Asia Pacific Car Care Products Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Products (Cleaning Products, Polishing and Waxing Products, Fresheners, and Others), Application (Interior and Exterior), and Distribution Channel (Superma

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from $3,000	120 Pages	The Insight Partners	March, 2023	TIP17844290

Best Price Guarantee
Price	from $3,000
Length	120 Pages
Publisher	The Insight Partners
Published Date	March, 2023
SKU	TIP17844290

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

The Asia Pacific car care products market is expected to grow from US$ 2,191.48 million in 2022 to US$ 3,129.44 million by 2028. It is estimated to grow at a CAGR of 6.1% from 2022 to 2028.

Recovery in Passenger Car Sales is Driving the Asia Pacific Car Care Products Market

The sales of passenger cars have shown recovery owing to the ease of restrictions, and increased availability of semiconductor chips. According to the International Organization of Motor Vehicle Manufacturers, the global sales of passenger cars increased from 53,917,153 in 2020 to 56,398,471 in 2021. In December 2022, the passenger vehicle market in China expanded due to increased retail sales. According to the China Passenger Car Association, ~2.17 million passenger cars were sold through retail channels in December 2022, an increase of 3% year-on-year. In China, from January to December 2022, 20.54 million passenger cars were sold, a rise of 1.9% year-on-year. As per the China Passenger Car Association, a car-purchase tax cut policy has massively contributed to vehicle sales since its launch in June 2022. The policy reduced the purchase tax by 50% for passenger cars that cost under 300,000 yuan (~US$ 43,103) and engine displacement below 2 liters purchased between June 1 to December 31, 2022. According to the information released by the Ministry of Finance in September 2022, the country will extend the exemption of purchase taxes on new-energy vehicles (NEVs) for another year until the end of 2023 to support the development of the sector and boost its usage. As per the Society of Indian Automobile Manufacturers (SIAM), the sales of passenger vehicles in India increased from 2,711,457 in 2020–2021 to 3,069,499 in 2021–2022. Many people chose personal vehicle over public transport for better protection against SARS-CoV-2. Hence, the increasing number of vehicle owners is fueling the demand for car care products. Car care products are the ideal solution for dull and fading paint, fine scratches, car rust, and wax restoration. Regular usage of car care products helps preserve the car's original appearance, making it more polished and cleaner. There is a high demand for car care products for new passenger cars and used cars as these products offer various advantages such as cost efficiency, help maintain the car's appearance, and improve the resale value of the car. Hence, the recovery in passenger car sales after COVID-19 outbreak is creating a demand for different car care products, which is driving the Asia Pacific car care products market growth.

Asia Pacific Car Care Products Market Overview

Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific are the key contributors to the Asia Pacific car care products market. The market demand for car care products in Asia Pacific is growing along with the number of vehicles and industrialization in the region. Extensive innovation and prototyping from major automakers coupled with consumer preference are some of the factors driving the market growth. Low-cost production in the region provided an excellent opportunity for the global players to expand their operational presence in the Asia Pacific region, especially in China and India. All these factors are expected to propel the growth of the APAC car care products market in Asia Pacific region. According to the International Organization of Motor Vehicle Manufacturers, the passenger cars production in Asia Pacific increased from 35.82 million in 2020 to 38.15 million in 2021. Moreover, proliferation of automobile industry, high motorization rate, and increase in old car fleet are expected to fuel the demand for the Asia Pacific car care products market.

Asia Pacific Car Care Products Market Revenue and Forecast to 2028 (US$ Million)

Asia Pacific Car Care Products Market Segmentation

The Asia Pacific car care products market is segmented into products, application, distribution channel, and country.

Based on products, the Asia Pacific car care products market is segmented into cleaning products, polishing and waxing products, fresheners, and others. In 2022, the fresheners segment registered a largest share in the Asia Pacific car care products market.

Based on application, the Asia Pacific car care products market is bifurcated into interior and exterior. In 2022, the interior segment registered a larger share in the Asia Pacific car care products market.

Based on distribution channel, the Asia Pacific car care products market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. In 2022, specialty stores retail segment registered a largest share in the Asia Pacific car care products market.

Based on country, the Asia Pacific car care products market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. In 2022, China segment registered a largest share in the Asia Pacific car care products market.

3M Co; Adolf Wurth GmbH & Co KG; Cartec BV; Holt Lloyd International Ltd; Pidilite Industries Ltd; Shell Plc; Soft99 Corp; SONAX GmbH; Tetrosyl Ltd; and Turtle Wax Inc are the leading companies operating in the Asia Pacific car care products market.

Reasons to Buy

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific car care products market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific car care products market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the car care products market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

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:
4. Asia Pacific Car Care Products Market Landscape: 4.1 Market Overview; 4.2 PEST Analysis: Asia Pacific Car Care Products Market; 4.3 Expert Opinions
5. Asia Pacific Car Care Products Market — Key Market Dynamics: 5.1 Market Drivers; 5.1.1 Recovery in Passenger Car Sales; 5.1.2 Growing Consumer Inclination Toward Car Care; 5.2 Market Restraint; 5.2.1 Rising Preference for Commercial Car Care Services; 5.3 Market Opportunity; 5.3.1 Strong Growth of E-Commerce Distribution Channel; 5.4 Future Trend; 5.4.1 Surge in Use of Eco-Friendly Car Care Products; 5.5 Impact Analysis
6. Car Care Products – Asia Pacific Market Analysis: 6.1 Car Care Products Market Overview; 6.2 Asia Pacific Car Care Products Market –Revenue and Forecast to 2028 (US$ Million)
7. Asia Pacific Car Care Products Market Analysis – By Products: 7.1 Overview; 7.2 Asia Pacific Car Care Products Market, By Products (2021 and 2028); 7.3 Cleaning Products; 7.3.1 Overview; 7.3.2 Cleaning Products: Asia Pacific 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: Asia Pacific Car Care Products Market – Revenue and Forecast to 2028 (US$ Million); 7.5 Fresheners; 7.5.1 Overview; 7.5.2 Fresheners: Asia Pacific Car Care Products Market – Revenue and Forecast to 2028 (US$ Million); 7.6 Others; 7.6.1 Overview; 7.6.2 Others: Asia Pacific Car Care Products Market – Revenue and Forecast to 2028 (US$ Million)
8. Asia Pacific Car Care Products Market Analysis – By Application: 8.1 Overview; 8.2 Asia Pacific Car Care Products Market, By Application (2021 and 2028); 8.3 Interior; 8.3.1 Overview; 8.3.2 Interior: Asia Pacific Car Care Products Market – Revenue and Forecast to 2028 (US$ Million); 8.4 Exterior; 8.4.1 Overview; 8.4.2 Exterior: Asia Pacific Car Care Products Market – Revenue and Forecast to 2028 (US$ Million)
9. Asia Pacific Car Care Products Market Analysis – By Distribution Channel: 9.1 Overview; 9.2 Asia Pacific Car Care Products Market, By Distribution Channel (2021 and 2028); 9.3 Supermarkets and Hypermarkets; 9.3.1 Overview; 9.3.2 Supermarkets and Hypermarkets: Asia Pacific Car Care Products Market – Revenue and Forecast to 2028 (US$ Million); 9.4 Specialty Stores; 9.4.1 Overview; 9.4.2 Specialty Stores: Asia Pacific Car Care Products Market – Revenue and Forecast to 2028 (US$ Million); 9.5 Online Retail; 9.5.1 Overview; 9.5.2 Online Retail: Asia Pacific Car Care Products Market – Revenue and Forecast to 2028 (US$ Million); 9.6 Others; 9.6.1 Overview; 9.6.2 Others: Asia Pacific Car Care Products Market – Revenue and Forecast to 2028 (US$ Million)
10. Asia Pacific Car Care Products Market – Country Analysis: 10.1 Overview; 10.1.1 Asia Pacific: Car Care Products Market, by Key Country; 10.1.1.1 Australia: Car Care Products Market –Revenue and Forecast to 2028 (US$ Million); 10.1.1.1.1 Australia: Car Care Products Market, By Product; 10.1.1.1.2 Australia: Car Care Products Market, by Application; 10.1.1.1.3 Australia: Car Care Products Market, by Distribution Channel; 10.1.1.2 China: Car Care Products Market –Revenue and Forecast to 2028 (US$ Million); 10.1.1.2.1 China: Car Care Products Market, By Product; 10.1.1.2.2 China: Car Care Products Market, by Application; 10.1.1.2.3 China: Car Care Products Market, by Distribution Channel; 10.1.1.3 India: Car Care Products Market –Revenue and Forecast to 2028 (US$ Million); 10.1.1.3.1 India: Car Care Products Market, by Product; 10.1.1.3.2 India: Car Care Products Market, by Application; 10.1.1.3.3 India: Car Care Products Market, by Distribution Channel; 10.1.1.4 Japan: Car Care Products Market –Revenue and Forecast to 2028 (US$ Million); 10.1.1.4.1 Japan: Car Care Products Market, By Product; 10.1.1.4.2 Japan: Car Care Products Market, by Application; 10.1.1.4.3 Japan: Car Care Products Market, by Distribution Channel; 10.1.1.5 South Korea: Car Care Products Market –Revenue and Forecast to 2028 (US$ Million); 10.1.1.5.1 South Korea: Car Care Products Market, By Product; 10.1.1.5.2 South Korea: Car Care Products Market, by Application; 10.1.1.5.3 South Korea: Car Care Products Market, by Distribution Channel; 10.1.1.6 Rest of Asia Pacific: Car Care Products Market –Revenue and Forecast to 2028 (US$ Million); 10.1.1.6.1 Rest of Asia Pacific: Car Care Products Market, By Product; 10.1.1.6.2 Rest of Asia Pacific: Car Care Products Market, by Application; 10.1.1.6.3 Rest of Asia Pacific: Car Care Products Market, by Distribution Channel
11. Industry Landscape: 11.1 Product launch; 11.2 Collaboration
12. Company Profiles: 12.1 3M Co; 12.1.1 Key Facts; 12.1.2 Business Description; 12.1.3 Products and Services; 12.1.4 Financial Overview; 12.1.5 SWOT Analysis; 12.1.6 Key Developments; 12.2 Adolf Wurth GmbH & Co KG; 12.2.1 Key Facts; 12.2.2 Business Description; 12.2.3 Products and Services; 12.2.4 Financial Overview; 12.2.5 SWOT Analysis; 12.2.6 Key Developments; 12.3 SONAX GmbH; 12.3.1 Key Facts; 12.3.2 Business Description; 12.3.3 Products and Services; 12.3.4 Financial Overview; 12.3.5 SWOT Analysis; 12.3.6 Key Developments; 12.4 Soft99 Corp; 12.4.1 Key Facts; 12.4.2 Business Description; 12.4.3 Products and Services; 12.4.4 Financial Overview; 12.4.5 SWOT Analysis; 12.4.6 Key Developments; 12.5 Shell Plc; 12.5.1 Key Facts; 12.5.2 Business Description; 12.5.3 Products and Services; 12.5.4 Financial Overview; 12.5.5 SWOT Analysis; 12.5.6 Key Developments; 12.6 Pidilite Industries Ltd; 12.6.1 Key Facts; 12.6.2 Business Description; 12.6.3 Products and Services; 12.6.4 Financial Overview; 12.6.5 SWOT Analysis; 12.6.6 Key Developments; 12.7 Holt Lloyd International Ltd; 12.7.1 Key Facts; 12.7.2 Business Description; 12.7.3 Products and Services; 12.7.4 Financial Overview; 12.7.5 SWOT Analysis; 12.7.6 Key Developments; 12.8 Tetrosyl Ltd; 12.8.1 Key Facts; 12.8.2 Business Description; 12.8.3 Products and Services; 12.8.4 Financial Overview; 12.8.5 SWOT Analysis; 12.8.6 Key Developments; 12.9 Turtle Wax Inc; 12.9.1 Key Facts; 12.9.2 Business Description; 12.9.3 Products and Services; 12.9.4 Financial Overview; 12.9.5 SWOT Analysis; 12.9.6 Key Developments; 12.10 Cartec BV; 12.10.1 Key Facts; 12.10.2 Business Description; 12.10.3 Products and Services; 12.10.4 Financial Overview; 12.10.5 SWOT Analysis; 12.10.6 Key Developments
13. Appendix: 13.1 About The Insight Partners; 13.2 Word Index
LIST OF TABLES: Table 1. Asia Pacific Car Care Products Market –Revenue and Forecast to 2028 (US$ Million); Table 2. Australia Car Care Products Market, By Product– Revenue and Forecast to 2028 (US$ Million); Table 3. Australia Car Care Products Market, by Application – Revenue and Forecast to 2028 (US$ Million); Table 4. Australia Car Care Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million); Table 5. China Car Care Products Market, By Product – Revenue and Forecast to 2028 (US$ Million); Table 6. China Car Care Products Market, by Application – Revenue and Forecast to 2028 (US$ Million); Table 7. China Car Care Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million); Table 8. India Car Care Products Market, By Product – Revenue and Forecast to 2028 (US$ Million); Table 9. India Car Care Products Market, by Application – Revenue and Forecast to 2028 (US$ Million); Table 10. India Car Care Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million); Table 11. Japan Car Care Products Market, By Product – Revenue and Forecast to 2028 (US$ Million); Table 12. Japan Car Care Products Market, by Application – Revenue and Forecast to 2028 (US$ Million); Table 13. Japan Car Care Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million); Table 14. South Korea Car Care Products Market, By Product – Revenue and Forecast to 2028 (US$ Million); Table 15. South Korea Car Care Products Market, by Application – Revenue and Forecast to 2028 (US$ Million); Table 16. South Korea Car Care Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million); Table 17. Rest of Asia Pacific Car Care Products Market, By Product – Revenue and Forecast to 2028 (US$ Million); Table 18. Rest of Asia Pacific Car Care Products Market, by Application – Revenue and Forecast to 2028 (US$ Million); Table 19. Rest of Asia Pacific Car Care Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million); Table 20. List of Abbreviation
LIST OF FIGURES
: Figure 1. Asia Pacific Car Care Products Market Segmentation; Figure 2. Asia Pacific Car Care Products Market Segmentation – By Country; Figure 3. Asia Pacific Car Care Products Market Overview; Figure 4. The Specialty Stores Segment Held the Largest Market Share in 2021; Figure 5. China Dominated the Asia Pacific car care products market in 2021; Figure 6. PEST Analysis: Asia Pacific Car Care Products Market; Figure 7. Expert Opinions; Figure 8. Asia Pacific Car Care Products Market Impact Analysis of Drivers and Restraints; Figure 9. Asia Pacific Car Care Products Market – Revenue and Forecast to 2028 (US$ Million); Figure 10. Asia Pacific Car Care Products Market Revenue Share, By Products (2021 and 2028); Figure 11. Cleaning Products: Asia Pacific Car Care Products Market – Revenue and Forecast To 2028 (US$ Million); Figure 12. Polishing and Waxing Products: Asia Pacific Car Care Products Market – Revenue and Forecast To 2028 (US$ Million); Figure 13. Fresheners: Asia Pacific Car Care Products Market – Revenue and Forecast To 2028 (US$ Million); Figure 14. Others: Asia Pacific Car Care Products Market – Revenue and Forecast To 2028 (US$ Million); Figure 15. Asia Pacific Car Care Products Market Revenue Share, By Application (2021 and 2028); Figure 16. Interior: Asia Pacific Car Care Products Market – Revenue and Forecast To 2028 (US$ Million); Figure 17. Exterior: Asia Pacific Car Care Products Market – Revenue and Forecast To 2028 (US$ Million); Figure 18. Asia Pacific Car Care Products Market Revenue Share, By Distribution Channel (2021 and 2028); Figure 19. Supermarkets and Hypermarkets: Asia Pacific Car Care Products Market – Revenue and Forecast To 2028 (US$ Million); Figure 20. Specialty Stores: Asia Pacific Car Care Products Market – Revenue and Forecast To 2028 (US$ Million); Figure 21. Online Retail: Asia Pacific Car Care Products Market – Revenue and Forecast To 2028 (US$ Million); Figure 22. Others: Asia Pacific Car Care Products Market – Revenue and Forecast To 2028 (US$ Million); Figure 23. Asia Pacific: Car Care Products Market, by Key Country (2021) (US$ Million); Figure 24. Asia Pacific: Car Care Products Market Revenue Share, by Key Country (2021 and 2028); Figure 25. Australia: Car Care Products Market –Revenue and Forecast to 2028 (US$ Million); Figure 26. China: Car Care Products Market –Revenue and Forecast to 2028 (US$ Million); Figure 27. India: Car Care Products Market –Revenue and Forecast to 2028 (US$ Million); Figure 28. Japan: Car Care Products Market –Revenue and Forecast to 2028 (US$ Million); Figure 29. South Korea: Car Care Products Market –Revenue and Forecast to 2028 (US$ Million); Figure 30. Rest of Asia Pacific: Car Care Products Market –Revenue and Forecast to 2028 (US$ Million)