The global body dryer market size is expected to reach USD
4.23 million by 2025, according to a new report by Grand View Research, Inc. It
is projected to expand at a CAGR of 4.81% during the forecast period. Rising
awareness regarding personal hygiene and high demand for convenience products
is expected to drive the growth. Rapid growth of the commercial sector is
projected to further fuel the product demand. Rising purchasing power of
consumers in developing countries such as China and India is also expected to
positively influence the demand for body dryers.
Rapid growth of
wellness industry coupled with rising demand for premium hygiene products is
expected to drive the market growth. Steady rise in working population along
with increasing disposable income is expected positively influence the demand
for body dryer. Sharing towels, especially at public and commercial places
increases the risk of disease transmission. This factor is expected to fuel the
product demand in near future. Rising demand from disabled and elderly people
is expected to create growth opportunities for the market in near future.
Rising standard of living and demand for smart washroom is expected to fuel the
growth further.
Asia Pacific
body dryer market is anticipated to witness the fastest CAGR over the forecast
period, due to a rise in demand from hotels, spas, and wellness centers in the
region. Increasing number of domestic manufacturers to cater to the rising
demand for body dryer systems is expected to create growth opportunities for
the regional market. Factors such as rising purchasing power of consumers and
preference for premium products for personal hygiene are likely to further
propel the regional growth.
Rising consumer
awareness regarding the advantages of using body dryer is excepted to encourage
innovation and new product launches. Major market players include Avant
Innovations, Dolphy India Private Limited, Full Body Dryer LLC, Haystack
Dryers, Kingkraft, Orchids International, Regal Care Shower Trays Ltd., Tornado
Body Dryer, LLC, Valiryo, and AKW Medi-Care Ltd. Key players engage in product
development, regional expansions, and joint ventures to gain greater market
share. For instance, in 2018, Valiryo started its first joint venture in
Germany to open up new markets and develop marketing and sales strategies.
For full research report on Body Dryer Market visit here:
https://www.grandviewresearch.com/industry-analysis/body-dryer-market
Further key findings from the
report suggest:
- On floor product segment is projected to ascend
at the fastest CAGR of 5.11% over the forecast period
- Commercial application segment of the body dryer
market held the leading revenue share of 86.33% in 2018
- North America held the leading market share of
38.78% in terms of revenue and is projected to continue leading over the
forecast period
- Asia Pacific is expected to register the fastest
CAGR over the forecast period, owing to increasing disposable income of
the consumer in countries such as India, South Korea, China, and Japan
Get request sample of this report
here: https://www.grandviewresearch.com/industry-analysis/body-dryer-market/request/rs1
Grand View Research has segmented the
global body dryer market on the basis of product, application, and region:
Body Dryer Product Outlook
(Revenue, USD Million, 2015 - 2025)
- On Floor
- Wall Mounted
Body Dryer Application Outlook
(Revenue, USD Million, 2015 - 2025)
- Residential
- Commercial
Body Dryer Regional Outlook
(Revenue, USD Million, 2015 - 2025)
- North America
- U.S.
- Europe
- Germany
- U.K.
- Asia Pacific
- China
- India
- Central & South America
- Brazil
- Middle East & Africa
- South Africa
About
Grand View Research
Grand View Research, Inc. is a U.S. based
market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
No comments:
Post a Comment