The global hand dryers market is expected to decline from $0.88 billion in 2019 to $0.79 billion in 2020 at a rate of -9.76%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities. The entire supply chain has been disrupted, impacting the market negatively. The market is then expected to recover and reach $1.15 billion in 2023 at rate of 13.49%.
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Hand dryers are cost-effective, energy-efficient and eco-friendly devices that are extensively adopted in restaurants, hotels, offices, and malls as a replacement to towels. Hand dryers are electronic machines used for drying hands in public bathrooms that works either by pressing a button or automatically using a sensor.
Global Hand Dryers Market Segmentation –
1) By Product Type: Jet Air, Hot Air.
2) By End-Users: Airports, Hotel & Restaurants, Hospitals, Offices, Shopping Malls, Others.
3) By Operation: Manual On-Automatic Off, Fully Automatic.
Global Hand Dryers Market Driver –
Strong growth in the hospitality industry drove the market for hand dryers in the historic period. The rapidly growing hospitality industry, such as the rise in hotels and restaurants, boosted the growth of the hand dryers market with the need to meet cleanliness requirements.
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A Few Points From The Global Hand Dryers Market TOC
1. Executive Summary
2. Hand Dryers Market Characteristics
3. Hand Dryers Market Size And Growth
3.1. Global Hand Dryers Historic Market, 2015 – 2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Hand Dryers Forecast Market, 2019 – 2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Hand Dryers Market Segmentation
5. Hand Dryers Market Regional And Country Analysis
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