LONDON--(BUSINESS WIRE)--The global paper towel dispenser market is poised to grow by USD 1.06 billion during 2020-2024, progressing at a CAGR of almost 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The ongoing pandemic might have reduced the growth momentum of the market. However, the rising awareness about health and hygiene has increased the consumption of household durable products such as paper towel dispensers. This is expected to provide significant opportunities for market players during the forecast period.
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Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the paper towel dispenser market. The market growth in 2020 is likely to increase compared to market growth in 2019.
Frequently Asked Questions:
Based on segmentation by geographic Landscape, which is the leading segment in the market?
North America will be the largest geographical segment during the forecast period.
What are the major trends in the market?
The impact of western culture in developing countries will be a key trend in the market.
At what rate is the market projected to grow?
The market is projected to grow at a CAGR of almost 5% during the forecast period.
Who are the top players in the market?
American Specialties Inc., Bobrick Washroom Equipment Inc., Cascades Inc., Cintas Corp., Dolphin Solutions Ltd., FRANKE Holding AG, Jaquar Group, KEUCO GmbH & Co. KG, Kimberly-Clark Corp., and Palmer Fixture Co. are the top players in the market.
What are the key market drivers and challenges?
The market will be driven by growing hygiene awareness among consumers. However, the cost-effectiveness of hand dryers against paper towel dispensers will challenge growth.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. American Specialties Inc., Bobrick Washroom Equipment Inc., Cascades Inc., Cintas Corp., Dolphin Solutions Ltd., FRANKE Holding AG, Jaquar Group, KEUCO GmbH & Co. KG, Kimberly-Clark Corp., and Palmer Fixture Co. are some of the major market participants. Although the growing hygiene awareness among consumers will offer immense growth opportunities, the cost-effectiveness of hand dryers against paper towel dispensers is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this paper towel dispenser market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Paper Towel Dispenser Market 2020-2024: Segmentation
Paper Towel Dispenser Market is segmented as below:
- North America
- South America
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Paper Towel Dispenser Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The paper towel dispenser market report covers the following areas:
- Paper Towel Dispenser Market Size
- Paper Towel Dispenser Market Trends
- Paper Towel Dispenser Market Industry Analysis
This study identifies the impact of western culture in developing countries as one of the prime reasons driving the Paper Towel Dispenser Market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Paper Towel Dispenser Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist paper towel dispenser market growth during the next five years
- Estimation of the paper towel dispenser market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the paper towel dispenser market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of paper towel dispenser market vendors
Table of Contents:
- Market Overview
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application placement
- Commercial - Market size and forecast 2019-2024
- Residential - Market size and forecast 2019-2024
- Market opportunity by Application
- Geographic segmentation
- Geographic comparison
- Europe - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver - Demand led growth
- Volume driver - Supply led growth
- Volume driver - External factors
- Volume driver - Demand shift in adjacent markets
- Price driver - Inflation
- Price driver - Shift from lower to higher priced units
- Market challenges
- Market trends
- Landscape disruption
- Vendor Analysis
- Market positioning of vendors
- American Specialties Inc.
- Bobrick Washroom Equipment Inc.
- Cascades Inc.
- Cintas Corp.
- Dolphin Solutions Ltd.
- FRANKE Holding AG
- Jaquar Group
- KEUCO GmbH & Co. KG
- Kimberly-Clark Corp.
- Palmer Fixture Co.
- Scope of the report
- Currency conversion rates for US$
- Research methodology
List of abbreviations
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