India Car Care Products Market Forecast to 2028

India Car Care Products Market Forecast to 2028 - COVID-19 Impact and Country Analysis By Products (Cleaning Products, Polishing and Waxing Products, Fresheners, and Others), Application (Interior, Exterior), and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others)

Report Code : TIPRE00028973 | Region : Asia-Pacific | Industry : Consumer Goods | Published Date : 18/May/2022

The India car care products market is expected to grow from US$ 74.9 million in 2022 to US$ 132.7 million by 2028. It is estimated to reach a CAGR of 10.7% from 2021 to 2028.

Car care products include car cleaning shampoo, car wax, car polishing products, car fresheners, and microfiber cleaning cloth. Car cleaning products such as car shampoos are being widely used due to the increased availability of car cleaning tools such as foaming accessories. Fresheners are one of the most popular products in the car care products market as the product is widely available and easily accessible even in the most remote areas. Car fresheners are economical and provide a pleasant aroma which has led to high demand for the product. Microfiber towels and gloves can be used for various applications, including car, home, kitchen, and furniture cleaning. Further, rising consumer awareness about car maintenance and a surge in disposable income are expected to boost other segment expansions in the near future. Improved automobile appearance and better vehicle performance are important factors responsible for the growing significance of vehicle maintenance in recent years. The increase in demand for products, such as microfiber cloths and gloves, is anticipated to drive the segment's growth during the forecast period.

Based on application, the India car care products market is segmented into interior and exterior. In 2020, the interior segment accounted for the largest revenue share. For interior cleaning, various products, such as foam, rubbing alcohol, shampoo, and slime, are used for a car's interior, including seats, carpets, and roof liners. Manufacturers have introduced various innovative products, such as slime gel, to clean a car's interior and electronic appliances. Car cleaning chemicals enable the deep cleaning of interiors by streaking out dirt, residues, and grime that gather on the interior body's surfaces without affecting the texture of the interior material. Manufacturers provide biodegradable waterless car wash and eco-friendly car care products to reduce the environmental impact. The growing awareness among vehicle owners about the need for interior care is projected to fuel the segment's growth over the forecast period.

Exterior car care products generally involve clay bar and car shampoo to remove the dust and hard pollutants. Exterior plastic and rubber pieces, such as side mirrors and door sills, must be maintained appropriately to avoid getting dirty. Exterior cleaning includes preventing body trim care components from becoming worn, damaged, and dirty, which downgrade the car's appearance and may interfere with proper vehicle operation. Wheels and tires are the dirtiest parts of a car and are prone to get damaged by dust, mud, dirt, and ice. These wheels and tires are cleaned using a wash detergent solution, and large deposits on wheels are occasionally removed with a specific cleaner. Polishing and waxing car care products restore a car's appearance and prevent brake dust from clinging to the wheel's surface.

A few of the key players operating in the India car care products market are 3M; Shell plc; Miracle; Auto Bros; Pidilite Industries Limited; Twin Tech India Pvt Ltd.; Clensta International; Wavex; and Kangaroo Auto Care. Players operating in the market are highly focused on developing high-quality and innovative product offerings to fulfill customers' requirements.

The overall India car care products market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants, such as valuation experts, research analysts, and key opinion leaders, specializing in the India car care products market.

Surge in E-Commerce Distribution Channel Increases Car Care Products Market Growth

According to our latest market study, titled "India Car Care Products Market Forecast to 2028 – COVID-19 Impact and Analysis – by Products, Application, and Distribution Channel,” the market is expected to grow from US$ 74.9 million in 2022 to US$ 137.2 million by 2028. It is expected to rise at a CAGR of 10.0% from 2021 to 2028. The report highlights key factors driving the India car care products market growth and prominent players and their progress in the market.

The India car care produucts market is growing at a high pace due to rapidly increasing automotive sales across the country. Moreover, the rise in disposable income, especially post the outbreak of COVID-19 has favored the market as many consumers directed their expenditure towards hobbies in quarantine period as of 2020. Additionally, the social media trends including influencers pertaining to automotive market are expected to aid the market as increasing number of consumers are turning towards car care on a personal level instead of opting for service centers for the same. The introduction of innovative products, such as foaming brushes in car cleaning products, are further pushing the demand for car care products driving the India car care products market.

Interior and exterior are two prominent applications of car care products which includes products such as car shampoo, car waxes, fresheners, and microfiber cleaning cloths among others. Interior products hold a larger market share as products such as fresheners are widely available in supermarkets and hypermarkets as well as many convenience stores in remote areas. The easy accessibility and price point of fresheners have made them one of the most popular car care products in the market. Moreover, the growing sales of luxury cars have also played a major role in the growing demand of car care products as many consumers of luxury cars have a penchant for upgrading and maintaining the vehicle by themselves as a hobby. Therefore, the growing number of luxuxry car owners with a liking towards vehicle maintainence have benefitted the growing car care products market.

The India car care products market is largely fragmented, with many domestic players competing. The market presents lucrative growth opportunities due to the rising automotive sales in the country coupled with a surge in disposable income of consumers that has led to an increase in expenditure on expensive car care products.

The rise in social media trends for automotive care and increased consumer interest for the same is also favoring the market. This has led to the introduction of varied and innovative car care products in India, which, in turn, has been beneficial for the overall market.

The outbreak of COVID-19 has fueled the popularity of online car care products sales and e-commerce retail sales. The digital economy has experienced the most growth in India, where internet sales increased from around one in five transactions.

With rising per capita income, inclination toward a better standard of living is influencing the scope of online shopping, which is playing a major role in developing e-commerce platforms, such as Amazon, Flipkart, Walmart, and many more. This factor is contributing to and influencing the e-commerce distribution channel. In addition to this, the integration of advanced technologies, such as AI in e-commerce platforms, is expected to provide ample growth opportunities for the India car care products market during the forecast period.

3M; Shell plc; Miracle; Auto Bros; Pidilite Industries Limited; Twin Tech India Pvt Ltd.; Clensta International; Wavex; Kangaroo Auto Care.; are the key players constituting the majority of the India car care products market.

Impact of COVID-19 Pandemic on India Car Care Products Market

Before the COVID-19 pandemic, the retail & commercial car care products demand was mainly driven by the automotive industry. The pandemic restricted auto car care products shops, service centers, and garages, which affected their usage. But simultaneously, the increasing utilization of e-commerce distribution channels by car care product manufacturers positively impacted the demand for car care products. The lockdowns and social distancing initiatives also stopped people from visiting these shops to buy car care products. Since then, these products have seen a rise in sales on various e-commerce distribution channel sites.

The "India Car Care Products Market Analysis to 2028" is a specialized and in-depth study of the consumer goods industry, focusing on the India car care products market analysis. The report aims to provide an overview of the market with detailed market segmentation. The market is analyzed on the basis of product type and application. Based on products, the market is bifurcated into cleaning products, polishing and waxing products, fresheners, and others. In terms of application, the market is segmented into interior and exterior. Based on distribution channel, the market is classified into supermarkets and hypermarkets, specialty stores, online retail, and others.

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study

3.2 Research Methodology

3.2.1 Data Collection

3.2.2 Primary Interviews

3.2.3 Hypothesis Formulation

3.2.4 Macro-economic Factor Analysis

3.2.5 Developing Base Number

3.2.6 Data Triangulation

3.2.7 Country-Level Data

3.2.8 Limitations and Assumptions

4. India Car Care Products Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.3 Expert Opinions

4.4 List of Distributors

5. India Car Care Products Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Increasing Customer Inclination Toward Car Care

5.1.2 Growth of E-Commerce Distribution Channel

5.2 Market Restraints

5.2.1 Increasing Utilization of Commercial Car Care Services

5.3 Market Opportunities

5.3.1 Increasing Sales of Passenger Vehicles in India

5.4 Future Trends

5.4.1 Product Innovation

5.5 Impact Analysis of Drivers and Restraints

6. India Car Care Products Market– Analysis

6.1 India Market Overview

6.2 India Car Care Products Market –Revenue and Forecast To 2028 (US$ Million)

6.3 Competitive Positioning: Key Market Players

7. India Car Care Products Market Analysis – by Products

7.1 Overview

7.2 India Car Care Products Market, by Products (2021 and 2028)

7.3 Cleaning Products

7.3.1 Overview

7.3.2 Cleaning Products: Car Care Products Market – Revenue and Forecast to 2028 (US$ Million)

7.4 Polishing and Waxing Products

7.4.1 Overview

7.4.2 Polishing and Waxing Products: Car Care Products Market – Revenue and Forecast to 2028 (US$ Million)

7.5 Fresheners

7.5.1 Overview

7.5.2 Fresheners: Car Care Products Market – Revenue and Forecast to 2028 (US$ Million)

7.6 Others

7.6.1 Overview

7.6.2 Others: Car Care Products Market – Revenue and Forecast to 2028 (US$ Million)

8. India Car Care Products Market Analysis – by Application

8.1 Overview

8.2 India Car Care Products Market, by Application (2021 and 2028)

8.3 Interior

8.3.1 Overview

8.3.2 Interior: Car Care Products Market – Revenue and Forecast to 2028 (US$ Million)

8.4 Exterior

8.4.1 Overview

8.4.2 Exterior: Car Care Products Market – Revenue and Forecast To 2028 (US$ Million)

9. India Car Care Products Market Analysis – by Distribution Channel

9.1 Overview

9.2 India Car Care Products Market, by Distribution Channel (2021 and 2028)

9.3 Supermarkets and Hypermarkets

9.3.1 Overview

9.3.2 Interior: Car Care Products Market – Revenue and Forecast to 2028 (US$ Million)

9.4 Specialty Stores

9.4.1 Overview

9.4.2 Specialty Stores: Car Care Products Market – Revenue and Forecast To 2028 (US$ Million)

9.5 Online Retail

9.5.1 Overview

9.5.2 Online Retail: Car Care Products Market – Revenue and Forecast To 2028 (US$ Million)

9.6 Others

9.6.1 Overview

9.6.2 Others: Car Care Products Market – Revenue and Forecast To 2028 (US$ Million)

10. Impact of COVID-19 Pandemic on India Car Care Products Market

10.1 Overview

10.2 Impact of COVID-19 on Car Care Products Market

10.3 India: Impact Assessment of COVID-19 Pandemic

11. Company Profiles

11.1 3M

11.1.1 Key Facts

11.1.2 Business Description

11.1.3 Products and Services

11.1.4 Financial Overview

11.1.5 SWOT Analysis

11.1.6 Key Developments

11.2 Shell Plc

11.2.1 Key Facts

11.2.2 Business Description

11.2.3 Products and Services

11.2.4 Financial Overview

11.2.5 SWOT Analysis

11.2.6 Key Developments

11.3 Miracle

11.3.1 Key Facts

11.3.2 Business Description

11.3.3 Products and Services

11.3.4 Financial Overview

11.3.5 SWOT Analysis

11.3.6 Key Developments

11.4 Auto Bros

11.4.1 Key Facts

11.4.2 Business Description

11.4.3 Products and Services

11.4.4 Financial Overview

11.4.5 SWOT Analysis

11.4.6 Key Developments

11.5 Pidilite Industries Limited

11.5.1 Key Facts

11.5.2 Business Description

11.5.3 Products and Services

11.5.4 Financial Overview

11.5.5 SWOT Analysis

11.5.6 Key Developments

11.6 Twin Tech India Pvt. Ltd.

11.6.1 Key Facts

11.6.2 Business Description

11.6.3 Products and Services

11.6.4 Financial Overview

11.6.5 SWOT Analysis

11.6.6 Key Developments

11.7 Clensta International

11.7.1 Key Facts

11.7.2 Business Description

11.7.3 Products and Services

11.7.4 Financial Overview

11.7.5 SWOT Analysis

11.7.6 Key Developments

11.8 Green Duck Industries

11.8.1 Key Facts

11.8.2 Business Description

11.8.3 Products and Services

11.8.4 Financial Overview

11.8.5 SWOT Analysis

11.8.6 Key Developments

11.9 Wavex

11.9.1 Key Facts

11.9.2 Business Description

11.9.3 Products and Services

11.9.4 Financial Overview

11.9.5 SWOT Analysis

11.9.6 Key Developments

11.10 Kangaroo Auto Care

11.10.1 Key Facts

11.10.2 Business Description

11.10.3 Products and Services

11.10.4 Financial Overview

11.10.5 SWOT Analysis

11.10.6 Key Developments

12. Appendix

LIST OF TABLES.

Table 1. India Car Care Products Market –Revenue and Forecast To 2028 (US$ Million)

Table 2. List of Abbreviation

LIST OF FIGURES.

Figure 1. India Car Care Products Market Segmentation

Figure 2. India Car Care Products Market Overview

Figure 3. India Car Care Products Market, By Application

Figure 4. India Car Care Products Market, Key Market Players

Figure 5. PEST Analysis

Figure 6. Expert Opinions

Figure 7. India Car Care Products Market Impact Analysis of Drivers and Restraints

Figure 8. India: Car Care Products Market – Revenue and Forecast To 2028 (US$ Million)

Figure 9. India Car Care Products Market Revenue Share, by Products (2021 and 2028)

Figure 10. Cleaning Products: Car Care Products Market – Revenue and Forecast to 2028 (US$ Million)

Figure 11. Polishing and waxing products: Car Care Products Market – Revenue and Forecast to 2028 (US$ Million)

Figure 12. Fresheners: Car Care Products Market – Revenue and Forecast to 2028 (US$ Million)

Figure 13. Others: Car Care Products Market – Revenue and Forecast to 2028 (US$ Million)

Figure 14. India Car Care Products Market Revenue Share, by Application (2021 and 2028)

Figure 15. Interior: Car Care Products Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16. Exterior: Car Care Products Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17. India Car Care Products Market Revenue Share, by Distribution Channel (2021 and 2028)

Figure 18. Supermarkets and Hypermarkets: Car Care Products Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19. Specialty Stores: Car Care Products Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20. Online Retail: Car Care Products Market – Revenue and Forecast to 2028 (US$ Million)

Figure 21. Others: Car Care Products Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22. Impact of COVID-19 Pandemic in India

List of Companies

1. 3M

2. Shell plc

3. Miracle

4. Auto Bros

5. Pidilite Industries Limited

6. Twin Tech India Pvt. Ltd.

7. Clensta International

8. Green Duck Industries

9. Wavex

10. Kangaroo Auto Care

• Highlights key business priorities to assist companies realign their business strategies.

• Features key findings and crucial progressive industry trends in the India car care products market, thereby allowing players to develop effective long-term strategies.

• Develops/modifies business expansion plans by using substantial growth offering from developed and emerging markets.

• Scrutinizes in-depth market trends as well as key market drivers and restraints.

• Enhances the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.

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