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The global car care products market exhibited moderate growth during 2015-2020. Cars are regularly exposed to sand, gravel, sun rays, tree sap, road asphalt, deicing agents, bird droppings, and airborne contaminants. These pollutants can damage protective coatings and deteriorate automotive finishes. Consequently, there is a rise in the demand for car care products worldwide as they assist in restoring the interiors, cleaning the outer body, extending the life, and adding to the value of the vehicle. Car care products generally include pads, cleaners, sprays, waxes, anti-aging moisturizing milk, and dust repellents. At present, leading manufacturers are introducing novel products, such as powerful degreasers that can eliminate engine grease and clean dirt buildup on wheels and tires.
The rising demand for private vehicles due to the increasing consumer spending and the emerging suburbanization trend represents one of the main factors fueling the market growth. Besides this, with the growing adoption of luxury cars and sports utility vehicles (SUVs) for outdoor recreational activities, the need for effective car care products is also increasing. Moreover, the leading players are offering these products through online platforms to expand their consumer base. Apart from this, the increasing consumer awareness about the maintenance of vehicles is catalyzing the demand for innovative cleansing products to maintain car seats, restore colors, and eliminate unpleasant odors and traces of nicotine. These products also help in refining plastic parts and dashboards and removing dirt safely while providing finish and maintaining the shine. Furthermore, the rising sales of used cars are anticipated to provide lucrative opportunities to market players. Looking forward, IMARC Group expects the global car care products market to grow at a CAGR of around 4% during the forecast period (2021-2026).
IMARC Group provides an analysis of the key trends in each sub-segment of the global car care products market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, product type, application and distribution channel.
Breakup by Product Type:
Breakup by Application:
Breakup by Distribution Channel:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 3M Company, Adolf Würth GmbH & Co. KG, Autoglym (The Altro Group plc), BULLSONE Co.Ltd, Illinois Tool Works Inc., Jopasu India Pvt. Ltd., Simoniz USA Inc., SOFT99 Corporation, Sonax GmbH, Tetrosyl Ltd. and Turtle Wax.
We expect the global car care products market to exhibit a CAGR of around 4% during 2021-2026.
The growing adoption of luxury cars and sports utility vehicles for outdoor recreational activities is primarily driving the global car care products market.
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of car care products.
Based on the product type, the global car care products market can be segmented into car cleaning products, car polish, car wax, wheel and tire care products, glass cleaners, and others Among these, car cleaning products account for the majority of the global market share.
Based on the application, the global car care products market has been divided into interior and exterior, where interior application currently exhibits a clear dominance in the market.
Based on the distribution channel, the global car care products market can be categorized into DIY/retail stores and DIFM/service centers. Currently, DIFM/service centers account for the largest market share.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Asia Pacific currently dominates the global market.
Some of the major players in the global car care products market include 3M Company, Adolf Würth GmbH & Co. KG, Autoglym (The Altro Group plc), BULLSONE Co.Ltd, Illinois Tool Works Inc., Jopasu India Pvt. Ltd., Simoniz USA Inc., SOFT99 Corporation, Sonax GmbH, Tetrosyl Ltd., and Turtle Wax.
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