The U.S. Car Wash Equipment Industrial and Market studies: Size, Trends and Forecasts (2016-2020)
"The
U.S. Car Wash Equipment Market: Size, Trends and Forecasts
(2016-2020)"
The Report covers current Market Trends, Worldwide Analysis, Global
Forecast, Review, Share, Size, Growth, Effect.
Description-
Scope
of the Report
The
report titled The U.S. Car
Wash Equipment
Market: Size, Trends and Forecasts (2016-2020) provides an in-depth
analysis of the U.S. car wash equipment market with detailed analysis
of market size and growth pattern in the market. The report also
provides market size of each segment of the market based on the car
wash system type along with the detailed analysis of their segments
based on the facility.
The
report also assesses the key opportunities in the market and outlines
the factors that are and will be driving the growth of the industry.
The growth of the overall U.S. car wash equipment market has also
been forecasted for the period 2016-2020, taking into consideration
the growth patterns, the growth drivers and the current and future
trends. The competition in the U.S. car wash equipment market is
stiff and dominated by the big players like Wash Tec Group. Further,
key players of the car wash equipment market, Coleman Hanna, Ryko
Solutions and Sonny Enterprises are also profiled with their
financial information and respective business strategies.
Company
Coverage
Wash
Tec Group
Coleman
Hanna
Ryko
Solutions, Inc.
Sonnys
Enterprises, Inc.
Executive
Summary
The
U.S. car wash equipment market have increased at a significant annual
growth rate in 2015 as compared to the preceding year 2014 and
projections are made that the market would rise in the next five
years, i.e. 2016-2020 tremendously. The upsurge in the market was
largely attributable to the upsurge in the car wash service market.
This is because of the sound growth in the United States motorized
vehicle population, consumer focus on maintaining the value of the
car along with the existence of the quite Do-It-For-Me (DIFM)
revolution in the economy.
The
major growth drivers for the U.S. car wash equipment market are: new
car registrations, decline in home car washing and environmental
regulations. There has been rise in the car on the road in the U.S.
due to rise in disposable income of the consumers, decline in
gasoline prices and low interest rates on loans. This has also led to
decline in the home car washing market share. The consumers are now
getting educated about the benefits of commercial car wash services
such as better efficiency and higher safety. Also, increasing
environmental consciousness among people is driving the commercial
car wash services as professional car cleaning ensures optimal
deployment of water resources and proper dumping of solid waste.
Despite the market is governed by various growth drivers, there are
certain challenges faced by the market, such as barrier to new
entrants, cyclical nature of the business and the 2016 agreement.
Some of the recent trends in the market include, technological
advancements, eco-friendly equipments & systems and production
capacity expansion of the equipment manufacturing companies.
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