Hand Wash Station Market to Reach $1.48 Bn, Globally, by 2027 at 4.4% CAGR: Allied Market Research

Hand Wash Station Market to Reach $1.48 Bn, Globally, by 2027 at 4.4% CAGR: Allied Market Research

PR Newswire

PORTLAND, Ore., Oct. 1, 2020

- Technological advancements and innovations in the manufacturing process and improved hygiene infrastructure at public places and homes drive the growth of the global hand wash station market.

PORTLAND, Ore., Oct. 1, 2020 /PRNewswire/ -- Allied Market Research published a report, titled, "Hand Wash Station Market by Type (Single Sink and Multiple Sinks), Portability (Permanent and Portable), Material (Ceramics, Alloy, and Others) and End User (Community and Commercial): Global Opportunity Analysis and Industry Forecast, 2021–2027." According to the report, the global hand wash station industry generated $919.4 million in 2019, and is projected to reach $1.48 billion by 2027, witnessing a CAGR of 4.4% from 2021 to 2027.

Allied_Market_Research_Logo

Prime determinants of growth

Technological advancements and innovations in the manufacturing process and improved hygiene infrastructure at public places and homes drive the growth of the global hand wash station market. However, expensive nature and advent of counterfeit brands hinder the market growth. On the other hand, aggressive promotion on social media channels and strategies such as product launch and business expansion present new opportunities in the coming years.

Request Sample Report at : https://www.alliedmarketresearch.com/request-sample/7556

Covid-19 Scenario

The single sink segment to maintain its lead position throughout the forecast period

Based on type, the single sink segment contributed to the highest market share in 2019, holding nearly two-thirds of the global hand wash station market, and is projected to maintain its lead position throughout the forecast period. This is due to its characteristics such as ease in installation and low cost along with outbreaks of respiratory infection-based diseases such as Covid-19 and H1N1. However, the multiple sink segment is projected to portray the highest CAGR of 5.1% from 2021 to 2027, owing to rapidly scaling up solutions for hand hygiene and minimization in risks of transmission.  

The permanent segment to maintain its dominant share during the forecast period

Based on portability, the permanent segment accounted for around three-fourths of the global hand wash station market in 2019, and is expected to maintain its dominant share during the forecast period. This is due to increase in construction activities in developing nations, rise in concerns related to health & hygiene, and availability of raw materials in abundance. However, the portable segment is expected to witness the highest CAGR of 5.6% from 2021 to 2027, owing to less space needed to install and innovations in product designs.

North America to grow at the highest rate

Based on region, North America is expected to witness the largest CAGR of 5.9% from 2021 to 2027. This is attributed to improved lifestyle, rise in purchasing power, increase in health consciousness, and awareness of benefits provided by hand wash station products. However, Asia-Pacific contributed to the highest market share, accounting for more than one-third of the global hand wash station market in 2019, and is expected to continue to lead by 2027. This is due to rise in consumer awareness regarding airborne health infections along with increase in government initiatives.

For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/7556

Major market players

Avenue Basic Plan | Library Access | 1 Year Subscription |

Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.

Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter

Get more information: https://www.alliedmarketresearch.com/library-access

Similar Reports:

Air Purifying Spray Market: Global Opportunity Analysis and Industry Forecast, 2021–2027

Home Decor Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

Portable Air Purifier Market: Global Opportunity Analysis and Industry Forecast, 2020-2027

Hand Sanitizer Dispenser Market: Global Opportunity Analysis and Industry Forecast, 2021–2027

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting services to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): 1-800-792-5285, 1-503-894-6022, 1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg  

Voltar noticias em Inglês