The global car wash service market is set to register a CAGR of 3.2% during the forecast period, according to the new report by Grand View Research, Inc. Lately, car wash has become fully automatic and has a limited human intervention. Automatic car washing entails the use of high-powered water jets and strong detergents. Drive-in, scrub, blast, touch up, and dry rinse wax are the different stages a car undergoes while the automatic car washing procedure. Modern automatic systems are used for both exterior and interior of vehicles.
Modern automatic car wash saves water, retain the car’s paint, and reduce groundwater pollution. Heavy investments and technological advancement in car wash systems also add to the car wash system market. There is a growing need for professional car cleaning companies, which are capable of delivering flawless car cleaning. So, there is unprecedented demand for a reliable and professional cleaning brand and will further grow over the forecast period. Besides, other factors responsible for the growth of the market include increasing new car registrations, a continuous rise in industrialization, lower interest rates on loans, and a decline in gasoline prices. Increase in the installation of automated and mechanized car wash systems is further boosting the market expansion. Consumers have become machine savvy. Hence, there is anticipated to be a growth in the car washing system industry during the forecast period.
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Covid-19 Effect:
The nation-wide lockdown, movement restrictions, and travel bans, in every part of the world, to curb the spread of COVID-19 infection, are believed to have adversely affected many industries. Subsequently, all companies are revising their business strategies and finances to strengthen their foothold over the forthcoming period. Improved business model expedited amid COVID-19 lockdown will expand further market growth. Several automakers have introduced doorstep vehicle servicing to offer customers a suitable vehicle servicing facilities from the safety of their homes.
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Further findings from the report suggest:
- Among the type segment categorizations, Roll-over/in-bay car wash services held the largest revenue share in the industry and the trend is projected to continue during the forecast period. The segment is also anticipated to register the fastest growth by 2025 due to less space required for installation, low operating costs, and low water consumption
- North America dominated the regional segment in 2019 and this trend is likely to continue in the coming years. North America is a mature market attributed to the high preference of the regional consumers for automated car washing services
Major Players:
- Mister Car Wash
- Zips Car Wash
- International Car Wash Group (ICWG)
- Autobell Car Wash
- Quick Quack Car Wash
- Super Star Car Wash
- True Blue Car Wash
- Magic Hand Car Wash
- Hoffman Car Wash
- Wash Depot Holdings Inc.
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research Guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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