Soap Dispenser Market Research Report - Global Forecast till 2027

Global Soap Dispenser Market Research Report: Information by Type (Wall Mounted and Countertop), Mode of Operation (Manual and Automatic), End-User [Residential and Commercial (Office, HoReCa, Schools & Universities, Airports and Others)] and Distribution Channel [Store-Based (Supermarkets & Hypermarkets, Vendors and Others) and Non-Store Based] and Region (North America, Asia-Pacific, Europe and Rest of the World) - Forecast till 2027

ID: MRFR/CR/8654-HCR | February 2021 | Region: Global | 90 pages

Please note that the assessment period of the report has been updated from 2018-2026 to 2020-2027. Cordially fill Sample form for the updated data.

Market Scenario


Global Soap Dispenser Market size in 2019 was valued at USD 1.45 Billion and is expected to grow with a CAGR of 9.1% from 2020 to 2026. The demand for soap dispensers is increasing owing to the increasing awareness among consumers regarding hand hygiene etiquette. The rising number of harmful infectious diseases such as Ebola, H1N1, and COVID-19 have resulted in creating awareness regarding hand hygiene. This has been one of the key driving factors for the growth of soap dispensers worldwide. Soap dispensers are widely used in commercial applications. However, with rising purchasing power, changing lifestyles, and the advent of innovative and designable soap dispensers that provide not only functional requirements but also fulfill aesthetic needs have resulted in the increasing use of soap dispensers in residential applications. Additionally, the growth of emerging economies has resulted in the development of various commercial spaces. Hence, with the rise in the number of commercial spaces such as offices, schools and universities, airports, and many others, the use of soap dispensers is anticipated to increase during the forecast period.


Market Synopsis


Global Soap Dispenser Market has witnessed exponential growth in the last couple of months. The outbreak of a global pandemic, COVID-19, has created lucrative growth opportunities for soap dispenser manufacturers across the globe. With increasing cases of COVID-19, awareness regarding hand hygiene has increased tremendously. This has propelled the demand for soap dispensers worldwide. Although soap dispensers are majorly used in commercial applications, the outbreak of the global pandemic is anticipated to increase the adoption of the product in residential applications in the next couple of years. Thus, many global players and start-ups are investing in developing innovative product portfolios. Owing to the transmission of deadly infections, companies are coming up with hand free, automated, and electronic soap dispensers, which could help in preventing the spread of COVID-19.


Market USP


Increasing awareness regarding hand hygiene owing to the sharp rise in global pandemics such as COVID-19.


Market Drivers




  • Rising number of global pandemics such as COVID-19, Ebola, and Cholera: The rising number of global epidemics such as COVID-19 is one of the key growth drivers for the growth of the soap dispenser market worldwide. The advent of such global pandemics has increased not only the demand for soap dispensers in the commercial segment but also the residential segment.



  • Increasing per capita disposable income worldwide



  • Launch of innovative product portfolios (product designs and forms)



  • Effective marketing strategies



  • Growth of the organized retail sector in developing countries



  • Advent of e-commerce platforms


Market Restraints



  • High prices



  • Rising number of counterfeit products during a global crisis


Segmentation


By Type



  • Wall Mounted: This segment accounted for the largest market share in 2019 and is projected to remain dominant during the forecast period. Wall-mounted is the most common type of soap dispenser in the global soap dispenser market. Affordability and applicability of wall mounted soap dispensers are expected to drive the growth of the commercial segment in the global market.



  • Countertop


By Mode of Operation



  • Manual



  • Automatic: The automatic segment is anticipated to have the highest growth rate during the forecast period. Although manual soap dispensers dominate the overall global soap dispensers due to its affordability, the rising number of various viral infections across the globe is expected to increase the demand for automated soap dispensers in the next couple of years.


By End-User



  • Residential



  • Commercial: The commercial segment dominated the global soap dispenser market in 2019 and is expected to remain dominant throughout the study period. The practicality of using soap dispensers in commercial spaces such as schools & universities, airports, and other commercial spaces is expected to drive the growth of the commercial segment in the global market.


By Distribution Channel



  • Store-Based: The store-based segment has been further divided into supermarkets & hypermarkets, vendors, and others. Vendors are the most common segment for the sale of soap dispensers for the commercial segment.



  • Non-Store-Based


By Region



  • North America: North America dominated the soap dispenser market in 2019, owing to the strong prevalence of hand hygiene etiquettes. Additionally, the presence of some of the key players specialized in soap dispensers in the US has made North America a key market for soap dispensers.



  • Europe



  • Asia-Pacific: Asia-Pacific is anticipated to create new lucrative opportunities for the soap dispenser market during the forecasted period. The uncontrolled onset of global pandemics such as COVID-19 is anticipated to surge the demand for soap dispensers during the review period. The increasing purchasing capacity, coupled with the rising number of emerging economies, is expected to create lucrative opportunities for soap dispenser manufacturers in the region.



  • Rest of the World


Key Players



  • American Specialties, Inc. (US)

  • Kohler Co. (US)

  • TOTA Ltd. (Japan)

  • Hokwang Industries Co., Ltd. (Taiwan)

  • GOJO Industries, Inc. (US)

  • ASI American Specialties, Inc. (US)

  • Bobrick Washroom Equipment, Inc. (US)

  • CERA Sanitaryware Limited (India)

  • Jaquar Group (India)

  • Shresmo (India)



Report Scope:
Report Attribute/Metric Details
  Market Size   2019: USD 1.45 Billion
  CAGR    9.1%(2020–2026)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Type, Mode of Operation, End-User, Distribution Channel, Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   American Specialties, Inc. (US), Kohler Co. (US), TOTA Ltd. (Japan), Hokwang Industries Co., Ltd. (Taiwan), GOJO Industries, Inc. (US), ASI American Specialties, Inc. (US), Bobrick Washroom Equipment, Inc. (US), CERA Sanitaryware Limited (India), Jaquar Group (India), Shresmo (India)
  Key Market Opportunities   The rising number of harmful infectious diseases such as Ebola, H1N1, and COVID-19 have resulted in creating awareness regarding hand hygiene
  Key Market Drivers

  • Increasing awareness regarding the use of hand hygiene products
  • Rising number of global pandemics such as COVID-19, Ebola, and Cholera