PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1103580
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1103580
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Global Electric Hand Dryers Market to Reach $845.5 Million by 2027
In the changed post COVID-19 business landscape, the global market for Electric Hand Dryers estimated at US$530.2 Million in the year 2020, is projected to reach a revised size of US$845.5 Million by 2027, growing at aCAGR of 6.9% over the period 2020-2027. Automatic, one of the segments analyzed in the report, is projected to record 7.8% CAGR and reach US$683.1 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Push Button segment is readjusted to a revised 3.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $160.1 Million, While China is Forecast to Grow at 8.3% CAGR
The Electric Hand Dryers market in the U.S. is estimated at US$160.1 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$94.6 Million by the year 2027 trailing a CAGR of 8.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.9% and 6.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 6.5% CAGR.
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