Report Code: CMI11534

Published Date: July 2022

Pages: 220+

Category: Automotive

Report Snapshot

CAGR: 4.5%
11.4B
2021
11.8B
2022
15.5B
2030

Source: CMI

Study Period: 2024-2033
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • 3M
  • Illinois Tool Works
  • Tetrosyl
  • SonaxGmbh
  • Others

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Reports Description

The global car care products market size was estimated to be around USD 11.4 billion in 2021 and is anticipated to reach USD 15.5 billion by 2030, with a CAGR of roughly 4.5% between 2022 and 2030. The study examines the market’s drivers and constraints for auto care products, as well as the effects they have on demand throughout the forecast period. The paper also looks at international opportunities in the market for Car Care Products worldwide.

Car Care Products Market: Overview

The market is anticipated to be driven by rapidly rising auto sales globally, increased consumer disposable income, and advancements in car wash technology throughout the forecast period. Luxury automobiles and SUVs frequently employ car care and appearance-improving items. The vehicle is protected and kept glossy with waxes and polishes. Additionally, the vehicle’s exterior is maintained by using cleaning and protection solutions. Over the projection period, this trend is anticipated to fuel product demand.

Chemicals that are extremely effective are utilized in automobile maintenance solutions to increase the durability, brilliance, and brilliance of vehicles. This substance is safeguarded and keeps the car’s aesthetic charm. These are modified varieties of commercially available automobile chemicals that include glass cleaners, paint repair products, interior and exterior care products, tire shine, paint cleaning, and products for wheels and paint. As long as they remain the chemicals and tools that create the ideal shine, automobile care products and accessories serve as an inspiration for this devotion.

Car Care Products Market: COVID-19 Impact Analysis

The COVID-19 epidemic has had a negative impact on the market for car care products. The pandemic has caused the closure of numerous auto-detailing shops globally, slowing growth. Additionally, there is less demand for car washes because they must adhere to COVID-19 regulations for social distance and other safety procedures. Additionally, the pandemic has impacted DIY auto services since poor supply chains have caused a shortage of materials for automobile maintenance. The demand for car maintenance products is rising, though, as diverse economic activity resume. Sales of cars are rising, particularly in China.

Global Car Care Products Market 2023 – 2032 (By Product)

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Car Care Products Market: Growth Drivers

The industry is expanding as a result of elements like rising auto sales and improvements in vehicle washing technology. Market participants place a strong emphasis on the creation of items having numerous uses. The importance of user-friendly products is growing among consumers. The United States now holds the highest market share thanks to the advancement of motorization. Per 1,000 people, there are 838 automobiles in the nation.

One of the main factors influencing market growth is a rise in demand for private cars brought on by rising consumer spending and a growing trend toward suburbanization. In addition, the need for efficient car maintenance solutions rises as more people use luxury cars and sport utility vehicles (SUVs) for outdoor enjoyment.

Sales of car cleaning products will dominate the industry globally in 2021. This is due to the widespread use of shampoos and detergents to clean the metal surfaces on the outside of cars. These chemicals effectively clean the car’s body of contaminants like dirt, grease, oil stains, and other impurities. Additionally, this market is anticipated to be driven by rising demand for waterless dry laundry products as a result of more pressing environmental concerns.

The market for global sales of automobile care products in 2021 was led by products with container volumes between 501 and 999 ml. This is due to the fact that individuals, tiny workshops, and independent workshops all choose this range. The market is anticipated to develop as more consumers choose to repair and maintenance services including cleaning and detailing in small workshops.

Report Scope

Feature of the Report Details
Market Size in 2021 USD 11.4 Billion
Projected Market Size in 2030 USD 15.5 Billion
CAGR Growth Rate 4.5% CAGR (2022-2030)
Base Year 2023
Forecast Period 2024-2033
Prominent Players 3M, Illinois Tool Works, Tetrosyl, SonaxGmbh, Wurth Group, and Others
Key Segment By Product, Packaging Volume, Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
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Key Insights:

  • According to our research analyst’s analysis, the market for Car Care Products is anticipated to expand annually at a CAGR of about 4.5% throughout the forecast period (2022-2030).
  • The Car Care Products market size was estimated to be worth USD 11.4 billion in 2021 and is expected to grow to USD 15.5 billion by 2030. The market is expected to grow significantly over the coming years as a result of a number of driving factors.
  • The car cleaning substance was anticipated to have the highest market share in 2021 based on the kind.
  • Geographically speaking, the “North America” region generated the most income in 2021.

Recent Development

Nov 2021 – An automobile care company founded in the United States, Turtle Wax, claimed in November 2021 that the revival of traditional retail and e-commerce is what is driving its growth.

Global Car Care Products Market 2023 – 2032 (By Billion)

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Regional Landscape

In 2021, North America would control the worldwide sales market. This is a result of rising auto sales and regional awareness of car maintenance. The increase in the usage of micro trucks as family vehicles and the rise in demand for luxury vehicles are further factors that will likely lead to the widespread development of car maintenance products.

Global Car Care Products Market 2023 – 2032 (By Application)

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Competitive Landscape

These important Car Care Products players’ business profiles, recent developments, and important market strategies are included in the study’s in-depth competitive analysis.

Car Care Products Market: Segmentation Analysis

By Product By Packaging By Application By Distribution Channel By Region
  • Car Cleaning Products
  • Car Wax
  • 251 – 500 mL
  • 501 – 999 mL
  • Interior
  • Exterior
  • DIY/Retail Stores
  • DIFM/Service Centres
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

The global car care products market is segmented as follows:

By Product

  • Car Cleaning Products
  • Car Wax

By Packaging Volume

  • 251 – 500 mL
  • 501 – 999 mL

By Application

  • Interior
  • Exterior

By Distribution Channel

  • DIY/Retail Stores
  • DIFM/Service Centres

On the basis of Geography

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Car Care Products Market, (2022 – 2030) (USD Billion)
    • 2.2 Global Car Care Products Market: snapshot
  • Chapter 3. Global Car Care Products Market – Industry Analysis
    • 3.1 Car Care Products Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Growing auto sales and technological advancements in vehicle washing
      • 3.2.2 Driver 2
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Product
      • 3.7.2 Market attractiveness analysis By Packaging Volume
  • Chapter 4. Global Car Care Products Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Car Care Products Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Car Care Products Market – Product Analysis
    • 5.1 Global Car Care Products Market overview: By Product
      • 5.1.1 Global Car Care Products Market share, By Product, 2021 and 2030
    • 5.2 Car Cleaning Products
      • 5.2.1 Global Car Care Products Market by Car Cleaning Products, 2022 – 2030 (USD Billion)
    • 5.3 Car Wax
      • 5.3.1 Global Car Care Products Market by Car Wax, 2022 – 2030 (USD Billion)
  • Chapter 6. Global Car Care Products Market – Packaging Volume Analysis
    • 6.1 Global Car Care Products Market overview: By Packaging Volume
      • 6.1.1 Global Car Care Products Market share, By Packaging Volume, 2021 and 2030
    • 6.2 251 – 500 mL
      • 6.2.1 Global Car Care Products Market by 251 – 500 mL, 2022 – 2030 (USD Billion)
    • 6.3 501 – 999 mL
      • 6.3.1 Global Car Care Products Market by 501 – 999 mL, 2022 – 2030 (USD Billion)
  • Chapter 7. Car Care Products Market – Regional Analysis
    • 7.1 Global Car Care Products Market Regional Overview
    • 7.2 Global Car Care Products Market Share, by Region, 2021 & 2030 (USD Billion)
    • 7.3. North America
      • 7.3.1 North America Car Care Products Market, 2022 – 2030 (USD Billion)
        • 7.3.1.1 North America Car Care Products Market, by Country, 2022 – 2030 (USD Billion)
    • 7.4 North America Car Care Products Market, by Product, 2022 – 2030
      • 7.4.1 North America Car Care Products Market, by Product, 2022 – 2030 (USD Billion)
    • 7.5 North America Car Care Products Market, by Packaging Volume, 2022 – 2030
      • 7.5.1 North America Car Care Products Market, by Packaging Volume, 2022 – 2030 (USD Billion)
    • 7.6. Europe
      • 7.6.1 Europe Car Care Products Market, 2022 – 2030 (USD Billion)
        • 7.6.1.1 Europe Car Care Products Market, by Country, 2022 – 2030 (USD Billion)
    • 7.7 Europe Car Care Products Market, by Product, 2022 – 2030
      • 7.7.1 Europe Car Care Products Market, by Product, 2022 – 2030 (USD Billion)
    • 7.8 Europe Car Care Products Market, by Packaging Volume, 2022 – 2030
      • 7.8.1 Europe Car Care Products Market, by Packaging Volume, 2022 – 2030 (USD Billion)
    • 7.9. Asia Pacific
      • 7.9.1 Asia Pacific Car Care Products Market, 2022 – 2030 (USD Billion)
        • 7.9.1.1 Asia Pacific Car Care Products Market, by Country, 2022 – 2030 (USD Billion)
    • 7.10 Asia Pacific Car Care Products Market, by Product, 2022 – 2030
      • 7.10.1 Asia Pacific Car Care Products Market, by Product, 2022 – 2030 (USD Billion)
    • 7.11 Asia Pacific Car Care Products Market, by Packaging Volume, 2022 – 2030
      • 7.11.1 Asia Pacific Car Care Products Market, by Packaging Volume, 2022 – 2030 (USD Billion)
    • 7.12. Latin America
      • 7.12.1 Latin America Car Care Products Market, 2022 – 2030 (USD Billion)
        • 7.12.1.1 Latin America Car Care Products Market, by Country, 2022 – 2030 (USD Billion)
    • 7.13 Latin America Car Care Products Market, by Product, 2022 – 2030
      • 7.13.1 Latin America Car Care Products Market, by Product, 2022 – 2030 (USD Billion)
    • 7.14 Latin America Car Care Products Market, by Packaging Volume, 2022 – 2030
      • 7.14.1 Latin America Car Care Products Market, by Packaging Volume, 2022 – 2030 (USD Billion)
    • 7.15. The Middle-East and Africa
      • 7.15.1 The Middle-East and Africa Car Care Products Market, 2022 – 2030 (USD Billion)
        • 7.15.1.1 The Middle-East and Africa Car Care Products Market, by Country, 2022 – 2030 (USD Billion)
    • 7.16 The Middle-East and Africa Car Care Products Market, by Product, 2022 – 2030
      • 7.16.1 The Middle-East and Africa Car Care Products Market, by Product, 2022 – 2030 (USD Billion)
    • 7.17 The Middle-East and Africa Car Care Products Market, by Packaging Volume, 2022 – 2030
      • 7.17.1 The Middle-East and Africa Car Care Products Market, by Packaging Volume, 2022 – 2030 (USD Billion)
  • Chapter 8. Company Profiles
    • 8.1 3M
      • 8.1.1 Overview
      • 8.1.2 Financials
      • 8.1.3 Product Portfolio
      • 8.1.4 Business Strategy
      • 8.1.5 Recent Developments
    • 8.2 Illinois Tool Works
      • 8.2.1 Overview
      • 8.2.2 Financials
      • 8.2.3 Product Portfolio
      • 8.2.4 Business Strategy
      • 8.2.5 Recent Developments
    • 8.3 Tetrosyl
      • 8.3.1 Overview
      • 8.3.2 Financials
      • 8.3.3 Product Portfolio
      • 8.3.4 Business Strategy
      • 8.3.5 Recent Developments
    • 8.4 SonaxGmbh
      • 8.4.1 Overview
      • 8.4.2 Financials
      • 8.4.3 Product Portfolio
      • 8.4.4 Business Strategy
      • 8.4.5 Recent Developments
    • 8.5 Wurth Group
      • 8.5.1 Overview
      • 8.5.2 Financials
      • 8.5.3 Product Portfolio
      • 8.5.4 Business Strategy
      • 8.5.5 Recent Developments

List Of Figures

Figures No 1 to 18

List Of Tables

Tables No 1 to 52

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2028
  • Market revenue estimates and forecasts up to 2028, by technology
  • Market revenue estimates and forecasts up to 2028, by application
  • Market revenue estimates and forecasts up to 2028, by type
  • Market revenue estimates and forecasts up to 2028, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

List of the prominent players in the global car care products market:

  • 3M
  • Illinois Tool Works
  • Tetrosyl
  • SonaxGmbh
  • Wurth Group
  • Others

FAQs

“North America” region will lead the global car care products market during the forecast period 2022 to 2030.

A rise in demand for private automobiles, spurred on by rising consumer expenditure as well as a growing tendency toward suburbanization, is one of the most important factors driving the expansion of the market.

The key players operating in the car care products market are 3M, Illinois Tool Works, Tetrosyl, SonaxGmbh, Wurth Group, and Others.

The global car care products market is expanding growth with a CAGR of approximately 5.5% during the forecast period (2022 to 2030).

The global car care products market size was valued at US$ 4.2 billion in 2021 and it is projected to reach around US$ 6 billion by 2030.

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