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Portable Pressure Washer Market: Current Analysis and Forecast (2021-2027)

SKU ID : UMI-19274196 | Publishing Date : 07-Oct-2021 | No. of pages : 193

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Global Portable Pressure Washer Market was valued at US$ 2.2 Billion in 2020 and is anticipated to reach US$ 2.9 Billion by 2027 displaying an elevated CAGR of 4% over the forecast period (2021-2027).
End-User preference for less water-intensive cleaning equipment is shifting at a faster rate, which is expected to drive demand for Portable Pressure Washers in the coming years. This reversal in trend is due to increasing water scarcity around the planet. According to World Vision, 785 million people lack access to safe drinking water. For instance, as per World Vision, 785 million people lack access to clean water. That’s one in 10 people on the planet
Furthermore, as the number of vehicles on the road grows, so will the need for consumer pressure washers from homeowners. For instance, worldwide car sales are expected to grow to 70 million automobiles in 2021, up from an estimated 63.8 million units in 2020. China was the largest automobile market based on car sales with around 21 million units in 2019
Moreover, pressure washing has a significant role in heavy industries, as it helps to increase the production capacity and efficiency of the industries. Automobiles, construction, and different ventures use gas pressure washers at a noteworthy rate. Expansion in the number of enterprises and development of the car division is anticipated to drive the gas pressure washer showcase during the forecast period
Furthermore, the increased GDP of countries worldwide has inclined the end-users towards adoption of energy efficient devices for residential, commercial, and industrial purposes. For instance, in the year 2019, the United States had the highest gross adjusted household disposable income per capita in the OECD, at 53,123 U.S. dollars. The rising GDP in countries worldwide has been boosting the demand for portable pressure washers worldwide.
Alfred Karcher, FNA Group, Generac Power System, Briggs & Stratton, Nilfisk Group, Snow Joe, AR Blue Clean, Clearforce, Alkota Cleaning Systems, ANNOVI REVERBERI; etc. are some of the prominent players operating in the global Portable Pressure Washer market. Several M&A’s along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products.
Insights Presented in the Report
“Amongst type, electric type segment holds the major share”
Based on type, the global Portable Pressure Washer market is segmented into gas, electric, and others. The electric segment dominated the market in 2020 and is expected to maintain its dominance during the forecast period as they are affordable and user-friendly.
“Amongst application, Commercial is anticipated to grow at the highest CAGR during the analyzed period”
Further based on application, the market is divided into residential, industrial, and commercial. In 2020, commercial accounted for a maximum revenue share and is expected to remain dominant during the analyzed period owing to the increasing water scarcity worldwide has increased the adoption portable pressure washers as it consumes less water. For instance, about 4 billion people, representing nearly two-thirds of the global population, experience severe water scarcity during at least one month of the year.
“Amongst sales channel, online segment is anticipated to grow at the highest CAGR during the analyzed period”
Based on sales channel, the market is fragmented into online and offline. In 2020, offline sales channel segment accounted for a maximum revenue share and is expected to remain dominant during the analyzed period owing to the rapid digitalization, increase in number of smartphone users, and improvement in security and encryption has been the driving factor for the increasing demand for online shopping market. For instance, the number of smartphone users worldwide has reached to 3.8 billion in 2021 from 1.06 billion in 2012
“North America signifies one of the largest markets of Portable Pressure Washer Market”
For a better understanding of the market dynamics of the Portable Pressure Washer market, a detailed analysis was conducted for different regions across the globe including North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), Rest of World has been conducted. North America dominated the market in 2020 owing to the increasing construction activity in the region. For instances, annual expenditures of over USD 1.3 trillion With this annual spending driving the US economy, US construction companies, for example, spend more than USD 10 trillion in goods and services, employing over 10 million workers.
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• The study includes market sizing and forecasting analysis validated by authenticated key industry experts
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• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
• The study comprehensively covers the market across different segments
• Deep dive regional level analysis of the industry
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