Europe 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 Europe car care products market is expected to grow from US$ 1,525.09 million in 2022 to US$ 2,045.61 million by 2028. It is estimated to grow at a CAGR of 5.0% from 2022 to 2028.
Surge in Use of Eco-Friendly Car Care Products will be Driving the Europe Car Care Products Market
The growing environmental consciousness among people is increasing the demand for better eco-friendly detailing and biodegradable products. Furthermore, 68% of Gen Z shoppers purchased an eco-friendly product in 2018. Hence, the demand for eco-friendly car care products is also rising. The need for eco-friendly car cleaning products is growing as people are becoming more aware of the consequences of the toxic chemicals that are generally used in the traditional cleaning products. Car care product manufacturers are also developing products that clean, protect, and beautify cars while having minimal impact on the environment. They are increasing their customer base by highlighting the use of their eco-friendly products and equipment. Environmentally friendly car wash soap is made from sustainable materials and is often biodegradable. Further, there is also a high demand for organic car air fresheners over harmful chemical-based air fresheners. Organic car air fresheners contain essential oil, which emits a relaxing and soothing fragrance. Therefore, the surge in the use of eco-friendly car care products is expected to emerge as a key trend in the Europe car care products market during the forecast period.
Europe Car Care Products Market Overview
Europe car care products market is segmented into Germany, France, Italy, the UK, the Netherlands, Russia, and the Rest of Europe. According to the European Commission, Europe is amongst the major producers of motor vehicles. The automotive sector represents the largest private investor in research and development. The Europe car care products market is witnessing a growth due to an increase in automotive production. The growing consumer interest in car maintenance and comfort features is further anticipated to boost the demand for car care products in the region. The shift in consumer spending behavior, increasing new car sales and the rise in demand for customized car models was observed in the region. This in turn has resulted in increasing demand for after-sales services such as car wash and detailing facilities. In past few years, European car care market has observed sustainability trends, green claims on-pack, plant based and biodegradable products. These factors are further expected to positively impact the Europe car care products market.
Europe Car Care Products Market Revenue and Forecast to 2028 (US$ Million)
Europe Car Care Products Market Segmentation
The Europe car care products market is segmented into products, application, distribution channel, and country.
Based on products, the Europe 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 Europe car care products market.
Based on application, the Europe car care products market is bifurcated into interior and exterior. In 2022, the interior segment registered a larger share in the Europe car care products market.
Based on distribution channel, the Europe car care products market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. In 2022, the online retail segment registered a largest share in the Europe car care products market.
Based on country, the Europe car care products market is segmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. In 2022, the Rest of Europe segment registered a largest share in the Europe car care products market.
3M Co; Adolf Wurth GmbH & Co KG; Cartec BV; Holt Lloyd International Ltd; Pidilite Industries Ltd; Shell Plc; SONAX GmbH; Tetrosyl Ltd; and Turtle Wax Inc are the leading companies operating in the Europe car care products market.
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