Market Research Report
Published: April 1, 2021
Global Industry Analysts, Inc.
Content info: 286 Pages
Delivery time: 1-2 business days
Global Hand Dryer Market to Reach $1.5 Billion by 2027
Amid the COVID-19 crisis, the global market for Hand Dryer estimated at US$742.5 Million in the year 2020, is projected to reach a revised size of US$1.5 Billion by 2027, growing at aCAGR of 10.6% over the period 2020-2027. Hot hand dryers, one of the segments analyzed in the report, is projected to record 10.4% CAGR and reach US$949.7 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Jet hand dryers segment is readjusted to a revised 11% CAGR for the next 7-year period.
The U.S. Market is Estimated at $200.6 Million, While China is Forecast to Grow at 13.9% CAGR
The Hand Dryer market in the U.S. is estimated at US$200.6 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$321 Million by the year 2027 trailing a CAGR of 14% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.4% and 9.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.3% CAGR.
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