Hand Drying Machine is an electric device that employs a heating element and an air blower to dry the hands after washing them. It is widely used as a cheap substitute for paper towels in public restrooms. Energy and paper conservation are encouraged by rising demand for environmentally friendly equipment, which is anticipated to promote industry growth throughout the forecasted period. The business is anticipated to be driven over the next years by a need to save operational costs, particularly in office buildings and shopping centres. The growing awareness of washroom hygiene is to blame for hand dryers' rising popularity. Additionally, a focus on eco-friendly products and a growing demand for hand dryers in India are projected to drive the market in the coming years.
Despite the terrible circumstances, the pandemic did have some positive outcomes. Various respite has been given by the creation of vaccines and the approval of those vaccines in some nations. During the post-pandemic period, it is anticipated that the worldwide hand dryer market would have a V-shaped recovery. The revenue of the major market participants did, however, show an increase tendency in the fourth quarter of 2022–2030.
In addition, a focus on eco-friendly products and a promotion of less paper usage are projected to drive the Indian hand dryer market in the upcoming years. Paper towels are increasingly being replaced by hand dryers. The lifespan of a hand dryer is substantially longer than that of a paper towel, despite the fact that the unit cost of a hand drier is higher. Rising discretionary income and government backing are expected to stifle development in the next years.
The majority of end users use hand dryers in restrooms and public restrooms to lower operating costs, shorten hand drying times, and maintain hygienic environments. A common tactic used by the major players in the hand dryer market is the product launch exhibiting new technology to make items in accordance with consumer requests.
During the projected period, automatic hand dryers were the most widely used hand dryers. Due to their touchless feature and improved efficiency, these hand dryers will continue to rule the international market. Regionally, Europe has demonstrated a notable uptake of automated hand dryers, expected to reach 33% share in 2030. Because of people' growing environmental concerns and increased health knowledge, the UK has dominated the market throughout the analysed period.
The Global Hand Drying Machine Market is valued at USD 980.16 billion in 2022 and is projected to reach a value of USD 2341.51 billion in 2030 expanding at a CAGR of 11.5% over the forecast period of 2022-2030.
The hand drying machine market is boosting because of the increasing adoption in several end-use industries that includes, airports, hotel and restaurants, hospitals, offices, as well as shopping malls.
Global Hand Drying Machine Market- Key Market Trends:
One of the major factor that has fuelled the market growth over the forecast period is the rising number of restaurants, food chains, and hotels universally. This is because the hand drying market is very popular and useful mainly in the food and beverages industry.
Also, the infrastructural progress in the developing economies have also provided lucrative opportunities to the market growth.
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Global Hand Drying Machine Market- Segmental Analysis
Based on Product
- Jet air
- Hot air
The jet air segment has dominated the market growth over the forecast period. This is because of the rise in installation at hotels, airports and restaurants, office buildings, and shopping malls. The cost that is related to jet air as compared to hot air dryers is high and might hinder the product demand in the coming years.
Based on End-Use Industry
- Airports
- Hotel Restaurants
- Hospitals
- Offices
- Shopping Malls
- Others
The hotels and restaurants segment has dominated the market growth over the forecast period. This is because of rapid growth of the hospitality industry on account of rise in the number of restaurants, pubs, and hotels, along with increasing tourism activities worldwide.
Based on operation mode
- Manual On-Automatic Off
- Fully Automatic
The fully automatic segment has dominated the market growth over the forecast period. This is because of better convenience and user satisfaction that has been offered by these products. Fully automatic devices also do not require any human touch to operate, which minimizes social efforts and is the prime factor to dominate the market growth.
Based on mounting technique
- Surface Mounted
- Wall Mounted
The wall mounted segment has dominated the market growth over the forecast period. This is because of the less space occupancy by these devices. Also, space occupancy concerns have significantly driven the adoption of hand dryers, particularly in compact restrooms with high traffic.
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