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Global Car Wax Market 2019-2023 - Product Image

Global Car Wax Market 2019-2023

  • ID: 4756180
  • Report
  • February 2019
  • Region: Global
  • 123 pages
  • TechNavio
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FEATURED COMPANIES

  • 3M
  • Henkel AG & Co. KGaA
  • Malco Products Inc
  • Mothers
  • SONAX GmbH
  • Turtle Wax
  • MORE
The global demand for automotive accessories is driving the global car wax market. The increase in the number of vehicles is spurring the demand for car waxing to enhance the resale value of vehicles, thereby driving the growth of the market in focus. Additionally, passenger cars and utility vehicles such as SUVs, multi-purpose vehicles, crossovers, and pickup trucks are becoming very popular in the automotive market. As these vehicles are used for longer periods of time by the user, they require waxing to protect the paint from external pollutants and to maintain the sheen on the vehicle. As a result, the demand for car waxing among existing vehicle owners is increasing globally and is expected to spur the growth of the global car wax market during the forecast period. The analysts have predicted that the car wax market will register a CAGR of about 5% by 2023.

Market Overview

Growing disposable incomes in key economies

The developed countries like the US are also witnessing economic growth after the global recession, which will have a positive impact on the growth of the market in focus as consumer spending on discretionary products is expected to rise. Thus, the car wax market is expected to benefit from the growing demand for automotive accessories due to the advantages it offers, such as protecting the paint and giving a showroom-like shine to the vehicle.

Growing use of ceramic coatings as a paint protection substitute

Paint protection has become a crucial part of the automotive accessories market. Car waxing is the most preferred paint protection technology used in the automotive industry. However, lately, advances in the form of ceramic paint coatings are emerging in the automotive industry, which will pose a challenge for the global car wax market.

For the detailed list of factors that will drive and challenge the growth of the car wax market during the 2019-2023, view this report.

Competitive Landscape

The market appears to be highly concentrated and with the presence of limited vendors. One of the major factors is the rising lifespan of the vehicles, which is consequently leading to a higher number of vehicles in prominent automotive countries. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • 3M
  • Henkel AG & Co. KGaA
  • Malco Products Inc
  • Mothers
  • SONAX GmbH
  • Turtle Wax
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT
  • Preface
  • Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
PART 04: MARKET SIZING
  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition
PART 06: MARKET SEGMENTATION BY TYPE
  • Market segmentation by type
  • Comparison by type
  • Synthetic wax - Market size and forecast 2018-2023
  • Natural wax - Market size and forecast 2018-2023
  • Market opportunity by type
PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE
  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • Middle East and Africa - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity
PART 09: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 10: TRENDS

PART 11: VENDOR LANDSCAPE
  • Overview
  • Landscape disruption
  • Competitive scenario
PART 12: VENDOR ANALYSIS
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • 3M
  • Henkel AG & Co. KGaA
  • Malco Products, Inc
  • Mothers
  • SONAX GmbH
  • Turtle Wax
PART 13: APPENDIX
  • Research methodology
  • List of abbreviations
List of Exhibits
Exhibit 01: Global automotive accessories market
Exhibit 02: Segments of global automotive accessories market
Exhibit 03: Market characteristics
Exhibit 04: Market segments
Exhibit 05: Market definition - Inclusions and exclusions checklist
Exhibit 06: Market size 2018
Exhibit 07: Global market: Size and forecast 2018-2023 ($ millions)
Exhibit 08: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 09: Five forces analysis 2018
Exhibit 10: Five forces analysis 2023
Exhibit 11: Bargaining power of buyers
Exhibit 12: Bargaining power of suppliers
Exhibit 13: Threat of new entrants
Exhibit 14: Threat of substitutes
Exhibit 15: Threat of rivalry
Exhibit 16: Market condition - Five forces 2018
Exhibit 17: Type - Market share 2018-2023 (%)
Exhibit 18: Comparison by type
Exhibit 19: Synthetic wax - Market size and forecast 2018-2023 ($ millions)
Exhibit 20: Synthetic wax - Year-over-year growth 2019-2023 (%)
Exhibit 21: Natural wax - Market size and forecast 2018-2023 ($ millions)
Exhibit 22: Natural wax - Year-over-year growth 2019-2023 (%)
Exhibit 23: Market opportunity by type
Exhibit 24: Customer landscape
Exhibit 25: Market share by geography 2018-2023 (%)
Exhibit 26: Geographic comparison
Exhibit 27: North America - Market size and forecast 2018-2023 ($ millions)
Exhibit 28: North America - Year-over-year growth 2019-2023 (%)
Exhibit 29: Europe - Market size and forecast 2018-2023 ($ millions)
Exhibit 30: Europe - Year-over-year growth 2019-2023 (%)
Exhibit 31: APAC - Market size and forecast 2018-2023 ($ millions)
Exhibit 32: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 33: South America - Market size and forecast 2018-2023 ($ millions)
Exhibit 34: South America - Year-over-year growth 2019-2023 (%)
Exhibit 35: Middle East and Africa - Market size and forecast 2018-2023 ($ millions)
Exhibit 36: Middle East and Africa - Year-over-year growth 2019-2023 (%)
Exhibit 37: Key leading countries
Exhibit 38: Market opportunity
Exhibit 39: Impact of drivers and challenges
Exhibit 40: Vendor landscape
Exhibit 41: Landscape disruption
Exhibit 42: Vendors covered
Exhibit 43: Vendor classification
Exhibit 44: Market positioning of vendors
Exhibit 45: 3M - Vendor overview
Exhibit 46: 3M - Business segments
Exhibit 47: 3M - Organizational developments
Exhibit 48: 3M - Geographic focus
Exhibit 49: 3M - Segment focus
Exhibit 50: 3M - Key offerings
Exhibit 51: Henkel AG & Co. KGaA - Vendor overview
Exhibit 52: Henkel AG & Co. KGaA - Business segments
Exhibit 53: Henkel AG & Co. KGaA - Organizational developments
Exhibit 54: Henkel AG & Co. KGaA - Geographic focus
Exhibit 55: Henkel AG & Co. KGaA - Segment focus
Exhibit 56: Henkel AG & Co. KGaA - Key offerings
Exhibit 57: Malco Products, Inc - Vendor overview
Exhibit 58: Malco Products, Inc - Business segments
Exhibit 59: Malco Products, Inc - Organizational developments
Exhibit 60: Malco Products, Inc - Key offerings
Exhibit 61: Mothers - Vendor overview
Exhibit 62: Mothers - Product segments
Exhibit 63: Mothers - Key offerings
Exhibit 64: SONAX GmbH - Vendor overview
Exhibit 65: SONAX GmbH - Product segments
Exhibit 66: SONAX GmbH - Organizational developments
Exhibit 67: SONAX GmbH - Key offerings
Exhibit 68: Turtle Wax - Vendor overview
Exhibit 69: Turtle Wax - Product segments
Exhibit 70: Turtle Wax - Organizational developments
Exhibit 71: Turtle Wax - Key offerings
Exhibit 72: Validation techniques employed for market sizing
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • 3M
  • Henkel AG & Co. KGaA
  • Malco Products Inc
  • Mothers
  • SONAX GmbH
  • Turtle Wax
  • MORE
Global Car Wax Market 2019-2023

The analyst recognizes the following companies as the key players in the global car wax market: 3M, Henkel AG & Co. KGaA, Malco Products, Inc, Mothers, SONAX GmbH, Turtle Wax.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the increase in the number of HNWIs, the luxury vehicle market will see a significant growth rate, and in turn, spur the growth of the luxury-grade car wax segment.”

According to the report, one of the major drivers for this market is the increasing preference for car waxing in recent years, which will drive the growth of the market.

Further, the report states that one of the major factors hindering the growth of this market is the increased preference for public transport will lead to a decline in personal vehicle use and have a negative impact on the growth of the market.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • 3M
  • Henkel AG & Co. KGaA
  • Malco Products Inc
  • Mothers
  • SONAX GmbH
  • Turtle Wax
Note: Product cover images may vary from those shown
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