Paper towel dispenser market will accelerate at a CAGR of almost 5% through 2020-2024

Technavio has been monitoring the paper towel dispenser market and it 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, latest trends and drivers, and the overall market environment.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19.

Frequently Asked Questions

What was the value of the paper towel dispenser market in 2019?

Technavio says that the value of the market was USD 3.98 billion in 2019 and it is projected to reach USD 5.04 billion by 2024.

At what rate is the market projected to grow during the forecast period 2020-2024?

Growing at a CAGR of almost 5%, the market growth will accelerate during the forecast period.

What is the key factor driving the market?

Growing hygiene awareness among consumers and the impact of western culture in developing countries are the key factors driving the market growth.

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 some of the major market participants.

Which region is expected to hold the highest market share?

North America

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. T To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Growing hygiene awareness among consumers has been instrumental in driving the growth of the market.

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