Pressure Washers Market Forecast and CAGR
According to latest research by FactMR, pressure washers market is set to witness steady growth during 2021-2031. Demand for pressure washer will witness steady recovery in short-term, with optimistic growth outlook in the long-run. The utilization of washers in residential, industrial and commercial purposes will lead to create the new opportunities in near future, however, sales in agriculture sector is considered to be the driving force for growth.
What is Driving Demand for Pressure Washer?
Evolving end-user demand for moderate to high pressure washers enabling higher sales. Residential applications continuous to be a lucrative avenue for manufacturers.
Sales of pressure washer is highly dependent on the global car washing industries, which has remained the most attractive customer in the past few years. Moreover, it is also been utilized for residential purposes such as cleaning the outdoor surfaces, gardens & pathway cleaning and for watering the plants, etc. The agriculture sector will accounts for the high consumption during the forecast period.
In addition the awareness programs like “SAVE WATER” has given a positive impact to the sale of pressure washer. Owing to this fact, that it reduces the wastage of water and give sufficient productivity. Hence it also addresses the challenge of global water crisis.
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Key Factors which will Drive Sales of Pressure Washers
The utilization of alternative technologies for cleaning purposes in residential, commercial apartments and in manufacturing units such as sandblasting and foam base cleaning technologies are likely to hinder the demand for pressure washers. Although the diversified application usage and product attributes stands at upper end giving promising growth outlook during the forecast period.
US Market Outlook
US is one of the largest markets for pressure washer globally. The US market is set to follow the same trend during the assessment period 2021-2031. Demand is likely to remain high in the next couple of years, this is due to the fact that pressure washers are been utilized for the sanitization purpose in all over the globe for preventing the COVID-19 infection.
Demand in US will be led by building exterior cleaning and car washing In addition, US pressure washer sales will also be impacted by the construction industry recovery in 2021. The US construction industry faces a challenging year, however, there is growing optimism that low mortgage rates will lead to a spurt in early 2022.
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Europe Demand Outlook
Many countries in EU have been severely impacted by the COVID-19 crisis, which has led to a decline in economic activities. However, this lockdown has given an opportunity to the manufacturers of pressure washers since sanitization process of huge area is associated with utilization.
Despite the COVID-19 challenges, most European countries have maintained a steady construction and household expenditure in 2020. For pressure washer manufacturers and suppliers, the sales from Europe’s automobile and cleaning sectors will be witnesses during the assessment period
Who are the Key Manufacturers and Suppliers of Pressure Washer?
Some of the leading manufacturers and suppliers of pressure washer include
- Toray Industries Inc.
- SGL Group
- Mitsubishi Chemical Holdings
- Formosa Plastics Corporation
- Hexcel Corporation
- Kureha Corporation
- Evonik Industries
- Hexcel Corporation
- Teijin Limited
- Royal DSM
The market is fragmented in nature since a large number of dominant key players are present across the globe. To obtain a dominant position, the companies are following inorganic growth strategy such as merger, expansion, acquisition, partnership and collaboration of the companies along with new product development strategy. These strategies are being adopted by the leading companies to boost their brand presence among consumers across the globe.
An Adaptive Approach to Modern-day Research Needs
Pressure Washers Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
- Electric Powered
- Diesel Powered
- Gasoline Powered
- 1500 - 1750 psi
- 1800 - 2000 psi
- 2000 – 3000 psi
- 3000 – 4200 psi
- Cleaning Purpose
- Water Pressure Moderation
- Agricultural Watering
By End Use
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Argentina & Rest of Latin America
- Germany, France, Italy, Spain, U.K., Benelux, Russia, and Rest of Europe
- East Asia
- China, Japan, South Korea
- South Asia
- India, Thailand, Malaysia, Indonesia and Rest of South Asia
- Australia and New Zealand
- Middle East and Africa
- GCC Countries, Turkey, South Africa, and Rest of Middle East & Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
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Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
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