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Car Wash Service Market Size, Share & Growth Report 2033
Car Wash Service Market Size
As per the report, the car washing service market size has grown steadily in recent years. It will grow from $29.43 billion in 2023 to $30.4 billion in 2024 at a compound annual growth rate (CAGR) of 3.3%. The car washing service market size is expected to see steady growth in the next few years. It will grow to $35.25 billion in 2028 at a compound annual growth rate (CAGR) of 3.8%.
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Surge In Automobile Sales Propels Growth In The Car Washing Service Market
The increase in the sales of automobiles is expected to boost the growth of the car washing service market going forward. Automobile refers to an internal combustion engine-powered vehicle with four wheels. Regular carwashes prevent the car from being damaged by filth, mud, bird droppings, road salt, and other corrosive waste that can cause corrosion, fading paint, and other issues. For instance, according to a report published by the National Automobile Dealers Association (NADA), a US-based trade organization, in 2023, light trucks made up over 80%, or 79.4%, of all newly sold vehicles in 2022, an increase of 1.6% from 2021. Further, the franchised dealerships sold reached 259,728 units in 2022, a rise of 92.1% from 2021. Inventory levels at the end of December 2022 totaled 1.67 million units, a 49% rise over the total 1.12-million-unit inventory at the end of 2021 when comparing vehicle sales to inventory. Therefore, the increase in the sales of automobiles is driving the growth of the car washing service market.
Technological Advancements With App Based Subscription Programs
Technological advancements are the key trend gaining popularity in the car washing service market. Major companies operating in the car washing service market are focusing on developing innovative technologies to sustain their position in the market. For instance, in June 2023, Warrenton Oil Company, a US-based oil company, launched an app-based car and truck washing subscription program. The program offers clients a frictionless and contactless solution while also generating recurring revenue for the company. Customers can choose from several vehicles wash membership packages and join the Fastlane car wash subscription program through the already-existing Fastlane app. Fastlane will be the first in the area to provide a membership for its automatic vehicle wash.
The car washing service market covered in this report is segmented -
1) By Type Of Service: Tunnels, Roll-Over Or In-Bay, Self-Service
2) By Mode Of Payment: Cash Payment, Cashless Payment
3) By Application: Mini Vehicles, Hatchback, Sedan, Luxury Vehicles, Light Commercial Vehicles, Other Applications
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Major companies operating in the car washing service market report are Mister Car Wash Holdings Inc., Driven Brands Holdings Inc., WashTec AG, Delta Sonic Car Wash Systems Inc., Waterway Carwash, National Carwash Solutions Inc., Magic Hands Car Wash LLC, Quick Quack Car Wash, Crew Carwash Inc., Hoffman Car Wash Inc., Autobell Car Wash Inc., Splash Car Wash, International Car Wash Group Ltd., Car Wash Enterprises Inc., Soapy Joe's Car Wash Inc., True Blue Car Wash LLC, Cactus Car Wash Corp., BlueWave Express, Prime Car Wash LLC, Clean Freak Car Wash Inc., Charlie's Car Wash, IMO Car Wash Group Ltd., Elephant Car Wash, Bubble Bath Car Wash, Goo-Goo Express Wash Inc., Kaady Car Wash, Octopus Car Wash Inc., Splash Zone Operations LLC, Zips Carwash LLC, Autobase Car Wash & Accessories.
Contents of the report:
1. Executive Summary
2. Car Washing Service Market Report Structure
3. Car Washing Service Market Trends And Strategies
4. Car Washing Service Market - Macro Economic Scenario
5. Car Washing Service Market Size And Growth
…..
27. Car Washing Service Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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