by Brianna Crandall — January 6, 2016—For facilities managers debating whether to purchase electric hand dryers or paper towels, a new research report from Infiniti Research Limited indicates that the global market of electric hand dryers is expected to see strong growth during the forecast period.
Market drivers
The demand for eco-friendly appliances and increased awareness about washroom hygiene has led to the high adoption of electric hand dryers, which resulted in a projected compound annual growth rate (CAGR) of over 12% for this market during the forecast period. The increasingly widespread use of hand dryers in the hospitality industry is expected to contribute considerably to the growth of the electric hand dryer market.
Customization of products is another fast-moving trend that is driving the growth of the electric hand dryers market. Manufacturers in the hand dryers market are offering customization to cater to the needs of users, such as World Dryer’s SMARTdri Plus energy-efficient and high-speed hand dryer. Such innovations are likely to uplift the market during the forecast period.
Segments
The report divides the electric hand dryer market into two segments: hot hand dryers, and jet hand dryers. With a share of more than 63%, the hot hand dryer segment currently dominates the electric hand dryer market and is like to maintain its number one position during the forecast period, according to the report.
The demand for hot hand dryers is much higher compared to jet hand dryers because they are less expensive, according to the report. Restaurants, hotels, offices, hospitals, malls, and airports in the Asia-Pacific (APAC) region and the rest of the world (besides Europe and North America) use hot hand dryers.
Geographical regions
In terms of geographical regions (segmented into APAC, Europe, North America and the rest of the world), Europe accounted for nearly 50% of the market share in 2015, wherein the German market contributes the largest share, followed by France. Italy and the U.K. are also among the top markets in this region. The EU has the largest number of hotels and restaurants, which is the main factor driving the growth of the electric hand dryer market in this region.
Competitive landscape and key vendors
Manufacturers in the electric hand dryers market are continuously trying to address the challenges faced and to launch several innovate products to cater to the need of the users. The competition in the present market scenario is fierce, hence continuous product innovation by vendors is the key factor to withstand the competition and enhance their market share. Some vendors are focusing on producing electric hand dryers that are both user-friendly and eco-friendly, notes the report.
The leading vendors in the market are American Dryer, Dyson, Excel Dryer, Mitsubishi Electric and World Dryer. Other prominent vendors in the market include Askon Engineers, Bio JetDrier, Hokwang Industries, Taishan Jieda Electrical Industrial, Panasonic, Palmer Fixture and Warner Howard U.K.
The report addresses the market size and growth rate by 2020; key factors, trends, and challenges impacting market growth; key vendors; market opportunities and threats; and trending factors influencing the market shares of the main regions.
The 51-page Global Electric Hand Dryer Market 2016-2020 is available for purchase from ReportLinker.
For more FM-specific information concerning Excel Dryer and World Dryer products, visit the companies’ ads on FMLink.
