Electric Pressure Washer Market Analysis & Forecast | 2023-2028

Market Insights

The electric pressure washer market is projected to grow from USD 3.27 billion in 2022 to USD 3.8 billion by 2028 at a CAGR of around 2.53% during the forecast period.

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What is Electric Pressure Washer?

A pressure washer is defined as a high-pressure mechanical sprayer that is used to remove dust, mud, dirt, mold, or loose paint. The volume of a pressure washer is expressed in gallons or liters. A pressure washer can be categorized as a light-duty pressure washer, medium-duty pressure washer, and heavy-duty pressure washer.

Key Players

Key players operating in the Electric Pressure Washer market are-

• FNA Group (The U.S),
• Ariens Company (The U.S),
• Generac Holdings Inc. (The U.S),
• Snow Joe LLC (The U.S),
• A.R. North America, Inc. (The U.S),
• John Deere (The U.S),
• Greenworks Tools (The U.S),
• Husqvarna AB (Sweden),
• Stanley Black & Decker, Inc. (The U.S), and
• Alfred Kärcher SE & Co. KG (Germany).

Market Dynamics

The rising number of vehicles across geographies has resulted in increased demand for electric pressure washers in the residential sector.

• The growth of the market is primarily driven by increasing demand in the cleaning sector in various applications including pool cleaning, car-washing, and floor cleaning among others.

• In addition to this, rising demand for low-cost and high-quality pressure washers is likely to create lucrative opportunities for the players operating in the global market during the review period.

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Segment Analysis

Application Trends

The market has been bifurcated into the household, commercial and industrial.

Under these, the household segment accounted for the largest market share in 2022 and is projected to register significant growth during the review period.

The segment growth can be attributed to the increasing number of vehicles in households.

Regional Insights

The market in North America accounted for the largest market share in 2022 and is projected to grow at a significant CAGR during the assessment period.

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The regional growth can be attributed to increasing product use in the cleaning sector and the presence of key market players such as FNA Group (The U.S), and Generac Holdings Inc. (The U.S).

The market in Asia-Pacific is expected to be driven by high product demand in developing countries particularly China and India.

Segmentation

The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The market is segmented into the following categories:

By product type:

• Light Duty,
• Medium Duty,
• Heavy Duty.

By application type:

• Household,
• Commercial,
• Industrial.

By region:

• North America
• Europe
• Asia-Pacific
• Rest of the world.

Target Audience

The following is a list of the customers that the Electric Pressure Washer market aims to convert the most:

• Distributors
• Suppliers
• Manufacturers
• Logistics organizations
• Government bodies

COVID-19 Impact

Covid-19 outbreak impacted the growth of the market negatively. The spread of coronavirus led to the enforcement of lockdown to curb the spread of the virus. This led to travel restrictions and supply chain disruptions, which in turn affected the product availability on time.

Critical Questions Answered in the Report

• What are the key trends in the market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
• What is the impact of COVID-19 on the market?
• What are the key strategies adopted by the major vendors to lead in the market?
• What is the market share of the top vendors?

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the dynamics and will enable strategic decision making for the existing players as well as those willing to enter the market.

The following are the key features of the report:

• Overview, industry life cycle analysis, supply chain analysis
• Environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Trend and forecast analysis
• Segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Customization Options

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.