Car & Truck Wash Market by Type of Washing (Interior and Exterior), Vehicle Type (Cars and Trucks), and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2020–2027

Car & truck washing is a process in which the exterior or sometimes interior of the vehicles such as cars and trucks is cleaned. These washes are performed with technologically smart equipment that ensure complete cleansing of the vehicle while wasting less amount of energy and water. 

Car & Truck Wash Market Analysis:

The car and truck wash market is predicted to witness notable growth mainly because of growing need for maintenance of the exterior and the interior of the vehicle as vehicles accumulate a lot of dirt particles that can damage the vehicle. The major driver in this market is the increasing number of vehicle sales globally. The major restraint in this market is the growing use of public transportation. Asia-Pacific region is anticipated to be most lucrative for the market investors.

The increasing number of vehicle sales globally is expected to foster the growth of the car and truck wash market

There is an increase in vehicle sales globally and as per International Organization of Motor Vehicle Manufacturers (OICA) the global sales of the vehicles was around 90 million units in 2019. There is need of professional services for maintenance and cleaning of vehicles rising as it consumes less water for cleaning in comparison to the personal washing of vehicles and prevents damage to the exterior surface when it is done by the professionals.

The growing use of public transport is estimated to restrain the growth of global car & truck wash market

The growing use of public transport in comparison to personal vehicle and shared mobility services as an alternative for personal vehicles is estimated to restrain the growth of global car & truck wash market. In addition, government bodies are promoting the use of ecofriendly mode of transportation to reduce pollution by vehicles. These factors can hamper the demand for car and truck wash market in the forecast period.

Increasing sales of vehicles in developing countries such is likely to provide lucrative opportunities for the car and truck wash market

As per "International Organization of Motor Vehicle Manufacturers" in 2019 around 35 million vehicles were sold in Asia. The rising number of vehicles in developing nations such as China and India are expected to need professional car washing services for the exterior or sometimes interior of the vehicles such as cars and trucks. These factors will help in expansion of car and truck wash market and open further growth opportunities.

Car & truck wash Market, by Type of washing:

Exterior sub-segment is anticipated to be most lucrative by 2027

On the basis of type of washing, the car and truck wash market are sub-categorized in to interior and exterior. The exterior washing subsegment is anticipated to dominate the market in the forecast period. Most of vehicle users go for exterior cleaning services provided by the car & truck wash professional services as the exterior surface is largely exposed to the dirt particles and require proper cleansing.

Car & truck wash Market, by Vehicle Type:

Cars sub-segment is anticipated to be the most lucrative in the forecast period

On the basis of vehicle type, the car and truck wash market can be divided into cars and trucks. The cars sub-segment is expected to be the most lucrative in the forecast period. The number of passenger vehicles around the globe is greater as compared to the number of trucks. This factor is expected to grow the cars sub-segment and contribute to the expansion of the car and truck wash market in the forecast period. 

 Car & truck wash Market, by Region:

North American region is expected to dominate the global car & truck wash market

North America region is predicted to have a major market share and continue its dominance in the forecast period, with a healthy CAGR. This growth is majorly due to the highly developed countries like U.S. and Canada having mature vehicle markets with early adoption of professional car and truck wash services.  As per the International Carwash Association founded in 1985 in USA, it is an association for car wash service providers, in mature markets such as North America the trend of vehicle owners taking the services of professional car and truck wash services instead of doing it themselves is prevalent. In the US, the percentage of vehicle owners getting a professional car wash has increased from approximately 48% in 1994 to more than 77% in 2019 as per International Carwash Association. This has enabled the expansion of the car and truck wash market in this region.

Asia-Pacific region is anticipated to lucrative opportunities for the market investors

Asia-Pacific region has a rapidly growing market and is anticipated to experience a remarkable growth in the forecast time.  The large no of vehicle production and sales in countries such as China, India, and Japan have increased the need for professional car and truck wash centers. As per the International Organization of Motor Vehicle Manufacturers, in 2019 around 35 million vehicles were sold in Asia.  These factors are estimated to boost the growth of the car and truck wash market in the region.

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Key Participants in the Global Car and Truck Wash Market:

Merger & acquisition and advanced product development are the frequent strategies followed by the market players

Source: Research Dive Analysis

Some of the significant car & truck wash market players are 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 and others.

Market players prefer inorganic growth strategies to expand into local markets. Car & truck wash market players are emphasizing more on merger & acquisition and advanced product development. These are the frequent strategies followed by established organizations. To emphasize more on the competitor analysis of market players, the porter’s five force model is explained in the report.