On the basis of products, the car care products market is fragmented into glaze & coating, wax & cleaning, and others. The other care products segment is poised to surpass USD 2.4 billion valuations over the assessment span. These products comprise anti-rust spray, odor eliminator spray, microfiber cloth, etc. The microfiber car care products are available in various forms comprising towels, wash mitts, pads, and applicators, and are used for cleaning paint, glass, leather, and wheels owing to their versatile nature.
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Various contaminants are responsible for putting the paint work of a car at risk. It is likely that, in some instances, these areas become prone to both corrosion and discoloration. Regular exterior cleaning keeps the car free of blemish & corrosion and helps in preventing the buildup of these contaminants. Proper stain removing, vacuuming, and cleaning measures help in keeping instrument panels, upholstery items, and carpeting in appropriate condition.
This is encouraging individuals to focus towards the maintenance of vehicles, further stimulating car care products market share through the forthcoming years.
The online segment in the car care products market will hold over 25 percent of the total industry share by 2027. This is attributed to the establishment of online platforms for the effective distribution and sales of car care products by major market participants.
The global car care products market is driven by an increase in the introduction of eco-friendly and no rinse products by prominent industry participants. These car care product brands are also manufacturing multi-purpose products that possess fast acting characteristics, long-lasting benefits, as well as protection & repellant properties.
To cite an instance, Meguiar’s was in news in February 2021 for the expansion of its suite of car detailing products with a virtual debut at the 2020 SEMA trade show. The new products comprise a wash liquid with the firm’s Hybrid Ceramic SiO2 additive, which will enhance water beading and boost surface tension.The global car care products industry size is estimated to surpass USD 13 billion by 2027.
The North America car care products market is projected to hold over 20 per cent of the total market valuation through 2027. This is due to the favorable trends in the car wash sector as several car owners have started opting for wash centers, considering the convenience and less service time. The implementation of various technologies like online platforms and car wash apps by numerous wash centers will foster business expansion over the analysis period.
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Some Point from Table of Contents:
Chapter 6 Car Care Products Market, By Application
6.1 Global car care products industry application insights
6.2 DIY
6.2.1 Market estimates and forecast, 2017 – 2027
6.2.2 Market estimates and forecast, by region, 2017 – 2027
6.3 DIFM
6.3.1 Market estimates and forecast, 2017 – 2027
6.3.2 Market estimates and forecast, by region, 2017 – 2027
Chapter 7 Car Care Products Market, By Distribution Channel
7.1 Global car care products industry distribution channel insights
7.2 Online
7.2.1 Market estimates and forecast, 2017 – 2027
7.2.2 Market estimates and forecast, by region, 2017 – 2027
7.3 Offline
7.3.1 Market estimates and forecast, 2017 – 2027
7.3.2 Market estimates and forecast, by region, 2017 – 2027
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