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. The rapid growth of the commercial sector is projected to further fuel the product demand. The rising purchasing power of consumers in developing countries such as China and India is also expected to positively influence the demand for body dryers.
The rapid growth of the wellness industry coupled with rising demand for premium hygiene products is expected to drive market growth. A steady rise in the working population along with increasing disposable income is expected to positively to influence the demand for body dryers. 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 the near future. The rising standard of living and demand for the 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. An 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 the 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.
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Further key findings from the report suggest:
On the floor, the product segment is projected to ascend at the fastest CAGR of 5.11% over the forecast period
The 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
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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)
Body Dryer Application Outlook (Revenue, USD Million, 2015 – 2025)
Body Dryer Regional Outlook (Revenue, USD Million, 2015 – 2025)
Central & South America
Middle East & Africa
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