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Pressure Washer Market Report 2024: Strategies And Recent Developments | Generac Holdings Inc., Alfred Karcher SE And Co KG, Financial Network Analytics Ltd
Pressure Washer Market Characteristics
The Business Research Company offers in-depth market insights through Pressure Washer Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The pressure washer market size has grown strongly in recent years. It will grow from $2.67 billion in 2023 to $2.81 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to rise in outdoor cleaning needs, expansion of construction activities, growth in automotive industry, commercial and industrial maintenance, diy home improvement trends..
The pressure washer market size is expected to see steady growth in the next few years. It will grow to $3.35 billion in 2028 at a compound annual growth rate (CAGR) of 4.5%. The growth in the forecast period can be attributed to increasing emphasis on hygiene, growth in outdoor recreation spaces, sustainable cleaning practices, e-commerce expansion, increasing adoption in agriculture, emergency response and disaster cleanup.. Major trends in the forecast period include diversification of nozzle and spray technologies, online retail and e-commerce growth, focus on robust and durable build, rise in rental services, regulatory compliance and standards..
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Market Segmentation:
The pressure washer market covered in this report is segmented -
1) By Type: Portable, Non-Portable
2) By Fuel Type: Electric Powered, Diesel Powered, Gasoline Powered
3) By Pressure: 0-1,500 PSI, 1,501-3,000 PSI, 3,001-4,000 PSI, Above 4,000 PSI
4) By Distribution Channel: Online, Offline
5) By Application: Car Washer, Garden Washer, Home Exterior Washer, Industrial, Other Applications
Major Driver - Growing Construction Activities Driving Pressure Washer Market Growth
The increasing construction activities worldwide is expected to propel the growth of the pressure washer market going forward. Construction activities refer to the various tasks and processes involved in the creation, alteration, or demolition of structures or infrastructure. These activities are typically carried out by construction companies, contractors, or skilled professionals in the construction industry. Pressure washers are commonly used in construction activities for various cleaning and surface preparation tasks such as cleaning construction equipment, concrete cleaning, brick and masonry cleaning, removing graffiti and stains, and building exterior cleaning. So, these factors boost the pressure washer market. For instance, in May 2023, according to the reports shared by the United States Census Bureau, a US-based government agency, construction spending increased from $1,768.2 billion in March 2022 to $1,834.7 billion in March 2023, showing a 3.8% increase in construction spending. Further, an estimated 1,595,100 housing units were started in 2021, that increased by 15.6% from 1,379,600 in 2020 in the US. Therefore, increasing construction activities worldwide are driving the pressure washer market
Competitive Landscape:
Major companies operating in the pressure washer market report are Generac Holdings Inc., Alfred Karcher SE And Co KG, Financial Network Analytics Ltd, IP Cleaning Srl, Briggs & Stratton Corporation, Unimanix Industries Inc., Stanley Black & Decker Ltd., Kärcher, Hotsy Equipment Company, Nilfisk Group, Husqvarna Group, AR Blue Clean, Simpson Cleaning, Annovi Reverberi S.p.A., Mi-T-M Corporation, Techtronic Industries Co. Ltd., Comet S.p.A., WEN Products Inc., Deere & Company, BE Power Equipment, Himore, Snow Joe + Sun Joe, Black Cat, Mac International, Simoniz, Champion Power Equipment, CAM Spray, Easy-Kleen Pressure Systems Ltd., Jetstream of Houston LLP, Lavorwash Group
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Top Trend - Product Innovations In Pressure Washer Market
Product innovation is a key trend gaining popularity in the pressure washer market. Major companies operating in the pressure washer market are developing innovative products to strengthen their position in the market. For instance, in February 2021, Nilfisk Group., a Denmark-based manufacturer of professional cleaning equipment, launched its next generation of high-pressure washers with the new models 125, 130, 140, and 140 in-hand power-control pressure washers. These innovative pressure washers are designed with a variety of new and game-changing features, such as an internal hose reel, ultra-flex hose, and in-hand power control. Additionally, these products are relatively light and easy to move around. These high-pressure washers are designed to be used in various commercial and industrial settings for heavy-duty cleaning tasks. It can also be used for maintaining cleanliness in public areas, parks, sidewalks, public buildings, and other municipal facilities.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Pressure Washer Market Characteristics
3. Pressure Washer Market Trends And Strategies
4. Pressure Washer Market - Macro Economic Scenario
5. Pressure Washer Market Size And Growth
…..
27. Pressure Washer Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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