car wash machine Market

The growth of the car wash machine market is driven by various factors such as the growth of global vehicle fleet size and rise in the number of car wash stations. The adoption of automatic car wash machines is expected to be an opportunity for the global market players.

The increasing urbanization and per capita income and the associated rise in demand for vehicles in tier 2 and tier 3 cities are the key factors leading to an increase in the vehicle fleet size, globally. Furthermore, the rising standard of living, availability of credit system, and the growing automotive aftermarket have resulted in the growth of the automotive industry, leading to an improvement in the scope of car wash machines. Moreover, the increase in capita disposable income and the growing need for comfort create a demand for professional car washing. For instance, from the survey of the Organisation for Economic Co-operation and Development (OCED) in 2018, for the top 20% of the population, the average disposable income is USD 69,477 a year, while the average disposable income for the bottom 20% is USD 11,026 a year. Such high-income levels are expected to further lead to a growth in vehicle fleets.

The below table depicts the global vehicle fleet size between 2005 and 2017. The global vehicle fleet size grew by 6.5% between 2016 and 2017.

Thus, the growth of global vehicle fleet size along with the increasing per capita disposable income is expected to drive the demand for car wash machines in the global market. Furthermore, the governments of the developed countries in regions such as North America and Europe have implemented regulations to prevent the domestic washing of the vehicles in order to save water. The growth in the global vehicle fleet size is expected to lead to an increase in the business of the authorized washing service centers and the demand for equipment for the car washing, including car wash machines during the forecast period. Furthermore, the government regulations to establish specific car washing centers for the cleaning and washing of the vehicles are expected to shift the impact of growth of the global vehicle fleet size from low to high during the forecast period.

The rapid urbanization and industrialization and the growth of per capita disposable income have led to a rise in the living standard in various countries. Additionally, the on-going implementation of strict government regulations for the judicious use of water for car washing and the use of advanced technologies strengthen the development of professional automatic car wash machines during the forecast period. The advanced machines used in express washing centers or quick washing service centers are based on such technologies. Such machines are used for the express washing of vehicles based on the minimum water-supply principle. Manufacturers are investing in the development of automatic car wash machines to meet the accuracy and operational efficiency requirements, cost-effectively meeting the industry standards and government regulations. The authorities in North America and Europe have already invested heavily in the incorporation of automatic car wash machines at specialized washing centers and petrol pumps. Moreover, the growing consumer demand for quick washing services in developing countries including China, India, Thailand, and Malaysia, owing to increasing purchasing power of individuals and the growth in the number of vehicles along with the limited vehicle service time are expected to create opportunities for the manufacturers in such countries. Therefore, the companies from the developed regions are investing in the automatic car wash machines for the installation in the developing countries to meet the demand for quick car washing services that involve the use of automatic car wash machines. Thus, the adoption of automatic car wash machines is expected to be an opportunity for the global market players.