Press release
Pressure Washer Market Will Reach USD 3,868.9 Million By 2030
The global pressure washer market is witnessing growth and is projected to reach USD 3,868.9 million by 2030. This growth can be credited to the growing need for pressure washers in commercial and residential applications and the increasing count of carwash stations.Request for sample pages of this report: https://www.psmarketresearch.com/market-analysis/pressure-washer-market/report-sample
Pressure washers are accessible in an extensive variety of stores, ranging from customer stores, such as Home Depot and Lowe's; to industrial suppliers to specialty stores. The main difference between the pressure washer brands is the excellence of the item. A normal consumer unit usually has a life of 100 hours, with 20 hours of yearly utilization. A commercial or industrial unit, on the other hand, has a life of numerous thousand hours.
In recent years, the commercial category had the largest pressure washer industry share, approximately 40%, due to the rising knowledge regarding hygiene among owners of commercial properties. Such devices are utilized in numerous commercial settings, such as hospitals and retail stores; and public places, like monuments, roads, and sidewalks.
APAC nations will witness the fastest development, approximately 5%, in the pressure washer market, primarily because of the government steps for advancing infrastructure. For example, in February 2020, the Chinese government declared a strategy to spend USD 1.4 trillion for enhancing digital infrastructure, inter-city transport systems such as railway systems, and 5G networks.
Likewise, the requirement for car washing, swimming pool maintenance, floor cleaning, and gardening services is growing with the increase in the per-capita income of individuals throughout the globe. According to the OICA, nearly 82 million cars will be sold worldwide in 2021, thus boosting the demand for carwash services.
Sales of hot-water pressure washers are expected to increase quicker, with more than 4% CAGR, on the basis of operation, during the projection period. The utilization of hot-water pressure washers can lessen the cleaning timing by 35% and offer a more effective cleaning. This is propelling their demand for deep washing applications, as they are even capable of cleaning grease, oil, and numerous other substances that cannot be removed from surfaces with outdated approaches.
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In recent years, the 1,501-3,000 PSI category had the largest share, of over 50%, due to the growing utilization of such variants for washing bicycles, automobiles, and motorcycles and for residential determinations, such as gardening and cleaning. Throughout the world, car washing is a major end use of pressure washers, producing approximately 10% of the income in recent years.
The growing demand for carwash facilities is expected to enhance the sale of pressure washers. Between 1996 and 2014, the count of customers utilizing carwash facilities increased by 19.20%. Since 2018, the car washing market has been advancing at an annual rate of over 3%. By the end of 2022, the count of carwash centers is projected to surge by 10%.
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