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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Pressure
Washer Market Report Highlights
- 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, 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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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