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          1. Car Washes Industry Profile

            Report Page Length: 10-12
            Last Quarterly Update: 6/29/2020
            SIC Codes: 7542
            NAICS Codes: 811192
            Chapters Include:
            Industry Overview Trends & Challenges Industry Forecast
            Quarterly Industry Update Call Prep Questions Website & Media Links
            Business Challenges Financial Information Glossary & Acronyms
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            Excerpt from Car Washes Industry Profile

            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, and Zips Car Wash (all based in the US), along with Mr Wash Autoservice (based in Germany) and Uhoda (Belgium).

            There are approximately 80,000 professional car wash locations in North America, and nearly the same number in Europe, according to estimates from the International Carwash Association. Germany is home to a particularly high number of commercial car washes. Global sales of new cars are a key industry growth driver. China, the US, Japan, India, and Germany are the top markets for new car sales by volume, according to the OICS (International Organization of Motor Vehicle Manufacturers).

            The US car wash industry includes about 16,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $9 billion. The industry includes full- and self-service car wash facilities, as well as truck and bus washes and vehicle detailing services.

            COMPETITIVE LANDSCAPE

            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% of the market.

            A key ...

             
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