Pressure Washers Market Scope
Pressure washer is a high velocity sprayer which is used for removal of paint mold, grime, dust, mud and dirt from buildings, automotive and concrete surfaces. In addition, it is also used by residential, commercial and industrial consumers. Pressure washer increases the production efficiency and capacity. Also, it is cost effective process for removal of dirt or other substances.
According to AMA, the Global Pressure Washers market is expected to see growth rate of 3.8%
Research Analyst at AMA estimates that Europe Manufacturers will contribute to the maximum growth of Global Pressure Washers market throughout the predicted period.
Karcher (Germany), Bosch (Germany), Nilfisk (Denmark), MUC-OFF (United Kingdom), STIHL (Germany), Briggs & Stratton Corp. (United States) and FNA Group (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Pressure Washers market , by Application (Commercial, Residential and Industrial) and Region with country level break-up.
On the basis of geography, the market of Pressure Washers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
In January 2018, Bosch has acquired 5%indirect ownership at HERE technologies which is a provider of digital mapping and location services. This acquisition boosts the Bosch services business
In May 2019, Muc off has launched bike specific pressure washer. It is designed for the cyclists and motorcyclists and works at lower pressure than the standard washers
Market Trend
- Adoption of green pressure washer technology which is environment friendly
Market Drivers
- Rise in disposable income is fueling the market growth. Disposable income is the amount that is available for spending after paying tax. This income is increasing in developing countries such as India and China. This has increased the affordability of high end products which is fueling the market growth.
Opportunities
- Adoption of professional cleaning equipment is boosting the market growth.
- Rising government spending on infrastructure are increasing
Restraints
- High costs associated with pressure washer
Challenges
- Strict government policies may hamper the market
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations