According to a recent market study published by Growth Market Reports, titled, "Global Water/Aqueous Based Parts Washers Market by product types, operation mode, distribution channels, by end-user industries and by Region: Size, Share, Trends and Opportunity Analysis, 2017-2027", the market was valued at USD 482.5 Million in 2019 and is expected to grow at a healthy growth rate of 5.4% by the year 2027. The water/aqueous based parts washer market is anticipated to grow significantly during forecast period. Water/aqueous-based parts washers are integral to many manufacturing processes. The expansion of automotive, aerospace, medical, and other industries in developing economies is projected to fuel the demand for water/aqueous-based parts washers during the forecast period. Moreover, end-users from the manufacturing industry are emphasizing on increasing the life span of equipment to reduce maintenance & operation cost and increasing profits. This, in turn, is anticipated to increase the demand for water/aqueous-based parts washers, as they help maintain the operational efficiency of the industrial and manufacturing equipment by removing dirt, grease, oil, among other contaminants.

Request a free sample copy: https://growthmarketreports.com/request-sample/1293

Global Water/Aqueous Based Parts Washers Market has been fragmented based on product types, operation mode, distribution channels, by end-user industries, and by regions. In terms of product types, the global water/aqueous based parts washer market is categorized as spray cabinet parts washer, immersion parts washer, conveyor parts washer, rotary drum parts washer, ultrasonic washer, and others. Based on operation mode, the market is classified as Automatic (Semi and Fully Automatic) and Manual. In terms of distribution channels, the market is classified as online and offline. Considering end user industries, the market is segmented as automotive, aerospace, medical devices, pharmaceutical, semiconductor & electronics, and others. By region water/aqueous based parts washer market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). North America region is further bifurcated into countries such as the U.S., and Canada. The Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, the Asia Pacific is further segmented into, China, Japan, South Korea, Australia, Southeast Asia, and Rest of Asia Pacific. The European region is further categorized into Germany, France, Italy, the U.K., Spain, Russia, and the Rest of Europe, and the MEA region is further divided into Saudi Arabia, South Africa, UAE, and the Rest of MEA.

The effect of COVID-19 pandemic situation has led to the closure of several non-essential businesses reducing the demand for industrial goods in the world, which in turn, is affecting several industries worldwide. The COVID-19 pandemic has negatively affected the production activities across water/aqueous based parts washer manufacturing units worldwide, the demand for water/aqueous based parts washer has lowered throughout the pandemic. As the frequency of production across automotive and other industries has lowered during the lockdown period. The global supply chain has slowed down due to restrictions on national borders. Regarding the water/aqueous based parts washer market as demand has been growing at low growth rate during pandemic situation. Additionally, the water/aqueous based parts washer production has slowed down and the market is expected to witness moderate growth post COVID.

As per Growth Market Reports industry analyst Vidya Jadhav, “Technological advancements in water/aqueous-based parts washers and increasing adoption of automatic water/aqueous-based parts washers in various industries are anticipated to drive the growth of Water/Aqueous Based Parts Washers Market significantly”.

Key Takeaways from the Study:

  • The water/aqueous-based parts washer market in Asia Pacific is projected to expand at a rapid pace during the forecast period due to expansion of automotive, aerospace, and bio-medical sectors in the region, which is projected to fuel the demand for water/aqueous-based parts washers during the forecast period.
  •  The ultrasonic segment is expected to account for a key share owing to increasing demand for pharmaceutical and medical applications. Ultrasonic washers are widely used to clean complex medical devices.
  • The market is moderately fragmented, as many players operate in this market. The risk of competitive rivalry is expected to rise in the future, due to growing demand for water/aqueous-based parts washer from numerous end-user industries.

Report Scope:

Report Metric

Details

Market Value in 2019

USD 482.5 Million

Market Growth Rate (from 2021 to 2027)

5.4%

Historical Data

2017 & 2018

Base Year

2019

Forecast Period

2020 – 2027

Market Segments

Product Types, Operation Mode, Distribution Channels, End-User Industries

Regional Scope

North America, Europe, Latin America, Asia Pacific, Middle East & Africa (MEA)

Country Scope

U.S., Canada, Brazil, Mexico, Rest of Latin America, China, Japan, South Korea, India, Australia, Southeast Asia, Rest of Asia Pacific, Germany, France, Italy, U.K., Spain, Russia, Rest of Europe, Saudi Arabia, South Africa, UAE and Rest of MEA.

Key Companies Profiled

SBS Ecoclean Group, Safety-Kleen Systems, Valiant TMS, South Shore Controls, Inc., Stoelting Cleaning Equipment, Service Line, Inc., CRC Industries, PROCECO Ltd, MECWASH SYSTEMS LIMITED, StingRay Parts Washers, Equipment Manufacturing Corporation, Alliance Manufacturing, Inc, Firbimatic Spa, GRAYMILLS, AEC Systems, LLC.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience:

  • Supply-side: Water/aqueous based parts washer manufacturers, Raw material suppliers, Primary respondents, and Distributors.
  • Demand Side: Automotive industry, Aerospace industry, Medical devices industry, Pharmaceutical industry, Semiconductor & Electronics industry, and Other industries.
  • Regulatory Side: Concerned government authorities, commercial research & development (R&D) institutions, and other regulatory bodies.
  • Associations and Industry Bodies: United States Environmental Protection Agency (EPA), Federal Aviation Administration (FAA), European Aviation Safety Agency (EASA), U.S. Department of Health and Human Services (HHS), Center for Devices and Radiological Health (CDRH), and others.