Increased R&D Innovations Fuelling Growth Opportunities in the Global Electric Hand Dryer Market

Reportstack has announced a new market research report on the Global Electric Hand Dryer Market 2014-2018, which is expected to grow at a CAGR of 10.41 percent during the forecast period of 2013-2018.

“Rapidly changing technology and changes in consumer preferences are forcing vendors to deliver innovative electric hand dryers not only with enhanced looks, but also that can provide quick, hygienic, and noise-free drying of hands,” .

“Customers are increasingly interested in hand dryers that dry hands in a short span of time. New models of hand dryers take 10-11 seconds to dry hands whereas old models used to take 40 seconds.”

Key Market Drivers

Increased Demand for Eco-friendly Appliances
Improved Cleanliness

Key Market Trends

Increase in R&D Innovation
Increase in Demand from APAC Region and ROW
Better Confidence in Model

Key Market Vendors

American Dryer Inc.
Dyson Ltd.
Excel Dryer Inc.
Mitsubishi Electric Corp.
World Dryer Corp.

To define the market circumstances in the next 3-4 years, the analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.

Complete report available @ Global Electric Hand Dryer Market 2014-2018.