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 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. Growing sales of used cars, a rise in demand for premium passenger cars and increasing usage of car wash and auto detailing centers have promoted the car care products market. Moreover, increasing awareness for maintaining car aesthetics and use of e-commerce platforms to increase customer base by major car care product manufacturers is expected to drive the growth of the car care products market.

Car Care Products Market

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Car Care Products Market Dynamics

DRIVER: Increase in sale of used cars

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. Increasing the sale of used cars would be a key driver for the car care product industry.

RESTRAINT: Regulations on 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 U.S.

The EPA prefers that car owners use professional detailing services over a home do-it-yourself (DIY) cleaning job. 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 their 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; the fine is USD 1,000. In California, one can get fined USD 500 for wasting water while 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, 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 clean car interior 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. Like many car care product manufacturers, car owners and customers have realized the importance of a germ-free surface. 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 passengers’ safety.

CHALLENGE: High cost of specialized car care products

The growth of specialized car care products has been restricted to luxury and premium car owners compared to economy cars. As a major portion of the economy, car owners do not prefer paying for specialized car care products such as Teflon coating, high-quality car polish, and wax, anti-rust coating, among others. Most car users only prefer a regular car maintenance service. Economy car owners find it difficult to pay for specialized car care products due to less income, or they might feel it is not worth enough to invest in car care products for their low-end vehicles. Specialized car care products and services like car polishing and wax cost around USD 30 to USD 75 for an average-sized car and around USD 50 to USD 100 for an SUV or van, including labor charges. Specific car detailing services such as anti-rust coating and other services may cost up to USD 150 and above for an average vehicle and USD 175 or above for SUVs and vans. In contrast, regular full car servicing may cost USD 15 or above. Hence, the high cost of specialized car care products affects the demand for car care products for economy car owners.

The Auto Beauty Shop segment is expected to be the largest segment during the forecast period

Auto beauty shops provide high-quality car washes and car detailing services such as headlight restoration, specialized interior cleaning, car polishing, and tire care services. These shops require various car cleaning products such as degreasers, car wash shampoos, and soaps. According to the International Carwash Association (ICA), a consistent decline in consumers washing their vehicles at home has been witnessed. In 1996, 52.4% preferred home washes; in 2014, that number shrank to 28.4%. On the other hand, the percentage of consumers who favored a professional facility grew from 47.6% to 71.6% from 1996 to 2014. In 2019, that percentage grew even higher to 77%. Hence, car owners' increasing usage of auto beauty shops has promoted the segment's growth.

The Interior segment is expected to be the fastest-growing segment during the forecast period

The car care products for vehicle interiors include interior cleaning for interior trim, plastic and rubber part cleaner, car glass cleaners, leather care products, dashboard polish/cleaner, interior car polish, and floor cleaners. Due to COVID-19, awareness regarding interior hygiene among car owners has increased, which would drive the growth of interior car care products. Further, recent developments in anti-microbial car care products will fuel the usage of interior car care products to maintain the aesthetics of a car's interior and provide a germ-free interior environment.

North American region is estimated to be the largest regional market

The U.S. is the largest car care products market in North America, with a significant market share of the global market, followed by Canada and Mexico. Car owners in the U.S. use car wash and auto detailing services more frequently, raising the demand for and usage of car care products. In 2019, professional car wash centers' vehicle wash rates rose to 77%, according to the International Car Wash Association. Additionally, 13 car washes are performed annually by the 66% of Americans who wash their vehicles 1-2 times each month. In contrast, laws and regulations in the U.S. that prohibit automobile owners from washing their vehicles at home have driven them to hire auto beauty salons, service centers, and garages to maintain their vehicles' appearance. Additionally, increasing sales of used cars in the region and increasing demand for cost-effective water-based solvent car care products are driving the market in the region.

Car Care Products Market by Region

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Key Market Players

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

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Scope of the Report

Report Attributes

Details

Market size value in 2021:

 USD 4.2 Billion

Projected to reach 2026:

 USD 5.5 Billion

CAGR:

 4.7%

Base Year Considered:

 2021

Forecast Period:

 2022-2027

Largest Market:

 North America

Region Covered:

Asia Oceania, Europe, North America, and RoW

Segments Covered:

Product Type,  Application, Consumption, Solvent, Vehicle Type, Distribution Channel and Region

Companies Covered:

Tetrosyl (U.K.), Illinois Tool Works (U.S.), 3M (U.S.), Sonax Gmbh (Germany), and Wurth Group (Germany).

Recent Developments

  • In September 2022. Turtle Wax recently inaugurated a new car care studio in Mumbai in partnership with Carxotic, which specializes in acquiring rare vehicles from across the country. The Turtle Wax Car Care Studio, run by trained service personnel, offers a wide range of car detailing services.
  • In March 2021, Soft99 Corporation launched the Fukupika Wash & Wax Gen.5 and G-Jetta.
  • In February 2021, Altro Group launched The Royal Warranted car-care expert’s new Fogger, which requires just 10 minutes to work, helping mask nasty smells behind a pleasant minty freshness thanks to its simple ‘one-shot’ operation.
  • In May 2019, Castrol India and 3M India teamed up to launch an assortment of vehicle care products. Under the purview of this collaboration, a range of 3M-Castrol branded bike and car care products, such as glass cleaner, shampoo, dashboard, tire dressers, cream wax, etc., will be retailed in India.
  • In May 2019, Liqui Moly continued collaborating with the Italian motorcycle manufacturer Betamotor. Since 2014, all the motorcycles manufactured at the Beta plant have Liqui Moly oil in their engines. The two companies have now decided to extend their cooperation up to 2021. This partnership includes additives, care products, service products, etc., that are geared specifically toward motorcycles
  • In January 2019, 3M 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 facility.
  • In February 2018, 3M opened an Innovation Center in Washington, D.C., at its offices near the Capitol to showcase how 3M science solves some of today's biggest challenges.

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 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: MARKET, 2019–2027 (USD BILLION)
                    TABLE 1 MARKET: PRE- VS. POST-COVID-19 SCENARIO, 2019–2027 (USD MILLION)
    3.2 REPORT SUMMARY
           FIGURE 9 MARKET, BY REGION, 2021 VS. 2027 (USD BILLION)

4 PREMIUM INSIGHTS (Page No. - 37)
    4.1 ATTRACTIVE OPPORTUNITIES IN GLOBAL MARKET
           FIGURE 10 RISING AWARENESS REGARDING CAR MAINTENANCE AND AESTHETICS TO THE MARKET
    4.2 MARKET SIZE, BY PRODUCT TYPE
           FIGURE 11 CLEANING & CARING SEGMENT ESTIMATED TO ACCOUNT FOR LARGEST SHARE IN 2021
    4.3 MARKET, BY CONSUMPTION
           FIGURE 12 INDIVIDUAL SOURCES TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
    4.4 MARKET, BY DISTRIBUTION CHANNEL
           FIGURE 13 DIY SEGMENT PROJECTED TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
    4.5 MARKET, BY VEHICLE TYPE
           FIGURE 14 COMMERCIAL VEHICLES PROJECTED TO GROW AT HIGHER CAGR DURING THE FORECAST PERIOD
    4.6 MARKET, BY SOLVENT
           FIGURE 15 THE WATER-BASED SOLVENT SEGMENT PROJECTED TO LEAD THE MARKET
    4.7 MARKET, BY APPLICATION
           FIGURE 16 INTERIOR SEGMENT PROJECTED TO LEAD THE MARKET
    4.8 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 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 MARKET ECOSYSTEM
           TABLE 2 MARKET: ROLE OF COMPANIES IN ECOSYSTEM
    5.4 VALUE CHAIN ANALYSIS
           FIGURE 22 VALUE CHAIN ANALYSIS: 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 MARKET SCENARIO
           FIGURE 24 MARKET SCENARIO, 2019–2027 (USD BILLION)
           5.9.1 REALISTIC SCENARIO
                    TABLE 8 MARKET (REALISTIC SCENARIO), BY REGION, 2019–2027 (USD BILLION)
           5.9.2 OPTIMISTIC SCENARIO
                    TABLE 9 MARKET (OPTIMISTIC SCENARIO), BY REGION, 2019–2027 (USD BILLION)
           5.9.3 PESSIMISTIC SCENARIO
                    TABLE 10 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 MARKET, BY PRODUCT TYPE, 2021 VS. 2027 (USD BILLION)
                    TABLE 11 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 MARKET, BY APPLICATION, 2021 VS. 2027 (USD BILLION)
                    TABLE 19 MARKET, BY APPLICATION, 2019–2027 (USD BILLION)
    8.2 INTERIOR
           TABLE 20 INTERIOR MARKET, BY REGION, 2019–2027 (USD BILLION)
    8.3 EXTERIOR
           TABLE 21 EXTERIOR 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 MARKET, BY CONSUMPTION, 2021 VS. 2027 (USD BILLION)
                    TABLE 22 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 MARKET, BY SOLVENT, 2021 VS. 2027 (USD BILLION)
                       TABLE 26 MARKET, BY SOLVENT, 2019–2027 (USD BILLION)
     10.2 WATER-BASED SOLVENTS
               TABLE 27 WATER-BASED MARKET, BY REGION, 2019–2027 (USD BILLION)
     10.3 FOAM-BASED SOLVENTS
               TABLE 28 FOAM-BASED 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 MARKET, BY VEHICLE TYPE, 2021 VS. 2027 (USD BILLION)
                       TABLE 29 MARKET, BY VEHICLE TYPE, 2019–2027 (USD BILLION)
     11.2 PASSENGER CARS
               TABLE 30 MARKET FOR PASSENGER CARS, BY REGION, 2019–2027 (USD BILLION)
     11.3 COMMERCIAL VEHICLES
               TABLE 31 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 MARKET, BY DISTRIBUTION CHANNEL, 2021 VS. 2027 (USD BILLION)
                       TABLE 32 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 MARKET, BY REGION, 2021 VS. 2027 (USD BILLION)
                       TABLE 35 MARKET, BY REGION, 2019–2027 (USD BILLION)
                       TABLE 36 MARKET, BY APPLICATION, 2019–2027 (USD BILLION)
     13.2 NORTH AMERICA
               FIGURE 33 NORTH AMERICA: MARKET SNAPSHOT
               TABLE 37 NORTH AMERICA: MARKET, BY COUNTRY, 2019–2027 (USD BILLION)
               TABLE 38 NORTH AMERICA: 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: 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: 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: MARKET, BY APPLICATION, 2019–2027 (USD BILLION)
     13.3 ASIA PACIFIC
               FIGURE 34 ASIA PACIFIC: MARKET SNAPSHOT
               TABLE 42 ASIA PACIFIC: MARKET, BY COUNTRY, 2019–2027 (USD BILLION)
               TABLE 43 ASIA PACIFIC: 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: 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: 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: 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: 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: MARKET, BY APPLICATION, 2019–2027 (USD BILLION)
     13.4 EUROPE
               FIGURE 35 EUROPE: MARKET SNAPSHOT
               TABLE 49 EUROPE: MARKET, BY COUNTRY, 2019–2027 (USD BILLION)
               TABLE 50 EUROPE: 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: 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: 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: 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: 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: MARKET, BY APPLICATION, 2019–2027 (USD BILLION)
     13.5 REST OF THE WORLD (ROW)
               FIGURE 36 ROW: MARKET, BY COUNTRY, 2021 VS. 2027 (USD BILLION)
               TABLE 56 ROW: MARKET, BY COUNTRY, 2019–2027 (USD BILLION)
               TABLE 57 ROW: 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: 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: 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 
               TABLE 60 MARKET SHARE ANALYSIS FOR MARKET, 2020
               FIGURE 37 MARKET SHARE & RANKING ANALYSIS FOR MARKET, 2020
     14.3 REVENUE ANALYSIS OF TOP LISTED/PUBLIC PLAYERS
               FIGURE 38 TOP LISTED/PUBLIC PLAYERS DOMINATING 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 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 global market by product type, application, consumption, solvent, vehicle type, distribution channel, and region in terms of value. The global 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.

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 global market (pre-COVID-19 vs. post-COVID-19)
  • To understand the market dynamics (drivers, restraints, opportunities, and challenges) of the market
  • To analyze the market ranking of key players operating in the 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.

Report Code
AT 7197
Published ON
Jul, 2021
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