Personal Spending in the United States decreased 0.10 percent in May of 2025 over the previous month. This dataset provides the latest reported value for - United States Personal Spending - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Personal Income in the United States decreased 0.40 percent in May of 2025 over the previous month. This dataset provides the latest reported value for - United States Personal Income - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

According to Cognitive Market Research, the global Body Dryer market size was valued at USD xx billion in 2024 and is expected to reach USD xx billion at a CAGR of xx% during the forecast period.

North America held the market around XX% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of XX% from 2024 to 2031.
Asia-Pacific accounted for a share of over XX% of the global market size of USD XX million.
Europe held a market share of around XX% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of XX% from 2024 to 2031.
The Latin American market is around XX% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of XX% from 2024 to 2031.
Middle East and Africa held the major market of around XX% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of XX% from 2024 to 2031.

Market Dynamics of the Body Dryer Market

Key Drivers of the Body Dryer Market

Increasing Disposable Income will help the body dryers market grow.

Consumer behavior is significantly impacted by increases in disposable income. According to the U.S. Bureau of Economic Analysis (BEA), personal income grew by $60.0 billion in December, or 0.3% per month.

(source:https://www.bea.gov/news/2024/personal-income-and-outlays-december-2023).

Furthermore, there was a $51.8 billion rise in disposable personal income or a 0.3% gain. Consumer spending expanded by 0.7%, or $133.9 billion, while personal outlays increased by $134.7 billion, or 0.7%.

(Source:https://www.bea.gov/news/2024/personal-income-and-outlays-december-2023).

Furthermore, when disposable income per capita rises, people have more money to spend on products like body dryers that enhance comfort and convenience. This trend is impacting market growth in industrialized nations where economic stability allows for higher discretionary expenditure Furthermore, because consumers are prepared to pay more for durable, superior products that promote greater comfort and an enhanced personal care experience, body dryers are regarded as luxury items. Therefore, the global body dryer market value is rising as a result of consumers' increasing ability to spend money on luxuries that improve their quality of life.

Increasing Healthcare Expenditure can help the market to grow.

A broader trend towards improved health and wellness standards, which include good personal cleanliness practices, is reflected in the growing expense of healthcare. According to the Centers for Medicare & Medicaid Services, the National Health Expenditure (NHE) grew by 4.1% to $4.5 trillion in 2022, or $13,493 per person, or 17.3% of GDP.

(Source:https://www.cms.gov/data-research/statistics-trends-and-reports/national-health-expenditure-data/nhe-fact-sheet).

Medicare spending grew by 5.9% to $944.3 billion, or 21% of the entire NHE. In addition, more healthcare spending suggests a stronger emphasis on illness prevention, which emphasizes the importance of good hygiene.

(Source:https://www.cms.gov/data-research/statistics-trends-and-reports/national-health-expenditure-data/nhe-fact-sheet).

In addition, body dryers help with this by providing a drying technique that lowers the likelihood of skin infections and irritation brought on by moisture. This makes them especially desirable in healthcare environments like hospitals and senior living centers, which boosts the body dryer market's revenue.

Restraint of the Body Dryer Market

The body dryer market can be hampered due to, high costs and product recalls.

The market for body dryers can be hampered by sporadic product recalls, which can erode consumer confidence and brand reputation. Additionally, the product's niche nature limits market penetration, making it challenging for makers to reach a larger market. Body Dryers' high price point may turn off potential buyers and limit their accessibility to a wider range of consumers. Additionally, the lack of product standardization may cause problems with other bathroom fixtures and raise questions about how simple it will be to install and operate them. Since conventional towels and electric blow dryers are more economical a...

PCE Price Index Monthly Change in the United States remained unchanged at 0.10 percent in May. This dataset includes a chart with historical data for the United States PCE Price Index Monthly Change.

Revenue for the Department Stores and Shopping Malls industry in China is expected to grow at an annualized 3.1% over the five years through 2025, to an estimated $245.3 billion. Per capita disposable income and consumer spending power have grown over the past five years. Revenue is expected to increase by 2.2% in 2025.Establishment numbers are expected to rise 0.3% in 2025, to an estimated 6,106 retail store locations. However, enterprise numbers are expected to fall 1.6% in 2025. This decline is due to increased merger activity and unprofitable companies exiting the industry. Profitability is estimated to account for 4.9% of revenue in 2025. Profit margins in the industry have declined in the past two years mainly because industry enterprises are cutting prices to attract consumers.The Department Stores and Shopping Malls industry has developed steadily in recent years due to retail sector development, changes in operating methods and shifting market needs. Industry enterprises are projected to continue incorporating customized experiences and cultural factors to appeal to more customers over the five years to 2025. The continued development of these factors is anticipated to contribute to steady revenue growth over the next five years. Department stores and shopping malls are now moving towards multi-format business models. Some department stores have introduced more youthful consumption experiences, like themed activity exhibitions and celebrity store interactions. Some shopping malls develop into communities, introducing pharmacies and lifestyle stations. The integration of multiple consumer demands has helped industry enterprises to improve passenger flow.However, the ongoing slowdown in the Chinese economy will likely moderate consumer demand. The rapid development of online shopping also presents a challenge to the development of traditional department stores and shopping malls. It is expected that revenue will rise at an annualized 2.2% over the five years through 2030, to total $273.2 billion.

Core PCE Price Index MoM in the United States increased to 0.20 percent in May from 0.10 percent in April of 2025. This dataset includes a chart with historical data for the United States Core Pce Price Index MoM.

The Gross Domestic Product (GDP) in Germany contracted 0.10 percent in the second quarter of 2025 over the previous quarter. This dataset provides the latest reported value for - Germany GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.