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 ...