Demand for Hand Dryers and Impact of COVID-19……..



The global hand dryers market size is expected to reach USD 1.7 billion by 2025, expanding at a CAGR of 11.5% from 2019 to 2025, according to a new report by Grand View Research. A key factor contributing to the marketgrowth is decrease in oil and gasoline reserves. Over 464 gallons of oil and 42 gallons of gasoline are used to make one ton of paper towels. Hand dryers reduce the usage of gas and fuel and contribute towards greener solutions. Demand for these products is increasing as it helps in eliminating the mess caused by the usage of paper towels, thereby improving the restroom appearance.
The global electronics devices market (including consumer electronics and industrial electronics devices) is expected to be impacted significantly by COVID-19 as China is one of the major suppliers for the raw materials (used to manufacture devices) as well as the finished products. The industry is on the brink of facing a reduction in production, disruption in supply, and price fluctuations. While this can vastly encourage local manufacturers to step up and address the growing demand, the scarcity of raw material can still pose a challenge to this industry. The sales of prominent electronic companies is expected to be affected in the near future. The report will account for Covid19 as a key market contributor.
One of the measures to reduce water wastage is to use hand dryers instead of paper towels. Approximately 7,000 gallons of water are used to make one ton of paper towels. The manufacturing process of hand dryers does not involve the usage of such a massive quantity of water. Demand for these products is expected to increase owing to elevating need to conserve water, coupled with increasing demand for reducing the expenditure associated with paper towels.
Even in developing countries such as China and India, legislatures regarding environmental pollution and health and safety of workers are evolving at a rapid pace, owing to the global standardization of operations. The significant factors that are affecting the regulation change across the globe are the international initiatives that have been taking center stage in the international markets for quite some time now.
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Europe accounts for the maximum market share as compared to other regions owing to availability of numerous hotels and restaurants. Moreover, the geographic span of the European continent is quite large consisting of several tourist attractions, which led to the hotel industry to flourish significantly.
Further key findings from the study suggest:
·         Jet air dryers are estimated to continue their domination over the projected period owing to their extensive adoption across the globe. The segment accounted for the largest market share in 2018 and is expected to expand at the highest CAGR from 2019 to 2025
·         Fully automatic hand dryers include least human intervention, which helps to increase efficiency and reduce operational costs. Thus, the fully automatic hand dryers segment accounts for the largest market share
·         Wall mounted hand dryers offer ease of installation and operation, especially at public washrooms where space is a concern. In addition, wall mounted hand dryers are easy to maintain and effortlessly serviceable due to their mounting technique. All these factors are responsible for the greater adoption of wall mounted devices, accounting for a major market share
·         The hotel and restaurants industry accounted for the largest market share in 2018. The shipment across the industry stood at 889.3 thousand units in 2018, dominating the entire hand dryers market
·         Key players in the market include American Dryer, LLC.; Dyson Technology India Pvt Ltd; Electrostar; Euronics Industries Pvt Ltd; Jaguar Group Sdn. Bhd.; Excel Dryer; Panasonic Corporation; Mitsubishi Electric Corporation; SPL Industries Limited; Bobrick Washroom Equipment Inc.; Saniflow Hand Dryer Corporation; Taishan Jieda Electrical Co. Ltd.; and World Dryer.
The global hand dryers market size was valued at USD 788.4 million in 2018 and is projected to expand at a CAGR of 11.5% from 2019 to 2025. This is attributed to their increasing adoption in several end-use industries comprising airports, hotel and restaurants, hospitals, offices, and shopping malls. The total shipment of air dryers was at 3,122.7 thousand units in 2018 and is expected to reach 7,714.2 thousand units by 2025. Environmental and economic benefits offered by hand dryers are also predicted to fuel the product adoption.
Growing demand for environmental-friendly devices facilitates paper and power saving, which is further projected to favor industry growth over the forecast period. Increasing demand for useful energy technology, along with the need to lower the operational spending, particularly in office structures as well as shopping malls, is anticipated to drive the industry over the next few years. 
The infrastructure progress primarily in the developing economies, including Brazil, India, and China, may offer added growth opportunities. Rise in the number of restaurants, hotels, and fast food chains universally is another aspect contributing to increasing product adoption. The upward inclination of smart infrastructure is also likely to offer paths for market development.
High cost of initial installation of these devices as compared to paper towels is one of the prominent aspects hindering the acceptance of hand dryers over the coming years. Noise pollution produced by operation of these devices can pose a challenge to the market growth in the end-use industry segments like hospitals.
Browse Press Release of this report:
https://www.grandviewresearch.com/press-release/global-hand-dryer-market
Grand View Research has segmented the hand dryers market on the basis of product, operation, mounting technique, end-use industry:
Hand Dryers Product Outlook (Revenue, USD Million, Volume, Thousand Units, 2014 - 2025)
·         Jet Air
·         Hot Air
Hand Dryers Operation Mode Outlook (Revenue, USD Million, Volume, Thousand Units, 2014 - 2025)
·         Manual On-Automatic Off
·         Fully Automatic
Hand Dryers Mounting Technique Outlook (Revenue, USD Million, Volume, Thousand Units, 2014 - 2025)
·         Surface Mounted
·         Wall Mounted
Hand Dryers End-use Industries Outlook (Revenue, USD Million, Volume, Thousand Units, 2014 - 2025)
·         Airports
·         Hotel & Restaurants
·         Hospitals
·         Offices
·         Shopping Malls
·         Others
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.



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