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Asia Pacific Car Care Products Market Revenue to Surpass USD 4.4 Billion by 2027

Author : Ronak Bora | Published Date : 2021-09-07 

Asia Pacific car care products market outlook is packed with all sorts of customers—collectors, enthusiasts, and average car owners—who deem it necessary to clean their cars regularly. If kitchen soap or hair shampoo is used to clean cars, bird droppings, tree sap, mud, and pollen can be very difficult to deal with. Car care products such as car washes, for instance, are pH-neutral formulas that are 100% safe and effective for all exterior parts of cars.

Several car owners prefer professional car cleaning services due to the promise of a higher resale value attached to this approach. Services including detailing and polishing ensure that the car appears as good as new even after several years of use. Even so, the COVID-19 pandemic has made car owners more independent, as they are taking up manual car maintenance responsibilities to cut down on service costs. Asia Pacific car care products market outlook is likely to thrive across the Do-It-Yourself segment due to this trend.

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Some leading car care product brands in Asia Pacific include Green Duck, Ningbo Shinsan Cleaning Products Co., 3M, Jangra, Refract, Carchem, Miracle Systems, Hikari, Sensha, and Guangzhou Veslee, among others.

By 2027, Asia Pacific car care products market size is anticipated to exceed $4.4. billion, powered by the growing volume of passenger car production in the emerging markets. The following four trends are likely to facilitate industry expansion between 2021 and 2027:

Efficiency of car wax & cleaning products

The wax and cleaning products held over 70% of the car care products market share in APAC in 2020. The wax & cleaning segment consists of car polish, car wax, car shampoo, and car soap, among other products. These products are essential for routine cleaning of cars. Over the years, a car might need a clear coat and polish to revive its splendor.

Ceramic car wax can be instrumental in protecting against environmental factors, at the same time providing a deep shine to the vehicle. Both liquid and paste formulations of new ceramic car wax products are used by car owners and car cleaning service providers in Asia. By 2027, when on-road electric cars will have multiplied, Asia Pacific car care products market share from wax & cleaning products is projected to reach $3.4 billion.

A flurry of demand across online platforms

The COVID-19 pandemic has changed the dynamics of Asia Pacific car care products market trends over the past year. Due to the pandemic-driven restrictions on mobility, customer visits across brick-and-mortar stores dropped significantly during the lockdown. In terms of distribution, the industry share from the online segment in Asia Pacific is poised to expand at a 3.8% CAGR through the next six years.

Numerous car care product brands in India, China, Singapore, Japan, Indonesia, and Malaysia are tapping the potential of social media to sustain in the market. They are wielding the weapon of digital marketing through e-mail campaigns, Instagram posts, discounts, and offers to foster their relationship with clients. With the emergence of new online sales apps and websites, Asia Pacific car care products market forecast is evidently transforming.

Anticipated entrance of new industry players

Asia Pacific car care products market forecast is attracting interests from international manufacturers. Several American and European car care product companies are foraying into the Asian markets, lured by the favorable response for high-quality car products & services.

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For instance, in June 2020, Turtle Wax, an American aftermarket automotive care product provider, entered the Indian car care products market amidst the pandemic. Turtle Wax India aims to leverage the brand equity of well-established regional detailers to gain a stronger foothold in the country.

Table of Contents (ToC) of the report:

Chapter 1   Methodology & Scope

1.1    Research Methodology

1.2    Market estimation & forecast parameters

1.3    List of Data sources

1.3.1    Primary

1.3.2    Secondary

Chapter 2   Executive Summary

2.1    Asia Pacific Car Care Products market snapshot

Chapter 3   Asia Pacific Car Care Products Industry Insights

3.1    Industry coverage

3.2    Industry size and forecast, 2017 – 2027

3.3    Industry ecosystem analysis

3.3.1    Vendor matrix

3.4    Future trends

3.4.1    Innovation Landscape

3.5    Raw material analysis

3.6    Regulatory norms & directives

3.7    Drivers & restraints

3.7.1    Drivers

3.7.2    Restraints

3.8    Application growth mapping

3.9    Industry analysis: Porter’s

3.10    Competitive benchmarking

3.10.1    Strategy dashboard

3.11    PEST analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.graphicalresearch.com/table-of-content/1713/asia-pacific-car-care-product-market

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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