Market Overview
End-User preference for less water-intensive cleaning equipment is shifting at a faster rate, which is expected to drive demand for Portable Pressure Washers in the coming years. This reversal in trend is due to increasing water scarcity around the planet. According to World Vision, 785 million people lack access to safe drinking water. For instance, as per World Vision, 785 million people lack access to clean water. That’s one in 10 people on the planet.
According to UnivDatos Market Insights, Global Portable Pressure Washer Market was valued at US$ 2.2 Billion in 2020 and is anticipated to reach US$ 2.9 Billion by 2027 displaying an elevated CAGR of 4% over the forecast period (2021-2027).
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Furthermore, as the number of vehicles on the road grows, so will the need for consumer pressure washers from homeowners.. For instance, worldwide car sales are expected to grow to 70 million automobiles in 2021, up from an estimated 63.8 million units in 2020. China was the largest automobile market based on car sales with around 21 million units in 2019
Moreover, pressure washing has a significant role in heavy industries, as it helps to increase the production capacity and efficiency of the industries. Automobiles, construction, and different ventures use gas pressure washers at a noteworthy rate. Expansion in the number of enterprises and development of the car division is anticipated to drive the gas pressure washer showcase during the forecast period.
By Type, the market is primarily bifurcated into
· Gas
· Electric
· Others
The electric type segment dominated the by product and services of the global Portable Pressure Washer market and will row at --% CAGR to reach US$ -- Million by the year 2027.
By Application, the market is primarily segmented into
· Residential
· Commercial
· Industrial
Amongst the application, Commercial segment accounted for the largest share in 2020 and is expected to grow at --% CAGR during the forecast period 2021-2027.
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By Sales Channel, the market is primarily segmented into
· Offline Channel
· Online Channel
Amongst the sales channel, online segment accounted for the largest share in 2020 and is expected to grow at --% CAGR during the forecast period 2021-2027.
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Portable Pressure Washer Market Geographical Segmentation Includes:
· North America (United States, Canada, and Rest of North America)
· Europe (Germany, United Kingdom, Italy, France, Spain, and Rest of Europe)
· Asia-Pacific (China, Japan, India, Australia, and Rest of Asia-Pacific)
· Rest of the World
Based on the estimation, the North America region dominated the Portable Pressure Washer market with almost US$ -- Million in revenue in 2020.
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Portable Pressure Washer market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
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