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Report Overview
The global hand dryer market reached approximately USD 1246.97 million in 2023. The market is projected to grow at a CAGR of 12.40% between 2024 and 2032, reaching a value of around USD 3570.68 million by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
- The shift towards sustainability and reducing paper waste is driving the adoption of hand dryers.
- Innovations such as high-speed drying, energy efficiency, HEPA filters, and antimicrobial technology are enhancing the appeal of hand dryers, thereby augmenting the growth of the hand dryer market.
- The Asia Pacific region is expected to experience significant growth due to urbanisation and infrastructure development.
Competitive Landscape
The hand dryer market players are concentrating on product innovation, efficiency in energy utilisation, and hygiene features to make utmost profits. This kind of hand dryer has faster drying times, greater energy efficiency, and advanced technologies that are attractive for the consumer led by awareness over environmental concerns as well as health factors. Other critical expansion strategies by the hand dryer companies are its entry into new markets and provision of customised solutions for businesses. It is also investing in strategic collaborations with commercial businesses to propel market presence and sales growth.
Key Market Players
Key industry leaders in this market are:
Mitsubishi Electric Corporation, headquartered in Tokyo, Japan, is an electronics and electrical equipment manufacturing company that is known for providing automotive equipment, air conditioning systems, and semiconductors and devices, among others.
American Specialties, Inc. is one of the leading manufacturers of toilet partitions, hand dryers, lockers and visual display products, and commercial washroom accessories.
Panasonic Corporation, headquartered in Osaka, Japan, is an appliance, electrical, and electronics manufacturing company known for providing a wide range of integrated solutions across food service, personal care, and automotive sectors.
Dyson Group is a multinational technology company founded in 1991. The company initially focused on developing vacuum cleaners but has since expanded its product range to include hand dryers, among others.
Other hand dryer market key players include Excel Dryer Inc., Bobrick Washroom Equipment, Inc., Hokwang Industries Co. Ltd, Palmer Fixture, Mediclinics S.A. (Saniflow Corporation), Zurn Group (World Dryer), and Euronics Industries Pvt Ltd, among others.
Hand Dryer Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market reached a value of approximately USD 1246.97 million in 2023.
The market is projected to grow at a CAGR of 12.40% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 3570.68 million by 2032.
The major market drivers include rising concerns about contaminants and harmful bacteria and energy efficient and easy to install nature of the hand dryers.
The key trends fuelling the growth of the market include increased adoption by commercial complexes and food service sector and development of hand dryers with advanced features.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The end uses of hand dryers include hotel, hospitals and clinics, food processing and service industry, commercial complexes, and office buildings, among others.
The major players in the market are Mitsubishi Electric Corporation, American Specialties, Inc., Panasonic Corporation, Excel Dryer Inc., Bobrick Washroom Equipment, Inc., Hokwang Industries Co. Ltd, Dyson Group, Palmer Fixture, Mediclinics S.A. (Saniflow Corporation), Zurn Group (World Dryer), and Euronics Industries Pvt Ltd, among others.
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