UK automotive cleaner & degreaser market to gain sizeable returns by 2024, escalating demand for road traffic safety to augment the industry expansion
Publisher : Fractovia | Published Date : 2019-02-26Request Sample
The global automotive cleaner & degreaser market is anticipated to receive a commendable boost from the rising focus toward vehicle maintenance to improve engine life and performance and reduce emissions. These products are ideal for removing engine contaminants such as oil, dirt, grease, grime, burnt-on carbon, and heavy lubricants prior to oil change that improves fuel efficiency and performance, further offering good resale value. Attractive prices and discounts offered by online e-commerce platforms have also propelled the automotive cleaner & degreaser market growth in the recent years.
Automotive Part Cleaners & Degreasers Market Size, By Cleaners, 2017 & 2024, (Million Gallons)
Automotive cleaners often contain various toxic solvents, additives and powders that are carcinogenic in nature and possess high health-associated risks for auto service workers or customers. Cleaners also contain corrosive alkalis and acids and have low flash-points which can cause severe damage to vehicle surfaces, create burn risks for workers and have adverse environmental effects. This can potentially be avoided by shifting toward water-based cleaners which offer a low-risk alternative to traditional cleaners while simultaneously ensuring efficient removal of a wide range of contaminants. The growing demand for sustainable and environment-friendly water-based products will thus majorly augment the overall automotive cleaner & degreaser market growth.
Engine flush cleaner market is anticipated to witness commendable gains by 2024
Today’s high-performance vehicle engines require clean, uncontaminated and uninhibited motor oil for smoother operation. However, with time, engines irrefutably develop deposits such as gums, varnishes and sludge due to conditions like high temperatures, pressures, fuel dilution and combustion gasses, making it essential for service stations to use engine flush oil for rectifying the issue. The product efficiently removes performance affecting deposits from engines offering a much-improved driving experience and fuel economy to vehicle owners.
The growing focus towards vehicle maintenance and emission, particularly in strict, emission conscious countries like the UK where vehicles need to pass mandatory MOT tests to meet legal standards, will boost the use of engine flush oils. The U.S. is also known to be rather stringent regarding the deployment of these products, that would majorly push U.S. automotive cleaner & degreaser industry from engine flush cleaners. In fact, since these products increase the longevity and efficiency of the engine, U.S. automotive cleaner & degreaser market size from engine flush cleaners is slated to register a CAGR of 2.5% over 2018-2024.
The expanding truck freight sector of the U.S. is another major driving force for the regional automotive cleaner & degreaser market. Indeed, the U.S. trucking industry is tagged to be the lifeblood of the country’s economy. According to the U.S. Bureau of Labor Statistics, the trucking industry is anticipated to offer over 1.7 million jobs to the country. With long distance deliveries, it becomes essential for drivers to maintain engine conditions to avoid unwanted breakdowns especially in remote locations and avoid delivery delays. The rising number of truck sales thus indicate that the U.S. is a thriving market for the automotive cleaner & degreaser industry. The NADA (National Automobile Dealers Association) even estimates that sales of new cars and light trucks in the U.S. will increase to 16.8 million in 2019, providing further growth prospects for the expansion of the regional industry.
Another region that has been touted to emerge lucrative for the global market is the United Kingdom. As a matter of fact, UK automotive cleaner & degreaser market size from light commercial vehicles was pegged at USD 28.5 million in 2017. These vehicles are suitably designed to offer convenient modification as required, and have been observing an escalating demand on account of the robust road infrastructure expansion. The UK automotive cleaner & degreaser industry is also expected to gain traction from the massive investments in R&D programs undertaken to enhance engine performance and improve vehicle lifespan.
With a rising number of road fatalities mainly associated with brake failure or inefficient braking, it becomes essential for vehicle owners to periodically use brake cleaners to ensure enhanced safety and driving confidence. The product quickly and safely removes fluid, oil, grease and other contaminants from brake and clutch parts, further offering an improved brake life and performance. Indeed, the product has become essential for heavy load truck drivers as it has become increasingly difficult to stop a vehicle on highways with poorly maintained brakes.
As per a study by the U.S. Department of Transportation’s Federal Motor Carrier Safety Administration (FMCSA) and NHTSA (National Highway Traffic Safety Administration), around 29.4% of all large truck accidents involved poor brakes that were out of adjustment or had other brake-related issues. This would undeniably boost the demand for brake cleaners, augmenting the commercialization landscape of the automotive cleaner & degreaser industry.
Automotive cleaner & degreaser, designed for maintaining the durability, performance and efficiency of vehicle parts, are known to significantly improve a vehicle’s driving experience, fuel efficiency as well as reduce emission. With a rising number of auto sales, customers are increasingly focusing on maintenance to increase engine life and gain good value on sale. According to a new research report from Global Market Insights, Inc. the automotive cleaner & degreaser industry size is anticipated to surpass USD 47.5 billion by 2024.
