The global pressure washer market size is expected to reach USD 2.3 billion by
2025, expanding at a CAGR of 3.4% in the forecast period, according to a new
report by Grand View Research, Inc. Rapid rise in the number of car washing
stations due to increase in the number of vehicles and growing product
awareness is driving the market for the product in the forecast period.
Furthermore, increasing number of houses with lawn areas and trendy exteriors
in countries such as U.S and U.K are propelling the market growth.
On the basis of segmentation on the product
type, electricity based product led the market and accounted for 38.8% share of
the total revenue in 2018. The fact that the electric pressure washer comes
with salient features such as light weight, powerful, and durable, thus the
residential users prefer to have the electric based segment. The one-time
payment with no extra expenditure with time and low maintenance are anticipated
to drive the segment in the near future.
However, in the industrial segment, gas based
pressure washer is mostly preferred and is expected to register a CAGR of 2.7%
in the forecast period. They are more powerful but they require regular
maintenance and refuelling, thus are not much popular among the residential
users.
The most common application of pressure
washer lies in garden washing. Growing trend of lawn areas in developed as well
as emerging economies is anticipated to drive the segment. The home exterior
segment is expected to expand at the fastest CAGR of 3.9% in the forecast period.
The segment is expected to witness significant growth in the near future owing
to the trend of designer exteriors and the fact that increasing pollution level
is hampering the exterior.
North America is the largest region for the
product and it accounted for 35.0% share of the overall revenue in 2018. U.S.
is one of the leading markets for the product and is expected to expand at a
CAGR of 3.9% in the forecast period. Growing usage of the product due to
increasing popularity about its benefits and implementation of the product type
in cleaning of public gardens by the government have driven the market in the
region.
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https://www.grandviewresearch.com/industry-analysis/pressure-washer-market
https://www.grandviewresearch.com/industry-analysis/pressure-washer-market
Further key findings from the report suggest:
· By product type, the electricity based
segment dominated the market with a share of 38.8% in 2018
· Countries such as India and China are
projected to witness rapid growth due to increasing popularity of the product
in the commercial sector, along with an increase in the number of high-end
hotels
· The home exterior application segment is
anticipated to register the fastest CAGR of 3.9%.
Grand View Research has segmented the
global pressure washer market on the basis of product type, application, and
region:
Pressure Washer Product Type Outlook
(Revenue, USD Million, 2015 - 2025)
·
Electric Based
·
Gas Based
·
Fuel Based
Pressure Washer Application Outlook
(Revenue, USD Million, 2015 - 2025)
·
Car
·
Garden
·
Home Exterior
·
Industrial
·
Others
Pressure Washer Regional Outlook (Revenue,
USD Million, 2015 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
MEA
·
CSA
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
