April 23rd, 2022
Car Care Products Market
Car Care Products Market is projected to touch at USD 14,458 Million by 2028, expanding at a CAGR of 4.7% over the forecast period, owing to the accelerating sales of automotive and ongoing innovations in the car washing techniques. Car care products are the solutions for interior and exterior body of car to protect the surface from UV rays, dirt, and rainfall with a layer of wax.
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Car care products are superior chemicals used for longevity, shining, and gloss to prevent damages such as scratches. Expansion in the sales of automotive, ongoing innovations in car washing techniques, and accelerating per capita income are projected to steer the car care products market growth. A surge in the automotive production to fulfil the growing demand has raised the demand for product across the nation. Growing demand for second hand cars or private vehicles owing to the rising disbursement and the evolving trend of suburbanization are proliferating the Car Care Products Market Share.
By product, the polish wax segment is projected to expand at a faster CAGR over the forecast period, as it prevents various interior and exterior parts of an automobile. As per the Car Care Products Market report, wax is majorly applied to fill small scratches and offer a shiny look to vehicles, thereby reducing the need for regular maintenance of the vehicles.
By Application, the interior segment is likely to hold a larger share over the forecast period. The segment comprises of leather care product, interior trim, glass cleaner, interior car polish and dashboard cleaner. Also, as per the Car Care Products Market Forecast, with the outburst of the coronavirus, the concern towards interior hygiene among car owners has raised the segment’s growth.
In 2021, Champion Oil, introduced two latest car care products: Interior Detailer Spray and Fabric Cleaning Foam with an intent to protect plastic surfaces of car interior.
In 2021, ArmorAll introduced a variety of care products in Malaysi, including Speed Shine Wash and Wax, Glass, leather cleaner and conditioners as Flow Wipes and Care Gel.
Car Care Products Market Segmentation:
Car Care Products Market by Equipment Type
Cranes & Lifting Equipment
Continuous Handling Equipment
Racking & Storage Equipment
Car Care Products Market by Operation
Car Care Products Market by Industry
Food & Beverages
Semiconductor & Electronics
Car Care Products Market by Region:
Rest of APAC
North AmericaUnited States of America
Rest of Europe
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
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