ID: MRFR/CR/8654-HCR | February 2021 | Region: Global | 90 pages
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.
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.
Increasing awareness regarding hand hygiene owing to the sharp rise in global pandemics such as COVID-19.
By Mode of Operation
By Distribution Channel
|Market Size||2019: USD 1.45 Billion|
|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||