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Pressure washer is a device that pressurized liquid and is an ideal tool for removing dust, dirt, loose paints, chewing gum, and others. The several positive characteristics of the product include reduce time spend in cleaning, enhanced curb appeal, and is friendly to the environment. The escalating popularity of the usage of the product in the residential sector for cleaning outdoor furniture and front entrance stairs and walkways is likely to fuel the demand. Additionally, the innovation of smart pressure which is lightweight, easy to carry around, and incorporate technology for the pressure adjustment act as an opportunity for market growth. For instance, Teande comes up with a smart pressure washer which has the ability to produce 3800 psi powerful pressure washer and also possessing a digital touch screen interface with a handlebar and 2 wheelers to carry around.
The rising popularity of the consumption of efficient cleaning products around the world is helping to boost the demand for the product. The growing utilization of the product as a gardening tool for watering a plant is helping to generate more traction for the product. For instance, according to the data published by the National Garden Association, April 2019, is stating that the United States is assessed to make the spending of USD 52.3 billion in 2018 on lawn and gardening. Additionally, the growing consumption of the product by cleaning service providing firms owing to its quick and efficient cleaning capability is helping to drive the market growth further.
Nevertheless, the high cost of the product for individual use by low and medium-income earners is restraining the market growth.
Key Market Driver -
The increasing demand for efficient cleaning products across the globe is acting a driving factor for the market growth
Key Market Restraint -
The high cost of product for individual use is hampering the market growth.
Stanley Black & Decker Ltd, AR North America, Revive Powerwashing Inc, Dewalt, Generac Power System Inc, and others are the key companies operating in the pressure washer market.
The pressure washer market is segmented into product type, application, pressure output, and geography.
On the basis of product form, the market is fragmented into electric, gas, and fuel. The electric segment is projected to be the dominant owing to electric being considered to be more cost-efficient and environmentally friendlier which helps to gain more traction than other segment types.
Based on application, the market is bifurcated into residential and commercial. Commercial is estimated to be the larger market shareholder on an account of the high demand in places such as restaurants, hotels, offices, and other public places as it is effective, cost-efficient, and less time-consuming in cleaning their apparatuses and surroundings.
By Pressure Output, the market is divided into 1800-2000 PSI,2000-3000 PSI, and 3000-42000 PSI. 2000-3000 PSI is anticipated to be the leading market shareholder as it provides adequate pressure which is sufficient enough for cleaning and spreading liquid to most surface.
On the basis of region, the market is divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa.
North America is evaluated to be the prominent market shareholder and is expected to continue throughout the forecast period of 2020-2027. The booming growth of motorsports in the United States resulting in increasing demand for cleaning various vehicles including dirt bikes, monster trucks, off-road racers, and others is likely to help accelerate the consumption rate. For instance, according to the Amateur National Motocross Championship, February 2019, is declaring that amateur motocross racing events has taken place all over the United States in 2019. Furthermore, the factories and manufacturing plants giving high priority to the cleaning and maintenance of their machinery help boost the demand further.
Asia Pacific is assessed to exhibit a vital presence in the pressure washer market owing to the increase in usage of the product in farming for providing fertilizers and pesticides to crop in various countries of this region. For instance, according to the Fertilizer Association of India Delhi data issued is proclaiming that the total consumption of (N+P2O5+K2O) fertilizer consumption was estimated to be 27.29 million MT during 2018- 2019. Furthermore, the popularity of the construction of building with concrete in this region upsurge the need for the product as this often required watering the concrete to help avoid crack especially during the initial stages.
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