Global Car Care Products Market By Type (Cleaning Products, Repair Products, and Protection Products), By Application , By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2019–2028
- Published date: March 2023
- Report ID: 16667
- Number of Pages: 252
Car Care Products Market Overview
Global car care products market value was 1.131 Billion in 2021. It is expected to grow at a CAGR of 4.1% between 2023 and 2032. The growth of the global automotive industry is expected to drive the market. Due to increasing disposable income in the developing world and increasing consumer awareness about vehicle maintenance and repair, the industry will continue to grow. The industry’s outlook will be impacted by an increase in aesthetics in automobiles, particularly private vehicles.
Global Car Care Products Market Analysis
Product Type Analysis
Car cleaning products accounted for more than 32.2% of the total revenue in 2021. This is due to their wide usage in removing contaminants from vehicles’ exterior surfaces. Car wash shampoo and detergent are a very popular segment of the industry because they safely remove dirt, grease, and other contaminants from vehicles. Car wax was the second-largest revenue share for 2021. It is expected that it will grow at a CAGR of 4.3% during the forecast period. Protect the vehicle’s exterior with waxes. You can buy waxes in liquid or paste forms. These waxes are specifically formulated to repair minor scratches, add shine and protect the vehicle from stains. Waxing your vehicle can also reduce the cost of repairs and refinishing.
Polishes are the main product used for paintwork care and enhancement. Polishes can be used to remove contaminants and protect the paint. This helps to increase the vehicle’s aesthetic value and gives it a polished appearance. Polishes can also be used to prolong the life of paint and remove stubborn dirt. They also condition paintwork so it doesn’t crack or peel.
Due to its versatility for both commercial and individual use, the 501-999 ml packaging volume segment had the highest revenue share at 38.2% in 2021. The segment’s growth is expected to be positive due to an increasing number of people choosing maintenance and repair services such as car washing and detailing. The 251-500 ml packaging volume segment was the second largest revenue share in 2021. It is expected to grow at a lucrative CAGR of 4.8% over the forecast period. These packaging volumes are generally intended for small garages or individuals. The segment is likely to grow because of an increase in disposable income.
Distribution Channel Analysis
In 2021, retail chains had a 48.2% revenue share. It is expected that the growing number of organized retail chains around the world will support the distribution and sale of car care products. Multinational retail chains like Costco and Walmart offer lower pricing, which allows car care products to be sold at lower prices than other channels. The e-Commerce segment was the second largest and is expected to grow at a CAGR of 4.6% during the forecast period. Retail distribution channels will be supported by third-party agreements that allow for greater penetration of niche markets and the establishment of local service shops.
In 2021, the retail (B2C), the segment had the highest revenue share at over 67.9%. The segment growth is expected to be supported by the growing demand from car owners for care products, as well as the availability of products on commercial markets. Product sales will be supported by the retail market due to the growing popularity of Do-It-Yourself (DIY), applications for car maintenance. Individual owners are choosing to purchase the products at retail and apply the products themselves due to the high cost of car maintenance at a professional station. The retail market has seen a rise in popularity due to the wide selection of products available in the local markets. The professional end-use of car products includes application at equipped service stations, maintenance yards, or cleaning service providers. This segment will grow at a slower rate due to the high cost of professional services and limited product availability at professional service shops.
Key Market Segments
Car Cleaning Products
1000 – 5000 ml
251 – 500 ml
501 – 999 ml
Less than 250 ml
More than 5000 ml
By Distribution Channel
Care Detailing Stores
Due to the strong growth of the American automobile industry, the U.S. market is expected to expand in the next few years. Due to the establishment of prominent players like Ford Motors or General Motors, the industry will continue to grow. The industry’s growth is also expected to be aided by the presence of prominent car care product manufacturers, like 3M, and their establishments across the country. North America and the Asia Pacific are experiencing greater growth. This is due to the rising demand from key economies like the U.S. and Mexico for automobiles. Consumers have increased their disposable income, which has led to an increase in automobile purchases. To maintain the appearance and performance of cars, specialty products are required. This is a positive sign for the region’s industrial growth.
The application range is the main driver of competition. Product manufacturers have many opportunities to increase their product ranges and reach new markets thanks to the rapid growth of the automobile industry, especially in emerging countries like the Asia Pacific. Over the forecast period, the demand for car products will increase due to the development of special wax polishes for high-end cars.
In 2021, North America was the country with the highest revenue share at over 36.4%. North America is a mature market in car care products due to its increasing sales and increased awareness about vehicle maintenance. A wide range of car care products is expected to be available due to the increasing use of mini trucks as family vehicles and the growing demand for luxury cars.
As passenger car sales increase, the demand for car care products is expected to rise in North America. Industry growth is expected to be driven by the growing market for passenger cars in Canada, and Mexico, and the increase in production of LCVs here in the U.S. Due to the increasing performance of the European automotive industry, the market for car care products is expected to grow in the future. The European automotive market will benefit from a strong competitive dynamic due to increased sales of electric cars. It is likely that the growing trend of restoring old cars and maintaining them regularly will have a positive effect on the region’s industrial growth.
The Asia Pacific is the region with the highest number of vehicle manufacturers and consumers. This is an important contributor to global industry growth. The demand for car care products like wax, polishes, and cleaning supplies is high. It is expected that the region’s prominent vehicle manufacturers, backed by a skilled workforce and abundant resources, will increase their penetration during the forecast period.
Key Regions and Countries covered in thе rероrt:
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Rest of MEA
Leading key players are in fierce competition with each other and regional players who have strong distribution networks and knowledge about suppliers and regulations. This intensifies competition because car care product manufacturers also supply workshops and garages.
3M Company, Inc., The Clorox Company, and Valvoline Inc. are key players that have merged with smaller companies to expand their operations and offer better service to their clients. These companies have global expansion plans and operate in multiple locations throughout Europe, North America, Asia Pacific, and North America. The U.S. is home to many key players, as well as regional players from the developed countries of Asia Pacific.
The following are some of the major players in the global market for car care products
Маrkеt Кеу Рlауеrѕ:
Adolf Wurth Group
Turtle Wax, Inc.
Liqui Moly GmbH
Jopasu India Pvt. Ltd.
Other Key Players
For the Car Care Products Market research study, the following years have been considered to estimate the market size:
Attribute Report Details
Market Size in 2022
Forecast Value in 2032
Short Term Projection Year
Long Term Projection Year
Competitive Landscape, Revenue analysis, Company Share Analysis, Manufacturers Analysis, Volume by Manufacturers, Key Segments, Key company analysis, Market Trends, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis, strategy for existing players to grab maximum market share, and more.
North America, Europe, Asia-Pacific, South America, Middle East & Africa
United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa
Frequently Asked Questions (FAQ)What is the size of the car care products Market in 2021?
The car care products Market size is US$ 11,312 million in 2021.What is the projected CAGR at which the car care products Market is expected to grow at?
The car care products Market is expected to grow at a CAGR of 4.1% (2023-2032).List the segments encompassed in this report on the car care products Market?
Market.US has segmented the car care products Market by geographic (North America, Europe, APAC, South America, and Middle East and Africa). By Product, the market has been further divided into Car Cleaning Products, Car Polish, Car Wax, and Other Products. By Packaging, the market has been further divided into 1000 - 5000 ml, 251 - 500 ml, 501 - 999 ml, Less than 250 ml, and More than 5000 ml. By End-use, the market has been further divided into Professional (B2B) and Retail (B2C). By Distribution Channel, the market has been further divided into Retail Chains, E-commerce, and Care Detailing Stores.List the key industry players of the car care products Market?
The 3M Company, Sonax GmbH, Tetrosyl Ltd., Chemical Guys, Adolf Wurth Group, MAFRA S.p.A., Cartec B.V., Turtle Wax, Inc., Liqui Moly GmbH, Jopasu India Pvt. Ltd., and Other Key Players engaged in the Car Care Products Market.Which region is more appealing for vendors employed in the car care products Market?
North America is expected to account for the highest revenue share of 36.4%. Therefore, the car care products industry in North America is expected to garner significant business opportunities over the forecast period.Name the key areas of business for car care products?
The US, India, China, Canada, UK, Japan, & Germany are key areas of operation for the car care products Market.Which segment accounts for the greatest market share in the car care products industry?
With respect to the car care products industry, vendors can expect to leverage greater prospective business opportunities through the car cleaning products segment, as this area of interest accounts for the largest market share.
- Sonax GmbH
- Tetrosyl Ltd.
- Chemical Guys
- Adolf Wurth Group
- MAFRA S.p.A.
- Cartec B.V.
- Turtle Wax, Inc.
- Liqui Moly GmbH
- Jopasu India Pvt. Ltd.
- Other Key Players
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