Is Sustainability Key in the US Hand Dryer Market?

25 September 2020

High-speed hand dryers are adopted in numerous public places that include the railway stations, office building, and several others. The vendors catering to the US high-speed hand dryer market are mainly focusing on the development of strategic partnership to meet the growing demand. High-speed hand dryers are mainly sold through dealer distribution channels and retail stores. Commercial high-speed hand dryers are also available in e-commerce portals of the OEMs and online direct-to-consumer stores such as Amazon, Alibaba, and more. The purpose of using online sales is primary as vendors can promote their innovative products in the respective markets. The growth in online sales is expected to increase during the forecast period. The high-speed hand dryer market is witnessing intense competition amongst the major players. The rapid change in the market in terms of innovation and technology advancement are acting as a catalyst, intensifying the competition among the existing players. Especially, in the fast-growing development, local vendors are expected to expand their presence worldwide during the forecast period. Furthermore, the growth of the market players depends on their condition, GDP growth, and urban development. Vendors are also focusing on sustainable and eco-friendly hand dyer products. The US hand dryer market has witnessed the inclusion of the eco-friendly segment that is their USP in recent years. Environmental regulations are rising globally particularly in the US market to find effective solutions for environmental concerns.

Key Insights in the Market Include:

  1. The corporate requirements grew by more than 20% in 2018, thereby influencing the high-speed hand dryer market. However, due to COVID-19, the situation for open corporate offices has been vastly affected.
  2. The hot air hand dryers segment accounts for more than 70% market in terms of unit shipment in 2019 due to considerably lower price than jet hand dryers.
  3. Based on operation segment, hands-under has emerged has one of the largest shareholders in terms of revenue accounting CAGR over to 6% during the forecast period.

Read: U.S. High-Speed Hand Dryer Market Industry Outlook and Forecast 2020-2025

 Focus on Hygiene Maintenance and Emphasis on Infrastructure

Health and hygiene are the utmost priority for maintaining social dynamics for every individual. Developing countries are adopting various policy-driven architecture to sustain a healthy lifestyle in their society. It is creating a need to focus on the use of hygiene products. Over time the market has developed methods to maintain hygiene using commercial hand dryers. High-efficiency particulate air is one of such solutions that has been introduced in the market to maintain hygiene using commercial high-speed hand dryers. Furthermore, hand dryers installed in hospitals should focus on maintaining hygiene, thereby, pushing vendors to develop hand dryers with a hygiene maintenance system.

The infrastructure development has rapidly evolved in recent years with global policymakers focusing on the sustainability infrastructure. The use of smart technology and technological advancements are likely to fuel market growth for high-speed hand dryers. Moreover, with such development, the utilization of commercial high-speed hand dryers in these infrastructures is likely to grow in the coming years. Some of the key business suppliers are expanding into other geographies that are helping the vendors to boost their income and profitability. Vendors are adopting manufacturing methods that minimize item expenses and reduce related hazards.

One-Time Investment for Hand-Dryers

Over the years high-speed hand dryers have evolved from convectional hand-dryers to high-speed commercials hand dryers. Innovation and R&D over the years have resulted in the introduction of innovative products such as jet hand dryers. ROI analysis states that hand dryers are cheaper than paper dispensers in the long run. Considering the commercial use and cost-benefits analysis, it is advisable for end-users to consider the installation of new commercial dryer products.

Impact of COVID-19

Due to the COVID-19 pandemic, there is a reduction in the raw material supply from China and it is impacting the productivity capacity in the hand dryer market. As the manufacturer depends on the complex global supply chain which is mostly centered around China, delay in production and manufacturing is expected. The situation worsened due to the spread of coronavirus as many airlines grounded their flight operation and shipping stopped. This bottleneck further delayed shipment of essential raw material and semi-finished items by many weeks. Players in the hand dryer market are expected to invest heavily in R&D to overcome this pandemic situation.

Read: Automatic Soap Dispenser Market Global Outlook and Forecast 2020-2025

FAQs about U.S High-Speed Hand Dryer Market:

Q. What is the market size of U.S high-speed hand dryer?

The U.S high-speed hand dryer market is projected to reach revenues of over $345 million by 2025.

Q. What is the market growth of U.S high-speed hand dryer?

The U.S high-speed hand dryer market is projected to grow at a CAGR of over 7% by 2025.

Q. What is the market segmentation of U.S high-speed hand dryer?

The U.S high-speed hand dryer market is segmented by product type, end-users, operation, and country.

Q. What is the market insight of U.S high-speed hand dryer?

The retail segment in high-speed hand dryer market is expected to constitute over 93% of the market distribution due to high penetration and reach of retail outlets across the US.

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