Pressure Washer Market Share, Growing Demand, and Top Key Players

Comments · 344 Views

The pressure washer market will generate USD 3,868.9 million by 2030, growing at a 4.4% CAGR during this decade, as per a statement by P&S Intelligence.

The advance in the industry is credited to the growing requirement for pressure washers in commercial and residential applications and the increasing number of carwash stations. In addition, due to the increasing rate of urbanization, the demand for new residential buildings has increased, hence leading to the increasing requirement for pressure washers.

In the past few years, the commercial category accounted for the largest share of the industry, of around 40%, owing to the increasing consciousness of cleanliness by the owners of commercial spaces. Pressure washers are used in various commercial settings, such as hospitals, public places, and retail stores.

Moreover, startups providing professional cleaning services have increased in the past few years. Due to the increasing disposable income and living standard of people, the preference for patio cleaning, exterior home cleaning, and car cleaning services is rising.

Get More Insights: Pressure Washer Market Revenue Estimation and Growth Forecast Report

Based on pressure, the 1,501–3,000 psi category accounted for over 50% market revenue in recent years, owing to the rising adoption of these variants for washing bicycles, cars, and motorcycles, as well as in residential settings for gardening and cleaning.

The 3,001–4,000 psi category held the second-largest share in recent years. This is credited to their suitability in heavy-duty applications, such as in construction sites and automobiles.

Major players in the pressure washer industry have been involved in product launches and expansion of facilities to gain a competitive edge.

Due to the increasing demand for pressure washers in commercial and residential applications, the growing number of carwash stations, and the increasing disposable income, the demand for pressure washers will continue to rise in the coming years.

Comments