The global automatic car wash machine market is expected to grow from US$ 4.93 Bn in 2017 to US$ 6.61 Bn by 2025 at a CAGR of 3.7% between 2017 and 2025.
The rise in disposable incomes of individuals in the developed as well as developing economies, rising implementations of strict water regulations on the usage of water for car washing purposes are some of the factors that are proving to be highly conducive to the growth of professional automatic car wash machine market.
Many companies are investing in automatic car wash machine market owing to the potential improvements related to accuracy, operational efficiency and timely order fulfilment thereby, helping them to enhance customer retention rate and compete efficiently in the market. North America and Europe are expected to be the dominant regions in terms of market share of overall automatic car wash machine market revenue during the forecast period 2017 to 2025. However, rising number of vehicles on the road and increasing discretionary spending on convenience and luxury services by consumers is resulting in further growth of automatic car wash machine market in other regions of the world.
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The growth of automatic car wash machine market is mainly focused upon maximizing the revenues of car wash operators and earn them quick return on their investments along with achieving water sustainability. The traditional car wash models like the tunnel wash systems and in-bay automatics fetched them good revenues but the growths in deployments of these machines has been steadied in the last fiscal year. There has been consumer demand for quicker wash services and thus led to the emergence of express exterior car wash.
Last fiscal year witnessed exponential growth in deployments of express exterior car wash machines at a numerous car wash location. Another factor that indicates growing popularity of the express exterior carwashes is the shrinking competition radiuses. The competition radius for a carwash operator is shrinking with all the competitors performing extremely well having good number of customer footfalls at their locations. All these factors are expected to drive the growth of automatic car wash machine market.
Leading Key Players:
- Autec, Inc.
- Carolina Pride Car Wash Systems & Solutions
- Coleman Hanna
- MacNeil Wash Systems
- Motor City Wash Works
- PECO Car Wash Systems
- Prestige Car Wash Equipment
- WashTec AG
As per the information from International Car Wash Association (ICA), there are approximately 80,000 car wash locations in Europe. In Europe, majority of the car wash locations are controlled by the medium to larger sized petroleum companies. Also, in the matured market of Europe and individual prefers to go for a professional car wash instead of washing it himself/herself. Cost of land is quite high in Europe and therefore the convenience store owners have implemented in-bay automatics car wash systems at their places.
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