Vehicle wash system Market Key Insights and Booming Factor Supporting Growth till 2026

Posted on 2019-06-19 by Mark Hub in Industrial // 0 Comments

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The purpose of this comprehensive forecast report presented by FactMR is to elaborate the various market projections impacting the global vehicle wash system market trends during the period through 2018-2026. This assessment delivers high-end statistics concerning market size, growth in trends and revenue share (US& Mn) linked to different geographies and segmentation types. Readers can acquire precise insights about market growth trends along with upcoming opportunities that are expected to reshape the overall structure of the vehicle wash system market during the forecast period.

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The vehicle wash system industry has witnessed dominance of traditional car wash practices including full-service, in-bay automatic and self-service. With the growing consumer preference for convenience and automation, express exterior and flex-serve are the highly sought after vehicle wash systems. The vehicle wash system industry is undergoing a gradual shift from the manual washing to automation, as investors seek to maximize profitability while offering high-quality services to clients. While full-service vehicle wash system includes over 20 employees for its complete operation, recent automated vehicle wash systems such as express and flex-serve operate on minimal labor and deliver greater output. These underlying factors are likely to result into growing proliferation of express and flex-serve vehicle wash outlets in the vehicle wash system market.

In the era of time-pressed consumers, a majority of automobile owners seek speed and convenience for repair and maintenance services. In addition, increased purchase capacity has given consumers the means to prefer automated vehicle wash system over the traditional practice of home washing or Do-it-yourself trend. Owing to this, the vehicle wash system market is witnessing an active engagement in Do-it-for-Me practice and a significant decline in Do-it-for-Yourself or home washing trend. Further, growing awareness of environmental conservation is also influencing a specific set of vehicle owners to choose vehicle wash system providers in the vehicle wash system market who have incorporated sustainable solutions in their offerings.

In the exterior vehicle wash system technology, touchless vehicle wash system has witnessed higher preference over other conventional vehicle wash systems owing to the distinct benefits such as delicate on surface and vehicle paint. Although the technology carries caveats in delivering efficient cleaning, advances in touchless washing technologies have allowed operators to deliver efficient, quick and affordable washing services. For instance, PDQ Vehicle Wash Systems has introduced a LaserWash® 360 Plus in-bay touch-free vehicle wash system that is expected to match the cleaning productivity of conventional or soft-touch car wash. The advanced wash technology responds to diverse vehicle models with greater speed, efficiency and wash quality. Also, with the higher wash volumes, greater revenue per wash and quick returns, the advanced touchless technology is profitable for operators in the vehicle wash system market.

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The automotive industry has witnessed the introduction of an ample number of automobile models since its inception. The launch of diverse models has witnessed a significant increase in the last decade owing to the tectonic shift and transformation induced by incorporation of innovative technology. The diversity in vehicle models and specifications has rendered the ‘one-size-fits-all’ approach futile. To deliver customized vehicle wash system services, leading service providers in the vehicle wash system market are adopting advanced vehicle profiling techniques such as sonar technology to efficiently determine locations of different vehicle parts and avoid pseudo detection. Shifting focus of vehicle wash system operators towards delivering affordable and better consumer experience, a greater level of customization is provided by operators to serve a divergent consumer base.

Self-service vehicle wash system includes car cleaning as per consumer preference as compared to full-service or automated car wash where a predefined cleaning procedure and fixed expenditure is involved. However, self-service vehicle wash system poses the risk of surface damage and remains an unsustainable solution. Growing preference for automation and sustainable solutions have led operators to invest in full-service vehicle wash system as compared to the self-service system. Along the same lines, the car wash market analysis by the International Carwash Association, reported profits of full-service vehicle wash to prominently outclass that of self-service vehicle wash with over 16x profitability in 2017.

The weather continues to be the biggest influencer of the vehicle wash system industry where rainy season almost quells the business while sunny days present profitable opportunities. Weather conditions play a role of determiner in terms of altering day-to-day vehicle counts in the vehicle wash system facilities. While operators in the vehicle wash system market are adopting ways to maintain overall market profitability irrespective of outdoor climate, weather conditions continue to challenge overall market lucrativeness.

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