Jet Hand Dryer Market is Anticipated to Grow at an Impressive CAGR During 2021-2026

February 09, 2022

The report on the Jet Hand Dryer Market is segmented  By Operation (Manual On-Automatic Off, Fully Automatic), By End-Use (Airports, Hotel & Restaurants, Hospitals, Offices, Shopping Malls, Others), and Region - COVID-19 Impact Analysis and Forecast to 2026. The historic years considered for the study are 2016-2019, base year is 2020, estimated year is 2021, and forecast period is 2021-2026.

Market Insights

The Jet Hand Dryer Market is estimated to grow from USD xx million in 2020 to USD xx million by 2026 at a healthy CAGR of 12.4% during the forecast period.

Key players

Some of the major players operating in the global Jet Hand Dryer Market are-

• Dyson Ltd (UK)

• American Dryer (US)

• World Dryer (US)

• Mitsubishi Electric (Japan)

• Bio JetDrier (US)

• Panasonic (Japan)

• Hokwang Industries (Taiwan)

• Palmer Fixture (US)

• Excel Dryer Inc. (US)

• JVD SAS (France).

Report Features

The report provides critical insights into the market dynamics that enables strategic decision making that is critical to the growth of the existing players as well as those planning to enter the market. This report offers an improvised approach to consolidate the growth decisions by covering the following features –

• Market structure - as it reflects the value chain of different commodities in the market.

• Drivers and Constraints - as both can affect any element of the marketing mix -- product, budget, and place, etc.

• Market Forecast - a part of the decision-making process. This helps users with facts regarding projected sales dimensions, costs, market shares, and other areas of planning.

• Competitive landscape and dynamics: The user can determine the strengths and gaps. The information mentioned here will work towards enhancing the brand's strategy.

• Growth strategies - allowing a small business to survive unexpected changes, and to grow into a bigger entity, and gain a greater competitive advantage.

 

Market Dynamics

The report covers maximum factors that affect the Jet Hand Dryer Market. According to this report,

The growing adoption of a jet hand dryer in several end-use sectors such as hotels, airports, offices, hospitals, and shopping malls are a key factor boosting the market growth. The total shipment of overall air dryers was around 3,120 thousand units in 2020 and is likely to reach 7,715 thousand units by 2025. Economic and environmental benefits of jet hand dryers are further anticipated to offer immense growth opportunities to the industry players during the forecast timeline.

Segments' Analysis

End-User Trends

Based on end-user, the jet hand dryer market is classified into airports, hotels & restaurants, hospitals, offices, shopping malls, and others. The hotel & restaurants segment held a significant market share in 2020 and is estimated to register a healthy CAGR during the forecast timeline. This is mainly attributed to the significant growth of the hospitality sector on account of the surge in the number of pubs, restaurants, and hotels, coupled with rising tourism activities worldwide, which bolsters the segment growth. 

Regional Trends

By region, the European market accounted for a significant share in 2020 and is expected to grow at a substantial CAGR in the following years. This is mainly ascribed to the growing adoption of ecological, cost-effective, and hassle-free devices, which have contributed to the regional market growth. Additionally, the growing tourism industry and infrastructure development further proliferate the regional market growth.

 

Critical Questions Answered in the Report

• What are the key trends in the global Jet Hand Dryer Market?

• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?

• What is the impact of COVID-19 on global Jet Hand Dryer Market?

• What are the key strategies adopted by the major vendors to lead in the global Jet Hand Dryer Market?

• What is the market share of the top vendors?

 

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Author : Harshad