Hand Dryer Market Precise Analysis On Business Overview, Product Scope

According to a new market report published by Transparency Market Research titled ‘Hand Dryer Market [Product Type: Warm Air Dryers (WAD) and Jet Air Dryers (JAD); End-user: Hotels, Food Processing and Food Service, Office Buildings, Healthcare, and Others] – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027, the global hand dryer market is expected to reach US$ 902.8 Mn by 2027, expanding at a CAGR of 7.1% from 2019 to 2027. In terms of volume, the global hand dryer market is expected to reach 9,026.3 ‘000 units by 2027, expanding at a CAGR of 6.6% during the forecast period. Based on region, the global market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America.

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North America is the second-largest hand dryer market, both in terms of value and volume. Demand for hand dryers from end-user such as educational institutions, hotels, food service restaurants, QSR (Quick Service Restaurants), and transportation facilities is increasing across North America. The U.S. is a prominent hand dryer market in North America, followed by Canada. As per the annual survey, ‘Healthy Hand Washing Survey’, conducted by global hand dryer market player, Bradley Corporation, consumers in the U.S. are ready to spend more money at a business that has clean, well-maintained restrooms. Using hand dryers against paper towels keeps restroom cleaner. All these factors are fueling the demand for hand dryers in the U.S. and other regions across the globe. Being a developed country, hygiene and sanitation are an important part of the U.S. culture. Hand dryers help reduce the overall operation cost of keeping the restroom clean in the long run. Thus, demand for hand dryers is increasing in the U.S. and other countries in North America.