The global hand dryer market was valued at USD 879.070 million in 2019 and is expected to reach USD 1.89 billion by 2026, expanding at a CAGR of 11.5% during the forecast period, 2020–2026.

Ontario, CA -- (SBWire) -- 04/07/2020 --The global hand dryer market was valued at USD 879.070 million in 2019 and is expected to reach USD 1.89 billion by 2026, expanding at a CAGR of 11.5% during the forecast period, 2020–2026. This is attributed to their increasing demand in several end-use industries, which consists of airports, hotel and restaurants, hospitals, offices, and shopping malls. In 2018, the total number of hand dryers that were shipped, accounted for 3,122.7 thousand units. This number is expected to surpass 7,714.2 thousand units by 2026. Economic and Environmental profits generated by hand dryers are anticipated to fuel the product adoption.

Based on product types, the Global Hand Dryer Market is bifurcated into jet air and hot air. In 2019, the jet air segment accounted for over 60% share of the overall volume. The segment is expected to grow at a substantial pace during the forecast period. This is attributed to the surge in installation of these devices at airports, hotels & restaurants, office buildings, and shopping malls. The cost of jet air, as compared to hot air dryers, is high. This is likely to might restrict the demand for these devices in the coming years.

In terms of end-use industries, the market is fragmented into hotel & restaurant, airport, offices, shopping malls, and hospital. In 2018, the hotel and restaurant segment accounted for 26.9% share of the overall revenue. Its share is expected to rise during the forecast period. Expansion of the segment can be attributed to sudden growth increase in the number of restaurants, pubs, and hotels, and surge in tourism activities worldwide.

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Segment by Key players:
- American Dryer
- Dyson
- Excel Dryer
- Mitsubishi Electric
- World Dryer

Segment by Type:
- Jet-air
- Hot-air

Segment by Application:
- Hotel & Restaurant
- Airport
- Offices
- Shopping
- Malls and Hospital

Segment by Regions:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa

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Table of Content:

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Hand Dryer Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Hand Dryer Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Hand Dryer Market - Supply Chain
4.5. Global Hand Dryer Market Forecast
4.5.1. Hand Dryer Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Hand Dryer Market Size (000' Units) and Y-o-Y Growth
4.5.3. Hand Dryer Market Absolute $ Opportunity

5. Global Hand Dryer Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Hand Dryer Market Size and Volume Forecast by Type
5.3.1. Fabricated Frame
5.3.2. Tube and Coupler
5.3.3. Mobile
5.3.4. Pole
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Hand Dryer Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Hand Dryer Market Size and Volume Forecast by Application
6.3.1. Personal Decoration
6.3.2. Commercial Decoration
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Hand Dryer Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Hand Dryer Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Hand Dryer Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Hand Dryer Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Hand Dryer Demand Share Forecast, 2019-2029

Continued……

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