Published on : Mar 08, 2016
Hand dryers refer to electrical devices, which are used to dry hands and are installed in public washrooms. These devices were invented to avoid the use of paper and maintain hygiene after using a public washroom. In recent years, hand dryers have been gaining traction across the globe, owing to the rising demand from diverse application segments such as:
The global hand dryer market is projected to witness rapid growth in the next few years owing to the growing awareness regarding washroom hygiene and increasing demand for eco-friendly devices. In addition, hand dryers help in reducing the cost of maintenance and further remove the waste that is created using paper towels. It also helps in saving paper in a large quantity across the globe. All these factors are anticipated to boost the demand for hand dryers in the global market in the near future.
On the basis of product type, the global hand dryer market can be segmented into hot air hand dryer and jet air hand dryer. Among these two types, the hot air hand dryer dominates the overall hand dryer market and is estimated to remain in the leading position in the next few years.
Some of the major players operating in the global hand dryer market are Electrostar, Dyson Ltd., Mitsubishi Electric Corporation, World Dryer Corporation, and Panasonic Corporation. The global hand dryer market is projected to register a high growth in the coming years, owing to which several players are expected to participate in the market in the near future. The untapped regions will be the main focus of these players and are estimated to introduce new techniques and designs of hand dryers so as to attract consumers and gain competitive advantage.
Furthermore, the concept of smart cities in developing countries has offered several opportunities to the major players of the market. Reduction in water usage, and oil and gas are further expected to fuel the growth of the market. On the other hand, the high initial investment required is the major concern in front of the players, which is expected to hamper the growth of the global hand dryer market.