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Global Car Care Product Market 1966

Global Car Care Product Market 1966

Car Care Product Market- Global Industry Size, Share, Trend Analysis, Outlook, Growth, Opportunity and Forecast, 2017-2027, Segmented By Product-Type (Cleaning and Caring, Polishing and Waxing, Sealing Glaze and Coating, Other Products), By End-User (Water-Based, Foam Based Solvents), By Application (Interior, Exterior), By Packaging (Less than 250 ml, 250 - 500 ml, 501 - 999 ml, 1 L - 5 L, Above 5 L), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA)

  • Published Date: November 2021
  • Report ID: BWC1966
  • Available Format: PDF
  • Page: 190

Report Overview

The global automated optical inspection (AOI) system market was worth USD 10.1 billion in 2020 and is further projected to reach USD 12.6 billion by the year 2027, growing at the CAGR of 3.43% in the forecast period (2021-2027).

Global Car Care Product Market- Industry Trends & Forecast Report 2027

The global automated optical inspection (AOI) system market was worth USD 10.1 billion in 2020 and is further projected to reach USD 12.6 billion by the year 2027, growing at the CAGR of 3.43% in the forecast period (2021-2027). The car care product market is anticipated to be one of the most lucrative markets in the automotive sector. The market is primarily driven by rising safety and security demands from adequate vehicle maintenance, increased customer awareness about vehicle upkeep, and periodic maintenance mandated by governments, all of which are fueled by rising vehicle production.

Car Care Product Market

Source: BlueWeave Consulting

Global Car Care Product Market- Overview

Car care and appearance-enhancing products are frequently utilized in luxury cars and sports vehicles. For example, Car polishes, or waxes are used to preserve the gloss of automobiles and to protect them. Similarly, protectants and cleansers are also utilized to keep the car looking good. The growing demand for such products is driving the growth of the global car care product market. Additionally, the aging of vehicles, as well as the diminishing trend of vehicle replacement is propelling the market growth. Over the forecast period, the market is likely to be driven by rapidly expanding automotive sales, an increase in disposable income, and advancements in vehicle washing procedures.

Global Car Care Product Market Forecast and Trends

Growth Drivers

Rising Number of Car Ownership and Varied Driving Behavior

Over the last few years, the number of people who own cars has increased dramatically. Almost every household above the poverty level in affluent countries such as the United States or the United Kingdom possesses at least one car. Due to this, the demand for car care products has proliferated significantly. Additionally, different family members drive different types of cars, and everyone has a different driving style. Because of the differences between rash and soft driving, automotive items and components are more likely to be damaged and require more regular maintenance. This is one of the significant factors driving the demand for car care products, thereby propelling its market growth.

Developing E-Commerce Platforms

The market suffered a lot due to lockdown when car owners were unable to get hold of car care products from retail stores. Due to this, the car care products manufacturers swiftly shifted towards e-commerce platforms which made the products easy to access. As a result, sales of auto care products have increased significantly. Furthermore, e-commerce platforms offer the convenience of accessing a vast range of products and brands with just one click, as well as door-to-door delivery. Thus, e-commerce platforms are likely to provide significant prospects for the global auto care product market.

Restraints

High Chances of Corrosion and Damage Through Frequent Use

The car care products are very effective in cleaning and maintenance of the car’s essential parts. However, these products are chemical-based and are very strong. As a result, repeated use of these items may deteriorate the material used for constructing the car's body or parts. Furthermore, the frequency of cleaning is not a one-size-fits-all case and differs for different brands, and materials used for manufacturing the body of a car. More often the car owners are unaware of this fact which leads to faster wear-off of their car.

Impact of COVID-19 on Global Car Care Product Market

The COVID-19 pandemic situation has had a negative impact on global automobile care products. The supply networks were completely interrupted as various countries implemented lockdowns to curb the spread of the deadly virus. Following the protocols of the nationwide lockdown, all the transportation activities were temporarily restricted, due to which demand for car care products declined abruptly. The car repair and maintenance shops were also shut down due to which the cleaning services were all on hold. Furthermore, due to the non-availability of car care products for personal use, the global car care product witnesses a significant slump during the COVID-19 period.

Global Car Care Product Market - By Product Type

Based on the product type, the global car care product market is segmented into cleaning and caring, polishing and waxing, sealing glaze and coating, and other products. The cleaning products segment dominates the global car care product market and is projected to lead the market over the forecast period as well. The segment is mainly driven by interior cleaning and hand wax services followed by exterior cleaning, shampoo floor mats, and upholstery cleaning. Furthermore, the availability of multipurpose products, odor neutralizing, ease of use, and environmentally friendly sustainable products.

Global Car Care Product Market - By Solvent Type

Based on solvent type, the global car care product market is divided into water-based and foam-based solvent. The water-based segment enjoys the largest market share as it is cost-effective and requires less raw materials to provide sufficient shine and protection if used correctly. Water-based solvents are in high demand among auto repair and maintenance firms that are attempting to reduce their costs. However, due to the water shortage in several countries, the foam-based solvent segment is estimated to gain traction in the forecast period.

Global Car Care Product Market - By Application

Based on application, the car care product market is categorized into interior and exterior. The exterior application segment held the largest market share in 2020 and is also anticipated to witness a favorable growth rate during the forecast period as well. The exterior car care products are used for various purposes like polishing, glass and door cleaning, full deep gloss, etc., due to which it has higher traction in the market.  However, the interior application segment is growing at a quick rate as the necessity to clean interior components grows as dust or grease-ridden engines can wreak havoc on the car's performance, putting the driver's safety in danger.

Global Car Care Product Market - By Packaging

Based on packaging, the global care product market is segmented into less than 250 ml, 251 - 500 ml, 501 - 999 ml, 1 L - 5 L, above 5 L. The 501-999ml packaging volume accounted for the largest market share in 2020 as it is in huge demand among individual car owners, small workshops, and repair shops. As the number of people who own cars grows around the world, so does the demand for maintenance services such as cleaning, washing, and detailing. The market is expected to develop in the coming years as a result of this factor.

Global Car Care Product Market - Regional Insights

Geographically, the global car care product market is segmented into North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa. North America held the largest market share in 2020 followed by Europe. With the rising disposable income and larger population residing above the poverty line, auto-ownership has increased significantly over the past few years in North America which has propelled the demand for car care products. On the other hand, Asia-Pacific is projected to be the fastest-growing market with a significant CAGR throughout the forecast period.

Regional Insights

Competitive Landscape

Manufacturers of car care products offer a wide range of car care products to fit aftermarket requirements. Companies such as 3M, Turtle Wax, Illinois Tool Works, Armored AutoGroup, SOFT99, SONAX, Tetrosyl, Northern Labs, Liqui Moly, Simoniz, Autoglym, Bonny, Bulls one, Yaobang, CHIEF, Rainbow, Mothers, and Auto Magic are the key players in manufacturing car care product globally.

This market is highly competitive with the presence of global as well as local players. The industry players are focused on offering high-quality and a wide range of products to expand their consumer base.

Recent Developments

  • In May 2021, Auto Magic Professional Car Care announced the release of the ‘Advantage System’. The ‘Advantage’ is a dilator system that offers seven ultra-concentrated detailing solutions which can lower the detailing cost per car.
  • In March 2021, Turtle Wax Car Care India announced the launch of Turtle Wax Hybrid Solutions Ceramic and Graphene Paste Wax to commemorate its 75th anniversary. This new paste wax, according to the firm, includes the brand's patent-pending graphene technology, which is one of the most popular and latest ingredient trends in auto care.

Scope of the Report

Attributes

Details

Years Considered

Historical data – 2017-2020

Base Year – 2020

Forecast – 2021 – 2027

Facts Covered

Revenue in USD Million

Market Coverage

North America, Europe, the Asia-Pacific, Latin America, and the Middle East and Africa

Product Service/Segmentation

By Product Type, By Solvent Type, By Application, By Packaging, By Region

Key Players

3M, Turtle Wax, Illinois Tool Works, SONAX, Auto Magic, SOFT99, Armored AutoGroup, Tetrosy, Northern Labs, Autoglym, Jopasu Systems Pvt Ltd, Guangzhou Biabong Car Care Industries Co. Ltd, Würth Group, Bullsone, Liqui Moly GmbH, Cartec B.V., MAFRA S.p.A., Chemical Guys, Amtra Sp. z o.o., other prominent players.

 

By Product Type

  • Cleaning and Caring
  • Polishing and Waxing
  • Sealing Glaze and Coating
  • Other Products

By Solvent Type

  • Water Based
  • Foam Based Solvents

By Application

  • Interior
  • Exterior

By Packaging

  • Less than 250 ml
  • 251 - 500 ml
  • 501 - 999 ml
  • 1 L - 5 L
  • Above 5 L

By Region

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Latin America (LATAM)
  • Middle-East & Africa (MEA)
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  1.  Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Research Methodology
    1. Qualitative Research
      1. Primary and Secondary Sources
    2. Quantitative Research
      1. Primary and Secondary Sources
    3. Breakdown of Primary Research Respondents
      1. Secondary Research
      2. Primary Research
    4. Breakdown of Primary Research Respondents, By Industry Participants
    5. Key Questionnaire asked during Primary Interviews
    6. Key Primary Responses
    7. Market Size Estimation
    8. Assumption for the Study
    9. Market Breakdown & Data Triangulation
  3. Executive Summary
  4. Global Car Care Product Market – Industry Insights
    1. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunity
      4. Challenges
    2. Recent Developments / Technical Landscape
    3. Regulatory Framework
    4. Porter’s Five Forces Analysis
    5. Value Chain Analysis
    6. Strategic Outlook
  5. Global Car Care Product Market Overview
    1. Market Estimates & Forecast by Value, 2017-2027
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product Type
        1. Cleaning and Caring
        2. Polishing and Waxing
        3. Sealing Glaze and Coating
        4. Other Products
      2. By Solvent Type
        1. Water Based
        2. Foam Based Solvents
      3. By Application
        1. Interior
        2. Exterior
      4. By Packaging
        1. Less than 250 ml
        2. 251 - 500 ml
        3. 501 - 999 ml
        4. 1 L - 5 L
        5. Above 5 L
      5. By Region
        1. North America
        2. Europe
        3. Asia-Pacific (APAC)
        4. Latin America (LATAM)
        5. Middle-East & Africa (MEA)
  6. North America Car Care Product Market Overview
    1. Market Size and Forecast
      1. By Value (USD Million), 2017-2027
    2. Market Share and Forecast
      1. By Product Type
      2. By Solvent Type
      3. By Application
      4. By Packaging
      5. By Country
        1. U.S.
        2. Canada
  7. Europe Car Care Product Market Overview
    1. Market Size and Forecast
      1. By Value (USD Million), 2017-2027
    2. Market Share and Forecast
      1. By Product Type
      2. By Solvent Type
      3. By Application
      4. By Packaging
      5. By Country
        1. Germany
        2. U.K.
        3. France
        4. Italy
        5. Spain
        6. Russia
        7. Netherlands
        8. Rest of Europe
  8. APAC Car Care Product Market Overview
    1. Market Size and Forecast
      1. By Value (USD Million), 2017-2027
    2. Market Share and Forecast
      1. By Product Type
      2. By Solvent Type
      3. By Application
      4. By Packaging
      5. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Rest of APAC
  9. LATAM Car Care Product Market Overview
    1. Market Size and Forecast
      1. By Value (USD Million), 2017-2027
    2. Market Share and Forecast
      1. By Product Type
      2. By Solvent Type
      3. By Application
      4. By Packaging
      5. By Country
        1. Mexico
        2. Brazil
        3. Rest of LATAM
  10. MEA Car Care Product Market Overview
    1. Market Size and Forecast
      1. By Value (USD Million), 2017-2027
    2. Market Share and Forecast
      1. By Product Type
      2. By Solvent Type
      3. By Application
      4. By Packaging
      5. By Country
        1. Saudi Arabia
        2. UAE
        3. South Africa
        4. Rest of Europe
  11. Competitive Landscape
      1. List of Key Producers and Their Offerings
      2. Market Share / Ranking Analysis (2020)
      3. Competitive Benchmarking, By Operating Parameters
  12. COVID-19 Impact
    1. Future Impact
    2. Key Developments during COVID-19
    3. Impact on Market
      1. Different Scenario
      2. Impact on Companies
    4. Regional Impact
  13. Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
    1. 3M
    2. Turtle Wax
    3. Illinois Tool Works
    4. SONAX
    5. Auto Magic
    6. SOFT99
    7. Armored AutoGroup
    8. Tetrosy
    9. Northern Labs
    10. Autoglym
    11. Jopasu Systems Pvt Ltd
    12. Guangzhou Biabong Car Care Industries Co.Ltd
    13. Würth Group
    14. Bullsone
    15. Liqui Moly GmbH
    16. Cartec B.V.
    17. MAFRA S.p.A.
    18. Chemical Guys
    19. Amtra Sp. z o.o.
    20. Other Prominent Players
  14. Key Strategic Recommendations

 

* Financial information of non-listed Companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth study during the final deliverable.

 

 

List of Figures

 

 

Fig: Global Car Care Product Segmentation

 

Fig: Global Car Care Product Market Value Chain Analysis,

 

Fig: Company Market Share Analysis, 2020

 

Fig: Global Car Care Product Market Size, By Value (USD Million), 2017-2027

 

Fig: Global Car Care Product Market Share (%), By Product Type, By Value, 2017-2027

 

Fig: Global Car Care Product Market Share (%), By Solvent Type, By Value, 2017-2027

 

Fig: Global Car Care Product Market Share (%), By Application, By Value, 2017-2027

 

Fig: Global Car Care Product Market Share (%), By Packaging, By Value, 2017-2027

 

Fig: Global Car Care Product Market Share (%), By Country, By Value, 2017-2027

 

Fig: North America Car Care Product Market Size, By Value (USD Million), 2017-2027

 

Fig: North America Car Care Product Market Share (%), By Product Type, By Value, 2017-2027

 

Fig: North America Car Care Product Market Share (%), By Solvent Type, By Value, 2017-2027

 

Fig: North America Car Care Product Market Share (%), By Application, By Value, 2017-2027

 

Fig: North America Car Care Product Market Share (%), By Packaging, By Value, 2017-2027

 

Fig: North America Car Care Product Market Share (%), By Country, By Value, 2017-2027

 

Fig: Europe Car Care Product Market Size, By Value (USD Million), 2017-2027

 

Fig: Europe Car Care Product Market Share (%), By Product Type, By Value, 2017-2027

 

Fig: Europe Car Care Product Market Share (%), By Solvent Type, By Value, 2017-2027

 

Fig: Europe Car Care Product Market Share (%), By Application, By Value, 2017-2027

 

Fig: Europe Car Care Product Market Share (%), by Packaging, By Value, 2017-2027

 

Fig: Europe Car Care Product Market Share (%), By Country, By Value, 2017-2027

 

Fig: Asia-Pacific Car Care Product Market Size, By Value (USD Million), 2017-2027

 

Fig: Asia-Pacific Car Care Product Market Share (%), By Product Type, By Value, 2017-2027

 

Fig: Asia-Pacific Car Care Product Market Share (%), By Solvent Type, By Value, 2017-2027

 

Fig: Asia-Pacific Car Care Product Market Share (%), By Application, By Value, 2017-2027

 

Fig: Asia-Pacific Car Care Product Market Share (%), By Packaging, By Value, 2017-2027

 

Fig: Asia-Pacific Car Care Product Market Share (%), By Country, By Value, 2017-2027

 

Fig: Latin America Car Care Product Market Size, By Value (USD Million), 2017-2027

 

Fig: Latin America Car Care Product Market Share (%), By Product Type, By Value, 2017-2027

 

Fig: Latin America Car Care Product Market Share (%), By Solvent Type, By Value, 2017-2027

 

Fig: Latin America Car Care Product Market Share (%), By Application, By Value, 2017-2027

 

Fig: Latin America Car Care Product Market Share (%), By Packaging, By Value, 2017-2027

 

Fig: Latin America Car Care Product Market Share (%), By Country, By Value, 2017-2027

 

Fig: Middle East & Africa Car Care Product Market Size, By Value (USD Million), 2017-2027

 

Fig: Middle East & Africa Car Care Product Market Share (%), By Product Type, By Value, 2017-2027

 

Fig: Middle East & Africa Car Care Product Market Share (%), By Solvent Type, By Value, 2017-2027

 

Fig: Middle East & Africa Car Care Product Market Share (%), By Application, By Value, 2017-2027

 

Fig: Middle East & Africa Car Care Product Market Share (%), By Packaging, By Value, 2017-2027

 

Fig: Middle East & Africa Car Care Product Market Share (%), By Region, By Value, 2017-2027

 

 

 

List of Tables

 

 

Table: Global Car Care Product Design Size, By Product Type, By Value, 2017-2027

 

Table: Global Car Care Product Design Size, By Solvent Type, By Value (USD Million), 2017-2027

 

Table: Global Car Care Product Design Size, By Application, By Value (USD Million), 2017-2027

 

Table: Global Car Care Product Design Size, By Packaging, By Value (USD Million), 2017-2027

 

Table: Global Car Care Product Design Size, By Region, By Value (USD Million), 2017-2027

 

Table: North America Car Care Product Market Size, By Product Type, By Value (USD Million), 2017-2027

 

Table: North America Car Care Product Market Size, By Solvent Type, By Value (USD Million), 2017-2027

 

Table: North America Car Care Product Market Size, By Application, By Value (USD Million), 2017-2027

 

Table: North America Car Care Product Market Size, By Packaging, By Value (USD Million), 2017-2027,

 

Table: Europe Car Care Product Market Size, By Product Type, By Value (USD Million), 2017-2027

 

Table: Europe Car Care Product Market Size, By Solvent Type, By Value (USD Million), 2017-2027

 

Table: Europe Car Care Product Market Size, By Application, By Value (USD Million), 2017-2027

 

Table: Europe Car Care Product Market Size, By Packaging, By Value (USD Million), 2017-2027

 

Table: the Asia-Pacific Car Care Product Market Size, By Product Type, By Value (USD Million), 2017-2027

 

Table: the Asia-Pacific Car Care Product Market Size, By Solvent Type, By Value (USD Million), 2017-2027

 

Table: the Asia-Pacific Car Care Product Market Size, By Application, By Value (USD Million), 2017-2027

 

Table: the Asia-Pacific Car Care Product Market Size, By Packaging, By Value (USD Million), 2017-2027

 

Table: Latin America Car Care Product Market Size, By Product Type, By Value (USD Million), 2017-2027

 

Table: Latin America Car Care Product Market Size, By Solvent Type, By Value (USD Million), 2017-2027

 

Table: Latin America Car Care Product Market Size, By Application, By Value (USD Million), 2017-2027

 

Table: Latin America Car Care Product Market Size, By Packaging, By Value (USD Million), 2017-2027

 

Table: The Middle-East & Africa Car Care Product Market Size, By Product Type, By Value (USD Million), 2017-2027

 

Table: The Middle-East & Africa Car Care Product Market Size, By Solvent Type, By Value (USD Million), 2017-2027

 

Table: The Middle-East & Africa Car Care Product Market Size, By Application, By Value (USD Million), 2017-2027

 

Table: The Middle-East & Africa Car Care Product Market Size, By Packaging, By Value (USD Million), 2017-2027

 

 

Table: 3M Financial Analysis

Table: 3M Business Overview

Table: Turtle Wax Financial Analysis

Table: Turtle Wax Business Overview

Table: Illinois Tool Works Financial Analysis

Table: Illinois Tool Works Business Overview

Table: SONAX Financial Analysis

Table: SONAX Business Overview

Table: Auto Magic Financial Analysis

Table: Auto Magic Business Overview

Table: SOFT99 Financial Analysis

Table: SOFT99 Business Overview

Table: Armored AutoGroup Financial Analysis

Table: Armored AutoGroup Business Overview

Table: Tetrosy Financial Analysis

Table: Tetrosy Business Overview

Table: Northern Labs Financial Analysis

Table: Northern Labs Business Overview

Table: Autoglym Financial Analysis

Table: Autoglym Business Overview

Table: Jopasu Systems Pvt Ltd Financial Analysis

Table: Jopasu Systems Pvt Ltd Financial Analysis

Table: Guangzhou Biabong Car Care Industries Co. Ltd Financial Analysis

Table: Guangzhou Biabong Car Care Industries Co. Ltd Business Overview

Table: Würth Group Financial Analysis

Table: Würth Group Business Overview

Table: Bullsone Financial Analysis

Table: Bullsone Business Overview

Table: Liqui Moly GmbH Financial Analysis

Table: Liqui Moly GmbH Business Overview

Table: Cartec B.V. Financial Analysis

Table: Cartec B.V. Business Overview

Table: MAFRA S.P.A. Financial Analysis

Table: MAFRA S.p.A. Business Overview

Table: Chemical Guys Financial Analysis

Table: Chemical Guys Business Overview

Table: Amtra Sp. z o.o. Financial Analysis

Table: Amtra Sp. z o.o. Business Overview

 

Market Segmentation

By Product Type

  • Cleaning and Caring
  • Polishing and Waxing
  • Sealing Glaze and Coating
  • Other Products

By Solvent Type

  • Water Based
  • Foam Based Solvents

By Application

  • Interior
  • Exterior

By Packaging

  • Less than 250 ml
  • 251 - 500 ml
  • 501 - 999 ml
  • 1 L - 5 L
  • Above 5 L

By Region

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Latin America (LATAM)
  • Middle-East & Africa (MEA)
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Frequently Asked Questions (FAQs):

Ans: The global car care product market reached USD 10.1 billion in 2020.
Ans: The major factors driving the growth of the global car care product market are; rising number of car ownership and varied driving behaviour and developing e-commerce platforms.
Ans: The key players in the global car care product market are: 3M, Turtle Wax, Illinois Tool Works, SONAX, Auto Magic, SOFT99, Armored AutoGroup Inc., Tetrosy, Northern Labs, Autoglym, Jopasu Systems Pvt Ltd, Guangzhou Biabong Car Care Industries Co.Ltd, Würth Group, Bullsone, Liqui Moly GmbH, Cartec B.V., MAFRA S.p.A., Chemical Guys, Amtra Sp. z o.o., other prominent players.
Ans: The exterior application segment accounted for the largest share in the global car care product market.
Ans: North America has the largest share in the global car care product market.