Report : India Commercial Car Care Products Market Forecast to 2028 - COVID-19 Impact and Country Analysis By Product (Chain & Carburetor Spray, Silicon Spray, Windshield Glass Cleaner, Pressure Washers & Steam Cleaners, Polish Wax, Clay Bars & Sponges, Brake Cleaners & Bleeding Kits, Dashboard Cleaners, WD 40, Engine D-Greaser, Car Interior Cleaners, Tire Dresser, Battery Terminal Cleaner/Spray, Engine Contact Cleaner, Engine Foam Cleaner, Engine Shine & Protector, Engine Oil Flush For 2 & 4-Wheeler, Radiator Flush, Engine Oil Additive Cleaner, Fuel Injector Cleaner, Engine Fuel Treatment Additive Cleaner, Additive Flusher, Contact Cleaners, Adhesive Cleaner, and Others), Category (Interior and Exterior), and End User [Original Equipment Suppliers (OES) and Independent Aftermarket (IAM)]
According to our latest market study on “India Commercial Car Care Products Market Forecast to 2028 – COVID-19 Impact and Country Analysis – by Product, Category, and End-User,” the market is expected to grow from US$ 228.68 million in 2021 to US$ 513.86 million by 2028; it is estimated to grow at a CAGR of 12.3% from 2022 to 2028.
Car care products are chemicals used to improve vehicle shine, durability, and gloss. These chemicals protect the cars and enhance their appearance. Protection, wheel care, paint cleaning, tire shine, interior-exterior care, paint restoration, and glass cleaner are among the types of automotive car care products available in the India commercial car care products market. Cleaning an automobile in a safe and scratch-free manner requires expertise. Several major parts of India have experienced substantial levels of car manufacturing due to expanding population and rising affluence. The expansion of vehicle manufacturers to fulfill the rising demand has increased the need for automobile car care parts. Additionally, the rise in consumers’ disposable income, advancements in automobile cleaning processes, and increased demand for waterless dry wash solutions contribute to the growth of the India commercial car care products market. A rise in used car sales is expected to help the India commercial car care products market grow. As a result of consumers' demand for high-quality automobiles at low prices, the market for used cars has grown tremendously.
Cars are exposed daily to sand, gravel, sun rays, tree sap, road asphalt, deicing chemicals, bird droppings, and other airborne pollutants. These contaminants can harm protective coatings, erode automobile surfaces, and cause internal and external damage to automotive parts. As a result, the demand for car care products is increasing in India, as they aid in recovering interiors, cleaning the exterior, prolonging the life of automotive components, and increasing the vehicle's value. Pre-owned, second-hand, and third-hand cars are more vulnerable to such problems and require more maintenance supplies. The demand for effective car care products is increasing in India, as luxury cars and sports utility vehicles (SUVs) are being used for outdoor leisure activities. Furthermore, to extend their consumer base in India, major foreign businesses supply similar items through online platforms. These car care products also aid in the refinement of plastic components and dashboards, the safe removal of grime, and keeping the shine of the car. All these factors contribute to the growth in the India commercial car care products market.
Impact of COVID-19 Pandemic on India Commercial Car Care Products Market
The abrupt emergence of the COVID-19 pandemic in India forced the shutdown of vehicle manufacturing plants, affecting the demand for commercial car care products in the India commercial car care products market. Moreover, the country also isolated its import and export of critical raw chemicals and products for numerous automotive car care products, impacting various end-user industries' supply chains. The overall expansion of several associated automobile subsystems and car products, including the India commercial car care products market, is influenced by automotive sales in India. According to the Automotive Component Manufacturers Association ACMA, the total revenue of India's auto component business fell by 3% in March 2021. While car sales and manufacturing recovered in the second half of 2021, the first quarter of 2022 was once again plagued by difficulties, owing to the pandemic. Other areas, such as automotive aftermarkets, imports, and exports, also declined. At the same time, auto component exports fell by 8% to US$ 13.3 billion during 2020–2021.
The report segments the India commercial car care products market as follows:
Based on product, the India commercial car care products market is segmented into chain and carburetor spray, silicon spray, windshield glass cleaner, pressure washers and steam cleaners, polish wax, clay bars and sponges, brake cleaners and bleeding kits, dashboard cleaners, WD 40, engine D-greaser, car interior cleaners, tire dresser, battery terminal cleaner/ spray, engine contact cleaner, engine foam cleaner, engine shine and protector, engine oil flush for 2 and 4-wheeler, radiator flush, engine oil additive cleaner, fuel injector cleaner, engine fuel treatment additive cleaner, additive flusher, contact cleaners, adhesive cleaner, and others. The car interior cleaners segment led the India commercial car care products market with the largest share in 2021. In terms of category, the India commercial car care products market is segmented into interior and exterior. The exterior segment led the market with a larger share in 2021. Based on end user, the India commercial car care products market is segmented into original equipment suppliers (OES) and independent aftermarket (IAM). The original equipment suppliers (OES) segment led the market with a larger share in 2021.
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