Car Care Products Market Growth Driven by Rising Vehicle Ownership and Maintenance Needs

The global car care products market size is expected to reach USD 14.1 billion by 2030 and is expected to expand at a CAGR of 3.6% from 2022 to 2030, according to a new report by Grand View Research, Inc. This growth is attributed to the increasing consumer awareness regarding vehicle repair and maintenance.

 

The increase in consumer spending on vehicle maintenance and the upkeep of its aesthetics is a significant driver for the market. In addition, the availability of automobiles at affordable prices in the form of used cars has proven to be a significant factor for today’s users to purchase vehicles. This, in turn, results in the need for upkeep of the vehicles, leading to the increased industry demand for car care products.

 

Various types of car care products are available in the market, including waxes, polishes, interior, and exterior car care products, paint protection, tire cleaners, and glass cleaners. These products have different applications and help maintain the vehicle’s overall appearance. Major players in the industry are focused on manufacturing products that can be used by different kinds of vehicles.

 

The industry exhibits a vast consumer base owing to a large number of vehicles in use. The products are used by automobile manufacturing companies and consumers directly. The industry players are located in different parts of the world and can easily switch suppliers owing to the presence of a large number of suppliers.

 

 

Gather more insights about the market drivers, restrains and growth of the Global Car Care Products Market

 

 

Car Care Products Market Report Highlights

 

• By product, car cleaning products accounted for the largest revenue share in 2021 as these help in safely removing dirt, grease, oil stains, and other contaminants from the vehicle body and maintaining the aesthetics of the vehicle

 

• The 251 – 500 ml packaging volume segment is expected to expand at a lucrative CAGR of 4.4% from 2022 to 2030. This is owing to the increasing focus of people driving newer cars on maintaining their appearance, which is expected to drive the demand for car polish, car wax, and glass cleaners, available in handy sizes, which is anticipated to benefit the segment growth

 

• The retail (B2C) end-use segment held the largest revenue share of over 70.0% in 2021. This is due to the growing trend of Do-It-Yourself (DIY) applications for car maintenance among individual owners

 

• By distribution channel, the retail chains segment held the largest revenue share in 2021. This is owing to the large-scale availability of car care products in organized retail outlets as per customer convenience

 

• The North American region held the largest share in 2021 and is expected to maintain its lead over the forecast period. This is attributed to the mature automotive market in the area and the expected growing demand for car care products for preowned vehicles

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Car Care Products Market Segmentation

Grand View Research has segmented the global car care products market based on product, packaging volume, end-use, distribution channel, and region:

Car Care Products Product Outlook (Revenue, USD Million, 2017 – 2030)

• Car Cleaning Products
• Car Polish
• Car Wax
• Glass Cleaning Products
• Interior Care Products
• Wheel & Tire Care Products
• Others

Car Care Products Packaging Volume Outlook (Revenue, USD Million, 2017 – 2030)

• Less than 250 ml
• 251 – 500 ml
• 501 – 999 ml
• 1000 – 5000 ml
• More than 5000 ml

Car Care Products End-use Outlook (Revenue, USD Million, 2017 – 2030)

• Retail (B2C)
• Professional (B2B)

Car Care Products Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)

• E-commerce
• Retail Chains
• Care Detailing Stores

 

Order a free sample PDF of the Car Care Products Market Intelligence Study, published by Grand View Research.