Pressure Washer Market Is Set To Reach $3,868.9 Million by 2030, says P&S Intelligence
NEW YORK, June 1, 2022 /PRNewswire/ -- According to the market research report published by P&S Intelligence, the global pressure washer market is predicted to reach $3,868.9 million by 2030 from $2,629.1 million in 2021, advancing at a compound annual growth rate of 4.4% between 2021 and 2030. Car washing is a major end use of these products across the globe, accounting for around 10% of the sales value in 2020. According to the OICA, approximately 82 million vehicles were sold globally in 2021, resulting in an increasing demand for carwash services.
Opportunity: Increasing Urbanization Rate in Emerging Economies
The need for residential buildings will rise as the urbanization rate increases, resulting in a higher demand for pressure washers. In 2019, approximately 55% of the population lived in urban areas, and by 2050, this number is predicted to rise to 68%. Further, according to the UN, Africa and Asia will account for over 90% of the growth in urbanization rate.
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APAC Market Is Expected To Grow at Highest CAGR
The pressure washer market in APAC will grow at a CAGR of approximately 5% in the coming years, owing to the initiatives of governments for developing infrastructure. For instance, in February 2020, the Chinese government announced plans to spend $1.4 trillion on inter-city transportation systems, 5G networks, and digital infrastructure. Moreover, the usage of pressure washers for car cleaning and gardening is booming owing to the increasing count of households in countries such as China, Indonesia, and India.
Largest and Fastest-Growing Categories in Pressure Washer Market
- Sales of hot-water pressure washers are projected to rise at a 4% CAGR in the coming years. The use of such variants can decrease the cleaning time by 35% and give more-effective cleaning.
- The 1,501–3,000 psi category holds over 50% share, and it is expected to maintain its position in the coming years. This is due to the growing usage of these variants for washing motorcycles, bicycles, and cars and for residential purposes.
- Similarly, the 3,001–4,000 psi category holds the second-largest share in the pressure washer market. Their adaptability for heavy-duty applications in construction sites and automobiles is driving the demand for them.
- The commercial sector holds over 40% share of the market, owing to the increasing concerns about cleanliness among business space owners. These devices are used in a variety of commercial settings, such as hospitals and retail stores, as well as monuments, sidewalks, and roadways.
Browse detailed report on Global Pressure Washer Market Size, Share, Growth Drivers and Development Forecast Report 2030
Major Players in the Market
To increase their revenue, major players in the pressure washer market have been engaged in product releases and facility expansions. These major players are Briggs & Stratton, Landa Karcher Group, AR North America, Sunrise Global Marketing LLC, IP Cleaning Srl, FNA Group, Alfred Kärcher SE & Co. KG, and Generac Holdings Inc.
Pressure Washer Market Segmentation Analysis
By Power Source
- Electric
- Fuel-Based
- Others
By Operation
- Hot Water
- Cold Water
By Pressure
- 0–1,500 PSI
- 1,501–3,000 PSI
- 3,001–4,000 PSI
- Above 4,000 PSI
By End User
- Residential
- Commercial
- Industrial
Regional Outlook
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- U.K.
- Denmark
- Sweden
- Italy
- Spain
- Asia-Pacific
- China
- Japan
- Australia
- South Korea
- India
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East and Africa
- Turkey
- South Africa
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About P&S Intelligence
P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.
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Prajneesh Kumar
P&S Intelligence
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SOURCE P&S Intelligence
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