Global Hand Dryer Market 2020

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Transparency Market

Research

Global Hand Dryer Market to Rise at 11.4% CAGR till

2020

Published Date

2014-08-26

77 Page Report

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Report

Global Hand Dryer Market - Industry Analysis, Size, Share,

Growth, Trends and Forecast 2014 - 2020

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Global Hand Dryer 2016

REPORT DESCRIPTION

Global Hand Dryer Market

According to the market study, titled ‘Global Hand Dryer Market - Industry Analysis, Size,

Share, Growth, Trends and Forecast 2014 - 2020’, the global hand dryers market was worth

US$442 mn in 2013. The market is expected to more than double in value from 2014 to 2020,

reaching a total valuation of almost US$931 mn. The market is expected to grow at an 11.4%

CAGR by value between 2014 and 2020, while on the basis of volume, the market is expected to

grow from 2,000 units to more than 4,300 at a 12% CAGR in the same timeframe.

Innovative design and features of hand dryers have led to the increasing demand of these

appliances in public restrooms in places such as hotels, restaurants, office buildings and

educational institutes among others. Global market for hand dryers was valued at USD 442.0

million in 2013 and is expected to reach USD 930.8 million by 2020, growing at a CAGR of 11.4%

during the forecast period from 2014 to 2020. Hand dryer is classified as jet air hand dryers and

hot air hand dryers.

Growing hygiene standards and increasing demand of eco friendly appliances has supported the

growth of the market. The installation of hand dryers in public restrooms in places such as hotels,

restaurants, office buildings, hospitals and educational institutes among others has additionally

supported the growth of the market. The growing demand for such systems can also be

attributed to the power saving nature of the...