Enjoy complimentary customisation on priority with our Enterprise License!
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. Several factors play a crucial role in the market's growth, such as the increasing concerns over wastepaper management, the increasing prevalence of infectious diseases, and the rising demand for electric hand dryers from developing countries. The report provides market size, historical data spanning from 2018-2022, and future projections, all presented in terms of value in USD million for each of the mentioned segments.
For More Highlights About this Report, Download Free Sample in a Minute
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 factor driving the market. The increasing demand for better hygiene in public washrooms with the growing need for efficient disposal of tissue paper waste is driving the demand globally. Electric hand dryers help to reduce the long-term cost of paper towels, disposal, and waste maintenance. This is because this has high operational efficiency and is quite effective in reducing the cost of buying, storing, and disposing of traditional restroom hand towels.
Moreover, several countries are encouraging a reduction in the use of paper products such as toilet papers and paper towels. For washroom usage, electric hand dryers are the most prominent substitutes for paper towels and, therefore, are witnessing growth in adoption due to increasing challenges in wastepaper management. Thus, the global market is expected to witness high growth during the forecast period.
The emergence of smart appliances is the primary trend shaping the market expansion. With the ongoing improvements in the living standards of consumers and increasing interest in connectivity-enabled smart appliances, the adoption of smart appliances is expected to grow during the forecast period. Advances in technology and the emergence of smart homes are aiding the proliferation of smart appliances.
Further, the increasing demand for wireless and technologically advanced products, mostly for convenience, is adding to the growth of the market. To improve their product offerings and create differentiation, manufacturers are expanding their research and development (R&D) expenditures. Hence, the emergence of smart appliances is anticipated to drive the growth of the market during the forecast period.
The increasing noise pollution and skin irritation is a major challenge that affects market expansion. These appliances are widely used in many public places, such as restrooms, offices, and restaurants. They offer quick results and are often seen as eco-friendly alternatives to paper towels. However, such products are loud and generate around 85 decibels of noise, exposing individuals who use the facilities to varying noise levels. Frequent noise, especially in an office, classroom, or learning space, is a concern and can affect efficiency or productivity. Therefore, noise generated is becoming increasingly concerning for commercial spaces.
Also, for people who suffer from skin sensitivity, even light to moderate use of hot air can cause skin irritation. Instances of dry and rough skin that trigger a burning sensation have been reported by several people. Additionally, warm dryers increase bacteria by over 250%. Therefore, issues related to efficacy, noise, and skin irritation are expected to impede the growth of the market during the forecast period.
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 report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
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
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
Get the report (PDF) sent to your email within minutes.