The global market for Electric Hand Dryers is estimated at US$637.0 Million in 2023 and is projected to reach US$1.1 Billion by 2030, growing at a CAGR of 7.6% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the electric hand dryers market is driven by several factors, including technological advancements, increasing environmental awareness, and the growing emphasis on hygiene. Innovations in dryer technology, such as faster drying times and improved energy efficiency, are making these devices more attractive to a wider range of users. There is an increasing demand by customers for clean and hygiene restrooms which is the major driving factor for a prospective global market growth of hand dryers. The push towards sustainability and the reduction of paper waste are significant drivers, as electric hand dryers eliminate the need for disposable paper towels, thereby reducing environmental impact and operational costs for businesses. Hand dryers are eco-friendly, sustainable and limit carbon dioxide emissions unlike paper towels which consume considerable amount of energy and resources for production and disposal. Additionally, heightened awareness of hygiene, particularly in the wake of the COVID-19 pandemic, has led to increased demand for touchless, hygienic hand drying solutions. Government regulations and incentives promoting energy-efficient appliances are also contributing to market growth. As these factors converge, the electric hand dryers market is expected to see substantial expansion, driven by technological innovation, environmental considerations, and evolving public health standards.
The growth in the electric hand dryers market is driven by several factors, including technological advancements, increasing environmental awareness, and the growing emphasis on hygiene. Innovations in dryer technology, such as faster drying times and improved energy efficiency, are making these devices more attractive to a wider range of users. There is an increasing demand by customers for clean and hygiene restrooms which is the major driving factor for a prospective global market growth of hand dryers. The push towards sustainability and the reduction of paper waste are significant drivers, as electric hand dryers eliminate the need for disposable paper towels, thereby reducing environmental impact and operational costs for businesses. Hand dryers are eco-friendly, sustainable and limit carbon dioxide emissions unlike paper towels which consume considerable amount of energy and resources for production and disposal. Additionally, heightened awareness of hygiene, particularly in the wake of the COVID-19 pandemic, has led to increased demand for touchless, hygienic hand drying solutions. Government regulations and incentives promoting energy-efficient appliances are also contributing to market growth. As these factors converge, the electric hand dryers market is expected to see substantial expansion, driven by technological innovation, environmental considerations, and evolving public health standards.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Jet Air Type Electric Hand Dryers segment, which is expected to reach US$681.0 Million by 2030 with a CAGR of a 7.9%. The Hot Air Type Electric Hand Dryers segment is also set to grow at 6.9% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $190.2 Million in 2023, and China, forecasted to grow at an impressive 8.9% CAGR to reach $122.2 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Electric Hand Dryers Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Electric Hand Dryers Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Electric Hand Dryers Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Bobrick Washroom Equipment, Inc., Dyson, Inc., Palmer Fixture, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 89 Featured):
- Bobrick Washroom Equipment, Inc.
- Dyson, Inc.
- Palmer Fixture
- Jiangmen Jinhuan Electric Co., Ltd.
- Robern
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned
- Bobrick Washroom Equipment, Inc.
- Dyson, Inc.
- Palmer Fixture
- Jiangmen Jinhuan Electric Co., Ltd.
- Robern
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 513 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 637 Million |
| Forecasted Market Value ( USD | $ 1100 Million |
| Compound Annual Growth Rate | 7.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 5 |
