Global Car Washing Service Market Outlook Through 2023-2032

Posted by Biswadeep on October 30th, 2023

The Business Research Company’s Car Washing Service Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Car Washing Service Global Market Report 2023 evaluates car washing service market size, growth rate, drivers, trends, and major companies.

The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The global car washing service market is expected to grow from .57 billion in 2022 to .43 billion in 2023 at a compound annual growth rate (CAGR) of 2.98%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The car washing service market is expected to reach .61 billion in 2027 at a CAGR of 3.38%.

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.

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The car washing service market segments in the report are:

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

The table of contents in TBRC’s car washing service market report includes:

1. Executive Summary

2. Market Characteristics

3. Market Trends And Strategies

4. Impact Of COVID-19

5. Market Size And Growth

6. Segmentation

7. Regional And Country Analysis

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27. Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions

29. Future Outlook and Potential Analysis

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