Car Care Products Market

Car Care Products Market by Product Type (Cleaning & Washing, Polishing & Waxing, Sealing Glaze & Coating), Application (Interior, Exterior), Consumption, Solvent (Water, Foam-based), Vehicle Type, Distribution Channel & Region - Global Forecast to 2027

Report Code: AT 7197 Jul, 2021, by marketsandmarkets.com

[160 Pages Report] The global car care products market is projected to grow at a CAGR of 4.7% during the forecast period, from an estimated USD 4.2 billion in 2021 to USD 5.5 billion by 2027. Car care products are high-quality chemicals used for better shine, gloss, and longevity of vehicles. Car care products prevent and fix damages like scratches to ensure that utmost care is provided to each part of the car and the visual appeal of the car is retained. Waxes, polishes, paint protection products, tire cleaners, rim protectors, and glass cleaners are various automotive appearance chemicals available in the market.

COVID-19 has positively affected the demand for interior and DIY car care products. North America is expected to be the largest market for car care products during the forecast period, and the interior segment is expected to be the leading segment of the market by application. The auto beauty shops segment is the largest segment of the car care products market by consumption. The water-based solvent segment is going to be the fastest-growing segment as it is cost-effective and also fulfills various regulations regarding the chemical composition of a car care product. DIFM (Do It For Me) segment is the largest segment in the global car care products market by distribution channel.

Car Care Products Market

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COVID-19 IMPACT ON MARKET

Due to the outbreak of the COVID-19 pandemic, lockdowns were imposed all around the world, which included restrictions on auto beauty shops, service centers, and garages, thereby affecting the consumption of DIFM car care products. But simultaneously, the use of e-commerce platforms by leading players to make the distribution of car care products positively affected the consumption of car care products during lockdowns. Hence, car owners started taking care of their vehicles with the help of DIY car care products from online platforms, and demand for DIY products increased during the pandemic.

COVID-19 also increased the demand for interior car care products as the awareness among car owners regarding the internal hygiene of a vehicle for all the passengers also increased. The pandemic also increased the demand and need for antimicrobial and disinfectant products that help keep the interiors of a vehicle-free from germs and viruses.

Market Dynamics

DRIVER: Increase in sale of used cars

Used cars are also referred to as pre-owned cars that had one or more retail owners in the past. The used car market is served by unorganized players that include individuals, not organizations, and various organized players such as Alibaba Group, eBay, Sun Toyota, Cars24 Services Pvt. Ltd., and OLX Autos by OLX Group. The demand for used cars has experienced a significant rise due to consumer focus on high-quality vehicles available at affordable prices. The outbreak of COVID-19 resulted in disruptions in the supply chain and production of new cars. It also negatively affected the purchasing power of a large section of customers wanting to buy a new car, which increased demand for used cars across the world. For instance, used passenger car and light truck sales in the US increased by 10.6% from FY 2010 to FY 2019.

Used cars are more vulnerable to pollutants that can deteriorate their automotive finishes and interior work. A car is exposed to sun rays, tree resin, road asphalt, sand, gravel, de-icing agents, bird guano, and various aerial pollutants. Subsequently, there is a rise in the demand for car care products such as car polish and wax, trim cleaners, and tire and rim protectors throughout the world as car care products assist in preserving the interiors of a used car, cleaning the outer body, extending the life of a vehicle, and adding value to a used car.

RESTRAINT: Regulations pertaining to car wash and car care services

Carwash regulations are primarily for environmental protection and occupational safety for workers. The Environmental Protection Agency (EPA) handles all matters about the environment. And various occupational safety acts such as Occupational Safety and Health Administration (OSHA) takes care of workplace safety standards. OSHA is part of the Department of Labor in the US.

The EPA prefers that car owners use professional detailing services over a home do-it-yourself (DIY) cleaning job, and this regulation directly affects the demand for DIY car care products. The agency cites several reasons for advocating the use of cleaning experts. DIY car washing uses up a minimum of 40 gallons of water per wash, causing a significant drain on the community water supply. Excessive water use is an issue, especially in places that experience droughts and those that rely on aquatic resources for livelihood. All the soapy and dirty water flows into sewers and storm drain systems without getting treated.

If someone plans to own a carwash business, they have to follow specific regulations and restrictions related to the occupational safety of its workers and the environment. Zoning permits and regulations on water runoff vary for each state or country, but all share the same basic principle. It all depends on the strict enforcement of the EPA’s Clean Water Act of 1972. For instance, in Medford, Oregon, it is a crime to wash a car and let the runoff seep into the storm drain, and the fine is USD 1,000. In California, one can get fined USD 500 for wasting water when washing a car. Hence, these regulations help conserve our nature and resources but also make it costlier for car detailing and car wash service centers to follow the regulations and provide better service, therefore affecting the growth of DIFM (do it for me) car care products.

Hence, these regulations directly affect the demand for DIY and DIFM car care products

OPPORTUNITY: Development of anti-microbial car care products

A car interior that is clean of all dirt, sand, dust, and smudges is great, but what about cleaning up all bacteria and harmful microbes. It helps the driver and passengers of a vehicle who mostly spend 3-4 hours inside a car to save themselves from various diseases and health issues related to bacterial infection. Car owners and customers have realized the importance of a germ-free surface, and so do many car care product manufacturers.

COVID-19 has certainly increased the demand for car care products in recent times as car owners have realized the importance of using disinfectants and antibacterial car care products for themselves and other passenger’s safety.

CHALLENGE: Usage of hazardous chemicals in car care products

Shampoos and foams, traffic film remover, and acid wheel cleaner consist of strong acids and alkalis that can be a threat to users and can also damage the car paintwork if used in the wrong way. Even the workers working at a car detailing or car service shop are also at risk while using these car care products. For instance, acid wheel cleaners consist of phosphoric acid, hydrofluoric acid, and hydrochloric acid. The acid removers are cheap and can remove stubborn brake dust deposits without any manual scrubbing, but if they are spread onto hot car wheel discs, fine mist and fumes can cause immediate choking and skin damage. Acid removers affect not only various parts of a vehicle but also have a detrimental effect on human health as well.

The interior segment is estimated to be the largest during the forecast period

The interior segment refers to car care products that are used to maintain the interior parts of a vehicle. It includes interior trim, plastic and rubber part cleaner, glass cleaners, leather care products, dashboard cleaners, interior car polish, and floor cleaners. Due to COVID-19, awareness regarding interior hygiene among car owners has increased, which is going to drive the growth of interior car care products. Further, recent developments of anti-microbial car care products will fuel the usage of interior car care products to maintain the aesthetics of the interior of a car, as well as keep them germ and virus free.

The cleaning and caring segment is projected to lead the car sharing market

The cleaning and caring car care products are widely used in passenger cars due to their ability to protect various interior and exterior parts of an automobile. The focus on better aesthetics of an automobile by car owners has increased the demand for cleaning and caring car care products.

North America is estimated to be the largest market in 2021

North America has the largest market for car care products, and the US has the largest car care products market in the North American region, followed by Canada and Mexico. Consumers in North America are more inclined toward maintaining the aesthetics of their vehicles. Hence, manufacturers are launching new products to ensure high-quality and cost-effective car care products are available for customers.

Car owners in the US have more consumption of car wash and auto detailing services, which has simultaneously increased the demand and consumption of car care products. In comparison, laws and restrictions related to the car wash at home in the US have further compelled car owners to use auto beauty shops, service centers, and garages to maintain the aesthetics of their cars.

Car Care Products Market by Region

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Key Market Players

Tetrosyl (UK), Illinois Tool Works (US), 3M (US), Sonax Gmbh (Germany), and Wurth Group (Germany). These companies adopted new product launches and expansion to gain traction in the car care products market.

Scope of the Report

Report Metric

Details

Market size available for years

2019–2027

Base year considered

2020

Forecast period

2021–2027

Forecast units

Value (USD Billion)

Segments covered

By product type, by application, by vehicle type, by consumption, by distribution channel, by solvent, and region

Geographies covered

North America, Asia Pacific, Europe, and RoW

Companies covered

Tetrosyl (UK), Illinois Tool Works (US), 3M (US), Sonax Gmbh (Germany), and Wurth Group (Germany)

CAR CARE PRODUCTS MARKET, BY PRODUCT TYPE, BY COUNTRY

  • North America
    • US
    • Canada
    • Mexico
  • Asia Pacific
    • China
    • Australia
    • Japan
    • South Korea
    • India
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • Rest of the World
    • Brazil
    • Russia

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 18)
    1.1 OBJECTIVES
    1.2 PRODUCT DEFINITION
           1.2.1 INCLUSIONS & EXCLUSIONS
    1.3 MARKET SCOPE
           FIGURE 1 CAR CARE PRODUCTS MARKET: MARKET SEGMENTATION
    1.4 SUMMARY OF CHANGES
    1.5 LIMITATIONS

2 RESEARCH METHODOLOGY (Page No. - 21)
    2.1 RESEARCH DATA
           FIGURE 2 RESEARCH DESIGN
           FIGURE 3 RESEARCH METHODOLOGY MODEL
           2.1.1 SECONDARY DATA
                    2.1.1.1 List of key secondary sources to estimate car care products market
                    2.1.1.2 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY STAKEHOLDER, DESIGNATION, & REGION
                    2.1.2.1 List of primary participants
    2.2 MARKET ESTIMATION METHODOLOGY
           FIGURE 5 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
           2.2.1 TOP-DOWN APPROACH
                    FIGURE 6 CAR CARE PRODUCTS MARKET SIZE: TOP-DOWN APPROACH
           2.2.2 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDE
    2.3 DATA TRIANGULATION
           FIGURE 7 DATA TRIANGULATION METHODOLOGY
    2.4 FACTOR ANALYSIS
    2.5 RESEARCH ASSUMPTIONS
           2.5.1 ASSUMPTIONS
           2.5.2 MARKET ASSUMPTIONS
    2.6 RESEARCH LIMITATIONS

3 EXECUTIVE SUMMARY (Page No. - 34)
    3.1 INTRODUCTION
           3.1.1 PRE- VS POST-COVID-19 SCENARIO
                    FIGURE 8 PRE- & POST-COVID-19 SCENARIO: CAR CARE PRODUCTS MARKET, 2019–2027 (USD BILLION)
                    TABLE 1 CAR CARE PRODUCTS MARKET: PRE- VS. POST-COVID-19 SCENARIO, 2019–2027 (USD MILLION)
    3.2 REPORT SUMMARY
           FIGURE 9 CAR CARE PRODUCTS MARKET, BY REGION, 2021 VS. 2027 (USD BILLION)

4 PREMIUM INSIGHTS (Page No. - 37)
    4.1 ATTRACTIVE OPPORTUNITIES IN CAR CARE PRODUCTS MARKET
           FIGURE 10 RISING AWARENESS REGARDING CAR MAINTENANCE AND AESTHETICS TO THE MARKET
    4.2 CAR CARE PRODUCTS MARKET SIZE, BY PRODUCT TYPE
           FIGURE 11 CLEANING & CARING SEGMENT ESTIMATED TO ACCOUNT FOR LARGEST SHARE IN 2021
    4.3 CAR CARE PRODUCTS MARKET, BY CONSUMPTION
           FIGURE 12 INDIVIDUAL SOURCES TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
    4.4 CAR CARE PRODUCTS MARKET, BY DISTRIBUTION CHANNEL
           FIGURE 13 DIY SEGMENT PROJECTED TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
    4.5 CAR CARE PRODUCTS MARKET, BY VEHICLE TYPE
           FIGURE 14 COMMERCIAL VEHICLES PROJECTED TO GROW AT HIGHER CAGR DURING THE FORECAST PERIOD
    4.6 CAR CARE PRODUCTS MARKET, BY SOLVENT
           FIGURE 15 THE WATER-BASED SOLVENT SEGMENT PROJECTED TO LEAD THE CAR CARE PRODUCTS MARKET
    4.7 CAR CARE PRODUCTS MARKET, BY APPLICATION
           FIGURE 16 INTERIOR SEGMENT PROJECTED TO LEAD THE CAR CARE PRODUCTS MARKET
    4.8 CAR CARE PRODUCTS MARKET, BY REGION
           FIGURE 17 NORTH AMERICA ESTIMATED TO ACCOUNT FOR THE LARGEST SHARE OF THE MARKET IN 2021

5 MARKET OVERVIEW (Page No. - 42)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 18 CAR CARE PRODUCTS MARKET: MARKET DYNAMICS
           5.2.1 DRIVERS
                    5.2.1.1 Increase in sales of used cars
                               FIGURE 19 USED PASSENGER CAR AND LIGHT TRUCK SALES IN THE US FROM 2010 TO 2019
                    5.2.1.2 Use of ecommerce platforms by leading players to increase customer base
                               FIGURE 20 GLOBAL E-COMMERCE RETAIL SALES (2014-2020)
                               FIGURE 21 US ONLINE AUTO PARTS AND ACCESSORIES SALES (2016-2020)
           5.2.2 RESTRAINTS
                    5.2.2.1 Regulations pertaining to car wash and car care products
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Development of antibacterial car care products
                    5.2.3.2 Increasing demand for water-based cleaners
           5.2.4 CHALLENGES
                    5.2.4.1 High cost of specialized car care products
                    5.2.4.2 Usage of hazardous chemicals in car care products
    5.3 CAR CARE PRODUCTS MARKET ECOSYSTEM
           TABLE 2 CAR CARE PRODUCTS MARKET: ROLE OF COMPANIES IN ECOSYSTEM
    5.4 VALUE CHAIN ANALYSIS
           FIGURE 22 VALUE CHAIN ANALYSIS: CAR CARE PRODUCTS MARKET
    5.5 AVERAGE RETAIL PRICE (ARP) FOR POLISHING COMPOUND
           TABLE 3 AVERAGE RETAIL PRICE FOR POLISHING COMPOUND, BY REGION, 2021
           5.5.1 NORTH AMERICA AVERAGE RETAIL PRICE (ARP) FOR POLISHING COMPOUND, BY KEY BRANDS, 2021
                    TABLE 4 NORTH AMERICA AVERAGE RETAIL PRICE (ARP) FOR POLISHING COMPOUND, BY KEY BRANDS, 2021
           5.5.2 EUROPE AVERAGE RETAIL PRICE (ARP) FOR POLISHING COMPOUND, BY KEY BRANDS, 2021
                    TABLE 5 EUROPE AVERAGE RETAIL PRICE (ARP) FOR POLISHING COMPOUND, BY KEY BRANDS, 2021
           5.5.3 ASIA PACIFIC AVERAGE RETAIL PRICE (ARP) FOR POLISHING COMPOUND, BY KEY BRANDS, 2021
                    TABLE 6 ASIA PACIFIC AVERAGE RETAIL PRICE (ARP) FOR POLISHING COMPOUND, BY KEY BRANDS, 2021
    5.6 PORTER’S FIVE FORCES ANALYSIS
           FIGURE 23 PORTER’S FIVE FORCES ANALYSIS: PRESENCE OF ESTABLISHED GLOBAL PLAYERS INCREASES DEGREE OF COMPETITION
           5.6.1 PORTER’S FIVE FORCES ANALYSIS
           5.6.2 THREAT OF SUBSTITUTES
           5.6.3 THREAT OF NEW ENTRANTS
           5.6.4 BARGAINING POWER OF BUYERS
           5.6.5 BARGAINING POWER OF SUPPLIERS
           5.6.6 INTENSITY OF COMPETITIVE RIVALRY
    5.7 PATENT ANALYSIS
           TABLE 7 APPLICATIONS AND PATENTS GRANTED, 2018–2021
    5.8 CASE STUDY ANALYSIS
           5.8.1 OSKAR RUFF & CO. OHG IN ESSLINGEN, GERMANY
           5.8.2 TURTLE WAX EXPERIENCES SIGNIFICANT COST SAVINGS
    5.9 CAR CARE PRODUCTS MARKET SCENARIO
           FIGURE 24 CAR CARE PRODUCTS MARKET SCENARIO, 2019–2027 (USD BILLION)
           5.9.1 REALISTIC SCENARIO
                    TABLE 8 CAR CARE PRODUCTS MARKET (REALISTIC SCENARIO), BY REGION, 2019–2027 (USD BILLION)
           5.9.2 OPTIMISTIC SCENARIO
                    TABLE 9 CAR CARE PRODUCTS MARKET (OPTIMISTIC SCENARIO), BY REGION, 2019–2027 (USD BILLION)
           5.9.3 PESSIMISTIC SCENARIO
                    TABLE 10 CAR CARE PRODUCTS MARKET (PESSIMISTIC SCENARIO), BY REGION, 2019–2027 (USD BILLION)

6 RECOMMENDATIONS BY MARKETSANDMARKETS (Page No. - 61)
    6.1 NORTH AMERICA IS EXPECTED TO LEAD THE GLOBAL MARKET FOR CAR CARE PRODUCTS
    6.2 INTERIOR CAR CARE PRODUCTS - KEY FOCUS AREAS
    6.3 CONCLUSION

7 CAR CARE PRODUCTS MARKET, BY PRODUCT TYPE (Page No. - 62)
    7.1 INTRODUCTION
           7.1.1 RESEARCH METHODOLOGY
           7.1.2 ASSUMPTIONS
           7.1.3 INDUSTRY INSIGHTS
                    FIGURE 25 CAR CARE PRODUCTS MARKET, BY PRODUCT TYPE, 2021 VS. 2027 (USD BILLION)
                    TABLE 11 CAR CARE PRODUCTS MARKET, BY PRODUCT TYPE, 2019–2027 (USD BILLION)
    7.2 CLEANING AND CARING
           TABLE 12 CLEANING AND CARING MARKET, BY REGION, 2019–2027 (USD BILLION)
    7.3 POLISHING AND WAXING
           TABLE 13 POLISHING AND WAXING MARKET, BY REGION, 2019–2027 (USD BILLION)
           7.3.1 GLOBAL POLISHING COMPOUND MARKET, BY REGION, 2019–2027
                    TABLE 14 GLOBAL POLISHING COMPOUND MARKET, BY REGION, 2019–2027 (USD BILLION)
                    7.3.1.1 Global water based polishing solvent market, by region, 2019–2027
                               TABLE 15 GLOBAL WATER BASED POLISHING SOLVENT MARKET,BY REGION, 2019–2027 (USD BILLION)
                    7.3.1.2 Global water free polishing solvent market, by region, 2019–2027
                               TABLE 16 GLOBAL WATER FREE POLISHING SOLVENT MARKET,BY REGION, 2019–2027 (USD BILLION)
    7.4 SEALING GLAZE AND COATING
           TABLE 17 SEALING GLAZE AND COATING MARKET, BY REGION, 2019–2027 (USD BILLION)
    7.5 OTHER PRODUCTS
           TABLE 18 OTHER PRODUCTS MARKET, BY REGION, 2019–2027 (USD BILLION)

8 CAR CARE PRODUCTS MARKET, BY APPLICATION (Page No. - 69)
    8.1 INTRODUCTION
           8.1.1 RESEARCH METHODOLOGY
           8.1.2 ASSUMPTIONS
           8.1.3 INDUSTRY INSIGHTS
                    FIGURE 26 CAR CARE PRODUCTS MARKET, BY APPLICATION, 2021 VS. 2027 (USD BILLION)
                    TABLE 19 CAR CARE PRODUCTS MARKET, BY APPLICATION, 2019–2027 (USD BILLION)
    8.2 INTERIOR
           TABLE 20 INTERIOR CAR CARE PRODUCTS MARKET, BY REGION, 2019–2027 (USD BILLION)
    8.3 EXTERIOR
           TABLE 21 EXTERIOR CAR CARE PRODUCTS MARKET, BY REGION, 2019–2027 (USD BILLION)

9 CAR CARE PRODUCTS MARKET, BY CONSUMPTION (Page No. - 73)
    9.1 INTRODUCTION
           9.1.1 RESEARCH METHODOLOGY
           9.1.2 ASSUMPTIONS
           9.1.3 INDUSTRY INSIGHTS
                    FIGURE 27 CAR CARE PRODUCTS MARKET, BY CONSUMPTION, 2021 VS. 2027 (USD BILLION)
                    TABLE 22 CAR CARE PRODUCTS MARKET, BY CONSUMPTION, 2019–2027 (USD BILLION)
    9.2 AUTO BEAUTY SHOPS
           TABLE 23 AUTO BEAUTY SHOPS MARKET, BY REGION, 2019–2027 (USD BILLION)
    9.3 SERVICE CENTERS AND GARAGES
           TABLE 24 SERVICE CENTERS AND GARAGES MARKET, BY REGION, 2019–2027 (USD BILLION)
    9.4 INDIVIDUAL SOURCES
           TABLE 25 INDIVIDUAL SOURCES MARKET, BY REGION, 2019–2027 (USD BILLION)

10 CAR CARE PRODUCTS MARKET, BY SOLVENT (Page No. - 78)
     10.1 INTRODUCTION
             10.1.1 RESEARCH METHODOLOGY
             10.1.2 ASSUMPTIONS
             10.1.3 INDUSTRY INSIGHTS
                       FIGURE 28 CAR CARE PRODUCTS MARKET, BY SOLVENT, 2021 VS. 2027 (USD BILLION)
                       TABLE 26 CAR CARE PRODUCTS MARKET, BY SOLVENT, 2019–2027 (USD BILLION)
     10.2 WATER-BASED SOLVENTS
               TABLE 27 WATER-BASED CAR CARE PRODUCTS MARKET, BY REGION, 2019–2027 (USD BILLION)
     10.3 FOAM-BASED SOLVENTS
               TABLE 28 FOAM-BASED CAR CARE PRODUCTS MARKET, BY REGION, 2019–2027 (USD BILLION)

11 CAR CARE PRODUCTS MARKET, BY VEHICLE TYPE (Page No. - 83)
     11.1 INTRODUCTION
             11.1.1 RESEARCH METHODOLOGY
             11.1.2 ASSUMPTIONS
             11.1.3 INDUSTRY INSIGHTS
                       FIGURE 29 CAR CARE PRODUCTS MARKET, BY VEHICLE TYPE, 2021 VS. 2027 (USD BILLION)
                       TABLE 29 CAR CARE PRODUCTS MARKET, BY VEHICLE TYPE, 2019–2027 (USD BILLION)
     11.2 PASSENGER CARS
               TABLE 30 CAR CARE PRODUCTS MARKET FOR PASSENGER CARS, BY REGION, 2019–2027 (USD BILLION)
     11.3 COMMERCIAL VEHICLES
               TABLE 31 CAR CARE PRODUCTS MARKET FOR COMMERCIAL VEHICLES, BY REGION, 2019–2027 (USD BILLION)

12 CAR CARE PRODUCTS MARKET, BY DISTRIBUTION CHANNEL (Page No. - 87)
     12.1 INTRODUCTION
             12.1.1 RESEARCH METHODOLOGY
             12.1.2 ASSUMPTIONS
             12.1.3 INDUSTRY INSIGHTS
                       FIGURE 30 CAR CARE PRODUCTS MARKET, BY DISTRIBUTION CHANNEL, 2021 VS. 2027 (USD BILLION)
                       TABLE 32 CAR CARE PRODUCTS MARKET, BY DISTRIBUTION CHANNEL, 2019–2027 (USD BILLION)
     12.2 DIFM/SERVICE CENTERS
               TABLE 33 DIFM/SERVICE CENTERS MARKET, BY REGION, 2019–2027 (USD BILLION)
     12.3 DIY/RETAIL STORES
               TABLE 34 DIY/RETAIL STORES MARKET, BY REGION, 2019–2027 (USD BILLION)

13 CAR CARE PRODUCTS MARKET, BY REGION (Page No. - 92)
     13.1 INTRODUCTION
               FIGURE 31 NORTH AMERICA ESTIMATED TO ACCOUNT FOR THE LARGEST SHARE IN 2021
             13.1.1 RESEARCH METHODOLOGY
             13.1.2 ASSUMPTIONS
             13.1.3 INDUSTRY INSIGHTS
                       FIGURE 32 CAR CARE PRODUCTS MARKET, BY REGION, 2021 VS. 2027 (USD BILLION)
                       TABLE 35 CAR CARE PRODUCTS MARKET, BY REGION, 2019–2027 (USD BILLION)
                       TABLE 36 CAR CARE PRODUCTS MARKET, BY APPLICATION, 2019–2027 (USD BILLION)
     13.2 NORTH AMERICA
               FIGURE 33 NORTH AMERICA: CAR CARE PRODUCTS MARKET SNAPSHOT
               TABLE 37 NORTH AMERICA: CAR CARE PRODUCTS MARKET, BY COUNTRY, 2019–2027 (USD BILLION)
               TABLE 38 NORTH AMERICA: CAR CARE PRODUCTS MARKET, BY APPLICATION, 2019–2027 (USD BILLION)
             13.2.1 US
                       13.2.1.1 Increasing presence of auto beauty shops, service centers, and garages to drive the market
                                   TABLE 39 US: CAR CARE PRODUCTS MARKET, BY APPLICATION, 2019–2027 (USD BILLION)
             13.2.2 CANADA
                       13.2.2.1 Increased consumer spending on car care products to maintain cars in harsh environmental conditions to drive the market
                                   TABLE 40 CANADA: CAR CARE PRODUCTS MARKET, BY APPLICATION, 2019–2027 (USD BILLION)
             13.2.3 MEXICO
                       13.2.3.1 Weaker demand for car care products has resulted in stagnant market growth
                                   TABLE 41 MEXICO: CAR CARE PRODUCTS MARKET, BY APPLICATION, 2019–2027 (USD BILLION)
     13.3 ASIA PACIFIC
               FIGURE 34 ASIA PACIFIC: CAR CARE PRODUCTS MARKET SNAPSHOT
               TABLE 42 ASIA PACIFIC: CAR CARE PRODUCTS MARKET, BY COUNTRY, 2019–2027 (USD BILLION)
               TABLE 43 ASIA PACIFIC: CAR CARE PRODUCTS MARKET, BY APPLICATION, 2019–2027 (USD BILLION)
             13.3.1 CHINA
                       13.3.1.1 Higher demand for antimicrobial interior car care products to drive the market
                                   TABLE 44 CHINA: CAR CARE PRODUCTS MARKET, BY APPLICATION, 2019–2027 (USD BILLION)
             13.3.2 AUSTRALIA
                       13.3.2.1 Increasing demand for car wash services to drive the market
                                   TABLE 45 AUSTRALIA: CAR CARE PRODUCTS MARKET, BY APPLICATION, 2019–2027 (USD BILLION)
             13.3.3 JAPAN
                       13.3.3.1 Increasing demand for high-end car care products and services to drive the market
                                   TABLE 46 JAPAN: CAR CARE PRODUCTS MARKET, BY APPLICATION, 2019–2027 (USD BILLION)
             13.3.4 SOUTH KOREA
                       13.3.4.1 Increasing demand for paintwork care products to drive the market
                                   TABLE 47 SOUTH KOREA: CAR CARE PRODUCTS MARKET, BY APPLICATION, 2019–2027 (USD BILLION)
             13.3.5 INDIA
                       13.3.5.1 Increasing demand for cost-effective car care products to drive the market
                                   TABLE 48 INDIA: CAR CARE PRODUCTS MARKET, BY APPLICATION, 2019–2027 (USD BILLION)
     13.4 EUROPE
               FIGURE 35 EUROPE: CAR CARE PRODUCTS MARKET SNAPSHOT
               TABLE 49 EUROPE: CAR CARE PRODUCTS MARKET, BY COUNTRY, 2019–2027 (USD BILLION)
               TABLE 50 EUROPE: CAR CARE PRODUCTS MARKET, BY APPLICATION, 2019–2027 (USD BILLION)
             13.4.1 GERMANY
                       13.4.1.1 Large number of premium cars and high per capita income of car owners to drive the market
                                   TABLE 51 GERMANY: CAR CARE PRODUCTS MARKET, BY APPLICATION, 2019–2027 (USD BILLION)
             13.4.2 UK
                       13.4.2.1 Increasing consumption of car care products to maintain aesthetics to drive the market
                                   TABLE 52 UK: CAR CARE PRODUCTS MARKET, BY APPLICATION, 2019–2027 (USD BILLION)
             13.4.3 FRANCE
                       13.4.3.1 Ecommerce platforms selling DIY products to drive the market
                                   TABLE 53 FRANCE: CAR CARE PRODUCTS MARKET, BY APPLICATION, 2019–2027 (USD BILLION)
             13.4.4 ITALY
                       13.4.4.1 Increasing demand for interior car care products to drive the market
                                   TABLE 54 ITALY: CAR CARE PRODUCTS MARKET, BY APPLICATION, 2019–2027 (USD BILLION)
             13.4.5 SPAIN
                       13.4.5.1 Decreasing per capita income to restrain the market
                                   TABLE 55 SPAIN: CAR CARE PRODUCTS MARKET, BY APPLICATION, 2019–2027 (USD BILLION)
     13.5 REST OF THE WORLD (ROW)
               FIGURE 36 ROW: CAR CARE PRODUCTS MARKET, BY COUNTRY, 2021 VS. 2027 (USD BILLION)
               TABLE 56 ROW: CAR CARE PRODUCTS MARKET, BY COUNTRY, 2019–2027 (USD BILLION)
               TABLE 57 ROW: CAR CARE PRODUCTS MARKET, BY APPLICATION, 2019–2027 (USD BILLION)
             13.5.1 RUSSIA
                       13.5.1.1 Various government policies regarding car wash to drive the market
                                   TABLE 58 RUSSIA: CAR CARE PRODUCTS MARKET, BY APPLICATION, 2019–2027 (USD BILLION)
             13.5.2 BRAZIL
                       13.5.2.1 Limited awareness regarding usage of car care products and lower per capita income will lead to sluggish market
                                   TABLE 59 BRAZIL: CAR CARE PRODUCTS MARKET, BY APPLICATION, 2019–2027 (USD BILLION)

14 COMPETITIVE LANDSCAPE (Page No. - 111)
     14.1 OVERVIEW
     14.2 MARKET SHARE & RANKING ANALYSIS FOR CAR CARE PRODUCTS MARKET
               TABLE 60 MARKET SHARE ANALYSIS FOR CAR CARE PRODUCTS MARKET, 2020
               FIGURE 37 MARKET SHARE & RANKING ANALYSIS FOR CAR CARE PRODUCTS MARKET, 2020
     14.3 REVENUE ANALYSIS OF TOP LISTED/PUBLIC PLAYERS
               FIGURE 38 TOP LISTED/PUBLIC PLAYERS DOMINATING CAR CARE PRODUCTS MARKET IN LAST 3 YEARS
     14.4 COMPETITIVE SCENARIO
             14.4.1 NEW PRODUCT LAUNCHES
                       TABLE 61 NEW PRODUCT LAUNCHES, 2017–2021
             14.4.2 DEALS
                       TABLE 62 DEALS, 2017–2021
             14.4.3 EXPANSIONS
                       TABLE 63 EXPANSIONS, 2017–2019
     14.5 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2017-2020
               FIGURE 39 COMPANIES ADOPTED NEW PRODUCT DEVELOPMENT AND EXPANSION AS KEY GROWTH STRATEGIES, 2017-2020

15 COMPANY PROFILES (Page No. - 119)
(Business overview, Products offered, Recent developments & MnM View)*
     15.1 KEY PLAYERS
             15.1.1 3M
                       TABLE 64 3M: BUSINESS OVERVIEW
                       FIGURE 40 3M: COMPANY SNAPSHOT
                       TABLE 65 3M: DEALS
                       TABLE 66 3M: EXPANSIONS
             15.1.2 ILLINOIS TOOL WORKS INC.
                       TABLE 67 ILLINOIS TOOL WORKS INC.: BUSINESS OVERVIEW
                       FIGURE 41 ILLINOIS TOOL WORKS INC.: COMPANY SNAPSHOT
                       TABLE 68 ILLINOIS TOOL WORKS INC: DEALS
                       TABLE 69 ILLINOIS TOOL WORKS INC: EXPANSIONS
             15.1.3 WURTH GROUP
                       TABLE 70 WURTH GROUP: BUSINESS OVERVIEW
                       FIGURE 42 WURTH GROUP: COMPANY SNAPSHOT
                       TABLE 71 WURTH GROUP: DEALS
                       TABLE 72 WURTH GROUP: EXPANSIONS
             15.1.4 ALTRO GROUP PLC
                       TABLE 73 ALTRO GROUP PLC: BUSINESS OVERVIEW
                       FIGURE 43 ALTRO GROUP PLC: COMPANY SNAPSHOT
                       TABLE 74 ALTRO GROUP PLC: PRODUCT LAUNCHES
                       TABLE 75 ALTRO GROUP PLC: DEALS
             15.1.5 SONAX GMBH
                       TABLE 76 SONAX GMBH: BUSINESS OVERVIEW
             15.1.6 SOFT99 CORPORATION
                       TABLE 77 SOFT99 CORPORATION: BUSINESS OVERVIEW
                       FIGURE 44 SOFT99 CORPORATION: COMPANY SNAPSHOT
                       TABLE 78 SOFT99 CORPORATION – PRODUCT LAUNCHES
             15.1.7 SIMONIZ USA
                       TABLE 79 SIMONIZ USA: BUSINESS OVERVIEW
             15.1.8 JOPASU SYSTEMS
                       TABLE 80 JOPASU SYSTEMS: BUSINESS OVERVIEW
             15.1.9 TETROSYL
                       TABLE 81 TETROSYL: BUSINESS OVERVIEW
                       TABLE 82 TETROSYL: PRODUCT LAUNCHES
                       TABLE 83 TETROSYL: DEALS
             15.1.10 LIQUI MOLY
                       TABLE 84 LIQUI MOLY: BUSINESS OVERVIEW
                       TABLE 85 LIQUI MOLY SOLUTIONS: PRODUCT LAUNCHES
                       TABLE 86 LIQUI MOLY: DEALS
                       TABLE 87 LIQUI MOLY: EXPANSIONS
*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies.
     15.2 ADDITIONAL PLAYERS
             15.2.1 TURTLE WAX
                       TABLE 88 TURTLE WAX: COMPANY OVERVIEW
             15.2.2 ARMORED AUTO GROUP
                       TABLE 89 ARMORED AUTO GROUP: COMPANY OVERVIEW
             15.2.3 BULLSONE
                       TABLE 90 BULLSONE: COMPANY OVERVIEW
             15.2.4 AUTO MAGIC
                       TABLE 91 AUTO MAGIC: COMPANY OVERVIEW
             15.2.5 GUANGZHOU BIAOBANG
                       TABLE 92 GUANGZHOU BIAOBANG: COMPANY OVERVIEW
             15.2.6 NORTHERN LABS
                       TABLE 93 NORTHERN LABS: COMPANY OVERVIEW
             15.2.7 FORMULA1 WAX
                       TABLE 94 FORMULA1 WAX: COMPANY OVERVIEW
             15.2.8 MAFRA SPA
                       TABLE 95 MAFRA SPA: COMPANY OVERVIEW
             15.2.9 CARTEC B.V.
                       TABLE 96 CARTEC B.V.: COMPANY OVERVIEW
             15.2.10 CHEMICAL GUYS
                       TABLE 97 CHEMICAL GUYS: COMPANY OVERVIEW
             15.2.11 ARMOR ALL
                       TABLE 98 ARMOR ALL: COMPANY OVERVIEW

16 APPENDIX (Page No. - 154)
     16.1 INSIGHTS OF INDUSTRY EXPERTS
     16.2 DISCUSSION GUIDE
     16.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     16.4 AVAILABLE CUSTOMIZATIONS
             16.4.1 CAR CARE PRODUCTS MARKET, BY PRODUCT TYPE, BY COUNTRY
                       16.4.1.1 North America
                                   16.4.1.1.1 US
                                   16.4.1.1.2 Canada
                                   16.4.1.1.3 Mexico
                       16.4.1.2 Asia Pacific
                                   16.4.1.2.1 China
                                   16.4.1.2.2 Australia
                                   16.4.1.2.3 Japan
                                   16.4.1.2.4 South Korea
                                   16.4.1.2.5 India
                       16.4.1.3 Europe
                                   16.4.1.3.1 Germany
                                   16.4.1.3.2 UK
                                   16.4.1.3.3 France
                                   16.4.1.3.4 Italy
                                   16.4.1.3.5 Spain
                       16.4.1.4 Rest of the World
                                   16.4.1.4.1 Brazil
                                   16.4.1.4.2 Russia
     16.5 RELATED REPORTS
     16.6 AUTHOR DETAILS

The study involves four main activities to estimate the current size of the car care products market. Exhaustive secondary research was done to collect information on the market, such as product type and application types. The next step was to validate these findings, assumptions, and market analysis with industry experts across value chains through primary research. Top-down approach was employed to estimate the complete market size for different segments considered under this study. Thereafter, market breakdown and data triangulation processes were used to estimate the market size of segments and subsegments.

Secondary Research

Secondary sources referred to in this research study include international car care organizations and car wash associations; corporate filings (such as annual reports, investor presentations, and financial statements); and trade, business, and automotive associations. The secondary data was collected and analyzed to arrive at the overall market size, which is further validated by primary research.

Primary Research

Extensive primary research was conducted after acquiring an understanding of the scenario of the car care products market through secondary research. Several primary interviews were conducted with market experts from both demand- (auto beauty shops, service centers/garages) and supply-side (car care products manufacturers) across four major regions, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW). Approximately 90% of the primary interviews were conducted with experts from the supply side, and 10% of them were conducted from the demand side. Primary data was collected through questionnaires, emails, and telephonic interviews. In our canvassing of primaries, we strived to cover various departments within organizations, which included sales, operations, and administration, to provide a holistic viewpoint of the car care products industry in our report.

After interacting with industry participants, we conducted brief sessions with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the opinions of the in-house subject-matter experts, led us to the findings as described in this report.

Car Care Products Market  Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The top-down approach was used to estimate and validate the regional size for the car care products market by product type, application, consumption, solvent, vehicle type, distribution channel, and region in terms of value. The global car care products market was derived from supply-side data where we analyzed the annual car care products sales of top companies and international car wash and car care associations, and it was further validated by primary respondents. The regional and country markets were derived by understanding the percentage contribution of each region in the global car care product market and the percentage contribution of each country in their regional car care product market. The percentage share of each application at the country level was derived from secondary sources and was further validated by primary respondents. Further, for the rest of the market segments (product type, solvent, distribution channel, vehicle type, consumption), the percentage share of each segment was derived at the regional level from secondary sources and validated by industry experts. These percentage shares were multiplied with regional-level car care product markets to get the segment-wise car care product market at a regional level.

car care products market size: top-down approach

Car Care Products Market  Size, and Share

Report Objectives

  • To define, describe, and forecast the car care products market, in terms of value (USD billion), based on the following segments:
  • By Product Type [cleaning and caring, polishing and waxing, sealing glaze and coating, other products]
  • By Application [interior, exterior]
  • By Vehicle Type [passenger car, light commercial vehicle, heavy commercial vehicle]
  • By Consumption [auto beauty shops, service centers and garages, and individual sources]
  • By Solvent [water-based solvents, foam-based solvents]
  • By Distribution Channel [DIY (Do it Yourself)/retail stores, DIFM (Do it For Me)/service centers]
  • By Region (North America, Asia Pacific, Europe, and the Rest of the World)
  • To analyze the impact of COVID-19 on car care products market (pre-COVID-19 vs. post-COVID-19)
  • To understand the market dynamics (drivers, restraints, opportunities, and challenges) of the car care products market
  • To analyze the market ranking of key players operating in the car care products market
  • To analyze recent developments, alliances, joint ventures, mergers & acquisitions, new product launches, and other activities carried out by key industry players in the car care products market
  • To analyze the impact of COVID-19 into most likely scenario, low-impact, and high-impact scenario.
  • To conduct case study analysis, Porter’s five forces analysis, technology analysis, patent analysis, average premium analysis, and revenue analysis of top 5 players

Available Customization

Along with the given market data, MarketsandMarkets offers customizations in accordance with the company’s specific needs.

COVID-19

Get in-depth analysis of the COVID-19 impact on the Car Care Products Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Car Care Products Market

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Report Code
AT 7197
Published ON
Jul, 2021
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