Global Car Covers Market By Product Type (Custom Car Cover And Universal Car Covers), By Distribution Channel (Oem And After Market), By Region And Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends And Forecast 2022-2032
- Published date: March 2023
- Report ID: 12459
- Number of Pages: 292
- Format:
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The Global Car Covers Market is expected to grow at a CAGR of roughly 3.1% over the next ten years and will reach USD 1,185.1 Mn in 2032 from USD 821.6 Mn in 2022.
Market.us announces the publication of its most recently generated research report titled, “Car Covers Market by Product Type (Custom Car Cover and Universal Car Covers), By Distribution Channel (OEM and After-Market), and by Region – Global Forecast to 2028.”, which offers a holistic view of the Global Car Covers Market through systematic segmentation that covers every aspect of the target market.
Global Car Covers Market Scope
Car covers protect parked cars from various elements, including dust, dirt, ultraviolet radiation, acid rain, bird droppings, wind-borne particles, sun’s heat, animal scratching, etc. When a vehicle isn’t used for long, it can become dirty from external sources such as rain, wind, snow, or possibly leaves falling on it.
A car parked indoors can get dusty, and also run the risk of getting unwanted particles getting on the surface. Dust may also accumulate in certain critical parts of the engine and affect these parts’ function. In the case of painting work near the car, the cover will protect it from unwanted paint sprays. A car parked outside in the sun may fade the paint of the car, as well as, heat the car tremendously, and car covers help to overcome all these challenges relating to external factors.
Car covers protect from the heating of the dashboard, which may cause damage to critical electronics such as car stereo, air-conditioning, the car panel, etc. Car cover also protects the windshield, which is an important part of the car, since a damaged windshield may impair the visibility of the driver and can lead to accidents. These covers also discourage thefts, if used with the combination of cable and lock.
trending_up Total Revenue in 2018$ 821.6Mn
trending_up Market CAGR of the Next Ten Years3.1%
no_encryption Market Value (US$ Mn), Share (%) and Growth Rate (%) Comparison 2012-2028Purchase this report or a membership to unlock the market value (US$ Mn), share (%) and growth rate (%) comparison for this industry.- By Type
- By Region
- By Application
no_encryption Leading Companies Financial HighlightsPurchase this report or a membership to unlock the leading companies financial highlights for this industry.trending_up Market Revenue of the Next Ten Years$ 1,185.1Mn
Global Car Covers Market Revenue (US$ Mn), 2018–2028
Global Car Covers Market Segmentation
The Global Car Covers market is segmented on the basis of product type, distribution channel, and region. On the basis of product type, custom car cover and universal car cover. Universal car cover accounts for the majority share in the global car covers market, while, the custom car cover segment is expected to register the highest growth rate over the forecast period. On the basis of distribution, the channel market is segmented into, OEM and aftermarket, and aftermarket accounts for a majority share of the global car cover market.
Global Car Covers Revenue Market Attractiveness Analysis by End-Use Industry, 2012–2018
Key Market Segments
Type
- Custom Car Covers
- Universal Car Covers
Application
- OEM
- After Market
Global Car Covers Market Dynamics
The high cost of cars and their maintenance is a key factor expected to infuse the importance of car protection among owners, thereby steadily affecting car cover purchases. In addition to this, limited parking space for several car owners has led to them parking their cars on the road. Ensuring the safety and good condition of cars is a key factor expected to fuel demand for car covers in the coming years.
Furthermore, growth in the standard of living of the population and increasing disposable income across various economies is one of the major reasons driving the growth of the global Car Covers market during the forecasted period
However, the high cost of car covers; particularly custom-made covers may challenge the growth of the global car covers market to a certain extent. Nonetheless, the increase in the production of cars in emerging economies is expected to increase the sale of cars in these countries, thereby further boosting demand for car covers. Major manufacturers of car covers have a lucrative opportunity to penetrate these markets to increase their market share.
Regional Analysis
On the basis of region, the market is segmented into North America, Europe, APAC, South America, and MEA. Europe accounts for the majority share in the global car covers market, followed by North America with the Asia Pacific registering the highest growth rate in the region owing to robust growth in end-use industries in the region. MEA and South America are expected to register stable growth over the forecast period.
Key Market Players
The research report on the global Car Covers market includes profiles of some of the major companies such as Covercraft Industries, LLC, COVERKING, INC., Budge Industries, LLC, Polco, CONFEZIONI ANDREA ITALIA SRL, Lund International, Inc., California Car Cover Co, and MacNeil Automotive Products Limited.
- Covercraft Industries LLC
- COVERKING INC.
- Budge Industries LLC
- Polco
- CONFEZIONI ANDREA ITALIA SRL
- Lund International Inc.
- California Car Cover Co and MacNeil Automotive Products Limited.
For the Car Covers Market research study, the following years have been considered to estimate the market size:
Attribute Report Details Market Size in 2022
USD 821.6 Mn
Growth Rate
3.1%
Forecast Value in 2032
USD 1,185.1 Mn
Historical Years
2016-2020
Base Year
2021
Estimated Year
2022
Short Term Projection Year
2028
Projected Year
2023
Long Term Projection Year
2032
Report Coverage
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.
Regional Scope
North America, Europe, Asia-Pacific, South America, Middle East & Africa
Country Scope
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
- Covercraft Industries LLC
- COVERKING INC.
- Budge Industries LLC
- Polco
- CONFEZIONI ANDREA ITALIA SRL
- Lund International Inc.
- California Car Cover Co and MacNeil Automotive Products Limited.
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