Hand Dryers Market Size
| Study Period | 2020 - 2029 |
| Market Size (2024) | USD 0.98 Billion |
| Market Size (2029) | USD 1.14 Billion |
| CAGR (2024 - 2029) | 3.12 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Hand Dryers Market Analysis
The Hand Dryers Market size is estimated at USD 0.98 billion in 2024, and is expected to reach USD 1.14 billion by 2029, growing at a CAGR of 3.12% during the forecast period (2024-2029).
Hand dryer markets focus on environmental sustainability to reduce waste and conserve resources. Since strict regulations are implemented for energy efficiency and environmental impacts, hand dryers are mainly used rather than paper towels because of their less waste generation. Moreover, in places with high hygiene and sanitation, particularly in public areas, demand for touchless, high-speed hand dryers that reduce the spread of diseases is high on demand.
The government incentivizes businesses to invest in energy-efficient and eco-friendly technologies, so hand dryers have increased adoption.
Many technology startups are coming up, increasing the number of partnerships, acquisitions, collaborations, and competitions. Therefore, these factors increase the demand for insurance businesses and help upgrade the business process with advanced technologies.
Hand Dryers Market Trends
Technological Advancements are Driving the Market
The hand dryer market saw several technological advancements in recent years, driven by increasing demand for more hygienic, energy-efficient, and user-friendly solutions. Touchless hand dryers use infrared sensors to detect the hand's presence, eliminating the need for users to touch the device and reducing the cross-contamination risk. These hand dryers are becoming increasingly popular in public washrooms and healthcare facilities.
High-speed hand dryers use powerful motors and advanced air-flow systems to dry hands in as little as 10-15 seconds. These hand dryers are popular in high-traffic areas where speed and efficiency are important. Some hand dryers are equipped with HEPA (High-Efficiency Particulate Air) filters, which remove bacteria, viruses, and other harmful particles from the air. It helps to improve hygiene and reduce th infection risk. Smart hand dryers use sensors and data analytics to monitor usage patterns, track maintenance needs, and optimize energy efficiency. Hand dryers can reduce energy costs and improve the overall user experience.
Overall, the hand dryer market is expected to continue seeing technological advancements as manufacturers seek to meet the evolving needs of consumers and businesses.
North America is Dominating the Market
The largest hand dryer market is in North America, specifically the United States. It is due to factors such as high levels of hygiene awareness, a strong focus on energy efficiency, and the presence of large commercial and hospitality industries. However, the Asia-Pacific region, particularly China and India, is expected to experience the highest growth rates in the coming years, driven by increasing infrastructure development and growing demand for more hygienic and energy-efficient solutions.
Hand Dryers Industry Overview
The market is highly competitive, with players constantly striving to introduce new and innovative products to cater to the changing demands of customers. The report covers major international players operating in the global hand dryers market. Some of the key players in the global hand dryer market include Dyson Ltd., Excel Dryer Inc., American Dryer Inc., Mitsubishi Electric Corporation, and TOTO Ltd. The leading brands are opening exclusive stores for special products. The companies are also promoting, differentiating, and selling limited editions to increase their visibility and brand awareness in the market.
Hand Dryers Market Leaders
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Dyson
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Excel Dryer
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Mitsubishi Electric
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World Dryer
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Bobrick Washroom Equipment
*Disclaimer: Major Players sorted in no particular order
Hand Dryers Market News
- March 2023: Central Marketing Group (CMG), a subsidiary of Central Retail Corporation (CRC), launched the "Dyson Airblade" hand dryer in Thailand, featuring innovations for hygiene. The product is available in three models: the Dyson Airblade wash+dry, the Dyson Airblade 9KJ, and the Dyson Airblade V.
- April 2022: Euronics introduced the NERO series in India. It includes a sensor tap, automatic soap dispenser, and hand dryer.
Hand Dryers Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
- 4.4 Industry Value Chain Analysis
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4.5 Industry Attractiveness: Porter's Five Forces Analysis
- 4.5.1 Bargaining Power of Suppliers
- 4.5.2 Bargaining Power of Buyers
- 4.5.3 Threat of New Entrants
- 4.5.4 Threat of Substitutes
- 4.5.5 Intensity of Competitive Rivalry
- 4.6 Insights into Technological Advancements in the Industry
- 4.7 Insights on Various Trends Shaping the Market
- 4.8 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
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5.1 By Type
- 5.1.1 Hot Hand Dryers
- 5.1.2 Jet Hand Dryers
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5.2 By End User
- 5.2.1 Hotels
- 5.2.2 Commercial Complexes
- 5.2.3 Office Buildings
- 5.2.4 Others (Hospital and Clinics, Food Processing and Service Industry)
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5.3 By Distribution Channel
- 5.3.1 Online
- 5.3.2 Offline
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5.4 By Geography
- 5.4.1 North America
- 5.4.1.1 United States
- 5.4.1.2 Canada
- 5.4.1.3 Mexico
- 5.4.1.4 Others
- 5.4.2 Asia-Pacific
- 5.4.2.1 India
- 5.4.2.2 China
- 5.4.2.3 Australia
- 5.4.2.4 Others
- 5.4.3 Europe
- 5.4.3.1 Germany
- 5.4.3.2 United Kingdom
- 5.4.3.3 Others
- 5.4.4 South America
- 5.4.4.1 Brazil
- 5.4.4.2 Argentina
- 5.4.4.3 Others
- 5.4.5 Middle East and Africa
- 5.4.5.1 United Arab Emirates
- 5.4.5.2 Saudi Arabia
- 5.4.5.3 South Africa
- 5.4.5.4 Others
6. COMPETITIVE LANDSCAPE
- 6.1 Market Concentration Overview
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6.2 Company Profiles
- 6.2.1 Dyson
- 6.2.2 Excel Dryer
- 6.2.3 Mitsubishi Electric
- 6.2.4 World Dryer
- 6.2.5 Bobrick Washroom Equipment
- 6.2.6 Palmer Fixture
- 6.2.7 American Dryer
- 6.2.8 TOTO Ltd
- 6.2.9 Bradley Corporation
- 6.2.10 Mediclinics
- 6.2.11 ASI Group
- 6.2.12 JVD SAS
- 6.2.13 AIKE Hand Dryer
- 6.2.14 SPL Group*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
** Subject To AvailablityHand Dryers Industry Segmentation
A hand dryer is an electronic device used in public restrooms to dry hands more economically than paper towels. Reducing the possibility of cross-contamination and the spread of pathogens helps to maintain the highest possible standard of cleanliness and hygiene. The report gives a full background analysis of the global hand dryer grill market, including a look at the market as a whole, new trends by segment and regional market, major changes in market dynamics, and key players in the market.
The hand dryers market is segmented by type, end-user, distribution channel, and geography. By type, the market is sub-segmented into hot hand dryers and jet hand dryers. The end user, market is sub-segmented into hotels, commercial complexes, office buildings, and others (hospitals and clinics, food processing, and service industry. By distribution channel, the market is sub-segmented into online and offline. By geography, the market is sub-segmented into North America, Europe, Asia-pacific, South America, the Middle East, and Africa. The report offers the market sizes and forecasts in value (USD) for all the above segments.
| By Type | Hot Hand Dryers | |
| Jet Hand Dryers | ||
| By End User | Hotels | |
| Commercial Complexes | ||
| Office Buildings | ||
| Others (Hospital and Clinics, Food Processing and Service Industry) | ||
| By Distribution Channel | Online | |
| Offline | ||
| By Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Others | ||
| By Geography | Asia-Pacific | India |
| China | ||
| Australia | ||
| Others | ||
| By Geography | Europe | Germany |
| United Kingdom | ||
| Others | ||
| By Geography | South America | Brazil |
| Argentina | ||
| Others | ||
| By Geography | Middle East and Africa | United Arab Emirates |
| Saudi Arabia | ||
| South Africa | ||
| Others |
Hand Dryers Market Research Faqs
How big is the Hand Dryers Market?
The Hand Dryers Market size is expected to reach USD 0.98 billion in 2024 and grow at a CAGR of 3.12% to reach USD 1.14 billion by 2029.
What is the current Hand Dryers Market size?
In 2024, the Hand Dryers Market size is expected to reach USD 0.98 billion.
Who are the key players in Hand Dryers Market?
Dyson, Excel Dryer, Mitsubishi Electric, World Dryer and Bobrick Washroom Equipment are the major companies operating in the Hand Dryers Market.
Which is the fastest growing region in Hand Dryers Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Hand Dryers Market?
In 2024, the North America accounts for the largest market share in Hand Dryers Market.
What years does this Hand Dryers Market cover, and what was the market size in 2023?
In 2023, the Hand Dryers Market size was estimated at USD 0.95 billion. The report covers the Hand Dryers Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Hand Dryers Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Hand Dryers Industry Report
Statistics for the 2024 Hand Dryers market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Hand Dryers analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
