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Hand Dryer Market to Reach USD 137.19 Million By 2024, Bradley Corp. and Dyson Ltd. Emerge as Key Contributors to Growth| Technavio

LONDON--(BUSINESS WIRE)--Oct 9, 2020--

Technavio has been monitoring the hand dryer market and it is poised to grow by USD 137.19 million during 2020-2024, progressing at a CAGR of over 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201009005278/en/

Technavio has announced its latest market research report titled Global Hand Dryer Market 2020-2024 (Graphic: Business Wire)

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions-

  • Based on segmentation by product, which is the leading segment in the market?
  • The hot air hand dryers are expected to be the leading segment in the global market.
  • What are the major trends in the market?
  • Innovation in product design, technology & features is one of the major trends in the market.
  • At what rate is the market projected to grow?
  • Growing at a CAGR of over 4%, the incremental growth of the market is anticipated to be USD 137.19 million.
  • Who are the top players in the market?
  • Bradley Corp., Dyson Ltd., Euronics Industries Pvt. Ltd., Excel Dryer Inc., JVD SAS, Mitsubishi Electric Corp., Panasonic Corp., Rexnord Corp., STIEBEL ELTRON GmbH & Co. KG, and Toto Ltd. are some of the major market participants.
  • What are the key market drivers and challenges?
  • Growth of hospitality industry is one of the major factors driving the market. However, the high preference for paper towels restraints the market growth.
  • How big is the Europe market?
  • The Europe region will contribute 43% of market growth.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Bradley Corp., Dyson Ltd., Euronics Industries Pvt. Ltd., Excel Dryer Inc., JVD SAS, Mitsubishi Electric Corp., Panasonic Corp., Rexnord Corp., STIEBEL ELTRON GmbH & Co. KG, and Toto Ltd. are some of the major market participants. The growth of the hospitality industry will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Hand Dryer Market 2020-2024: Segmentation

Hand Dryer Market is segmented as below:

  • Product
    • Hot Air Hand Dryers
    • Jet Air Hand Dryers
  • Geography
    • Europe
    • North America
    • APAC
    • South America
    • MEA
  • Operation
    • Automatic Hand Dryers
    • Push-button Hand Dryers

To learn more about the global trends impacting the future of market research, download a free sample:https://www.technavio.com/talk-to-us?report=IRTNTR43845

Hand Dryer Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The hand dryer market report covers the following areas:

  • Hand Dryer Market Size
  • Hand Dryer Market Trends
  • Hand Dryer Market Analysis

This study identifies innovation in product design, technology & features as one of the prime reasons driving the hand dryer market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Hand Dryer Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist hand dryer market growth during the next five years
  • Estimation of the hand dryer market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the hand dryer market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of hand dryer market vendors

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product
  • Hot air hand dryers - Market size and forecast 2019-2024
  • Jet air hand dryers - Market size and forecast 2019-2024
  • Market opportunity by Product

Market Segmentation by End-user

  • Market segments
  • Comparison by End-user
  • Hotels and restaurants - Market size and forecast 2019-2024
  • Shopping malls and complex - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by End-user

Market Segmentation by Operation

  • Market segments
  • Comparison by operation
  • Automatic hand dryers - Market size and forecast 2019-2024
  • Push-button hand dryers - Market size and forecast 2019-2024
  • Market opportunity by Operation

Customer Landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • Europe - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Bradley Corp.
  • Dyson Ltd.
  • Euronics Industries Pvt. Ltd.
  • Excel Dryer Inc.
  • JVD SAS
  • Mitsubishi Electric Corp.
  • Panasonic Corp.
  • Rexnord Corp.
  • STIEBEL ELTRON GmbH & Co. KG
  • Toto Ltd.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20201009005278/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email:[email protected]

Website:www.technavio.com/

KEYWORD:

INDUSTRY KEYWORD: CONSTRUCTION & PROPERTY OTHER CONSTRUCTION & PROPERTY

SOURCE: Technavio Research

Copyright Business Wire 2020.

PUB: 10/09/2020 06:15 PM/DISC: 10/09/2020 06:15 PM

http://www.businesswire.com/news/home/20201009005278/en

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