Rising consumer awareness about car maintenance, notes ResearchAndMarkets
The Indian car care products market is expected to grow at a CAGR of 8.5% from 2021 to 2028, reaching US$ 132.7 million. It was worth US$74.9 million in 2022, says a ResearchAndMarkets report.
Rising consumer awareness about car maintenance and a surge in disposable income are expected to boost other segment expansions in the near future, said the report “India Car Care Products Market Forecast to 2028” which was released on 26 Jan 2023.
“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,” said the report.
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.
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.
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.
The report featured; 3M, Shell plc, Miracle, Auto Bros, Pidilite Industries, Limited, Twin Tech India Pvt Ltd, Clensta International, Green Duck Industries, Wavex and Kangaroo Auto Care. fiinews.com
