Asia-Pacific jet hand dryer market is anticipated to grow at a significant rate during the forecast period. Rising awareness towards energy-saving technology is also driving the market growth. The technology caters to lower power consumption and less expenditure on operational assets in commercial infrastructure. Infrastructures like offices, shopping malls, etc., are rapidly adapting jet hand dryers and are thus expected to boost the Asia-pacific jet hand dryer market in the upcoming five years. Also, the surge in demand for environment-friendly and economical devices is further expected to influence the Asia-Pacific jet hand dryer market growth during the forecast period. The growing population in the Asia-Pacific region is creating tremendous opportunities for the infrastructure market growth, mainly in developing economies like India, Malaysia, China, and others comprising hotel chains, restaurants, and other spaces, thereby fostering the jet hand dryer market growth.
Asia-Pacific jet hand dryer market can be segregated based on end-user, sales channel, country, and company. Based on sales channels, the jet hand dryer market is further bifurcated into the direct, distributor, and retail. The retail market is anticipated to witness incremental growth during the next years. Due to COVID-19, a complete shutdown of shops and manufacturing companies were observed across various regions leading to the disruption of supply chains. Consumer preference shifted towards online and retail shopping to follow guidelines for social distancing. Online shopping provides consumers with a plethora of options to choose from in the comfort of their homes. A significant spike in the online market was observed in the Asia-Pacific jet hand dryer market. Also, direct purchasing from convenience retailers or supermarkets is expected to grow in the coming years owing to the presence of options visually and thereby making the shopping experience smoother.
Major companies operating in the Asia-Pacific jet hand dryer market include Dolphy India Pvt. Ltd, Euronics Industries Pvt Ltd, Dyson Technology India Pvt Ltd, Panasonic Corporation, Mitsubishi Electric, Electrostar Starmix, Askon Hygiene Products Private Limited, Avro India, Jaquar Group, Saniflow Hand Dryer Corporation, and others. Key players operating in the market are investing in innovations to earn sound returns on investments. Moreover, strategic moves such as mergers and collaborations are also helping the key players of the jet hand dryer market to magnify their customer base and expand sales & distribution networks.
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Objective of the Study
- To analyze and forecast the market size of Asia-Pacific jet hand dryermarket, in terms of value.
- To classify and forecast Asia-Pacific jet hand dryer market based onend user, sales channel, and country.
- To identify drivers and challenges for Asia-Pacific jet hand dryer market.
- To examine competitive developments such as expansions, new productlaunches, mergers & acquisitions, etc., in Asia-Pacific jet hand dryermarket.
- To conduct pricing analysis for Asia-Pacific jet hand dryer market.
- To identify and analyze the profile of leading players operating in Asia-Pacificjet hand dryer market.
Market insights research performed both primary as well as exhaustive secondary research for this study. Initially, Market insights research sourced a list of leading manufacturers across the globe. Subsequently, Market insights research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market insights research could include the manufacturers which could not be identified due to the limitations of secondary research. Market insights research analyzed the service offerings, distribution channels and presence of all major players operating in jet hand dryer market in Asia-Pacific.
Market insights research calculated the market size of Asia-Pacific jet hand dryer market using a bottom-up approach, where data for various end-user segments was recorded and forecast for the future years. Market insights research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by Market insights research.
Key Target Audience
- Component &Material Providers
- AutomotiveInstrument Cluster Manufacturers and Suppliers
- OEM manufacturers,suppliers, distributors and other stakeholders
- Government bodiessuch as regulating authorities and policy makers
- Organizations,forums and alliances related to jet hand dryer market
- Market researchand consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as skid steer and compact track loader manufacturers, suppliers, distributors and other stakeholders. The report would enable the stakeholders in strategizing investments and capitalizing on emerging market opportunities.
