High Pressure Washer Market to Hit $3 Bn by 2027; Global Market Insights, Inc.

Global Market Insights Inc. has recently added a new report on the high pressure washer market which estimates the market valuation for high pressure washer will cross US$ 3 billion by 2027. The rising number of food processing and pharmaceutical plants across the globe will escalate the demand for high pressure washers over the projected timeframe.
Increasing awareness regarding household cleanliness is significantly contributing toward the expansion of high pressure washer market size. Improving economic conditions has enabled consumers to purchase more sophisticated equipment required to clean their households. Additionally, increasing demand for household cleaning activities, such as removing oiled stains from BBQ grills, bikes, scooters, and cars, will further boost the adoption of high pressure washers. Furthermore, the growing demand for efficient underground equipment to remove the heavy build-up of mud and debris will escalate the high pressure washer industry growth. Ongoing innovations to meet industry standards and enhance equipment efficiency will offer new growth opportunities to the overall industry.
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The cold high pressure washers segment dominates the global industry and is projected to grow at a CAGR of 4.1%. The product and maintenance costs are generally lower than hot water pressure washers. These pressure washers are widely used in the agriculture and residential sectors. Furthermore, the increasing demand for hot water pressure washers is conjugated to their effectiveness against oil and adherent dirt removal. Hot water pressure washers are more efficient owing to less requirement for chemicals and additives.
The demand for gas powered pressure washers is experiencing positive and shall hold over 30% demand share in 2027, primarily attributable to less flammable characteristics required for oil rigs and gas industries. The facilities require high PSI pressure washers to eliminate tough stains. Moreover, multiple cleaning requirements for wellheads, service trucks, maintenance sheds, drill bits, and pipelines are significantly contributing to industry expansion. Furthermore, rising concerns toward city cleaning and hygiene coupled with the increasing cleaning budget and initiatives from central governments have increased the adoption of pressure washers. Additionally, the increasing DIY trend across the globe will enhance demand for high pressure washers from homeowners.
Key high pressure washer industry players are focusing on expanding their presence and product portfolio through product innovation. For instance, in March 2019, Graco introduced a new G-Force II pressure washer to maximize the efficiency of production facility for contractors. This high-performing pressure washer meets the demand for high-end cleaning at a competitive price. Additionally, the manufacturers are also focused on strategic alliances for enhancing their market share in the industry. In September 2018, Tennant Company signed a strategic agreement to acquire Gaomei Cleaning Equipment Company. This will support the company to enhance its product portfolio of cleaning machines and equipment.
Some major findings of the high pressure washer market report include:
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Partial chapters of report table of contents (TOC):
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
3.3.2    Manufacturers
3.3.3    Profit margin
3.3.4    Value addition
3.3.5    Distribution channel analysis    COVID-19 impact on distribution channel
3.3.6    End-users
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    Increasing awareness regarding cleanliness    Growing demand for pressure washers from car wash centers    Proliferating mining industry across the globe    Global demand for cleaning equipment    Rising product demand in the food and pharmaceutical industry in Asia Pacific    Increasing product demand in janitorial industry in North America
3.6.2    Industry pitfall & challenges    Government regulations regarding wastewater disposal and pollution    Perception of pressure washing using large volume of water
3.7    Regulatory trends
3.7.1    North America
3.7.2    Europe
3.7.3    Asia Pacific
3.7.4    Latin America
3.7.5    Middle East & Africa
3.8    Growth potential analysis
3.9    Megatrends
3.10    Price trends
3.10.1    Cost structure analysis    R&D cost    Manufacturing & equipment cost    Raw material cost    Distribution cost    Operating cost    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
3.14.1    Construction
3.14.2    Oil & gas
3.14.3    Municipality
3.14.4    Mining
3.14.5    Food & pharmaceutical
3.14.6    Commercial vehicle cleaning centers
3.14.7    Janitor & homeowner
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Source: Global Market Insights Inc.