Press release
Global Car Care Products Market: Strong Historic and Forecast Period Growth Driven by Rising Sales of Used Cars and Technological Innovations
Car Care Products Market Share
What Is The Projected Market Size Of The Global Car Care Products Market And Its Growth Rate?
The global car care products market has witnessed strong growth recently and this trend is set to continue in the coming years.
• The market grew from $13.23 billion in 2024 to $14.09 billion in 2025, representing a compound annual growth rate (CAGR) of 6.4%.
• The historic period growth is primarily attributed to the surge in passenger vehicles, increase in disposable income, strong economic growth in emerging markets, and rapid urbanization.
• The car care products market is predicted to witness strong growth in the next few years, eventually rising to $18.74 billion in 2029 at a CAGR of 7.4%.
• The upcoming growth is primarily influenced by a burgeoning automotive industry, burgeoning car detailing businesses, increasing sales of used cars, and significant growth in e-commerce.
What Is Driving The Growth In The Car Care Products Market?
The projected increase in the sales of used cars is expected to fuel the growth of the car care products market during the forecast period. The rise in demand for used cars is due to the shifting preferences among the middle-class population favoring cost-efficient, pre-owned vehicles over pricier, new models. These second-hand vehicles often require constant upkeep and care to maintain their quality and to ensure longer usability. Notably, there was a 5.5% growth in the UK used car market in the third quarter of 2023 compared to 2022, with the overall market being 9.3% below pre-pandemic levels, as reported by the Society of Motor Manufacturers and Traders (SMMT). The rising sale of used cars thus drives the need for car care products.
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Who Are the Key Players Driving Car Care Products Market Growth?
Various major players contribute to the growth of the car care products market:
• 3M Company
• Wurth Group
• Illinois Tool Works Inc
• Tetrosyl Ltd
• Armor All
• Sonax GmbH
• Turtle Wax Inc
• Chemical Guys
• Simoniz USA
• Many more.
What Are The Key Trends In The Car Care Products Market?
Some of the key predicted trends in the car care products market include:
• Accelerated development of anti-microbial car care products
• Development of products with advanced technology
• Introduction of steam cleaning methods
• Innovation acceleration in car care products
• Partnerships formed to develop new products
What Are The Segments Of The Global Car Care Products Market?
The market is segmented by:
• Product Type: Car Cleaning Products, Car Polish, Car Wax, Wheel And Tire Care Products, Glass Cleaners, Others
• Application: Interior, Exterior
• Distribution Channel: Online, Offline
• Solvent Type: Water-Based, Foam-Based
Which Region Leads The Car Care Products Market?
North America took the lead position in the car care products market in 2024. Asia-Pacific, however, is expected to be the fastest-growing region in the forecast period. Meanwhile, the car care products market report assesses key regions such as Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Car Care Products Market Global Market Report?
- Market Size Analysis: Analyze the Car Care Products Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Car Care Products Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Car Care Products Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Car Care Products Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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