Automobile Care Products Market Research Report - Global Forecast till 2028

Automobile Care Products Market Research Report: Information by Type (Cleaning & Caring, Polishing & Waxing, Sealing Glaze & Coating, Others) Application (Service Centres and Garages, Auto beauty Shops, Individual Sources, Others) and Region - Forecast till 2028

ID: MRFR/AM/7185-CR | December 2020 | Region: Global | 188 Pages         

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Automobile Care Products Market

Automobile Care Products Market is projected to be worth USD 19.43 billion by 2028, registering a CAGR of 5.21% during the forecast period (2021 - 2028).

Segmentation
By Type Cleaning & Caring Polishing & Waxing Sealing Glaze & Coating Others
By Application Service Centers and Garages Autobeauty Shops Individual Sources Others
Key Players
Companies Profiled   Adolf Würth GmbH & Co. KG (Germany)    Jopasu Systems Pvt. Ltd. (India)    Mothers Inc. (US)    BULLSONE Co. Ltd (South Korea)    Valvoline Inc. (US)    Total S.A (France)    SOFT99 corporation. (Japan)    Tetrosyl Ltd. (England)    Simoniz USA (US)    3M (US)    Turtle Wax (US)    The Armor All (US)    SONAX GmbH (Germany)    LIQUI MOLY GmbH (Germany)    Autoglym (UK)    Guangzhou Botny Chemical Co Ltd (China)    Illinois Tool Works Inc. (US)    Guangzhou Biaobang Car Care Industry Co Ltd (China).
Drivers
Market Driving Forces   The country has a heavy pollution problem and often experiences dust storms    which has boosted the growth    Growing number of service stations    increasing aftermarket activities    rising automotive sales
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Automobile Care Products Market is projected to be worth USD 19.43 billion by 2028, registering a CAGR of 5.21% during the forecast period (2021 - 2028).


Automobile Care Products Market Overview:


Used cars are pre-owned cars. They had one or more retail owners in the past. The used car market is served by unorganized players, including individuals, not organizations, and various organized players such as Alibaba Group, eBay, Sun Toyota, Cars24 Services Pvt. Ltd., and OLX Autos by OLX Group. COVID-19 has negatively affected the purchasing power of a large section of customers wanting to buy a new car, increasing the demand for used cars worldwide.


A clean car interior of all dirt, sand, dust, and smudges is excellent, but what about cleaning up all bacteria and harmful microbes. It renders help to the driver and passengers of a vehicle who mostly spend 3-4 hours inside a car to save themselves from various diseases and health issues related to bacterial infection. Car owners and customers have realized the importance of a germ-free surface, and many car care product manufacturers.


Used cars are prone to pollutants that can deteriorate their automotive finishes and interiors. A car is exposed to environmental issues like sun rays, tree resin, road asphalt, sand, gravel, de-icing agents, bird guano, and various aerial pollutants. The global automobile care products market is expected to witness rapid growth during the forecast period. Asia-Pacific is expected to witness substantial growth in the automotive care products market due to the growing number of service stations, increasing aftermarket activities, and rising automotive sales. Furthermore, the strong economic growth and the growth of the automotive industry in this region increases the demand for automotive care products.


The key trends that are expected to trigger the growth of the automotive care products market in the region include the continually shifting market dynamics, technological improvements, and changing preferences of vehicle owners. Furthermore, China is one of the most attractive markets for global automotive OEMs to invest through joint ventures with local vehicle brands. Additionally, infrastructure development, lower production costs, and favorable government schemes are encouraging global players to invest heavily in this country. Additionally, the country has a heavy pollution problem and often experiences dust storms, which has boosted the growth of the car washing industry in China and is expected to drive the growth of automobile care products.


Automobile Care Products Market Key Competitors


The Key Players of the Global Automobile Care Products Market are Adolf Würth GmbH & Co. KG (Germany), Jopasu Systems Pvt. Ltd. (India), Mothers Inc. (US), BULLSONE Co. Ltd (South Korea), Valvoline Inc. (US), Total S.A (France), SOFT99 corporation. (Japan), Tetrosyl Ltd. (England), Simoniz  USA (US), 3M (US), Turtle Wax (US), The Armor All (US), SONAX GmbH (Germany), LIQUI MOLY GmbH (Germany), Autoglym (UK), Guangzhou Botny Chemical Co., Ltd (China), Illinois Tool Works Inc. (US), and Guangzhou Biaobang Car Care Industry Co., Ltd (China).


Recent Developments


The interior segment refers to car care products used to maintain the interior parts of a vehicle. It extends to interior trim, plastic and rubber part cleaner, glass cleaners, leather care products, and others like dashboard cleaners, interior car polish, and floor cleaners. Due to COVID-19, awareness regarding interior hygiene among car owners has increased, which will drive the growth of interior car care products. Further, recent developments of anti-microbial car care products will fuel the usage of interior car care products to maintain the aesthetics of the interior of a car and keep them germ and virus free.


The cleaning and caring car care products are widely used in passenger cars because they can protect an automobile's various interior and exterior parts. The rising focus on better aesthetics of an automobile by car owners has increased the demand for cleaning and caring automobile care products.


Automobile Care Products Market Segmentation


The Global Automobile Care Products Market is segmented based on Type and Application. On the basis of type, the cleaning and caring segment are expected to dominate the global market. The cleaning & caring products help remove dirt, mud, hard-dust, bird droppings, oil and grease from exterior automotive painted surfaces without damaging the surface.Automobile care includes the exterior and interior cleaning with the help of cleaning and care products, care aerosol, and washing accessories.


By application, the service centers & garages segment is expected to dominate the market. The service centers & garages are well equipped for providing washing, aesthetic enhancements, lubrication, and tire and battery services. The service centers and garages are equipped with different types of fixtures, tools, and jigs as well as multiple vehicle aesthetic enhancement products used in cleaning & caring, polishing & waxing, and sealing.


Automobile Care Products Market Regional Analysis


By region, the global automobile care products market is segmented into North America, Europe, Asia-Pacific (APAC), South America and the Middle East & Africa.


Global Automobile Care Products Market, by Region, 2018

Automobile Care Products Market

Source: MRFR Analysis

Europe is anticipated to fastest-growing automobile care products market during the forecast period. The region is one of the most crucial markets for luxury and premium vehicles as it hosts several key automotive companies. The increased availability of water-based solvents, consumer awareness regarding vehicle maintenance, increase in new car sales, advancements in car wash technology, and increased investments in the development of automotive care products is expected to boost the share of Europe in the market during the forecast period.


Germany is considered to be the automotive hub of the world. Major automobile OEMs including Volkswagen, Daimler, and BMW, are based in this country. According to Germany Trade and Invest (GTAI), 1/3rd of the global automotive research and development expenditure is generated from Germany. This has increased investments in enhancing vehicle aesthetics in the domestic market, fueling the demand for automotive care products in the country.


Automobile Care Products Market Synopsis


The Global Automobile Care Products Market has been segmented on the basis of Type, Application, and Region. On the basis of type, the cleaning and caring segment are expected to dominate the global market. The cleaning & caring products help remove dirt, mud, hard-dust, bird droppings, oil and grease from exterior automotive painted surfaces without damaging the surface.


Automobile Care Products Market Segmentation



  • By Type – Cleaning & Caring, Polishing & Waxing, Sealing Glaze & Coating, and Others

  • By Application – Service Centers and Garages, Autobeauty Shops, Individual Sources, and Others


Key Questions Addressed by the Report



  • What was the historic market size (2020)?

  • Which segmentation (Type/ Application) is driving market?

  • What will be the growth rate by 2028?

  • How are the key players in this market?

  • What are the strategies adopted by key players?



Report Scope:

Report Attribute/Metric Details
  Market Size   2028: USD 19.43 billion
  CAGR   5.21% CAGR (2021-2028)
  Base Year   2020
  Forecast Period   2021-2028
  Historical Data   2019
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Application, Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Adolf Würth GmbH & Co. KG (Germany), Jopasu Systems Pvt. Ltd. (India), Mothers Inc. (US), BULLSONE Co. Ltd (South Korea), Valvoline Inc. (US), Total S.A (France), SOFT99 corporation. (Japan), Tetrosyl Ltd. (England), Simoniz USA (US), 3M (US), Turtle Wax (US), The Armor All (US), SONAX GmbH (Germany), LIQUI MOLY GmbH (Germany), Autoglym (UK), Guangzhou Botny Chemical Co., Ltd (China), Illinois Tool Works Inc. (US), and Guangzhou Biaobang Car Care Industry Co., Ltd (China)
  Key Market Opportunities   Growing number of service stations, increasing aftermarket activities, and rising automotive sales
  Key Market Drivers    The country has a heavy pollution problem and often experiences dust storms, which has boosted the growth


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Frequently Asked Questions (FAQ) :

The global Automobile Care Products sales market is expected to grow at a compound annual growth rate of 5.21% from 2021 to 2028 to reach USD 19.43 billion by 2028.

Adolf Würth GmbH & Co. KG, Jopasu Systems Pvt. Ltd., and Valvoline Inc, are key companies are leading in the market sale.

The key trends to trigger the growth of the automotive care products market in the region are the continually shifting market dynamics, technological improvements, and changing preferences of vehicle owners.

Asia-Pacific is expected to witness substantial growth in the automotive care products market with growing number of service stations, swelling aftermarket activities, and expanding automotive sales.

North America, Europe, Asia-Pacific (APAC), South America and the Middle East & Africa are the main regions grossing with high market share.