Global Hand Sanitizer Dispensing Machine Market Outlook 2031:
The global hand sanitizer dispensing machine market size was valued at USD 100 Million in 2022 and is expected to reach USD 343.61 Million by 2031 estimated to expand at a CAGR of 14.7% during the forecast period, 2023 - 2031. A hand sanitizer dispensing machine is a self-contained hand washing station that can be used alone or in combination with other hygiene stations.
A hand sanitizer dispenser machine is a gadget that dispenses sanitizer when manipulated or triggered, which helps to kill germs from hands. It comprises of alcohol or alcohol-free compounds that are effective against germs and bacteria. Hand sanitizer dispensing machines are simple to use and have low maintenance expenses. Hand sanitizer dispensing machines come in a variety of pricing points, sizes, capacities, and operation modes.
It can be operated both automatically and manually as well as available in different shapes including counter-mounted or wall-mounted. These machines are commonly seen in public venues such as IT and offices, business parks, colleges, schools, offices, metro stations, malls, railway stations, airports, and other populated areas.
Hand Sanitizer Dispensing Machine Market Trends, Drivers, Restraints, and Opportunities:
- The COVID-19 pandemic has dramatically increased the use of hand sanitizers to prevent from the virus contact. This leads to increase in the demand for hand sanitizer dispensing devices.
- Increasing awareness of health and wellbeing among a large number of the global population is estimated to boost demand for hand sanitizer dispensers.
- Rising healthcare expenditures and increased R&D investments by firms in order to offer new products help to drive the hand sanitizer dispensing machine market expansion.
- Social distancing, the closing of commercial operations, and remote employment are key restraining factor, which is likely to hinder the hand sanitizer dispensing machine market expansion in the coming years.
- Availability of excessive alternative products in market acts as a key challenge that is projected to limit the market growth during the targeted period.
- Rise in hygiene concerns in the healthcare sector as well as the penetration of new market players and strategic initiatives undertaken by existing players are substantial opportunities for the hand sanitizer dispensing machine market growth.
Scope of Hand Sanitizer Dispensing Machine Market report:
The report on the global hand sanitizer dispensing machine market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
Attributes
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Details
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Report Title
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Hand Sanitizer Dispensing Machine Market- Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016 – 2021
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Forecast Period
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2023 – 2032
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Segmentation
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Types (Fixed and Portable), Modalities (Manual and Automatic), Price Points (Mass and Standard), Distribution Channels (B2C and B2B), Applications (Food Service, Healthcare, Manufacturing, Retail, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Bright Pancar SDN. BHD; Hokwang Industries Co., Ltd.; The Clorox Company; GOJO Industries, Inc.; American Specialties, Inc.; Simplehuman; Shenzhen SVAVO Intelligent Technology Co., Ltd.; Toshi Automation Solutions; AKER BIOMARINE; and Umbra
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Hand Sanitizer Dispensing Machine Market Segment Insights:
Fixed segment is projected to hold significant market share
Based on types, the global hand sanitizer dispensing machine market share is bifurcated into fixed and portable. The fixed segment is projected to hold significant market share during the forecast period owing to an increase in healthcare spending and significant investments by corporations in R&D to offer new products.
The instalment of hand sanitizer dispensing machines is increasing in various public spaces such as colleges and schools, restaurants and cafés, shopping malls, and hotels, which contribute the considerable growth of the segment.
Automatic segment is anticipated to account for a substantial share
On the basis of modalities, the global hand sanitizer dispensing machine market share is segmented into manual and automatic. The automatic segment is anticipated to account for substantial share of the market in the coming years due to an increase in demand for hand disinfectant units as a result of the COVID-19 epidemic.
Furthermore, consumer preference for health and wellbeing as well as product innovation such as the incorporation of fragrances into sanitizer formulations are expected to drive the segment growth.
Standard segment expands at a robust pace in the coming years
In terms of price points, the global hand sanitizer dispensing machine market is divided into mass and standard. The standard segment is projected to expand at a robust growth pace during the forecast period owing to low cost management, more appropriate and easier inventory measurements, cost savings in record-keeping, and possible reductions in manufacturing costs.
B2B segment to register substantial growth rate
Based on distribution channels, the market is segmented into B2C and B2B. The B2B segment is expected to register a substantial growth rate during the projected timeline. As manufacturing businesses begin operations, hand sanitizer dispensers are being used on a massive scale to safeguard the safety of their staff and other employees.
Furthermore, the availability of hand sanitizer dispensers through various channels such as supermarkets and hypermarkets, as well as online platforms, has boosted the segment expansion.
Healthcare segment expand at a high CAGR
On the basis of applications, the global hand sanitizer dispensing machine market is segregated into food service, healthcare, manufacturing, retail, and others. The healthcare segment is anticipated to expand at a high CAGR during the forecast period due to the growing demand for sanitizers to maintain a sanitary environment in hospitals and clinics.
Furthermore, increasing health concerns among doctors and other hospital and clinic workers create a steady demand for various healthcare items.
North America is expected to dominate the market
In terms of regions, the hand sanitizer dispensing machine market is categorized as Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America is expected to dominate the market during the projected timeline owing to the presence of huge number of manufacturers along with the availability of robust and developed retail infrastructure in the region.
The United States has recorded millions of COVID-19 cases, the need for hygiene and health goods particularly sanitizer has skyrocketed. Furthermore, according to various government bodies' rules, the usage of hand sanitizer has become mandatory in public areas and commercial enterprises. This is projected to contribute to market expansion in this region in the coming years.
Segments
By Types
By Modalities
By Price Points
By Distribution Channels
By Applications
- Food Service
- Healthcare
- Manufacturing
- Retail
- Others
By Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
By Key Players
- Bright Pancar SDN. BHD
- Hokwang Industries Co., Ltd.
- The Clorox Company
- GOJO Industries, Inc.
- American Specialties, Inc.
- Simplehuman
- Shenzhen SVAVO Intelligent Technology Co., Ltd.
- Toshi Automation Solutions
- AKER BIOMARINE
- Umbra
Competitive Landscape
Key players competing in the hand sanitizer dispensing machine market are Bright Pancar SDN. BHD; Hokwang Industries Co., Ltd.; The Clorox Company; GOJO Industries, Inc.; American Specialties, Inc.; Simplehuman; Shenzhen SVAVO Intelligent Technology Co., Ltd.; Toshi Automation Solutions; AKER BIOMARINE; and Umbra.
These players have constantly engaged in several market development strategies including collaborations, agreements, mergers & acquisitions, production capacity expansion, new product launches, and partnerships to increase their market share.