Published Date: 2018-03-19
Globally, the Pressure Washers industry market is low concentrated as the manufacturing technology of Pressure Washers is relatively matures than some high-tech equipment. And some enterprises, like Karcher, Nilfisk, Stihl, Briggs&Stratton, etc. are well-known for the wonderful performance of their Pressure Washers and related services. At the same time, China, occupied 43.15% production market share in 2016, is remarkable in the global Pressure Washers industry because of their market share and low cost of raw material and labor.
The consumption volume of Pressure Washers is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of Pressure Washers industry may not keep that fast. But it is surely forecasted that the market of Pressure Washers is still promising.
The product average price declined in the past few years due to the technology development, the average price will keep the trend in the few future years due to increasing mature manufacturing technology and lowing cost of raw materials.
The impact on the cost and availability of raw materials and certain components is uncertain due to potential supply changes. The costs of raw materials have a significant impact on the level of expenses. If the prices of raw materials and related factors such as energy prices increase, and if new companies cannot pass those price increases on to customers, their results of operations and financial condition would suffer.
With emerging economies growing faster, a strategy has been adopted by most leading vendors in the Pressure Washers market to approach these areas. QYR analysis of the Pressure Washers market indicated that North America would account for the highest sales in 2022 with close to 30 percent of global sales coming from this region, but Asia has the highest growth rate. Vendors recognize the importance of this region, particularly in China, and are working towards penetrating this market by strengthening their sales and distribution networks.
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