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.
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. In the short term, owing to the 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, the 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, the adoption of technologically advanced systems that eliminate the
issues of friction and touch while washing the car while providing an enhanced
customer experience will offer lucrative opportunities for an 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.
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.
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.
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.