Car Wash Market to Grow at a CAGR of 6.7% during 2023-2031 | Exclusive Report by Transparency Market Research

PRESS RELEASE

Published March 20, 2023

WILMINGTON, DE / ACCESSWIRE / March 20, 2023 / Transparency Market Research Inc. - The global Car Wash Market stood at US$ 38.4 billion in 2022 and the global market is projected to reach US$ 68.9 billion by 2031. The global industry is anticipated to expand at a CAGR of 6.7% between 2023 and 2031. The global automotive industry is experiencing significant growth, with a rising number of cars on the road. This growth in the number of vehicles is expected to increase the demand for Car Wash services during the forecast period.

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Demand for car wash products is also increasing due to changing consumer preferences. Consumers are becoming more conscious of the importance of maintaining their vehicles to ensure their longevity and resale value. In addition, with the growing awareness of water conservation, there has been an increase in the adoption of eco-friendly Car Wash systems that use less water and fewer chemicals. This is another major factor that is expected to accelerate the market prospects in the forthcoming years.

Additionally, the advances in technology have improved the efficiency and quality of Car Wash services. For instance, new automatic Car Wash systems that use water recycling technology and advanced chemicals are more environmentally friendly and cost-effective.

Moreover, another technological advancement in the market includes the touchless Car Wash Systems, which use high-pressure water and specialized detergents to remove dirt and grime from a vehicle without the need for brushes or physical contact. The development of smart car wash systems is one of the major advancements, that use sensors and machine learning algorithms to optimize the cleaning process and reduce water usage. This factor is anticipated to accelerate the growth in the industry.

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Furthermore, the global market is expanding rapidly due to the growth of e-commerce, which has led to an increase in the delivery of goods, resulting in more delivery vehicles on the road. This has created an opportunity for Car Wash services to cater to the needs of businesses that require frequent cleaning and maintenance of their fleet.

Key Findings of the Market Study

Authorized service providers to account for bulk of all car wash services deployment. Authorized service providers ensure that water is preserved and groundwater pollution is reduced
By deployment, hybrid cloud car wash systems to be most sought after, due to its flexibility, accessibility, energy efficiency, and affordability.
Both interior and exterior car wash services to experience significant uptake in forthcoming years

Global Car Wash Market: Growth Drivers

The global Car Wash Market is projected to expand at a steady pace from 2023 to 2031 due to expansion of Franchising.
Franchising in the car wash industry has become increasingly popular due to the ease of replication and scalability.
The expansion of franchising has led to an increase in the number of Car Wash chains, making car washing more accessible to consumers.
Governments are increasingly imposing regulations on businesses to reduce their environmental impact. This has led to an increase in the adoption of eco-friendly car wash systems

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Global Car Wash Market: Regional Landscape

North America is expected to lead the global market. The regional market is expected to witness an exponential growth in the near future, attributed to the factors such as high rate of ownership, as well as large population. In addition, the presence of major car wash chains, such as Mister Car Wash and Autobell Car Wash, has also contributed to the growth of the market in the region.

Global Car Wash Market: Key Players

Some of the key market players in the global Car Wash Market:

Alfred Kärcher UK
American Carwash
Auto Spa
BEST CARWASH
British Land
Car Washer UK Ltd
GoWashMyCar Ltd.
IMO Car Wash
Henan Vomart Machinery Equipment co., LTD
ISTOBAL

Competitive Landscape

Prominent players in the Car Wash Industry are taking advantage of the rapidly increasing demand for the Car Wash. To further their outreach, players are relying on collaborations, partnerships and acquisitions with existing small, medium and large-scale providers. Some prominent market developments are as follows:

In February 2023, Splash Car Wash, a Connecticut-based car wash company, acquired the New York-based Knockout Car Wash to strengthen its presence in Albany, New York.
In April 2022, Henan Vomart Machinery Equipment co., Ltd., announced the launch of a new diesel steam Car Wash machine with a two-steam gun. This energy-saving machine produces more steam per watt. It is capable of adjusting steam pressure and temperature.
In 2020, Mister Car Wash, one of the largest car wash chains in the US, acquired Prime Shine Car Wash, expanding its presence in California.

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Global Car Wash Market: Segmentation

Type

Hand
Machine
Portal Wash
Tunnel Wash
Self-Service
Coin Operated
Others

Service Offering

Authorized Service Providers
Independent Service Stations

System Deployment

On-Premise Car Wash
Cloud Car Wash
Hybrid Cloud Car Wash

Type of Washing

Interior Washing
Exterior Washing
Others (Interior and Exterior)

Ownership

Private
Professional

Region

North America
Europe
Asia Pacific
Middle East & Africa
South America

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