WILMINGTON, Del., Aug. 19, 2024 /PRNewswire/ -- Allied Market
Research published a report, titled, "Electric Pressure
Washer Market by Type (Compact, Medium Duty and Heavy Duty),
Application (Commercial, Residential and Industrial), Pressure (0 –
1, 500 PSI, 1, 501–4, 000 PSI, Above 4 and 000 PSI): Global
Opportunity Analysis and Industry Forecast, 2024-2032".
According to the report, the electric pressure washer
market was valued at $2.9
billion in 2023, and is estimated to reach $5.0 billion by 2032, growing at a CAGR of 6.2%
from 2024 to 2032.
Prime determinants of growth
The increasing popularity of electric pressure washers is
attributed to a combination of factors. Environmental
considerations are a major factor, as these washers are viewed as
being more environmentally friendly and
energy-efficient compared to their gas-powered counterparts.
Moreover, advancements in technology have improved their
performance, making them just as powerful and efficient.
Additionally, their user-friendly features and affordability make
them even more appealing. Convenience is also a significant factor,
as electric models are easier to use, maintain, and transport.
Market trends, such as the DIY movement, and the convenience of
online purchasing, further contribute to their growing demand. In
addition, more stringent emission rules and adherence to safety
regulations give an advantage to electric pressure washers compared
to gas-powered ones. The adaptability of electric models, which are
preferred for residential and light commercial use, increase their
market appeal. Growing exposure from marketing efforts and
educational initiatives also contribute to the rising demand,
electric pressure washers have become the preferred choice for many
customers.
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Report coverage & details:
Report
Coverage
|
Details
|
Forecast
Period
|
2024–2032
|
Base
Year
|
2023
|
Market Size in
2023
|
$2.92
billion
|
Market Size in
2032
|
$4.95
billion
|
CAGR
|
5.5 %
|
No. of Pages in
Report
|
315
|
Segments
Covered
|
Type, Application,
Pressure, and Region
|
Drivers
|
Eco-friendly and
energy-efficient compared to gas-powered models.
Improved performance
and user-friendly features.
Lower operating costs
and competitive initial pricing.
|
Opportunities
|
Increasing popularity
of DIY projects
|
Restraint
|
limited mobility and
use in remote locations
|
The medium duty segment maintains its leadership throughout
the forecast period.
Based on the type, the medium duty segment held the highest
market share in 2023, the popularity of medium-duty electric
pressure washers is increasing rapidly owing to various important
reasons. These washers are highly versatile and can be used for a
wide range of cleaning tasks in residential and light commercial
settings, making them appealing to a diverse group of consumers.
The preference for electric models is driven by environmental and
efficiency concerns, as they do not produce any emissions and are
more energy-efficient. In addition, advancements in technology have
improved their performance and added user-friendly features such as
adjustable pressure settings and lesser noise operation, making
them even more convenient to use.
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The 1, 501–4, 000 PSI segment maintains its leadership
throughout the forecast period.
Based on the pressure, the 1, 501–4, 000 PSI segment held the
highest market share in 2023, the adaptability of 1, 501–4, 000 PSI
pressure washer allows to be used for various residential and light
commercial cleaning jobs, attracting a wide range of customers. The
preference for electric models is driven by environmental and
efficiency concerns, as they do not emit any emissions and are more
energy-efficient. Technological progress has improved performance
and user-friendly features, such as adjustable pressure settings
and quieter operation, making them easier to use.
Cost-effectiveness is also a factor, with lower operating and
maintenance costs compared to gas-powered models. The rise in
consumer awareness and successful marketing tactics, along with the
increase in DIY home improvement projects, continue to boost 1,
501–4, 000 PSI range of electric pressure washer
popularity.
The residential segment maintains its leadership throughout
the forecast period.
Based on the application, the residential segment held the
highest market share in 2023, in residential settings environmental
factors are of utmost importance, as electric models do not emit
any harmful substances while in use, which aligns perfectly with
the sustainable lifestyle choices that many homeowners value. The
progress in technology has greatly improved their performance and
efficiency, providing features such as adjustable pressure settings
and enhanced cleaning power to effectively handle a wide range of
tasks. Additionally, their cost-effectiveness, with lower
operational and maintenance expenses, is highly appealing to
budget-conscious consumers. In addition, the surge in DIY culture
has increased the need for versatile tools among homeowners looking
to manage and improve their properties. Successful marketing
strategies and consumer education have been instrumental in
highlighting the advantages of electric pressure washers, impacting
consumer choices. Such factors contributed to the increasing demand
of electric pressure washer across residential industry.
The Asia-Pacific region
maintains its leadership throughout the forecast
period.
Based on the region, the Asia-Pacific held the highest market share in
2023, Asia-Pacific countries
including China and India are experiencing a significant rise in
the electric pressure washers' market owing to their growing middle
class and higher disposable income. While gas-powered models are
still preferred in rural areas, electric options are gaining
popularity in urban centers. The market is projected to witness
explosive growth in the near future, driven by improving living
standards and evolving consumer preferences. These washers have
experienced significant improvements in their performance,
efficiency, and usability owing to technological advancements.
Electric pressure washer offers customizable pressure options and
user-friendly designs to meet the varying requirements of
customers. In addition, government initiatives that promote energy
efficiency and provide incentives for cleaner technologies have
played a crucial role in encouraging their adoption across
Asia-Pacific.
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Players: -
- Alfred Kärcher GmbH & Co. KG
- Nilfisk
- Andreas Stihl AG & Company KG
- BriggsandStratton
- Robert Bosch GmbH
- TTI, Inc
- Annovi Reverberi S.p.A.
- Electric Pressure Washer
- Stanley Black & Decker,
Inc.
- Makita Corporation
The report provides a detailed analysis of these key players in
the global electric pressure washer market. These players have
adopted different strategies such as new product launches,
collaborations, expansion, joint ventures, agreements, and others
to increase their market share and maintain dominant shares in
different regions. The report is valuable in highlighting business
performance, operating segments, product portfolio, and strategic
moves of market players to showcase the competitive scenario.
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