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Car Wash & Auto Detailing in the US - Industry Market Research Report

Car Wash & Auto Detailing in the US - Industry Market Research Report

  • July 2021
  • 40 pages
  • ID: 199197
  • Format: PDF
  • Ibisworld

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Sparkling clean: Revenue growth will be bolstered by rising per capita disposable income

Abstract

Car Wash & Auto Detailing in the US
The Car Wash and Auto Detailing industry has experienced strong growth over the five years to 2019, as the economy continued to grow and industry operators reaped the benefits of rising employment and per capita disposable income. Severe drops in oil prices during the early half of the period have also encouraged more consumers to hit the road, as lower gas prices translated to a greater number of cars used. As a result, consumers were more likely to purchase discretionary services, such as car washes and auto detailing. Broader economic landscape has boded well with industry growth, as not only more vehicles are joining the road but individuals have also been driving personal vehicles more frequently. Consequently, average industry profit, measured as earnings before interest and taxes, is expected to rise as demand industry services increases. This profit growth stems from changes in product offerings by industry operators. Demand for services provided by the Car Wash and Auto Detailing industry is expected to continue expanding over the five years to 2024, albeit at a slower pace than the previous five-year period. Consequently, industry revenue is projected to grow.

Operators in the Car Wash and Auto Detailing industry clean, wash and wax automotive vehicles, such as passenger cars, trucks, vans and trailers. This industry also includes self-service car wash establishments. The Car Wash and Auto Detailing industry does not include companies that predominantly change motor oil or provide automotive repair and maintenance services.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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