Car Care Products Market Report assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry, by summing up the previous growth patterns, the growth drivers and the current and future trends.
Los Angeles, CA -- (SBWIRE) -- 11/12/2018 -- New report published by QY Research which offers insights on the global Car Care Products market. The Car Care Products market has been experiencing steady growth graph since past years. During the 2017-2025 timeline, the global market for Car Care Products is expected to reflect a 52% increase in the revenue growth. In 2018 the global Car Care Products market was valued at US$ 90 Bn and by the end of the assessment year (2025), it is estimated to touch a value more than US$ 130 Bn growing at a value CAGR of 5.41% throughout the period of forecast.
This industry study presents the global Car Care Products market size, historical breakdown data (2013-2018) and forecast (2018-2025). The Car Care Products production, revenue and market share by manufacturers, key regions and type; The consumption of Car Care Products in volume terms are also provided for major countries (or regions), and for each application and product at the global level. Market share, growth rate, and competitive factors are also evaluated for market leaders 3M, Turtle Wax, etc.
Car care products are high performance chemicals used to improve shine, gloss, and durability of vehicles. These chemicals also protect and retain the visual appeal of vehicles. There are different types of automotive appearance chemicals available in the market which includes wheel care, tyre shine, interior-exterior care, glass cleaner, paint cleaning and protection, paint restoration and many more. On the basis of type, cleaning products is the largest segment with around 69.55% production share of the total market in 2016. Repair products and protection products are more expensive, accounting for about 14.35% and 9.66% separately market share in terms of production.
On the basis of geography, the global car care products market is segmented into regions, namely, North America, Europe, Asia and other regions. In 2016, Europe is the largest supplier as well as the steady growing regional market for car care products and held 38.05% share in the global market, followed by North America with the market share of 32.33%. The demand for car care products has been rapid increasing in Asian countries, especially in China. The global car care products market comprises numerous players offering broad range of products. Lots of manufactures of car care products offer a wide range of car care products to fit aftermarket requirements. The concentration of the market is relative low, among those manufacturers, 3M, Turtle Wax and Illinois Tool Works are the three giant players.
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The following manufacturers are covered in this report:
3M
Turtle Wax
Illinois Tool Works
Armored AutoGroup
SOFT99
SONAX
Tetrosyl
Northern Labs
Liqui Moly
Simoniz
Car Care Products Breakdown Data by Type
Cleaning Products
Repair Products
Protection Products
Car Care Products Breakdown Data by Application
Auto Beauty Shop
Auto 4S Shop
Individual Consumers
Car Care Products Production by Region
United States
Europe
China
Japan
South Korea
India
Other Regions
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