NEWARK, DE / ACCESSWIRE / January 25, 2023 / The United States car wash services market is predicted to be worth US$ 16.33 billion in 2023, and rise to US$ 27.89 billion by 2033. Demand is expected to increase at a CAGR of 5.5% over the projected period.
Expenditure on professional car wash services as a result of rising disposable income is a key factor for high global demand. Due to the speed and convenience that such services offer, customers frequently hesitate to undertake their own car wash. Moreover, consumers are spending money heavily on various cleaning techniques, including steam disinfection, antiviral, and antibacterial sanitization.
E-commerce has made it feasible for companies who offer car wash services to offer discounts and promotions to their customers, assisting in the acquisition of new customers. Loyalty programs are becoming popular in this industry. Car wash operators are creating loyalty programs to reward regular customers and give discounts to them.
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The development of the United States car wash services industry has been facilitated by the introduction of cutting-edge technologies like automated car washes and digital payment methods. Additionally, the proliferation of car wash chains across the nation is fostering industry expansion.
During the forecast period, it is expected that the market participants have considerable development prospects due to the growing investments in the car wash services infrastructure.
- The United States car wash services market was expanding at a value of US$ 15.28 billion in 2022.
- The United States car wash services increased at 3.2% CAGR between 2018 and 2022, citing FMI's study.
- With high demand for car maintenance, the United States car wash services industry is expected to have a worth of US$ 18.7 billion by 2025.
- Based on type, the roll-over/in-bay segment is projected to dominate the market with a CAGR of 6.5% by 2033.
- Based on mode of payment, the cashless payment segment is projected to dominate the market with a CAGR of 8.6% by 2033.
- United States car wash services market growth rate is projected to be about 1.05x between 2022 and 2023.
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Key Players Recent Analysis
Given climate change and water shortages, the car wash services industry's future is anticipated to be eco-friendly, which entails utilizing very little water. The vehicle wash services in the United States are attracting the interest of multiple technical and equipment manufacturing companies.
The market is defined by the big domestic service providers. Large players are acquiring local companies in order to expand their presence across the country. Market participants are aware of the importance and dominance of local companies in terms of attracting more customers.
- Mister Car Wash, Inc. announced the opening of a new location in Oviedo, Florida, in June 2022. Several of Mister's recognizable products, including HotShine® Carnauba wax, Repel Shield, and Platinum Seal, are included in the Platinum package, which is offered at the new location.
- The new site offers a cutting-edge tunnel experience with Mister's special cleaning technology.
- Mister Car Wash, Inc. announced in August 2022 that it has acquired Top Wash, a group of three express outdoor facilities in Minnesota's Anoka, Fridley, and Champlin. The acquisition expanded Mister Car Wash's reach into the northern suburbs of Minneapolis.
- Warburg Pincus acquired El Car Wash in July 2022, one of the quick express car-washing businesses in the United States.
By Mode of Payment:
- Cash Payment
- Cashless Payment
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Table of Content
1. Executive Summary | United States Car Wash Services Market
1.1. United States Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter's Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Type, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Type, 2023 to 2033
5.4. Y-o-Y Growth Trend Analysis By Type, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Type, 2023 to 2033
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