Press release
Car Covers Global Market 2024 : Major Drivers, Analysis, Size, Share, Growth And Forecast To 2033
Car Covers Global Market
The Business Research Company offers in-depth market insights through Car Covers Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The car covers market size has grown steadily in recent years. It will grow from $8.37 billion in 2023 to $8.72 billion in 2024 at a compound annual growth rate (CAGR) of 4.1%. The growth in the historic period can be attributed to emergence of automobiles, early weather protection needs, foundational material innovations, initial consumer demand..
The car covers market size is expected to see steady growth in the next few years. It will grow to $10.02 billion in 2028 at a compound annual growth rate (CAGR) of 3.5%. The growth in the forecast period can be attributed to urbanization and parking challenges, aftermarket expansion, rise in automotive ownership, smart and connected car integration, sustainability and eco-friendly focus.. Major trends in the forecast period include customization and tailored fit, material innovation, versatility in protection, enhanced durability and longevity, consumer awareness..
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Market Segmentation:
The car covers market covered in this report is segmented -
1) By Product Type: Conventional, Automatic, Semi-Automatic
2) By Distribution Channel: Store-Based, Non-Store-Based
3) By End Use: Individual, Vehicle Manufacturers
Major Driver - Increasing Passenger Car Demand Fuels Growth In The Car Covers Market
The growing demand for passenger cars is expected to propel the growth of the car covers market going forward. Passenger cars are motor vehicles primarily designed for personal or family use, typically smaller in size compared to commercial vehicles and intended for the transportation of passengers. Car covers are used in passenger cars for various purposes, including protection, maintenance, and convenience, and extend their lifespan by guarding them against the various hazards posed by the environment. For instance, in May 2023, according to reports published by the European Automobile Manufacturers Association, a Belgium-based motor vehicle manufacturing association, the European Union produced 10.9 million passenger cars in 2022, a rise of 8.3% from 2021. Therefore, the growing demand for passenger cars is driving the growth of the car cover market.
Competitive Landscape:
Major companies operating in the car covers market report are Confezioni Andrea Italia Srl, Easepal Enterprises Limited, WeatherTech, Intro-Tech Automotive, ShelterLogic, Zhejiang Mingfeng Car Accessories, Coverking Inc., DOWCO Inc., AutoAnything, ADCO Products LLC., Budge Industries LLC, Smittybilt Inc., OxGord Inc., EmpireCovers, Elegant Auto Accessories, Autoform, MacNeil Automotive Products Limited (US), A1 Car Covers, Blue Magic Inc., California Car Cover Co., CarCapsule, Classic Additions Ltd., Coverwell, FH Group, Formosa Covers, Gator Covers, Polco Pvt. Ltd., Rampage Products LLC., Xcar Ltd.
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Top Trend - Innovative Multi-Layer Vehicle Covers For Enhanced Vehicle Protection
Major companies operating in the car covers market are developing innovative products such as covercraft multi-layer vehicle covers to provide better protection from the elements, extend the lifespan of your vehicle, and make it more comfortable. Covercraft multi-layer vehicle covers are a line of custom-fit car covers made from premium, non-woven, multi-layer fabrics. The covers are designed to provide maximum protection for the vehicle from the elements. For instance, in August 2021, Covercraft Industries LLC, a US-based car cover manufacturing company, introduced Covercraft multi-layer vehicle covers, an innovative line of custom vehicle covers featuring premium, non-woven, multi-layer fabric. These covers are designed to protect customers' vehicles from the elements. It includes features such as custom-fit design, precise fit, warranty, and protection from dust, dirt, and debris, and prevents fading and cracking from the sun's ultraviolet rays.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Car Covers Market Characteristics
3. Car Covers Market Trends And Strategies
4. Car Covers Market - Macro Economic Scenario
5. Car Covers Market Size And Growth
…..
27. Car Covers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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