PUBLISHER: KBV Research | PRODUCT CODE: 1395687
PUBLISHER: KBV Research | PRODUCT CODE: 1395687
The Latin America, Middle East and Africa Hand Dryer Market would witness market growth of 15.1% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 491.2 thousand units, showcasing a growth of 16.7% (2023-2030).
Ongoing advancements in motor technology, sensor systems, and filtration are driving the evolution of hand dryers. Manufacturers continually strive to improve their products' efficiency, effectiveness, and hygiene. The durability and ease of maintenance of these dryers influence the long-term cost-effectiveness for end-users. Reliable products with low maintenance requirements are more attractive options. Cultural norms, regional preferences, and economic factors can influence the adoption of these dryers versus paper towels. Understanding these variations is essential for manufacturers targeting specific sectors. Changing consumer preferences have contributed to market expansion. Many consumers actively seek establishments that demonstrate a commitment to sustainability and hygiene. As a result, businesses are adopting these dryers to align with consumer expectations and boost their brand image.
Companies can customize the product to reflect the corporate logo or message. Digital imaging technology adopted by the manufacturers allows buyers to demand high-speed dryers. Companies such as Excel Dryer facilitate the production of fully integrated designs of dryers based on the customers' requirements. However, the intelligent and flexible control provided in SMARTdri Plus hand dryers allows the customization of sound level, airflow, and heating options. Motor speed and air velocity can be minimized to keep sound low without disturbing the dryer's performance. The impact of this factor is expected to increase in the future, resulting in higher adoption of customized products.
According to the government of UAE, in 2022, the assistance of the travel and tourism sector to the UAE's GDP was nearly AED 167 billion, which is equivalent to 9% of the total GDP. In 2022, the total spending of international tourists amounted to AED 117.6 billion. In 2022, the number of hotels in the UAE has increased to 1189, while the hotel capacity in the country reached 203,000 hotel rooms. Providing modern and efficient dryers contributes to the overall image and modernization of hotels, resorts, and tourist facilities. It reflects a commitment to providing guests with contemporary and convenient facilities. The above aspects will expand the market growth across the region in the upcoming years.
The Brazil market dominated the LAMEA Hand Dryer Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $73.6 million by 2030. The Argentina market is exhibiting a CAGR of 15.8% during (2023 - 2030). Additionally, The UAE market would experience a CAGR of 14.8% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
Market Segments covered in the Report:
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)
Companies Profiled
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