What Industry Does Car Detailing Fall Under?
Generally, the auto detailing market is split into two categories. One segment focuses on the external vehicle’s finish, while the other involves cleaning the interior cabin. The market is expected to expand at a CAGR of 9.6% from 2022 to 2031, according to a recent report by Transparency Market Research. The report focuses on a number of factors that will drive the car detailing industry during the forecast period.
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The growth of the market is primarily driven by the increasing focus of consumers on the overall look and condition of their vehicles. This is due to the fact that a well-maintained vehicle is more likely to last longer. In addition, newer technology is expected to increase further the demand for auto detailing services. The growing awareness also bolsters the market among consumers about the hygiene of their vehicles. This is evident in the rise in the usage of steam cleaners and pressure washers.
The rise in consumer disposable income is also a key driver of the industry. The increased income has also led to an increase in the sale of passenger vehicles. Furthermore, the rising popularity of luxury vehicles is fueling the demand for customized car detailing services. The Asia-Pacific region is expected to dominate the global auto detailing market during the forecast period. The growth of the industry in Asia-Pacific is attributed to the growing awareness of vehicle hygiene among young automobile buyers.
The internal car detailing segment has gained a strong foothold in the US and is expected to expand at a CAGR rate of 8.2% from 2021 to 2026. The key players in this segment include D&S Car Wash Equipment Co., Oasis Car Detailing Systems, PECO Car Detailing Systems, CAROLINA PRIDE Carwash Systems, and Tommy Car Detailing Systems. In addition, the increase in the number of rollover/in-bay car washes is projected to provide a significant sales opportunity to the industry in the future.
The global car detailing market is also driven by the increase in the use of dusters in basic vehicle cleaning applications. The demand for dusters increases due to their high efficiency and low costs. Another factor that is boosting the market is the rise in the number of people who have shifted from rural to urban areas.
The key vendors in the car detailing market are engaged in varied strategies to strengthen their position in the market. Some of the common strategies include the expansion of their product portfolios, mergers and acquisitions, and the development of innovative products. In addition, the companies are also focusing on expanding their regional presence.
The global car detailing market is consolidated. The industry is expected to witness a growth of US$3.35 billion by 2031. This is mainly driven by the rising demand for automobile cleaning products, the rising prevalence of COVID-19, and the growing sales of premium vehicles. The demand for external and internal car detailing is also estimated to increase.
The growth of the car detailing industry in Asia-Pacific is largely attributed to the growing demand for luxury vehicles and the rise in the awareness of vehicle hygiene. The increase in the number of passenger vehicles is further fueling the market in Asia-Pacific.