The Europe Hand Dryer Market would witness market growth of 12.5% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 713.6 thousand units, showcasing a growth of 10.7% (2019-2022).
The push for sustainability has significantly expanded the market. With increased awareness of the ecological impact of paper towel waste, businesses and institutions are increasingly adopting these dryers as an eco-friendly alternative. It helps reduce the consumption of paper products, leading to less waste in landfills and reduced deforestation. It offers long-term cost savings to businesses and institutions. While the initial investment in these dryers may be higher than in paper towel dispensers, the ongoing costs of purchasing, restocking, and disposing of paper towels are eliminated. This cost-effective aspect is a strong incentive for organizations to choose these dryers. The ability to customize hand dryers to match the aesthetics of a facility has made them more appealing for various settings, from upscale hotels to trendy restaurants. This customization option has expanded the market's applicability, catering to diverse customer preferences and design needs.
Government regulations and industry standards play a significant role in shaping the market. Regulations may pertain to noise levels, energy efficiency, and hygiene standards, and compliance is crucial for manufacturers and users. Consumer preferences, influenced by convenience, speed, and hygiene, drive product innovation. Manufacturers must respond to changing preferences to remain competitive in the market. The economic feasibility of hand dryers, including initial costs, energy savings, and maintenance expenses, impacts the decision-making process for businesses and institutions. Companies and institutions prioritizing sustainability are more likely to adopt electric hand dryers.
Europe strongly emphasizes sustainability, which has played a significant role in the growth of the market. European facilities increasingly prioritize hand dryers' aesthetic design to match their settings' overall ambiance. Manufacturers offer a variety of finishes and customization options to meet the diverse design needs of businesses and institutions. European companies recognize that these dryers provide long-term cost savings compared to paper towels. While the initial investment may be higher, eliminating ongoing paper towel expenses makes these dryers cost-effective. In hospitals, where efficiency is crucial, these dryers provide a quick and convenient solution for healthcare professionals, staff, and visitors to maintain hand hygiene. These aspects will boost the market growth in the coming years.
The Germany market dominated the Europe Hand Dryer Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $242.2 million by 2030. The UK market is registering a CAGR of 11.5% during (2023 - 2030). Additionally, The France market would showcase a CAGR of 13.3% during (2023 - 2030).
Based on Type, the market is segmented into Jet Hand Dryer, and Hot Hand Dryer. Based on Mode of Operation, the market is segmented into Automatic, and Push Button. Based on End User, the market is segmented into Food Processing & Service Industry, Hotels, Hospitals & Clinics, Commercial Complexes, Office Buildings, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Hand Dryer Market will Hit $3.3 Billion by 2030, at a CAGR of 13.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Raytheon Technologies Corporation, Whirlpool Corporation, Mitsubishi Electric Corporation, Panasonic Corporation, Dyson Limited, Toto Ltd., Excel Dryer (Denis Gagnon), Hokwang Industries Co., Ltd., Bobrick Washroom Equipment, Inc., Bradley Corporation
By Type (Volume, Thousand Units, USD Billion, 2019-2030)
By Mode of Operation (Volume, Thousand Units, USD Billion, 2019-2030)
By End User (Volume, Thousand Units, USD Billion, 2019-2030)
By Country (Volume, Thousand Units, USD Billion, 2019-2030)
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