(MENAFN- PR Newswire) DUBLIN, Feb. 22, 2024 /PRNewswire/ -- The "Global Parts Washer Market - Outlook & Forecast 2024-2029" report has been added to
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The global parts washer market was valued at USD 1.40 billion in 2023 and is expected to reach $1.93 billion by 2029, growing at a CAGR of 5.51% from 2023-2029
The global parts washer market is highly competitive, with many vendors. The rapid technological changes adversely impact market vendors as consumers increasingly expect continuous technology-enabled innovations and upgrades to existing products. The present scenario drives vendors to alter and refine their unique value propositions to achieve a stronger industry presence.
The key global parts washer market players are Ecoclean Group, Safety-Kleen Systems, and Cleaning Technologies Group. Moreover, the presence of diversified global and regional vendors characterizes the industry. Many vendors are enhancing several product features by reducing machine weight, lowering sound levels, and enhancing the run time. Such initiatives will enable vendors to gain a competitive edge over other vendors in the market.
APAC was the largest revenue contributor to the global parts washer market, accounting for a market share of over 43% in revenue in 2023. Increasing investment and the Y-O-Y growth in government spending on automotive, aerospace, and industrial equipment in significant economies, such as India and China, have significantly raised the demand for parts washers.
Also, the shift toward sustainable practices across India, China, and Japan encourages the adoption of aqueous-based parts washers in the region. The growing adoption of advanced technologies, such as automated parts washers, attracts several regional industries for effective and efficient cleaning equipment. Furthermore, the higher prevalence of vendors of electronic appliances in the Chinese market is expected to drive the parts washer market across the electronic end-user segment.
MARKET TRENDS & DRIVERS
Increasing Use of Parts Washers in the Automotive Industry
Parts washers are increasingly used in automotive applications. With the rising global car production, more parts need to be washed regularly, which has increased the consumption of parts washers and made them crucial equipment across automobile manufacturing facilities.
These are useful tools for removing grease, oil, dirt, and other contaminants from vehicle parts to ensure industry standards with efficient quality and dependability of vehicles in the long run, as parts, such as engine components, gearboxes, and wheels, require regular washing for proper lubrication protection against corrosion, which can lead to costly downtime during manufacturing or even vehicle breakdowns on the road.
Furthermore, a parts washer sprays hot or cold or mixed water solvent to break up grease on the surfaces of cars before they are polished. The cleaning removes dirt and debris from difficult areas, such as nooks and crannies, cleans fluids from coolant leaks, and cleans oils and brake fluid spills without damaging the automobile's paint finish. It also ensures a good appearance after every wash cycle by removing grime, which could potentially cause corrosion if left untreated.
Increasing Demand for Aqueous-Based Parts Washer
Adopting automatic aqueous-based parts washers has risen among end-use industries as they are sustainable choices compared with other parts washers because they use less water and detergent and reduce the amount of wastewater as they do not require harsh chemicals.
Moreover, they use less water and energy than solvent-based cleaners, which helps lower operating costs for machine manufacturers. In addition, manufacturers emphasize advancing the aqueous-based parts washer due to the high adoption of aqueous-based parts washers among the end-use industries concerning lowering industrial waste with rising environmental concerns.
Furthermore, effective water-based cleaning can be achieved by accurately combining water, mechanical scrubbing, and heat in the aqueous-based parts washer. Hence, such factors create lucrative opportunities in the aqueous-based parts washer market during the forecast period.
SEGMENTATION INSIGHTS
INSIGHTS BY CLEANING AGENT
The solvent cleaning agent segment is expected to be the largest shareholder of the global parts washer market in 2023. A solvent-based parts washer is a cleaning machine that removes dirt, grease, and other contaminants from various parts and components in the automotive, aerospace, and manufacturing industries. The growing industrialization and increasing demand for precision cleaning drive industry growth.
Maintaining clean and functional equipment to ensure optimal performance and longevity further propels the industry. Additionally, strict regulations and standards imposed by governments and environmental agencies regarding workplace safety and waste management are boosting the adoption of solvent-based parts washers.
INSIGHTS BY WASHER TYPE
The global parts washer market by washer type is segmented into a convery, drum washer, rotary basket washer, and cabinet washer. The convery washer segment is expected to be the largest in the global market by washer type. Conveyor parts washers are well-suited for facilities engaging in high-volume cleaning operations.
Convery parts washers are generally used in industrial cleaning applications and can usually clean dirt and grime from surfaces. However, the drum parts washer is more effective in removing oil and grease. The parts washer breaks down the bond that exists on a molecular level in oil and grease and can also get rid of bacteria and other residues efficiently due to the distributed heat.
INSIGHTS BY TRANSMISSION
The manual transmission segment holds the most prominent share of the global parts washer market. Manual parts washers require direct user involvement in the cleaning process.
These washers are particularly suitable for environments where the cleaning requirements are not as extensive or the volume of parts to be cleaned is relatively low. Manual parts washers are more popular as they are used for small and light-duty cleaning. These machines are generally lightweight, making them highly portable.
INSIGHTS BY END-USER
The global parts washer market by end-user is segmented into industrial machinery, automotive, pharmaceutical, aerospace, electronics, and others. The industrial machinery end-user segment generated the maximum revenue in the market in 2023. The scenario is expected to remain consistent throughout the forecast period, owing to the rising demands for advanced tools from industries.
Moreover, the industrial machinery market has been growing steadily over the years, driven by the demand for automation and the modernization of production processes. The market growth is also fueled by the growth of the manufacturing sector, especially in developing countries. Technological advancements in the industry are also driving the market growth of industrial machinery.
Manufacturers are increasingly adopting advanced technologies like the Internet of Things (IoT), Artificial Intelligence (AI), and Robotics to enhance the efficiency and productivity of their machinery. With the increasing demand for high-quality goods and improved production processes, the industrial machinery market is expected to continue growing in the coming years; these factors further support the segmental growth.
Key Company Profiles
Ecoclean Group Safety-Kleen Systems Cleaning Technologies Group
Other Prominent Vendors
Valiant TMS South Shore Controls EUROMACK Machine Dolfin LABOREX Bonfiglioli Ultramax Hydrojet Pvt. Ltd. Con Air Oil Lube Systems Pvt Ltd. KITTNER Anlagen - und Maschinenbau Wespy Vollrath Manufacturing Services CRC Industries MECWASH SYSTEMS LIMITED StingRay Parts Washer Equipment Manufacturing Corporation Firbimatic Graymills AEC Systems, LLC PROCECO Ltd. JRI Industries The Mart Corporation EZ Industrial Equipment, LLC Great Lakes Finishing Equipment, Inc TEMCO Alliance Manufacturing, Inc ChemFree Corporation Digcher Numafa
Market Opportunities & Trends
Increasing Demand for Aqueous Washer Rising Demand for Energy-Efficient Parts Washer Growing Inclination Toward Sustainability
Market Growth Enablers
Increasing Use of Parts Washer in Automotive Industry Technological Advances and Increased Product Efficiency High Potential in Cleaning Medical Devices
Market Restraints
Raw Material Price Fluctuations Declining Production and Sales Volume in Automotive Industry
Industry Overview
Water vs Solvent Parts Washer
Rising Demand for Automation in Medical Cleaning Equipment Sustainability Trends Stringent Regulations Value Chain Analysis Trending Technologies Cyclic Nuclition Vector Kinematics
Consumer Behaviour Analysis
Needs and Applications Cleaning Efficiency and Performance Technology and Innovation Environmental Considerations Compliance with Regulations Total Cost of Ownership Brand Reputation Customization and Flexibility After-Sales Support and Services Industry Trends and Peer Influence
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