Product Code: ETC012825 | Publication Date: Jul 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The hand dryer market in Thailand is expected to witness a healthy CAGR of 4.3% during the forecast period (2020-2026). This growth can be attributed to the increasing demand for energy-efficient, cost effective and eco-friendly solutions, especially from hospitality services providers. The COVID-19 pandemic has caused significant disruption in various economic sectors including tourism, hotels and hospitality. However, with the government easing restrictions on travel within Thailand as well as international visitors from some countries returning gradually amid stringent safety guidelines, these markets are likely to recover soon. Moreover, rising disposable income coupled with growing awareness about hygiene among consumers is anticipated to drive the growth of hand dryers across different end use segments such as commercial buildings & offices and healthcare facilities over the coming years.
Hand dryers are considered a green alternative when compared with paper towels due to low operational costs associated with their usage along with reduced environmental impact over time. Increasing efforts by governments of various countries towards generating awareness among consumers regarding eco friendly technologies is further boosting demand for hand dryers across a variety of industries such as retail stores, restaurants and public restrooms making them an ideal solution for hygienic purposes while lowering carbon emissions significantly at same time driving market growth in Thailand. In comparison with other traditional drying options such as hot air blowers or paper towels which need regular replacement leading to higher maintenance costs; hand dryers offer much lower running expenses since there no additional consumables required apart from electricity which makes them more attractive option particularly in case of large scale projects thereby propelling their adoption in hospitality sector mainly hotel bathrooms offering guests convenience while saving money on operational costs simultaneously fueling product penetration rate across country???s economy contributing toward industry expansion over next six years timeframe until 2026 end date .
As compared to other traditional drying methods such as using paper towels or cloth materials; installing automatic electric powered hand driers would require considerable initial investment thus raising barrier entry faced by new entrants leading upstarts struggling compete against established players due limited resources available resulting fewer number companies able break into this particular domain restraining overall business development despite promising outlook going forward .
The Thailand hand dryers market has been affected by the Covid-19 pandemic. The outbreak of this virus has led to restrictions in movement, which have caused a decline in sales of hand dryers in the market. In addition, travel and tourism activities have also been severely impacted leading to a decrease in demand for these products.
Key players operating in the Thailand Hand Dryers Market include Panasonic Corporation, Dyson Ltd., Excel Dryer Inc., American Dryer Corporation (ADC), World Dryer Corporation, Mitsubishi Electric Automation Inc., Bobrick Washroom Equipment Company, LLC, ASI Group Limited and Airforce Technology Co., Ltd. These companies focus on product innovation strategies such as new product launches or improvements to their existing products to strengthen their presence across different regions within the country. For instance, Panasonic launched its latest model of hand dryer with nano titanium technology that provides faster drying time and better hygiene than conventional models available already.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Thailand Hand Dryers Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Hand Dryers Market Revenues & Volume, 2020 & 2030F |
3.3 Thailand Hand Dryers Market - Industry Life Cycle |
3.4 Thailand Hand Dryers Market - Porter's Five Forces |
3.5 Thailand Hand Dryers Market Revenues & Volume Share, By Product Type, 2020 & 2030F |
3.6 Thailand Hand Dryers Market Revenues & Volume Share, By Operation Mode, 2020 & 2030F |
3.7 Thailand Hand Dryers Market Revenues & Volume Share, By Mounting Technique, 2020 & 2030F |
3.8 Thailand Hand Dryers Market Revenues & Volume Share, By End-users, 2020 & 2030F |
4 Thailand Hand Dryers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Thailand Hand Dryers Market Trends |
6 Thailand Hand Dryers Market, By Types |
6.1 Thailand Hand Dryers Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Thailand Hand Dryers Market Revenues & Volume, By Product Type, 2020-2030F |
6.1.3 Thailand Hand Dryers Market Revenues & Volume, By Jet Air, 2020-2030F |
6.1.4 Thailand Hand Dryers Market Revenues & Volume, By Hot Air, 2020-2030F |
6.2 Thailand Hand Dryers Market, By Operation Mode |
6.2.1 Overview and Analysis |
6.2.2 Thailand Hand Dryers Market Revenues & Volume, By Manual On-Automatic Off, 2020-2030F |
6.2.3 Thailand Hand Dryers Market Revenues & Volume, By Fully Automatic, 2020-2030F |
6.3 Thailand Hand Dryers Market, By Mounting Technique |
6.3.1 Overview and Analysis |
6.3.2 Thailand Hand Dryers Market Revenues & Volume, By Surface Mounted, 2020-2030F |
6.3.3 Thailand Hand Dryers Market Revenues & Volume, By Wall Mounted, 2020-2030F |
6.4 Thailand Hand Dryers Market, By End-users |
6.4.1 Overview and Analysis |
6.4.2 Thailand Hand Dryers Market Revenues & Volume, By Airports, 2020-2030F |
6.4.3 Thailand Hand Dryers Market Revenues & Volume, By Hotel & Restaurants, 2020-2030F |
6.4.4 Thailand Hand Dryers Market Revenues & Volume, By Hospitals, 2020-2030F |
6.4.5 Thailand Hand Dryers Market Revenues & Volume, By Offices, 2020-2030F |
6.4.6 Thailand Hand Dryers Market Revenues & Volume, By Shopping Malls, 2020-2030F |
6.4.7 Thailand Hand Dryers Market Revenues & Volume, By Others, 2020-2030F |
7 Thailand Hand Dryers Market Import-Export Trade Statistics |
7.1 Thailand Hand Dryers Market Export to Major Countries |
7.2 Thailand Hand Dryers Market Imports from Major Countries |
8 Thailand Hand Dryers Market Key Performance Indicators |
9 Thailand Hand Dryers Market - Opportunity Assessment |
9.1 Thailand Hand Dryers Market Opportunity Assessment, By Product Type, 2020 & 2030F |
9.2 Thailand Hand Dryers Market Opportunity Assessment, By Operation Mode, 2020 & 2030F |
9.3 Thailand Hand Dryers Market Opportunity Assessment, By Mounting Technique, 2020 & 2030F |
9.4 Thailand Hand Dryers Market Opportunity Assessment, By End-users, 2020 & 2030F |
10 Thailand Hand Dryers Market - Competitive Landscape |
10.1 Thailand Hand Dryers Market Revenue Share, By Companies, 2023 |
10.2 Thailand Hand Dryers Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |