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The global pressure washer market size is expected to reach USD 3.0 billion by 2026, at a compound annual growth rate (CAGR) of 4.2%
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Pressure Washer Market Share, Size, Trends, Market Growth Drivers 2030 The global pressure washer market size is expected to reach USD 3.0 billion by 2026, at a compound annual growth rate (CAGR) of 4.2% during the forecast period. “Commercial application to dominate the pressure washer market” The pressure washer market for commercial application is dominant in 2020. The growing construction activities in APAC are responsible for the adoption of pressure washers at construction sites. Besides, the governments of various countries are heavily investing in the expansion and development of commercial infrastructures, which is also fuelling the growth of the segment. “Portable pressure washer to hold the largest share of pressure washer market by 2026” The market for the portable pressure washer held the largest share in 2020 and is estimated to remain the same during the forecast period. The growth of the segment is attributed to the portability of these washers that helps to meet the need for cleaning floors and objects. Portable pressure washers are compact and can be carried at the required destination for the cleaning of vehicles, equipment, tools, machines, and surfaces. These washers are convenient for storage as they do not require much space. They are highly adopted by commercial and residential applications. “Pressure Washer in APAC to grow at the highestCAGR” APAC is expected to hold the largest growth rate of the global pressure washer market during the forecast period. There is a high demand for pressure washers in China due to rapid industrial growth and a rising population, which leads to an increase in residential activity. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=125335426 The country is one of the biggest exporters of pressure washer components. The agricultural industry is expected to be one of the key contributors to the growth of the pressure washer market in APAC during the forecast period. Increased adoption of pressure washers for cleaning farming equipment for better yield production and profitability is estimated to fuel the growth of the market in the region over the forecast period. About MarketsandMarkets™ MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem.Our insights and strategies are molded by our industry experts, cutting-edge AI- powered Market Intelligence Cloud, and years of research.The KnowledgeStore™ (our Market Intelligence Cloud)
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