High-Pressure Washer Market to be Worth $3 Billion Globally
Arizton’s recent market research report on the global high-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 anticipated to reach revenues of around $3 billion in 2024, growing at a CAGR of over 3% during the forecast period.
The rising disposable income, increasing number of households and commercial spaces, an aging population, and the improving car washing industry are some of the factors propelling the 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 a market share of over 30%.
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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 high-pressure washer market
The electric pressure washers are 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, making it highly portable and they require less maintenance than other pressure washers. The global electric pressure washer market is expected to reach over $1.7 billion by 2024, growing at a CAGR of over 3%. The major electric pressure washer brands include Karcher, Ryobi, Sunjoe, Bosch, AR Blue Clean, and others. This equipment is designed for cleaning motorcycles, scooters, cars, bicycles, fences, gardening tools, small garden paths, swimming pools, and cleaning other things around the house and façades. Europe was the largest market for electric pressure washers, followed by North America.
The contract cleaners segment to grow at a lucrative CAGR during the forecast period
The contract cleaners segment is likely to have incremental growth during the forecast period. Europe is expected to have 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 has witnessed an annual growth of 3.2% in 2019. The major drivers of the contract cleaning industry are increasing disposable income, rising construction expenditure, and a growing number of business establishments. The growth in the contract cleaning industry is expected to drive the market for pressure washers, as it forms an integral part of commercial cleaning equipment. Pressure washers are used for cleaning in the meat processing, automotive, and chemical sectors. It can be used for removing paints, coatings, cleaning tanks, pipes, and even cleaning concrete areas.
Europe is the largest market for high-pressure washer market
The market revenue for the high-pressure washer in Europe is expected to grow immensely 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 the rising business investments, increasing construction of commercial and residential spaces, government spending on infrastructure, and growth in hospitality supported 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’s turnover in Europe.
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 high-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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