Car Care Products Market: North America Region is Expected to Grow Significantly By 2027
The North America car care products market is projected to hold over 20% 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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In the wake of rising novel product launches and geographical expansion initiatives in the global car care products market, Turtle Wax, a Chicago-headquartered car care brand was in news for its entry into the Indian market in June 2020.
The company unveiled an entire line up of vehicle appearance enhancement/care products for both two-wheelers and four-wheelers. These products comprise tyres, wheels, paintwork, plastics, upholstery, and others. The global car care products market share is projected to surpass USD 13 billion by 2027.
This upsurge is ascribed to the expansion of the online segment which is set to account for over 25 per cent of the overall market revenue through the forecasted span. Numerous car care product manufacturers have moved to online platforms for the effective distribution and sales of their offerings. These manufacturers have also entered into partnerships with prominent online behemoths, comprising Flipkart, Amazon, etc., for the expansion of their distribution network.
The car care products market share is further driven by the increasing inclination towards vehicle maintenance. While numerous contaminants are a risk to a car’s paint work, these areas are exposed to corrosion and discoloration in some cases. The regular exterior cleaning of the car keeps it corrosion and blemish free, preventing the buildup of these contaminants.
On the basis of products, the car care products industry 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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Some Point from Table of Contents:
Chapter 5 Car Care Products Market, By Body Part
5.1 Global car care products market body part insights
5.2 Interior
5.2.1 Market estimates and forecast, 2017 – 2027
5.2.2 Market estimates and forecast, by region, 2017 – 2027
5.3 Exterior
5.3.1 Market estimates and forecast, 2017 – 2027
5.3.2 Market estimates and forecast, by region, 2017 – 2027
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
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