Car Care Products Market by Product Type (Cleaning and Caring, Polishing and Waxing, Sealing Glaze and Coating), Solvent Type, Application, Consumption, Distribution Channel, and Region - Global Forecast to 2027
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世界のカーケア製品の市場は予測期間中4.0%のCAGR (年間複合成長率) で推移し、2019年の118億米ドルから、2027年には161億米ドルの規模に成長すると予測されています。洗浄技術の進化、主要国市場における可処分所得の拡大などの要因が同市場の成長を推進しています。また、製造業者および認定サービスセンター間の提携により、効果的なエンドツーエンドソリューションの提供が実現する見通しです。
"Rising disposable income has resulted in an increase in the spending capability towards maintaining the car using car care products. These products have several benefits towards the aesthetic appearance and the maintenance of car interior and exterior."
The global car care products market is projected to grow from USD 11.8 billion in 2019 to USD 16.1 billion in 2027 at a CAGR of 4.0 % during the forecast period. The growth of the car care products market is into a rising phase due to the technological advancements in car washing techniques. The increasing disposable income in major country markets enable consumers to afford these technologies and products. Partnerships between car care product manufacturers and company-authorized service centers will provide the users efficient end-to-end solutions. Consumers have become aware of the advantages of car care products in protecting the car against the sun, snow, and other harmful factors.
The segment is mainly driven by the demand for exterior cleaning and interior cleaning, including upholstery cleaning, floor mats cleaning, etc. Innovative product ranges with new types of chemical compositions and solvents are being introduced by companies to cater to the demands of the consumers. The growth of this segment is mainly driven by the multipurpose, user-friendly products that it offers at competitive price ranges.
There has been a bigger push for water-based solvents because of the low cost of raw materials required for manufacturing these products. These products are biodegradable and environmentally friendly. In Europe, there has been laws and regulations regarding preserving water and less use of hazardous chemicals in the manufacturing of car care products. Water-based solvents address these issues efficiently.
Advancements in the technology and ever-increasing demand for efficient car cleaning products has resulted in the growth of auto beauty shops. The growth has been observed in automated car wash machines like gantry, conveyer tunnel car wash, etc., which will wash the cars within few minutes.
The market in the Asia Pacific region has been witnessing significant growth in the new car sales volume. There has been an increase in the disposable income due to which consumers are willing to spend money to give an updated aesthetic look to their cars. Beijing has a heavy pollution problem and often experience dust storms. This problem has boosted the growth of the car washing industry in Beijing. The governments of China, Australia, and India have enforced stricter rules and regulations to address the problem of water scarcity.
Australia leads the deployment of car wash machines as the demand for the quicker and express car exterior car wash is increasing. Japan and Korea, being technologically advanced countries, have also integrated automation for car washing, which can preserve water on a larger scale. In India people are more likely to keep their cars for a longer duration. Thus, they maintain the same car using car care products instead of buying a new one. There has been a rise in the sales of premium cars in the Indian market, which will further drive the usage of car care products.
The car care products market is dominated by a few global players. The key players in the market are 3M (USA), Illinois Tool works (USA), Autoglym (UK), Sonax (Germany), Wurth Group (Germany), Soft99 Corporation (Japan), Tetrosyl (UK), Simoniz USA (USA), Turtle Wax (USA), Liqui Moly (Germany), Northern Labs (USA), Armored Group (USA), Automagic (USA), Bullsone (South Korea), Jopasu Systems India Pvt Ltd (India) and Guangzhou Biabong Car Care Industries Co. Ltd (China).
The study includes an in-depth competitive analysis of the key players in the global car care products market, with their company profiles, SWOT analysis of the top 5 companies, recent developments, and key market strategies.
The global car care products market has been segmented based on product type (cleaning and caring, polishing and waxing, sealing glaze and coating, other products), solvent type (water based and foam based solvents), consumption (Auto beauty shops, service centers and garages, individual sources), distribution channel (DIY/retail stores, DIFM/Service centers) and region [Asia Pacific (China, Japan, South Korea, India, Australia, New Zealand), Europe (UK, Germany, France, Spain, UK and Italy), and North America (US, Canada, and Mexico), and Rest of the world (Brazil, Russia).
This report provides insights with reference to the following points:
The report provides "competitive leadership mapping" that profiles key players as visionary leaders, innovators, dynamic differentiators, and emerging companies.
The report also provides "Revenue Impact" section that helps the car care products manufacturers to understand the key impacting factors for the car care products market.
(Business Overview, Products Offered, Recent Developments, SWOT Analysis)