Jet Hand Dryer Market Report
Jet Hand Dryer Market Trends, Dynamics & Market Insights
The Jet Hand Dryer Market is estimated to grow from USD xx million in 2020 to USD xx million by 2026 at a healthy CAGR of 12.4% during the forecast period.
A hand dryer is an electric machine that makes use of a heating element and an air blower to dry the hands after hand washing. It is commonly used in toilers as a cost-effective alternative to paper towels. A jet hand dryer is an electric device found in washrooms that uses a jet to dry the hands.
Key players operating in the jet hand dryer market are-
The growing adoption of a jet hand dryer in several end-use sectors such as hotels, airports, offices, hospitals, and shopping malls is a key factor boosting the market growth. The total shipment of overall air dryers was around 3,120 thousand units in 2020 and is likely to reach 7,715 thousand units by 2025. Economic and environmental benefits of jet hand dryers are further anticipated to offer immense growth opportunities to the industry players during the forecast timeline.
Based on end-user, the jet hand dryer market is classified into airports, hotels & restaurants, hospitals, offices, shopping malls, and others. The hotel & restaurants segment held a significant market share in 2020 and is estimated to register a healthy CAGR during the forecast timeline. This is mainly attributed to the significant growth of the hospitality sector on account of the surge in the number of pubs, restaurants, and hotels, coupled with rising tourism activities worldwide, which bolsters the segment growth.
By region, the European market accounted for a significant share in 2020 and is expected to grow at a substantial CAGR in the following years. This is mainly ascribed to the growing adoption of ecological, cost-effective, and hassle-free devices, which have contributed to the regional market growth. Additionally, the growing tourism industry and infrastructure development further proliferate the regional market growth.
The COVID-19 outbreak has moderately affected the jet hand dryer industry. The virus outbreak has turned the lives of people worldwide, with the number of cases increasing rapidly. The COVID-19 crisis has affected the industry supply chain to a major extent. As for shopping malls, hotels & restaurants, and offices were closed to prevent the spread of infection, there was an adverse impact on product demand in these sectors. However, there was a surging need for jet hand dryers in hospitals, thus boosting the product demand in this sector.
Here is the list of the group of customers that the jet hand dryer market hopes to have the greatest opportunity to convert-
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The jet hand dryer market is expected to witness an impressive growth of 12.4% CAGR in the coming years.
Dyson Ltd (UK), American Dryer (US), World Dryer (US), Mitsubishi Electric (Japan), Bio JetDrier (US), Panasonic (Japan), Hokwang Industries (Taiwan), Palmer Fixture (US), Excel Dryer Inc. (US), and JVD SAS (France) are among the key players in the het hand dryer market.
The growing adoption of a jet hand dryer in several end-use sectors such as hotels, airports, offices, hospitals, and shopping malls is a key factor boosting the growth of jet hand dryer market.
The hotel & restaurants segment is expected to register healthy CAGR in the jet hand dryer market in the coming years.
Europe is expected to grow at a substantial CAGR in the jet hand dryer market in the next five years.
Jet hand dryer vendors, Jet hand dryer retailers, Faucet companies, Toiletery companies are the target audience in the jet hand dryer market.