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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