Pressure Washers Market is Anticipated to Grow at an Impressive CAGR During 2021-2026
July 26, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Pressure Washers Market.
It was estimated prior to this unanticipated outbreak that the Pressure Washers Market is estimated to grow from USD 1.9 billion in 2020 to USD 2.3 billion by 2026 at a healthy CAGR of 3.3% during the forecast period. A pressure washer is a high-pressure sprayer that is used in the cleaning sector to remove dirt, dust, mud, and loose paint from surfaces. The pressure is designed into the pump and can be varied by adjusting the unloader valve. A pressure washer consists of various components including a motor, a trigger switch, and a high-pressure hose. The commonly available types of pressure washers include electricity-based, gas-based, and fuel-based washers. For exterior applications, gas-powered pressure washers are being primarily used and for indoor applications, electric pressure washers are preferred.
Market Dynamics
The global pressure washers’ market is expected to grow at around 3.3% CAGR during the review period.
• The market growth is primarily driven by the growing use of pressure washers in the cleaning sector on car washing, floor cleaning, and pool cleaning among others.
• Increasing use of pressure washers for washing cars as compared to traditional methods coupled with increased spending on vehicles is likely to spur the market growth significantly.
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Segment Analysis
Based on application, the market has been segmented into car washer, garden washer, home exterior washer, industrial, and others.
• The garden washer segment accounted for around 30% share of the market and is likely to grow at a healthy CAGR during the review period.
• Increasing gardening activity with the rise of community gardens and increased interest of millennials in natural products to protect the environment is likely to drive the growth of the garden washer segment.
• The popularity of pressure washers is also increasing in-home cleaning.
By Region, North America held the largest market share of approximately 35% in 2020 and is anticipated to witness significant growth during the review period. The market growth can be attributed to widespread usage of pressure washers in applications such as car washing and garden cleaning. The market in Asia-Pacific is expected to grow at fastest CAGR during the forecast period 2021-2026.
Key Players:
Key players operating in the global Pressure Washers market are-
• Revive Power Washing (The U.S.),
• AR North America (The U.S.),
• FNA GROUP (The U.S.),
• DeWalt Industrial Tool Company (The U.S.),
• Generac Holdings Inc. (The U.S.),
• Alfred Kärcher SE & Co. KG (Germany),
• CRAFTSMAN (The U.S.),
• Snow Joe LLC (The U.S.),
• Ryobi Limited (Japan).
