World Automatic Car Wash Machine Market to See 3.7% CAGR to 2025, Forecasts The Insight Partners in Its Report Available at MarketPublishers.com
22 Nov 2017 • by Natalie Aster
LONDON – The global automatic car wash machine market is estimated to grow at a 3.7% CAGR in the offing to reach USD 6.61 billion by 2025. The vehicular population globally outpaced 1 billion in 2010, which was fuelled by the aggressive growth in China and India in that fiscal year. The increase in the sales of vehicles and, specifically, passenger cars is owing to the stable gains in the disposable income levels. Developing economies saw sustainable growth in the post-recession period, which resulted in the hike in consumers’ disposable income. In the western nations, with the expansion of vehicular population, there has been observed a considerable rise in the average car washes per location statistical data. In 2012, there was a 17% increase in average car washer per location as against the fiscal year of 2011.
The market in APAC has been observing remarkable growth due to the increase in disposable incomes, acute water deficiency problems and stiff government regulations on water use for car washing purposes.
The cutting-edge research report “Automatic Car Wash Machine Market 2025” drawn up by The Insight Partners provides an in-depth assessment of the market for automatic car wash machines. It contains a profound market segmentation analysis based on systems, components and applications. The report also gives an all-round analysis of the market across the key regions and countries. It offers a granular PEST analysis of the market region-wise. The research study provides deep insights into the industry dynamics covering key market driving and restraining forces, major market opportunities and future trends.
The report describes the competitive landscape providing a ranking of the top 5 players and competitive product mapping; and includes granular profiles of the 10 leading industry players. A detailed forecast of the automatic car wash machine market development to 2025 is provided in the study, too.
A full list of the publisher’s research publications is at hand in The Insight Partners catalogue at MarketPublishers.com.