The global high pressure washer market size is poised to record appreciable growth through the ensuing years, owing to a surge in the number of airborne diseases. The rising awareness amongst consumers and office employees regarding cleanliness and a healthy environment are expected to augment commercial pressure washers over the forthcoming years.
According to the latest research by Global Market Insights, Inc., the high pressure washer market share is anticipated to reach USD 3 billion by 2027.
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The market is driven by an increase in investments from government and private companies in the mining sector. In addition, numerous industry players are focusing on product launch initiatives for increasing the penetration of high pressure washer market across various regions.
For instance, in May 2019, Muc-Off announced the roll-out of the first pressure washer at the global level. It has been designed specifically for motorbikes and bicycles. The company has tooled and developed three specific lances for ensuring that the pressure washer will not cause any damage to bearings or surfaces.
Some major trends driving high pressure washer market growth comprise:
Increasing adoption of gas powered pressure washers
Less flammable characteristics that are required for oil rigs and gas industries have been instrumental in propelling the growth of the gas powered pressure washers industry through the estimated period. The segment is anticipated to account for more than 30% of the demand share in 2027.
Oil and gas industries need high PSI pressure washers for the elimination of tough stains. Several cleaning needs for service trucks, wellheads, drill bits, pipelines, and maintenance sheds are significantly contributing towards industry expansion.
Surging demand for cold high pressure washer market and hot high pressure washers
The cold high pressure washers segment accounted for a dominating share of the global industry and is anticipated to record a substantial CAGR of 4.1% over the analysis period. This is because the cost of maintenance and products are generally lower as compared to hot water pressure washers. These pressure washers are extensively utilized in residential and agriculture sectors.
Moreover, the surging demand for hot water pressure washers is attributed to their effectiveness against the removal of adherent dirt and oil. They are considered efficient due to the less requirement for additives and chemicals.
Rising awareness regarding household cleanliness
Increasing awareness regarding household cleanliness is remarkably contributing towards the growth of high-pressure washer market size through the forecasted period. Improving economic conditions has enabled customers to buy more sophisticated equipment for cleaning their households.
The rising demand for household cleaning activities, comprising the removal of oiled stains from scooters, BBQ grills, cars, and bikes will escalate the adoption of high pressure washer market. In addition, the surging demand for efficient underground equipment for the removal of the heavy build-up of debris and mud will bolster the business landscape through the coming years.
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Escalating strategies of major market players
Prominent high pressure washer market players are focusing on the expansion of their presence by adopting a range of strategies including partnerships, acquisitions, and product innovation.
For instance, in March 2019, Graco introduced a new G-Force II pressure washer for maximizing the efficiency of production units for contractors. The product helps in meeting the demand for high-end cleaning at a competitive price.
In a nutshell, the soaring number of pharmaceutical and food processing plants at the global level will augment high pressure washer industry size through the assessment period.
Table of Contents (ToC) of the report:
Chapter 1 Methodology And Scope
1.1 Market definitions
1.2 Base estimates & working
1.2.1 North America
1.2.3 Asia Pacific
1.2.4 Latin America
1.2.5 Middle East & Africa
1.3 Forecast calculations
1.3.1 COVID-19 impact calculations on industry forecast
1.4 Data sources
Chapter 2 Executive Summary
2.1 High pressure washer industry 360° synopsis, 2017 – 2027
2.1.1 Business trends
2.1.2 Product trends
2.1.3 PSI trends
2.1.4 Temperature trends
2.1.5 Driving force trends
2.1.6 Application trends
2.1.7 Regional trends
Chapter 3 High Pressure Washer Industry Insights
3.1 Industry segmentation
3.2 Industry size and forecast, 2017 – 2027
3.2.1 COVID-19 impact on industry landscape
3.3 Industry ecosystem analysis
3.3.1 Component suppliers
3.3.3 Profit margin
3.3.4 Value addition
3.3.5 Distribution channel analysis
220.127.116.11 COVID-19 impact on distribution channel
3.3.7 Vendor matrix
3.3.8 Other industry participants
3.4 Innovation & sustainability
3.4.1 Patent analysis
3.4.2 Production process
3.4.3 Future trends
3.5 Raw materials analysis
3.6 Industry impact forces
3.6.1 Growth drivers
18.104.22.168 Increasing awareness regarding cleanliness
22.214.171.124 Growing demand for pressure washers from car wash centers
126.96.36.199 Proliferating mining industry across the globe
188.8.131.52 Global demand for cleaning equipment
184.108.40.206 Rising product demand in the food and pharmaceutical industry in Asia Pacific
220.127.116.11 Increasing product demand in janitorial industry in North America
3.6.2 Industry pitfall & challenges
18.104.22.168 Government regulations regarding wastewater disposal and pollution
22.214.171.124 Perception of pressure washing using large volume of water
3.7 Regulatory trends
3.7.1 North America
3.7.3 Asia Pacific
3.7.4 Latin America
3.7.5 Middle East & Africa
3.8 Growth potential analysis
3.10 Price trends
3.10.1 Cost structure analysis
126.96.36.199 R&D cost
188.8.131.52 Manufacturing & equipment cost
184.108.40.206 Raw material cost
220.127.116.11 Distribution cost
18.104.22.168 Operating cost
22.214.171.124 Miscellaneous cost
3.10.2 Price by driving force
3.10.3 Price by PSI
3.10.4 Price by temperature
3.10.5 Price by application
3.10.6 COVID-19 impact on pricing
3.11 Competitive landscape
3.11.1 Company market share analysis
3.11.2 Brand analysis
3.11.3 Key stakeholders
3.11.4 Strategic dashboard
3.12 Porters analysis
3.12.1 Industry rivalry
3.12.2 Suppliers power
3.12.3 Buyers power
3.12.4 Threat of new entrant
3.12.5 Threat of substitute
3.13 PESTEL analysis
3.14 COVID-19 impact on high pressure washer demand by application
3.14.2 Oil & gas
3.14.5 Food & pharmaceutical
3.14.6 Commercial vehicle cleaning centers
3.14.7 Janitor & homeowner
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