Car Care Products Market growth driver analysis 2022 - 2030.

The global car care products market size is expected to reach USD 14.48 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.3% from 2021 to 2028. The increasing awareness among customers regarding the maintenance of cars to increase their life is expected to drive the market over the forecast period.

The market for car care products is expected to grow significantly owing to the advancements in car washing technologies. Several modern technologies such as in-bay automatic car washing systems and tunnel automatic car washing systems are used in large service centers and professional car washing facilities, which require minimal human effort, leading to a significant reduction in car washing time.

Car Care Products Market Segmentation

Grand View Research has segmented the global car care products market on the basis of product, packaging volume, and region:

Based on the Product Insights, the market is segmented into Car Cleaning Products, Car Polish, Car Wax, and Wheel & Tire Care Products, Glass Cleaners, Interior Care Products and Others.

  • Car cleaning products led the market and accounted for above 31.0% share of the global revenue in 2020. This is attributed to the wide usage of shampoo and detergent for the cleaning of the exterior metal surface of the cars.
  • The carwax segment is expected to be driven by its wide usage for the protection of the exterior surface of the vehicle from stains & smudges. They are specially formulated to fill minor scratches and add shine to the vehicle.
  • Interior care products are expected to expand at a CAGR of 3.3% over the forecast period on account of the rising awareness among vehicle owners regarding the maintenance of interiors.

Based on the Packaging Volume Insights, the market is segmented into Less than 250 ml, 251 - 500 ml, 501 - 999 ml, 1 L - 5 L and Above 5 L.

  • Car care products with a packaging volume of 501 - 999 ml led the market and accounted for about 39.0% share of the global revenue in 2020.
  • Car care products with a packaging volume of 1 L - 5 L are usually preferred at medium-scale workshops, washing centers, repair workshops, and service stations that cater to several cars and utilize these products frequently on a daily basis.
  • The above 5 L packaging volume segment is primarily preferred for commercial usage by large level entities, including large service stations, dealerships, company car care centers, and detailing workshops.
  • The less than 250 ml packaging volume segment is primarily used for the storage of small quantities of products, such as polishes, paste-based wax, and interior care products.

Car Care Products Regional Outlook

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

Key Companies Profile & Market Share Insights

The market is highly fragmented owing to the presence of several key players. The competition is primarily driven by the application scope. Several companies in the market provide various specialty products for the end-use segments, such as personal cars, light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs). The growth of the automotive industry, primarily in the developing economies of Central and South America and Asia Pacific, offers several opportunities for product manufacturers for the expansion of their geographical reach and product portfolios.

Some prominent players in the Global Car Care Products market include:

  • 3M
  • Sonax GmbH
  • Tetrosyl Ltd.
  • Chemical Guys
  • Armor All
  • Adolf Wurth Group
  • MAFRA S.p.A.
  • Cartec B.V.
  • Turtle Wax
  • Liqui Moly GmbH

Order a free sample PDF of the in Car Care Products Market Intelligence Study, published by Grand View Research.

Comments

Post a Comment

Popular posts from this blog

Medical Device Validation & Verification Market Outlook Till, 2020-2027

The global medical device validation and verification market size is expected to reach USD 1.1 billion by 2027, expanding at a CAGR of 11.1% over the forecast period, according to a new report by Grand View Research, Inc. Download Free Sample -  https://www.radiantinsights.com/research/medical-device-validation-&-verification-market/request-sample Increase in demand for advanced and quality medical products and rising complexity with respect to product designing and engineering are anticipated to boost market growth. Rapid innovations in healthcare have increased the need for companies to incorporate new technologies and software applications in their products to meet the demand for validation and verification. Increase in product complexity, availability of newer types of material, and high risk of product failures are some of the key factors increasing the need for validation and verification services. North America dominated the global medical device validation and verificat...
Read more

Athleisure Market Product Estimates & Strategy Framework To 2022 - 2030.

The global  athleisure market  size is expected to reach USD 662.56 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.9% from 2022 to 2030. Athleisure is a popular category because it taps into several broad trends, including a global shift toward consumers wearing more casual clothing, consumers seeking comfortable clothing, and health-conscious consumers engaging in more athletic activities and requiring performance clothing for these activities. True Fit's Fashion Genome (via Direct Commerce), which analyses data from 17,000 brands and 180 million True Fit users, confirms that athleisure orders have increased by 84 percent since the pandemic began; sales of women's athleisure bottoms in the United Kingdom alone were five times higher in December 2020 than in April 2020. In addition, order volumes for men's athleisure wear sales increased by 20% from the previous year. Target's activewear line, All ...
Read more

Light Curing Coating Global Market Size Comparison, Analysis, 2020

UV light-curing equipment is ideal for industrial bonding, coating, encapsulating, and potting, as well as sealing applications. In the context of China-US trade war and global economic volatility and uncertainty, it will have a big influence on this market. Light Curing Coating Report by Material, Application, and Geography - Global Forecast to 2023 is a professional and comprehensive research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, United Kingdom, Japan, South Korea and China). Download Free Sample Copy  -  https://www.radiantinsights.com/research/global-light-curing-coating-market-research-report-2020-2024/request-sample In this report, the global Light Curing Coating market is valued at USD XX million in 2020 and is projected to reach USD XX million by the end of 2024, growing at a CAGR of XX% during the period 2020 to 2024. The report first...
Read more