PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1477035
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1477035
Key Highlights
The pressure washer market was valued at USD 2,837.1 million in 2023, which will increase to USD 3,911.3 million, advancing at more than 4.5% compound annual growth rate, by 2030.
The increasing demand for professional cleaning services is a major factor driving the growth of this industry.
Pressure washers are accessible in different stores, ranging from consumer stores like Lowe's and Home Depot, and industrial suppliers to specialty stores.
The main difference between the brands accessible here is the product quality. A typical consumer unit normally has a lifespan of 100 hours, with 20 hours of annual usage.
The vehicle washing sector is undergoing notable development, with car cleaning totaling a substantial endues for pressure washers on an international scale.
The development of the vehicle washing industry is likely to positively impact the pressure washer industry during this decade.
High-pressure washers play an important part in cleaning different automobiles, such as motorcycles, bikes, and cars.
The main trend being observed in this industry is the utilization of AI technology in these devices for the finest performance at less effort.
Pressure washers incorporated with AI examine their environments, including the objects to be washed, and improve their performance themselves.
Key Insights
The electric category led the industry, and it will further advance at a 5.2% compound annual growth rate in the years to come.
Electric types are more economically beneficial than their gasoline counterparts.
The hot water category was the largest contributor to the industry in 2023. This is because hot water pressure washers find widespread utilization in commercial and industrial cleaning applications.
Sales of hot-water pressure washers will grow faster, with more than 5.3% compound annual growth rate in the years to come. The utilization of hot-water pressure washers offers a more efficient cleaning.
The 1,501-3,000 PSI category accounted for the largest share of the industry, of over 50%.
This is ascribed to the rising utilization of these variants for washing motorcycles, bicycles, and automobiles and for residential applications like gardening and cleaning.
The residential category led the industry in 2023, because of the extensive acceptance of pressure washers in homes across the globe.
According to a study, individuals spend more than 3 hours cleaning their homes weekly, since cleanliness is the key step in keeping diseases at bay and sustaining home hygiene.
Europe was the largest contributor to the industry in 2023, generating more than USD 1.5 billion.
This can be because of rising business investments, growing government expenses on infrastructure expansion, and increasing residential and commercial construction activities.
The flourishing hospitality sector in Europe, owing to the increasing trends in tourism and travel will further boost the industry expansion.
APAC will propel at the highest CAGR, of approximately 5% in the years to come. These devices are highly adopted in China owing to the rapid industry and populace growth, the latter of which is boosting the construction of residential units.
The pressure washer industry is very competitive because of the existence of a large number of companies.