Automotive care products are those products which are used for grooming and maintaining the exteriors and interiors of the vehicle. Such kind of products include clay bars, cleaners & polishes, tapes, wax, fillers, and many others. Considering increasing wear and tear of automobile vehicles, demand for automotive care products is expected to rise notably in upcoming years all over the world. Automotive care products market is anticipated to witness significant growth during the forecast period.
MARKET SCOPE
The "Global Automotive Care Products Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the automotive care products market with detailed market segmentation by product type, solvent type, application, consumption and geography. The report provides key statistics on the market status of the leading automotive care products market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on product type, the global automotive care products market is segmented into cleaning and caring, polishing and waxing, sealing glaze and coating and other products.
- On the basis of solvent type, the market is segmented into water-based solvents and foam-based solvents.
- Based on application, the market is bifurcated into interior and exterior.
- On the basis of consumption, the market is segmented into auto beauty shops, service center and garages and individual sources.
MARKET DYNAMICS
Drivers:
- Growing production of vehicles in many developing countries of Asia.
- Rising urbanization and increasing per capita disposable income to boost market growth of automotive care products.
Restraints:
- Unorganized retail sector in some developing nations.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The automotive care products market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the automotive care products market in these regions.
IMPACT OF COVID-19 ON AUTOMOTIVE CARE PRODUCTS MARKET
The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities. This pandemic restricted the movement of people from one place to another. Hence, demand for various passenger and commercial cars reduced significantly. However, post pandemic, this market is expected to grow promisingly across the globe.
MARKET PLAYERS
The report covers key developments in the automotive care products market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from automotive care products market are anticipated to lucrative growth opportunities in the future with the rising demand for automotive care products in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the automotive care products market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- 3M
- Adolf W?rth GmbH & Co. KG
- Autoglym
- Bullsone Co., Ltd.
- Jopasu India Pvt. Ltd.
- LIQUI MOLY GmbH
- SOFT99 corporation
- SONAX GmbH
- Tetrosyl Ltd.
- Turtle Wax, Inc.