Extensive information on factors estimated to affect the Car Wash Services Market growth and share during the forecast period is presented in the report. The competitive landscape analysis on the market, as well as the qualitative and quantitative information, is delivered. The report offers the present scenario and future growth prospects of the market in various geographical regions. Moreover, the report encompasses several factors that have contributed to the growth of the overall market in recent years.
Car Wash Services Market Overview
The global car wash services market size was valued at USD 27.8 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 3.8% from 2021 to 2028.
A car wash is a service used to clean the exterior and interior of vehicles. Car washes can be performed self-serve, fully automated, or full-service with attendants. It facilitates cleaning and easy washing of the automobile. There are several items used for car washing like blowers or dryers, Brushes, Conveyor/tunnel carwash equipment, Air compressors, Applicator pump stations, Conveyors, High-pressure equipment, Pump stands/racks, etc. Car wash is fully automated with different stages of shampooing, rinsing, washing, and drying.
Growing consumer interest in automobile maintenance, increasing need for convenience and a wider range of budget and luxury options are some of the factors that have supported long-term expansion for Car Wash Services Market.
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Covid-19 has had a financial impact on the car wash service sector, and major competitors are attempting to capitalize on the industry's disruption through mergers and acquisitions, either on their own or with the help of M&A advice firms.
Car Wash Services Market Regional Analysis
North America dominated the car wash service market and accounted for the largest revenue share of 50.3% in 2020. This development can be attributed to increased consumer spending on comfort and leisure, as well as the widespread use of professional vehicle wash services. More than 72% of drivers in the United States use professional car wash services on a regular basis, with conveyor car wash being the most profitable service.
Car Wash Services Market Competitive Landscape
Key Players
- Splash Car Wash
- Zips Car Wash
- International Car Wash Group (ICWG)
- Autobell Car Wash
- Quick Quack Car Wash
- Super Star Car Wash
- True Blue Car Wash
- Magic Hands Car Wash
- Hoffman Car Wash
- Wash Depot Holdings Inc.
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Car Wash Services Market Recent Developments
- October 20, 2020, The International Car Wash Group (ICWG), the world’s largest local car wash company, announced its acquisition of in & Out Car Wash in Carrollton, Texas has been completed. This acquisition further strengthens ICWG’s network of washes in the Dallas-Fort Worth Metroplex, which has grown to include 12 locations.
- October 8, 2020, The International Car Wash Group (ICWG) recently announced the acquisition of Sudsy’s Car Wash, a thriving business with three locations in the southern suburbs of Nashville, Tennessee, according to a company press release.
Reasons to Acquire in the Car Wash Services Market
- Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
- Gain authentic and granular data access for Car Wash Services Market so as to understand the trends and the factors involved behind changing market situations
- Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
- In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
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Frequently Asked Questions
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What is the compound annual growth rate (CAGR) of the Car Wash Services Market?
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