Pressure Washer Market will grow at highest pace owing to surging demand from construction and automotive industry
The pressure washer market comprises high-pressure power cleaning equipment that is used for residential and commercial cleaning applications. Pressure washers use water pumped at high pressure, mainly for cleaning hard surfaces quickly such as concrete, walls, patios, siding, decks, cars, boats, and various machinery. Pressure washers can range from electric motor-driven household appliances to large stationary units used for industrial cleaning. Some key advantages of pressure washers include fast and efficient cleaning at a much lower cost compared to manual scrubbing. The rising demand for pressure washers from various end-use industries such as construction, automotive, food and beverage processing, and others is driving the growth of the global pressure washer market.
The Global Pressure Washer Market is estimated to be valued at US$ 2.23 Billion in 2024 and is expected to exhibit a CAGR of 3.6% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the pressure washer market are Revive Power washing Inc., Karcher, Dewalt, Stanley Black Decker Ltd., Generac Power System Inc., AR North America, Simpson, SunJoe, Ryobi, Craftsman, Briggs Stratton, Nilfisk Group, Ren Jetting System LLP, Lynx Pressure System Private Limited, Bala Industries, anifold Engineers, Kisan Kraft, and Taizhou City Hangyu Plastic Co., Ltd. Pressure washers have widespread adoption in cleaning hard surfaces in commercial buildings as well as for residential cleaning needs such as driveways, patios, siding, and cars. Technological advancements in pressure washers include the development of portable, lightweight, and more powerful cleaning equipment with improved ergonomics and safety features.
Market Trends
Some key market trends include growing popularity of cordless Pressure Washers Market Growth and rising adoption of hot water pressure washers. Cordless pressure washers are gaining traction due to their convenience and mobility compared to traditional corded models. Meanwhile, hot water pressure washers that enable cleaning even tough dirt and grease are witnessing increased demand from industries like food processing, manufacturing, construction where heavy-duty cleaning is required.
Market Opportunities
The surging demand for pressure washers from construction industry to clean cement, masonry, and construction equipment offers huge opportunities for pressure washer manufacturers. Another key opportunity lies in the automotive industry with growth in vehicle inspection and cleaning services. Pressure washer manufacturers can further benefit from the rising popularity of DIY home and garden maintenance activities.
Impact of COVID-19 on Pressure Washer Market
The outbreak of COVID-19 pandemic has adversely impacted the growth of pressure washer market globally. The imposition of various containment measures like lockdowns and temporary closure of manufacturing facilities disrupted the supply chain and halted the production activities. This affected the sales and revenues of pressure washer manufacturers in 2020.
Pre-COVID, the market was growing steadily at a CAGR of 3.6% owing to increasing adoption in commercial and residential cleaning applications. However, post COVID, the demand significantly declined in 2020 due constraints in construction, manufacturing and commercial activities. Many projects got postponed or delayed which negatively impacted the sales of pressure washers.
Going forward, manufacturers are focusing on development of advanced cordless and portable pressure washers to gain traction in residential segment. The manufacturers are exploring online sales channels and offering attractive discounts to boost demand. They are also emphasizing on production of multi-functional pressure washers suitable for gardening, vehicle washing along with general cleaning. Adoption of strict safety and hygiene protocols in production facilities will also help regain lost market share in post COVID period. Gradually increasing vaccinations and relaxation of restrictions will facilitate market recovery from 2022 onwards.
North America accounts for the largest share in global pressure washer market in terms of value. The region held over 35% share in 2021 led by strong presence of major players and mature manufacturing base in US and Canada. Europe follows next with around 30% share due to high usage in vehicle cleaning and construction sector in countries like Germany, UK and France. Asia Pacific is recognized as the fastest growing regional market for pressure washers due to rising infrastructural investments and construction activities in developing nations India, China and ASEAN countries. Governments' initiatives for cleanliness and sanitization are further driving the product adoption. Latin America and Middle East & Africa also offer lucrative opportunities for manufacturers over the forecast period.
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