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 maintain its high gloss and shine.
The major factor that drives the growth of the car cleaning products market is the higher demand for private vehicles across the globe and the rise in disposable income of consumers. In addition, the rise in demand for luxury cars and sports utility vehicles coupled with outdoor activities such as mud racing is anticipated to further contribute toward the increase in market demand for car cleaning products is also increasing. Waxes and polishes are used for the maintenance of the shine of the vehicle and for 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 prices 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 the internet and car cleaning product 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 the 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 increases 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 the income level of the consumer. This rise in demand results in higher growth in the car cleaning product market.
Furthermore, the sales of vintage cars 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 customer demand in a single touch. On a 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 a positive impact on the cleaning products market.
Moreover, awareness among consumers due to COVID for the bacterial infection caused by the spread of various harmful microbes has increased demand for car cleaning products across the globe. This results in the 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 the 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
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the car cleaning products market analysis from 2021 to 2031 to identify the prevailing car cleaning products market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the car cleaning products market segmentation assists in determining the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global car cleaning products market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product Type
- Cleaning and Washing
- Polishing and Waxing
- Sealing Glaze and Coating
By Application
- Interior
- Exterior
By Consumption
- Individual
- Car store and studios
By Vehicle Type
- Commercial Vehicles
- Private Vehicles
By Solvent
- Water Based
- Foam Based
By Distribution Channel
- Hypermarket and Supermarket
- Specialty stores
- Online sales channel
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Italy
- Germany
- France
- Spain
- The Netherlands
- Switzerland
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Thailand
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- 3M
- ILLINOIS TOOL WORKS INC.
- WURTH GROUP
- ALTRO GROUP PLC
- SONAX GMBH
- SOFT99 CORPORATION
- SIMONIZ USA
- TETROSYL
- LIQUI MOLY
- TURTLE WAX
- ARMORED AUTO GROUP
- AUTO MAGIC
- GUANGZHOU BIAOBANG
- NORTHERN LABS
- FORMULA1 WAX
What is the estimated value of the Global Car Cleaning Products Market?
What is the growth rate of the Global Car Cleaning Products Market?
What is the forecasted size of the Global Car Cleaning Products Market?
Who are the key companies in the Global Car Cleaning Products Market?
Report Attribute | Details |
---|---|
No. of Pages | 360 |
Published | August 2022 |
Forecast Period | 2021 - 2031 |
Estimated Market Value ( USD | $ 3988.3 million |
Forecasted Market Value ( USD | $ 6783 million |
Compound Annual Growth Rate | 5.5% |
Regions Covered | Global |
No. of Companies Mentioned | 15 |
Table of Contents
Executive Summary
According to the report, titled, “Car Cleaning Products Market," the Car Cleaning Products Market Size was valued at $3.99 billion in 2021, and is estimated to reach $6.78 billion by 2031, growing at a CAGR of 5.7% from 2022 to 2031.Car cleaning products are available in three types cleaning and washing, polishing and waxing, sealing glaze and coating. These are available in different sizes and packaging and these car cleaning products can be water based or a foam-based substance works as pre wash. These car cleaning products are sold across the globe in a wide range through a variety of distribution channels available. Thus, the demand for various car cleaning products may vary for different geographic locations and requirements of customers. Increasing consumer awareness regarding the spread of infection through bacteria that are present on the interior and exterior of vehicle has increased the overall sales of car cleaning products. Also, various parts of vehicle are made from the material like, plastic, leather, steel, aluminum, and others that catches bacteria and helps in spread of disease. This growth of microorganisms degrades the material and makes the car life span shorter and also can infect the consumer easily. The outbreak of COVID-19 has made consumer more aware regarding importance of maintaining hygienic conditions of the personal and of vehicles thus boosting the Car Cleaning Products Market Growth. Also the car companies are increasing the service center reach throughout the globe thus contributing towards the market growth. Also, the demands for the car cleaning products are on its boom in the Asia-Pacific region as the demands for the car in this region is high coupled with consumer awareness regarding maintaining the hygiene of their vehicle is expected to boost the market growth. Leading market players are introducing new products and technologies into the market to increase their sales such as 3M company has introduced the product named as 3M Anti-Germ Forming Car interior cleaner, which is used to clean dirt, sand, dust and kill the germs and the microbes present on the surface.
The global Car Cleaning Products Market Analysis is segmented into type, application, consumption, vehicle type, solvent, distribution channel and regions. On the basis of type, the market is classified into cleaning and washing, polishing and waxing, sealing glaze and coating. Amongst these, the car cleaning and washing segment occupied the major Car Cleaning Products Market Share in 2021, and is projected to maintain its dominance during the forecast period. The growth of the processed car washing and cleaning segment is attributed to rise in customer awareness about car washes and the proliferation of car cleaning centers.
Depending on application, it is bifurcated into interior and exterior. Among these, the interior occupied the major share of the market in 2021, and is projected to maintain its dominance during the Car Cleaning Products Market Forecast period. This was owing to rise in preference among customers for interior car cleaning products, which are used to clean dashboard, carpet, upholstery, and others. These products are used to prevent rust and eliminate odor.
By consumption, it is categorized into individual, and car store and studios. The individual segment is expected to grow at the highest rate during the forecast period, owing to increase in trend for self-washing of cars as it saves lot of cost to individuals. car cleaning products
By vehicle type is divided into commercial vehicles, private vehicle. Among these, the private vehicle occupied the major share of the Car Cleaning Products Industry in 2021, and is projected to maintain its dominance during the forecast period. This is attributed to low cost and rapid increase in number of private vehicles as compared to commercial vehicles.
Depending on the solvent it is bifurcated into water based and foam based. The water-based solvent holds the major share in the market owing to its various advantages. For instance, water-based cleansers are highly effective at room temperature and are non-combustible. Furthermore, water-based cleaners have powerful cleaning properties, so they are more preferred over foam-based car cleaners.
As per distribution channel, it is segregated into supermarkets & hypermarkets, specialty stores, online sales channel, and others. The online sales channel segment is anticipated to grow at the highest CAGR of 6.45% during the forecast period, due to rise in internet penetration and usage of smartphones & tablets.
In 2021, North America accounted for 40.0% in the global car cleaning market, and is expected to maintain its dominance during the forecast period. However, Asia-Pacific is expected to possess the highest CAGR of 6.89%, owing to rise in demand for cars among people and increase in popularity of car cleaning products in these regions.
Awareness among consumers regarding health benefits associated with car cleaning services has increased the market growth. In addition, sales of new vehicles across developed and developing countries such as India, Indonesia and China is further expected to boost the Car Cleaning Products Market Opportunity.
The impact of COVID-19 pandemic was moderate because the demand of product was high owing to awareness of hygiene but the product supply was limited. However, the supply chain disruption due to trade and lockdown restrictions had a negative impact on the market. On the contrary, rise in penetration of car cleaning products through online sales channel as manufacturers switched their strategy and focused on online sales channel had a positive impact on the Car Cleaning Products Market Trends.
The major players analyzed for global Car Cleaning Products Industry are Illinois Tool Works Inc., Wurth Group, Altro Group Plc, Sonax GMBH, Soft99 Corporation, Simoniz USA, Tetrosyl, Liqui Moly, Turtle Wax, Armored Auto Group, Auto Magic, Guangzhou Biaobang, Northern Labs, Formula1 Wax. These major players have undertaking various marketing strategies such as product launch and acquisition to expand their market reach. For instance, ITW Global Brands will collaborate with internal and external teams to develop new appearance chemicals and wiper blades for the automotive consumer in the retail market.
Key Findings of the Study
- Based on product type, the cleaning and washing segment was the highest contributor to the global car cleaning products market demand in 2021 and is projected to grow at a CAGR of 5.37%.
- Based on application, the exterior segment is expected to grow at the highest CAGR of 6.21% from 2022 to 2031.
- Based on consumption, the individual segment is expected to grow at the highest CAGR of 6.41% from 2022 to 2031.
- Based on region, Asia-Pacific car cleaning products market size is projected to grow at a CAGR of 6.89% from 2022 to 2031.
- Based on vehicle type, the commercial purpose segment is expected to grow at a CAGR of 6.09% from 2022 to 2031.
Companies Mentioned
- 3M
- Illinois Tool Works Inc.
- Wurth Group
- Altro Group plc
- Sonax GmbH
- Soft99 Corporation
- Simoniz Usa
- Tetrosyl
- Liqui Moly
- Turtle Wax
- Armored Auto Group
- Auto Magic
- Guangzhou Biaobang
- Northern Labs
- Formula1 Wax
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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