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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 billion from 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

Insights on market drivers, trends, & challenges, historic period (2017 to 2021), and forecast period (2023 to 2027) - Request a sample report!

What's New?

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). 

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.

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 

What are the key data covered in this car wash market report?

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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.

Browse for Technavio consumer discretionary market reports

Table of contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Type

7 Market Segmentation by Method

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

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.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio


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