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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Car Care Product Market Outlook
The global car care product market is estimated to expand from USD 15.10 billion in 2023 to USD 27.89 billion by 2032 at a CAGR of 7.1% over the forecast period of 2024-2032. Car care products include vehicle buffers, vehicle polishers, dusters, washing brushes, car wash towels, towels, squeegees, scrapers, and other car maintenance accessories.
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Car Care Product Market Segmentation
The car care products are used for the maintenance of a car. The global car care product industry can be divided on the basis of its application, type, solvent type, and consumption.
The industry can be broadly categorised on the basis of its application into:
- Interior
- Exterior
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The industry can be segmented on the basis of its type into:
- Cleaning and Caring
- Polishing and Waxing
- Sealing Glaze and Coating
- Others
The industry can be divided on the basis of its solvent type as water based and foam based. On the basis of its consumption, the industry can be divided into auto beauty shops, service centres and garages, and individual sources, among others.
The EMR report further looks into the regional markets for car care product like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
Car Care Product Market Analysis
Increased availability of water-based solvents, increasing customer awareness regarding vehicle maintenance, increased sales of new cars, rising disposable income, advancement in technology, etc. are some of the key factors for the market growth. The Asia Pacific leads the car care product market. China and Australia, among other countries, hold the largest market share within the Asia Pacific region. In developing economies such as India, the increase in per capita income will aid the market further. Due to the rise in premium car sales, the demand for car care products have increased, thus, aiding the market growth further.
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Competitive Landscape
The report presents a detailed analysis of the following key players in the global market for car care product, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- 3M Company (NYSE: MMM)
- Turtle Wax, Inc.
- Soft99 Corporation
- Tetrosyl Limited
- Liqui Moly GmbH
- Simoniz USA, Inc.
- SONAX GmbH
- Autoglym (Altro Limited)
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s five forces.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Solvent Type |
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| Breakup by Application |
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| Breakup by Consumption |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global car care product market attained a value of nearly USD 15.10 billion.
The market is projected to grow at a CAGR of 7.1% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 27.89 billion by 2032.
The major market drivers are rising population, increased urbanisation, rising technological advancements, and the increased sales of car due to increase in disposable incomes.
The key trends in the market are increased availability of water-based solvents and the increasing customer awareness regarding vehicle maintenance.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The different types of the product are cleaning and caring, polishing and waxing, sealing glaze and coating, among others.
The major applications of car care products are interior and exterior.
The several solvent types of car care products are water based and foam based.
The various consumption segments of car care products are auto beauty shops, service centres and garages, and individual sources, among others.
The major market players include Soft99 Corporation, Tetrosyl Limited, Liqui Moly GmbH, Simoniz USA, Inc., SONAX GmbH, 3M Company, Turtle Wax, Inc., and Autoglym (Altro Limited), among others.
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