Car Care Market

The global Car Care valued at 5.82 Billion in 2020 and is expected to reach 8.23 Billion in 2028 growing at a CAGR of 5.20%%.

The prominent players in the market are MOTIP, Adam, Shell, Tetrosyl, Zymol, P21S, Swissvax, Eagle One, 3M, DowDuPont, AUTOGLYM, SONAX, Meguiars, Mothers, Green Duck Industries, Turtle, Collinite..

The market is project to grow at a CAGR of 5.20%% between 2021 and 2028.

The driving factors of the Car Care include

• The rising sale of cars worldwide is anticipated to augment the car care market growth during the forecast period. This is owing to the rising disposable income of the consumers, rapid urbanization and increasing technological developments. The more the number of cars produced, the more they are sold and the more is the need to maintain them. Furthermore, increasing demand for passenger vehicles has also surged the car production. Therefore, the market for car care products is also expected to expand over the forecast period.
• The increasing awareness about the importance of maintenance of cars among consumers is expected to increase the demand for car care market in the years to come. This is due to the increasing need of improvement in car appearance, decrease in major breakdowns or fatalities, and receiving better vehicle performance. The regular maintenance and cleaning the car helps in maintaining vehicles’ efficiency and functioning for a long period of time. Additionally, it can significantly reduce the risk of costly repairs in the future.

North America was the leading regional segment of the Car Care in 2020.