Car Care Products Market Expected to Reach 6.47 Billion By 2030 | CAGR: 4.9%
The global car care products market size is expected to reach USD 6.47 billion by 2030, according to a new study by Polaris Market Research.
The rise in used car sales during the pandemic, as well as the development of antimicrobial auto maintenance solutions, are two significant reasons driving market expansion. The market demand for these products has increased as the quality of used automobile service has improved around the world. In addition, while a car interior free of dirt, sand, dust, and smudges is desirable, what there is concern about bacteria and hazardous microbes is also there.
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Further, it assists the driver and passengers of a vehicle, who spend an average of 3-4 hours inside a vehicle, in avoiding numerous diseases and health difficulties associated with a bacterial infection. Many car care product manufacturers, as well as car owners and users, recognize the need for a germ-free surface. In recent years, COVID-19 has enhanced market demand for these products, as operators have realized the importance of using sanitizers and antimicrobial car care solutions for their own and other passengers’ safety.
Based on the product, the car cleaning products segment accounted for the leading share in the market in 2021. This is due to the widespread use of shampoo and detergent to clean the external metal surfaces of automobiles. Dirt, grease, oil stains, and other impurities can be safely removed from the automobile body with these items. Furthermore, the industry is likely to be driven by rising market demand for waterless dry wash products as a result of rising environmental concerns.
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The rise in the sale of used cars for its benefits during the pandemic has rapidly increased the demand for these goods. For instance, pollutants that cause automobile painting and internal work to deteriorate are more likely to be detected in secondhand automobiles. Automobiles include sun rays, tree resin, road cement, sand, gravel, de-icing chemicals, bird guano, and other aerial contaminants. As a result, goods such as automobile polish and waxing, trim cleaners, and tyre and wheel protectors are in higher demand all over the world, as they assist in preserving a used car’s interiors, cleaning the façade, extending the life of a vehicle, and contribute positively to a used automobile. Pre-owned vehicles that have previously had one or more retail owners are referred to as used automobiles. The used automobile sector is served by both unorganized and organized operators.
Market players such as Wurth Group, Tetrosyl Ltd., 3M, Cartec B.V., Chemical Guys, Sonax GmbH, Turtle Wax, Cartec B.V., and MAFRA S.p.A. are some key players operating in the global market. Innovative products and services are introduced by the key players in the marketplace. For instance, in October 2021, Energizer Malaysia introduced “Armor All” to extend its portfolio of offerings. High-quality “Armor All formulations” will provide effective car care products and services at reasonable prices. It has achieved professional results at home with items like the all-in-one and 1-step application range.
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Polaris Market Research has segmented the car care products market report based on Product, packaging, application, distribution channel, and region:
Car Care Products, Product Outlook (Revenue – USD Billion, 2018 – 2030)
- Car Cleaning
- Car Polish
- Car Wax
- Wheel & Tire Care
- Glass Cleaners
- Interior Care
Car Care Products, Packaging Outlook (Revenue – USD Billion, 2018 – 2030)
- Less than 250 ml
- 251 – 500 ml
- 501 – 999 ml
- 1 L – 5 L
- Above 5 L
Car Care Products, Application Outlook (Revenue – USD Billion, 2018 – 2030)
Car Care Products, Distribution Channel Outlook (Revenue – USD Billion, 2018 – 2030)
- DIY/Retail Stores
- DIFM/Service Centers
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