Fact.MR’s new report projects an optimistic growth of the vehicle wash system market while thoroughly analyzing the prominent trends prevailing in the global landscape. Do-it-for-Me culture, preference for express services and greater customization demand has led to increasing adoption of professional vehicle wash system over traditional washing practices. These trends are according to a new Fact.MR study which envisages a stellar growth of the vehicle wash system market with over 8% CAGR during the period of 2018 – 2026.
Driven by consumer behavior, the vehicle wash system market has been keenly studied to understand adoption levels of different vehicle wash technologies available in the global market space. Pressure washers are likely to outsell other vehicle wash systems owing to their affordability. According to the report, roll over systems are also in high demand, as end-user focus shifts to better efficiency. Roll over systems account for nearly 32% of the market share.
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Advanced washing machinery and equipment complement the divergent demand from multiple applications including construction, mining, automotive, railways and aerospace among others. Demand for vehicle wash systems in the automotive industry is expected to dominate with the highest sales valuation through 2026 owing to increased demand for repair and maintenance against the backdrop of incremental vehicle sales. In particular, the passenger cars segment is identified to lead the demand for vehicle wash systems during the forecast.
Fact.MR research shows that independent segment is estimated to capture over 46% of the total market share by the end of 2018 as investors are inclined towards medium and large sized independent providers. While this segment is estimated to continue its dominance through 2026, the authorized car dealer segment is expected to grow rapidly with the increasing production of automobiles and on-road vehicle fleet.
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North America and Europe remain the most lucrative markets for vehicle wash systems globally. These two regions collectively account for 50% revenue share of the vehicle wash system market. According to the report, North America market is marked by vehicle wash ownership by small and medium-sized companies whereas the European market represents ownership by medium and large-sized petroleum companies.
Fact.MR research shows that China, South East Asia & Pacific and Japan regions will share a considerable market share owing to the flourishing automotive industry and increasing demand for vehicle wash system in multiple industries starting from mining to aerospace.
While weather conditions remain the prime challenging factor influencing the overall profitability of the vehicle wash system market, the vehicle wash industry continues to introduce novel approaches like unlimited wash programs to maintain market sustainability regardless of the outdoor climate. The study shows that technological developments in the vehicle wash systems are primarily focused on saving a considerable amount of water and delivering faster washes. Manufacturers are actively engaged in introducing sustainable, efficient and affordable vehicle wash solutions to attract a divergent consumer base.
The vehicle wash system industry is observed to remain under the influence of global economic shifts, weather changes, evolving interests of investors and changing consumer preferences. The ongoing automation, proliferating automotive industry, recovery in the mining sector and universal customization trend are important global trends identified in the study that are expected to influence the vehicle wash system market during the assessment period.
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To deliver a seamless understanding of the vehicle wash system market, the report is divided into 18
sophisticated chapters whose snapshots are provided below.
Chapter 1 – Executive Summary
The report commences with the chapter of the executive summary which delivers brief yet affluent
information of the vehicle wash system market. The chapter includes discussion on the market
overview, market analysis and market recommendations regarding the vehicle wash system market
derived based on Fact.MR’s proprietary wheel of fortune.
Chapter 2 – Market Introduction
In the market introduction chapter, the vehicle wash system market is introduced along with the
market segmentation in the form of market taxonomy. The chapter also introduces the vehicle wash
system in the market definition section.
Chapter 3 – Vehicle wash system Market Background
In this chapter, macroeconomic factors, market dynamics, a complete value chain and pricing
analysis with regard to vehicle wash system market is elaborately discussed. Discussion on the
market drivers, restraints, trends and opportunities and their impact on the market forecast is also
covered in this chapter.
Chapter 4 – Global Vehicle Wash System Market Analysis 2013–2017 and Forecast 2018–2026
This chapter provides the vehicle wash system market size in terms of market volume and value
during the forecast period. Market analysis based on absolute $ opportunity and y-o-y growth of the
vehicle wash system market is also covered in this chapter.
Chapter 5 – Global Vehicle Wash System Market Analysis 2013–2017 and Forecast 2018–2026,
By System Type Based on system types in the vehicle wash system market, the chapter elaborates market size of
individual systems including tunnel wash, roll over, touch-less and pressure washer. Market
attractive analysis by system types and summary of this section is covered in the chapter.
Chapter 6 – Global Vehicle Wash System Market Analysis 2013–2017 and Forecast 2018–2026, By Application
Based on applications, the vehicle wash system market is categorized into passenger vehicles,
commercial vehicles, railways, aerospace and off highway vehicles. Market size of individual
applications, their market attractiveness analysis and summary are also covered.
Chapter 7 – Global Vehicle Wash System Market Analysis 2013–2017 and Forecast 2018–2026, By End User
This chapter elaborates the segmentation of the vehicle wash system market based on end users
including independent end users, Franchised Service Station, an authorized car dealership and
others. Market attractive analysis by end users is also discussed to fathom relative lucrativeness of
different end users of the vehicle wash system market.
Chapter 8 – Global Vehicle Wash System Market Analysis 2013–2017 and Forecast 2018–2026, By Region
With the geographical perspective, the vehicle wash system market is analyzed on a total of seven
regions including North America, Latin America, Europe, South East Asia & Pacific, Middle East &
Africa, China and Japan. Historical data and prevailing trends in the vehicle wash system market and
their influence on the global market performance is discussed in this chapter.