The
global Car Wash Service Market size is expected to reach
USD 41.1 billion by 2025, according to a new report by Grand View Research,
Inc., registering a 3.2% CAGR over the forecast period. Growing trend of
vehicle maintenance in order to boost its resale value is expected to boost the
demand for car wash services in the coming years. Harmful chemicals that
accumulate on the vehicle over time can cause the metal to corrode. These
deposits are difficult to remove by merely cleaning with a sponge or brush.
Moreover, these household cleaning products could result in scratches on the
surface of the vehicle, further damaging the vehicle’s exterior. As a result,
consumers prefer and trust professional car wash services. In addition, the
hassle of self-cleaning is avoided thanks to such amenities.
As
per International Carwash Association (ICA), there has been a steady decline in
home vehicle washes in the past 18 years. In 1996, 47.6% consumers preferred
washing their vehicles at home whereas in 2014, only 28.4% consumers opted for
the same. This significant shift is owing to benefits such as speed,
convenience, and efficiency offered by professional car wash operators. Growing
consumer discretionary spending in certain countries is also expected to
support market growth. Increasing awareness regarding wastage of water by
washing vehicles at home is giving the market a major boost.
However,
strict government regulations regarding water usage in professional vehicle
washing services act as a restraint for market growth. For instance, in
California, car wash services are required to reuse 50% of the water used
during a car wash. To adhere to this requirement, operators are compelled to
use zero-degree nozzles, which results in added cost of investment and lower
profit margins. Nevertheless, some operators see this as an opportunity to go
green and are turning to waterless cleaning practices. Self-service vehicle
washing is highly popular among consumers who prefer to wash their vehicles by
themselves. Flexibility on usage of foam, water, brush, and other equipment for
car wash and payment only for the amenities they use are some of the factors
behind the rising popularity of this service.
The
market in Middle East and Africa is estimated to witness steady growth over the
forecast period owing to increasing number of cars and improving economic
conditions in numerous countries in the region. With a ban on washing vehicles
in public spaces in several countries in the region, there is more scope for
professional car washes. Scarcity of water in the region has also compelled
operators to introduce innovative eco-efficient car wash techniques.
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report summary: Car Wash Service Market Report
Car
Wash Service Market Report Highlights
- The self-service segment
accounted for the second-largest market share in 2018 and will also
register steady growth over the forecast period. Flexibility on usage of
cleaning supplies and payment only for the amenities used are some of the
factors driving the popularity of this service
- The roll-over/in-bay
segment held the largest revenue share in the market in 2018 thanks to low
operating cost and less space required for installation. The segment is
anticipated to retain its lead through 2025
- North America is the
largest and most mature market for car washing solutions, with U.S.
accounting for more than 43.0% of the global revenue in 2018. More than 2
billion cars are washed in the region each year
- Some of the key players
operating in the global car wash services market are 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; and Wash Depot Holdings Inc.
About Us:
Grand View Research,
Inc. is a U.S. based market research and consulting company, registered in the
State of California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, the company offers
market intelligence studies ensuring relevant and fact-based research across a
range of industries including technology, chemicals, materials, healthcare and
energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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