Bizizz Market Research has recently published a research report, “Body Dryer Market By mounting Type (Wall Mounted and On Floor), end-user (residential and commercial), Component, and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Body Dryer Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 3.6 Bn by 2027, witnessing a CAGR of 4.5 % during the forecast period. Key drivers of the market are increasing awareness among the customers for hygiene and increasing demand for luxurious products is propelling the growth of these products. However, higher Prices of the products may hinder the growth of the market during the forecast period.
The growth of body dryer products could be augmented by an increasing adoption rate of luxurious products by the customers globally. Moreover, the disposable income of the customers are growing in the recent years that is encouraging the market of these products. The customers are also becoming increasingly conscious about the hygiene recently as a result of shift in the lifestyle.
The Body Dryer market is anticipated to register a CAGR of over 4.5% during the forecast period.
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By mounting type, wall mounting segment held a prominent share in Global Body Dryer Market in 2018.
Basing on the demand the wall mounting body dryer held the leading market demand globally. As the wall mounting body dryer are flexible in usage and could have a good air flow that could maintain its temperature. This could also be because of its suitability to the sensitive skin people. Such favorability of wall mounting body dryer products are propelling its market growth.
By End-user, Commercial Segment of Global Body Dryer Market Is Anticipated To Witness the Fastest CAGR during the Forecast Period.
The demand of the body dryer is high among the commercial end-users that is stimulating its market growth. Moreover the commercial segment is demand advanced body dryer products that is propelling the market demand of body dryer market.
North America is Anticipated to Dominate the Global Body Dryer Market during the Forecast Period.
The demand of body dryer is accounted as high in the North American region that is boosting the market of body dryer in the recent years. The market of these offerings are substantially propelling in this region especially in the US because of the shift in the lifestyle of customers coupled with increasing purchasing power.
Global Body Dryer market was moderately consolidated with key players accounting for significant share in 2018. Thus companies are trying to offer innovative products to the customers imparted with the different features has stimulated the market growth of body dryer in the recent years.
Prominent players operating in the Global Body Dryer Market are: Haystack Dryers, Dolphy India Private Limited, LLC, Avant Innovations, Valiryo, Full Body Dryer LLC, AKW Medi-Care Ltd, Regal Care Shower Trays Ltd., Orchids International, and Kingkraft., among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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