Hand Dryer Market to Grow Over 10% Annually to $3.55 Billion by 2032, Driven by Asia Pacific Demand and Increasing Use in Restaurants and Hotels
-
The global hand dryer market is projected to grow from $1.27 billion in 2022 to $3.55 billion in 2032 at a CAGR of 10.84%.
-
Asia Pacific is expected to witness the highest growth during the forecast period due to rising urbanization, growing healthcare sector, and sustainability initiatives.
-
Jet air dryers accounted for the largest market share of 65.14% in 2022. Automatic hand dryers dominated with a 72.58% market share.
-
Wall mounted hand dryers held the biggest market share of 62.85% in 2022. Hotels & restaurants was the largest end user segment with a 26.81% share.
-
Key players in the market include Dyson, Excel Dryer Inc., Palmer Fixture, Panasonic Corporation, and others. Product innovation and geographic expansion are key growth strategies.