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Global hand sanitizing station market is expected to grow at an impressive rate during the forecast period. The global hand sanitizing station market is driven by the sudden outbreak and spread of pandemic COVID-19 across the globe. The surge in the number of cases, increasing number of deaths and unavailability of any potential drug for treatment is further expected to propel the market growth. Protection from the deadly viral infection requires continuous washing and sanitizing hands and wearing masks.
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2015 – 2025 GLOBAL HAND SANITIZING STATION MARKET FORECAST & OPPORTUNITIES www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING
Scope of Report Product of Interest (POI): Hand Sanitizing Station Global hand sanitizing station market is expected to grow at an impressive rate during the forecast period. The global hand sanitizing station market is driven by the sudden outbreak and spread of pandemic COVID-19 across the globe. The surge in the number of cases, increasing number of deaths and unavailability of any potential drug for treatment is further expected to propel the market growth. Protection from the deadly viral infection requires continuous washing and sanitizing hands and wearing masks, which is further driving the market. Market Segmentation Review Period 2015 – 2018 Base Year 2019 Estimated Year 2020 Forecast Period 2021 – 2025 TYPE APPLICATION Year Range • Floor Stand Sanitizers • Wall Mounted • Residential • Commercial • Industrial SANITIZER TYPE REGION • Liquid • Foam • Gel • Asia-Pacific • Europe • North America • South America • Middle East & Africa (MEA)
Research Methodology Market Profiling Data Analysis Data Collection Data Validation Developing List of Respondents Formulating Questionnaire In-depth secondary research was conducted to determine top players in the global hand sanitizing station market, overall market size and segmental market size. The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about the global hand sanitizing station market. Data obtained as a result of primary and secondary research was validated through rigorous triangulation. TechSci conducted interviews with industry experts and industry players for data collection and verification. In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide. List of industry players and industry specialists was developed. Actionable Insights Data Filter & Analysis Business Solution Research & Intelligence Data Collection Primary Research Desk Research Company Analysis • Recent Developments • Market Changing Aspects/Dynamics • Government Policies • Conclusion • Market Participants • Key Strengths • Identifying Key Opinion Leaders • Questionnaire Design • In-depth Interviews Primary Research Secondary Research Paid Sources • LinkedIn • TechSci Internal Database • Company Websites • Company Annual Reports • White Paper Study • Financial Reports • Investor Presentations • Regulatory Body • Associations, etc. • Factiva • Hoovers
Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of the global hand sanitizing stationmarket. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as sudden outbreak and spread of pandemic COVID-19 across the globe. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in the global hand sanitizing station market. Methodology Followed for Calculation of Market Size: • Market Size by Value: Market size, in terms of value, for the year 2019 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as hand sanitizing station companies, channel partners, market influencers & end users, industry experts, and other industry participants. • The team interviewed more than 15 – 20 hand sanitizing stationcompanies, 100 – 120 end users, and 15 – 20 industry experts and other value chain stakeholders in the global hand sanitizing station market to obtain the overall market size from 2015 to 2019, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during 2015-2019.
Research Methodology • Respondents were asked about the current and future market growth rates, market shares by type, by application, by mode of operation, by sanitizer type, by distribution channel, by region and by company. Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders. Methodology Followed for Calculation of Market Shares: • Market shares by type, by application, by mode of operation, by sanitizer type, by distribution channel, by region and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various segments of hand sanitizing station markets. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Methodology Followed for Forecasting: • TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in SPSS/Tableau Software. • Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast global hand sanitizing station market, TechSci Research used various forecast techniques such as: Moving Average Time Series Analysis Regression Analysis Econometric and Judgmental Analysis
Research Methodology TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that the figures compiled are only for the organized market including market share data. The currency used in the report is the United States Dollar (USD), with the market size indicated in USD million.
Industry Brief According to TechSci Research report, “India Hand Sanitizing Station Market By Type (Floor Stand Sanitizers v/s Wall Mounted), By Mode of Operation (Automatic v/s Manual), By Sanitizer Type (Liquid, Foam, Gel), By Distribution Channel (Store-Based v/s Non-Store-Based), By Application (Residential, Commercial, Industrial), By Region, Forecast & Opportunities, FY2026”, the India hand sanitizing station market is expected to grow at an impressive rate during the forecast period on account of the increasing disposable income, purchasing power and changing lifestyle of people in the country. Additionally, widespread installation of hand sanitizing units across restaurants, hotels, airports, academic institutions, corporate offices, among others, is further expected to fuel the market growth through FY2026. Furthermore, the sudden outbreak and spread of pandemic with surging cases in the country and India being among the top five worse hit countries by the pandemic, has increased the demand for hand sanitizers and installation of hand sanitizing stations across residential and commercial sectors. Besides, the country is witnessing increasing geriatric population suffering from chronic diseases such as cancer, CVD, diabetes, renal disorders, among others, thereby increasing the patient pool which requires various surgical procedures. This in turn is expected to propel the market growth over the next few years. Moreover, technological advancements and new product launches by the major players operating in the market is expected to create lucrative opportunities for market growth until FY2026. However, price based competition and emergence of local players might hamper the market growth during the forecast period. Also, emergence of counterfeit products might further restrict the market growth over the next few years. Additionally, various environmental and health concerns pertaining to the use of hand sanitizers might further impede the market growth through FY2026. The India hand sanitizing station market is segmented based on type, mode of operation, sanitizer type, distribution channel, application, company and region. Based on type, the market can be split into floor stand sanitizers and wall mounted. Among these, the wall mounted sanitizing station segment is expected to dominate the market during the forecast period. This can be ascribed to the widespread use of wall mounted hand sanitization units across various commercial facilities such as restaurants, hotels, academic institution, among others, especially in the washrooms and near hand washing units. The floor stand sanitizers segment is expected to register significant growth in the market on account of their easy availability and low cost. Additionally, these are portable. Based on mode of operation, the market can be bifurcated into automatic and manual. Here, the automatic segment is expected to dominate the market since they are user friendly and help in maintaining proper hygiene concerns. Based on sanitizer type, the market can be categorized into liquid, foam and gel. The gel type is expected to witness significant growth in the market since they conveniently spread and penetrate into the skin. On the other hand, the foam segment is expected to hold significant market share since they easily penetrate through the skin and stay for a longer duration. Based on distribution channel, the market can be split into store-based and non-store-based. Here, the store-based segment is expected to dominate the market on account of the availability of wide range of options available at competitive prices. Dolphy India Pvt. Ltd., STAIETECH LLP, Euronics Industries Pvt. Ltd., Conmed Devices Pvt. Ltd., BPE INNOVATIONS PVT. LTD., NR Hygiene Solutions, SudhaiAirTech Private Limited, Mazaf International Agencies Pvt Ltd, Kwick Living (I) Pvt Ltd (Beco), Bluepoint Office Solutions and others are some of the leading players operating in India hand sanitizing station market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share. “India hand sanitizing station market is expected to register significant growth during the forecast period on account of the surging cases of COVID-19 in the country. This has made the use of hand sanitizers and installation of hand sanitizing stations across different residential, commercial and industrial spaces, the new normal. Furthermore, supportive government policies promoting the use of hand sanitizers in order to prevent the spread of infection is expected to propel the market growth through FY2026. Also, the ‘Make in India’ and ‘Self-sufficient India’ initiative launch by the government has led to the manufacturing of hand sanitizing stations or units in the country, thereby creating lucrative opportunities for market growth over the next few years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
Sample Data - Snapshot Global Hand Sanitizing Station Market Size, By Value (USD Million), 2015-2025F North America Hand Sanitizing Station Market Share, By Type, By Value, 2015–2025F Canada Hand Sanitizing Station Market Share, By Application, By Value, 2015–2025F
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