U.S. Car Wash Service Market by Region – Global Opportunities & Forecast, 2020-2027
U.S. Car Wash Service Market
The U.S. Car Wash Service Market is envisaged to experience a boom with a growth rate of 4.8% over the forecast period. The growing demand for exclusive options and the intensified emphasis of the consumers on vehicle maintenance has elevated the market growth.
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U.S. Car Wash Service Market Dynamics
The acceleration in the sales of automotive led by growing per capita income has accelerated the demand of the US Car Wash Service market. For example, in 2020, Ford in the US congregated over 1.7 million trucks, cars, and SUVs. Also, Ford declared it will invest $ 2 billion, enumerate nearly 3,000 hourly jobs and detain a hundred more in the US.
The speed and ease are the two advantages of washing their car at home. For example, as per the ICA, the proportion of drivers washing their vehicle has increased nearly from 48% in 1994 to over 77% in 2019. The home car washing uses high quantity of water compared to car wash which has bolstered the market growth. However, as per the US car wash service market analysis, the inflating prices of oil and gas are likely to hinder the industry revenue as some consumers will decrease driving and money saving advantages, such as public transit and carpooling which will restrain the market growth.
Type Segment Drivers
Based on the type, the Roll-over/in-bay segment is projected to witness a sudden surge in the market over the forecast period. This is because of the accelerating perforation of vehicle franchise in the car wash industry. It has raised the initiation of roll-over automation wash facilities across their sites due to its easy, faster, and economical way to clean a vehicle.
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