Global Electric Hand Dryer Market 2016-2020
"Global
Electric Hand Dryer Market 2016-2020".
The Report covers current Market Trends, Analysis, Forecast, Review,
Share, Size, Growth, Effect.
Description-
Market
outlook of electric
hand dryers
The
demand for eco-friendly appliances and increased awareness about
washroom hygiene has led to the high adoption of electric hand
dryers, which resulted in a projected CAGR of over 12% for this
market during the forecast period. Hand dryers are widely used in the
hospitality industry, therefore their growth in the hospitality
sector is expected to contribute considerably to the growth of the
electric hand dryer market.
Customization
of products is another fast-moving trend that is driving the growth
of the electric hand dryers market. Manufacturers in the hand dryers
market are offering customization to cater to the needs of the users.
For instance, World Dryer introduced it's SMARTdri Plus energy
efficient and high-speed hand dryer into the market. Such innovations
in the market are likely to uplift the electric hand dryers market
during the forecast period.
Segmentation
and analysis by product of the electric hand dryer market
Hot
hand dryer
Jet
hand dryer
With
an enormous share of more than 63%, the hot hand dryer segment
dominated the electric hand dryer market and is like to maintain its
number one position during the forecast period. The demand for these
dryers is much higher compared to jet hand dryers because they are
less expensive. Restaurants, hotels, offices, hospitals, malls, and
airports in APAC and ROW use hot hand dryers.
Geographical
segmentation and analysis of the electric hand dryer market
APAC
Europe
North
America
ROW
Europe
accounted for nearly 50% of the market share in 2015, wherein the
German market contributes the largest share in this region, followed
by France. Italy and the UK also among the top markets in this
region. The EU has the largest number of hotels and restaurants,
which is the main factor driving the growth of the electric hand
dryer market in this region.
Competitive
landscape and key vendors
Manufacturers
in the electric hand dryers market are continuously trying to address
the challenges faced and launch several innovate products to cater to
the need of the users. The competition in the present market scenario
is fierce, hence continuous product innovation by vendors is the key
factor to withstand the competition and enhance their market share.
Some vendors are focusing on producing electric hand dryers that are
both user-friendly and eco-friendly.
The
leading vendors in the market are -
American
Dryer
Dyson
Excel
Dryer
Mitsubishi
Electric
World
Dryer
Other
prominent vendors in the market include Askon Engineers, Bio
JetDrier, Hokwang Industries, Taishan Jieda Electrical Industrial,
Panasonic, Palmer Fixture, and Warner Howard UK.
Key
questions answered in the report include
What
will the market size and the growth rate be in 2020?
What
are the key factors driving the global electric hand dryer market?
What
are the key market trends impacting the growth of the global electric
hand dryer market?
What
are the challenges to market growth?
Who
are the key vendors in the global electric hand dryer market?
What
are the market opportunities and threats faced by the vendors in the
global electric hand dryer market?
For
More Information Kindly Contact:
ResearchMoz
Global Pvt. Ltd.
90
State Street,
Albany,
NY 12207,
United
States
Blog
- http://bit.ly/2b1Ayn6
866-997-4948
(Us-Canada Toll Free),
+1-518-621-2074,
Email
to:
sales@researchmoz.us,
Comments
Post a Comment