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Report Overview
The global hand dryer market was valued at USD 1246.97 Million in 2023. The industry is expected to grow at a CAGR of 12.40% during the forecast period of 2024-2032. The primary driving factor of the market growth is increasing environmental awareness. Hand dryers have gained significant traction as a sustainable alternative to paper towels, which use trees for production, fill landfill space, and emit greenhouse gases. With increased emphasis on sustainability and eco-friendly practices, businesses have been actively utilizing hand dryers to reduce their footprints on the environment. Besides, they boast of government policies and regulations that encourage the use of sustainable practices in every industry worldwide. This has aided the market in attaining a valuation of USD 3570.70 Million by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
- Rising concern for sustainability among consumers and businesses is a lucrative trend for market growth. A report by Neilson suggests that 73% of global consumers claim to alter their consumption habits for reduced environmental impacts. Hand dryer companies can tap into this growing eco-conscious market with energy-efficient products that are low on power consumption and are produced with biodegradable materials. In addition, the demand for eco-friendly hand dryers is expected to increase because businesses and public institutions are now focusing more on sustainability initiatives. This would fit into the global reduction of waste and energy consumption.
- High-traffic businesses such as hospitals and public restrooms have significantly focused on cost efficiency. Paper towels can cost up to 20 times as much as a powerful cool jet air hand dryer and around two to three times as much as warm air hand dryers per month. From a business perspective, companies can use this insight and feature cost savings in marketing materials to target facility managers seeking to reduce the operational expense of their facilities.
- Hygiene has continued to be one of the key concerns for modern consumers that drive their purchasing decisions. This implies a broad opportunity for companies that can introduce products featuring HEPA filtration or antimicrobial surfaces. This is more likely to attract customers interested in extra health benefits at high-traffic places like hospitals, airports, and schools. These factors have collectively propelled the growth of the hand dryer market.
Hand Dryer Market Share
By Product Analysis
Hot hand dryers are widely used mainly because they are cost-efficient, dependable, and always consistent in giving the same results for any given commercial use. They offer great cost-effective ways of installing public hand dryers in restrooms for business use. As per hand dryer market analysis jet hand dryers are increasingly being used because of their high-speed drying and efficiency in energy usage. Their touchless features, faster time to dry, and low noise levels make them stand as the best machines with regard to safety and convenience in all environments.
Market Analysis by Operation
Push button hand dryers tend to be the most cost-effective option available in the market. These come up with touch-free contact sensors and find fairly extensive use for reduced cross-contact. These are majorly used in high-volume use areas such as airports, hospitals, or even shopping malls that emphasize the critical importance of cleanliness. Additionally, automatic hand dryers are technological developed with sensor accuracy and power efficiency. These are high in price, but they offer added comfort to conscious consumers with zero to no-contact contamination. Sales of push button and automatic driers at opposite ends of the spectrums are growing, focused equally on performance and hygiene.
Mounting Technique Insights
Wall mounted hand dryers are expected to account for a significant market share. These dryers can be mounted to a variety of walls including tiled, concrete, drywall, and brick walls, among others. They are also equipped with a high-speed motor and can be easily installed in compact spaces. The wall-mounted hand dryers are also more energy efficient as compared to their surface-mounted counterparts, supporting the segment growth. By using a wall-mounted hand dryer, users can avoid physical contact with surfaces, reducing the risk of germ transmission and some models also come with touchless sensors for enhanced hygiene. The surface-mounted segment is anticipated to grow at a steady rate in the hand dryer market. These hand dryers are often chosen for their robust construction and durability. Surface-mounted hand dryers are typically used in high-traffic areas where the hand dryer needs to withstand heavy usage.
By End Use Analysis
Commercial complexes hold the highest share of the global market. Commercial complexes include shopping malls, entertainment centers, airports, and other public spaces that experience high foot traffic. As per hand dryer market analysis, the frequent use of restrooms in hotels, hospitals, and clinics have also increasingly necessitated the installation of hand dryers for hygiene and convenience. Office buildings are also expected to witness significant growth in the market in the coming years. Office buildings, especially those in urban areas, have a large number of employees and visitors who use the restrooms daily. Hand dryers are preferred in these settings for their cost-effectiveness and ease of maintenance compared to paper towels.
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
In 2023, the market reached an approximate value of USD 1246.97 Million.
The hand dryer market is assessed to grow at a CAGR of 12.40% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024 and 2032 to reach a value of around USD 3570.70 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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124