Global Hand Dryer Market to Reach $1.5 Billion by 2027
Amid the COVID-19 crisis, the global market for Hand Dryer estimated at US$742.5 Million in the year 2020, is projected to reach a revised size of US$1.5 Billion by 2027, growing at a CAGR of 10.6% over the period 2020-2027. Hot hand dryers, one of the segments analyzed in the report, is projected to record 10.4% CAGR and reach US$949.7 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Jet hand dryers segment is readjusted to a revised 11% CAGR for the next 7-year period.
The U.S. Market is Estimated at $200.6 Million, While China is Forecast to Grow at 13.9% CAGR
The Hand Dryer market in the U.S. is estimated at US$200.6 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$321 Million by the year 2027 trailing a CAGR of 14% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.4% and 9.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.3% CAGR.
Select Competitors (Total 46 Featured):
Amid the COVID-19 crisis, the global market for Hand Dryer estimated at US$742.5 Million in the year 2020, is projected to reach a revised size of US$1.5 Billion by 2027, growing at a CAGR of 10.6% over the period 2020-2027. Hot hand dryers, one of the segments analyzed in the report, is projected to record 10.4% CAGR and reach US$949.7 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Jet hand dryers segment is readjusted to a revised 11% CAGR for the next 7-year period.
The U.S. Market is Estimated at $200.6 Million, While China is Forecast to Grow at 13.9% CAGR
The Hand Dryer market in the U.S. is estimated at US$200.6 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$321 Million by the year 2027 trailing a CAGR of 14% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.4% and 9.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.3% CAGR.
Select Competitors (Total 46 Featured):
- American Dryer Corporation
- Bradley Corporation
- Dyson Ltd.
- ELECTROSTAR GmbH
- Excel Dryer Inc.
- Mitsubishi Electric Corporation
- World Dryer
Frequently Asked Questions about the Global Market for Hand Dryer
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I. METHODOLOGY
II. EXECUTIVE SUMMARY
III. MARKET ANALYSIS
IV. COMPETITION
II. EXECUTIVE SUMMARY
- Influencer Market Insights
- Impact of Covid-19 and a Looming Global Recession
III. MARKET ANALYSIS
IV. COMPETITION
- Total Companies Profiled: 46
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