Pressure Washer Market to Record an Exponential CAGR by 2025
Rapid rise in the number of car washing stations due to increase in the number of vehicles and growing product awareness is driving the market for the product in the forecast period.
(firmenpresse) - The global pressure washer market size is expected to reach USD 2.3 billion by 2025, expanding at a CAGR of 3.4% in the forecast period, according to a new report by Grand View Research, Inc. Rapid rise in the number of car washing stations due to increase in the number of vehicles and growing product awareness is driving the market for the product in the forecast period. Furthermore, increasing number of houses with lawn areas and trendy exteriors in countries such as U.S and U.K are propelling the market growth.
On the basis of segmentation on the product type, electricity based product led the market and accounted for 38.8% share of the total revenue in 2018. The fact that the electric pressure washer comes with salient features such as light weight, powerful, and durable, thus the residential users prefer to have the electric based segment. The one-time payment with no extra expenditure with time and low maintenance are anticipated to drive the segment in the near future.
However, in the industrial segment, gas based pressure washer is mostly preferred and is expected to register a CAGR of 2.7% in the forecast period. They are more powerful but they require regular maintenance and refuelling, thus are not much popular among the residential users.
The most common application of pressure washer lies in garden washing. Growing trend of lawn areas in developed as well as emerging economies is anticipated to drive the segment. The home exterior segment is expected to expand at the fastest CAGR of 3.9% in the forecast period. The segment is expected to witness significant growth in the near future owing to the trend of designer exteriors and the fact that increasing pollution level is hampering the exterior.
North America is the largest region for the product and it accounted for 35.0% share of the overall revenue in 2018. U.S. is one of the leading markets for the product and is expected to expand at a CAGR of 3.9% in the forecast period. Growing usage of the product due to increasing popularity about its benefits and implementation of the product type in cleaning of public gardens by the government have driven the market in the region.
To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/pressure-washer-market
Further key findings from the report suggest:
By product type, the electricity based segment dominated the market with a share of 38.8% in 2018
Countries such as India and China are projected to witness rapid growth due to increasing popularity of the product in the commercial sector, along with an increase in the number of high-end hotels
The home exterior application segment is anticipated to register the fastest CAGR of 3.9%.
Grand View Research has segmented the global pressure washer market on the basis of product type, application, and region:
Pressure Washer Product Type Outlook (Revenue, USD Million, 2015 - 2025)
Electric Based
Gas Based
Fuel Based
Pressure Washer Application Outlook (Revenue, USD Million, 2015 - 2025)
Car
Garden
Home Exterior
Industrial
Others
Pressure Washer Regional Outlook (Revenue, USD Million, 2015 - 2025)
North America
Europe
Asia Pacific
MEA
CSA
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
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Datum: 05.09.2019 - 12:28 Uhr
Sprache: Deutsch
News-ID 598294
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contact information:
Contact person: Sonali Kulkarni
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Phone: 14153490058
Kategorie:
Home & Garden
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