The global car care products market is projected to grow at a CAGR 3.58% rate from 2021 to 2026. The reason behind growth are increased availability of water-based solvents, consumer awareness towards vehicle maintenance, increase in new car sales, increase in the disposable income of consumers, advancements in car wash technology etc.
Cleaning and Caring products are estimated to generate maximum sales revenue during the forecast period. Recent innovations such as bio-based car wash detergents and soaps have been creating an impactful trend shaping the product innovation strategies of the manufacturers. Ease of use and relatively affordable price point continue to influence sales potential for cleaning and car care products.
Interior application products segment is estimated to grow faster than the exterior products segment. Interior car detailing requires more effort and time than exterior detailing do. A dirty interior cabin not only has a bad odor but also adds to operational complications. Dirty air exhaust spreads allergies through the cabin, stain and grit causes the sensors and switches to fail, and hazy windows can obstruct the view of the driver. Hence cleaning car interiors is more than just washing with soap and water.
Water-based solvents segment is expected to grow faster than foam-based solvents segment. There has been a bigger push towards water-based solvents by major car care manufacturers because the market is price sensitive and the raw materials needed for this type of solvents cost less.
Asia Pacific is the largest market in the world for car care products. Increase in per capita income in India and increase in premium care sales the Asia Pacific is the largest market for the product. China and Australia hold the maximum share for the market. There have been older cars (more than 5-7 years) plying on the streets in countries like India and China, which will further drive the growth of car care products in the region.
Key market players include 3M (USA), Illinois Tool works (USA), Autoglym (UK), Sonax (Germany), Würth Group (Germany), Soft99 Corporation (Japan), Tetrosyl (UK), Simoniz USA (USA), Turtle Wax (USA), Liqui Moly (Germany), Northern Labs (USA), Armored Group (USA), Automagic (USA), Bullsone (South Korea), Jopasu Systems Pvt. Ltd. (India), and Guangzhou Biabong Car Care Industries Co. Ltd. (China).
Key Questions addressed by the report
· What are the key market trends impacting the growth of the market?
· What are the types and applications of car care products? What is the market share of each type and application: price, market size (sales), market share?
· What are the key factors driving the global car care products industry?
· What are the market opportunities and threats faced by the vendors in the car care products industry?
· What are the challenges to the growth of the market?
· What is the consumption value and the market share of each region?
1.1. Market Definition
1.2. Study Scope
1.3. Study Period
1.4. Market Stakeholders
2. Research Methodology
2.1. Secondary Research
2.2. Primary Research
2.3. Research Design
2.4. Data Validation
2.5. Limitations and Assumptions
3. Executive Summary
4. Market Dynamics
5. Car Care Products Market, By Product Type
5.1. Cleaning and Caring
5.2. Polishing and Waxing
5.3. Sealing Glaze and Coating
5.4. Other Products
6. Car Care Products Market, By Solvent Type
6.1. Water Based
6.2. Foam Based Solvents
7. Car Care Products Market, By Application
8. Car Care Products Market, By Consumption
8.1. Autobeauty Shops
8.2. Service Centers and Garages
8.3. Individual Sources
9. Car Care Products Market, By Distribution Channel
9.1. DIY/Retail Stores
9.2. DIFM/Service Centers
10. Car Care Products Market, By Region
10.1. North America
10.3. Asia Pacific
11. Company Profiles
11.2. Turtle Wax
11.4. Soft99 Corporation
11.6. Liqui Moly
11.7. Simoniz USA
11.9. Northern Labs
11.10. Illinois Tool Works
11.11. Würth Group
11.12. Guangzhou Biabong Car Care Industries Co.Ltd
11.13. Auto Magic
11.14. Armored Auto Group
*Company introduction, financial information, recent developments, SWOT analysis
12. Conclusion and Recommendations
13.2. Related Reports