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India Commercial Car Care Products Market Forecast to 2028 - COVID-19 Impact and Country Analysis By Product, Category, and End User

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    Report

  • 113 Pages
  • May 2022
  • Region: India
  • The Insight Partners
  • ID: 5623576
UP TO OFF until Mar 15th 2023
The commercial car care products market in India is expected to grow from US$ 228.68 million in 2021 to US$ 513.86 million by 2028; it is estimated to grow at a CAGR of 12.3% from 2022 to 2028.

In India, a resurgence in new and used vehicle sales, aided by a rise in travel rates, is expected to boost the demand for auto maintenance products rapidly further influencing the demand in the India commercial car care products market. India Automotive Mission Plan 2016-26 is a collaborative endeavor by the Indian government and the Indian automotive industry to develop a path for the sector's development. India is a major vehicle exporter with excellent export growth prospects. Furthermore, various initiatives by the Indian government and key automotive manufacturers in the Indian market are predicted to propel the country to the forefront of the global two-wheeler and four-wheeler industries by the end of 2022.

The union cabinet launched the production-linked incentive (PLI) scheme in the automobile and auto components industries, led by prime minister Narendra Modi. With a budget of US$ 3.5 billion, the PLI scheme provides financial incentives of up to 18% to encourage domestic manufacturing of innovative automotive technology and attract investments in automotive manufacturing. From April 1, 2022, incentives are used to determine sales of items made in India for five years. Recent developments such as bio-based vehicle wash solutions like detergents and soaps have shaped manufacturers' product development strategies. The worldwide auto care products market's potential is still influenced by its simplicity of use and low price point. With the recent automobile releases, it is projected that the network expansion of the India commercial car care products market would increase its footprint. Turtle Wax is entering India to capitalize on the increasing auto care sector. Turtle Wax now offers a wide range of car care goods, including exterior and interior care items, but it will not open its retail store. Instead, the company will concentrate on expanding its presence across the country by partnering with existing accessories and detailing retailers and selling its products online.

Key Insights:

The India commercial car care products market is expected to grow with the introduction of antimicrobial vehicle care products. Many car care product manufacturers, car owners, and customers acknowledge the need for a germ-free surface. This is driving the India commercial car care products market. Along with CarDekho and Cars24, OLX has been a frontrunner in the used automobile sales industry. Big Boy Toys is a leader in the resale of used luxury automobiles. Initially, the market for pre-owned luxury automobiles was limited to metropolitan areas. According to Big Boy Toys, local retailers and internet players have extended the India commercial car care products market to the point that interested clients from tier-1 and tier-2 cities may now acquire luxury cars.

The report segments the India commercial car care products market as follows:

Based on product, the India commercial car care products market is segmented into chain and carburetor spray, silicon spray, windshield glass cleaner, pressure washers and steam cleaners, polish wax, clay bars and sponges, brake cleaners and bleeding kits, dashboard cleaners, WD 40, engine D-greaser, car interior cleaners, tire dresser, battery terminal cleaner/ spray, engine contact cleaner, engine foam cleaner, engine shine and protector, engine oil flush for 2 and 4-wheeler, radiator flush, engine oil additive cleaner, fuel injector cleaner, engine fuel treatment additive cleaner, additive flusher, contact cleaners, adhesive cleaner, and others. The car interior cleaners segment led the India commercial car care products market with the largest share in 2021. In terms of category, the India commercial car care products market is segmented into interior and exterior. The exterior segment led the market with a larger share in 2021. Based on end user, the India commercial car care products market is segmented into original equipment suppliers (OES) and independent aftermarket (IAM). The original equipment suppliers (OES) segment led the market with a larger share in 2021.

3M,Shell Plc, Auto Bros, Pidilite Industries Ltd., Twin Tech India Pvt. Ltd, Clensta International, Miracle, Kangaroo Auto Care, Green Duck Industries, and Wavex are companies operating in the India commercial car care products market.

The overall India commercial car care products market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the India commercial car care products market with respect to all the market segments. Multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights into the topic. This process includes experts such as VPs, business development managers, market intelligence managers, national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the India commercial car care products market.


Frequently Asked Questions about the Indian Commercial Car Care Products Market

What is the estimated value of the Indian Commercial Car Care Products Market?

The Indian Commercial Car Care Products Market was estimated to be valued at $228.68 million in 2022.

What is the growth rate of the Indian Commercial Car Care Products Market?

The growth rate of the Indian Commercial Car Care Products Market is 12.3%, with an estimated value of $513.86 million by 2028.

What is the forecasted size of the Indian Commercial Car Care Products Market?

The Indian Commercial Car Care Products Market is estimated to be worth $513.86 million by 2028.

Who are the key companies in the Indian Commercial Car Care Products Market?

Key companies in the Indian Commercial Car Care Products Market include 3M, Shell Plc, Auto Bros, Pidilite Industries Ltd., Twin Tech India Pvt. Ltd, Clensta International, Miracle, Kangaroo Auto Care and Wavex.

Table of Contents

1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Commercial car care products Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 India
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Commercial Car Care Products Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increase in Sales of Second-Hand Cars
5.1.2 Government Initiatives Influencing Automotive Industry
5.2 Market Restraints
5.2.1 Use of Hazardous Chemicals
5.3 Market Opportunities
5.3.1 Rising Investments in Automotive Aftermarket
5.4 Future Trends
5.4.1 Growing Adoption of Electric Vehicles
6. Commercial Car Care Products- India Market Analysis
6.1 Commercial car care products: India Market Overview
6.2 Commercial Car Care Products Market - Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning - India Market Players Ranking
7. Commercial Car Care Products Market Analysis - By Product
7.1 Overview
7.2 Commercial car care products Market, By Product (2021 and 2028)
7.3 Chain and Carburettor Spray
7.3.1 Overview
7.3.2 Chain and carburettor spray: Commercial Car Care Products Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Silicon Spray
7.4.1 Overview
7.4.2 Silicon spray: Commercial Car Care Products Market - Revenue and Forecast to 2028 (US$ Million)
7.5 Windshield Glass Cleaner
7.5.1 Overview
7.5.2 Windshield Glass Cleaner: Commercial Car Care Products Market - Revenue and Forecast to 2028 (US$ Million)
7.6 Pressure Washers and Steam Cleaners
7.6.1 Overview
7.6.2 Pressure Washers and Steam Cleaners: Commercial Car Care Products Market - Revenue and Forecast to 2028 (US$ Million)
7.7 Polish Wax
7.7.1 Overview
7.7.2 Polish Wax: Commercial Car Care Products Market - Revenue and Forecast to 2028 (US$ Million)
7.8 Clay Bars and Sponges
7.8.1 Overview
7.8.2 Clay Bars and Sponges: Commercial Car Care Products Market - Revenue and Forecast to 2028 (US$ Million)
7.9 Brake Cleaners and Bleeding Kits
7.9.1 Overview
7.9.2 Brake Cleaners and Bleeding Kits: Commercial Car Care Products Market - Revenue and Forecast to 2028 (US$ Million)
7.10 Dashboard cleaners
7.10.1 Overview
7.10.2 Dashboard cleaners: Commercial Car Care Products Market - Revenue and Forecast to 2028 (US$ Million)
7.11 WD 40
7.11.1 Overview
7.11.2 WD 40: Commercial Car Care Products Market - Revenue and Forecast to 2028 (US$ Million)
7.12 Engine D-Greaser
7.12.1 Overview
7.12.2 Engine D-Greaser: Commercial Car Care Products Market - Revenue and Forecast to 2028 (US$ Million)
7.13 Car Interior Cleaners
7.13.1 Overview
7.13.2 Car Interior Cleaners: Commercial Car Care Products Market - Revenue and Forecast to 2028 (US$ Million)
7.14 Tyre Dresser
7.14.1 Overview
7.14.2 Tyre Dresser: Commercial Car Care Products Market - Revenue and Forecast to 2028 (US$ Million)
7.15 Battery Terminal Cleaner/ Spray
7.15.1 Overview
7.15.2 Battery Terminal Cleaner/ Spray: Commercial Car Care Products Market - Revenue and Forecast to 2028 (US$ Million)
7.16 Engine Contact and Foam Cleaner
7.16.1 Overview
7.16.2 Engine Contact and Foam Cleaner: Commercial Car Care Products Market - Revenue and Forecast to 2028 (US$ Million)
7.17 Engine Shine and Protector
7.17.1 Overview
7.17.2 Engine Shine and Protector: Commercial Car Care Products Market - Revenue and Forecast to 2028 (US$ Million)
7.18 Engine Oil Flush for 2 and 4-wheeler
7.18.1 Overview
7.18.2 Engine oil flush for 2 and 4-wheeler: Commercial Car Care Products Market - Revenue and Forecast to 2028 (US$ Million)
7.19 Radiator Flush
7.19.1 Overview
7.19.2 Radiator Flush: Commercial Car Care Products Market - Revenue and Forecast to 2028 (US$ Million)
7.20 Engine Oil Additive Cleaner
7.20.1 Overview
7.20.2 Engine Oil Additive Cleaner: Commercial Car Care Products Market - Revenue and Forecast to 2028 (US$ Million)
7.21 Fuel Injector Cleaner
7.21.1 Overview
7.21.2 Fuel Injector Cleaner: Commercial Car Care Products Market - Revenue and Forecast to 2028 (US$ Million)
7.22 Engine Fuel Treatment Additive Cleaner
7.22.1 Overview
7.22.2 Engine Fuel Treatment Additive Cleaner: Commercial Car Care Products Market - Revenue and Forecast to 2028 (US$ Million)
7.23 Additive Flusher
7.23.1 Overview
7.23.2 Additive Flusher: Commercial Car Care Products Market - Revenue and Forecast to 2028 (US$ Million)
7.24 Contact cleaners
7.24.1 Overview
7.24.2 Contact cleaners: Commercial Car Care Products Market - Revenue and Forecast to 2028 (US$ Million)
7.25 Adhesive Cleaner
7.25.1 Overview
7.25.2 Adhesive Cleaner: Commercial Car Care Products Market - Revenue and Forecast to 2028 (US$ Million)
7.26 Others
7.26.1 Overview
7.26.2 Others: Commercial Car Care Products Market - Revenue and Forecast to 2028 (US$ Million)
8. Commercial Car Care Products Market Analysis - By Category
8.1 Overview
8.2 Commercial car care products Market, By Category (2021 and 2028)
8.3 Interior
8.3.1 Overview
8.3.2 Interior: Commercial Car Care Products Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Exterior
8.4.1 Overview
8.4.2 Exterior: Commercial Car Care Products Market - Revenue and Forecast to 2028 (US$ Million)
9. Commercial Car Care Products Market Analysis - By End User
9.1 Overview
9.2 Commercial car care products Market, By End User (2021 and 2028)
9.3 Original Equipment Suppliers (OES)
9.3.1 Overview
9.3.2 Original Equipment Suppliers (OES): Commercial Car Care Products Market - Revenue and Forecast to 2028 (US$ Million)
9.4 Independent Aftermarket (IAM)
9.4.1 Overview
9.4.2 Independent Aftermarket (IAM): Commercial Car Care Products Market - Revenue and Forecast to 2028 (US$ Million)
10. Commercial Car Care Products Market - COVID-19 Impact Analysis
10.1 Overview
11. Industry Landscape
11.1 Market Initiative
11.2 Market Initiative
12. Company Profiles
12.1 3M
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Shell plc
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Miracle
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Auto Bros
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Pidilite Industries Limited
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Twin Tech India Pvt. Ltd.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Clensta International
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Green Duck Industries
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Wavex
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Kangaroo Auto Care
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About the Publisher
13.2 Word Index
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Companies Mentioned

A selection of companies mentioned in this report includes:

  • 3M
  • Shell Plc
  • Auto Bros
  • Pidilite Industries Ltd.
  • Twin Tech India Pvt. Ltd
  • Clensta International
  • Miracle
  • Kangaroo Auto Care
  • Green Duck Industries
  • Wavex