Car Wash System Market Size, Share Global Analysis Report, 2020–2026

Industry Insights

[190+ Pages Report] According to the report published by Facts Factors, the global car wash system market size was worth around USD 5,207 million in 2019 and is predicted to grow to around USD 6,400 million by 2026 with a compound annual growth rate (CAGR) of roughly 4% between 2020 and 2026. The report analyzes the global car wash system market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the car wash system market.

This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the car wash system industry. The report analyzes and declares the historical and current trends analysis of the car wash system industry and subsequently recommends the projected trends anticipated to be observed in the car wash system market during the upcoming years.

The car wash system market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire car wash system market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of value (USD Million) from FY 2016 – 2026.

Key Insights from Primary Research

• As per our primary respondents, the car wash system market is set to grow annually at a rate of around 4%.
• After conducting extensive interviews with C-level executives operating in the automotive industry, we analyzed that the global market tends to incline towards the automatic car wash system by the end of 2026.
• Based on region, North America held the largest share in the global market and according to our primary respondents this region is expected to bolster even more in the upcoming years.
• The commercial car wash category, on the basis of type segmentation, was the leading revenue-generating category accounting for around 62% share, in 2019.
• On the basis of application, the passenger car category held the leading share at more than 67%, in 2019.

Key Recommendations from Analysts

• As per our analyst, the North America market accounted for 42% of the total value of the global car wash system industry in 2019, and the industries in these regions are expected to focus more on advertising and R&D of their product.
• Based on the analysis done by our team, the global car wash system market is expected to reach around USD 6,400 Million by 2025.
• Our analysts have identified commercial car wash and passenger car categories as the leading investment pockets for the car wash system market in terms of type and application segmentation respectively.
• The Asia Pacific is expected to be the fastest-growing market for the car wash system by the end of the forecast period. Owing to the presence of big automotive companies present in this region, especially in China, Japan, and India. Moreover, the inclination of this region towards the automatic car wash system is also playing a key role in the growth of this region.
• The significant CAGR of nearly 4% observed by the car wash system market is set to bring lucrative opportunities for the new players planning to enter the market. Some of the key opportunities include decreasing product costs, rising profit margins, and availability of cheaper labor costs.

Market Attractiveness – By Application

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the car wash system industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the car wash system industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the car wash system market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the car wash system industry. The car wash system market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the car wash system sector. Key strategic developments in the car wash system market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the car wash system market are appropriately highlighted in the report.

The car washing system maintains the external appearance of a car clean and prevents rust, corrosion and reduces fine scratches. In-car wash system, a car is left at the starting point of a conveyor. Sensors in a car wash system detect the vehicle and transfer the vehicle to the washing point. A car wash system is composed of components such as a conveyor belt system, water sprinklers, and dryers.

The technological advancement, supported with massive investment in the car wash system is anticipated to drive the growth of the automatic car wash industry. Furthermore, growing awareness related to professional car cleaning services, coupled with the loyalty program offered by car wash service providers and the emergence of waterless and touch-less washing is anticipated to bolster the car wash service market even further. Additionally, growing inclination towards customized services such as foaming options, fragrance choice, and other services provided by the car wash service providers will further fuel the growth of the car wash service industry.

The car wash system market research report delivers an acute valuation and taxonomy of the car wash system industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the car wash system industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the car wash system industry is provided for the leading economies of the world.

The car wash system market is segmented based on Type and Application.  On the basis of type segmentation, the market is classified into a household car wash system and commercial car wash system. In terms of Application segmentation, the market is bifurcated into a passenger cars and commercial cars.

Report Scope

Some of the essential players operating in the Car Wash System market, but not restricted to include

• WashTec AG
• DAIFUKU CO. LTD.
• Otto Christ AG
• Istobal SA
• Ryko Manufacturing Company
• MK SEIKO CO.
• D&S Car Wash Equipment CO. LTD
• Tommy Car Wash Systems
• Takeuchi Techno Shanghai Co. Ltd.
• AUTOEQUIP LAVAGGI
• AUTOBASE CAR WASH TECHNOLOGY (LANGFANG) CO. LTD.
• Belanger Inc.
• PECO Car Wash Systems
• Zonyi Auto Equipment Group
• Nanjing Haitian Car Wash Machinery Co. Ltd
• Broadway Equipment Company
• Qingdao Risense Mechatronics Co. Ltd
• Washworld Inc.
• PDQ Manufacturing Inc.
• TammermaticOy
• Coleman
• and Others

The taxonomy of the car wash system market by its scope and segmentation is as follows:

By Type Segmentation Analysis

• Type Household Car Wash System
• Commercial Car Wash System.

By Application Segmentation Analysis

• Passenger Car
• Commercial Car

By Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa