Press Release
Press Release
The global market for pressure washer is being aided by the growing demand for car washing services across the world. This can be attributed to the rising sales of passenger cars, owing to the rising disposable incomes and improved living standards of consumers. Also, the growing demand for cleaning solutions across residential and commercial sectors has been bolstering the market growth. The rising customer awareness regarding the availability of pressure washer services is expected to further contribute to the market growth. In addition, several startups are offering pressure washing services with an increased focus on improving customer experience. Further, the demand for pressure washers for road and public space cleaning is expected to supplement the market growth in the coming years.
The increasing investment by the leading market players in the research and development of advanced pressure washer systems that can be utilised for diverse applications is expected to positively impact the market growth in the forecast years. For instance, in March 2017, Generac Power Systems, Inc., a subsidiary of Generac Holdings Inc. (NYSE: GNRC), announced the launch of its latest innovation, SpeedWash, a part of its residential pressure washer line which comes with a one-of-a-kind PowerDial. The PowerDial helps control the water pressure based on cleaning requirements and comes with four settings: an automobile setting, a wood setting, a concrete setting, and a soap setting. Meanwhile, other manufacturers such as Simpson Manufacturing Co, Inc. (NYSE: SSD) offer a range of pressure washers that are electric and gas powered. These can be deployed for residential and professional use. This is anticipated to prove beneficial for the pressure washer industry growth in the forecast period.
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The major players in the global pressure washer market are Generac Power Systems, Inc., Koki Holdings Co., Ltd., Briggs & Stratton Corporation, FNA Group, Robert Bosch Power Tools GmbH, and Kärcher SE & Co. KG, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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