Hand Drying Machine Market Size, Share, Growth, and Industry Analysis by Type (Hand-in, Hand-under), By Application (Hotel, Restaurant, Hospital, Commercial Malls and Other ) Covid-19 Impact, Latest Trends, Segmentation, Driving Factors, Restraining Factors, Key Industry Players, Regional Insights, and Forecast From 2024 To 2032

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HAND DRYING MACHINE MARKET REPORT OVERVIEW

The global hand drying machine market size was USD 0.92 billion in 2022 and is projected to grow from USD 1.1 billion in 2024 to USD 2.23 billion by 2032, exhibiting a CAGR of 9.3% during the forecast period. Asia-Pacific holds leading position in hand drying machine market share in 2023.

A hand dryer is an electronic component that combines an air blower and a heating element to assist in drying the hands after they have been washed. Warm air dryers (WAD) and Jet air dryers (JAD) are the two main types of hand dryers. It is commonly used within public washrooms as a cheaper alternative to paper towels. It can be activated manually or automatically with the use of a sensor. Effectively drying hands, removing bacteria, and misinforming risk of cross - contamination are all characteristics of how hygienic they are. In terms of hygiene, paper towels surpass electric air dryers.

COVID-19 Impact: Indefinite Production and Supply of Raw Material Due to Disturbed Economies of Scale

The global COVID-19 pandemic has been unprecedented and staggering, with the hand drying machine market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

The COVID-19 is causing severe harm to the consumer goods and infrastructure industry. The supplier chain is among the most significant components of the hand dryer market's value chain. Furthermore, once the enormity of the situation became clear, the majority of firms closed their doors. As a result, demands for hand drying machine equipment fell precipitously. However, after the pandemic, it is expected that public areas would install hand drying machine equipment. The pandemic's efforts to raise awareness are to blame. Furthermore, it is expected that a surge in health consciousness would drive hand drying machine market growth throughout the research time-frame.

LATEST TRENDS

"Increasing Demand for Energy-efficient Durable Jet Air Dryers to Propel Market"

With rising energy prices and environmental concerns, market participants are progressively producing energy-efficient hand dryers. Energy-efficient hand dryers offer benefits such as lower energy use and faster drying time. For quick response and optimal energy economy, hand dryers incorporate faster response sensors and extremely responsive motors. Jet air hand dryers seem to be more energy efficient than traditional hand dryers, using up to 85% less electricity. Jet hand dryers are also incredibly durable and can survive heavy daily use. Warm air dryers, on the contrary hand, have the potential to swiftly dry hands, making them a perfect product for use in public restrooms.

HAND DRYING MACHINE MARKET SEGMENTATION

• By Type

Based on type; the hand drying machine market is divided into hand-in, hand-under.

Hand-in is the leading part of the type segment.

• By Application

Based on the application; the hand drying machine market is divided into hotel, restaurant, hospital, commercial malls and others.

Hotel is the leading part of the application segment.

DRIVING FACTORS

"Rising Hotel Constructions and Investments in Public Transportation to Bolster Demand"

The number of individuals travelling around the world to experience new cultures and foods is growing. This is contributing to an increase in hotel building, which is driving up demand for washroom-related equipment such as commercial hand dryers. Governments all across the world are gradually investing in improving public transportation infrastructure. According to data released by the India Brand Equity Foundation, the country is estimated to invest approximately US$ 715.41 Billion in railway infrastructure by 2030. This is expected to have a favourable impact on the use of hand dryers, as most public transportation locations, such as railway stations, airport, and bus terminals, are contemplating the deployment of hand dryers to help preserve hygiene.

"Energy Efficiency Approach and Cost Control to Attract Market Share"

Hand drying machines have become popular in sectors due to their obvious cost savings. Manufacturers claim that hand dryers can reduce costs by up to 99.5% (a corporation might expend $2340.00 annually on paper towels, while the hand dryer expenditures could be as minimal as $14.00 per year - this would vary based on the price of paper towels and energy). In comparison to paper towels, that need to be changed, they require relatively little upkeep. Hand dryers are said to be more beneficial to the environment since they produce less trash and waste than paper towels, that can't be recycled. Hand dryer makers claim that by eliminating the need for paper towels, over 5 billion paper towels through over 200,000 trees can be saved each year. It is estimated that hand dryers use 5% less energy than paper towels in the first year, and 20% less over five years.

RESTRAINING FACTORS

"High Installation and Maintenance Cost Incurred to Hold Back the Market Growth"

Many individuals are bothered by the loud noise made by hand drying machines. When placed, hand dryers often produce over 80 decibels of sound at a distance of 10 ft (3.0 m). It is significantly noisier for the user and might even exceed safety limitations for minors whose ears are at the device's height. Noise pollution caused by the operation of these devices may impede market expansion in end-use industry areas such as hospitals. However, the noise factor to the consumers can hamper the hand drying machine market share.

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HAND DRYING MACHINE MARKET REGIONAL INSIGHTS

"Asia Pacific Region to Lead the Market with Budget Production Cost Incurred"

The market share is expected to be dominated by Asia Pacific region during the forecast period. The increased importance placed on maintaining hygiene in public areas is leading to a rise in the use of hand dryers. Rapid urbanization in the region is increasing the adoption of a sanitary lifestyle and the emphasis of hand hygiene. This is anticipated to increase the use of hand dryers in malls, educational institutions, hospitals, and other public restrooms. This is significantly contributing to the hand drying machine market growth.

KEY INDUSTRY PLAYERS

"Prominent Industry Players in the Industry to Promote Market Expansion"

The market's expansion was significantly impacted by the techniques employed by market participants in recent years, such as extensions. The report covers details and information about the firms and their interactions with the market. The data is gathered and published through appropriate research, technological advancements, expansions, and expanding machinery and equipment. Other considerations taken into account for this market are the businesses that develop and provide new products, the geographic areas in which they function, mechanization, innovation strategies, generating the maximum revenue, and using their products to make a significant difference.

List Of Top Hand Drying Machine Companies

• American Dryer (U.S.A)
• Dyson (Singapore)
• Electrostar (U.S.A)
• Euronics Industries (India)
• Excel Dryer (U.S.A)
• Jaquar Group (India)
• Mitsubishi Electric (Japan)
• Panasonic (Japan)
• Saniflow Hand Dryer (U.S.A)
• Bobrick Washroom Equipment (U.K)
• SPL (U.K)
• Taishan Jieda Electrical Industrial (China)
• Toto (U.S.A)
• World Dryer (U.S.A)
• Rentokil Initial plc (U.K.).

REPORT COVERAGE

This report covers a comprehensive backdrop analysis, an assessment of the parent market, intensive study in the market dynamics. Past historical, current, and projected size of the market from the point of both value and volume. Researching of recent industry developments, deep study on market shares and strategies of major players and the emerging niche segments and regional market areas are covered in the report.