Concord News Now

Body Dryer Market Is Estimated To Reach $4.23 Million By 2025: Grand View Research, Inc.

 Breaking News
  • No posts were found

Body Dryer Market Is Estimated To Reach $4.23 Million By 2025: Grand View Research, Inc.

September 25
02:12 2019
Body Dryer Market Is Estimated To Reach $4.23 Million By 2025: Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, Rising awareness regarding personal hygiene and high demand for convenience products is expected to drive the body dryer market growth.

According to a report,”Body Dryer Market Size, Share & Trends Analysis Report By Product (Wall Mounted, On Floor), By Application (Residential, Commercial), By Region, And Segment Forecasts, 2019 – 2025″, published by Grand View Research, Inc.,The global body dryer market size is expected to reach USD 4.23 million by 2025, 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.

Key Takeaways from the report:

  • 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

U.S. body dryer market size, by product, 2015 - 2025 (USD Million)

Browse More Reports in Consumer Goods Industry:

  • Toaster Market – The global toaster market size was valued at USD 3.2 billion in 2018 and is estimated to register a CAGR of 4.8% over the forecast period.
  • Kids Scooter Market – The global kids scooter market size was valued at USD 60.7 million in 2018. Growing concerns among parents over improving child health is expected to be a main factor driving the demand for kids scooter. 

Global body dryer market share, by application, 2018 (%)

Regional Insights

North America held the largest market share of 38.78% in 2018. Rise in the number of commercial spaces is anticipated to fuel the product demand form U.S. and Canada. Moreover, presence of key manufacturers such as Tornado Body Dryer, LLC, Kingkraft, and Full Body Dryer LLC is projected to positively influence the regional growth. Rising consumer awareness regarding health and wellbeing and willingness to spend more on hygiene product is expected to drive the regional growth.

Asia Pacific is expected to register the fastest CAGR of 6.82% over the forecast period. Rising demand for body dryers from commercial spaces such as hotels, spas, sports centers, hospitals and gyms in countries such as China and India. Rising purchasing power of consumers coupled with demand for premium personal hygiene products is expected to further propel the regional growth.

Body Dryer Market Share Insights

Some of the major companies operating in the market are 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. The market is characterized by strategic activities, such as partnerships, product innovations, and product launches initiated by the key body dryer manufacturers. For instance, in 2018, Valiryo started its first joint venture in Germany to open up new markets and develop marketing and sales strategies.

Explore the BI enabled intuitive market research database, Navigate with Grand View Compass, by Grand View Research, Inc.

About Grand View Research, Inc.

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

For more information: www.grandviewresearch.com

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:201, Spear Street, 1100
City: San Francisco
State: California
Country: United States
Website: www.grandviewresearch.com/industry-analysis/body-dryer-market