Over $38 billion car wash services market by type, payment method and region

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Global car wash services market

Global car wash services market

Global car wash services market

Dublin, May 10, 2022 (GLOBE NEWSWIRE) — The “Car Wash Services Market Size, Share and Trend Analysis Report by Type (Tunnels, Roll-over/In-Bay), by method of payment (cash, cashless), by The report “Region (North America, APAC) and Segment Forecasts, 2022-2030” has been added to from ResearchAndMarkets.com offer.

The global car wash services market size is expected to reach USD 38.61 billion by 2030, registering a CAGR of 3.1% over the forecast period. Consumer preference for professional vehicle wash services over home washing is increasing as the on-demand car wash trend continues.

A key trend among customers with hectic lifestyles and busy schedules is the shift from “DIY” to “DIY for me”. The concept of “all new, all the time” seems to have spurred the popularity of car washes, as automatic car washing has become the norm for vehicle owners over the past few decades. In the car care industry, new technologies and equipment have improved the car wash process, gained market share and raised customer expectations.

Additionally, the United States Census Bureau in 2020 estimated that over 70% of automobile owners in America started using car wash facilities instead of washing their car at home during the last decade (2011-2020). Every day, nearly 8 million vehicles are washed in car washes, according to estimates. Additionally, technological advancements are transforming the face of on-demand vehicle wash services. The primary goal of improving car wash technology is to reduce friction and manual vehicle preparation time, resulting in cleaner, drier vehicles in less time. Touchless and hybrid car washes are two technologies driving the company forward.

The COVID-19 pandemic has had a huge impact on the industry. At the height of the pandemic, most businesses were closed. New York State allowed car washes to resume in late April 2021, but only under severe conditions that limited the number of personnel allowed on site and prohibited in-person payment.

Additionally, the pandemic has brought about several significant improvements in the industry. To make it easier for tech-savvy consumers, car washes have started using smartphone apps and online reservation systems. Car washes are also starting to accept smartphone payments. For some customers, not processing virtual wallet payments can be a deal breaker in an increasingly cashless environment. Car washes that accept more payment methods than a credit card reader attract more customers and grow faster.

Highlights of the Car Wash Services Market Report

  • Professional vehicle wash services are good for the environment as they use two-thirds less water than home car washes

  • The roll-over/in-bay segment accounted for the largest share in 2021 and is expected to register a stable CAGR during the forecast period. Less operating costs, less installation space and low water consumption are some of the major factors driving operator demand for in-bay car washes

  • Cashless payments segment accounted for the highest share in 2021 and is expected to grow with a significant CAGR during the forecast period

  • The growth of the market is fueled by technological advancements in the banking sector, as well as an increase in the number of car wash providers that accept cashless payments.

  • North America held the largest market share in 2021. Changing business dynamics in the region, along with a large number of strategic alliances among industry competitors, are driving the regional market

  • For example, the International Car Wash Group (ICWG) purchased Village Express Car Wash in October 2020. With this acquisition, ICWG has positioned itself for further growth in the region.

Main topics covered:

Chapter 1. Methodology and scope

Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Payment Method Perspectives
2.3. Type Outlook
2.4. Overview of the region

Chapter 3. Car Wash Services Market Variables, Trends and Scope
3.1. Market overview
3.2. Mapping of penetration and growth prospects
3.3. Industry Value Chain Analysis
3.4. Market dynamics
3.5. Business environment analysis
3.6. Car wash services market roadmap
3.7. Market entry strategies
3.8. Impact of COVID-19 on the car wash services market

Chapter 4. Consumer Behavior Analysis
4.1. Demographic analysis
4.2. Consumer trends and preferences
4.3. Factors affecting purchase decision
4.4. Consumer Product Adoption
4.5. Observations and Recommendations

Chapter 5. Car Wash Services Market: Type Estimates and Trend Analysis
5.1. Analysis of type movement and market share, 2021 and 2030
5.2. Tunnels/Conveyor
5.3. Rollover/in the bay
5.4. Self service

Chapter 6. Car Wash Services Market: Payment Mode Estimates and Trend Analysis
6.1. Analysis of the movement of payment methods and market share, 2021 and 2030
6.2. Cash payment
6.3. Cashless payment

Chapter 7. Car Wash Services Market: Region Estimates and Trend Analysis
7.1. Regional movement analysis and market share, 2021 and 2030
7.2. North America
7.3. Europe
7.4. Asia Pacific
7.5. Central and South America
7.6. Middle East and Africa

Chapter 8. Competitive Analysis
8.1. Major Global Players, Recent Developments and Their Impact on the Industry
8.2. Categorization of main companies/competitors (key innovators, market leaders, emerging players)
8.3. Supplier Landscape

For more information about this report visit https://www.researchandmarkets.com/r/nh2suv

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