Market overview
The market for automotive care products was projected to be worth USD 12.6 billion in 2021. The market for automobile care products is predicted to rise from USD 14.2 billion in 2022 to USD 21.3 billion in 2030, expanding at a compound annual growth rate (CAGR) of 4.9% over the course of the forecast year (2022 - 2030). Pre-owned automobiles are classified as used autos. They have had one or more retail owners in the past. Both organised and unorganised firms, such as OLX Autos by OLX Group, Alibaba Group, eBay, Sun Toyota, and Cars24 Services Pvt. Ltd., serve the used automobile industry. The COVID-19 has increased the market for old cars globally by lowering the purchasing power of a sizeable section of consumers intending to buy a new vehicle. While having a spotless interior devoid of any trash, sand, dust, or smudges is fantastic, what about getting rid of all dangerous bacteria? It helps shield the driver and occupants of a car—who spend an average of 3–4 hours inside—from a variety of diseases and health issues caused by bacterial infection. Many manufacturers of car care products as well as both car owners and customers have come to understand the importance of a germ-free surface.
Used cars frequently contain pollutants that can harm both the interior and outside. An automobile is exposed to a variety of aerial pollutants as well as the sun's rays, tree resin, road asphalt, sand, and gravel, as well as de-icing agents and bird guano. The automobile care products market is estimated to grow quickly over the course of the forecast timeframe. As service stations, aftermarket activity, and auto sales rise in the Asia-Pacific region, the market for automotive care products is expected to grow dramatically. The region's strong economic growth and rising automotive industry have increased the demand for automobile care goods.
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Key Companies in the Automobile Care Products market include
- Adolf Würth GmbH Co. KG (Germany)
- Jopasu Systems Pvt. Ltd. (India)
- Mothers Inc. (US)
- BULLSONE Co. Ltd (South Korea)
- Valvoline Inc. (US)
- Total S.A (France)
- SOFT99 corporation. (Japan)
- Tetrosyl Ltd. (England)
- Simoniz USA (US),
Automobile Care Products Market Segmentation
- Automobile Care Products Type Outlook
- Cleaning Caring
- Polishing Waxing
- Sealing Glaze Coating
- Others
Automobile Care Products Application Outlook
- Soft Covering
- Resilient
- Non-resilient
- Seamless
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