Industry Analysis & Industry Trends
Operators in the Car Wash and Auto Detailing industry experienced recessionary declines, but overall revenue grew marginally over the five years to 2014. In the next five years, rising per capita disposable income and increasing environmental awareness of water usage will boost industry revenue... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Car Wash and Auto Detailing industry is in the mature phase of its industry life cycle. Industry value added (IVA), which measures the industry's contribution to GDP, is expected to rise at an average annual rate of 2.9% in the 10 years to 2019, slightly higher than GDP growth of 2.3% over the same period. Consequently, IVA growth is slightly better than the Canadian economy as a whole. There are, however, other indications of the industry's maturity.
The industry has established downstream consumer and business markets; therefore, industry revenue is ultimately dependent on economic factors, such as the number of vehicles on the road as well as disposable income, corporate and consumer spending growth... purchase to read more