Vehicle Wash System Market Expected Stellar Growth of over 8% CAGR During the Period of 2018 – 2026
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.
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Do-it-for-Me Making a Comeback to Pip Do-it-Yourself (DIY) in 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.
Touchless Wash Systems Witness Steady Penetration amid Prevailing Preference for Conventional Washing Practices
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.
Full-Service Vehicle Wash Businesses More Appealing to System Manufacturers as Average Profitability 16x of Self-Service
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.
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Weather Conditions Continue to Pose Challenges to Overall Profitability of Vehicle Wash System Industry
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.
The competitive landscape section of the vehicle wash system market delivers the most insightful information regarding the key market players, their relative global position and short-term & long-term business strategies. In addition, a comprehensive view of the product portfolios, recent innovation and business expansion strategy adopted by key market players in the vehicle wash system market is provided. Key companies profiled in the vehicle wash system market report are Coleman Hanna, Wash Tec Group, Sonny’s Enterprises, Inc., Ryko Solutions, Inc., PDQ Vehicle wash system, Aerowash AB, Westmatic Corporation, KKE Wash Systems, and Otto Christ AG among others.
Product innovation, new marketing strategies and collaborations continue to remain key market strategies in the vehicle wash system market. For instance, National Carwash Solutions (NCS), a leading North American carwash systems provider has recently collaborated with TSS Carwash Services (TSS), one of the leading customized carwash design solutions provider. Another industry leader of in-bay automotive vehicle wash system, PDQ Manufacturing, Inc. has partnered with One Stop Carwash Equipment Pvt. Ltd. to increase exposure of PDQ vehicle wash system in Australia. Sonny’s Enterprizes, Inc. has recently acquired a leading provider of carwash foaming applicators and signage in the U.S, Mr.Foamer to consummate the Sonny’s complete car wash service, OneWash.
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