Car wash market size to grow by USD 5.01 billion from 2022 to 2027, Need for water-efficient products to boost growth - Technavio
NEW YORK, Oct. 30, 2023 /PRNewswire/ -- According to Technavio, the global car wash market size is estimated to grow by USD 5.01 billionfrom 2022 to 2027. The market is expected to grow at a CAGR of 3.07% during the forecast period, and the growth momentum will accelerate The need for water-efficient products is driving the market growth. The car wash industry consumes large amounts of water, depending on the type of wash. However, with the increasing water scarcity in many countries, the demand for water-efficient products has increased. The use of water-efficient products in the car wash industry helps conserve water resources, reduce water consumption, and save costs. Companies should use these products to comply with local water regulations and avoid fines. Such factors will drive the growth of the global market during the forecast period. For more insights on the historic data (2017 to 2021) and forecast market size (2023 to 2027) - Request a sample report
Car wash market ? Market dynamics
Major challenges hindering the market growth
The high initial investments required to set up car washing centers are hampering the adoption of car wash systems.
To set up a new car wash center, vendors have to invest significantly in equipment, real estate, construction, and other expenses.
Moreover, they have to cater to cars of different sizes and designs, which further increases costs.
Vendors also have to provide sufficient parking.
These requirements will hinder the growth of the global car wash market during the forecast period.
Insights on market drivers, trends, & challenges, historic period (2017 to 2021), and forecast period (2023 to 2027) - Request a sample report!
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Global competitiveness and key competitor positions
Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - buy the report!
Car wash market- Segmentation assessment Segment overview Technavio has segmented the market based on type (exterior and interior) and method (cloth friction car washing and touchless car washing).
The exterior segment will account for a significant share of the market growth during the forecast period. Users prefer exterior car washes to ensure thorough cleaning, restoration, and finishing of their vehicles. These services are usually offered through formats such as gantry car washes, conveyor tunnel systems, and self-service car washes.
Geography overview Based on geography, the global car wash market is segmented into North America, Europe, APAC, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global car wash market.
North America is estimated to account for 48% of the growth of the global market during the forecast period. The market in North America is mature and competitive, characterized by numerous small and independent operators as well as a few large national chains. Some of the key trends in the regional market are the adoption of new technologies and the development of eco-friendly practices. These factors will lead to the growth of the regional market during the forecast period.
Insights on the market contribution of various segments, including country and region wise, historic data (2017 to 2021), and forecast market size (2023 to 2027) - Download a sample report
Car wash market- Leading trends influencing the market
The adoption of environment-friendly vehicle wash systems is a key trend in the market.
Car washing is a water-intensive process that results in wastewater containing high concentrations of surfactants, oils, greases, waxes, and other toxins that are harmful to aquatic life.
Therefore, vendors are focusing on water conservation and environmental sustainability, which will lead to the development of an eco-friendly market.
Moreover, stringent laws and rising water prices have encouraged vendors to invest in process-integrated water reclamation systems.
Such factors will support the growth of the global market during the forecast period.
What are the key data covered in this car wash market report?
CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the car wash market between 2023 and 2027
Precise estimation of the size of the car wash market and its contribution to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the car wash market across North America, Europe, APAC, Middle East and Africa, and South America
A thorough analysis of the market's competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of car wash market vendors
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Car Wash Market Scope
Report Coverage
Details
Base year
2022
Historic period
2017-2021
Forecast period
2023-2027
Growth momentum & CAGR
Accelerate at a CAGR of 3.07%
Market growth 2023-2027
USD 5.01 billion
Market structure
Fragmented
YoY growth 2022-2023 (%)
2.8
Regional analysis
North America, Europe, APAC, Middle East and Africa, and South America
Performing market contribution
North America at 48%
Key countries
US, Canada, China, Germany, France,Mexico, Italy, Spain, India, Japan, Australia, and South Korea
Competitive landscape
Leading vendors, market positioning of vendors, competitive strategies, and industry risks
Key companies profiled
Autobell Car Wash Inc., Cactus Car Wash, Club Car Wash, Driven Brands Holdings Inc., GO Car Wash, Hoffman Development Corp., Magic Hands Car Wash, Mammoth Holdings LLC, Prime Car Wash LLC, Quick Quack Car Wash Holdings LLC, ScrubaDub Auto Wash Centers, SPEED CAR WASH, Splash Car Wash, Super Star Car Wash, SuperiorWash Inc., The London Carwash Co., Tommys Express LLC, True Blue Car Wash LLC, Wash Depot Holdings Inc., and Zips Carwash
Market dynamics
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Exhibit 133: ScrubaDub Auto Wash Centers - Overview
Exhibit 134: ScrubaDub Auto Wash Centers - Product / Service
Exhibit 135: ScrubaDub Auto Wash Centers - Key offerings
12.11 SPEED CAR WASH
Exhibit 136: SPEED CAR WASH - Overview
Exhibit 137: SPEED CAR WASH - Product / Service
Exhibit 138: SPEED CAR WASH - Key offerings
12.12 Splash Car Wash
Exhibit 139: Splash Car Wash - Overview
Exhibit 140: Splash Car Wash - Product / Service
Exhibit 141: Splash Car Wash - Key offerings
12.13 Super Star Car Wash
Exhibit 142: Super Star Car Wash - Overview
Exhibit 143: Super Star Car Wash - Product / Service
Exhibit 144: Super Star Car Wash - Key offerings
12.14 SuperiorWash Inc.
Exhibit 145: SuperiorWash Inc. - Overview
Exhibit 146: SuperiorWash Inc. - Product / Service
Exhibit 147: SuperiorWash Inc. - Key offerings
12.15 True Blue Car Wash LLC
Exhibit 148: True Blue Car Wash LLC - Overview
Exhibit 149: True Blue Car Wash LLC - Product / Service
Exhibit 150: True Blue Car Wash LLC - Key offerings
12.16 Wash Depot Holdings Inc.
Exhibit 151: Wash Depot Holdings Inc. - Overview
Exhibit 152: Wash Depot Holdings Inc. - Product / Service
Exhibit 153: Wash Depot Holdings Inc. - Key offerings
12.17 Zips Carwash
Exhibit 154: Zips Carwash - Overview
Exhibit 155: Zips Carwash - Product / Service
Exhibit 156: Zips Carwash - Key offerings
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 157: Inclusions checklist
Exhibit 158: Exclusions checklist
13.3 Currency conversion rates for USUSD
Exhibit 159: Currency conversion rates for USUSD
13.4 Research methodology
Exhibit 160: Research methodology
Exhibit 161: Validation techniques employed for market sizing
Exhibit 162: Information sources
13.5 List of abbreviations
Exhibit 163: List of abbreviations
About US Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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