Car Care Products Market

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

Report Code: AT 7197 Jun, 2019, by marketsandmarkets.com

[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.

Car Care Products 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.

Car Care Products Market

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.

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.

Car Care Products Market

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

Scope of the Report

Report Metric

Details

 

Market Size Available for Years

 

2018-2027

Base Year Considered

2018

Forecast Period

2019-2027

Forecast Units

Value (USD Billion)

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

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

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)

Report Code
AT 7197
Published ON
Jun, 2019
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