Global Car Care Products Market Size To Exceed USD 18.35 Billion by 2032 | CAGR of 5.93%

Category: Advanced Materials

RELEASE DATE Apr 2023
REPORT ID SI1788

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Global Car Care Products Market To Exceed $18.35 Billion by 2032

 According to a research report published by Spherical Insights & Consulting, the Car Care Products Market Size is to grow from USD 12.83 Billion in 2022 to USD 18.35 Billion by 2032, at a Compound Annual Growth Rate (CAGR) of 5.93% during the projected period.

Global Car Care Products Market

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Browse key industry insights spread across 200 pages with 130 market data tables and figures & charts from the report on "Global Car Care Products Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Car Cleaning Products, Car Polish, Car Wax, Glass Cleaning Products, Interior Care Products, Wheel & Tire Care Products, Others), By Distribution Channel (Retail Chains, E-commerce, Care Detailing Stores, Others), By Vehicle Type (Passenger Vehicles, Commercial Vehicles), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 – 2032". Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/car-care-products-market

 

Car care products are synthetic compounds that are used to improve the appearance, life expectancy, and sheen of a vehicle. Car care products protect and cure wear and tear, ensuring that each aspect of the vehicle is correctly maintained and that the outside appearance of the vehicle is preserved. Pads, cleaning products, sprays, waxes, anti-aging moisturizing milk, and dust repellents are common components. Furthermore, rising sales of high-end and luxury automobiles, as well as electrically driven vehicles, which necessitate frequent maintenance to maintain the vehicle's premium appearance and sensation, will drive demand for car care products.

 

The passenger vehicles segment accounted the largest revenue share of more than 62.5% over the forecast period.

On the basis of vehicle type, the global car care products market is segmented into passenger vehicles and commercial vehicles. Among these, passenger vehicles are dominating the market with the largest revenue share of 62.5% over the forecast period. Passenger vehicle sales are rapidly increasing, and there is also a growing global market for used cars. Used cars only sell for a good price when they are in good shape. This is expected to increase demand for car care products.

 

The retail chains segment is witnessing significant CAGR growth over the forecast period.

On the basis of retail chains, the global car care products market is segmented into retail chains, e-commerce, care detailing stores, and others. Among these, capacitive is witnessing significant CAGR growth over the forecast period. The growing global dominance of established retail chains is expected to increase the availability of car maintenance supplies. Furthermore, e-commerce rose as the second-largest segment and is expected to expand the fastest throughout the projected period.

 

The interior care & car cleaning products segment is dominating the market with the largest revenue share over the forecast period.

On the basis of product type, the global car care products market is segmented into the car cleaning products, car polish, car wax, glass cleaning products, interior care products, wheel & tire care products, and others. Due to its widespread use in eliminating impurities and residues from the external surface of vehicles, the interior care & car cleaning products sector is dominating the market with the biggest revenue share of 38.6% over the projection period. Interior care items include a wide range of products used to clean the inside of autos. Furthermore, among automobile cleaning goods, the car wash shampoo and detergent market is a key segment since it aids in the safe removal of dirt, oil, grease, stains, and numerous other contaminants from the vehicle body.

 

North America dominates the market with the largest market share over the forecast period.

 

Global Car Care Products Market

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North America is dominating the market with more than 41.03% market share over the forecast period. North America has a developed consumer base for the car care products industry due to expanding automobile sales and improved awareness about vehicle maintenance. On the contrary, Asia Pacific is predicted to grow the fastest during the forecast period. This expansion can be attributed to a variety of factors, including a surge in car sales in some of the region's largest markets, such as China and India.

 

Major vendors in the Global Car Care Products Market include 3M, Illinois Tool Works, Adolf Wurth Group, Tetrosyl Ltd., Liqui Moly GmbH, Chemical Guys, MA-FRA S.p.A., Sonax Gmbh, Cartec B.V., Jopasu India Pvt. Ltd., Adam's Polishes, Griot's Garage, Amtra Sp. z o.o., Simoniz USA, Turtle Wax, Inc., and among others.

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting And Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Recent Developments

  • In September 2022, Turtle Wax just opened a new car care workshop in Mumbai in collaboration with Carxotic, which specializes in acquiring rare vehicles from throughout the country. The Turtle Wax Car Care Studio, staffed by qualified service technicians, provides a variety of car detailing services.

 

  • In January 2021, Motul is expanding its automotive product offering with the introduction of its new Car Care series. The one-of-a-kind cleaning and accessory products were designed based on Motul's extensive knowledge and expertise, and they provide effective and long-lasting care for the vehicle's interior and exterior. The new Car Care product series will be offered at select retail partners and will include eleven different care and cleaning items as well as six accessories.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Global Car Care Products Market based on the below-mentioned segments:

 

Car Care Products Market, Product Type Analysis

  • Car Cleaning Products
  • Car Polish
  • Car Wax
  • Glass Cleaning Products
  • Interior Care Products
  • Wheel & Tire Care Products
  • Others

 

Car Care Products Market, Distribution Channel Analysis

  • Retail Chains
  • E-commerce
  • Care Detailing Stores
  • Others

 

Car Care Products Market, Vehicle Type Analysis

  • Passenger Vehicles
  • Commercial Vehicles
  • Others

 

Car Care Products Market, Regional Analysis

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • Uk
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

 

About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements. 

 

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