verticals
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