India Parts Washer Market Size & Outlook, 2023-2030
India parts washer market, 2018-2030 (US$M)
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India parts washer market highlights
- The India parts washer market generated a revenue of USD 79.1 million in 2023 and is expected to reach USD 127.1 million by 2030.
- The India market is expected to grow at a CAGR of 7% from 2024 to 2030.
- In terms of segment, aqueous-based parts washers was the largest revenue generating cleaning method in 2023.
- Ultrasonic parts washers is the most lucrative cleaning method segment registering the fastest growth during the forecast period.
Parts washer market data book summary
| Market revenue in 2023 | USD 79.1 million |
| Market revenue in 2030 | USD 127.1 million |
| Growth rate | 7% (CAGR from 2023 to 2030) |
| Largest segment | Aqueous-based parts washers |
| Fastest growing segment | Ultrasonic parts washers |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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 |
| Key market players worldwide | Bio-Circle Surface Technology, Walter Surface Technologies, Safety-Kleen Systems, Heritage-Crystal Clean, Safetykleen, CRC Industries, NCH Corporation, SBS Ecoclean Group, Valiant TMS, Service Line, Proceco, Rozone, Cleanway, Vollrath Manufacturing Services, Ultrasonic Power Corporation, DENIOS |
Other key industry trends
- In terms of revenue, India accounted for 3.7% of the global parts washer market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China parts washer market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 127.1 million by 2030.
Aqueous-based parts washers was the largest segment with a revenue share of 41.47% in 2023. Horizon Databook has segmented the India parts washer market based on solvent-based parts washers, aqueous-based parts washers, ultrasonic parts washers, bioremediation aqueous parts washer covering the revenue growth of each sub-segment from 2018 to 2030.
• Government initiatives aimed at promoting domestic production and exports are indirectly creating a favorable environment for the growth of the parts washer market in India.
These initiatives are aimed at enhancing the competitiveness of Indian manufacturers, expanding their market reach, and driving the overall industry growth.
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Parts Washer Market Scope
Parts Washer Market Companies
| Name | Profile | # Employees | HQ | Website |
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India parts washer market size, by cleaning method, 2018-2030 (US$M)
India Parts Washer Market Outlook Share, 2023 & 2030 (US$M)
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