ID: MRFR/AM/8122-CR | May 2020 | Region: Global | 164 pages
Car Wash Machine Market Overview
Market Research Future (MRFR) predicts the Global Car Wash Machine Market to reach USD 3.18 Billion with a CAGR of 5% CAGR from 2018 to 2025 (forecast period).
Car wash systems are systems that are used to clean the exterior and interior of cars. They make it easier to wash and clean cars. The growth of the automotive industry is contributing to a rise in demand for car wash systems. There are various types of products, like conveyor, in-bay and self-serve machines. These machines are used to wash different types of vehicles, such as cars, buses, trucks, and vans.
COVID-19 Impact on the Global Car Wash Machine Market
The industry is predicted to experience a slight slowdown in the current year as a consequence of the global outbreak of a novel coronavirus pandemic. Manufacturing activities are at a standstill due to labor shortages and work-from-home initiatives. This has generated a drop in demand from the end-use industries.
Manufacturers in the market are now investing in components such as jet sprays, automation, and regulators to increase the performance of components. These manufacturers are investing in innovative solutions to reduce the cost of the overall product assembly and improve their profitability in the market. For example, in October 2018, PDQ Manufacturing, Inc. introduced a highly cost-effective Tandem Surfline Vehicle Wash System based on in-bay automatic technology. The technology used for production has made considerable progress. Most manufacturers are mainly using automated technology and multi-vehicle type washing cabins to gain a competitive advantage.
Consumers tend to use innovative and advanced technologies for the improved experience in the comfort of car washing services over conventional ones during the forecast period. Consumers give preference to higher product deliverability, performance, and reliability for car wash machinery. Different types of vehicles with different sizes can have different specifications for cabin washing requirements. Customers in the global market are mainly looking for advanced quick car wash centers based on automation technology. As a result, manufacturers concentrate on offering advanced automatic services in order to stay competitive.
Notable players in the global car wash machine market are Daifuku Co., Ltd, WashTec AG, Istobal, and Otto Christ AG. Some of the other players include Belanger, Inc., National Carwash Solutions, Takeuchi Techno Shanghai CO., LTD, MKSEIKO CO., LTD, Tommy Car Wash Systems, Autobase Car Wash Technology Co., Ltd, Zonyi Auto Equipment Group, Broadway, Autoequip Lavaggi Srl, Qingdao Risense Mechatronics Co., Ltd, Tammermatic Oy, Washworld, Inc., PDQ Manufacturing, Inc., Oasis Car Wash Systems, PECO Car Wash Systems, D&S CAR WASH EQUIPMENT CO., Shaoxing Zhongli Machinery Plant, AUTEC, Inc., Coleman Hanna, Motor City Wash Works Inc., and ATS Elgi Limited.
The global car wash machine industry has been segmented by type and application.
By type, the commercial segment to capture the highest market share
The commercial segment accounted for a large share in the global car wash machine market over the forecast period. The commercial section includes tunnel car wash systems, in-bay automatics car wash systems, and self-serve car wash systems. Increasing demand for quicker and more efficient car wash services is expected to boost demand for commercial machines.
By application, passenger cars to attain a significant share
Passenger cars accounted for a significant share of the global car wash machine market in 2018. The growth in demand for passenger cars due to an increase in population and an increase in buying power is projected to increase the share of the passenger car segment. In addition, the convenience of automated car washes, relatively low costs, and the increasing preference of car owners to wash their cars in less time contribute to the growth of the industry. The need for a car wash to protect the exterior finish of the vehicle is expected to boost the global market during the review period.
Europe to dominate the global market
Europe comprises Germany, France, the United Kingdom, Russia, Italy, and the rest of Europe. The region is one of the biggest markets for luxury and premium vehicle manufacturers. The involvement of numerous key automotive firms, increased sales of new cars, increased availability of water-based solvents, advances in car wash technology, customer awareness of vehicle maintenance, and increased investment in the product will improve regional revenue during the forecast era. As per the International Trade Centre Statistics of 2018, there has been a rise in the export volume of vehicles across Europe, which is anticipated to grow product demand.
North America to witness strong growth
North America is made up of the United States, Canada, and Mexico. North America has seen strong growth; it is expected to see steady growth over the projected period. These countries have a comparatively larger number of premium and luxury passenger cars, which have secured a significant market share for car wash machines. Increased demand for the improved esthetic appeal of vehicles is expected to increase the number of automotive repair shops and service stations, and rising customer awareness of maintenance and washing is expected to increase product demand. The International Carwash Association, Inc. works with manufacturers of products for the development, efficiency, and integrity of machines.
The reach of the car wash machine is projected to increase in North America, with increased demand for automobiles, especially in the US. The increasing number of collaborations between manufacturers and company-authorized service centers, together with rising awareness of the product advantages of maintaining cars even in the midst of the effects of sun, snow, and other harmful factors, are anticipated to propel the growth of the market in this area. In addition, the rising demand for preventive measures to keep cars and vehicles in a safe and functional condition together with the number of manufacturers and service providers in autonomous, connected, shared, electrified cars and increasing investment in the automotive sector to develop new technologies is expected to contribute to the growth of the North American market during the forecast period.
The global car wash machine market is intensely fragmented due to the presence of a large number of players in the market. Many industry players are making developments to separate themselves from their competitors.
This research report explores vital drivers, constraints, and challenges in the global car wash machine market, regional and segment revenue estimates and assessments. The base year is 2018; the projection period is 2018-2025. The segmentation of the industry is described in the following manner.
|Market Size||2030: Significant Value|
|CAGR||5% CAGR (2022-2030)|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Belanger, Inc., National Carwash Solutions, Takeuchi Techno Shanghai CO., LTD, MKSEIKO CO., LTD, Tommy Car Wash Systems, Autobase Car Wash Technology Co., Ltd, Zonyi Auto Equipment Group, Broadway, Autoequip Lavaggi Srl, Qingdao Risense Mechatronics Co., Ltd, Tammermatic Oy, Washworld, Inc., PDQ Manufacturing, Inc., Oasis Car Wash Systems, PECO Car Wash Systems, D&S CAR WASH EQUIPMENT CO., Shaoxing Zhongli Machinery Plant, AUTEC, Inc., Coleman Hanna, Motor City Wash Works Inc., and ATS Elgi Limited|
|Key Market Opportunities||Growth of the automotive industry|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
The estimated value of the global car wash machine market is USD 3.18 billion by the end if 2025.
The projected CAGR of the global wash machine market is 5% during the review period.
As per the study, Europe is estimated to dominate the global market. North America attains the second position.
The increasing demand for the automotive industry is estimated to be one of the most significant factors leading to market expansion.
The notable players of the global car wash machine market are Daifuku Co., Ltd, WashTec AG, Otto Christ AG, and Istobal. Some of the other players include National Carwash Solutions, MKSEIKO CO., LTD, Tommy Car Wash Systems, Takeuchi Techno Shanghai CO., LTD, Autobase Car Wash Technology Co., Ltd, Belanger, Inc., Zonyi Auto Equipment Group, Broadway, Qingdao Risense Mechatronics Co., Ltd, Tammermatic Oy, Washworld, Inc., PDQ Manufacturing, Inc., PECO Car Wash Systems, Coleman Hanna, Autoequip Lavaggi Srl, D&S CAR WASH EQUIPMENT CO., Shaoxing Zhongli Machinery Plant, AUTEC, Inc., Motor City Wash Works Inc., Oasis Car Wash Systems, and ATS Elgi Limited.