Scrubbing up: Rising discretionary income and stronger economic conditions to refresh revenue
Revenue for the Car Wash and Detailing Services industry is expected to decline at an annualised 2.5% over the five years through 2022-23, to $531.6 million. This decline can largely be attributed to economic disruptions due to the COVID-19 pandemic, as restrictions on movement and gatherings limited industry demand over the three years through 2021-22. High inflation and rising interest rates are expected to lead to a significant drop in consumer spending power in the current year, contributing to an estimated 4.4% drop in industry revenue in 2022-23. Logistical bottlenecks are also expected to contribute to a drop in margins in the current year, as input costs rise and revenue falls, margins are set to fall to 7.1%.
Industry operators primarily wash, wax and detail automotive vehicles, including passenger cars, trucks, vans and trailers. The industry excludes companies that predominantly 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's key players and their market shares.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Magic Hand Car Wash Franchisor Pty Ltd
Methodology
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