Global Electric Hand Dryers Market to grow at a CAGR of 13.29% during the period 2017 - 2021; Finds New Report

Report forecast the global electric hand dryers market to grow at a CAGR of 13.29% during the period 2017-2021.

The global electric hand dryers market is growing at a considerable rate, primarily because of the increased demand for eco-friendly appliances and the long-term cost-effectiveness that these appliances offer. With the increased awareness of the benefits of maintaining washroom hygiene, the market at present is growing at a relatively fast rate. Several research institutions and market vendors across the globe have started increasing their investments in this field. Even though developing these products require high initial investments, these are ultimately beneficial for end-users in terms of convenience.

The report covers the present scenario and the growth prospects of the global electric hand dryers market for 2017-2021. To calculate the market size, the report considers the revenue generated through the sales of electric hand dryers has been considered.

The market is divided into the following segments based on geography:

• Americas
• APAC
• Europe
• MEA

According to the report, one of the major drivers for this market is low cost of ownership and demand for sophistication. Electric hand dryers help reduce long-term cost on paper towels, disposal, and waste maintenance. Even though a hand dryer costs more than a paper towel dispenser in terms of purchase and installation, this cost is repaid within 6-7 months, which makes it a more economical choice in comparison to paper towels.

Further, the report states that one of the major factors hindering the growth of this market is issues with efficacy, noise, and skin irritation. Electric hand dryers often fail to achieve the desired result, which might lead to customer dissatisfaction. For people with sensitive skin, even light to moderate use of a hot air hand dryer can cause skin irritation. Some consumers have also reported that using hand dryers causes the skin to become excessively dry and rough, and triggers a burning sensation.

Global Electric Hand Dryers Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global electric hand dryers market: American Dryer, Dyson, Excel Dryer, Mitsubishi Electric, and World Dryer.

Other Prominent Vendors in the market are: Askon Engineers, Bio JetDrier, HOKWANG INDUSTRIES, Taishan Jieda Electrical Industrial, Panasonic, and Palmer Fixture.

Market driver

• Low cost of ownership and demand for sophistication
• For a full, detailed list, view our report

Market challenge

• Issues with efficacy, noise, and skin irritation
• For a full, detailed list, view our report

Market trend

• Focus on customization, design, and the aesthetic factor
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 77 pages and 35 Exhibits “Global Electric Hand Dryers Market 2017 - 2021” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by operation, Market segmentation by product, Market segmentation by end-user, Segmentation by retail formats, Geographical segmentation and key leading countries, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

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