Published By : 13 Apr 2016 | Published By : QYRESEARCH
The global hand dryers market has been experiencing an impressive rise. The rising number of hotels and restaurants across the world has been fueling the demand for hand dryers significantly. Apart from this, this market is also gaining impetus from the increasing concerns of people over the depletion of natural sources of water that has encouraged them to reduce water wastage.
Asia Pacific to Report Fastest Growth in Global Hand Dryers Market
North America and Europe are the leading regional markets for hand dryers in the global arena. In 2014, both the regional markets jointly accounted for more than 70% in the overall revenue generated in this market.
On the other hand, Asia Pacific is likely to record the fastest growth in the coming years. The growing awareness pertaining to the advantages hand dryers offer in comparison to paper towels is projected to boost the growth of this regional market over the next few years. China is expected to lead the Asia Pacific hand dryers market in the coming years on account of the increased demand, triggered by the decline in hand dryers’ prices.
Hot Air Hand Dryers to Witness Volume Growth in Near Future
Hot air hand dryers and jet air hand dryers are the major products of the worldwide hand dryer market. In 2014, the demand for jet air hand dryers was more than that of hot air hand dryers, which impacted greatly on the revenues generated by both the segments. However, in the coming years, the high cost of jet air hand dryers are likely to result in declined sales of them, eventually boosting the sales volume of hot air hand dryers.
American Dryer Inc., Dyson Ltd., Bradley Corp., Electrostar GmbH, JVD SAS, Excel Dryer Inc., Mitsubishi Electric Corp., World Dryer Corp., TOTO Ltd., and SPL Ltd. are some of the prime manufacturers of hand dryers in the global arena.