PUBLISHER: Allied Market Research | PRODUCT CODE: 1140344
PUBLISHER: Allied Market Research | PRODUCT CODE: 1140344
The global car cleaning products market size was valued at $3,988.3 million in 2021, and is projected to reach $6,783.0 million by 2031, registering a CAGR of 5.7% from 2022 to 2031. The car cleaning products are meant to provide extra protection, as the cars are generally exposed to sun rays, sand, gravels, birds dropping and pollutants. These pollutants damage the protective coatings and degrade the quality. Car cleaning products are made up of high-quality chemicals that help the vehicle to maintain its high gloss and shine.
The major factor that drives the growth of the car cleaning products market is higher demand for private vehicle across the globe and rise in disposable income of consumer. In addition, the rise in demand for luxury cars and sports utility vehicle coupled with outdoor activities such as mud racing is anticipated to further contribute toward increase in market demand of car cleaning products is also increasing. Waxes and polishes are used for the maintenance of the shine of the vehicle and for the additional protection.Online retail platform is the major driver for the car cleaning products market. Currently, many retailers are collaborating or operating their own web-based retail stores where customers can learn more about the organization and its products. The availability of diverse product options and price comparison on online shopping sites has resulted in an increase in the number of online shoppers. This is beneficial to retailers because it eliminates the need for physical outlets or stores. One of the major reasons behind consumers preferring online shopping is that consumers can read reviews provided by other users, and compare various stores, products as well as the price by different sellers. According to the World Bank, as of 2020, approximately 88.4% of the population in North America are internet users, followed by Europe and Central Asia, accounting for around 83.9% of the population as internet users. In addition, access to internet and car cleaning products supplies have provided consumers a platform where they can easily compare assorted products and prices, and shop with comfort. Some of the popular online retailers in the car cleaning products market are Amazon.com, and Flipkart.com among others.
The U.S. car cleaning products market holds the major market share in North America owing to presence of big automotive players such as Ford, General Motors and Tesla in the country. Also, these automatic companies are establishing their service centers at small distances, which ultimately increase awareness among the customers for the maintenance of the vehicle. Several other regions like Asia-Pacific which includes China, India, and Thailand are witnessing higher demand for vehicles due to growth in population and rise in income level of the consumer. This rise in demand results in higher growth in the car cleaning product market.
Furthermore, the sales of vintage car and used cars are witnessing higher growth in the last few years. Also, the used car market is having good presence on online sites as well, which are playing a vital role in accessing the customer demand in a single touch. On the global scale Asia-Pacific region is having the largest share of sales of used cars. These used and vintage cars require more maintenance for their smooth running, which creates positive impact on cleaning products market.
Moreover, awareness among consumer due to COVID for the bacterial infection caused by spread of various harmful microbes has increased demand for car cleaning products across the globe. This results in growth of the market. However, regulations pertaining to car cleaning products & high cost of specialized car cleaning products are anticipated to hamper the market growth in the foreseeable future.
The global car cleaning products market is segmented into product type, application, consumption, vehicle type, solvent, distribution channel, and region. On the basis of product type, the market is categorized into cleaning and washing, polishing and waxing, sealing glaze and coating. By application, it is segregated into interior, exterior. On the basis of consumption, the market is categorized into individual, and car store and studios. On basis of vehicle type the market is categorized into - commercial vehicles, and private vehicles. Based on solvent, the market is categorized into- water based, and foam based. Depending on distribution channel, it is segregated into supermarket/hypermarket, specialty stores. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, The Netherlands, Switzerland and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Thailand and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, & Africa).
Key Benefits For Stakeholders
Key Market Segments
By Product Type
By Application
By Consumption
By Vehicle Type
By Solvent
By Dirstribution Channel
By Region