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The global market for automobile care products is on the rise, mainly due to the growth of the automotive industry and the increasing popularity of automotive aftermarket services. These products play a crucial role in keeping our cars in good condition. However, a couple of challenges could slow down this growth – the high prices of these services and the fact that many people aren't fully aware of them.
As of 2021, the Automobile Care Products Market Size reached a whopping USD 12.6 Billion. The industry is expected to keep growing, projected to reach USD 21.3 Billion by the year 2030. This growth is driven by the ongoing development of the automotive industry and the expanding range of services available after you've bought a car.
Now, let's break it down a bit. The global market for these automobile care products is divided based on the type of products and how they are used. When it comes to types, the cleaning and caring segment took the lead in 2018, making up 48.45% of the market, which equals around USD 5,933.6 million. This segment is expected to keep growing at a rate of 3.59% every year from 2019 to 2025.
Looking at how these products are used, service centers and garages were the big players in 2018, making up 42.17% of the market, which is around USD 5,165.2 million. This segment is anticipated to grow the fastest, with a compound annual growth rate (CAGR) of 3.46% from 2019 to 2025.
Now, let's talk about the challenges. Despite the promising growth, there are hurdles to overcome. The cost of these services can be quite high, and this might make people hesitate to use them. Additionally, not everyone is fully aware of the range of services available for taking care of their cars. This lack of awareness could slow down the market's growth.
The future of the automobile care products market looks bright, though. With the automotive industry constantly evolving and more services becoming available, there's a lot of potential for growth. The cleaning and caring segment, with its various products to keep our vehicles spick and span, is expected to play a significant role. Also, as more people become aware of the services offered by service centers and garages, the market is likely to expand even further.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Market Size Value In 2022 | USD 14.2 Billion |
| Growth Rate | Â 4.9% (2022-2030) |
Automobile Care Products Market Highlights:
Automobile Care Products Market Overview:
The Automobile Care Products Market Size was valued at USD 12.6 Billion in 2021. The Automobile Care Products market industry is projected to grow from USD 14.2 Billion in 2022 to USD 21.3 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 4.9% during the forecast period (2022 - 2030). 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 helps 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 have. Â
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Automobile Care Products Market Trends
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The country has a heavy pollution problem and often experiences dust storms, which has boosted the growth.
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 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 increase the demand for automotive care products.
Additionally, 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 automotive OEMs to invest in through joint ventures with local vehicle brands. Additionally, infrastructure development, lower production costs, and favorable government schemes are encouraging 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 Segment Insights
Automobile Care Products Type Insights
The Automobile Care Products market segmentation, based on type, includes Cleaning & Caring, Polishing & Waxing, Sealing Glaze & Coating, and Others. the cleaning and caring segment are expected to dominate the automobile care products 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 exterior and interior cleaning with the help of cleaning and care products, care aerosol, and washing accessories.
Automobile Care Products Application Insights
Based on Application, the automobile care products market segmentation includes Service Centers and Garages, Auto beauty Shops, Individual Sources, and Others. the service centers & garages segment is expected to dominate the automobile care products 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.
Figure 2: Automobile Care Products Market, by Distribution Channels, 2021 & 2030 (USD Billion)
 
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Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Automobile Care Products Regional Insights
By region, the study provides automobile care products market insights into North America, Europe, Asia-Pacific, and the Rest of the World. Europe is anticipated to fastest-growing car 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 are expected to boost the share of Europe in the automobile care products market during the forecast period.
Figure 3: Automobile Care Products Market Share By Region 2021 (%)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
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 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 Key Market Players & Competitive Insights
Major market players are spending a lot of money on R&D to increase their product lines, which will help the Automobile Care Products market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the car care products industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
The major market players are investing a lot of money in R&D to expand their product lines, which will spur further market growth for car care products. With significant market development like new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic activities to expand their presence. To grow and thrive in a market climate that is becoming more competitive and growing, competitors in the car care products industry must offer affordable products.
Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the Automobile Care Products industry to benefit customers and expand the market sector. The Automobile Care Products market has recently given medicine some of the most important advantages. Major hair care product market players, Adolf Würth GmbH & Co. KG (Germany), Jopasu Systems Pvt. Ltd. (India), Mothers Inc. (US), BULLSONE Co. Ltd (South Korea), and others, are attempting to increase market demand by funding R&D initiatives.
Adolf Wuerth GmbH & Co. KG provides trading of assembly and fastening materials. The Company offers screws, screw accessories, dowels, hoses, couplings, nuts, fasteners, fittings, hand tools, storage, and retrieval systems. Adolf Wuerth serves customers worldwide.
Also, Bullsone Co., Ltd. manufactures and distributes auto care products. The Company produces engine care, surface care, glass care, and other auto care products. Bullsone markets its products throughout South Korea.
Key Companies in the Automobile Care Products market include
- 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),
Automobile Care Products Industry Developments
In February 2022, 3M acquired the technology assets of LeanTec. The acquisition reflects 3M's commitment to its "connected Bodyshop," one of its active digital platforms which integrates data collecting and analysis with product platforms to capitalize on evolving requirements and trends.
In March 2020, Turtle Wax expanded into India to take advantage of the burgeoning auto maintenance market. Turtle Wax currently sells various automobile maintenance goods, including exterior and interior cleaning solutions, but it has no plans to open its store. Instead, the corporation will concentrate on expanding its national footprint.
Automobile Care Products Market Segmentation
Automobile Care Products Type Outlook
- Cleaning & Caring
- Polishing & Waxing
- Sealing Glaze & Coating
- Others
Automobile Care Products Application Outlook
- Service Centers and Garages
- Auto beauty Shops
- Individual Sources
- Others
Automobile Care Products Regional Outlook
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North America- US
- Canada
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Europe- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
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Asia-Pacific- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
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Rest of the World- Middle East
- Africa
- Latin America
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