May 24, 2024
Pressure Washer Market

Pressure Washer Market is Estimated to Witness High Growth Owing to Increasing Demand from Construction Industry

The pressure washer market has witnessed significant growth over the past few years owing to the growing construction and infrastructure activities across the globe. Pressure washers are highly efficient cleaning equipment that uses high-pressure water spray to remove dirt, mud, debris and other residues from surfaces quickly. They find extensive applications in cleaning activities in industrial, commercial and household sectors. The ability of pressure washers to clean tough stains effortlessly without using any chemicals makes them very popular among consumers and cleaning professionals. The global construction boom and revamping of infrastructure in developing nations have increased the demand for effective cleaning equipment like pressure washers.

The Global Pressure Washer Market is estimated to be valued at US$ 2.23 Bn in 2024 and is expected to exhibit a CAGR of 3.6% over the forecast period from 2024 to 2031.

Key Takeaways

Key players operating in the Pressure Washer Market Growth are Revive Power washing Inc., Karcher, Dewalt, Stanley Black & Decker Ltd., Generac Power System Inc., AR North America, Simpson, SunJoe, Ryobi, Craftsman, Briggs & Stratton, Nilfisk Group, Ren Jetting System LLP, Lynx Pressure System Private Limited, Bala Industries, anifold Engineers, Kisan Kraft, and Taizhou City Hangyu Plastic Co., Ltd. These players are focusing on new product launches and mergers & acquisitions to strengthen their presence in the global market.

The growing applications of pressure washers in cleaning of vehicles, outdoor equipment, building exteriors, driveways etc. are creating significant growth opportunities. Technological advancements leading to development of more efficient pressure washers with enhanced capabilities is further boosting the market growth.

The global expansion of construction and infrastructure industries along with growing urbanization in developing regions will drive the pressure washer sales globally over the forecast period. The increasing spending on infrastructure development programs in countries like India, China, Brazil, South Africa etc. will positively influence the market demands.

Market drivers:

The increasing demand from the construction industry remains the key driver for the pressure washer market. Mega infrastructure projects and commercial & industrial construction activities require high-powered cleaning equipment for quick and effective cleaning of surfaces. This has augmented the sales of pressure washers in recent years. The growth in the construction industry is expected to continue over the forecast period, thereby fuelling demands in the global pressure washer market.

PEST Analysis

Political: Governments regulate the use and disposal of pressure washers due to emissions and environmental concerns. They set safety standards which manufacturers must adhere to.

Economic: The global economy impacts consumer spending power and investment in pressure washers by commercial users like construction companies and cleaning services. Availability of financing also affects sales.

Social: More homeowners take responsibility for cleaning and maintenance of their properties, generating demand for pressure washers. Their use has become popular for cleaning vehicles, patio furniture and outdoor equipment too.

Technological: Improvements in pump technology have boosted pressure while reducing noise levels. Cordless electric models offer greater mobility. Some incorporate features like adjustable pressures and onboard chemical mixes for specialized tasks.

Around 40% of the global market value is concentrated in North America due to large numbers of homeowners and commercial cleaning businesses. Growth has slowed relative to other regions however.

The highest pressure washer market growth over the forecast period is projected to occur in Asia Pacific excluding Japan. Rising standards of living are enabling more people to purchase these machines for household cleaning chores and small scale commercial applications in construction and facilities management.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it