QYR Market Research Global Automatic Hand Dryer market research | Page 4

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On the basis of product type, automatic hand dryers are
categorized into hot hand dryer and jet hand dryer. Jet
hand dryers accounted for 49.32% revenue share in 2017
and are estimated to grow at a CAGR of more than 16.5%
over the forecast period. This can be primarily attributed to
the increasing installation at airports, hotels and restaurants,
office buildings, and shopping complexes. The high cost
associated with jet air as compared to hot air variants may
hinder the product demand in the near future.