Date: Oct 2021
Pressure Washer Market worth USD 2223.40 billion by 2027
The Market Statsville Group (MSG) publishes the new report on the "Pressure Washer Market by Power Source (Electric, Gas and Battery), by Output (0-1,500 PSI, 1,501-3,000 PSI, 3,001-4,000 PSI and 4,000PSI+), by End User (Residential, Commercial and Contract Cleaners), and by Region - Global Trends, Market Share, and Forecast to 2027". The global market of pressure washer market was valued at USD 1,718.31 million in 2020 to USD 2223.40 million by 2027, at a CAGR of 3.75% from 2021 to 2027. The population in Western countries engages in gardening as a recreational activity or pastime and for its relaxation and therapeutic benefits. The popularity of gardening and landscaping services has also increased worldwide to provide an aesthetic appeal to residential and commercial lawns and gardens. Pressure washers are widely used for cleaning both commercial and residential garden and landscaping equipment. The rise in sales of gardening equipment will thereby impact the demand for pressure washers and drive the market growth over the next years. The need for gardening equipment is fueled by higher income levels, better consumer awareness, an aging population, and increased zeal for backyard beautification. Unlike the past when the market was hugely concentrated in the US and Europe, emerging economies are significantly contributing to the demand for gardening equipment. However, market concentration is still focused on developed countries in North America and Europe in terms of value.
Global Pressure Washer Market Segmentation
The overall pressure washer market has been segmented into the power source, output, end user, and region.
- By Power Source (Electric, Gas, and Battery)
- By Output (0-1,500 PSI, 1,501-3,000 PSI, 3,001-4,000 PSI and 4,000PSI+)
- By End User (Residential, Commercial and Contract Cleaners)
- By Region (US, Mexico, Canada, UK, France, Germany, Italy, Spain, China, Japan, South Korea, India, Southeast Asia, Australia, Saudi Arabia, Peru, South Africa, Qatar, Nigeria, Israel, UAE, Brazil, Argentina)
1,501-3,000 PSI, by output, is estimated to hold the largest market share during the forecast period
Based on the component, the global pressure washer market has been segmented into 0-1,500 PSI, 1,501-3,000 PSI, 3,001-4,000 PSI, and 4,000PSI+. In 2020, 1,501-3,000 PSI accounted for the largest market share of 70.39% in the global pressure washer market and had a CAGR of 3.7% during the forecast period. Pressure washers with a pressure capacity below 1,500 PSI are generally used for light-duty cleaning purposes. Primarily, the battery-operated pressure washers and electric corded pressure washers fall under this category. Most of these pressure washers are highly portable, lightweight, have less noise, and have low cleaning capacity. These pressure washers can be used for cleaning cars, decks, and exteriors. However, it cannot be used for cleaning hard surfaces such as concrete. Some major pressure washers that fall under this category include Greenworks, Sun Joe, Karcher, Annovi Reverberi, AR blue clean, and others.
Europe accounts for the largest market share during the forecast period in the pressure washer market
The global pressure washer market is segmented into North America, Asia Pacific, Europe, South America, and the Middle East and Africa, based on region. In 2020, 37% of market revenue was generated by Europe in the global market of pressure washers.
In Europe, the growth of the pressure washer is mainly supported by the rising business investments, increasing construction of commercial and residential spaces, government spending on infrastructure, and growth in hospitality was supported by the rise in travel and tourism in the region. In addition, the increasing disposable income and the rising number of dual-income households are also driving the adoption of residential cleaning equipment. However, political uncertainties in Europe post the Brexit negotiations are adversely impacting the economic growth in the region and may result in lower demand for cleaning services and equipment during the forecast period. While Brexit poses a potential threat to the overall cleaning equipment market, the market is predicted to witness positive growth in power cleaning equipment. As the manufacturers successfully differentiate their products, the demand for high-quality, user-friendly, and efficient cleaning products is witnessing healthy growth.
Some of the major companies that operate in the global pressure washer market are Alfred Karcher, Nilfisk, Stanley Black & Decker Ltd., SunJoe, Dewalt, Robert Bosch, Briggs & Stratton, and FNA Group.
Browse complete report: https://www.marketstatsville.com/pressure-washer-market
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