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Global Car Care Product Market: By Type: Cleaning and Caring, Polishing and Waxing, Sealing Glaze and Coating; By Solvent Type: Water Based, Foam Based; By Application; By Consumption; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Car Care Product Market Outlook
The global car care product market is estimated to expand from USD 12.18 billion in 2020 to USD 18.07 billion by 2026 at a CAGR of 6.8% over the forecast period of 2022-2027. Car care products include vehicle buffers, vehicle polishers, dusters, washing brushes, car wash towels, towels, squeegees, scrapers, and other car maintenance accessories.
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Market Segmentation
The car care products are used for the maintenance of a car. The global car care product industry can be divided on the basis of its application, type, solvent type, and consumption. The industry can be broadly categorised on the basis of its application into:
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- Interior
- Exterior
The industry can be segmented on the basis of its type into:
- Cleaning and Caring
- Polishing and Waxing
- Sealing Glaze and Coating
- Others
The industry can be divided on the basis of its solvent type as water based and foam based. On the basis of its consumption, the industry can be divided into auto beauty shops, service centres and garages, and individual sources, among others.
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The EMR report further looks into the regional markets for car care product like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
Market Analysis
Increased availability of water-based solvents, increasing customer awareness regarding vehicle maintenance, increased sales of new cars, rising disposable income, advancement in technology, etc. are some of the key factors for the market growth. The Asia Pacific leads the car care product market. China and Australia, among other countries, hold the largest market share within the Asia Pacific region. In developing economies such as India, the increase in per capita income will aid the market further. Due to the rise in premium car sales, the demand for car care products have increased, thus, aiding the market growth further.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global market for car care product, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- 3M Company (NYSE: MMM)
- Turtle Wax, Inc.
- Soft99 Corporation
- Tetrosyl Limited
- Liqui Moly GmbH
- Simoniz USA, Inc.
- SONAX GmbH
- Autoglym (Altro Limited)
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s five forces.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Solvent Type, Application, Consumption, Region |
| Breakup by Type | Cleaning and Caring, Polishing and Waxing, Sealing Glaze and Coating, Others |
| Breakup by Solvent Type | Water Based, Foam Based |
| Breakup by Application | Interior, Exterior |
| Breakup by Consumption | Auto Beauty Shops, Service Centres and Garages, Individual Sources, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | 3M Company, Turtle Wax, SONAX GmbH, Soft99 Corporation, Tetrosyl Limited, Liqui Moly GmbH, Simoniz USA, Inc., Autoglym (Altro Limited), Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Car Care Product Market Analysis
8.1 Key Industry Highlights
8.2 Global Car Care Product Historical Market (2017-2021)
8.3 Global Car Care Product Market Forecast (2022-2027)
8.4 Global Car Care Product Market by Type
8.4.1 Cleaning and Caring
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Polishing and Waxing
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 Sealing Glaze and Coating
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.4.4 Others
8.5 Global Car Care Product Market by Solvent Type
8.5.1 Water Based
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Foam Based
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.6 Global Car Care Product Market by Application
8.6.1 Interior
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 Exterior
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.7 Global Car Care Product Market by Consumption
8.7.1 Auto Beauty Shops
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2017-2021)
8.7.1.3 Forecast Trend (2022-2027)
8.7.2 Service Centres and Garages
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2017-2021)
8.7.2.3 Forecast Trend (2022-2027)
8.7.3 Individual Sources
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2017-2021)
8.7.3.3 Forecast Trend (2022-2027)
8.7.4 Others
8.8 Global Car Care Product Market by Region
8.8.1 Market Share
8.8.1.1 North America
8.8.1.2 Europe
8.8.1.3 Asia Pacific
8.8.1.4 Latin America
8.8.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Soft99 Corporation
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Tetrosyl Limited
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Liqui Moly GmbH
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Simoniz USA, Inc.
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 SONAX GmbH
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 3M Company
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Turtle Wax, Inc.
12.2.7.1 Company Overview
12.2.7.2 Product Portfolio
12.2.7.3 Demographic Reach and Achievements
12.2.7.4 Certifications
12.2.8 Autoglym (Altro Limited)
12.2.8.1 Company Overview
12.2.8.2 Product Portfolio
12.2.8.3 Demographic Reach and Achievements
12.2.8.4 Certifications
12.2.9 Others
13 Industry Events and Developments
List of Key Figures and Tables
1. Global Car Care Product Market: Key Industry Highlights, 2016 and 2026
2. Global Car Care Product Historical Market: Breakup by Type (USD Million), 2017-2021
3. Global Car Care Product Market Forecast: Breakup by Type (USD Million), 2022-2027
4. Global Car Care Product Historical Market: Breakup by Solvent Type (USD Million), 2017-2021
5. Global Car Care Product Market Forecast: Breakup by Solvent Type (USD Million), 2022-2027
6. Global Car Care Product Historical Market: Breakup by Application (USD Million), 2017-2021
7. Global Car Care Product Market Forecast: Breakup by Application (USD Million), 2022-2027
8. Global Car Care Product Historical Market: Breakup by Consumption (USD Million), 2017-2021
9. Global Car Care Product Market Forecast: Breakup by Consumption (USD Million), 2022-2027
10. Global Car Care Product Historical Market: Breakup by Region (USD Million), 2017-2021
11. Global Car Care Product Market Forecast: Breakup by Region (USD Million), 2022-2027
12. North America Car Care Product Historical Market: Breakup by Country (USD Million), 2017-2021
13. North America Car Care Product Market Forecast: Breakup by Country (USD Million), 2022-2027
14. Europe Car Care Product Historical Market: Breakup by Country (USD Million), 2017-2021
15. Europe Car Care Product Market Forecast: Breakup by Country (USD Million), 2022-2027
16. Asia Pacific Car Care Product Historical Market: Breakup by Country (USD Million), 2017-2021
17. Asia Pacific Car Care Product Market Forecast: Breakup by Country (USD Million), 2022-2027
18. Latin America Car Care Product Historical Market: Breakup by Country (USD Million), 2017-2021
19. Latin America Car Care Product Market Forecast: Breakup by Country (USD Million), 2022-2027
20. Middle East and Africa Car Care Product Historical Market: Breakup by Country (USD Million), 2017-2021
21. Middle East and Africa Car Care Product Market Forecast: Breakup by Country (USD Million), 2022-2027
22. Global Car Care Product Market Structure
Key Questions Answered in the Report
In 2020, the global car care product market attained a value of nearly USD 12.18 billion.
The market is projected to grow at a CAGR of 6.8% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach USD 18.07 billion by 2026.
The major industry drivers are rising population, increased urbanisation, rising technological advancements, and the increased sales of car due to increase in disposable incomes.
The key trends in the market are increased availability of water-based solvents and the increasing customer awareness regarding vehicle maintenance.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The types of the product include cleaning and caring, polishing and waxing, sealing glaze and coating, among others.
The application segment is led by interior car care products.
The solvent types include water based and foam based.
The consumption sectors include auto beauty shops, service centres and garages, and individual sources, among others.
The major players in the industry 3M Company, Turtle Wax, SONAX GmbH, Soft99 Corporation, Tetrosyl Limited, Liqui Moly GmbH, Simoniz USA, Inc., Autoglym (Altro Limited), Others.
Analyst Review
The global car care product market attained a value of USD 12.18 billion in 2020, driven by the increased availability of water-based solvents, increasing customer awareness regarding vehicle maintenance. Aided by the are increased sales of new cars, rising disposable income, advancement in technology, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 6.8%. The market is projected to reach USD 18.07 billion by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The types of the product can be categorised into cleaning and caring, polishing and waxing, sealing glaze and coating, among others. The solvent types include water based and foam based. Based on its applications, the car care product industry can be segmented into interior and exterior, with interior accounting for the largest market share. The consumption sectors include auto beauty shops, service centres and garages, and individual sources, among others. Major regional markets for car care product are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include 3M Company, Turtle Wax, SONAX GmbH, Soft99 Corporation, Tetrosyl Limited, Liqui Moly GmbH, Simoniz USA, Inc., Autoglym (Altro Limited), Others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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