Global Automatic Car Wash Machine Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Automatic Car Wash Machine Market 2021 (Includes Business Impact of COVID-19)
Global Automatic Car Wash Machine Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global automatic car wash machine market report has been segmented on the basis of type, component, application, and region.
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The global Automatic Car Wash Machine market size was valued at USD$5.59 billion in 2020 and is projected to reach $8.03 billion by 2030, and is anticipated to expand at a CAGR of 3.70% over the forecast period from 2020 to 2030.


Global Automatic Car Wash Machine Market: Overview


Automatic car wash machines are fully automatic systems engage in vehicle cleaning, polishing, waxing, water spray, etc.


Global Automatic Car Wash Machine Market: Dynamics


Technological advancement, along with heavy investments in car wash systems are some of the major factors projected to drive revenue growth of global automatic car wash machine market. In addition, launch of loyalty programs to attract customers, emergence of touchless and waterless car washing services, coupled with growing awareness regarding professional car cleaning services, are some other factors estimated to drive revenue growth of global market. In addition, consumer preference shifted to vehicle maintenance, along with customized services including fragrance choice, double and triple foaming option, and other services, which are expected to fuel growth of the target market.

However, high initial investments in the setup of the machines may hamper demand for the global automatic car wash machines market.

Latest trend observed in the target market is car wash operators are focusing on automatic car wash machines to maximize revenues and for quick returns on the investments, along with achieving water sustainability. Another trend observed in the market is people are opting for quicker wash services and express exterior car wash services, which are expected to create a potential opportunity for players operating in the target market.


Global Automatic Car Wash Machine Market: Segment Analysis


Among the type segments, the exterior rollover segment is projected to account for higher revenue share over the forecast period.

Among the component segments, the foamer systems segment is expected to account for high revenue, and is projected to maintain its dominance over the forecast period.

Among the application segments, exterior components segment is anticipated to register significant growth rate in the target market.


Global Automatic Car Wash Machine Market: Region Analysis


The automatic car wash machine market in Europe is projected to grow at a significant rate over the forecast period. This is due to ban on home car washing and hosepipe ban to counter water shortage, along with reduction of Do it yourself (DIY) car washes method in the region. Furthermore, Asia Pacific automatic car wash machine market is expected to grow at a significant growth rate, due to high demands for sophisticated devices, water shortage problems, along with stringent rules and regulations on water usages for vehicle washing in the region. Moreover, increasing disposable income, increasing standard of living, consumer preference for maintaining the car value, increasing focus on aesthetics value, are anticipated to drive growth of the target market positively. In addition, government efforts for efficient and safe method for washing purposes, increasing expenditure on research and development activities to develop more advanced machines are some of the factors expected to drive growth of the target market.

Global Automatic Car Wash Machine Market Segmentation:

Segmentation by Type:

  
Self service
  
Exterior rollover

Segmentation by Component:

  
Drives
  
Motors
  
Foamer Systems
  
Dryers
  
Pumps

Segmentation by Application:

  
Interior Components
  
Exterior Components


Key Market Players included in the report:


  
ATS Elgi Limited.
  
Autec Inc.
  
Autobase Car Wash Technology Co.Ltd
  
Autoequip Lavaggi Srl
  
Broadway
  
Car Wash Systems Inc.
  
Carolina Pride Car Wash Systems & Solutions
  
CAROLINA PRIDE CAR WASH SYSTEMS AND SOLUTIONS
  
Coleman Hanna Car Wash Systems
  
D&S CAR WASH EQUIPMENT CO.
  
Daifuku Co.Ltd
  
Istobal S.A.
  
MacNeil Wash Systems
  
MKSEIKO CO.LTD
  
Motor City Wash Works Inc.
  
National Carwash Solutions
  
NS Wash Systems
  
Oasis Car Wash Systems
  
PDQ Vehicle Wash Systems
  
PECO Car Wash Systems
  
Prestige Car Wash Equipment
  
Qingdao Risense Mechatronics Co.Ltd
  
Shaoxing Zhongli Machinery Plant
  
Takeuchi Techno Shanghai CO.LTD
  
Tammermatic Oy
  
Tommy Car Wash Systems
  
WashTec AG
  
WashworldInc.
  
Zonyi Auto Equipment Group


Below are the key development related to Automatic Car Wash Machine Market in 2020 and 2021.


January 2021: Dover (NYSE: DOV) announced  that it has completed the acquisition of Innovative Control Systems, Inc. ("ICS"), a leading provider of car wash controllers, payment terminals, point-of-sale and wash site management software solutions. ICS is now part of Dovers Fueling Solutions segment. Headquartered in Bethlehem, Pennsylvania, and employing more than 150 people, ICS has served the carwash industry for over 30 years. ICS is recognized in the marketplace for its strong engineering and reliability, high levels of customer service, and innovative solutions. The addition of ICS expands Dovers participation in the secularly-growing vehicle wash market and enhances Dovers offerings, business mix and recurring revenue stream with high-value hardware and software solutions critical to vehicle wash workflows and operations. A scaled-up vehicle wash platform within Dover is expected to drive growth and efficiencies by cross-leveraging Dovers and ICS go-to-market channels in vehicle wash and convenience retail markets, as well as aftermarket support infrastructure. Source