The global pressure washer market size is expected to reach USD 2.3 billion by 2025, expanding at a CAGR of 3.4% in the forecast period, according to a new report by Grand View Research, Inc. Rapid rise in the number of car washing stations due to increase in the number of vehicles and growing product awareness is driving the market for the product in the forecast period. Furthermore, increasing number of houses with lawn areas and trendy exteriors in countries such as U.S and U.K are propelling the market growth.
On
the basis of segmentation on the product type, electricity based product led
the market and accounted for 38.8% share of the total revenue in 2018. The fact
that the electric pressure washer comes with salient features such as light
weight, powerful, and durable, thus the residential users prefer to have the
electric based segment. The one-time payment with no extra expenditure with
time and low maintenance are anticipated to drive the segment in the near
future.
However,
in the industrial segment, gas based pressure washer is mostly preferred and is
expected to register a CAGR of 2.7% in the forecast period. They are more
powerful but they require regular maintenance and refuelling, thus are not much
popular among the residential users.
The
most common application of pressure washer lies in garden washing. Growing
trend of lawn areas in developed as well as emerging economies is anticipated
to drive the segment. The home exterior segment is expected to expand at the
fastest CAGR of 3.9% in the forecast period. The segment is expected to witness
significant growth in the near future owing to the trend of designer exteriors
and the fact that increasing pollution level is hampering the exterior.
North
America is the largest region for the product and it accounted for 35.0% share
of the overall revenue in 2018. U.S. is one of the leading markets for the
product and is expected to expand at a CAGR of 3.9% in the forecast period.
Growing usage of the product due to increasing popularity about its benefits
and implementation of the product type in cleaning of public gardens by the
government have driven the market in the region.
Full Research Report On Pressure Washer Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/pressure-washer-market
Pressure Washer
Market Report Highlights
- By product
type, the electricity based segment dominated the market with a share of
38.8% in 2018
- Countries
such as India and China are projected to witness rapid growth due to
increasing popularity of the product in the commercial sector, along with
an increase in the number of high-end hotels
- The home
exterior application segment is anticipated to register the fastest CAGR
of 3.9%.
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Pressure Washer
Market Segmentation
Grand View Research has
segmented the global pressure washer market on the basis of product type,
application, and region:
Pressure Washer
Product Type Outlook (Revenue, USD Million, 2015 - 2025)
- Electric Based
- Gas Based
- Fuel Based
Pressure Washer
Application Outlook (Revenue, USD Million, 2015 - 2025)
- Car
- Garden
- Home Exterior
- Industrial
- Others
Pressure Washer
Regional Outlook (Revenue, USD Million, 2015 - 2025)
- North America
- U.S.
- Europe
- Germany
- U.K.
- Asia Pacific
- China
- India
- MEA
- Turkey
- CSA
- Brazil
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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