U.S. Car Wash Equipment Market (2016-2020) - Decline in Home Car Washing & Environmental Regulations - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "The U.S. Car Wash Equipment Market: Size, Trends and Forecasts (2016-2020)" report to their offering.

The U.S. car wash equipment market has 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 quiet 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 being 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 equipment & systems and production capacity expansion of the equipment manufacturing companies.

Companies Mentioned:

  • Coleman Hanna
  • Ryko Solutions, Inc.
  • Sonny's Enterprises, Inc.
  • Wash Tec Group

Key Topics Covered:

1. Executive Summary

2. Introduction

3. The U.S. Market Analysis

4. Market Dynamics

5. Competitive Landscape

6. Company Profiling

For more information about this report visit http://www.researchandmarkets.com/research/qkntfj/the_u_s_car_wash

Related Topics: Automotive

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Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716