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According to #TechSci Research report on Global Soap Dispenser Market is anticipated to grow at CAGR of 6.45% during the forecast period to reach USD2139.68 Million by 2026.<br>Gain More Insight: https://bit.ly/3sFZNH7<br>Get Sample Report: https://bit.ly/3sIfbmu<br>Press Release: https://bit.ly/32ywwDB<br>Website: https://www.techsciresearch.com/<br>Market Research News: https://techsciblog.com/
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2016 – 2026 GLOBAL SOAP DISPENSER MARKET FORECAST AND OPPORTUNITIES Published: October 2021 www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING
Scope of Report Product of Interest (POI): Soap Dispenser A soap dispenser is a device that dispenses liquid and foam soap in hands. Soap dispensers can be operated manually or automatically. Manual soap dispensers require less maintenance than automatic dispensers, as they do not require battery changes whereas automatic dispensers reduce cross-contamination between users and prevent the spread of bacteria, germs and illnesses as they are touchless. GLOBAL SOAP DISPENSER MARKET Market Segmentation BY END USER BY TYPE • Commercial • Residential • Others Review Period 2016 – 2019 Base Year 2020 Estimated Year 2021 Forecast Period 2022 – 2026 • Counter-Mounted • Wall-Mounted Year Range BY PRODUCT TYPE • Manual • Automatic BY DISTRIBUTION CHANNEL • Offline • Online BY CAPACITY • Above 500 ml • 250 ml to 500 ml • Below 250 ml BY REGION • North America • Europe • Asia-Pacific • South America • Middle East and Africa BY SOAP TYPE • Liquid • Foam
Research Methodology Data Collection Data Validation Market Profiling Data Analysis Developing list of Respondents Formulating Questionnaire In-depth secondary research was conducted to determine top players in the global soap dispenser 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 soap dispenser 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 • Final 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 20
Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various business aspects of the global soap dispenser market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as rising awareness towards hygiene post COVID-19, increasing usage of liquid and foam based soaps, rising disposable income, changes in consumer preferences, increasing innovation in existing luxury product offerings and higher rate of urbanization. The study includes market forecasting, which would enable our clients to take better decision while planning their strategy to achieve sustainability in the global soap dispenser market. Methodology Followed for Calculation of Market Size: • Market Size by Value: Market size, in terms of value, for the year 2020 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders such as soap dispenser companies, channel partners, market influencers & end users, industry experts and other industry participants. • The team interviewed more than 25 soap dispenser companies, 300 end users, and 15 industry experts and other value chain stakeholders in the global soap dispenser market to obtain the overall market size between 2016 and 2020, 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 2016-2020. 21
Research Methodology • Respondents were asked about the current and future market growth rates, market shares by type, by product type, by capacity, by soap type, by end user, by distribution channel, by region and by company. Removing the outlier response, the geometric mean of growth estimates and supplier 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 based on response received from other stakeholders depending upon the type of soap dispensers. Methodology Followed for Forecasting: • Market shares by type, by product type, by capacity, by soap type, by end user, 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 types of soap dispenser segments. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. • 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 present a more meaningful picture of the market. To forecast the global soap dispenser market, TechSci Research used various forecast techniques such as: Moving Average Time Series Analysis Regression Analysis Econometric and Judgmental Analysis Note: (a) Sum of some shares may not be 100% due to round off till two decimal places. 22
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 and analyze the market demand scenario. 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. 23
Industry Brief Rising awareness towards hygiene, changing lifestyle and rapid urbanization to fuel the global soap dispenser market through 2026. According to TechSci Research report “Soap Dispenser Market - Global Industry Size, Share, Trends, Competition Opportunity and Forecast, 2016-2026”, global soap dispenser market was valued USD1478.90 million in 2020 and is anticipated to grow at a CAGR of 6.45% in value terms, in the next five years to reach USD2139.68 million by 2026. The growth in the market is driven by rising usage of hand sanitizer in the commercial sector and growing awareness pertaining to cleanliness and hygiene among consumers. In addition, growing disposable income and increasing prevalence of infectious and communicable diseases such as COVID-19, Ebola, etc. around the world coupled with rising concern pertaining to hand hygiene are driving the market. Rising per capita disposable income, especially in developing countries such as China, Brazil, and India, has led to an increased consumption and consumer spending on lifestyle and luxury products. Thus, an increasing number of consumers nowadays are not compromising with the product quality irrespective of its cost. Such consumer behavior on account of rising disposable income is positively influencing the global soap dispenser market. Moreover, rising disposable income levels have increased the purchasing power of consumers, which has resulted in an improved standard of living. Consumers are opting for convenient products for usage, which is further fueling the demand for soap dispensers. Global soap dispenser market can be segmented based on type, product type, capacity, soap type, end user, distribution channel, company and region. In terms of product type, the market can be segregated into manual and automatic. Out of these, manual segment dominated the market in 2020 with share of 60% and the segment is forecast to continue dominance through 2026. However, automatic segment is anticipated to grow at the highest CAGR of 7.66% through 2026 as they contain sensing device which provides hands-free usage, ensuring less contact with germs and bacteria while using the soap dispenser. Due to these reasons, automatic dispensers are highly being installed at public places like restrooms, airports and hospitals. Regionally, Asia-Pacific region is projected to advance with the fastest growth in the global soap dispenser market, with a CAGR of 7.33% through 2026, on account of growing middle-class population, lifestyle upgradation, rising working-class population, and increasing purchasing power of the consumers. Another major factor contributing to the growth of soap dispensers is the growing concern to prevent infections, which is expected to continue to boost the market at a higher pace. Some of the major players operating globally in the soap dispenser market are Georgia-Pacific LLC (GP PRO (Georgia-Pacific Professional)), American Specialties, Inc., Bobrick Washroom Equipment, Inc., Shenzhen SVAVO Intelligent Technology Co.,Ltd, Orchids International, Kutol Products Company, Bradley Corporation, Simplehuman, LLC, Kohler Co., Umbra LLC, etc. The market for soap dispensers is fragmented in nature with no major players occupying a significant share. Companies are using innovative strategies such as improved packaging and product quality to increase their share in the market. For instance, in 2021, Amazon launched a smart soap dispenser in the United States which has an integrated 20-second LED timer and an option to pair with a compatible echo device. Similarly, in June 2020, Grafdoer launched automatic soap/sanitizer dispensers for hands-free accessibility which enabled a simple-to-operate mechanism. “The e-commerce sales channel is expected to exhibit the fastest growth among other distribution channels in the global soap dispenser market. The segment is projected to grow with a CAGR of 7.45% in the forecast period. The rapid growth of online retail, especially in the post COVID-19 era has made companies rethink their distribution strategy. Moreover, the online retail market offers an attractive option for companies due to low operating costs. Moreover, the advent of online channels has allowed consumers to easily check out and compare a wide range of products on a single platform without having to spend a lot of time in stores.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
Sample Data - Snapshot Global Soap Dispenser Market Size, By Value (USD Million), 2016-2026F CAGR 2016-2020 By Value: xx% CAGR 2021E-2026F By Value: xx% Europe Soap Dispenser Market Share, By Type, By Value, 2016-2026F France Soap Dispenser Market Share, By Product Type, By Value, 2016-2026F France Soap Dispenser Market Share, By Distribution Channel, By Value, 2016-2026F
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About Us & Disclaimer TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market. Related Reports • India Soap Dispenser Market, By Type (Wall-Mounted, Counter-Mounted), By Product Type (Manual, Automatic), By Capacity (<250 ml, 250ml to 500 ml, And 500ml to 1000 ml), By Soap Type (Foam Soap, Liquid Soap), By End User (Residential, Commercial (Hospitals, Airports, Schools, Hotels & Restaurants, Others), Others), By Distribution Channel (Online, Offline (Hypermarkets/ Supermarkets, Independent Retailers, Pharmacies and Drugstores, Convenience Stores, Cash and Carry Stores, and Department Stores), By Region, Forecast & Opportunities, FY2026 • UAE Soap Dispenser Market, By Type (Wall-Mounted, Counter-Mounted), By Product Type (Manual, Automatic), By Capacity (<250 ml, 250ml to 500 ml, And 500ml to 1000 ml), By Soap Type (Foam Soap, Liquid Soap), By End User (Residential, Commercial (Hospitals, Airports, Schools, Hotels & Restaurants, Others), Others), By Distribution Channel (Online, Offline (Hypermarkets/ Supermarkets, Independent Retailers, Pharmacies and Drugstores, Convenience Stores, Cash and Carry Stores, and Department Stores), By Region, Forecast & Opportunities, 2026 TechSci Research – North America 708 Third Avenue, Manhattan, New York, United States Tel: +1- 646- 360- 1656 Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Europe 54, Old brook, Bretton, Peterborough, United Kingdom Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Asia-Pacific B – 44, Sector – 57, Noida, National Capital Region, U.P. - India Tel: +91-120-4523900 Email: sales@techsciresearch.com www.techsciresearch.com Disclaimer The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and firsthand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.