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The electric hand dryers market size is forecast to increase by USD 206.01 million at a CAGR of 5.94% between 2023 and 2028.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Automatic electric hand dryers, equipped with sensors and high-speed airflow, offer touch-free drying solutions in various sectors, including Hotels, Hospitals and Clinics, Commercial complexes, and Office buildings. Infrared and capacitive sensors are the two primary types, with infrared sensors using interruption of light by hands to trigger the dryer, and capacitive sensors measuring electric field changes caused by hand proximity. Infrared sensors are widely adopted due to cost-effectiveness and elimination of shared surfaces, while capacitive sensors provide high accuracy. Notable hand dryer manufacturers, such as Panasonic Corp, cater to this market in the LAMEA region. Automatic hand dryers contribute significantly to maintaining hygiene and reducing contamination risks in public spaces.
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The automatic hand dryers segment was valued at USD 444.52 million in 2018 and showed a gradual increase during the forecast period.
Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The European market is experiencing significant growth due to increasing demand from various end users, including the food processing and service industries, commercial complexes, airports, hotels, and restaurants. This trend is driven by the preference for advanced technological products, such as electric hand dryers, smart toilets and heightened hygiene concerns. Operating costs and hand-drying time are essential factors influencing the market's growth. New technology, such as eco-friendly hand dryers, is gaining popularity as customers increasingly demand sustainable solutions. The market in Europe is poised for continued growth, offering opportunities for businesses and investors.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increasing concerns over wastepaper management is the key driver of the market.
Emergence of smart electric hand dryers is the upcoming trend in the market.
Increasing noise pollution and skin irritation caused by electric hand dryers is a key challenge affecting the market growth.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, market forecast , partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market encompasses a wide range of products designed to provide a convenient, efficient, and hygienic solution for drying hands in various public and commercial spaces. This market caters to the demands of end users, who seek to maintain a clean and sanitary environment while minimizing operating costs. Hand dryers offer several advantages over traditional paper towels and wet tissues. They provide a more hygienic environment as they eliminate the need for touching and disposing of wet paper towels. Additionally, they offer a more eco-friendly alternative, reducing the amount of paper waste and the associated environmental impact.
Furthermore, customer demands for quick drying times, low noise levels, and eco-friendly technology have led to the development of new hand dryer technologies. These innovations include high-speed hand dryers, which provide faster drying times, and eco-friendly models that consume less energy. Product customizations are also a significant trend in the electric hand dryer market. Customizations can include corporate logos, messages, and digital imaging technology, allowing businesses to promote their brand and create a unique identity in restrooms. Despite the advantages of electric hand dryers, their high initial investment can be a barrier to entry for some businesses. However, the long-term cost savings, especially when compared to the ongoing cost of paper towels and waste disposal, make them a competitive value in the long run.
In addition, the supply of materials for electric hand dryers includes body materials, control circuitry, wires, hand dryer heaters, hand proximity sensors, indicators & switches, and motors. Raw material suppliers and product assemblers play a crucial role in ensuring a steady supply of high-quality components for the production of electric hand dryers. Sales and distribution channels for electric hand dryers include direct sales, distributors, and e-commerce platforms. The market is competitive, with various players offering different product features, prices, and value propositions. Hand dryer features include push button and automatic operation, hot hand dryers, jet hand dryers, and touchless interaction.
Moreover, these features cater to different user preferences and requirements, making electric hand dryers a versatile solution for various industries such as hotels, healthcare clinics, commercial complexes, office buildings, and schools. Efficiency and health concerns are key drivers in the electric hand dryer market. With the increasing awareness of the importance of maintaining a clean and sanitary environment, electric hand dryers offer a more hygienic and efficient solution compared to paper towels. Additionally, travelers and those on the go appreciate the convenience and speed of electric hand dryers, making them a popular choice in airports, train stations, and other public transportation hubs.
Market Scope |
|
Report Coverage |
Details |
Page number |
153 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.94% |
Market growth 2024-2028 |
USD 206.01 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
5.45 |
Key countries |
US, China, UK, Germany, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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