Global Automatic Hand Dryer market will reach 1230 million US$ by the end of 2025
The global Automatic Hand Dryer market is valued at 400 million US$ in 2017 and will reach 1230 million US$ by the end of 2025, growing at a CAGR of 15.1% during 2018-2025. https://www.qyresearch.com/index/detail/319292/global-automatic-hand-dryer-sales-market
The global Automatic Hand Dryer market is valued at 400 million US$ in 2017 and will reach 1230 million US$ by the end of 2025, growing at a CAGR of 15.1% during 2018-2025.
https://www.qyresearch.com/index/detail/319292/global-automatic-hand-dryer-sales-market
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<strong>Global</strong> <strong>Automatic</strong> <strong>Hand</strong><br />
<strong>Dryer</strong> <strong>market</strong> <strong>will</strong> <strong>reach</strong><br />
<strong>1230</strong> <strong>million</strong> <strong>US$</strong> <strong>by</strong> <strong>the</strong><br />
<strong>end</strong> <strong>of</strong> <strong>2025</strong><br />
Custom Research|Research Report|Management Consulting|Seminar|Database
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QYResearch<br />
• <strong>Automatic</strong> hand dryers are electric machines found in public bathrooms.<br />
They may ei<strong>the</strong>r operate with <strong>the</strong> push <strong>of</strong> a button or automatically<br />
using a sensor. <strong>Hand</strong> washing is an important part <strong>of</strong> hygiene, and so an<br />
effective method <strong>of</strong> drying <strong>the</strong> hands is necessary.<br />
• The high growth rate due to <strong>the</strong> adoption in various <strong>end</strong>-use industries<br />
including hotels and restaurants, <strong>of</strong>fice buildings, educational<br />
institutes, shopping & commercial complex and multiplexes, railway<br />
station, and airports. The ecological and economic benefits <strong>of</strong>fered <strong>by</strong><br />
hand dryers are also anticipated to fuel <strong>the</strong> product adoption.
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QYResearch<br />
On <strong>the</strong> basis <strong>of</strong> product type, automatic hand dryers are<br />
categorized into hot hand dryer and jet hand dryer. Jet<br />
hand dryers accounted for 49.32% revenue share in 2017<br />
and are estimated to grow at a CAGR <strong>of</strong> more than 16.5%<br />
over <strong>the</strong> forecast period. This can be primarily attributed to<br />
<strong>the</strong> increasing installation at airports, hotels and restaurants,<br />
<strong>of</strong>fice buildings, and shopping complexes. The high cost<br />
associated with jet air as compared to hot air variants may<br />
hinder <strong>the</strong> product demand in <strong>the</strong> near future.
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QYResearch<br />
The hotel and restaurant <strong>end</strong>-use segment accounted<br />
for more than 60% <strong>of</strong> <strong>the</strong> overall <strong>market</strong> share in<br />
2017, which is estimated to increase over <strong>the</strong><br />
forecast period. This can be attributed to <strong>the</strong> rapid<br />
growth in <strong>the</strong> hospitality industry on account <strong>of</strong> surge<br />
in <strong>the</strong> number <strong>of</strong> restaurants, pubs, and hotels paired<br />
with <strong>the</strong> increasing tourism activities worldwide.
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QYResearch<br />
The European hand dryers <strong>market</strong> is anticipated to be a major regional<br />
segment owing to <strong>the</strong> growing adoption <strong>of</strong> eco-fri<strong>end</strong>ly, hassle-free, and<br />
cost effective devices. This region accounted for over 34.6% <strong>of</strong> <strong>the</strong> overall<br />
revenue share in 2017 and is estimated to grow at a CAGR <strong>of</strong> more than<br />
13.6% over <strong>the</strong> forecast period. The demand in Asia-Pacific is estimated to<br />
show robust growth on account <strong>of</strong> <strong>the</strong> developing infrastructure in<br />
countries including China, India, and Thailand coupled with <strong>the</strong> increasing<br />
awareness <strong>of</strong> <strong>the</strong> benefits <strong>of</strong> using technologically advanced devices. This<br />
region accounted for over 29% <strong>of</strong> <strong>the</strong> overall revenue share and is<br />
estimated to grow at a CAGR <strong>of</strong> more than 17% over <strong>the</strong> forecast period.
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QYResearch<br />
The global <strong>Automatic</strong> <strong>Hand</strong> <strong>Dryer</strong> <strong>market</strong> is<br />
valued at 400 <strong>million</strong> <strong>US$</strong> in 2017 and <strong>will</strong> <strong>reach</strong><br />
<strong>1230</strong> <strong>million</strong> <strong>US$</strong> <strong>by</strong> <strong>the</strong> <strong>end</strong> <strong>of</strong> <strong>2025</strong>, growing at<br />
a CAGR <strong>of</strong> 15.1% during 2018-<strong>2025</strong>.<br />
Click to view <strong>the</strong> full report:<br />
https://www.qyresearch.com/index/detail/319292/globalautomatic-hand-dryer-sales-<strong>market</strong>