Global Parts Washer Market Size & Outlook, 2023-2030
The parts washer industry worldwide is expected to reach a projected revenue of US$ 3,026.8 million by 2030. A compound annual growth rate of 5.1% is expected of the worldwide parts washer industry from 2024 to 2030.
Revenue, 2023 (US$M)
$2,137.1
Forecast, 2030 (US$M)
$3,026.8
CAGR, 2024 - 2030
5.1%
Report Coverage
Worldwide
Global parts washer market, 2018-2030 (US$M)
Related Markets
Global parts washer market highlights
- The global parts washer market generated a revenue of USD 2,137.1 million in 2023 and is expected to reach USD 3,026.8 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 5.1% by 2030.
- In terms of segment, aqueous-based parts washers accounted for a revenue of USD 908.7 million in 2023.
- Ultrasonic parts washers is the most lucrative cleaning method segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, New Zealand is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 2,137.1 million |
| Market revenue in 2030 | USD 3,026.8 million |
| Growth rate | 5.1% (CAGR from 2023 to 2030) |
| Largest segment | Aqueous-based parts washers |
| Fastest growing segment | Ultrasonic parts washers |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solvent-based parts washers, Aqueous-based parts washers, Ultrasonic parts washers, Bioremediation Aqueous parts washer |
Other key industry trends
- In terms of revenue, the North America accounted for 20.7% of the global parts washer market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, New Zealand is the fastest growing regional market and is projected to reach USD 16.2 million by 2030.
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Parts Washer Market Scope
Parts washer market segmentation & scope
Parts Washer Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global parts washer market size, by regions, 2018-2030 (US$M)
Top 10 countries: Parts washer market size, 2023 (US$M)
Global parts washer market share, by cleaning method, 2023 & 2030 (%, US$M)
Parts washer market: Opportunity assessment by country
Global parts washer market, by region, 2023 (US$M)
| Cleaning Method | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 408.2 | 424.5 | 394.6 | 410.2 | 426.3 | 442.5 | 459.3 | 477.8 | 498.0 | 520.6 | 545.4 | 572.5 | 602.2 | 4.5% |
| Europe | 451.9 | 471.3 | 438.8 | 457.3 | 476.7 | 495.8 | 515.6 | 537.6 | 561.4 | 588.1 | 617.4 | 649.4 | 684.5 | 4.7% |
| Asia Pacific | 746.1 | 784.7 | 734.0 | 770.1 | 807.6 | 846.8 | 889.0 | 933.7 | 986.0 | 1,041.9 | 1,102.3 | 1,169.5 | 1,242.9 | 5.6% |
| Latin America | 186.2 | 192.1 | 179.2 | 186.2 | 194.1 | 203.6 | 212.4 | 223.9 | 232.6 | 244.8 | 259.2 | 273.7 | 290.0 | 5.2% |
| MEA | 136.8 | 142.2 | 132.0 | 137.2 | 142.6 | 148.5 | 154.7 | 161.5 | 169.0 | 177.3 | 186.4 | 196.4 | 207.3 | 4.9% |
| Overall | 1,929.2 | 2,014.8 | 1,878.6 | 1,961.0 | 2,047.2 | 2,137.1 | 2,231.0 | 2,334.4 | 2,447.0 | 2,572.8 | 2,710.7 | 2,861.6 | 3,026.8 | 5.1% |
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