Published Date: 30-Sep-2022
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According to a new report, published by KBV research, The Global Pressure Washer Market size is expected to reach $3.1 billion by 2028, rising at a market growth of 4.7% CAGR during the forecast period.
The Portable market acquired the maximum revenue share in the Global Pressure Washer Market by Type in 2021, thereby, achieving a market value of $1.8 billion by 2028. The portability of washers helps to meet the demand for cleaning flooring and items. Vehicles, machinery, tools, and surfaces may all be cleaned with portable pressure washers because they are lightweight and portable. These washers are easy to store as they don't take up much room.
The Gas market is showcasing a CAGR of 4.9% during (2022 - 2028). Since the segment is more powerful than other segments, it finds its main use in industrial applications. The gas-based sectors can control the persistent stains in the enterprises and the volume of waste that the industries produce.
The 3,001 – 4,000 PSI market is generating the highest revenue in the Global Pressure Washer Market by PSI Pressure in 2021, thereby, achieving a market value of $1.3 billion by 2028. The demand for them is being driven by their versatility for industrial uses in vehicles and construction sites. Commercial pressure washers and constructors typically utilize these high pressure units. They may run on either gasoline or diesel and are frequently utilized in industrial and commercial environments.
The Residential/DIY market is anticipated to grow at a CAGR of 4.8% during (2022 - 2028). The range of residential/DIY applications covers cleaning the house, pool, car, and garden. Pressure washers are constructed by do-it-yourselfers for cleaning a variety of indoor and outdoor surfaces.
The Hot Water market registered the high revenue share in the Global Pressure Washer Market by Water Operation in 2021, thereby, achieving a market value of $1.9 billion by 2028. Pressure washers that use hot water, can shorten cleaning times while also cleaning more thoroughly. Since deep cleaning applications are better able to remove oil, grease, and other pollutants from surfaces than conventional techniques, this is what is driving their need for them.
The Online market is experiencing a CAGR of 6.2% during (2022 - 2028). The use of mobile devices and evolving digital technology are the key causes of this. E-commerce platforms like Alibaba, Amazon, and others have a high growth rate because of the extensive selection and various promotions they provide.
The North America market dominated the Global Pressure Washer Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1.1 billion by 2028. The Europe market is estimated to witness a CAGR of 4% during (2022 - 2028). Additionally, The Asia Pacific market would generate a CAGR of 5.6% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/pressure-washer-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Tennant Company, Generac Holdings, Inc., Nilfisk Holding A/S, Techtronic Industries Co., Ltd., Stanley Black & Decker, Inc., Briggs & Stratton, LLC (KPS Capital Partners), Alfred Karcher SE & Co. KG, Annovi Reverberi Spa, Mi-T-M Corporation, and FNA Group.
By Power Source
By PSI Pressure
By Water Operation
By Distribution Channel
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