Infographic: Projected carwash industry growth - Professional Carwashing & Detailing

Infographic: Projected carwash industry growth

Business is booming, and here are the numbers.

If you think you’ve been seeing more carwashes around than in the past, you’re probably right. The carwash business is booming and so is the competition.

“The professional carwash market is currently experiencing staggering growth, which is fueled by consumers with more disposable income and investors who are interested in our industry’s minimal labor, high volume and quick return on investment business models,” Editorial Director/Editor in Chief Rich DiPaolo wrote in the Professional Carwashing & Detailing November feature, “Strength with numbers.”

DiPaolo begins the article by laying out the facts about carwash industry growth.

“According to IBISWorld Industry Report 8119a: Car Wash & Auto Detailing in the US, our industry’s annual revenue over a five-year period through 2016 is anticipated to increase at an annualized rate of 3.1 percent to $10.2 billion with $1.9 billion in profit. And, according to the report, annual growth in this market will continue through 2021 at an estimated 1.7 percent.

“While there are many contributing factors to this growth, added the report, disposable income is expected to boost the industry’s revenue mark by 2.3 percent this year alone,” DiPaolo said.

According to the IBISWorld report, “Moreover, average industry profit is expected to rise from 16 percent of revenue in 2011 to 19.1 percent in 2016. In line with rising profit margins, the number of carwashing companies is expected to increase at an annualized rate of 0.9 percent to 63,150 operators over the five years to 2016.”

DiPaolo then goes on to discuss the impact these rising numbers have on individual carwash businesses and how owners and operators need to embrace change in the face of so much new competition.

The PC&D team has created the infographic below to help illustrate the statistics from the IBISWorld report for projected carwash industry growth.


You May Also Like

Quick Quack Car Wash honored as a best led company in 2024

ROCKLIN, Calif. — Quick Quack Car Wash received a Glassdoor award honoring exceptional senior leadership at the company.

ROCKLIN, Calif. — Quick Quack Car Wash has been named a winner of Glassdoor’s inaugural award for Best-Led Companies 2024 in the United States, stated a press release.

This award honors companies with exceptional senior leadership teams that go above and beyond to redefine the employee experience.

Navigating opportunities and challenges

The dynamic express carwash industry offers promising opportunities for entrepreneurs and investors amid growing consumer demand for convenient, eco-friendly automotive solutions.

Navigating opportunities and challenges
Featured profile: Zax Auto Wash

Following the business’ journey from humble beginnings to a bright future.

Zax Auto Wash feature profile January 2024 issue of PC&D - Car Wash Advisory
Open for business

With the excitement of a new year, what can operators expect in 2024?

open for business sign
Welcome to the 2023 Top 50 list

In December 2023 issue, we unveil the leading conveyor carwash chains in the country.

Other Posts

PRT launches 59 new complete strut assemblies to North America

BUFORD, Ga. — The new items represent nearly 12 million vehicles in new coverage and extend the PRT portfolio in North American aftermarket.

Sud Stop launches first location with $5 premium plans

ORLANDO, Fla. — The Sud Stop Car Wash brand has sights on more than 30 express carwash locations across the Southeast United States.

Mammoth Holdings opens Today’s Car Wash

HEWITT, Texas — This is the eighth site under the Today’s Car Wash brand and represents Mammoth’s goal of reaching 500 sites nationwide.

mammoth holdings logo
Metro Express Car Wash CEO’s influential recognition

BOISE, Idaho — Bill Martin was honored as a CEO of Influence for his 50 years of dedication and innovation in the carwash industry.