North America Car Care Products Market

Historic Data: 2020-2021   |   Base Year: 2022   |   Forecast Period: 2023-2028

Analysis – by Products (Cleaning Products, Polishing and Waxing Products, Fresheners, and Others), Application (Interior and Exterior), and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others)


No. of Pages: 96    |    Report Code: BMIRE00028230    |    Category: Consumer Goods

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North America Car Care Products Market

The North America car care products market is expected to grow from US$ 722.64 million in 2022 to US$ 942.01 million by 2028. It is estimated to grow at a CAGR of 4.5% from 2022 to 2028.

 

Surge in Use of Eco-Friendly Car Care Products will be Driving the North America Car Care Products Market

 

The growing environmental consciousness among people is increasing the demand for better eco-friendly detailing and biodegradable products. Manufacturers are focusing on meeting the demand for good, high-quality, safe products in the form of green products. As per the CGS 2019 US Consumer Sustainability Survey, more than two-thirds of Americans consider sustainability when purchasing a product and are willing to pay more for sustainable products. Furthermore, 68% of Gen Z shoppers purchased an eco-friendly product in 2018. Hence, the demand for eco-friendly car care products is also rising. The need for eco-friendly car cleaning products is growing as people are becoming more aware of the consequences of the toxic chemicals that are generally used in the traditional cleaning products. Car care product manufacturers are also developing products that clean, protect, and beautify cars while having minimal impact on the environment. They are increasing their customer base by highlighting the use of their eco-friendly products and equipment. Environmentally friendly car wash soap is made from sustainable materials and is often biodegradable. Further, there is also a high demand for organic car air fresheners over harmful chemical-based air fresheners. Organic car air fresheners contain essential oil, which emits a relaxing and soothing fragrance. Therefore, the surge in the use of eco-friendly car care products is expected to emerge as a key trend in the North America car care products market during the forecast period.

 

North America Car Care Products Market Overview

 

The US, Canada and Mexico are key economies in the North America. The region holds extensive growth opportunity for car care products market. The region is witnessing growth in car care products market due to an increase in automotive production. According to the International Organization of Motor Vehicle Manufacturers, the motor vehicle production in North America was registered to be 16.16 million units, in 2021. Rising living standards, customization of cars and disposable income are some of the key factors responsible for driving the demand of cars in the region. Moreover, the region marks a presence of some major automotive companies, namely, The General Motors Company, Ford Motor Company, Stellantis NV, and Tesla Inc. The major manufacturers in the car industry are increasing investments in the region for expansion of production capabilities, promotion of novel technologies, automotive research, design, manufacturing and assembly. According to report by the American Automotive Policy Council, the car sales are expected to exceed 17.7 million vehicles per year in 2025. Furthermore, the rise in awareness of car detailing and availability of sufficient online training material regarding car care has boosted the demand for car care products. Therefore, these key factors are responsible for driving the North America car care products market during the forecast period.

 

North America Car Care Products Market Revenue and Forecast to 2028 (US$ Million)

North America Car Care Products Market Revenue and Forecast to 2028 (US$ Million)
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North America Car Care Products Strategic Insights

Strategic insights for the North America Car Care Products provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

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North America Car Care Products Report Scope

Report Attribute Details
Market size in 2022 US$ 722.64 Million
Market Size by 2028 US$ 942.01 Million
Global CAGR (2022 - 2028) 4.5%
Historical Data 2020-2021
Forecast period 2023-2028
Segments Covered By Products
  • Cleaning Products
  • Polishing and Waxing Products
  • Fresheners
By Application
  • Interior
  • Exterior
By Distribution Channel
  • Supermarkets and Hypermarkets
  • Specialty Stores
  • Online Retail
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Market leaders and key company profiles
  • 3M Co
  • Adolf Wurth GmbH & Co KG
  • Pidilite Industries Ltd
  • Shell Plc
  • SONAX GmbH
  • Tetrosyl Ltd
  • Turtle Wax Inc
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    North America Car Care Products Regional Insights

    The geographic scope of the North America Car Care Products refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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    North America Car Care Products Market Segmentation

     

    The North America car care products market is segmented into products, application, distribution channel, and country.

     

    Based on products, the North America car care products market is segmented into cleaning products, polishing and waxing products, fresheners, and others. In 2022, the fresheners segment registered a largest share in the North America car care products market.

     

    Based on application, the North America car care products market is bifurcated into interior and exterior. In 2022, the interior segment registered a larger share in the North America car care products market.

     

    Based on distribution channel, the North America car care products market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. In 2022, the online retail segment registered a largest share in the North America car care products market.

     

    Based on country, the North America car care products market is segmented into the US, Canada, and Mexico. In 2022, the US segment registered a largest share in the North America car care products market.

     

    3M Co; Adolf Wurth GmbH & Co KG; Pidilite Industries Ltd; Shell Plc; SONAX GmbH; Tetrosyl Ltd; and Turtle Wax Inc are the leading companies operating in the North America car care products market.

    The List of Companies - North America Car Care Products Market

    1. 3M Co
    2. Adolf Wurth GmbH & Co KG
    3. Pidilite Industries Ltd
    4. Shell Plc
    5. SONAX GmbH
    6. Tetrosyl Ltd
    7. Turtle Wax Inc
    Frequently Asked Questions
    How big is the North America Car Care Products Market?

    The North America Car Care Products Market is valued at US$ 722.64 Million in 2022, it is projected to reach US$ 942.01 Million by 2028.

    What is the CAGR for North America Car Care Products Market by (2022 - 2028)?

    As per our report North America Car Care Products Market, the market size is valued at US$ 722.64 Million in 2022, projecting it to reach US$ 942.01 Million by 2028. This translates to a CAGR of approximately 4.5% during the forecast period.

    What segments are covered in this report?

    The North America Car Care Products Market report typically cover these key segments-

    • Products (Cleaning Products, Polishing and Waxing Products, Fresheners)
    • Application (Interior, Exterior)
    • Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail)

    What is the historic period, base year, and forecast period taken for North America Car Care Products Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Car Care Products Market report:

  • Historic Period : 2020-2021
  • Base Year : 2022
  • Forecast Period : 2023-2028
  • Who are the major players in North America Car Care Products Market?

    The North America Car Care Products Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • 3M Co
  • Adolf Wurth GmbH & Co KG
  • Pidilite Industries Ltd
  • Shell Plc
  • SONAX GmbH
  • Tetrosyl Ltd
  • Turtle Wax Inc
  • Who should buy this report?

    The North America Car Care Products Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the North America Car Care Products Market value chain can benefit from the information contained in a comprehensive market report.