Electric Power Washer: Key market research findings
- Growing focus towards developing electric power washers with enhanced features
- Increase in construction activities
Technavio has added a new market research report on the global electric power washer market, which is expected to grow at a CAGR of around 5% between 2016 and 2020. The growing interest of homeowners to spruce up backyards and the recent increase in the number of landscaping services will drive the global demand for electric power washers during the forecast period. The Americas dominate this market by occupying around 57% of the total market share. The prospects for growth in this region is driven by factors like the recent increase in personal income levels and the growth of the residential segment.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Currently, the market is witnessing the advent of several cutting edge technologies in the electric power washers. Consumers are opting for electric or battery-powered products, which has encouraged manufacturers to come up with improved functionalities in their products. For instance, Generac’s OneWash allows the user to adjust the water power as per their requirements through the engine throttle. Kärcher’s electric power washer has motors cooled by water which reduces motor noise and helps to extend the life of the motor,” says Faizan Akhtar, Lead Analyst, New Coverage, Technavio Research.
The increase in construction activity is the key driver for the growth of this market. The global construction market is predicted to show strong growth during the forecast period and is heavily influenced by factors like globalization, urbanization, infrastructure renewal, and the escalating needs of developing “megacities.” These factors aid in the growth of the housing sector, which in turn positively affects the demand for power washers in the residential end-user segment.
The leading vendors in the global electric power washer market include Simpson, Generac, Karcher, and Snowjoe. Though there are several vendors in the market with strong global presence, the domestic players have a larger share of the market due to their ability to develop innovative products, which can render the competitors’ products obsolete.
A more detailed analysis is available in the Technavio report, Global Electric Power Washer Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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