North America Tops the Global Vehicle Wash System Market Accounting For 24.8% of Global Market Share In 2022

From 2022 to 2032, the global vehicle wash system market is projected to grow at a CAGR of 6.2 %, from USD 3.4 billion in 2022 to USD 6.3 billion in 2032.

 

Because of consumers' growing preference for automation and easier vehicle washing and cleaning, the vehicle wash system market is expected to grow 2.1X over the next few years.

 

The vehicle wash system market is driven by consumer behaviour, with innovative vehicle wash technologies being adopted at a faster rate than traditional ones. Vehicle wash systems are in high demand in North America and Europe, but Asia-growing Pacific's economies offer manufacturers attractive growth opportunities.

 

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Customers favour the touchless vehicle wash system, which is a component of the exterior vehicle wash system technology, due to the delicate surface of vehicle paint. It offers effective cleaning as well as quick and affordable washing services, with market demand expected to increase by 20% in the coming years.

 

For example, the Laser Wash 360 Plus wash system from PDQ Vehicle Wash Systems is a touch-free vehicle wash system that responds to vehicle models with greater speed and efficiency and cleans like a soft-touch or traditional car wash.

 

Customers benefit from high-quality services offered by manufacturers and investors in order to maximise profits. Automated express and flex-serve vehicle wash systems, for example, require little manpower to operate and produce more.

 

As their understanding of environmental conservation grows, vehicle owners prefer providers who provide sustainable solutions in their products. This is expected to increase market growth by 2.3X between 2022 and 2032.

 

Report Attributes	Details
Base Year Value (2021A)	USD 3.2 Billion
Estimated Year Value (2022E)	USD 3.4 Billion
Projected Year Value (2032F)	USD 6.3 Billion
Global Growth Rate (2022-2032)	CAGR 6.2%

 

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Key Takeaways:

·         North America and Europe will account for nearly 46% of the vehicle wash system market.

·         Roll overs will grow at a CAGR of 5.7% by system type by 2032.

·         The pressure washers segment currently accounts for 26.4% of the market.

·         The automotive segment currently accounts for 34.2% of the overall market share.

 

Competitive Landscape

The global vehicle wash system market is highly fragmented and competitive due to the large number of domestic and regional players. Marketing techniques used by key players include mergers and acquisitions, expansions, collaborations, and partnerships.

 

Leading players also use new product development as a strategic way to increase their consumer market presence. As a result of these efforts, between 2022 and 2032, an advanced vehicle wash system will be implemented.

 

For example, 

·         Westbridge Capital acquired Wilcomatic Wash Systems, a vehicle cleaning operation specialist, in 2019 to help it expand globally. The company provides a wide range of products and services to a wide range of industries, and it now has over 2,000 car wash locations worldwide, serving over 8 million vehicles each year.

 

·         BlueWave Express Car Wash was ranked 14th on the Top 50 US Conveyor Chain List for 2020 by Professional Carwashing and Detailing magazine. The company distinguishes itself from competitors in the market by offering numerous benefits, such as free vacuum service and low-cost wash pricing.

 

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Key Companies Profiled by Fact.MR are:

• Coleman Hanna
• Wash Tec Group
• Aquarama
• Sonny’s Enterprises, Inc.
• Ryko Solutions, Inc.
• PDQ Vehicle Wash Systems
• Autec, Inc.
• Oasis Car Wash Systems
• EHRLE
• SAT DIMACO
• Aerowash AB
• Aquafrisch, S.L.
• Ross and White
• Westmatic Corporation

* This article was originally published here