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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.
Hand Dryer Market Growth
Energy-efficient, low-emission hand dryers are gaining traction due to sustainability and eco-friendly goals.
The growing demand in sustainability goals will be a niche driver for the hand dryer industry. Sustainability goals are becoming a part of governments and businesses, and thus, those hand dryers minimising energy consumption and carbon footprints find their way, driving the growth of hand dryer market. Dryers with low wattage motors and using environmentally friendly material find markets in sectors and consumers who value green building certifications and corporate initiatives in sustainability.
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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