Global Pressure Washer Market Outlook and Forecast 2019-2024 - Emergence of Cordless Pressure Washers / Growth of Commercial Pressure Washing Services / Declining Vehicle Ownership

Dublin, April 26, 2019 (GLOBE NEWSWIRE) -- The "Pressure Washer Market - Global Outlook and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.

The global pressure washer market is expected to reach revenue of around $3 billion in 2024 growing at a CAGR more than 3% during the forecast period.

The global pressure washer market is characterized by the presence of several global and regional vendors, which compete based on quality, technology, services, and price. With expanding technological innovations and an increasing number of mergers and acquisitions, the competition is expected to intensify further. Leading vendors are investing in R&D activities to develop customer-centric products with high capacities and long battery life. The market is witnessing advancements in terms of capabilities, versatility, and utility. The market in North America and Europe is comparatively mature and is mainly driven by continuous product innovations by the key players in the market.

Pressure Washer Market - Dynamics

The rise in disposable incomes and the adoption of professional cleaning equipment have positively affected the pressure washer market. With the significant growth in the construction of offices and work-space buildings, the demand for commercial pressure washing services has increased significantly. The pressure washing service industry is increasingly adopting green pressure washing technology, which is environment-friendly with low carbon emissions. The growth in environmental awareness is expected to influence the global pressure washer market growth during the forecast period.

Key Vendor Analysis

The global pressure washer market is highly consolidated, and new players are entering the market to leverage lucrative business opportunities. Leading vendors in the market are focusing on integrating the latest technology with washers. Leading companies are likely to compete in the market in terms of performance, compatibility, reliability, quality, price, and market recognition.

Market Dynamics

Market Growth Enablers

• Growth in Vehicle Washing Industry
• New Product Launches
• Growth in Sales of Gardening Equipment

Market Growth Restraints

• Presence of Alternative Cleaning Technologies
• Noise Emission of Pressure Washers
• High Chances of Injury

Market Opportunities & Trends

• Emergence of Cordless Pressure Washers
• Growth of Commercial Pressure Washing Services
• Declining Vehicle Ownership

Major Vendors in the Market are:

• Alfred Karcher
• Nilfisk
• Robert Bosch
• Briggs & Stratton Corp.
• FNA Group

Other prominent vendors are:

• Generac Power Systems
• Alkota Cleaning System
• Annovi Reverberi Group
• Campbell Hausfeld
• Deery & Company
• Lavorwash Group
• Snow Joe+Sun Joe
• Stanley Black & Decker
• IPC Solutions
• Techtronic Industries (TTI)
• Husqvarna
• Koblenz Electrica S.A
• Simoniz
• Stihl
• Hitachi-Koki
• AR Blue Clean
• Makita
• Zhejiang Anlu
• Greenworks Tool
• Mi-T-M
• North Star
• Snap-on
• Vortexx Pressure Washer
• Troy-bilt
• Duromax
• Ridgid
• Yamaha
• Delux Cleaning Supply Inc.
  

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Related Topics: Hand Tools