(MENAFN- GlobeNewsWire - Nasdaq) Wilmington, Delaware, Sept. 13, 2023 (GLOBE NEWSWIRE) -- Australia Car Wash Service Market was valued at US$ 642 million in 2022 and is expected to grow at a significant CAGR of over 4.8% over the forecast period of 2023-2030, according to the latest market report by RationalStat
Market Definition, Market Scope, and Report Overview
A car wash service is a professional cleaning service that cleans and maintains the outside and, in certain situations, the interior of automobiles, mainly cars. Car wash facilities or mobile car wash operators provide these services, and they offer varying levels of cleaning and detailing to match the needs and tastes of automobile owners. Car wash services are intended to remove dirt, grime, dust, road debris, and other contaminants from the surface of a vehicle, leaving it clean, shining, and well-kept.
Global car ownership rates continue to rise, increasing demand for car wash services. As more people own vehicles, there is a greater demand for regular cleaning and repair. Because of the urbanization trend, more people are living in cities, where access to personal car washing facilities is typically limited. As a result, people are more likely to use professional vehicle wash services.
According to a deep-dive market assessment by RationalStat, the Australia car wash service market has been analyzed on the basis of market segments, including type, mode of payment, service type, mode of operation and geography/regions (including Western Australia, Southern Australia, Eastern Australia, Northern and Central Australia) . The report also offers Australia and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030. Market intelligence for the Australia car wash service market covers market sizes on the basis of market value (US$/EUR Million) by variproducts/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc. In addition, the long-term sector and products/services 10-year outlook and its implications on the Australia car wash service market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
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Australia Car Wash Service Market: Segmental and Market Share Analysis
On the basis of type, in 2022, the roll over or in/bay segment held the highest share of more than 43.8%. The segment is expected to grow at the fastest CAGR during the projection period, retaining its leadership position. On the basis of mode of payment, during the forecast period, the cashless payment segment is expected to grow at the fastest rate of 4.9%. Installing an integrated payment solution, also known as a point-of-sale (POS) system, increases sales.
| Report Metrics || Details |
| Base Year || 2022 |
| Forecast Period || 2023-2030 |
| Base Year Market Size || US$ 642 million |
| Market Size Forecast || US$ 930 million |
| Growth Rate || 4.8% |
| Key Market Drivers || |
Increasing Car Ownership Rapid Urbanization Resulting in Limited Space Busy Lifestyle Leading to Time Constraints Rising Disposable Income
| Companies Profiled || |
MAGIC HAND CARWASH Car Wash International Group Star Car Wash Affluence Detail Minit Car Wash The Ecowash Group Waves Car Wash Cafe Braddon Pty Ltd Zoom Carwash
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Competition Analysis and Market Structure
These players adopt varistrategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the Australia car wash service market include,
In August 2022, Mister Car Wash, Inc. announced the acquisition of Top Wash, three express exterior locations in Anoka, Fridley, and Champlin, Minnesota. The acquisition expanded the presence of Mister Car Wash in the Northern Suburbs of Minneapolis.
Some of the prominent players and suppliers operating and contributing significantly to the Australia car wash service market growth include MAGIC HAND CARWASH, Car Wash International Group, Star Car Wash, Affluence Detail, Minit Car Wash, The Ecowash Group, Waves Car Wash Cafe Braddon Pty Ltd, and Zoom Carwash, among others.
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RationalStat has segmented the Australia car wash service market based on type, mode of payment, service type, mode of operation and region
Australia Car Wash Service Market Value (US$ Million), and Market Share (2019-2030) Analysis by Type Australia Car Wash Service Market Value (US$ Million), and Market Share (2019-2030) Analysis by Mode of Payment Australia Car Wash Service Market Value (US$ Million), and Market Share (2019-2030) Analysis by Service type Australia Car Wash Service Market Value (US$ Million), and Market Share (2019-2030) Analysis by Mode of Operation Australia Car Wash Service Market Value (US$ Million), and Market Share (2019-2030) Analysis by Region
Australia Car Wash Service Market
Western Australia Southern Australia Eastern Australia Northern and Central Australia
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Key Questions Answered in the Car Wash Service Report:
What will be the market value of the Australia car wash service market by 2030? What is the market size of the Australia car wash service market? What are the market drivers of the Australia car wash service market? What are the key trends in the Australia car wash service market? Which is the leading region in the Australia car wash service market? What are the major companies operating in the Australia car wash service market? What are the market shares by key segments in the Australia car wash service market?
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RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts' viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
Defining the problem by understanding the type of market and data required by the client. Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews. Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance. Evaluating and analyzing the data by referring to data sources utilized and leveraged. Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
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About RationalStat LLC
RationalStat is an end-to-end Australia market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and theto support Australia and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
RationalStat has strategic partnerships with leading data analytics and consumer research companies to cater to the client's needs. Additional services offered by the company include consumer research, country reports, risk reports, valuations and advisory, financial research, due diligence, procurement and supply chain research, data analytics, and analytical dashboards.
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