Car Care Products Market Size, Top Manufacturers Share, Industry Demand, Growth Statistics, Analysis Report 2022-2027

According to the latest report by IMARC Group,"Car Care Products Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global car care products market reached a value of US$ 10.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 12.9 Billion by 2027, exhibiting a CAGR of 3.6% during 2022-to 2027. Car care products include multiple product variants that are generally used for the maintenance and cleaning of vehicles. It comprises lubricants, compounds, polishes, cleaning supplies, acrylic foam, wire harness tape, roof stiffener, finishing glazes, and buffing pads. Since these products aid in protecting automobiles from sun rays and airborne contaminants as well as restoring the shine of vehicles, there has been a considerable rise in the adoption of various car care products. Also, the easy availability of diversified product variants via online and offline organized retail channels is providing an impetus to the market growth.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally-our estimates about the latest market trends and forecast values after considering the impact of this pandemic.

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Global Car Care Products Market Trends:

The global market is primarily driven by increasing automotive sales. This is supported by the growing need for easy commutation, along with the inflating disposable income level of the masses. Along with this, the escalating number of automobile variants is creating a positive market outlook across the globe. Furthermore, the introduction of eco-friendly car care products due to an enhanced focus on sustainable development among the masses is contributing to the market. Additionally, several players are heavily investing in the deployment of home-based professional car washing services across multiple countries, due to which car care products are gaining widespread prominence among individuals. Other factors, including the rising number of car service centers and the development of aggressive marketing strategies and celebrity endorsements, are also positively influencing the market.

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Global Car Care Products Market 2022-2027 Analysis and Segmentation:

Competitive Landscape With Key Players:

• 3M Company
• Adolf Würth GmbH & Co. KG
• Autoglym (The Altro Group plc),
• BULLSONE Co.Ltd
• Illinois Tool Works Inc.
• Jopasu India Pvt. Ltd.,
• Simoniz USA Inc.
• SOFT99 Corporation
• Sonax GmbH
• Tetrosyl Ltd.
• Turtle Wax

Breakup by Product Type:

• Car Cleaning Products
• Car Polish
• Car Wax
• Wheel and Tire Care Products
• Glass Cleaners
• Others

Breakup by Application:

• Interior
• Exterior

Breakup by Distribution Channel:

• DIY/Retail Stores
• DIFM/Service Centers

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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