"Overview of the Body Dryer market"
The Body Dryer Market Is Forecasted To Reach At US$ 3.6 Bn by 2027, Growing At A CAGR Of 4.5 % during the Forecast Period
The global Body dryer market is at its initial stage and it is anticipated to gain traction in the coming years. Some of the major factors fuelling the growth of the global market include rising prevalence regarding hygiene maintenance, adoption of premium hygiene products, and inclination towards a luxurious lifestyle.
Rising Adoption of Premium Hygiene Products Coupled with Improving Lifestyle is anticipated to fuel the demand for Body Dryer during the Forecast Period
Body dryers are easy to use and cost-effective, ideal for each age group people including the elderly, kids and pets. Also, these products are very convenient for physically challenged people. Furthermore, with rising awareness regarding maintaining personal hygiene consumers are increasingly adoption premium hygiene products which are anticipated to support the growth of the global body dryer market.
Moreover, the risk of disease transmission by sharing towels in commercial places such as hotels and other public places can be minimized with the use of body dryers. Rapid urbanization and modernization in developing countries including China, Japan, and India are expected to poise a positive impact on market growth. Manufacturers are engaged in product innovations to cater to the rising demand from the commercial sector This is anticipated to promote the growth of the global body dryer market in the coming years.
However, higher cost and presence of substitutes like disposable towels and wipes might limit the growth of the global market during the forecast timespan.
Wall Mounted Segment Held Key Share in Global Body Dryer Market in 2018
On the basis of the mounting type, the wall mount segment is anticipated to lead the global market by holding a larger market share in 2018. The wall-mounted body dryers are easy to use and provide airflow at a uniform temperature which makes it preferable for sensitive skin people. This is anticipated to favor the growth of the segment,
The floor body dryer is estimated to grow rapidly due to several advanced features associated with it. These dryers are easy to install and cheaper than wall mounted dryers, Also, it contains intense jets of air which result in the quick drying process. Also, the maintenance and repairing costs of these dryers are comparatively lesser than other dryers.
Commercial Segment Occupied Significant Share Whereas the Residential Segment is Growing Rapidly
Based on the application, the commercial segment is anticipated to dominate the global market whereas the residential segment is likely to grow at a rapid pace in the coming years. The body dryers have registered high demand from spas, wellness centers, gyms, and hotels which is anticipated to drive the segment growth. Moreover, the growing commercial sector in emerging economies is expected to favour the growth of the commercial segment.
However, concerning the residential sector, the rising consumer awareness regarding maintaining personal hygiene inclination towards improving lifestyle and opting for a deluxe life. Moreover, the surge in smart homes market is expected to impact the growth of the segment in a positive manner.
North America Body Dryer market held significant share in Global Market in 2018
By geography, North America led the global body dryer market, accounting for larger market share in 2018. In the U.S. and Canada, increasing the number of commercial spaces is anticipated to boost the demand for body dryers. Moreover, the presence of leading players operating in global market such as Full Body Dryer LLC, Kingkraft, and Tornado Body Dryer, LLC is expected to promote the growth of North America.
Furthermore, Asia Pacific is estimated to witness the highest growth rate during the forecast period. The growth of the region can be fuelled by rising buying capacity due to growth in income per capita and rising awareness regarding wellbeing and health in Asian continents including China, India, Malaysia, and Japan.
Some of the major players operating in the global market include AKW Medi-Care Ltd, Avant Innovations, Valiryo, Dolphy India Private Limited, Tornado Body Dryer, LLC, Full Body Dryer LLC, Regal Care Shower Trays Ltd., Haystack Dryers, Orchids International, and Kingkraft.
Global Body Dryer Market by Mounting Type
- Wall Mounted
- On Floor
Global Body Dryer Market by End-User
Global Body Dryer Market by Region
- North America
- Asia Pacific
- Middle East & Africa
- Latin America