Press release
Global Pressure Washer Market Size, Share, Latest Trends, Key Players and Forecast by 2029 | Pressure Washer Industry Research Report 2022-2029
COVID-19 Impact-
Government Restrictions to Hamper the Market
The expansion of COVID-19 had a remarkable impact on associations across industries. Increased assistance from governments and a few NGOs aids in the battle against this epidemic. In this environment, some firms are struggling while others are thriving. The epidemic is expected to hit almost every firm.
What does the Report Offer?
The report provides in-depth market analysis and includes insightful insights, facts, historical data, and statistically backed and industry-validated market data. It also contains forecasts based on an appropriate set of assumptions and techniques. The research analyses and offers information based on market segments such as geography, technology, and application.
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Segments-
By product type, the market is segmented into cold water and hot water pressure washer. On the basis of power source, the market is segregated into fuel-based, gas-based, and electric pressure washers. On the basis of application, the market is categorized into residential, commercial, and industrial. Finally, by geography, the market is divided into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
Drivers & Restraints-
Increasing Commercial Vehicles to Stimulate Growth
The global pressure washer market growth is expected to grow due to the rising environmental concerns during the projected period. Growing commercial services such as vehicle washing, floor cleaning, pool maintenance, and landscaping are projected to drive consumer consumption over the projection period. The growing number of cars will increase home customer demand. Unlike conventional methods of washing, they are extremely efficient and cost-effective. This contributes to the resolution of water issues and is projected to boost demand throughout the projection period. During the projection period, demand for pressure washers will be facilitated by new and creative product innovations such as solar, fuel, and diesel, altering old products to improve capacity, and exploring potential markets.
REGIONAL INSIGHTS
Presence of Prominent Players to Promote Growth in North America
North America is expected to hold the largest global pressure washer market share during the forecast period. The region's market is being driven by the region's high usage of various types of pressure washers for various applications such as vehicle cleaning, grill rinsing, and terrace washing, the consumer group's strong spending power.
Asia Pacific is expected to have a sizable share of the market. Due to strong demand from developing nations such as India and China, the market is likely to be driven by changing lifestyles and rising disposable income. Furthermore, the region's market is being driven by an expanding number of dwellings due to rising population growth. An increase in the number of elevated hotels due to increased tourism in countries such as Thailand and Malaysia will also boost global market expansion over the projection period.
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Competitive Landscape-
Manufacturers Focus on R&D Investments to Strengthen their Position
Due to the existence of major market participants and the necessity of significant setup costs, the industry has moderate to tough competition. Design innovation, mergers and acquisitions, and joint ventures are also driving the industry. However, different techniques, such as marketing and promotional activities, play an essential part in raising consumer awareness of the product and increasing its popularity.
Industry Development-
April 2019: At the American Rental Association exhibition in California, FNA Group debuted an industrial pressure washer series under the trademark SAMPSON. These are heavy-duty cleaning equipment designed for both residential and commercial use.
List of Key Players Profiled in the Global Market for Pressure Washer:
FNA Group
Briggs & Stratton Corporation
Unimanix Industries
Snow Joe + Sun Joe
Alfred karcher SE & Co.
Nelfisk Group
Generac Holdings
Tennant Company
Transform SR Brands
Robert Bosch Power Tools
Lokpal Industries
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