LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global pressure washer market 2017-2021 report. This market research report also lists 16 other prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
According to the research analysis, the global pressure washer market is highly competitive, with several global and regional vendors competing in the market. The competition is heightened due to the lack of product differentiation and low pricing strategy of many vendors. Pressure washers are extensively used in residential, commercial, and industrial cleaning applications. The adoption of pressure washers has been growing worldwide as they help increase the efficiency of cleaning operations.
Most of the vendors are concentrated in the US and Europe, which are also the biggest markets for pressure washers. In addition, some of these vendors operate as cleaning services contractors or rent the pressure washers, which is a commonly prevalent practice in European countries.
According to Gaurav Mohindru, a lead tools and components research analyst from Technavio, “The developed countries are the most favored market for pressure washer vendors, due to the widespread popularity of the DIY and services sectors in these countries. These companies consider investment in countries without an established DIY market to be risky. Therefore, many vendors are not willing to invest in regions that do not have established markets or considerable demand for pressure washing equipment.”
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Technavio market research analysts identify the following key vendors:
Alfred Kärcher
Alfred Kärcher is a leading manufacturer and distributor of cleaning systems, cleaning products and services for consumers as well as professionals. The company operates through its three subsidiary companies which are WOMA, Ringler, and CleanPark. The company's cleaning products are divided into two broad categories, comprising of Home & Garden products and Professional products.
Briggs & Stratton
Briggs & Stratton is the largest manufacturer of internal combustion engines for power equipment. The company is also a leading designer and manufacturer of power generators, pressure washers, and lawn and garden maintenance products. It has ten brands under its portfolio and operates in over 100 countries.
FNA Group
FNA Group is a dedicated manufacturer and distributor of pressure washing equipment and accessories, including pressure washer pumps, hoses, and replacement parts. The company sells its products through its four brands and equipment to other companies through its OEM Industries business. It has a presence across four continents. It also manufactures customized products to meet customers' requirements.
Generac Power Systems
Generac Power Systems is one of the biggest manufacturers of home backup generators. The company designs and manufactures portable, residential, commercial, and industrial generators and pressure washers. It uses its own horizontal-shaft engines to manufacture its pressure washers, which gives it high control over the cost.
Nilfisk Group
Nilfisk Group is a leading vendor in the professional cleaning equipment industry. The company sells its products under seven distinct brands across the world. It has 16 manufacturing sites across nine countries and has sales in 45 countries. The company's target end-user segments are professional users, which accounted for about 90% of its revenue share.
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