The pressure washer market is projected to generate $3,868.9 million revenue in 2030, advancing at a CAGR of around 4.4% during 2021–2030. This can be primarily due to the rising demand for these products in residential and commercial applications and growing awareness of clean and healthy surroundings, especially in the emerging economies of APAC.
Essentially, the demand for such products is growing for cleaning cars, trucks, and other commercial vehicles. Similarly, they are used in the manufacturing and automotive industries for the effective removal of grease, oil, and rust from manufacturing equipment. Additionally, hot-water pressure washers are effective in killing bacteria, viruses, and fungi, which is why their usage in the healthcare and food and beverage sectors is burgeoning.
For instance, the food market of the U.S. alone generated $1.69 trillion in 2020, which is why the country is a major pressure washer market. Moreover, various commercial spaces, including hospitality units, roads, retail stores, and monuments, are witnessing an increasing utilization of these objects.
During the projection period, APAC is expected to have the highest growth rate, around 5%, in the worldwide pressure washer market. These devices are in high demand in China as a result of the rapid industry and population growth, the latter of which is driving the construction of residential units. Pressure washers are widely used for window washing, drain, duct, and gutter cleaning, pool cleaning, and other outdoor maintenance activities.
Moreover, the growing number of startups providing professional cleaning services and the rising preference of people for them are driving the sale of pressure washers. Additionally, the market is driven by the rising investments by leading players in advanced technologies, primarily battery-operated pressure washers, which are more economical and enable deep cleaning.
Players in the pressure washer market have been involved in facility expansions and product launches to gain a significant position. For instance, in April 2021, Alfred Kärcher SE & Co. KG launched the K Mini pressure washer. This lightweight and compact device is designed to clean dust and dirt from balconies and terraces and for home gardening.
Moreover, in February 2021, Nilfisk Core launched new high-pressure models, which are more efficient, easy to handle, flexible, and designed to prevent hose damage and offer extended lifetime and high performance.
Similarly, in August 2020, FNA Group inaugurated a new pressure washer and related equipment factory in Texas, which leverages robotic technologies to maximize the production efficiency.
The major players operating in the pressure washer market include Generac Holdings Inc., Alfred Kärcher SE & Co. KG, FNA Group, IP Cleaning Srl, Sunrise Global Marketing LLC, AR North America, Landa Karcher Group, and Briggs & Stratton.