(MENAFN- iCrowdNewsWire)According to the latest report by IMARC Group, titled “Car Care Products Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global car care products market size exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the global car care products market to grow at a CAGR of around 4% during 2021-2026 . Car care products refer to a wide range of high presentation chemicals utilized for maintaining the durability, gloss and shine of vehicles. These products protect the car against damage caused by gravel, deicing agents, airborne contaminants, bird droppings, and sun rays. Car care products also help to eliminate blemishes and oxidation that cannot be removed by water. Some of the common car care products include sprays, dust repellents, wax, polish, glass cleaners, and wheel and tire cleaners.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic.
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Market Trends:
A rapid rise in the sales of passenger vehicles is majorly driving the global car care products market. The increasing disposable incomes of consumers across the globe have enabled them to purchase premium cars that require regular maintenance, which is further fueling the market growth. Other than this, growing awareness amongst end-users regarding the benefits of car care products is contributing to the market growth. Moreover, there has been a rise in market competition, which has led to the adoption of innovative marketing strategies by leading players. This is creating a positive outlook for the market.
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Key Market Segmentation:
Competitive Landscape With Key Players:
- 3M Company
- Adolf Würth GmbH & Co. KG
- Autoglym (The Altro Group plc),
- BULLSONE Co.Ltd
- Illinois Tool Works Inc.
- Jopasu India Pvt. Ltd.,
- Simoniz USA Inc.
- SOFT99 Corporation
- Sonax GmbH
- Tetrosyl Ltd.
- Turtle Wax
Breakup by Product Type:
- Car Cleaning Products
- Car Polish
- Car Wax
- Wheel and Tire Care Products
- Glass Cleaners
- Others
Breakup by Application:
Breakup by Distribution Channel:
- DIY/Retail Stores
- DIFM/Service Centers
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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