CAR & TRUCK WASH MARKET TO SURPASS VALUATION OF US$ 25.3 BN BY 2031

 Car & Truck Wash Market: Introduction

According to the report, the global car & truck wash market is projected to surpass US$ 25.3 Bn by 2031, expanding at a CAGR of 4.5% during the forecast period. According to the statistics of the World Bank Group, GDP of the global population measured in terms of purchasing power parity has tripled in the past few decades. This increase in purchasing power of the global population has led to rise in sales of vehicles across the globe. The increase in sales of vehicles has boosted the volume of on-road vehicles across the globe, thereby propelling the global car & truck wash market.

The increase in environmental concerns is expected to drive the global car & truck wash market. According to the International Car Wash Association, a large amount of water is utilized during washing a car or truck at home, as compared to that used by a professional car & truck wash service center. The water used in case of washing a vehicle at home is directly dumped in the waste management line; however, in case of a professional car wash station, the water is recycled and reused, thereby conserving water. Therefore, governments across the globe, such as the U.S., Germany, the U.K., and Australia support car washing at professional car & truck wash stations.

Expansion of Car & Truck Wash Market

Dust, dirt, grime, salts, and harsh chemicals to which vehicles are exposed overtime cause the metal to corrode and hinder the efficiency of vehicles to operate at optimal level. These unwanted foreign elements are difficult to clean with a sponge or brush at home. Moreover, household cleaning of vehicles can lead to scratches on the surface of the vehicle, further damaging the vehicle’s exterior, thus fueling the demand for professional washing services. Consumers across regions, such as North America and Europe are increasingly preferring to have their vehicles washed at commercial automobile cleaning stations instead of doing it by themselves. Increase in awareness among the population, globally, about professional vehicle cleaning services and their benefits are driving the global car & truck wash market.

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