Car Care Market
Car Care Market Global Industry Assessment & Forecast
#
Pages:
169
2021
Nov - 2021
VMR-2021-0584
Segments Covered
By
Product Car Cleaning Products, Car Polish, Car Wax, Wheel & Tire Care Products, Others
-
By
Application Interior, Exterior
-
By
Solvent Water-based Solvents, Foam-based Solvents
-
By
Passenger Cars, Commercial Vehicles
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
5.82 Billion |
 Revenue 2028:
|
8.23 Billion |
 Revenue CAGR
(2021 - 2028): |
5.20% |
Fastest Growing Region (2022 -
2028)
|
North America |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Product
Analysis: Preview On the basis of Product,
the market is segmented into Car Cleaning Products, Car Polish, Car Wax, Wheel & Tire Care Products, Others. Car Cleaning Products held the highest
share in the global Car Care
market and is projected to witness the same trend during the forecast
period. Companies in this
sector are opting to advanced technologies in their supply chain to cater the
end user requirements effectively. Application
Analysis: Preview
Based on Application,
the market is segmented into Interior, Exterior. Exterior accounted
for the highest market share and is expected to grow at a significant CAGR from
2021 to 2028.
Global Car Care Market: Product Segment Analysis
-
- Car Cleaning Products
- Car Polish
- Car Wax
- Wheel & Tire Care Products
- Others
Global Car Care Market: Application Segment Analysis
-
- Interior
- Exterior
Global Car Care Market: Solvent Segment Analysis
-
- Water-based Solvents
- Foam-based Solvents
Global Car Care Market: Segment Analysis
-
- Passenger Cars
- Commercial Vehicles
FAQ
Frequently Asked Question
What is the global demand for Car Care in terms of revenue?
-
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%%.
Which are the prominent players in the market?
-
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..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 5.20%% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
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.
Which region accounted for the largest share in the market?
-
North America was the leading regional segment of the Car Care in 2020.
