The global pressure washer market size is expected to reach USD 3.0 billion by 2026, at a compound annual growth rate (CAGR) of 4.2% during the forecast period.
“Commercial application
to dominate the pressure washer market”
The pressure washer
market for commercial application is dominant in 2020. The growing construction
activities in APAC are responsible for the adoption of pressure washers at
construction sites.
Besides, the governments
of various countries are heavily investing in the expansion and development of
commercial infrastructures, which is also fuelling the growth of the segment.
“Portable pressure
washer to hold the largest share of pressure washer market by 2026”
The market for the
portable pressure washer held the largest share in 2020 and is estimated to
remain the same during the forecast period.
The growth of the
segment is 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.
“Pressure Washer in APAC
to grow at the highest CAGR”
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.
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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.
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