The North America Hand Dryer Market would witness market growth of 13.0% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 721.1 thousand units, showcasing a growth of 11.2% (2019-2022).
High-speed hand dryers have become a game-changer in the industry. These dryers use powerful airflow to quickly and effectively dry hands in seconds, offering a superior user experience. The increased speed is a convenience for users and contributes to reduced energy consumption and overall efficiency. They are no longer just functional devices; they have evolved into design elements in restroom aesthetics. Manufacturers offer various customization options, including different finishes, colours, and branding opportunities.
Hand dryers are common in public restrooms in airports, train stations, shopping malls, restaurants, and other high-traffic areas. Their presence has reduced the need for paper towel dispensers and waste bins, making restrooms more efficient and sustainable. Many businesses, from small to large corporations, opt for these dryers in their restrooms. The cost savings, environmental benefits, and hygiene advantages make these dryers a practical choice for businesses looking to enhance the customer experience. Schools and universities often install these dryers to encourage eco-friendly practices and promote good hygiene among students and staff.
High-speed hand dryers are favoured in sports arenas and event centres due to their ability to serve large crowds efficiently. They help maintain restroom cleanliness and hygiene during peak usage times. Government institutions often adopt eco-friendly policies, making these dryers a logical choice for their facilities. These institutions appreciate the cost savings and sustainability benefits.
According to the government of Canada, in 2022, the food and beverage processing sector was the largest manufacturing sector in Canada in terms of value of production, with sales of goods manufactured worth $156.5 billion; it accounted for 18.2% of total manufacturing sales and 1.7% of the national Gross Domestic Product (GDP). As Canada's food and beverage processing industry continues to grow, the need for efficient, hygienic, and sustainable hand-drying solutions is likely to increase. The factors mentioned above will propel the market growth in this region.
The US market dominated the North America Hand Dryer Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $675.7 million by 2030. The Canada market is showcasing a CAGR of 15.5% during (2023 - 2030). Additionally, The Mexico market would register a CAGR of 14.5% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The 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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