Electric Hand-Dryer Market

The article discusses the rising demand for electric hand-dryers globally, forecasting an increase in market volume and value over the period from 2022 to 2030. It covers consumption trends, production volumes, import and export figures, and per capita consumption rates, providing a comprehensive analysis of the electric hand-dryer market.

Market Forecast

Driven by rising demand for electric hand-dryer worldwide, the market is expected to start an upward consumption trend over the next eight-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +2.9% for the period from 2022 to 2030, which is projected to bring the market volume to 3M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +5.2% for the period from 2022 to 2030, which is projected to bring the market value to $205M (in nominal prices) by the end of 2030.

Consumption

World Consumption of Electric Hand-Drying Apparatus

In 2022, global consumption of electric hand-drying apparatus rose remarkably to 2.4M units, increasing by 5.8% on 2021. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak volume of 3M units. From 2016 to 2022, the growth of the global consumption remained at a somewhat lower figure.

The global electric hand-dryer market revenue rose sharply to $137M in 2022, surging by 10% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed a relatively flat trend pattern. Global consumption peaked at $178M in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (661K units), the UK (393K units) and Russia (209K units), together accounting for 53% of global consumption. India and the United States lagged somewhat behind, together comprising a further 14%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +14.6%), while consumption for the other global leaders experienced mixed trends in the consumption figures.

In value terms, China ($34M), the UK ($21M) and Russia ($7.6M) appeared to be the countries with the highest levels of market value in 2022, with a combined 46% share of the global market. The United States and India lagged somewhat behind, together accounting for a further 7.7%.

India, with a CAGR of +12.8%, saw the highest rates of growth with regard to market size among the main consuming countries over the period under review, while market for the other global leaders experienced mixed trends in the market figures.

In 2022, the highest levels of electric hand-dryer per capita consumption was registered in the UK (5.8 units per 1000 persons), followed by China (0.5 units per 1000 persons), the United States (0.4 units per 1000 persons) and India (0.1 units per 1000 persons), while the world average per capita consumption of electric hand-dryer was estimated at less than 0.1 units per 1000 persons.

From 2012 to 2022, the average annual growth rate of the electric hand-dryer per capita consumption in the UK amounted to -6.2%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: China (-2.8% per year) and the United States (-3.5% per year).

Production

World Production of Electric Hand-Drying Apparatus

In 2022, approx. 2.2M units of electric hand-drying apparatus were produced worldwide; which is down by -2.2% on the previous year. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 2.9% against the previous year. Global production peaked at 2.3M units in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

In value terms, electric hand-dryer production stood at $128M in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by 23% against the previous year. As a result, production reached the peak level of $180M. From 2018 to 2022, global production growth remained at a somewhat lower figure.

Production By Country

The country with the largest volume of electric hand-dryer production was China (1.9M units), accounting for 85% of total volume. Moreover, electric hand-dryer production in China exceeded the figures recorded by the second-largest producer, Taiwan (Chinese) (107K units), more than tenfold. The third position in this ranking was held by the UK (101K units), with a 4.6% share.

In China, electric hand-dryer production remained relatively stable over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Taiwan (Chinese) (+9.1% per year) and the UK (-3.0% per year).

Imports

World Imports of Electric Hand-Drying Apparatus

After two years of decline, purchases abroad of electric hand-drying apparatus increased by 1.2% to 1.9M units in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by 25% against the previous year. Global imports peaked at 2.2M units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, electric hand-dryer imports stood at $114M in 2022. Overall, imports continue to indicate a relatively flat trend pattern. Over the period under review, global imports reached the maximum at $132M in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports By Country

In 2022, the UK (307K units), Russia (223K units), India (195K units) and the United States (183K units) represented the main importer of electric hand-drying apparatus in the world, creating 49% of total import. The following importers - Spain (38K units), Japan (38K units), Canada (36K units), Chile (36K units), Italy (35K units), Brazil (33K units), Mozambique (33K units) and Australia (31K units) - each accounted for a 15% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Mozambique (with a CAGR of +29.9%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the UK ($19M) constitutes the largest market for imported electric hand-drying apparatus worldwide, comprising 16% of global imports. The second position in the ranking was taken by the United States ($8.9M), with a 7.8% share of global imports. It was followed by Russia, with a 6.8% share.

In the UK, electric hand-dryer imports expanded at an average annual rate of +1.4% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the United States (-2.6% per year) and Russia (+9.9% per year).

Import Prices By Country

In 2022, the average electric hand-dryer import price amounted to $62 per unit, with an increase of 8.4% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average import price increased by 17%. Over the period under review, average import prices attained the peak figure at $70 per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Australia ($115 per unit), while Mozambique ($9.8 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+8.2%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Electric Hand-Drying Apparatus

In 2022, overseas shipments of electric hand-drying apparatus decreased by -8.7% to 1.7M units, falling for the third consecutive year after three years of growth. Overall, total exports indicated a mild increase from 2012 to 2022: its volume increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -27.6% against 2019 indices. The pace of growth was the most pronounced in 2018 with an increase of 46%. The global exports peaked at 2.3M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, electric hand-dryer exports reached $113M in 2022. The total export value increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 19% against the previous year. The global exports peaked at $126M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports By Country

China dominates exports structure, finishing at 1.2M units, which was near 72% of total exports in 2022. It was distantly followed by Taiwan (Chinese) (114K units), generating a 6.9% share of total exports. The following exporters - Spain (50K units) and the United States (41K units) - each resulted at a 5.5% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to electric hand-dryer exports from China stood at +2.4%. At the same time, Taiwan (Chinese) (+8.1%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in the world, with a CAGR of +8.1% from 2012-2022. By contrast, the United States (-1.1%) and Spain (-3.2%) illustrated a downward trend over the same period. China (+4.2 p.p.) and Taiwan (Chinese) (+3.1 p.p.) significantly strengthened its position in terms of the global exports, while Spain saw its share reduced by -2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($61M) remains the largest electric hand-dryer supplier worldwide, comprising 54% of global exports. The second position in the ranking was taken by Taiwan (Chinese) ($9.8M), with an 8.7% share of global exports. It was followed by the United States, with a 7.2% share.

In China, electric hand-dryer exports expanded at an average annual rate of +3.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (+2.4% per year) and the United States (-1.4% per year).

Export Prices By Country

In 2022, the average electric hand-dryer export price amounted to $68 per unit, rising by 15% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 32% against the previous year. The global export price peaked at $97 per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($196 per unit), while China ($51 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+1.0%), while the other global leaders experienced mixed trends in the export price figures.

Source: IndexBox Market Intelligence Platform