Trusted Business Insights answers what are the scenarios for growth and recovery and whether there will be any lasting structural impact from the unfolding crisis for the Pressure Washer market.
Trusted Business Insights presents an updated and comprehensive analysis of Pressure Washer Market. The report contains market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. The report further elaborates on the micro and macroeconomic aspects including the socio-political landscape that is anticipated to shape the demand of the Pressure Washer market during the forecast period (2021-2026).Our research analyst have analysed at the short-term stress in the industries subsectors as well as long-term impacts. Analyst have also examined the role of the leading market players involved in the industry including their corporate overview, financial summary, and SWOT analysis.
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Abstract, Snapshot, Market Analysis & Market Definition: Global Pressure Washer Market
The global Pressure Washer market size is projected to reach US$ 2.35 billion by 2026, from US$ 1.92 billion in 2020, at a CAGR of 3.4% during 2021-2026. Growth in the cleaning sector such as car washing, pool cleaning, and floor cleaning and increasing number of vehicles are anticipated to fuel the market growth in the forecast period.
Furthermore, increasing number of vehicles has driven the market for the product in the residential sector as consumers washing trend is shifting towards pressure washing rather than traditional methods. Increasing product awareness and its benefits among the consumer is also impacting the market growth. The fact that the washer improves buildings curb appeal by washing the building regularly is increasing the demand for the product in the residential as well as hospitality sectors.
Increasing professional cleaning start-ups such as UrbanClap are fueling the market growth. The product is basically used for deep cleaning purposes to remove impurities and dirt present in the surroundings of the building. On the other hand, the effective result on car cleaning, patio cleaning, and home exterior cleaning is anticipated to propel the pressure washer market growth in the forecast period. In various countries, the government is also implementing these technologies in the cleaning process of roads and public gardens.
However, the product comes with some safety measures which is to be followed by the users in order to avoid negative circumstances. The washers are so powerful that it can damage the skin of the item on which it is used. It can also lead to bruises and injuries to the user if not handled with care. These factors can restrain the market growth for the product in the near future.
Furthermore, increasing number of car washing stations is fueling the market growth. The fact that the product is designed keeping in mind the water crisis globally, the product does not waste a lot of water and cleans the item efficiently in less time. The aforementioned factors are anticipated to fuel the market growth and will drive the market in the forecast period.
Market Segmentation, Outlook & Viewpoint: Global Pressure Washer Market
Product Type Market Segmentation & Outlook (Revenue, USD Million, 2014 – 2025)
- Electric Based
- Gas Based
- Fuel Based
Application Market Segmentation & Outlook (Revenue, USD Million, 2014 – 2025)
- Car Washer
- Garden Washer
- Home Exterior Washer
Key Players, Recent Developments & Regional Insights: Global Pressure Washer Market
On the basis of application, the market is segmented into car washer, garden washer, home exterior washer, and industrial usage. The garden washer segment held the largest share of 31.0% in 2018. High usage of product in cleaning of gardens in countries such as U.S. and U.K. are among the major factors driving the segment. Implementation of pressure washers by the government of various countries for cleaning is also a prominent factor driving the segment.
The home exterior washer segment is expected to expand at the fastest CAGR of 3.9% in the forecast period. The fact that the product is gaining popularity among the residential users and it cleans the exterior efficiently, thereby removing all the dirt and pollutants from the window grills and walls, is anticipated to drive the segment in the near future.
Product Type Insights
On the basis of product type, the market is segmented into electric based, gas based, and fuel based. The electricity based segment accounted for a leading share of 38.8% in 2018 and is expected to witness significant growth in near future. The properties such as light weight and durability associated with the product segment make it popular among the consumers, especially in the residential sector. Electric based pressure washer finds its best fit in the residential sector as it does not require frequent change in fuel and has low maintenance as compared to other segments.
The gas based segment accounts for a significant market share and is anticipated to witness considerable growth in the forecast period. The segment finds its major application in industrial usage as it is more powerful as compared to other segments. The stubborn stains in the industries and the amount of waste that the industries produce can be managed by the gas based segments. The fuel based segment is the least popular segment among all and also finds its major application in the industry sector. The major restraining factor of the two segments is that they require regular maintenance and change in fuel, thus are the least popular among the residential users.
In 2018, North America led the market with a share of 35.0% and is anticipated to witness significant growth in near future. In North America, U.S. contributed to the majority of share and is expected to register a CAGR of 3.9% over the forecast period. High usage of different types of pressure washer for various purposes such as car washing, grill washing, and patio washing and high spending power of the consumer group are driving the market in the region.
Asia Pacific is anticipated to emerge as the fastest growing regional market due to high demand from the developing countries such as India and China. Changing lifestyle and increasing disposable income are expected to drive the market in the forecast period. Moreover, increasing number of houses due to increasing population and rapid development are the prominent factors driving the market in the region. Increasing number of high-end hotels due to growing tourism in countries such as Thailand and Malaysia is also fueling the regional market growth in the forecast period.
Pressure Washer Market Share Insights
Revive Powerwashing Inc.; Karcher; Dewalt; Stanley Black & Decker Ltd.; Generac Power System Inc.; AR North America; Simpson; SunJoe; Ryobi; and Craftsman are some of the major players in the industry. The market presents moderate to high entry barriers due to presence of leading market players and requirement of high setting cost. The market is further driven by innovation in designs, mergers and acquisitions, and joint ventures. However, various means such as advertisement and promotional activities also plays an important role to make the consumers aware about the product and increase its popularity. Moreover, it helps the manufacturers to gain a competitive advantage over others.
Key Insights Covered: Global Pressure Washer Market
1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Pressure Washer industry.
2. Global major manufacturers’ operating situation (sales, revenue, growth rate and gross margin) of Pressure Washer industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Pressure Washer industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Pressure Washer industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Pressure Washer industry.
Research Methodology: Global Pressure Washer Market
- Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
- Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
- Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other
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