The rapidly growing hospitality industry, such as the rise in hotels and restaurants, boosted the growth of the hand dryers market, driven by the need to meet cleanliness requirements in the food services and hospitality sector.
The global hand dryers market size is expected grow from $1.59 billion in 2021 to $1.70 billion in 2022 at a compound annual growth rate (CAGR) of 7.1%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global hand dryers market share is expected to reach $2.23 billion in 2026 at a CAGR of 6.69%.
Read more on the Global Hand Dryers Market Report here. This report is with costs and offered by “The Business Research Company”.