Car Care Products Market by Product Type (Cleaning and Caring, Polishing and Waxing, Sealing Glaze and Coating), Solvent Type, Application, Consumption, Distribution Channel, and Region - Global Forecast to 2027
[164 Pages Report] The global car care products market is projected to grow from USD 11.8 billion in 2019 to USD 16.1 billion by 2027, at a CAGR of 4.0% during the forecast period. 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., are some of the major factors for the growth of the market.
Cleaning and Caring products are estimated to generate maximum sales revenue during the forecast period
The product segment includes wheel care, interior exterior care, paint cleaning and protection, paint restoration for the old vehicles etc. 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. Cleaning of interiors like dashboard, floormats, carpets, upholstery, etc., is achieved through steam cleaning and vacuuming techniques.
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. Many countries in the world are facing acute water shortage and hence governments have imposed rules and regulations towards the usage of water for car wash. Many car care products like (shampoos, polish wax etc.) manufactured today do not require water to clean the surface after their application but can be wiped off the surface with a dry cloth/microfiber cloth.
Asia Pacific is the largest market in the world for car care products
Asia Pacific is the largest market in the world for the car care products. China and Australia hold the maximum share for the market. The rise in the per capita income in the developing countries like India will drive the market further. There has been high demand for the car care products due to increase in premium car sales. 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
The car care products market is dominated by 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).
The key strategies adopted by major companies to sustain their position in the market are expansions, contracts and agreements, and partnerships.
3M is the leading player in the global market. It has a diverse portfolio and is one of the oldest players in the car care segment. The company has specialized in all the market segments and is present in all the four regions considered (Europe, North America, Asia Pacific, Russia and Brazil) through its strong network.
Scope of the Report
|
Report Metric |
Details |
|
Market Size Available for Years |
2018-2027 |
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Base Year Considered |
2018 |
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Forecast Period |
2019-2027 |
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Forecast Units |
Value (USD Billion) |
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Segments Covered |
By Product Type, By Solvent Type, By Application, By Consumption, By Distribution Channel, By Region |
|
Geographies Covered |
Asia Pacific, Europe, North America, and RoW |
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Companies Covered |
3M (USA), Illinois Tool Works (USA), Sonax (Germany), Autoglym (UK), Wurth Group (Germany) among others with a total of 11 companies covered. |
This research report categorizes the global market on the basis of product type, solvent type, application, consumption, distribution channel, and region.
Global Market, By Product Type
- Cleaning and Caring (snow foams, dryers, shampoos, wash kits, etc.)
- Polishing and Waxing (backing plates, polishers and buffers, polish and compounds, polish kits, spray wax)
- Sealing glaze and coating
- Other products (Anti Corrosion, etc.)
Global Market, By Solvent Type
- Water-Based Solvents
- Foam-Based Solvents
Global Market, By Application Type
- Interior
- Exterior
Global Market, By Consumption
- Auto Beauty Shops
- Service Center and Garages
- Individual Sources
Global Market, By Distribution Channel
- DIY/Retail Stores
- DIFM/Service Centers
Global Market, By Region
- Asia Oceania
- India
- Japan
- China
- South Korea
- Australia
- Europe
- France
- Germany
- Spain
- UK
- Italy
- North America
- US
- Canada
- Mexico
- Rest of the World (RoW)
- Brazil
- Russia
Recent Developments by 3M
- 3M has planned to invest USD 60 million over the next five years to increase its manufacturing capacity and enhance its infrastructure at the company’s Greenville operations.
- The company set up a new design studio in India, which will focus on designing creative products based on advanced technology platforms. The creative designers of the center will work more closely with the B2B, academia, and customers.
- In July 2016, 3M unveiled a design center in St. Paul, Minnesota, where the inhouse design team focuses on creative and innovative products.
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?
- Manufacturing plants distribution analysis, industry chain structure analysis
- 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 will be the size and the growth rate of the market in the future (2022, 2025, 2027)? Whether the usage of the car care products will grow in the future? Will the prices increase or decrease for each component in each region? and why?
- What is the consumption value and the market share of each region?
- Economic impact on car care products industry and development trend of the car care products industry.
- Profiling of the key players of the car care products industry: Company Introduction, Product Specification and Major Types Analysis, Production Market Performance, Sales Market Performance.
- What are the new developments in the market, and which companies are leading these developments?
- What strategic initiatives are being implemented by the key players for business growth?
- What is the M&A activities that have transpired in the last 5 years in this market and what impact have they had on the industry?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction
1.1 Objectives of the Study
1.2 Market and Product Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered in the Report
1.4 Currency and Pricing
1.6 Stakeholders
1.7 Limitations
2 Research Methodology
2.1 Secondary Data
2.1.1 Key Data From Secondary Sources
2.2 Primary Data
2.2.1 Sampling Techniques & Data Collection Methods
2.2.2 Primary Participants
2.3 Market Size Estimation
2.4 Data Triangulation
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Market
4.2 Market, By Product Type
4.3 Market, By Interior Application
4.4 Market, By Consumption
4.5 Market, By Solvent
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.2 Restraints
5.2.3 Opportunities
5.2.4 Challenges
5.3 Impact Analysis
6 Industry Trends
6.1 Introduction
6.2 Product Lifecycle
6.3 Evolution
6.4 Value Chain Analysis
6.4 Porter’s Five Forces
7 Global Market, By Product Type
7.1 Introduction
7.2 Market Share Analysis, By Product Type
7.3 Cleaning and Caring
7.4 Polishing and Waxing
7.5 Sealing Glaze and Coating
7.6 Other Products
8 Global Market, By Solvent Type
8.1 Introduction
8.2 Water Based
8.3 Foam Based Solvents
8.4 Market Share Analysis, By Solvent Type
8.5 Opportunity Analysis, By Solvent Type
9 Global Market, By Application
9.1 Introduction
9.2 Interior
9.3 Exterior
9.4 Market Share Analysis, By Application Type
9.5 Opportunity Analysis, By Application Type
10 Global Market, By Consumption
10.1 Introduction
10.2 Autobeauty Shops
10.3 Service Centers and Garages
10.4 Individual Sources
10.5 Market Share Analysis, By Consumption Type
10.6 Opportunity Analysis, By Consumption Type
11 Global Market, By Distribution Channel
11.1 Introduction
11.2 Diy/Retail Stores
11.3 DIFM/Service Centers
12 Global Market, By Region
12.1 Introduction
12.2 North America
12.3 Europe
12.4 Asia Pacific
12.5 RoW
13 Competitive Landscape
13.1 Overview
13.2 Market Ranking Analysis
13.3 Competitive Situation & Trends
13.4 Product Developments
13.4.1 New Product Developments
13.4.2 Partnerships/Joint Ventures/Collaborations
13.4.3 Expansions
13.4.4 Mergers & Acquisitions
14 Company Profiles
(Business Overview, Products Offered, Recent Developments, SWOT Analysis)
14.1 3M
14.2 Turtle Wax
14.3 Sonax
14.4 Soft99 Corporation
14.5 Tetrosyl
14.6 Liqui Moly
14.7 Simoniz USA
14.8 Autoglym
14.9 Northern Labs
14.10 Illinois Tool Works
14.11 Würth Group
14.12 Guangzhou Biabong Car Care Industries Co.Ltd
14.13 Auto Magic
14.14 Armored Auto Group
14.15 Bullsone
14.16 Jopasu Systems Pvt Ltd
15 Appendix
15.1 Discussion Guide
15.2 Available Customizations
15.3 Related Reports
15.4 Other Developments
List of Tables (23 Tables)
Table 1 Currency Exchange Rates
Table 2 Global Car Care Product Market Forecast (2017-2027), By Product Type (USD Billion)
Table 3 Market Forecast, By Region, 2017–2027 (USD Billion)
Table 4 Asia Pacific: Market Forecast, By Country, 2017 – 2027 (USD Billion)
Table 5 Europe: Market Forecast, By Country, 2017–2027 (USD Billion)
Table 6 North America Market Forecast, By Country, 2017–2027 (USD Billion)
Table 7 Rest of the World Integrated Vehicle Health Management Market Forecast, By Country, 2017–2027 (USD Million)
Table 8 Recent Financials: 3M
Table 9 Expansions: 3M
Table 10 Recent Financials: Illionois Tool Works
Table 11 Recent Financials: Würth Group
Table 12 Acquisition: Würth Group
Table 13 Recent Financials: Autoglym
Table 14 New Product Development: Autoglym
Table 15 Key Financials: Sonax
Table 16 New Product Development: Sonax
Table 17 Contract/Partnership: Tetrosyl
Table 18 Contract/Partnership: Turtle Wax
Table 19 Partnership: Liqui Moly
Table 20 New Product Development: Liqui Moly
Table 21 Expansions: Liqui Moly
Table 22 Acquisitions: Northern Labs
Table 23 Related Reports
List of Figures (35 Figures)
Figure 1 Market Information and Data Snapshot
Figure 2 Region Specific Market Share
Figure 3 Premium Insights on the Growth of Industry During the Forecasted Period (2019-2027)
Figure 4 Market Dynamics
Figure 5 Product Lifecycle
Figure 6 Evolution Car Care Products
Figure 7 Value Chain Analysis
Figure 8 Porter’s 5 Forces: Snapshot
Figure 9 Current and Forecast (USD Billion) By Product Type
Figure 10 Current and Forecast (USD Billion) By Solvent Type
Figure 11 Market Share Analysis: Solvent Type
Figure 12 Opportunity Analysis: Solvent Type
Figure 13 Current and Forecast (USD Billion) By Application Type
Figure 14 Market Share Analysis: Application Type
Figure 15 Opportunity Analysis: Application Type
Figure 16 Current and Forecast (USD Billion) By Consumption Type
Figure 17 Market Share Analysis: Application Type
Figure 18 Opportunity Analysis: Application Type
Figure 19 Regional Landscape: Global Market, 2019 – 2027
Figure 20 Asia Pacific: Global Market Snapshot
Figure 21 Market Size Forecast: By Country
Figure 22 Europe: Global Market Snapshot
Figure 23 Market Size Forecast: By Country
Figure 24 North America Market: Snapshot
Figure 25 Market Size Forecast: By Country
Figure 26 Market Size Forecast: By Country
Figure 27 Company Snapshot: 3M
Figure 28 SWOT Analysis: 3M
Figure 29 Company Snapshot: ITW
Figure 30 SWOT Analysis: ITW
Figure 31 Company Snapshot: Würth Group
Figure 32 SWOT Analysis: Würth Group
Figure 33 Company Snapshot: Autoglym
Figure 34 SWOT Analysis: Autoglym
Figure 35 SWOT Analysis: Sonax
The study has considered four main types of car care products (Cleaning and Caring, Polishing and Waxing, Sealing Glaze and Coating, and Other Products) to estimate the size of the global car care products market. Exhaustive secondary research was carried out, and the information was collected with respect to the market for the car care products based on the product type, solvent type, application type, consumption type, distribution channel, and region. In the next step, the findings, assumptions and market analysis are verified with industry experts across the value chains through primary research. Top down approach was used to estimate the complete market size for different segments considered under the study.
Secondary Research
The secondary sources considered for this research study include corporate filings (such as annual reports, press releases, investor presentations of companies), white papers, certified publications, articles from recognized authors, related associations, and various key databases.
Primary Research
Extensive primary research has been conducted after acquiring an understanding of the market scenario through secondary research. Several primary interviews have been conducted with the market experts from both the demand and supply side players across the 4 major regions, namely North America, Europe, Asia Pacific, and Rest of World (Brazil and Russia). Primary data has been collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, we have strived to cover various departments within organizations, such as sales, operations, and administration, to provide a holistic view point in our report.
After interacting with industry experts, we have also conducted brief sessions with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject-matter experts’ opinions, has led us to the findings as described in the remainder of this report.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
The size of the market has been calculated using the top down approach. Extensive secondary and primary research has been carried out to understand the global market scenario for market. Several primary interviews have been conducted with key opinion leaders in the car care products industry. Qualitative aspects such as market drivers, restraints, opportunities, and challenges have been taken into consideration while calculating and forecasting the market size.
Data Triangulation
All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. All parameters that are said to affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. The data has been consolidated, enhanced with detailed inputs and analysis from MarketsandMarkets and presented in the report.
Report Objectives
- To analyze and forecast (2019–2027) the global market size, in terms of value (USD billion), of the global market.
- To define, describe, and provide a detailed analysis of the overall market for the car care products and determine the contribution of each segment to the total sales
- To analyze the market by product type, by solvent type, by application, by consumption, by distribution channel, and by region
- To analyze regional markets for growth trends, prospects, and their contribution toward the global market
- To provide a detailed analysis of several factors influencing the global market (drivers, restraints, opportunities, and challenges)
- To project the market for market across four key regions, namely, Asia Pacific, Europe, North America, and the Rest of the World (RoW)
- To analyze and define stakeholders in the market and provide a detailed competitive landscape
- To track and analyze competitive developments such as joint ventures, mergers & acquisitions, new product launches, expansion, and other industrial activities carried out by key industry participants
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs.
The following customization options are available for the report:
Global Market, By Specific Product Type in Different Product Categories
- Products
- Wax and Polish
- Shampoo
- Brush
- Others
(Note: Countries included in the study: China, India, Japan, South Korea, Australia, Germany, UK, France, Spain, Italy, US, Canada, Mexico, Brazil, Russia)
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Car Care Products Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
Growth opportunities and latent adjacency in Car Care Products Market