Global Car Care Market to Hit $18 Billion by 2030, Driven by DIY Enthusiasts and Premiumization
The global car care market is expected to grow steadily, reaching a value of US$18.02 billion by 2030, according to a recent report. This represents a CAGR of 4.2%, fueled by a growing preference for DIY car maintenance and increasing demand for premium car care products.
Embark on a journey into the vibrant realm of the Car Care Products market; experience its dynamic pulse by clicking here for an exclusive preview: https://www.maximizemarketresearch.com/request-sample/25224
Market Overview:
- The global car care market was valued at US$13.40 billion in 2023 and is projected to reach US$18.02 billion by 2030.
- Rising popularity of DIY car care among younger generations and increasing car ownership are driving market growth.
- Consumers are increasingly opting for premium car care products that offer superior performance and long-lasting protection.
- The trend towards car personalization and detailing is further boosting demand for specialized car care solutions.
Report Scope:
This report offers a comprehensive analysis of the global car care market, including:
- Market size and growth forecasts
- Key market drivers and trends
- Segmentation by product type, application, and distribution channel
- Regional analysis
- Competitive landscape
- Future outlook
Research Methodology:
The report uses a combination of primary and secondary research methods, including:
- In-depth interviews with industry experts and key players
- Analysis of relevant government reports, industry publications, and market databases
- Quantitative data analysis using advanced statistical tools
Segmentation:
The report segments the market based on:
By Product
Cleaning & Washing
Polishing & Waxing
Sealing Glaze & Coating
Others
By Vehicle Type Passenger Cars
Light Commercial Vehicles (LCVs)
Heavy Commercial Vehicles (HCVs)
By Solvent
Water-Based
Foam-Based
By Application
Interior
Exterior
By End-User
Commercial Use
Individual Use
Original Equipment Manufacturers (OEMs)
Regional Insights:
North America established itself as a mature market for automobile care products in 2023 by leading the industry with a significant revenue share. The expansion of the region is impacted by rising auto sales and more understanding of auto repair. In 2022–2023, the US auto sector sold close to 2.86 million vehicles. About 13.75 million cars and light trucks were sold in the US during that year. Car sales in the US reached a peak in 2016 of almost 17.5 million units. The wide range of automobile maintenance products available in North America is further influenced by the growing trend of luxury vehicle ownership and the use of compact trucks as family cars. Expected demand growth, bolstered by a surge in sales of passenger cars, highlights the region's ongoing relevance in
Key Players:
Major players in the global car care market include:
North America
1. ExxonMobil - United States
2. Chevron - United States
3. Valvoline - United States
4. 3M - United States
5. Illinois Tool Works - United States
6. Spectrum Brands - United States
7. Turtle Wax - United States
8. Prestone - United States
9. Simoniz USA - United States
Europe:
10. Shell - Netherlands
11. BP - United Kingdom
12. Total - France
13. Fuchs - Germany
14. Valvoline - United States
15. Würth Group - Germany
16. Sonax - Germany
17. Autoglym - United Kingdom
18. Altro - United Kingdom
19. Tetrosyl - United Kingdom
20. Lukoil - Russia
21. Autoglym - United Kingdom
Asia Pacific:
22. Sinopec - China (Beijing)
23. JX GROUP - Japan (Tokyo)
24. CNPC - China (Beijing)
25. Idemitsu Kosan - Japan (Tokyo)
26. Biaobang - China (Guangzhou)
27. SOFT99 - Japan (Osaka)
28. Idemitsu Kosan - Japan
29. other
South America:
30. Petrobras - Brazil
31. Others
About the Report:
This report provides valuable insights for stakeholders in the car care industry, including manufacturers, distributors, retailers, and investors. It helps them identify growth opportunities, capitalize on emerging trends, and make informed business decisions in this dynamic market.
Gain exclusive access to customized insights and strategic recommendations meticulously crafted to address your distinct business requirements. Dive into our comprehensive research report summary to stay at the forefront of the competitive Car Care Products market landscape: https://www.maximizemarketresearch.com/market-report/global-car-care-products-market/25224/
About Maximize Market Research:
At Maximize Market Research, our commitment to excellence permeates every facet of our comprehensive approach to market research and consulting. Our team comprises a diverse array of experts from various industries, ensuring a rich tapestry of knowledge and experience that we bring to our clients' projects. We take pride in our extensive coverage across a broad spectrum of sectors, guaranteeing our ability to address the unique requirements of clients operating in diverse fields, whether it be medical devices, pharmaceuticals, technology, or any other industry. Our suite of services encompasses meticulously validated industry estimations, strategic consultancy, and competitive analysis, all meticulously designed to furnish clients with the insights and guidance essential for thriving in today's dynamic business landscape. With an unwavering focus on precision and actionable intelligence, we aspire to be the trusted ally that businesses depend on to navigate the intricacies of the market and emerge as trailblazers in their respective domains.
Contact Maximize Market Research:
MAXIMIZE MARKET RESEARCH PVT. LTD.
⮝ 444 West Lake Street, Floor 17,
Chicago, IL, 60606, USA.
✆ +1 800 507 4489
✆ +91 9607365656
? www.maximizemarketresearch.com
More Related Reports:
Wind Turbine Tower Market https://www.maximizemarketresearch.com/market-report/wind-turbine-tower-market/169684/
Methyl Oleate Market https://www.maximizemarketresearch.com/market-report/methyl-oleate-market/123263/
Global Diathermy Equipment Market https://www.maximizemarketresearch.com/market-report/global-diathermy-equipment-market/101971/
