Car and Truck Wash Market by Washing Type and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR70972
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The car and truck wash market has the potential to grow by USD 5.82 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 2.92%.

This car and truck wash market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by washing type (exterior and interior) and geography (North America, Europe, APAC, MEA, and South America). The car and truck wash market report also offers information on several market vendors, including Alfred Karcher SE and Co. KG, Car Washer UK Ltd., Fince Holding SA, GoWashMyCar Ltd., International Car wash Group Ltd., Istobal SA, KKE Wash Systems, Splash Car Wash, and Zips Express Wash among others.

What will the Car and Truck Wash Market Size be in 2021?

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Car and Truck Wash Market: Key Drivers and Trends

The increased adoption in untapped regions is notably driving the car and truck wash market growth, although factors such as high initial investments for setting up car wash equipment may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the car and truck wash industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

This car and truck wash market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Car and Truck Wash Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Alfred Karcher SE and Co. KG
  • Car Washer UK Ltd.
  • Fince Holding SA
  • GoWashMyCar Ltd.
  • International Car wash Group Ltd.
  • Istobal SA
  • KKE Wash Systems
  • Splash Car Wash
  • Zips Express Wash

 

This statistical study of the car and truck wash market encompasses successful business strategies deployed by the key vendors. The car and truck wash market is fragmented and the vendors are deploying growth strategies such as the implementation of advanced technologies to create innovative products to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The car and truck wash market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Car and Truck Wash Market?

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48% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for car and truck wash in North America. However, the market growth rate in this region will be slower than the growth of the market in APAC and South America.

The extensive expenditure made by the Americans on car wash services and the rising sales of passenger cars will facilitate the car and truck wash market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Washing Type Segments in the Car and Truck Wash Market?

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The car and truck wash market share growth by the exterior segment will be significant during the forecast period. A crucial factor supporting the market growth by the exterior segment is the provision of a plethora of services such as steam cleaning, wax polishing, gloss polish, glass cleaning, and pressure cleaning in the exterior car wash by the car wash vendors.

This report provides an accurate prediction of the contribution of all the segments to the growth of the car and truck wash market size and actionable market insights on post COVID-19 impact on each segment.

 

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What are the Key Factors Covered in this Car and Truck Wash Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive car and truck wash market growth during the next five years
  • Precise estimation of the car and truck wash market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the car and truck wash industry across North America, Europe, APAC, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of car and truck wash market vendors

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Car And Truck Wash Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 2.92%

Market growth 2021-2025

$ 5.82 billion

Market structure

Fragmented

YoY growth (%)

2.54

Regional analysis

North America, Europe, APAC, MEA, and South America

Performing market contribution

North America at 48%

Key consumer countries

US, Germany, China, France, and Canada

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Alfred Karcher SE and Co. KG, Car Washer UK Ltd., Fince Holding SA, GoWashMyCar Ltd., International Car wash Group Ltd., Istobal SA, KKE Wash Systems, Splash Car Wash, and Zips Express Wash

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Washing type

    • Market segments
    • Comparison by Washing type
    • Exterior - Market size and forecast 2020-2025
    • Interior - Market size and forecast 2020-2025
    • Market opportunity by Washing type

    Customer landscape

    • Customer landscape

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • North America - Market size and forecast 2020-2025
    • Europe - Market size and forecast 2020-2025
    • APAC - Market size and forecast 2020-2025
    • MEA - Market size and forecast 2020-2025
    • South America - Market size and forecast 2020-2025
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Overview
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Alfred Karcher SE and Co. KG
    • Car Washer UK Ltd.
    • Fince Holding SA
    • GoWashMyCar Ltd.
    • International Car wash Group Ltd.
    • Istobal SA
    • KKE Wash Systems
    • Splash Car Wash
    • Zips Express Wash

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
    Technavio

    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
    Technavio

    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
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    The car and truck wash market growth will increase by $5826.75 million during 2020-2025.
    The car and truck wash market is expected to grow at a CAGR of 2.92% during 2020-2025.
    Technavio has segmented the car and truck wash market by other1 (Exterior and Interior) and geographic (North America, Europe, APAC, MEA, and South America).
    Alfred Karcher SE and Co. KG, Car Washer UK Ltd., Fince Holding SA, GoWashMyCar Ltd., International Car wash Group Ltd., Istobal SA, KKE Wash Systems, Splash Car Wash, Zips Express Wash are a few of the key vendors in the car and truck wash market.
    North America will register the highest growth rate of 48.38% among the other regions. Therefore, the car and truck wash market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
    The key factors driving the car and truck wash market growth are:
    • Increased adoption in untapped regions
    The car and truck wash market vendors should focus on grabbing business opportunities from the segment as it accounted for the largest market share in the base year.
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