The Asia Pacific Hand Dryer Market would witness market growth of 14.0% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 847.1 thousand units, showcasing a growth of 12.1% (2019-2022).
The hand dryer market is a dynamic and evolving industry that is pivotal in enhancing hygiene, reducing environmental impact, and improving operational efficiency in various settings. These dryers have become ubiquitous in public restrooms, commercial establishments, and even homes, revolutionizing how people dry their hands after washing them. One of the most prominent trends in the market is the increasing focus on sustainability and environmental responsibility. The push to reduce paper waste has led to a growing adoption of electric hand dryers, which offer an eco-friendly choice to traditional paper towels. This shift aligns with efforts to lower waste, conserve natural resources, and reduce carbon footprint.
Automatic hand dryers equipped with touchless sensors have gained immense popularity due to their ability to minimize the risk of cross-contamination. Touchless technology ensures that users can dry their hands without touching surfaces, enhancing restroom hygiene. Hand dryer manufacturers have invested in research and development to create more energy-efficient models. By optimizing motor efficiency, airspeed, and heating elements, these newer hand dryers reduce energy consumption and translate into cost savings for businesses. The focus on energy efficiency is environmentally responsible and economically advantageous for manufacturers and end-users.
According to the US Department of Agriculture, China's Hotel, Restaurant, and Institutional (HRI) sector recorded $ 573 billion in sales revenue in 2020. As the HRI sector in China continues to grow, hand dryers are likely to be in higher demand as essential components of restroom facilities. The aforementioned factors will drive the market growth in this region.
The China market dominated the Asia Pacific Hand Dryer Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $259.2 million by 2030. The Japan market is experiencing a CAGR of 13.2% during (2023 - 2030). Additionally, The India market would exhibit a CAGR of 14.7% during (2023 - 2030).
Based on Type, the market is segmented into Jet Hand Dryer, and Hot Hand Dryer. Based on Mode of Operation, the market is segmented into Automatic, and Push Button. Based on End User, the market is segmented into Food Processing & Service Industry, Hotels, Hospitals & Clinics, Commercial Complexes, Office Buildings, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Hand Dryer Market is Predict to reach $3.3 Billion by 2030, at a CAGR of 13.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Raytheon Technologies Corporation, Whirlpool Corporation, Mitsubishi Electric Corporation, Panasonic Corporation, Dyson Limited, Toto Ltd., Excel Dryer (Denis Gagnon), Hokwang Industries Co., Ltd., Bobrick Washroom Equipment, Inc., Bradley Corporation
By Type (Volume, Thousand Units, USD Billion, 2019-2030)
By Mode of Operation (Volume, Thousand Units, USD Billion, 2019-2030)
By End User (Volume, Thousand Units, USD Billion, 2019-2030)
By Country (Volume, Thousand Units, USD Billion, 2019-2030)
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