Demand For Car Washing and Detailing Services Is Expected To Increase at A CAGR Of 4.8% during the Forecast Period; Fact.MR Study
The global car washing and detailing services market has closed in on a valuation of US$ 34.8 billion in 2022. The market is forecasted to expand at a CAGR of 4.8% and reach a size of US$ 55.6 billion by the end of 2032.
The car washing and detailing industry is directly related to the
automobile industry. The COVID pandemic did impact the progress of the car
detailing service market for almost two years. Due to global lockdowns, there
was hardly any movement of vehicles on the roads. In the recent past, however,
the automobile industry has seen significant growth due to the enhancement of
technology in manufacturing and services. From autonomous cars to electric
cars, the past few years have been a roller coaster ride.
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Fact.MR, in
its latest business intelligence study, depicts the nuts and bolts of the
global Car Washing and Detailing Services market. The report presents detailed
information regarding the drivers, restraints, opportunities and trends
affecting market growth.
Each segment
along with its sub-segment is analyzed in terms of value and volume. Further,
the report elaborates the market behavior of each vendor operating in the Car
Washing and Detailing Services market.
Key findings of the Car Washing and Detailing
Services market study:
·
Regional breakdown of the Car Washing and
Detailing Services market based on predefined taxonomy.
·
Innovative manufacturing processes
implemented by Car Washing and Detailing Services vendors in detail.
·
Region-wise and country-wise fragmentation of
the Car Washing and Detailing Services market to grasp the revenue, and growth
outlook in these areas.
·
Changing preferences among consumers across
various regions and countries.
·
Factors (Positive and Negative) impacting the
growth of the global Car Washing and Detailing Services market.
Competitive Landscape:
Prominent car
washing and detailing service providers are 3M Company, Allure Detail, CAGGO,
Detail King, DetailXPerts, Driven Brands Car Wash, Exclusive Detail, GO Car
Wash, Mister Car Wash, Quick Quack Car Wash, The Auto Detailing Company,
Tommy’s Express Car Wash, Topaz Detailing, Ziebart International Corporation,
and Zips Car Wash.
The market is
highly unorganized. The top 20 companies have captured just 10% share
of the global market. In developed countries, around 40% of
the market is organized; however, in developing countries, less than 20% of
the market is organized. This gives an opportunity for established market
players to expand their businesses.
- In July 2022, Warburg
Pincus completed the acquisition of El Car
Wash, one of the largest and fastest-growing express
car washing companies in the U.S.
- In September 2022, Super
Star Car Wash, a leading car wash company, acquired Wave
Wash, a leading conveyor car wash company.
Fact.MR has provided detailed
information about the providers of car washing and detailing services
positioned across regions, revenue growth, and service offering expansion, in
the recently published report.
Segmentation of Car Washing and Detailing Services Industry Research:
·
By Service:
- Car Washing
- In-Bay Automatic Car Wash
- Self-Service Car Wash
- Conveyor Car Wash
- Car Detailing
- Exterior Car Detailing
- Interior Car Detailing
·
By End User:
- Commercial
- Households
·
By Service
Provider:
- Conventional Service Station
- On-Demand Service Providers
·
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
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