Car Care Products Market by Type (Cleaning Products, Polishing & Waxing, Fresheners, Others), Application (Interior, Exterior), Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, Others): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026393 | Pages: 100 | Industry: Consumer Goods | Date: Sep 2022 | Type: Global

The market crossed US$ 4.3 billion mark in 2022 and is expected to hit US$ 5.7 billion by 2030, recording a CAGR of 3.6% during the forecast period.

 

Increasing customer inclination towards car care products

Car care products are essential to keep the car running smoothly despite of its age and condition. Car care products have high-performing chemicals which enhance the appearance of the car and its durability. These products safeguard and maintain the exterior and interior appearance of the vehicle. They also help protect the vehicle from regular wear and tear as it improves the longevity and maintains the original quality of the vehicle, which increases their resale value.

Within the report, the market is segmented into product type, application, distribution channel, and geography. By product type, the market is further segmented into cleaning products, polishing & waxing, fresheners, and others. On the basis of application, the market is bifurcated into interior and exterior. By distribution channel, the market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. Geographically, the market is segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

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Rising demand for anti-microbial car care products

With the rising focus on maintaining vehicle hygiene, the overall demand for anti-microbial car care products has been growing across the globe. Rising automotive sales across the globe are creating lucrative opportunities for antibacterial car care products. Leading market players are introducing new products and technologies to increase sales and expand their antibacterial car care products footprint.

Rising adoption in various applications is one of the major factors accelerating market growth.

The applications for car care products are the exterior and interior of cars. Various products are used for exterior car care such as clay bar and car shampoo. These products are used to remove dust and hard pollutants from the exterior of the car. Various products, such as foam, rubbing alcohol, shampoo, and slime, are used to clean the car's interior, such as seats, carpets, and roof liners. Increasing demand for car care products has led manufacturers to have introduced many innovative products such as slime gel, to clean the interior and electronic appliances of a car.

Recent strategic developments in the car care products market

The car care products market has undergone several significant developments, and a few of these have been mentioned below:

  • In 2020, Adam's Polishes, a leader in auto detailing and cleaning products partnered with Microban, the industry leader in antimicrobial technology to expand its car interior cleaning antimicrobial solution portfolio.
  • In February 2021, Chemical Guys launched the HydroInterior, an advanced ceramic protection for automotive interiors.

The car care market is driven by several players implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. 3M, WD-40, Turtle Wax Inc., Autotech (I) PVT. LTD, Sonax GmbH are among the prominent players operating in the market.

Target audience for the report:

  • Raw material providers
  • Automobile associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • Car care products distributors and sales firms
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Product Type:
    • Cleaning Products
    • Polishing and Waxing
    • Fresheners
    • Others
  • Application
    • Interior
    • Exterior
  • Distribution Channel
    • Supermarkets and Hypermarkets
    • Specialty Stores
    • Online Retail
    • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
    • 3M
    • WD-40
    • Turtle Wax Inc.
    • Autotech (I) PVT. LTD
    • Sonax GmbH

Companies profiled
- 3M
- WD-40
- Turtle Wax Inc.
- Autotech (I) PVT. LTD
- Sonax GmbH

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