This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
Pressure Washer Products Market Size, Share, & Trends Analysis Report (2023 – 2030)
GET A FREE SAMPLE
Report Overview
The global pressure washer products market was valued at USD 8.2 billion in 2022 and is projected to expand at a CAGR of 4.7% from 2023 to 2030. Pressure washers are gaining popularity due to their ability to quickly and efficiently clean various surfaces as well as their cost-effectiveness and environmental friendliness. Pressure washers are used for residential, commercial, and industrial purposes. They are used to clean cars, driveways, windows, pavements, and buildings, among other uses. Furthermore, the rise in the sale of pressure washers is attributed to the development of innovative products such as automatic pressure washers and cordless pressure washers.
The increasing popularity of pressure washers in the residential segment is driving the demand for the market. Pressure washers are gaining traction in the residential segment due to their ability to clean large areas quickly and efficiently, as well as their cost-effectiveness. Furthermore, the increasing emphasis on cleanliness has led to an increase in the demand for pressure washers in the residential segment. Additionally, the development of products with advanced features such as automatic shut off and adjustable pressure settings, as well as improved water efficiency, is expected to drive the demand for pressure washers in the residential segment.
The increasing demand for pressure washers in the commercial segment is also driving the demand for the market. Pressure washers are increasingly being used for commercial purposes such as cleaning industrial buildings and equipment, in addition to cleaning commercial establishments such as restaurants, schools, and hospitals. Furthermore, the increasing popularity of pressure washers in the commercial segment is attributed to their ability to clean large surfaces quickly and their cost-effectiveness.
The increasing demand for pressure washers in the industrial segment is also driving the demand for the market. Pressure washers are increasingly being used in the industrial segment to clean large surfaces quickly and efficiently. Furthermore, pressure washers are also used to clean heavy-duty equipment such as plow blades, construction equipment, and agricultural equipment. Pressure washers are also being used to clean industrial chimneys, tanks, and other surfaces that are difficult to reach.
In addition, the increasing adoption of pressure washers in the construction sector is also driving the demand for the market. Pressure washers are increasingly being used to clean construction sites and equipment, as well as to prepare surfaces for painting. Furthermore, the increasing demand for pressure washers in the construction sector is attributed to their ability to remove dirt, dust, and debris quickly and efficiently.
Product Insights
The residential segment led the market and accounted for a share of around 39.3% in 2020. Increasing property maintenance activities in residential areas, especially in developed countries, is driving the demand for pressure washers. According to an article published by the National Association of Home Builders, in April 2020, around 32.2 million single-family homes were built in the U.S. in 2019. This is expected to create a positive outlook for the pressure washer market. In addition, new product launches with advanced features such as automated cleaning and pressure regulation for a variety of surfaces are expected to drive the demand for pressure washers in the residential segment over the forecast period.
The industrial segment is projected to expand at the fastest CAGR of 8.4% over the forecast period. Increasing demand for high-pressure cleaning solutions from the industrial sector is driving the growth of the market. High-pressure cleaning solutions are used in various industries such as manufacturing, food processing, and oil & gas, among others. Pressure washers are used in these industries for various activities such as surface cleaning, graffiti removal, and paint stripping. Furthermore, increasing investments in the industrial sector are projected to propel the demand for pressure washers in the industrial segment over the forecast period.
Distribution Channel Insights
The department stores segment is anticipated to witness a significant growth over the forecast period. The growth is attributed to the increasing sales of pressure washers through department stores, which provide a wide range of cleaning products. Department stores offer a variety of options to buyers, including product varieties, pricing, and discounts. In addition, manufacturers are offering attractive discounts and promotional offers on pressure washers through department stores. For instance, in October 2021, Home Depot offered up to 50% off on select pressure washers.
The online segment is expected to register the highest CAGR of 8.9% over the forecast period. This is attributed to the increasing number of online stores offering competitive prices and convenience to buyers. The availability of a wide range of pressure washers through e-commerce websites, such as Amazon, Flipkart, and Snapdeal, has given buyers access to a variety of products at competitive prices. In addition, e-commerce websites offer discounts and promotional offers, which further drive the demand for pressure washers.
Type Insights
The electric pressure washer segment accounted for the largest revenue share of 70.3% in the year 2022. The increasing demand for electric pressure washers from the residential sector due to their low cost, low maintenance, and high efficiency is driving the market growth. Furthermore, the rising number of home improvement activities, such as painting and cleaning, is also contributing to the growth of the segment.
The gas pressure washer segment is anticipated to expand at the highest CAGR of 8.9% over the forecast period. The rising demand for gas pressure washers from the industrial and commercial sector due to their high power, long-term durability, and easy portability is propelling the market growth. Additionally, the increasing number of infrastructure projects in developing nations is also driving the demand for gas pressure washers.
Regional Insights
North America is expected to be the largest market and is expected to account for a revenue share of over 34.5% in 2022. This growth can be attributed to the presence of significant players in the region, such as Briggs & Stratton, Generac, and Karcher, and the increasing residential construction activities. Furthermore, the presence of a large number of DIY enthusiasts in the region is expected to further drive the growth of the market.
Europe is expected to witness the second-fastest growth in the coming years. This growth can be attributed to the increasing demand for pressure washers from the automotive industry and increasing awareness about the efficiency and performance of these products. Additionally, the increasing emphasis on the use of natural and eco-friendly cleaning products is further anticipated to drive the growth of the market in the region.
Financial Projections
In this part of the pressure washer products business plan, we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your pressure washer products business. Usually, these projections are drafted for a 5-year period.
Revenue Assumptions
The main source of revenues for a pressure washer products business comes from the sale of pressure washer products, accessories, and services. Here you will find a list with a description of each of them and other possible sources of profit such as the sale of merchandise, leasing the place for parties and corporate events, and advertising.
Projecting Expenses
In this section, all the regular expenses related to keeping the pressure washer products business running will be described. The list of operating expenses includes wages, maintenance and repairs, utilities, insurance policies, advertising, and others. Additionally, expenses related to the production of pressure washer products, shipping, inventory, and research and development should also be taken into account.
Key companies & market share insights
Some of the key companies operating in the pressure washer market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:
– In July 2022, Karcher launched the K7 Full Control Plus Pressure Washer, which is designed to be lightweight and comes with an adjustable pressure function.
– In September 2022, Briggs & Stratton launched the PowerSmart Series of pressure washers with an adjustable pressure setting to provide better control for different cleaning tasks.
– In October 2022, Greenworks launched the Greenworks Pro Pressure Washer, which is designed to be highly efficient and comes with an adjustable pressure setting.
Some of the prominent players in the pressure washer market include:
– Karcher
– Briggs & Stratton
– Greenworks
– Stanley Black & Decker
– Honda Power Equipment
– DeWalt
– Husqvarna
– RYOBI
– Nilfisk
– Snow Joe + Sun Joe
Global Pressure Washer Market Segmentation
This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global pressure washer products market based on product, distribution channel, type, and region:
1. Product Outlook (Revenue, USD Million, 2017 – 2030)
– Electric Pressure Washers
– Gasoline Pressure Washers
– Accessories
2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)
– Supermarkets & Hypermarkets
– Online
– Others
3. Type Outlook (Revenue, USD Million, 2017 – 2030)
– Light Duty
– Medium Duty
– Heavy Duty
4. Regional Outlook (Revenue, USD Million, 2017 – 2030)
– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa
Frequently Asked Questions
[Q]: What is the Potential of Product Innovation in the Pressure Washer Products Market?
[A]: Product innovation is expected to be a key driver of growth in the pressure washer products market. Companies are introducing a range of novel products with improved features and capabilities, such as higher pressure levels, improved cleaning efficiency, and reduced water consumption. Moreover, manufacturers are introducing innovative technologies such as cold-water, hot-water, and steam pressure washers to cater to a variety of cleaning needs.
[Q]: Who are the Key Players in the Pressure Washer Products Market?
[A]: Major players in the pressure washer products market include Briggs & Stratton Corporation, AR Blue Clean, Nilfisk Group, Stanley Black & Decker, Inc., Karcher, TTI, Inc., and Honda Power Equipment.
[Q]: Which Region Offers the Largest Opportunity for Sales of Pressure Washer Products?
[A]: North America is expected to be the largest market for pressure washer products, with an absolute dollar opportunity of $6.8 B (USD).
[Q]: What are the factors driving the pressure washer products market?
[A]: Factors driving the pressure washer products market include the growing demand for efficient cleaning solutions, the increasing number of industrial and commercial applications, the availability of a wide range of products, and the increasing awareness about the environmental benefits of using pressure washers. Additionally, the increasing trend of home improvement activities is expected to support market growth.
Research Methodology
Impact Analytix employs a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. The company utilizes a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. In Addition, a recurring theme prevalent across all our research reports is data triangulation which looks market from three different perspectives. Critical elements of the methodology employed for all our studies include:
Preliminary data mining
Raw market data is obtained and collated on a broad front. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. For a comprehensive understanding of the market, it is essential to understand the complete value chain and in order to facilitate this; we collect data from raw material suppliers, distributors as well as buyers.
Technical issues and trends are obtained from surveys, technical symposia, and trade journals. Technical data is also gathered from an intellectual property perspective, focusing on white space and freedom of movement. Industry dynamics with respect to drivers, restraints, and pricing trends are also gathered. As a result, the material developed contains a wide range of original data that is then further cross-validated and authenticated with published sources.
Statistical model
Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously. These factors are studied on a comparative basis, and their impact over the forecast period is quantified with the help of correlation, regression, and time series analysis. Market forecasting is performed via a combination of economic tools, technological analysis, industry experience, and domain expertise.
Econometric models are generally used for short-term forecasting, while technological market models are used for long-term forecasting. These are based on an amalgamation of the technology landscape, regulatory frameworks, economic outlook, and business principles. A bottom-up approach to market estimation is preferred, with key regional markets analyzed as separate entities and integration of data to obtain global estimates. This is critical for a deep understanding of the industry as well as ensuring minimal errors. Some of the parameters considered for forecasting include:
Market drivers and restraints, along with their current and expected impact
Raw material scenario and supply v/s price trends
Regulatory scenario and expected developments
Current capacity and expected capacity additions up to 2030
We assign weights to these parameters and quantify their market impact using weighted average analysis, to derive an expected market growth rate.
Primary validation
This is the final step in estimating and forecasting our reports. Exhaustive primary interviews are conducted, face to face as well as over the phone to validate our findings and assumptions used to obtain them. Interviewees are approached from leading companies across the value chain including suppliers, technology providers, domain experts, and buyers so as to ensure a holistic and unbiased picture of the market. These interviews are conducted across the globe, with language barriers overcome with the aid of local staff and interpreters. Primary interviews not only help in data validation but also provide critical insights into the market, current business scenario, and future expectations and enhance the quality of our reports. All our estimates and forecast are verified through exhaustive primary research with Key Industry Participants (KIPs) which typically include:
Market-leading companies
Raw material suppliers
Product distributors
Buyers
The key objectives of primary research are as follows:
To validate our data in terms of accuracy and acceptability
To gain an insight into the current market and future expectations
To request a free sample copy of this report, please complete the form below.
We value your investment and offer free customization with every report to fulfil your exact research needs.
