The Global Car Care Products Market is Predict to reach $9.4 Billion by 2028, at a CAGR of 3.9%

Published Date: 20-Jan-2023

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Car Care Products Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Car Care Products Market size is expected to reach $9.4 billion by 2028, rising at a market growth of 3.9% CAGR during the forecast period.

The Water-based market is leading the Global Car Care Products Market by Solvent 2021; thereby, achieving a market value of $7.2 billion by 2028. The growth is attributed due to its various advantages like highly effective at room temperature and also being non-combustible. Furthermore, the water-based cleaners are known to have powerful cleansing properties. The ability to clean both interior and exterior of the car coupled with the various additional benefits, will propel the market segment’s growth.

The Exterior market is estimated to grow at a CAGR of 5.1% during (2022 - 2028). This is because exterior car detailing includes renovating, vacuuming, and enhancing the original state of a vehicle’s external parts like the tires, windows, wheels, and other visible components. In addition, industrial cleaning products are utilized to attain exterior car detailing, for instance, polishers, degreasers, wax, and detergents.

The Cleaning & Washing market is generating maximum revenue in the Global Car Care Products Market by Product Type 2021; thereby, achieving a market value of $3.8 billion by 2028. The growth is due to their wide usage in removing contaminants and residues from the exterior of the vehicle’s surface. In addition, car wash detergent and shampoo are also entirely popularized in the industry as they help to safely remove grease, dirt, oil stains, and other contaminants from the vehicle body.

The Commercial Vehicles market would showcase a CAGR of 5.3% during (2022 - 2028). The usage of commercial vehicles to transport goods within the city and even cross borders owns to the growth. Private firms and various other organizations use commercial vehicles for goods transportation. And the transportation of goods will also increase the requirement for cleaning, waxing, and other car care products for better functionality, thus increasing the segment’s growth in the projected period.

The DIY/ Retail Stores market acquired highest revenue share in Global Car Care Products Market by Distribution Channel 2021; thereby, achieving a market value of $5.3 billion by 2028. This is due to the increasing demand for car care products from individual vehicle owners and the comprehensive range of products in commercial markets. There is a growing trend for DIY applications for marinating cars among individual owners. Also, the further leaning towards the DIY is due to the high cost of professional services stations.

The North America market dominated the Global Car Care Products Market by Region 2021; thereby, achieving a market value of $3.2 billion by 2028. The Europe market is poised to grow at a CAGR of 3.5% during (2022 - 2028). Additionally, The Asia Pacific market would exhibit a CAGR of 4.4% during (2022 - 2028).

Full Report: https://www.kbvresearch.com/car-care-products-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 3M Company, Illinois Tool Works, Inc., SONAX GmbH, SOFT99 CORPORATION, Simoniz USA, Inc., Jopasu India Pvt. Ltd., Tetrosyl Limited, Turtle Wax, Inc., Bullsone Co., Ltd.

Global Car Care Products Market Segmentation

By Solvent

  • Water-based
  • Foam-based

By Application

  • Interior
  • Exterior

By Product Type

  • Cleaning & Washing
  • Polishing & Waxing
  • Sealing Glaze & Coating
  • Others

By Vehicle Type

  • Passenger Cars
  • Commercial Vehicles

By Distribution Channel

  • DIY/ Retail Stores
  • DIFM/ Service Centers

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Companies Profiled

  • 3M Company
  • Illinois Tool Works, Inc.
  • SONAX GmbH
  • SOFT99 CORPORATION
  • Simoniz USA, Inc.
  • Jopasu India Pvt. Ltd.
  • Tetrosyl Limited
  • Turtle Wax, Inc.
  • Bullsone Co., Ltd.

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  • The highest number of market tables and figures
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  • Assured post sales research support with 10% customization free

Related Reports:

North America Car Care Products Market Future Scope & Opportunities 2022-2028

Europe Car Care Products Market Size & Growth Forecast 2022-2028

Asia Pacific Car Care Products Market Size, Share & Industry Outlook to 2028

LAMEA Car Care Products Market Growth, Trends & Forecasts 2022-2028

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