Market Size of Asia-Pacific Hand Dryer Industry
| Study Period | 2019-2028 |
| Base Year For Estimation | 2022 |
| Forecast Data Period | 2024 - 2028 |
| Historical Data Period | 2019 - 2021 |
| CAGR | > 8.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Asia-Pacific Hand Dryer Market Analysis
The Asia-Pacific hand dryer market was worth around USD 480 million in the current year. It is expected to register a compound annual growth rate (CAGR) greater than 8% in the forecast period. Recently, the Asia-Pacific hand dryers market is growing steadily, driven by several factors, including increasing hygiene awareness, rising demand for eco-friendly products, and government initiatives to reduce paper waste.
High-speed hand dryers, such as those offered by Dyson, Excel Dryer, and Mitsubishi Electric, are becoming increasingly popular in the region due to their fast drying time and energy efficiency. Hand dryers are increasingly used in commercial and public spaces, such as airports, malls, and schools, as a more hygienic and eco-friendly alternative to paper towels. Overall, the Asia-Pacific hand dryers market is expected to grow in the coming years, driven by these and other trends.
The COVID-19 pandemic had a mixed impact on the hand dryer market, with some manufacturers seeing increased demand for touchless technology and hygiene-focused features. In contrast, others faced challenges due to delayed installations and concerns over airborne transmission.
Post-COVID-19, with the increased awareness of the importance of hand hygiene, there is a surge in demand for touchless hand dryers. These dryers use sensors to detect the presence of hands and start the drying cycle automatically, reducing the need for users to touch potentially contaminated surfaces.
