Published Date : 25 Nov 19 | Views: 32 | Industry : Machinery & Equipment
Usage of Electric Pressure Washer in Car Washing To Propel Growth of Application Segment
Based on the product, the market is segmented into medium-duty, light-duty, and heavy-duty. Based on applications, the market is segregated into the residential, commercial, and industrial sectors. The industrial sector is witnessing high demand for Electric Pressure Washer, particularly in the automobile industry as it is extensively used in car washing, which is expected to propel the growth of the segment.
High Level of Spending Power in North America to Propel Growth of the Market
North America is anticipated to witness growth due to the high usage of grill washing, car washing, and patio washing. The consumers in the region have high spending power, which is contributing to the growth of the market. High demand in the Asia-Pacific region particularly in countries such as China and India is due to increasing disposable income and change in lifestyle, which is fuelling the growth of the market. Another reason contributing to the growth of the market is the increasing number of people buying properties.
Design Innovations and Product Development Expected to Boost Market Growth
Some of the key players operating in the Electric Pressure Washer market include Nilfisk, Karcher, Stihl, Bosch, Briggs&Stratton, TTI, Clearforce, Shanhai Panda, Clearforce, Makita, Zhejiang Anlu, FNA Group, Himore, Lavorwash, Alkota, EHRLE, Ousen, Zhejiang Xinchan, and Sun Joe. Market players are inclined to incorporate joint ventures and offer new design innovations along with promoting product development.
High Awareness among Population of Developed Countries regarding Usage of Electric Pressure Washer to Expand the Market Growth
The market is predicted to witness growth due to increasing demand in the residential and hospitality sector. Due to high awareness regarding the usage of electric powered pressure washer and its effectiveness, the market is projected to grow significantly. Increasing usage in cleaning buildings and car washing is likely to drive the growth of the Electric Pressure Washer market over the next few years. However, concerns regarding caution handling are likely to hamper the growth of the market. Apart from that, the availability of alternative options such as foam-based cleaning and sandblasting is anticipated to hinder the growth of the market.
For further information, check: https://www.qyrconsulting.com/reports/electric-pressure-washer-market