Product ID: SQMIG25E2072
Global Hand Dryer Market Size, Share, Growth Analysis, By Type(Hot h, dryer), By Mode of Operation(Push button h, dryer), By End user(Hotels, hospitals & clinics) - Industry Forecast 2024-2031
Report ID:
SQMIG25E2072 |
Region:
Global |
Published Date: February, 2024
Pages:
242
|
Tables:
96 |
Figures:
76
Global Hand Dryer Market Insights
Hand Dryer Market size was valued at USD 986.36 million in 2019 and is poised to grow from USD 1115.5 million in 2023 to USD 2928 million by 2031, growing at a CAGR of 12.9% in the forecast period (2024-2031).
Hand dryers help to maintain cleanliness and hygiene by eliminating the risk of cross-contamination and the spread of pathogens. The unit cost of hand dryers is higher than that of paper towels, and the lifespan of hand dryers is much longer than that of paper towels. High-speed hand dryers have become very popular these days. They are either manually operated by pressing a button or automatically operated by sensors.
Growing demand for eco-friendly devices promotes paper and energy conservation, which is expected to drive industry growth over the forecast period. The growing popularity of hand dryers can be attributed to an increase in hygiene awareness in the restroom. In the next few years, the industry is expected to be driven by the desire to reduce operational costs, especially in office buildings and retail malls.
US Hand Dryer Market is poised to grow at a sustainable CAGR for the next forcast year.
Global Hand Dryer Market Report Snapshots
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