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Automatic Car Wash Market (Type - Self-service, Exterior Rollover, and Exterior Only; Component - Drives, Motors, Pumps, Dryers, Foamer Systems, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : August, 2020

  • Rep Id : AT00184

  • Category : Automotive, Aerospace & Defence

  • Status : Published

A recent report published by Infinium Global Research on the automatic car wash market provides an in-depth analysis of segments and sub-segments in the global as well as regional automatic car wash market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional automatic car wash market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast, and dollar values of global automatic car wash market. According to the report, the global automatic car wash market is projected to grow at a CAGR of 3.6% over the forecast period of 2020-2026.

 

Market Insight

Automatic car washing is one business segment that has definitely experienced fluctuation due to rising preferences from customers. Automatic car wash system operated by sensors and moving operations done by conveyors. It helps to remove brake dust and oxidation. The benefits offered by automatic car wash such as manpower reduction minimizes the chance of surface damage, proper utilization of water and foam, and reduces the time of washing processes escalate the demand from the customer. Additionally, the current concern over the spread of coronavirus pandemic is less likely to impact the automatic car wash market. For the short term, owing to enforcement of lockdown and social distancing in numerous countries has resulted in a slowdown in the demand for an automatic car wash. Further, the COVID-19 crisis leads to hygiene, consumer awareness, and increasing preferences for automated operation. Additionally, emergence of touchless and waterless car washing services along with growing, rising preferences for professional car cleaning services will propel the demand for an automatic car wash.  

 

The global automatic car wash market has been witnessing substantial growth since the past few years owing to increasing consumer awareness, growing purchasing power, and rapid growth in the automotive sector. The benefits offered by automatic car wash over manually operating car wash such as effective output, comparatively low cost, and consistency in operation have boosted its demand over the past few years. Further, convenience associated with automatic car wash along with rising consumer demand for car wash services in minimum time will propel the demand for market growth. However, the high operational costs associated with automatic car wash and equipment required for frequent maintenance for effective operation may hamper the market growth. Furthermore, adoption of technologically advanced systems which eliminate the issues of friction and touch while washing the car while providing an enhanced customer experience will offer lucrative opportunities for automatic car wash in the near future. 

 

Among the geographies, the North America region is expected to hold the largest share in the global automatic car wash market owing to the growing adoption of technology advancements system and increasing adoption of automation. The United States and Canada are anticipated to be the major revenue contributors in the North American markets. Furthermore, Asia Pacific region is projected to grow at the fastest rate in the global automatic car wash market during the projection period, owing to rapid economic developments and the increase in the sales of automotive are anticipated to drive the automatic car wash market in the Asia Pacific region.

 

Segment Covered

The report on the global automatic car wash market covers segments such as type, and component. On the basis of type, the sub-markets include self-service, exterior rollover, and exterior only. On the basis of components, the sub-markets include drives, motors, pumps, dryers, foamer systems, and others.

 

Companies Profiled:

The report provides profiles of the companies in the market such as 7 Flags Car Wash, Autobell Car Wash, Brown Bear Car Wash, Delta Sonic Car Wash Corporation, Goo Goo Car Wash Inc., Istobal S.A., AUTEC Car Wash Systems, Coleman Hanna Car Wash Systems, Washworld Inc., and Others.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the automatic car wash market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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