The hand dryer is mentioned as electric devices which is utilized to dry wet hands by the support of blowing air. It has a broad variety of application in hotels, public washrooms, malls and several others. As the hand washing is an essential portion of hygiene, and so an effective manner of drying the hands is essential. It is a ground breaking technology that supports in saving the environment with the mission to substitute paper towel with the blowing air.
According to the report analysis, ‘Global Hand Dryer Market to reach USD 1883.42 Million by 2026’ states that the praiseworthy application of hand dryer in hygiene mechanism and growing burden of COVID-19 around the globe is projected to influence the growth of hand dryers’ market over the review years. Not only has this, hand dryers are broadly utilized in food industries while or before formulating food to eradicate bacteria/moisture, for determination of hand contamination and environment contamination and several others. Therefore, increasing food and beverage industry around the worldwide and extraordinary application of Hand dryers in it is propelling the growth of market over the review years. For instance: As per Plant and Food Research, the worldwide food and beverage industry is increasing at nearby 5% a year and the worldwide expenditure experienced on food products by customer is projected to reach over USD 20 trillion by 2030. Thus, the speedy growth in Food and beverage industry is propelling the growth of market over the review years. Whereas, existence of stringent government regulation concerning hygiene products and increasing awareness among individuals regarding hand hygiene is projected to quicken the growth of market over the review years. However, great cost of initial installation of these devices as associated to paper towels is one of the protuberant aspects limiting the acceptance of hand dryers over the upcoming years.
Whereas, the worldwide Hand Dryer Market is valued nearly USD 879.07 Million in 2019 and is anticipated to increase with a healthy growth rate of more than 11.50% over the review period of 2019-2026. However, the regional analysis of worldwide Hand Dryer market is considered for the foremost regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. The North America is the leading/significant economy across the world in terms of market share due to the progression in technology along with increasing requirement for environmental-friendly devices simplifies paper and power saving is projected to propel the growth of market in the region over the review years. Whereas, the Asia-Pacific is also projected to exhibit greatest growth rate / CAGR over the forecast period of 2020-2026. Aspects such as speedy growth in food and beverage industries and praiseworthy application of hand dryers in it for hygiene determination would create rewarding growth prospects for the Hand Dryer market around the Asia-Pacific region. Therefore, in the near years, it is anticipated that the market of hand dyer will increase around the globe more significantly over the upcoming years.
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Ankur Gupta, Head Marketing & Communications