Report Description
The automotive beauty market size was valued at USD 12.02 Billion in 2022 and is likely to reach USD 18.49 Billion by 2031, expanding at a CAGR of 4.9% during 2023 – 2031.The growth of the market is attributed to the increase in sale of new vehicles, rise in consumer awareness regarding vehicle maintenance, advancements in car wash technology, growth in vehicle production, and rise in the disposable income of consumers.
Automotive beauty refers to the technology and beauty care products used for an automotive to maintain it. Products used in the automotive beauty market offers the utmost care to every part of the vehicle. For instance, exterior surface cleaners assist to get rid of road grime, dirt, and dust. Moreover, specialized cleaners are utilized for removing tar and grease. Automotive beauty improves the aesthetic quality of cars, prevents unwanted accidents, and improves vehicle longevity, which in turn, boosts its resale value.
Market Trends, Drivers, Restraints, and Opportunities
-
Increase in vehicle production and rise in the sale of premium vehicles are expected to boost the global automotive beauty market during the forecast period.
-
Growth in standard of living and purchasing power of consumers is projected to drive the market.
-
Automotive beauty treatments and products protect vehicles from the environment and improve the original quality and longevity of the vehicles, which in turn, improves their resale value. Automobile aging and diminishing trend towards vehicle replacement is projected to boost the market growth during the forecast period.
-
High costs associated with automotive beauty products restrain the market growth.
-
People in developing and underdeveloped countries are less expected to invest in automotive beauty products due to the lack of purchasing power and awareness, which in turn, is expected to impede the market.
-
Over use of beautification products and treatments can harm the exterior of the vehicle. Moreover, pressure washers on the exteriors can cause dents. These factors are projected to have a hamper the automotive beauty market.
-
Chemicals utilized in automotive beauty products are hazardous to the nature. Hence, governments have implemented policies, thus reducing the demand and supply of automotive beauty products.
-
Bio-based automotive beauty products, such as soaps and detergents, are the recent trend that has shaped the manufacturers product development procedures. Their inexpensive price and ease of use are expected to create opportunities in the market during the forecast period.
-
Rapid growth of the automotive industry in the developing countries is expected to offer numerous opportunities for the market players to develop their product portfolios and reach during the forecast period.
Scope of Automotive Beauty Market Report
The report on automotive beauty market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
Attributes
|
Details
|
Report Title
|
Automotive Beauty Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
|
Base Year
|
2022
|
Historic Data
|
2016 & 2021
|
Forecast Period
|
2023–2031
|
Segmentation
|
Types (Cleaning and Caring, Polishing and Waxing, Sealing Glaze and Coating, Interior Maintenance, and Others), Applications (4S Stores, Auto Beauty Shops, Personal Use, and Others)
|
Regional Scope
|
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
|
Report Coverage
|
Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast
|
Key Players Covered in the Report
|
Turtle Wax, Inc., Tetrosyl Ltd., Swissvax USA LLC, Sonax USA, SOFT99 corporation, Simoniz USA, Rainbow Auto Service and Sales, Pit Stop Auto Care, LIQUI MOLY, Jewelultra, Guangzhou Botny Chemical Co., Ltd. ,Granitize, Cougar Chemical, Collinite, CHIEF CAR CARE, Cartec B.V, Brookside Import Specialties, Autoglym, Auto Magic, and 3M
|
Automotive Beauty Market Segment Insights
Based on types, the automotive beauty market can be divided into cleaning and caring, polishing and waxing, sealing glaze and coating, interior maintenance, and others. The cleaning and caring segment is projected to dominate the market during the forecast period owing to the increasing demand for waterless dry car wash, rising environmental concerns, and the ease of accessibility the products offer. The interior maintenance segment is projected to grow at a substantial pace during the forecast period owing to increasing demand for maintaining the interior of the vehicles.
Polishing and waxing products remove residue, grime, and dirt, while providing a smooth texture to the interior materials.
In terms of applications, the market can be segregated into 4S stores, auto beauty shops, personal use, and others. The 4S store segment is projected to dominate the global automotive beauty market during the forecast period. 4S stands for service, sales, spare parts, and surveys. A 4S store is a one stop shop solution for automotive beauty of vehicles.
On the basis of regions, the global automotive beauty market can be classified as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to dominate the global automotive market during the forecast period owing to the presence of leading vehicle manufacturers and resource availability and skilled workforce in the region. Additionally, increase in per capita income and rise in the demand for automotive beauty products owing to rise in premium car sales is expected to drive the market in Asia Pacific.
Segments
By Types
- Cleaning and Caring
- Polishing and Waxing
- Sealing Glaze and Coating
- Interior Maintenance
- Other
By Applications
- 4S Stores
- Auto Beauty Shops
- Personal Use
- Other
By Regions
- North America
- Europe
- Latin America
- Asia Pacific
- Middle East & Africa
Key Players
- Turtle Wax Inc.
- Tetrosyl Ltd.
- Swissvax USA LLC
- Sonax USA
- SOFT99 corporation
- Simoniz USA
- Rainbow Auto Service and Sales
- Pit Stop Auto Care
- LIQUI MOLY
- Jewelultra
- Guangzhou Botny Chemical Co.
- Ltd.
- Granitize
- Cougar Chemical
- Collinite
- CHIEF CAR CARE
- Cartec B.V
- Brookside Import Specialties
- Autoglym
- Auto Magic
- 3M
Competitive Landscape
Key players in the global automotive beauty market include Turtle Wax, Inc., Tetrosyl Ltd., Swissvax USA LLC, Sonax USA, SOFT99 corporation, Simoniz USA, Rainbow Auto Service and Sales, Pit Stop Auto Care, LIQUI MOLY, Jewelultra, Guangzhou Botny Chemical Co., Ltd. ,Granitize, Cougar Chemical, Collinite, CHIEF CAR CARE, Cartec B.V, Brookside Import Specialties, Autoglym, Auto Magic, and 3M. These players are engaged in strategies such as product launches, acquisitions, contracts and agreements, and partnerships to maintain their position in the market.
3M is the prominent player in the global automotive beauty market. It has a varied portfolio and is one of the oldest market players. The company has a presence globally through its strong network and concentrated in all the market segments.
Table Of Content
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Automotive Beauty Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Automotive Beauty Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Automotive Beauty Market - Supply Chain
4.5. Global Automotive Beauty Market Forecast
4.5.1. Automotive Beauty Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Automotive Beauty Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Automotive Beauty Market Absolute $ Opportunity
5. Global Automotive Beauty Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Automotive Beauty Market Size and Volume Forecast by Types
5.3.1. Cleaning and Caring
5.3.2.
Polishing and Waxing
5.3.3.
Sealing Glaze and Coating
5.3.4.
Interior Maintenance
5.3.5.
Other
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Automotive Beauty Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Automotive Beauty Market Size and Volume Forecast by Applications
6.3.1. 4S Stores
6.3.2.
Auto Beauty Shops
6.3.3.
Personal Use
6.3.4.
Other
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Automotive Beauty Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Automotive Beauty Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Automotive Beauty Demand Share Forecast, 2019-2026
8. North America Automotive Beauty Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Automotive Beauty Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Automotive Beauty Market Size and Volume Forecast by Types
8.4.1. Cleaning and Caring
8.4.2.
Polishing and Waxing
8.4.3.
Sealing Glaze and Coating
8.4.4.
Interior Maintenance
8.4.5.
Other
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Automotive Beauty Market Size and Volume Forecast by Applications
8.7.1. 4S Stores
8.7.2.
Auto Beauty Shops
8.7.3.
Personal Use
8.7.4.
Other
8.8. Basis Point Share (BPS) Analysis by Applications
8.9. Y-o-Y Growth Projections by Applications
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Automotive Beauty Demand Share Forecast, 2019-2026
9. Latin America Automotive Beauty Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Automotive Beauty Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Automotive Beauty Market Size and Volume Forecast by Types
9.4.1. Cleaning and Caring
9.4.2.
Polishing and Waxing
9.4.3.
Sealing Glaze and Coating
9.4.4.
Interior Maintenance
9.4.5.
Other
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Automotive Beauty Market Size and Volume Forecast by Applications
9.7.1. 4S Stores
9.7.2.
Auto Beauty Shops
9.7.3.
Personal Use
9.7.4.
Other
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Automotive Beauty Demand Share Forecast, 2019-2026
10. Europe Automotive Beauty Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Automotive Beauty Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Automotive Beauty Market Size and Volume Forecast by Types
10.4.1. Cleaning and Caring
10.4.2.
Polishing and Waxing
10.4.3.
Sealing Glaze and Coating
10.4.4.
Interior Maintenance
10.4.5.
Other
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Automotive Beauty Market Size and Volume Forecast by Applications
10.7.1. 4S Stores
10.7.2.
Auto Beauty Shops
10.7.3.
Personal Use
10.7.4.
Other
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Automotive Beauty Demand Share Forecast, 2019-2026
11. Asia Pacific Automotive Beauty Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Automotive Beauty Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Automotive Beauty Market Size and Volume Forecast by Types
11.4.1. Cleaning and Caring
11.4.2.
Polishing and Waxing
11.4.3.
Sealing Glaze and Coating
11.4.4.
Interior Maintenance
11.4.5.
Other
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Automotive Beauty Market Size and Volume Forecast by Applications
11.7.1. 4S Stores
11.7.2.
Auto Beauty Shops
11.7.3.
Personal Use
11.7.4.
Other
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Automotive Beauty Demand Share Forecast, 2019-2026
12. Middle East & Africa Automotive Beauty Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Automotive Beauty Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Automotive Beauty Market Size and Volume Forecast by Types
12.4.1. Cleaning and Caring
12.4.2.
Polishing and Waxing
12.4.3.
Sealing Glaze and Coating
12.4.4.
Interior Maintenance
12.4.5.
Other
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Automotive Beauty Market Size and Volume Forecast by Applications
12.7.1. 4S Stores
12.7.2.
Auto Beauty Shops
12.7.3.
Personal Use
12.7.4.
Other
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Automotive Beauty Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Automotive Beauty Market: Market Share Analysis
13.2. Automotive Beauty Distributors and Customers
13.3. Automotive Beauty Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Turtle Wax Inc.
Tetrosyl Ltd.
Swissvax USA LLC
Sonax USA
SOFT99 corporation
Simoniz USA
Rainbow Auto Service and Sales
Pit Stop Auto Care
LIQUI MOLY
Jewelultra
Guangzhou Botny Chemical Co.
Ltd.
Granitize
Cougar Chemical
Collinite
CHIEF CAR CARE
Cartec B.V
Brookside Import Specialties
Autoglym
Auto Magic
3M