- ID: 1052570
- February 2016
- Region: United States
- 10 pages
- First Research
Brief Excerpt from Industry Overview Chapter:
Companies in this industry provide cleaning, washing, and waxing services for cars, trucks, vans, and trailers. Major US companies include Autobell Car Wash, Mister Car Wash, Blue Beacon International, and Wash Depot (all based in the US), along with IMO Car Wash Group and Mr Wash Autoservice (both based in Germany) and Uhoda (Belgium).
Worldwide, there are more than 150,000 retail car wash locations, according to the International Carwash Association. Germany is home to a particularly high number of commercial car washes. Global sales of new cars, a key industry growth driver, have recently increased significantly in Spain, China, and the UK, according to PricewaterhouseCoopers.
The US car wash industry includes about 15,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $7 billion. The industry includes full- and self-service car wash facilities, as well as truck and bus washes and vehicle detailing services.
Demand is driven by new car sales and growth in consumer income. The profitability of individual firms depends on favorable location and efficient operations. There are few economies of scale. Chains have advantages in advertising and customer recognition. Small firms can compete successfully by having good locations. The industry is highly fragmented: the 50 largest US companies hold less than 20 percent of the market.
Quarterly Industry Update
Call Preparation Questions
Web Links and Acronyms