Car Care Products Market 2023-2027 | The growing demand for aftermarket car cleaning products drives the market growth – Technavio

NEW YORK, Oct. 29, 2023 /PRNewswire/ — According to Technavio, the global car care products market size is estimated to grow by USD 3585.56 million from 2022 to 2027. The market is estimated to grow at a CAGR of 5.48% during the forecast period. The growing demand for aftermarket car cleaning products is notably driving the car care products market growth. The expansion of the market is being driven by an increase in consumer awareness and the growth in the availability of automobile cleaning products. In terms of the number of vendors, their product offerings, and service networks, the automobile aftermarket is experiencing different market dynamics across regions. For instance, the automotive aftermarket in APAC is expanding quickly due to the entry of new businesses into both the offline market and e-commerce platforms. Therefore, the rising demand for aftermarket car cleaning products will propel the growth of the worldwide auto care products market during the forecast period. For more Insights on the car care products market, Request a sample report

Covid Analysis

The COVID-19 outbreak had a severely negative effect on the global automotive components and accessories market’s growth in 2020. Additionally, trade operations were negatively impacted in the first half of 2020 as a result of the rigorous social distance and travel limitations that were put into place. This impacted the expansion of the market for automotive components globally. Worldwide, non-essential goods and services, as well as vehicle parts and accessories, saw a fall in sales. However, vehicle parts and accessories sales soared in 2021 due to the relaxation of the ban on trade and the removal of lockdowns. This is anticipated to result in a rise in demand for automotive parts and accessories throughout the forecast period, which would favorably affect the market expansion of the global automotive components and accessories market. 

The supply chain for automobiles has been impacted by the ongoing Russia–Ukraine conflict. Auto sales have fallen slightly in 2022 as a result of significant price volatility and a constrained product supply. The prolonged confrontation between Russia and Ukraine has caused delays in the production of finished items. This has had a substantial impact on the development of the automotive industry, which has hurt European customers’ interest in the sector. This will negatively impact the growth of the global automotive market during the forecast period.– buy the report!

Global car care products market – Five forces
The global car care products market is fragmented, and the five forces analysis covers– 

Bargaining Power of Buyers The threat of New EntrantsThreat of RivalryBargaining Power of SuppliersThreat of Substitutes

Global car care products market – Customer landscape

The report includes the market’s adoption lifecycle, from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global car care products market – Segmentation assessment

Segment Overview
Technavio has segmented the market based on application (interior and exterior), end-user (retail and professional), and geography (APAC, North America, Europe, South America, and Middle East and Africa). 

The interior segment will grow at the highest rate during the forecast period. The segment is expected to rise due to the rising demand for automobile cleaning products and solutions during the forecast period. The growth in the demand for car care products is due to the increasing understanding of automobile accessories among customers.

Geography overview
By geography, the global car care products market is segmented into APAC, North America, Europe, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the global car care products market growth.

APAC will account for 42% of the market’s growth during the forecast period. China, India, Japan, and South Korea are the major countries in the regional market. The region will be able to strengthen its position in the market for auto care products due to the high growth rate. Additionally, countries like China and Japan are also leading the e-commerce market in terms of online purchases. Therefore, the region offers ideal conditions for the car care products market growth.

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Global car care products market – Market dynamics

Leading trends influencing the market 

Growing focus on car maintenance and extending the lifespan of vehicles is the key trend driving the car care products market growth. The lifespan of vehicles is getting longer in developed nations like the US, China, and Europe, which is increasing the number of vehicles on the road globally.The lifespan of automobiles is further growth due to the expanding use of dependable parts and components, routine maintenance services, and increased customer knowledge of the importance of keeping cars in good working condition.Due to the increased lifespan of vehicles, the demand for various automotive care products, including interior and exterior protection/dressing/cleaning solutions is increasing. This is thus anticipated to accelerate market growth during the forecast period.

Major challenges hindering the market growth

The major challenge impeding the car care products market growth is counterfeit car care products and solutions.Due to the market’s extremely unstructuredness and lack of regulation, there is a very strong probability of selling low-quality, fake goods.As competition rises and new competitors enter the market with strong pricing strategies, the availability of such counterfeit goods grows yearly.However, throughout the projected period, the prevalence of fake car care products is expected to restrict the growth of the market during the forecast period.

Driver, Trend & Challenges are the factor of market dynamics which states about consequences & sustainability of the businesses, find some insights from a sample report!

What are the key data covered in this car care products market report?

CAGR of the market during the forecast periodDetailed information on factors that will drive the growth of the car care products market between 2023 and 2027Precise estimation of the size of the car care products market and its contribution to the parent marketAccurate predictions about upcoming trends and changes in consumer behaviorGrowth of the car care products market across APAC, North America, Europe, South America, and Middle East and AfricaA thorough analysis of the market’s competitive landscape and detailed information about vendorsComprehensive analysis of factors that will challenge the growth of car care products market vendors

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Aftermarket Automotive Parts and Components Market by Product, Distribution Channel, and Geography – Forecast and Analysis – 2023-2027: The aftermarket automotive parts and components market is estimated to grow at a CAGR of 3.54% between 2022 and 2027. The increasing number of vehicles globally is notably driving the market growth, although factors such as the growing shortage of skilled automotive technicians may impede the market growth.

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Table of Contents

1 Executive Summary

1.1 Market overview Exhibit 01: Executive Summary – Chart on Market OverviewExhibit 02: Executive Summary – Data Table on Market OverviewExhibit 03: Executive Summary – Chart on Global Market CharacteristicsExhibit 04: Executive Summary – Chart on Market by GeographyExhibit 05: Executive Summary – Chart on Market Segmentation by ApplicationExhibit 06: Executive Summary – Chart on Market Segmentation by End-userExhibit 07: Executive Summary – Chart on Incremental GrowthExhibit 08: Executive Summary – Data Table on Incremental GrowthExhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem Exhibit 10: Parent marketExhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition Exhibit 12: Offerings of vendors included in the market definition3.2 Market segment analysis Exhibit 13: Market segments3.3 Market size 20223.4 Market outlook: Forecast for 2022-2027 Exhibit 14: Chart on Global – Market size and forecast 2022-2027 (USD million)Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 (USD million)Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global car care products market 2017 – 2021Exhibit 18: Historic Market Size – Data Table on Global car care products market 2017 – 2021 (USD million)4.2 Application Segment Analysis 2017 – 2021Exhibit 19: Historic Market Size – Application Segment 2017 – 2021 (USD million)4.3 End-user Segment Analysis 2017 – 2021 Exhibit 20: Historic Market Size – End-user Segment 2017 – 2021 (USD million)4.4 Geography Segment Analysis 2017 – 2021 Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 (USD million)4.5 Country Segment Analysis 2017 – 2021 Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 (USD million)

5 Five Forces Analysis

5.1 Five forces summary Exhibit 23: Five forces analysis – Comparison between 2022 and 20275.2 Bargaining power of buyers Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 20275.3 Bargaining power of suppliers Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 20275.4 Threat of new entrants Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 20275.5 Threat of substitutes Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 20275.6 Threat of rivalry Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 20275.7 Market condition Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Application

6.1 Market segments Exhibit 30: Chart on Application – Market share 2022-2027 (%)Exhibit 31: Data Table on Application – Market share 2022-2027 (%)6.2 Comparison by Application Exhibit 32: Chart on Comparison by ApplicationExhibit 33: Data Table on Comparison by Application6.3 Interior – Market size and forecast 2022-2027Exhibit 34: Chart on Interior – Market size and forecast 2022-2027 (USD million)Exhibit 35: Data Table on Interior – Market size and forecast 2022-2027 (USD million)Exhibit 36: Chart on Interior – Year-over-year growth 2022-2027 (%)Exhibit 37: Data Table on Interior – Year-over-year growth 2022-2027 (%)6.4 Exterior – Market size and forecast 2022-2027Exhibit 38: Chart on Exterior – Market size and forecast 2022-2027 (USD million)Exhibit 39: Data Table on Exterior – Market size and forecast 2022-2027 (USD million)Exhibit 40: Chart on Exterior – Year-over-year growth 2022-2027 (%)Exhibit 41: Data Table on Exterior – Year-over-year growth 2022-2027 (%)6.5 Market opportunity by Application Exhibit 42: Market opportunity by Application (USD million)

7 Market Segmentation by End-user

7.1 Market segments Exhibit 43: Chart on End-user – Market share 2022-2027 (%)Exhibit 44: Data Table on End-user – Market share 2022-2027 (%)7.2 Comparison by End-user Exhibit 45: Chart on Comparison by End-userExhibit 46: Data Table on Comparison by End-user7.3 Retail – Market size and forecast 2022-2027Exhibit 47: Chart on Retail – Market size and forecast 2022-2027 (USD million)Exhibit 48: Data Table on Retail – Market size and forecast 2022-2027 (USD million)Exhibit 49: Chart on Retail – Year-over-year growth 2022-2027 (%)Exhibit 50: Data Table on Retail – Year-over-year growth 2022-2027 (%)7.4 Professional – Market size and forecast 2022-2027Exhibit 51: Chart on Professional – Market size and forecast 2022-2027 (USD million)Exhibit 52: Data Table on Professional – Market size and forecast 2022-2027 (USD million)Exhibit 53: Chart on Professional – Year-over-year growth 2022-2027 (%)Exhibit 54: Data Table on Professional – Year-over-year growth 2022-2027 (%)7.5 Market opportunity by End-user Exhibit 55: Market opportunity by End-user (USD million)

8 Customer Landscape

8.1 Customer landscape overview Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation Exhibit 57: Chart on Market share by geography 2022-2027 (%)Exhibit 58: Data Table on Market share by geography 2022-2027 (%)9.2 Geographic comparison Exhibit 59: Chart on Geographic comparisonExhibit 60: Data Table on Geographic comparison9.3 APAC – Market size and forecast 2022-2027Exhibit 61: Chart on APAC – Market size and forecast 2022-2027 (USD million)Exhibit 62: Data Table on APAC – Market size and forecast 2022-2027 (USD million)Exhibit 63: Chart on APAC – Year-over-year growth 2022-2027 (%)Exhibit 64: Data Table on APAC – Year-over-year growth 2022-2027 (%)9.4 North America – Market size and forecast 2022-2027Exhibit 65: Chart on North America – Market size and forecast 2022-2027 (USD million)Exhibit 66: Data Table on North America – Market size and forecast 2022-2027 (USD million)Exhibit 67: Chart on North America – Year-over-year growth 2022-2027 (%)Exhibit 68: Data Table on North America – Year-over-year growth 2022-2027 (%)9.5 Europe – Market size and forecast 2022-2027Exhibit 69: Chart on Europe – Market size and forecast 2022-2027 (USD million)Exhibit 70: Data Table on Europe – Market size and forecast 2022-2027 (USD million)Exhibit 71: Chart on Europe – Year-over-year growth 2022-2027 (%)Exhibit 72: Data Table on Europe – Year-over-year growth 2022-2027 (%)9.6 South America – Market size and forecast 2022-2027Exhibit 73: Chart on South America – Market size and forecast 2022-2027 (USD million)Exhibit 74: Data Table on South America – Market size and forecast 2022-2027 (USD million)Exhibit 75: Chart on South America – Year-over-year growth 2022-2027 (%)Exhibit 76: Data Table on South America – Year-over-year growth 2022-2027 (%)9.7 Middle East and Africa – Market size and forecast 2022-2027 Exhibit 77: Chart on Middle East and Africa – Market size and forecast 2022-2027 (USD million)Exhibit 78: Data Table on Middle East and Africa – Market size and forecast 2022-2027 (USD million)Exhibit 79: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)Exhibit 80: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)9.8 US – Market size and forecast 2022-2027Exhibit 81: Chart on US – Market size and forecast 2022-2027 (USD million)Exhibit 82: Data Table on US – Market size and forecast 2022-2027 (USD million)Exhibit 83: Chart on US – Year-over-year growth 2022-2027 (%)Exhibit 84: Data Table on US – Year-over-year growth 2022-2027 (%)9.9 China – Market size and forecast 2022-2027Exhibit 85: Chart on China – Market size and forecast 2022-2027 (USD million)Exhibit 86: Data Table on China – Market size and forecast 2022-2027 (USD million)Exhibit 87: Chart on China – Year-over-year growth 2022-2027 (%)Exhibit 88: Data Table on China – Year-over-year growth 2022-2027 (%)9.10 Germany – Market size and forecast 2022-2027Exhibit 89: Chart on Germany – Market size and forecast 2022-2027 (USD million)Exhibit 90: Data Table on Germany – Market size and forecast 2022-2027 (USD million)Exhibit 91: Chart on Germany – Year-over-year growth 2022-2027 (%)Exhibit 92: Data Table on Germany – Year-over-year growth 2022-2027 (%)9.11 Japan – Market size and forecast 2022-2027Exhibit 93: Chart on Japan – Market size and forecast 2022-2027 (USD million)Exhibit 94: Data Table on Japan – Market size and forecast 2022-2027 (USD million)Exhibit 95: Chart on Japan – Year-over-year growth 2022-2027 (%)Exhibit 96: Data Table on Japan – Year-over-year growth 2022-2027 (%)9.12 UK – Market size and forecast 2022-2027Exhibit 97: Chart on UK – Market size and forecast 2022-2027 (USD million)Exhibit 98: Data Table on UK – Market size and forecast 2022-2027 (USD million)Exhibit 99: Chart on UK – Year-over-year growth 2022-2027 (%)Exhibit 100: Data Table on UK – Year-over-year growth 2022-2027 (%)9.13 Market opportunity by geography Exhibit 101: Market opportunity by geography (USD million)

10 Drivers, Challenges, and Trends

10.1 Market drivers10.2 Market challenges10.3 Impact of drivers and challenges Exhibit 102: Impact of drivers and challenges in 2022 and 202710.4 Market trends

11 Vendor Landscape

11.1 Overview11.2 Vendor landscape Exhibit 103: Overview on Criticality of inputs and Factors of differentiation11.3 Landscape disruption Exhibit 104: Overview on factors of disruption11.4 Industry risks Exhibit 105: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered Exhibit 106: Vendors covered12.2 Market positioning of vendors Exhibit 107: Matrix on vendor position and classification12.3 3M Co. Exhibit 108: 3M Co. – OverviewExhibit 109: 3M Co. – Business segmentsExhibit 110: 3M Co. – Key offeringsExhibit 111: 3M Co. – Segment focus12.4 Adolf Wurth GmbH and Co. KG Exhibit 112: Adolf Wurth GmbH and Co. KG – OverviewExhibit 113: Adolf Wurth GmbH and Co. KG – Business segmentsExhibit 114: Adolf Wurth GmbH and Co. KG – Key newsExhibit 115: Adolf Wurth GmbH and Co. KG – Key offeringsExhibit 116: Adolf Wurth GmbH and Co. KG – Segment focus12.5 BP Plc Exhibit 117: BP Plc – OverviewExhibit 118: BP Plc – Business segmentsExhibit 119: BP Plc – Key offeringsExhibit 120: BP Plc – Segment focus12.6 Cartec B.V. Exhibit 121: Cartec B.V. – OverviewExhibit 122: Cartec B.V. – Product / ServiceExhibit 123: Cartec B.V. – Key offerings12.7 Chevron Corp. Exhibit 124: Chevron Corp. – OverviewExhibit 125: Chevron Corp. – Business segmentsExhibit 126: Chevron Corp. – Key newsExhibit 127: Chevron Corp. – Key offeringsExhibit 128: Chevron Corp. – Segment focus12.8 Energizer Holdings Inc. Exhibit 129: Energizer Holdings Inc. – OverviewExhibit 130: Energizer Holdings Inc. – Business segmentsExhibit 131: Energizer Holdings Inc. – Key offeringsExhibit 132: Energizer Holdings Inc. – Segment focus12.9 Exxon Mobil Corp. Exhibit 133: Exxon Mobil Corp. – OverviewExhibit 134: Exxon Mobil Corp. – Business segmentsExhibit 135: Exxon Mobil Corp. – Key offeringsExhibit 136: Exxon Mobil Corp. – Segment focus12.10 FUCHS PETROLUB SE Exhibit 137: FUCHS PETROLUB SE – OverviewExhibit 138: FUCHS PETROLUB SE – Business segmentsExhibit 139: FUCHS PETROLUB SE – Key newsExhibit 140: FUCHS PETROLUB SE – Key offeringsExhibit 141: FUCHS PETROLUB SE – Segment focus12.11 Illinois Tool Works Inc. Exhibit 142: Illinois Tool Works Inc. – OverviewExhibit 143: Illinois Tool Works Inc. – Business segmentsExhibit 144: Illinois Tool Works Inc. – Key offeringsExhibit 145: Illinois Tool Works Inc. – Segment focus12.12 Prestone Products Corp. Exhibit 146: Prestone Products Corp. – OverviewExhibit 147: Prestone Products Corp. – Product / ServiceExhibit 148: Prestone Products Corp. – Key offerings12.13 Shell plc Exhibit 149: Shell plc – OverviewExhibit 150: Shell plc – Business segmentsExhibit 151: Shell plc – Key newsExhibit 152: Shell plc – Key offeringsExhibit 153: Shell plc – Segment focus12.14 Sinopec Shanghai Petrochemical Co. Ltd.Exhibit 154: Sinopec Shanghai Petrochemical Co. Ltd. – OverviewExhibit 155: Sinopec Shanghai Petrochemical Co. Ltd. – Business segmentsExhibit 156: Sinopec Shanghai Petrochemical Co. Ltd. – Key newsExhibit 157: Sinopec Shanghai Petrochemical Co. Ltd. – Key offeringsExhibit 158: Sinopec Shanghai Petrochemical Co. Ltd. – Segment focus12.15 SONAX GmbH Exhibit 159: SONAX GmbH – OverviewExhibit 160: SONAX GmbH – Product / ServiceExhibit 161: SONAX GmbH – Key offerings12.16 TotalEnergies SE Exhibit 162: TotalEnergies SE – OverviewExhibit 163: TotalEnergies SE – Business segmentsExhibit 164: TotalEnergies SE – Key newsExhibit 165: TotalEnergies SE – Key offeringsExhibit 166: TotalEnergies SE – Segment focus12.17 Valvoline Inc. Exhibit 167: Valvoline Inc. – OverviewExhibit 168: Valvoline Inc. – Business segmentsExhibit 169: Valvoline Inc. – Key offeringsExhibit 170: Valvoline Inc. – Segment focus

13 Appendix

13.1 Scope of the report13.2 Inclusions and exclusions checklist Exhibit 171: Inclusions checklistExhibit 172: Exclusions checklist13.3 Currency conversion rates for USUSD Exhibit 173: Currency conversion rates for USUSD13.4 Research methodology Exhibit 174: Research methodologyExhibit 175: Validation techniques employed for market sizingExhibit 176: Information sources13.5 List of abbreviations Exhibit 177: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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