According to the new
research report "Pressure Washer Market
with COVID-19 Impact, by Type (Portable, Non-portable), Application
(Commercial, Residential/DIY, Industrial), Power Source, Water Operation, PSI
Pressure, Distribution Channel, and Region - Global Forecast to 2026" published by
MarketsandMarkets, the global pressure washer market size is expected to grow
from USD 2.5 billion in 2021 to USD 3.0 billion by 2026, at a CAGR of 4.2%. The
growth of this market is driven mainly by increasing construction activities
worldwide, rising number of car washing stations, and growing demand for
pressure washers for commercial applications.
Portable
pressure washer type to grow at highest CAGR from 2021 to 2026
The adoption of
potable pressure washer is increasing at a substantial rate attributed to the
portability of these washers that helps to meet the need for cleaning floors
and objects. Portable pressure washers are compact and can be carried at the
required destination for the cleaning of vehicles, equipment, tools, machines,
and surfaces. These washers are convenient for storage as they do not require
much space. They are highly adopted by commercial and residential applications.
Residential/DIY
application to hold the largest growth rate of the pressure washer market in
2020
The residential/DIY
application is estimated to hold the largest CAGR during the forecast period.
The COVID-19 pandemic outbreak has shut down professional cleaning services
during the initial phase of 2020. This has shifted the consumer preferences
from professional cleaning to the self-cleaning of vehicles, gardens, pools,
and houses. Consumers are preferring electric and battery pressure washers,
which generate pressure between 0 and 1500 PSI.
The pressure
washer market in APAC is expected to grow at the highest CAGR from 2021 to 2026
APAC is expected to
hold the largest growth rate of the global pressure washer market during the
forecast period. There is a high demand for pressure washers in China due to
rapid industrial growth and a rising population, which leads to an increase in
residential activity. The country is one of the biggest exporters of pressure
washer components. The agricultural industry is expected to be one of the key
contributors to the growth of the pressure washer market in APAC during the
forecast period. Increased adoption of pressure washers for cleaning farming
equipment for better yield production and profitability is estimated to fuel
the growth of the market in the region over the forecast period.
Download PDF
Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=125335426
Major companies
operating in this pressure washer market include Alfred Kärcher SE & Co. KG
(Germany), Briggs & Stratton (US), Generac Power Systems, Inc. (US),
Nilfisk Group (Denmark) and Stanley Black & Dercker, Inc. (US)..
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B
research on 30,000 high growth niche opportunities/threats which will impact
70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers
worldwide including 80% of global Fortune 1000 companies as clients. Almost
75,000 top officers across eight industries worldwide approach
MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at
MarketsandMarkets™ are tracking global high growth markets following the
“Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with
the clients to identify new opportunities, identify most important customers,
write “Attack, avoid and defend” strategies, identify sources of incremental
revenues for both the company and its competitors. MarketsandMarkets™ now
coming up with 1,500 MicroQuadrants (Positioning top players across leaders,
emerging companies, innovators, strategic players) annually in high growth
emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000
companies this year for their revenue planning and help them take their
innovations/disruptions early to the market by providing them research ahead of
the curve.
MarketsandMarkets’s flagship competitive
intelligence and market research platform, “Knowledgestore” connects over
200,000 markets and entire value chains for deeper understanding of the unmet
insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™
INC.
630
Dundee Road
Suite
430
Northbrook,
IL 60062
USA:
1-888-600-6441
No comments:
Post a Comment