Hand dryers are electronic devices used to dry hands and they can be operated with a button or automatically. The automatic type of dryers is more popular due to their technological efficiency and tend to produce a lesser level of noise than the traditional button-operated dryers. The various latest technological ugradation in the hand dryers have minimized the power consumption and their maintenance cost, thus fueling the demand for hand dryers globally.
Increased Leisure Activities Profit the Hand Dryer Market Globally
An increase in consumer spending on leisure activities is a result of the increased average income. This trend has notified an increased visits to restaurants and hotels. Prospects for the global hand dryers market thus seem to flourish, as the number of hotels and restaurants increases in response to the increased visits. As these industries register that paper towels in a long run are costlier and more unmanageable than the hand dryers, sales of the latter will boost exponentially in response.
Despite the recent economic slowdown that tends to put a few market players under pressure, the cost efficiency ensured by hand dryers has led to increased installations in restrooms.
Based on geography, hand dryer sales were recorded highest in Europe in 2014. In Europe, countries such as Italy, France, Spain, Germany, and the United Kingdoms demonstrated the most attractive opportunities for hand dryers market in response to the demand of eco-friendly, cost-effective, and hassle-free devices across private and public institutions. While North America stood second in the regional market, the growth trends show an expectation of great turnover from APAC and Rest of the World.