Car & Truck Wash Market: Introduction
According to the report, the global car & truck wash market is projected to surpass US$ 25.3 Bn by 2031, expanding at a CAGR of 4.5% during the forecast period. According to the statistics of the World Bank Group, GDP of the global population measured in terms of purchasing power parity has tripled in the past few decades. This increase in purchasing power of the global population has led to rise in sales of vehicles across the globe. The increase in sales of vehicles has boosted the volume of on-road vehicles across the globe, thereby propelling the global car & truck wash market.
The increase in environmental concerns is expected to drive the global car & truck wash market. According to the International Car Wash Association, a large amount of water is utilized during washing a car or truck at home, as compared to that used by a professional car & truck wash service center. The water used in case of washing a vehicle at home is directly dumped in the waste management line; however, in case of a professional car wash station, the water is recycled and reused, thereby conserving water. Therefore, governments across the globe, such as the U.S., Germany, the U.K., and Australia support car washing at professional car & truck wash stations.
Expansion of Car & Truck Wash Market
Dust, dirt, grime, salts, and harsh chemicals to which vehicles are exposed overtime cause the metal to corrode and hinder the efficiency of vehicles to operate at optimal level. These unwanted foreign elements are difficult to clean with a sponge or brush at home. Moreover, household cleaning of vehicles can lead to scratches on the surface of the vehicle, further damaging the vehicle’s exterior, thus fueling the demand for professional washing services. Consumers across regions, such as North America and Europe are increasingly preferring to have their vehicles washed at commercial automobile cleaning stations instead of doing it by themselves. Increase in awareness among the population, globally, about professional vehicle cleaning services and their benefits are driving the global car & truck wash market.
Stringent regulations pertaining to environmental pollution compels consumers to wash their vehicles at a professional car & truck wash facility. For instance, in Germany, regulations related to car washing are stringent. In case of the professional car & truck washing facility, wastewater is treated and recycled; however, in case of car wash at home, a large amount of water is wasted. This, in turn, deters customers to wash their vehicles at home, thus increasing the demand for professional car & truck washing services.
Regional Analysis of Car & Truck Wash Market
In terms of region, the global car & truck wash market has been divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is expected to be account for a major share of the global car & truck wash market, in terms of revenue. North America is a mature market, as consumers in the region prefer to use professional car & truck washing services instead of washing them at home. The population in North America has a high tendency to keep their vehicles clean. Rise in awareness regarding proper maintenance of vehicles among people of North America and increase in disposable income of people in the region led North America to account for a major share of the car & truck wash market.
Car & Truck Wash Market Players
Prominent players operating in the global car & truck wash market include Alfred Kärcher UK, American Car Wash, Fince Holding S.A, BEST CARWASH, British Land, Car Washer UK Ltd., GoWashMyCar Ltd., IMO Car Wash, ISTOBAL, KKE Wash Systems, Max Car Care, Motor City Wash Works, Mr. Wash, PECO Car Wash Systems, Prestige Car Wash Equipment, Shiny Car Wash Limited, Spiffy, TopWash Car Care GmbH, Ultimatecarwash, WashTec Cleaning Technology GmbH, Washworld, Inc., and Wilcomatic.
Global Car & Truck Wash Market: Segmentation
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Transparency Market Research
90 Sate Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453