Body Dryer Market Analysis with Size, Manufacturers, Applications and Forecast Research Report
According to a new report published by KD
Market Insights titled, "Body
dryer Market by Type and End
Use: Global Opportunity Analysis and Industry Forecast, 2019 - 2026," the
body dryer market size was valued at $2,641.5 thousand in 2018, and is projected
to reach $3,424.0 thousand by 2026, growing at a CAGR of 3.4% from
2019 to 2026.
Body dryers are air blowing electric
appliances (similar to hand dryer or hair dryer) used in drying an individual’s
complete body after bathing or swimming, thus substituting the use of a towel.
Towels are the most common products used for
the application of body drying & wiping. However, use of a single towel by
different people may lead to skin issues. Thus, increase in inclination of
consumer toward personal health and hygiene is anticipated to offer
remunerative opportunity for the development of the global market.
Rise in disposable income, changes in consumer
lifestyle, and increase in investments in building smart homes drive the growth
of the global market. Moreover, continuous demographic increase and rise in
urbanization fuel the growth of the market. However, body dryers are perceived
to be luxury products, owing to their high cost, thus hindering the body dryer
market growth.
Body dryers are not only limited to sanitation
and luxury but are also helpful for disabled & aged people to dry
themselves after bathing., thus reducing the risk of mishaps such as slipping
& falling. This serves as a major reason for increased adoption of body
dryer in hospitals and medical units.
The market for body dryers is witnessing
significant growth in the developed regions, and therefore North America dominates
the global market, followed by Europe. However, with the growth of the
hospitality sector, developing countries are witnessing significant growth in
the market.
In the Asia-Pacific region, China and Japan
dominate the market. Moreover, toilets in Japan are well-equipped with numerous
unconventional features, which are seldom seen outside of the country. The
features commonly found are related to hygiene, temperature control, and
deodorization. Thus, body dryers have experienced considerable adoption in
Japan.
The global body dryer market is segmented
based on type, end use, and region. By type, the market has been segmented into
wall mounted and on floor. Depending on end use, it is categorized into
commercial and residential. Currently, the commercial segment dominates the
global body dryer market, however, the body dryers are gaining significant
popularity in the residential sector, and thus the residential sector is
anticipated to witness the highest growth rate during the forecast period. Region
wise, the body dryer market share is analyzed across North America, Europe,
Asia-Pacific, and LAMEA.
The report focuses on the global body dryer
market trends, growth prospects, restraints, and opportunities. The study
provides Porter’s five forces analysis to understand the impact of various
factors such as competitive intensity of competitors, bargaining power of
suppliers, threat of substitutes, threat of new entrants, and bargaining power
of buyers of the body dryer industry.
Key Findings of the Body dryer Market:
- In 2018, the U.S. was the highest
contributor to the body dryer market, growing at a CAGR of 3.1% from 2019 to
2026.
- In 2018, the wall mounted segment accounted for nearly three-fourths of the body dryer market, and is estimated to grow at a CAGR of 3.7% from 2019 to 2026.
- The residential segment is expected to growth at CAGR of 4.4% during the forecast period.
- In 2018, the commercial segment dominated the global market, and is estimated to grow at CAGR of 3.3%.
- In 2018, China accounted for a prominent market share, and is anticipated to grow at the highest CAGR of 5.9%.
- In 2018, the wall mounted segment accounted for nearly three-fourths of the body dryer market, and is estimated to grow at a CAGR of 3.7% from 2019 to 2026.
- The residential segment is expected to growth at CAGR of 4.4% during the forecast period.
- In 2018, the commercial segment dominated the global market, and is estimated to grow at CAGR of 3.3%.
- In 2018, China accounted for a prominent market share, and is anticipated to grow at the highest CAGR of 5.9%.
The report offers a comprehensive
analysis of the key players such as Avant Innovations,
Dolphy India Private Limited, Full Body Dryer LLC, Haystack Dryers, Indiegogo,
Inc., Kingkraft, Orchids International, Regal Care Shower Trays Ltd., Tornado
Body Dryer, LLC, and Valiryo.
About Us:
KD Market
Insights is one of the leading providers of market intelligence products
and services. We offer reports on over 10+ industries and update our collection
daily which helps our clients to access database of expert market insights on
global industries, companies, products, and trends.
Our in-house
research experts have a wealth of knowledge in their respective domains. With
KD Market Research, you always have the choice of getting customized report
free of cost (upto 10%). Our support team will help you customize the report
and scope as per your business needs. This ensures that you are making the
right purchase decision. Our clients list includes various Fortune 500
companies and leading advisory firms.
Contact Us:
KD
Market Insights
90
State Street, Albany,
New
York, USA 12207
+1
(519) 300-1215
Comments
Post a Comment