Car Care Products Market Size By Product (Wax & Cleaning, Glaze & Coating), By Body Part (Interior, Exterior), By Application (DIY, DIFM), By Distribution Channel (Online, Offline), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027

Published Date: Feb 2021  |  Report ID: GMI4957  |  Authors: Kiran Pulidindi, Akshay Prakash

Report Format: PDF   |   Pages: 150   |   Base Year: 2020




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Car Care Products Market size surpassed USD 11.6 billion in 2020 and will grow at a CAGR of 2.6% between 2021 and 2027. Rising inclination toward routine car maintenance will bolster the industry growth.
 

Car care products include a variety of chemicals and associated accessories used to clean interior and exterior components to enhance vehicle aesthetics. These products consist of car shampoo, car foam, car wax, car polish, glaze, microfiber cloth, brush, ice scrapper, etc. They significantly improve the appearance of cars and offer superior experience to passengers & drivers.
 

Car Care Products Market

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Increasing importance and rising awareness regarding regular car maintenance of vehicles will drive the car care products market demand. Improvement in car appearance, reduction in major breakdowns, and superior vehicle performance are some of the key reasons behind the rising importance of vehicle maintenance in recent times. Regular maintenance helps in maintaining vehicles’ efficiency for a long period of time. Additionally, it can significantly mitigate the risk of costly repairs in the future.
 

Rising population, increasing disposable income, and changing customer demographics will positively influence the car sales in the upcoming years. New vehicle owners display more proactiveness toward regular cleaning and maintenance of vehicle. The necessity to avoid costly repairs in future will influence the car maintenance activities paradigm. These maintenance activities will significantly aid in improving higher resale value for a car.
 

The coronavirus pandemic has hugely affected many industry verticals due to temporary lockdown measures. This has created a tremendous strain on the automotive sector while sending shockwaves through the supply-demand dynamics. The automotive service sector also felt the negative implications of lockdown as most of the transportation activities were halted. Moreover, the lockdown led to the temporary shutdown of car wash & auto detailing facilities. This has generated significant loss for the automotive service sector during the past few months, however, the market will gain momentum in 2021 as the COVID-19 situation normalizes.
 

Car Care Products Market Report Coverage
Report Coverage Details
Base Year:2020
Market Size in 2020:11,560.1 Million (USD)
Forecast Period:2021 to 2027
Forecast Period 2021 to 2027 CAGR:2.6%
2027 Value Projection:13,736.1 Million (USD)
Historical Data for:2017 to 2020
No. of Pages:150
Tables, Charts & Figures:166
Segments covered:Product, Body Part, Application and Distribution Channel
Growth Drivers:
  • Increasing consumer awareness towards car maintenance
  • Positive outlook of automotive sector
  • Rising popularity of online sales of car care products
Pitfalls & Challenges:
  • Temporary shutdown of automotive service facilities due to COVID-19

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Wax and cleaning car care products to dominate majority of the market share

Wax and cleaning car care products market is set to cross USD 10.5 billion by 2027. The products include car shampoo, car wax, car polish, car soap, etc. Car shampoo, cleaners and compounds are widely used to remove dirt, bird droppings, road tar, tree sap, and other contaminants. Car polish helps to remove the imperfections in the clear coat that cause the paint to look dull.
 

Car waxes offer a layer of protection against the environment, but they also provide the deep and vivid shine that makes a car stand out. These waxes are available in cream, paste, and liquid forms and are made of synthetic or natural ingredients. Interior car care products are used to clean dashboard, carpet, upholstery, etc. These products are used to prevent rust and eliminate odor.
 

Exterior cleaning products will witness strong upward growth trajectory

Exterior car cleaning products segment is likely to witness above 2.5% CAGR through 2027 as these are used for thorough cleaning of exterior body parts, polishing, full deep gloss, tire & wheel care, glass cleaning, etc. Exterior washing generally involves the use of car shampoo, clay bar, etc., to remove the dirt and loosen stubborn impurities. Exterior plastic parts including side mirrors, door sills, etc., and rubber parts require proper maintenance to protect from soiling.
 

Exterior cleaning includes preventing body trim care components from becoming worn, damaged, and dirty, which downgrade car’s appearance and may interfere with proper vehicle operation. Wheels and tires being the dirtiest parts of a car are susceptible to mud, dirt, ice, brake dust, etc. These wheels and tires are cleaned with a wash detergent solution, and sometimes a special cleaner is used for removing heavy deposits on wheels. Polishing and waxing car care products are used to restore a car’s appearance and prevent brake dust from adhering to the wheel’s surface.
 

Low expertise requirement to escalate DIY market revenue

In 2020, Do-It-Yourself (DIY) segment is poised to account for more than 70% of the car care products market share. Car care products require less guidance from auto professionals and customers are capable of using these products on their own. Unlike car wash and auto detailing service providers, these products are used on majority basis by car owners during regular cleaning of cars.
 

Online selling of car care products is growing by leaps and bounds

Car Care Products Market Growth

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Online selling segment in car care products market is projected to expand at 3% CAGR through 2027. The segment has gained immense popularity as these channels offer convenience to consumers as a variety of products are available at a single platform and consumers are being able to shop at any time. These selling models significantly save time and money of consumers. Customers can easily compare prices and specifications of different products.
 

Positive outlook of the automotive sector will propel Asia Pacific market

Car Care Products Market Size

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Asia Pacific car care products market revenue is predicted to generate around USD 3.5 billion by 2027 owing to large number of vehicle owners. The rapidly growing population, rising spending propensity of people, and changing customer demographics will contribute to the growth of the regional automotive sector. However, supportive government policies by various governments will accelerate automotive sector growth.
 

High degree of competition is evident in the industry landscape

The key players in car care products market include 3M, SONAX GmbH, Tetrosyl Ltd., Turtle Wax Inc., Liqui Moly GmbH, MA-FRA S.p.A., CARTEC B.V., Amtra Sp. z o.o., and Autoglym. These manufacturers are adopting product differentiation & development, expansion of sales & distribution network, and strategic partnerships & collaborations to gain advantage over competitors.
 

This market research report on car care products includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2017 to 2027, for the following segments:
 

Market, By Product

  • Wax and cleaning
  • Glaze and coating
  • Others

Market, By Body Part

  • Interior
  • Exterior

Market, By Application

  • DIY
  • DIFM

Market, By Distribution Channel

  • Online
  • Offline

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
  • LATAM
    • Brazil
    • Mexico
  • MEA
    • South Africa
    • Saudi Arabia
    • United Arab Emirates
       

Frequently Asked Questions (FAQ) :

The car care products industry size was valued at USD 11.6 billion in 2020 and is pegged to rise at a CAGR of 2.6% through 2027 owing to the increasing preference toward routine car maintenance.
The wax and cleaning car care products market size is projected to reach more than USD 10.5 billion by 2027 due to growing need to remove dirt, bird droppings, road tar, tree sap, and other contaminants.
The car care products industry share from online distribution channels could observe a 3% CAGR up to 2027 owing to increasing popularity to render shopping convenience to consumers.
The DIY applications accounted for 70% of the car care products industry share in 2020 and will witness expansion with low expertise requirements.
The Asia Pacific car care products market size is expected to amass more than USD 3.5 billion in revenue by 2027 driven by the presence of large volume of vehicle owners across the region.

Premium Report Details

  • Published Date: Feb 2021
  • Pages: 150
  • Tables: 143
  • Charts / Figures: 23
  • Companies covered: 14
  • Countries covered: 18

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