NEW YORK, Jan. 25, 2022 /PRNewswire/ -- The demand for car wash machines has been continuously on the rise globally. Improvements in economic conditions, rising disposable incomes, and increasing spending power of consumers have been contributing to the growing demand for car wash machines.
Customers in developing regions such as the APAC are becoming more machine-friendly. In addition, many technologically advanced countries including the US, Japan, and Australia are witnessing the deployment of automatic vehicle wash machines. The market is also witnessing an increase in the adoption of environmentally friendly products, driven by growing consumer awareness about limiting water consumption.
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Regional Market Analysis
With 44% of the growth originating from APAC, this region will record a faster growth rate during 2021-2026.
The rapid expansion in population and increasing demand for smart devices and luxury lifestyles among consumers are driving the growth of the car wash machine market in APAC. In addition, factors such as the growing shortage of water and the introduction of government regulations on water usage for car washing are forcing end-users to adopt efficient car wash machines, which is driving the regional market growth.
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Key Vendors and Vendor Strategies
AUTOBASE CAR WASH TECHNOLOGY Co. Ltd., Daifuku Co. Ltd., Dover Corp., Istobal SA, MK SEIKO Co. Ltd., National Carwash Solutions Inc., Otto Christ AG, Takeuchi Techno Co. Ltd., Tommy Car Wash Systems, and WashTec AG are some of the dominant players in the car wash machine market.
The car wash machine market is fragmented due to the presence of a large number of players. The vendors in the market are constantly adopting various organic and inorganic growth strategies to remain competitive in the market. Some vendors are focusing on new product launches and a few vendors are focusing on forming strategic alliances with other players in the market to remain competitive.
Dover Corp.: In October 2021, the company acquired LIQAL BV, a leading provider of LNG and hydrogen refueling equipment and solutions. In October 2021, the company launched a remote user interface for the SmartDate X30 thermal transfer overprinter.
AUTOBASE CAR WASH TECHNOLOGY Co. Ltd.: The company offers car wash machine products such as TEPO-AUTO, TEPO-AUTO-1201-1, and TP-701.
Daifuku Co. Ltd.: The company offers car wash machines by types such as Tunnel-type, Drive-through, Gate-type, and Large-scale.
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Key Market Drivers
Our analysts have extensively outlined the information on the key market drivers and their impact on the car wash machine market.
Vehicle wash systems are found extensively in developed countries such as the US, the UK, and Canada. However, such services are not much popular in India, China, and other developing countries. The availability of such services in these countries is limited to a few cities due to the lack of service providers. This is encouraging vendors in the market to concentrate on such untapped regions. Besides, many newly constructed gas stations and malls in developing countries are installing quick car wash systems to enhance customer satisfaction and services. This is further increasing the demand for car wash machines, which is driving the growth of the market.
To know about a few other market drivers, trends, and challenges,
Car Wash Machine Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 3.51%
Market growth 2022-2026
USD 666.79 million
YoY growth (%)
APAC, North America, Europe, South America, and MEA
Performing market contribution
APAC at 44%
Key consumer countries
China, US, Germany, UK, and India
Leading companies, competitive strategies, consumer engagement scope
AUTOBASE CAR WASH TECHNOLOGY Co. Ltd., Daifuku Co. Ltd., Dover Corp., Istobal SA, MK SEIKO Co. Ltd., National Carwash Solutions Inc., Otto Christ AG, Takeuchi Techno Co. Ltd., Tommy Car Wash Systems, and WashTec AG
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period.
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