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Global Hand Dryer Market Will Reach USD 1.2 Billion by 2022: Zion Market Research

According to the report, global hand dryer market accounted for USD 490.3 Million in 2014 and is forecasted to surpass USD 1.2 billion by 2022, growing at a CAGR of 12% between 2017 and 2022.

/EIN News/ -- Sarasota, FL, Aug. 02, 2017 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Hand Dryer Market (Hot hand dryers and Jet hand dryers) Market for Hotel, Hospitals & Clinics, Food processing & Service Industry, Commercial Complexes, Office Buildings and Others Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 - 2022”. According to the report, global hand dryer market accounted for USD 490.3 Million in 2014 and is forecasted to surpass USD 1.2 billion by 2022, growing at a CAGR of 12% between 2017 and 2022. 

Hand dryers are an electrical device generally appears in public washrooms for the purpose of drying hands hygienically. Hand dryers either operate automatically by using sensors or manually by using a push button. Now days reducing and controlling operating costs has become an essential in this financially challenging environment. Simply replacing paper towel dispensers with hand dryers could eliminate costs up to 99%. Growing awareness about operational cost is fueling the demand for hand dryers market. Rapidly growing hospitality industry with an increase in the number of restaurants & hotels and pubs indirectly supporting the growth for hand dryers market. The growing adoption of hand dryers is expected to surge on account of the requirement to meet cleanliness standards for food service industry and hospitality industry.

Browse through 85 Market Tables and 28 Figures spread through 167 Pages and in-depth TOC on "Global Hand Dryer Market Research 2016: Size, Share, Trends and Forecast, 2022”.

Request Free Sample copy of Global Hand Dryer Market Report @ https://www.zionmarketresearch.com/sample/hand-dryer-market

Global hand dryer market is segmented into the two basic product type, hot hand dryers, and jet hand dryers segment. In terms of volume, hot hand dryers market is dominating with more than 65% market share due to its low-cost advantages and Hygienic nature. Growing number of food outlets, restaurants, and food park is fueling the demand of hand dryers in food processing industry. The food processing segment is excepted growth significantly during the forecast period.  Hospitals & Clinics segment is one of the fastest growing segments, growing at 14.1% CAGR during the forecast period.

By geography, the hand dryers market is divided into major regions such as North America, Europe, Asia Pacific, Latin America and the Middle East and Africa. In terms of volume, Europe accounted for more than 35% market share in 2016. In terms of volume, Europe held the largest market share in 2016. The growing demands for cost-effective, eco-friendly and hassle-free devices are fueling the hand dryers’ sales in the European region. Countries such as Italy, France, Germany, Spain and the U.K. have emerged as the most worthwhile markets for hand dryers. However, Asia-Pacific is expected to exhibit a comparatively higher growth due to improvement in infrastructure development in countries like China, India, Japan and South Korea. In addition, Growing shift in demographics, the number of millennial entering the workforce, the preferences of this distinctive demographic fueling the growth of commercial infrastructure.

Browse the full "Hand Dryer Market (Hot hand dryers and Jet hand dryers) Market for Hotel, Hospitals & Clinics, Food processing & Service Industry, Commercial Complexes, Office Buildings and Others Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 - 2022" report at https://www.zionmarketresearch.com/report/hand-dryer-market

North America is also expected to show significant growth rate for hand dryers market due to growing adoption of hand dryers in food service industry to meet cleanliness standards for food service.

Some of the key players include in hand dryer market such as American Dryer, Inc., Bradley Corporation, Dyson Ltd., Electrostar Gmbh, Excel Dryer, Inc., Mitsubishi Electric Corporation and World Dryer Corporation. 

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This report segments the global hand dryer market as follows:

Global Hand Dryer Market: Type Segment Analysis

  • Hot hand dryers 
  • Jet hand dryers

Global Hand Dryer Market: Application Segment Analysis

  • Hotel
  • Hospitals & Clinics
  • Food processing & Service Industry
  • Commercial Complexes
  • Office Buildings
  • Others

Global Hand Dryer Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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