Market Size of Hand Dryers Industry
| Study Period | 2020 - 2029 |
| Market Size (2024) | USD 0.98 Billion |
| Market Size (2029) | USD 1.14 Billion |
| CAGR (2024 - 2029) | 3.12 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Hand Dryers Market Analysis
The Hand Dryers Market size is estimated at USD 0.98 billion in 2024, and is expected to reach USD 1.14 billion by 2029, growing at a CAGR of 3.12% during the forecast period (2024-2029).
Hand dryer markets focus on environmental sustainability to reduce waste and conserve resources. Since strict regulations are implemented for energy efficiency and environmental impacts, hand dryers are mainly used rather than paper towels because of their less waste generation. Moreover, in places with high hygiene and sanitation, particularly in public areas, demand for touchless, high-speed hand dryers that reduce the spread of diseases is high on demand.
The government incentivizes businesses to invest in energy-efficient and eco-friendly technologies, so hand dryers have increased adoption.
Many technology startups are coming up, increasing the number of partnerships, acquisitions, collaborations, and competitions. Therefore, these factors increase the demand for insurance businesses and help upgrade the business process with advanced technologies.
