China Car Wash Machine Market Overview
The car wash machine market in China is witnessing significant growth due to increasing vehicle ownership and demand for automated services. With urbanization on the rise, more drivers are opting for convenient, automated car wash solutions, leading to a surge in car wash machine sales. The market is also being shaped by a shift towards eco-friendly systems that minimize water usage and focus on sustainability, driven by governmental environmental policies.
As per the recent industry reports, the global China Car Wash Machine Market is projected to reach USD 3.18 Billion with a CAGR of 5% CAGR during the ongoing forecast period.
As per the reports, the car wash systems are used to clean the exterior and interior of cars. It is easy to wash and clean cars. There has been a rapid growth of the automotive industry. This is one of the main reasons that is contributing to a rise in demand for car wash systems. There are various types of products as a part of the market like conveyor, in-bay and others like self-serve machines. These market machines are being used to wash different types of vehicles, like cars, buses, trucks, and vans.
The global industry is predicted to experience a slight slowdown in the current year as a consequence of the global outbreak of the coronavirus pandemic followed by the imposed restrictions. The global manufacturing activities are at a standstill due to labor shortages, followed by other factors like lockdown, and work-from-home initiatives. This has further, generated a drop in demand from the end-use industries during the period.
The global market manufacturers are now investing in a series of components such as jet sprays, automation, and regulators to increase the degree of performance of these components. These manufacturers are likely to be investing in innovative solutions to reduce the cost of the overall product assembly followed by an improvement in their profitability in the market.
The global market consumers tend to use innovative technologies for the improved experience in the comfort of car washing services over conventional ones. The market consumers give better preference to higher product deliverability, followed by other factors like performance, and reliability for car wash machinery. There are different types of vehicles of different sizes that can have different specifications for cabin washing requirements.
Market Segmentation
The China Car Wash Machine Market has been segmented based on the following:
Type-based segmentation
The type segment of the market includes household and commercial sub-segments.
Application-based segmentation
The application segment of the market is inclusive of passenger cars, and commercial vehicles.
Regional Analysis
The European region is one of the biggest markets for luxury and premium vehicle manufacturers and hence, dominates the China Car Wash Machine Market. The involvement of numerous key automotive firms followed by other factors like increased sales of new cars, and increased availability of water-based solvents is helpful for the market. As per the International Trade Centre Statistics of 2018, there has been a substantial rise in the export volume of luxury cars and vehicles across Europe. This is anticipated to grow product demand during the ongoing forecast period.
The car wah machine market has prominent players like Tammermatic Oy, Washworld, Inc., PDQ Manufacturing, Inc., and some others like Oasis Car Wash Systems, and PECO Car Wash Systems.
Industry News
In October 2018, a prominent market company - PDQ Manufacturing, Inc. had introduced a highly cost-effective Tandem Surfline Vehicle Wash System that is based on in-bay automatic technology. The technology that is being used for production has made a considerable degree of progress. Most of the market manufacturers are mainly using automated technology to gain a competitive advantage.
Read more insightful report:
Automotive Garage Equipment Market
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