The growing usage of these devices in a variety of end-use industries, including as shopping malls, workplaces, hospitals, restaurants and hotels, and airports is likely to drive the global hand dryer market forward. Hand dryers are expected to gain popularity due to their economic and environmental benefits. The need for cleaner bathrooms is increasing all around the world. Additionally, the lower operating cost in comparison to the usual paper towels is driving up demand for hand dryers throughout the world. Jet air dryers are considered more convenient and efficient of all hand dryers, thus their popularity is growing throughout the world.
Tashan Jie Da Electrical Co., Ltd, Dyson Ltd., Mitsubishi Electric Corporation, Tashan Jie Da Electrical Co., Ltd., Excel Dryer Inc., and Bradley Corporation are some of the companies in the global hand dryer market.
The global hand dryer market is anticipated to grow at a 7.1% CAGR over the forecast period, from 2019 to 2027. The market is expected to reach US$ 902.8 Mn through 2027.
The key objective of the report is to offer a complete assessment of the global market including major leading stakeholders of the Hand Dryer industry. The current and historical status of the market together with forecasted market size and trends are demonstrated in the assessment in simple manner. In addition, the report delivers data on the volume, share, revenue, production, and sales in the market.
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Hand Dryer Market: Industry Trends and Value Chain
The study on the Hand Dryer market presents a granular assessment of the macroeconomic and microeconomic factors that have shaped the industry dynamics. An in-depth focus on industry value chain help companies find out effective and pertinent trends that define customer value creation in the market. The analysis presents a data-driven and industry-validated frameworks for understanding the role of government regulations and financial and monetary policies. The analysts offer a deep-dive into the how these factors will shape the value delivery network for companies and firms operating in the market.
Hand Dryer Market: Branding Strategies and Competitive Strategies
Some of the key questions scrutinized in the study are:
- What are some of the recent brand building activities of key players undertaken to create customer value in the Hand Dryer market?
- Which companies are expanding litany of products with the aim to diversify product portfolio?
- Which companies have drifted away from their core competencies and how have those impacted the strategic landscape of the Hand Dryer market?
- Which companies have expanded their horizons by engaging in long-term societal considerations?
- Which firms have bucked the pandemic trend and what frameworks they adopted to stay resilient?
- What are the marketing programs for some of the recent product launches?
The list of key players operating in the Hand Dryer market includes following names:
Dyson Ltd., World Dryer, Excel Dryer Inc., American Dryer, LLC. Mitsubishi Electric Corporation, Bradley Corporation, Electrostar GmbH, SPL Ltd., Tashan Jie Da Electrical Co., Ltd., and Palmer Fixture
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Hand Dryer Market: Assessment of Avenues and Revenue Potential in Key Geographies
Some of the key aspects that the study analyzes and sheds light are:
Which regions are witnessing rise in investments in the supply chain networks?
- Which countries seems to have benefitted from recent import and export policies?
- Which regions have witnessed decline in consumer demand due to economic and political upheavals?
- Which are some the key geographies that are likely to emerge as lucrative markets?
- Which regions are expected to lose shares due to pricing pressures?
- Which regions leading players are expected to expand their footprints in the near future?
- What are some the sustainability trends impacting the logistics and supply chain dynamics in the Hand Dryer market?
- What are some of the demographic and economic environments that create new demand in developing economies?
- How are changing government regulations shaping business strategies and practices?
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