The global car care products market size is expected to reach USD 14.1 billion by 2030 and is expected to expand at a CAGR of 3.6% from 2022 to 2030, according to a new report by Grand View Research, Inc. This growth is attributed to the increasing consumer awareness regarding vehicle repair and maintenance.
The increase in consumer spending on vehicle maintenance and the upkeep of its aesthetics is a significant driver for the market. In addition, the availability of automobiles at affordable prices in the form of has provused carsen to be a significant factor for today's users to purchase vehicles. This, in turn, results in the need for upkeep of the vehicles, leading to the increased industry demand for car care products.
Various types of car care products are available in the market, including waxes, polishes, interior, and exterior car care products, paint protection, tire cleaners, and glass cleaners. These products have different applications and help maintain the vehicle's overall appearance. Major players in the industry are focused on manufacturing products that can be used by different kinds of vehicles.
The industry exhibits a vast consumer base owing to a large number of vehicles in use. The products are used by automobile manufacturing companies and consumers directly. The industry players are located in different parts of the world and can easily switch suppliers owing to the presence of a large number of suppliers.
Request a free sample copy or view the report summary: Car Care Products Market Report
Car Care Products Market Report Highlights
By product, car cleaning products accounted for the largest revenue share in 2021 as these help in safely removing dirt, grease, oil stains, and other contaminants from the vehicle body and maintaining the aesthetics of the vehicle
The 251 - 500 ml packaging volume segment is expected to expand at a lucrative CAGR of 4.4% from 2022 to 2030. This is owing to the increasing focus of people driving newer cars on maintaining their appearance, which is expected to drive the demand for car polish, car wax, and glass cleaners, available in handy sizes, which is anticipated to benefit the segment growth
The retail (B2C) end-use segment held the largest revenue share of over 70.0% in 2021. This is due to the growing trend of Do-It-Yourself (DIY) applications for car maintenance among individual owners
By distribution channel, the retail chains segment held the largest revenue share in 2021. This is owing to the large-scale availability of car care products in organized retail outlets as per customer convenience
The North American region held the largest share in 2021 and is expected to maintain its lead over the forecast period. This is attributed to the mature automotive market in the area and the expected growing demand for car care products for preowned vehicles
Access Press Release @ https://www.grandviewresearch.com/press-release/global-car-care-products-market
Car Care Products Market Segmentation
Grand View Research has segmented the global car care products market based on product, packaging volume, end-use, distribution channel, and region:
Car Care Products Product Outlook (Revenue, USD Million, 2017 - 2030)
Car Cleaning Products
Car Polish
Car Wax
Glass Cleaning Products
Interior Care Products
Wheel & Tire Care Products
Others
Car Care Products Packaging Volume Outlook (Revenue, USD Million, 2017 - 2030)
Less than 250 ml
251 - 500 ml
501 - 999 ml
1000 - 5000 ml
More than 5000 ml
Car Care Products End-use Outlook (Revenue, USD Million, 2017 - 2030)
Retail (B2C)
Professional (B2B)
Car Care Products Distribution Channel Outlook (Revenue, USD Million, 2017 - 2030)
E-commerce
Retail Chains
Care Detailing Stores
Car Care Products Regional Outlook (Revenue, USD Million, 2017 - 2030)
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
France
Italy
Spain
Russia
Netherlands
Asia Pacific
China
India
Japan
South Korea
Indonesia
Australia
Central & South America
Brazil
Argentina
Chile
Middle East & Africa
Iran
UAE
Saudi Arabia
List of Key Players in Car Care Products Market
3M
Sonax GmbH
Tetrosyl Ltd.
Chemical Guys
Armor All
Adolf Wurth Group
MAFRA S.p.A.
Cartec B.V.
Turtle Wax, Inc.
Liqui Moly GmbH
Autoglym
Mothers
Adam's Polishes
Griot's Garage
Jopasu India Pvt. Ltd.
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Sign in to leave a comment.