Portable Pressure Washer Market: Current Analysis and Forecast (2021-2027)

$3999$7577

Emphasis on Type (Pasteurizers, Homogenizers, Mixers & Blenders, Separators, Evaporators & Dryers, Membrane Filtration Equipment); Application (Processed Milk, Fresh Dairy Products, Butter & Buttermilk, Cheese, Milk Powder, Protein ingredients); Operation (Automatic, Semi-Automatic); Region/Country

Published:

Sep-2021

Pages:

193

Table:

53

Figure:

80

Report ID:

UMCG21408

Geography:

Clear
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Report Description
Table of content
Research Methodology

Report Description

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

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

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). 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

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

Furthermore, the increased GDP of countries worldwide has inclined the end-users towards adoption of energy efficient devices for residential, commercial, and industrial purposes. For instance, in the year 2019, the United States had the highest gross adjusted household disposable income per capita in the OECD, at 53,123 U.S. dollars. The rising GDP in countries worldwide has been boosting the demand for portable pressure washers worldwide.



Alfred Karcher, FNA Group, Generac Power System, Briggs & Stratton, Nilfisk Group, Snow Joe, AR Blue Clean, Clearforce, Alkota Cleaning Systems, ANNOVI REVERBERI; etc. are some of the prominent players operating in the global Portable Pressure Washer market. Several M&A’s along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products.

Insights Presented in the Report

“Amongst type, electric type segment holds the major share”

Based on type, the global Portable Pressure Washer market is segmented into gas, electric, and others. The electric segment dominated the market with a share of XX% in 2020 and is expected to maintain its dominance during the forecast period as they are affordable and user-friendly.

“Amongst application, Commercial is anticipated to grow at the highest CAGR during the analyzed period”

Further based on application, the market is divided into residential, industrial, and commercial. In 2020, commercial accounted for a maximum market revenue share of XX% and is expected to remain dominant during the analyzed period owing to the increasing water scarcity worldwide has increased the adoption portable pressure washers as it consumes less water. For instance, about 4 billion people, representing nearly two-thirds of the global population, experience severe water scarcity during at least one month of the year.

“Amongst sales channel, online segment is anticipated to grow at the highest CAGR during the analyzed period”

Based on sales channel, the market is fragmented into online and offline. In 2020, offline sales channel segment accounted for a maximum market revenue share of XX% and is expected to remain dominant during the analyzed period owing to the rapid digitalization, increase in number of smartphone users, and improvement in security and encryption has been the driving factor for the increasing demand for online shopping market. For instance, the number of smartphone users worldwide has reached to 3.8 billion in 2021 from 1.06 billion in 2012

“North America signifies one of the largest markets of Portable Pressure Washer Market”

For a better understanding of the market dynamics of the Portable Pressure Washer market, a detailed analysis was conducted for different regions across the globe including North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), Rest of World has been conducted. North America dominated the market and generated revenue of USD XX billion in 2020 owing to the increasing construction activity in the region. For instances, annual expenditures of over USD 1.3 trillion With this annual spending driving the US economy, US construction companies, for example, spend more than USD 10 trillion in goods and services, employing over 10 million workers.

Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts
  • The report presents a quick review of overall industry performance at one glance
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
  • The study comprehensively covers the market across different segments
  • Deep dive regional level analysis of the industry

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1.1 Market Definitions
1.2 Objective of the Study
1.3 Limitation
1.4 Stake Holders
1.5 Currency Used in Report
1.6 Scope of the Global Portable Pressure Washer Market Study

2.1 Research Methodology for the Global Portable Pressure Washer Market
2.1.1 Main Objective of the Global Portable Pressure Washer Market

8.1 Gas
8.2 Electric
8.3 Others

9.1 Residential
9.2 Commercial
9.3 Industrial

10.1 Offline Channel
10.2 Online Channel

11.1 NORTH AMERICA WORLD PORTABLE PRESSURE WASHER MARKET
11.1.1 United States
11.1.2 Canada
11.1.3 Rest of North America
11.2 EUROPE WORLD PORTABLE PRESSURE WASHER MARKET
11.2.1 Germany
11.2.2 France
11.2.3 United Kingdom
11.2.4 Spain
11.2.5 Italy
11.2.6 Rest of Europe
11.3 ASIA PACIFIC WORLD PORTABLE PRESSURE WASHER MARKET
11.3.1 China
11.3.2 Japan
11.3.3 India
11.3.4 Australia
11.3.5 Rest of Asia Pacific
11.4 REST OF THE WORLD PORTABLE PRESSURE WASHER MARKET

12.1 Market Drivers
12.2 Market Challenges
12.3 Impact Analysis

14.1 Demand Side Analysis
14.2 Supply Side Analysis
14.2.1 Top Product Launches
14.2.2 Top Business Partnerships
14.2.3 Top Merger & Acquisitions

18.1 Porter’s Five forces analysis
18.1.1 Bargaining power of Supplier
18.1.2 Bargaining power of Buyer
18.1.3 Industry Rivalry
18.1.4 Availability of Substitute
18.1.5 Threat of new Entrants
18.2 Competitive Landscape
18.2.1 Company Shares, By Revenue

19.1 Briggs & Stratton
19.1.1 Key Facts
19.1.2 Business Description
19.1.3 Key Product/Services Offerings Revenue Split
19.1.4 Growth Strategy Financial Overview of Briggs & Stratton
19.1.5 SWOT Analysis
19.1.6 Key Financials Product Launch
19.1.6.1 Partnerships
19.1.6.2 Business Expansion and Investments
19.1.7 Recent Developments Merger and Acquisition
19.1.7.1 Product Launch
19.1.7.2 Partnerships
19.1.7.3 Business Expansion and Investments
19.1.7.4 Merger and Acquisition
19.2 FNA Group
19.3 Generac Power System
19.4 Alfred Karcher
19.5 Nilfisk Group
19.6 Snow Joe
19.7 AR Blue Clean
19.8 Clearforce
19.9 Alkota Cleaning Systems
19.1 Annovi Reverberi

Research Methodology

Analyzing the historical market, estimation of the current market, and forecasting the future market of the Global Portable Pressure Washer Market were the three major steps undertaken to create and analyze the adoption of Portable Pressure Washer due to increased demand for energy efficient devices. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the Portable Pressure Washer sector. Post assumption and validation of market numbers through primary interviews, we employed a top-down approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detailed secondary study was conducted to obtain the historical market size of the Portable Pressure Washer through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the Portable Pressure Washer market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments for major regions. Major segments included in the report are technology and application. Further country-level analyses were conducted to evaluate the overall adoption of portable pressure washer in every region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of Portable Pressure Washer. Further, we conducted factor analysis using dependent and independent variables such as increasing demand for healthy diet and the growing population. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, merger and acquisition, business expansion, and product launches in the Portable Pressure Washer industry across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the Portable Pressure Washer market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down approach was applied to arrive at the market forecast about 2027 for different segments and subsegments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of value (USD) and the adoption rate of Portable Pressure Washer across the major markets domestically
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the Portable Pressure Washer market in terms of services offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the Portable Pressure Washer market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of the technology and application end-user of the Portable Pressure Washer market.

Main Objective of the Portable Pressure Washer Market Study

The current & future market trends of Portable Pressure Washer were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of Portable Pressure Washer in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study include areas of type, application, and sales channel
  • Define and analysis of the regulatory framework for the Portable Pressure Washer industry
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
  • Analyze the current and forecast market size of the Portable Pressure Washer market for the major region
  • Major regions studied in the report include North America (the United States, and Canada), Europe (Germany, France, Italy, Spain, and United Kingdom), Asia-Pacific (China, Japan, India, and Australia), and Rest of the World
  • Company profiles of the Portable Pressure Washer market and the growth strategies adopted by the market players to sustain in the fast-growing market

Deep dive regional level analysis of the industry