Future Of Car Wash Service Market With CAGR Growth Forecast Till 2025 |Grand View Research, Inc.
The global carwash 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.
Major market players include 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.
Browse Research
Report On car wash service Market:
Dirt, grime, and harsh chemicals that accumulate on
a 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.
Further key findings from the report suggest:
·
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.
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.
Browse Press
Release of this report:
Grand View Research has segmented the
global car wash services market on the basis of type:
Car Wash Service Type Outlook
(Revenue, USD Million, 2015 - 2025)
·
Tunnels
·
Roll-over/In-Bay
·
Self-Service
By type, the car wash service market is
segmented into tunnels, roll-over/in-bay, andself-service. Roll-over/in-bay car
wash services account for the largest share in the market and the trend is
expected to continue over the forecast period. The segment is also estimated to
register the fastest growth from 2019 to 2025. Low operating cost, less space
required for installation, and low water consumption are some of the major
factors driving demand for in-bay car wash among operators. In general, in-bay
services use 10-50 gallons of water per car whereas tunnel services use 14-60
gallons of water. Consumers also are more inclined toward automated in-bay car
wash services as they cost less and the process is much faster and more
efficient.
About Grand View Research
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, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
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