Global High-pressure Washer Market to Reach $3 billion by 2024
Arizton’s recent market research report on the global pressure washer market provides a comprehensive industry study, competitive analysis, and trend forecasts. The research study segments the market by power sources (electric, battery, gas), end-users (residential, commercial, and contract cleaners), output types (0-1500 PSI, 1501-3000PSI, 3001-4000 PSI, and 4000+ PSI), and geography (North America, APAC, Europe, MEA and Latin America).
The high-pressure washer market is expected to reach around $3 billion in 2024, growing at a CAGR of over 3% during the forecast period.
The increase in disposable income, the growth in residential and commercial construction activities, increase in the aging population, and the improving car washing industry are a few factors propelling growth of the global high-pressure washer market. Europe was the largest market for pressure washers in 2018 with a share of over 35%, followed by North America with over 30% market share.
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This market research report includes a detailed segmentation of the market by power sources, end-users, output types, and geography.
The electric-powered segment is likely to dominate the global high-pressure washer market
The electric pressure washer segment accounted for the largest market share of over 50% in 2018. Electric pressure washers are mainly used for stain removal and domestic usage. These machines are generally compact, low-cost, lightweight, which make them highly portable. They also require low maintenance than other pressure washers. The global electric pressure washer market is expected to grow at a CAGR of over 3%. Karcher, Ryobi, Sunjoe, Bosch, and AR Blue Clean are the major electric pressure washer brands. These equipment are designed for cleaning motorcycles, scooters, cars, bicycles, fences, gardening tools, small garden paths, swimming pools, and cleaning other things around houses and façades. Europe was the largest market for electric pressure washers, followed by North America.
The contract cleaners segment to grow at a promising CAGR during the forecast period
The contract cleaners segment is likely to witness an incremental growth of over $180 million during the forecast period. Europe is expected to witness the highest incremental growth for residential, commercial, and contract cleaners segments. The outsourcing of cleaning tasks among local authorities and businesses has been rising consistently to save time and money. In the US, the contract cleaning industry is expected to witness an annual growth of 3.2% during the forecast period, reaching a revenue of $65 billion by 2024. The major drivers of the contract cleaning industry are increasing disposable incomes, rising construction expenditures, and growing business establishments. The growth in the contract cleaning industry is expected to drive the market for pressure washers as they constitute an integral part of commercial cleaning equipment. Pressure washers are used in the meat processing, automotive, and chemical sectors. They can be used for removing paints, coatings, cleaning tanks, pipes, and cleaning concrete areas.
Europe is the largest market for high-pressure washer market
The high-pressure washer market in Europe is expected to grow over $1 billion by 2024. The presence of a large contract cleaning market, especially in Germany, is primarily driving the market in Europe. The growth of the pressure washer market in Europe is mainly supported by rising business investments, increasing construction of commercial and residential spaces, government spending on infrastructure, and growth in the hospitality sector, driven by the rise in travel and tourism in the region. The healthcare, education, and commercial industries are mainly driving the demand for contract cleaning services in Europe. Germany, France, Italy, Spain, and the UK account for approximately 70% share of the contract cleaning market revenue in Europe.
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Alfred Karcher, Nilfisk, Robert Bosch, Briggs & Stratton Corp., and FNA Group are identified as the major vendors in the high-pressure washer market.
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The complete overview of the latest market research report on the global pressure washer market by Arizton is now available.
The report offers a detailed study of major trends, drivers, challenges and provides market sizing and forecasts for major geographical regions.
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