Auto Beauty Market Size, Share, Growth, and Industry Growth, By Type (Cleaning and Caring, Polishing and Waxing, Sealing Glaze and Coating, Interior Maintenance, and Others), By Application (4S Stores, Auto Beauty Shops, Personal, and Others), Regional Forecast To 2031

Updated On: 08 April 2024

Auto Beauty Market REPORT OVERVIEW

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The global auto beauty market size was USD 8693.7 million in 2021 and is projected to touch USD 14706.57 million by 2031, exhibiting a CAGR of 5.4% during the forecast period.

The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

The beauty care products and the technology used for maintaining the beauty of the automotive are known as auto beauty or automotive beauty. The product used to maintain the beauty of the market offers maximum care to the vehicle’s parts, such as the equipment, service products, detail products, and automotive accessories. The exterior surface cleaners prevent dirt, dust, and road grime from settling on the vehicle. Moreover, cleaners are used to remove grease and tar from the automotive. The automotive beauty products enhance the aesthetic quality of the automotive, improves vehicle longevity, and prevent unwanted accidents, which increase their resale value. 

The market may witness exponential growth owing to the rising popularity of car care products. The rising industrialization coupled with rising per capita income is increasing the sales of vehicles. Additionally, the youngster's demand to own a car is increasing the sales of the automotive beauty product as the youngsters are more concerned for the safety and vehicles security. Vehicles are shielded from the elements by automotive beauty treatments and products, which also increase the vehicles' original quality and longevity and raise their resale value. During the anticipated period, the auto beauty market is expected to increase faster due to the age of automobiles and the declining tendency toward vehicle replacement.

COVID-19 Impact: Shut Down Of the Market Affected Growth

The outbreak of the pandemic favored very few markets, and the auto beauty market was exceptional. The unexpected pandemic breakout hampered market growth. The automotive industry witnessed a significant downfall due to the shutdown of transportation and the market. The market shutdown affected the expected sales growth of the automotive industry. The population was not allowed to step outside, which reduced road transportation and the sales of the products. The demand for the product went low, coupled with the lower supply, as the manufacturing industries were shut down during the pandemic. 

LATEST TRENDS

"Development of Antimicrobial Car Care Product to Surge Growth"

A car with clean interiors and no dust, dirt, and sand are great, but now the population is also focused on cleaning the bacteria and harmful microbes from their vehicle. The general population spends a lot of time in traffic and traveling, which increases the demand for a clean car that has no bacteria as it could affect the health of the driver or passenger by causing nausea, allergy, rashes, breathing issues, or diseases. The car customers and owners realized the significance of the germ-free car, which is increasing the adoption of anti-microbial auto beauty products. These factors are forecasted to surge auto beauty market growth. 

Auto Beauty Market Segmentation

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• By Type Analysis

By type, the market is segmented into cleaning and caring, polishing and waxing, sealing glaze and coating, interior maintenance, and others.

Cleaning and caring are expected to dominate the type segment due to the rising demand for car cleaning and car washing systems. Additionally, the accelerating manufacturing and sales of an automotive vehicles are projected to surge growth in this segment.

• By Application Analysis

Based on application, the market is classified into 4s stores, auto beauty shops, personal, and others. 

DRIVING FACTORS

"Rising Popularity of Luxury Cars to Surge Maximum Growth"

The rising popularity of luxury cars is projected to grow in the market. The accelerating per capita income of the population is leading to a higher standard of living. The population is adopting luxury cars to show a standard in society. Owning a car has become the basic benchmark of a luxurious lifestyle. The higher adoption of cars and luxury vehicles ultimately leads to higher demand for the car-care products. Additionally, the rising production of vehicles is expected to surge market growth. Moreover, the rising concern of the population towards managing the beauty of the vehicle is likely to boost the product demand.

"Rapid Adoption of E-Commerce Platforms to Fuel Product Demand"

E-commerce is the fastest-growing market globally. The rapid adoption of smartphones and devices is increasing the adoption of e-commerce. The consumer is inclined toward shopping online as it offers more convenience and all-time accessibility. The car-care and auto beauty products are gaining popularity through online shopping, which is surging growth in the market. E-commerce platforms offer multiple benefits to the seller, manufacturer, and customer. The automotive beauty products are forecasted to gain growth as the population spends most of their time on their smartphones, and e-commerce platforms offer feasibility. These factors are projected to surge auto beauty market growth.

RESTRAINING FACTORS

"High Cost Associated With the Product to Affect Market Growth"

The automobile costs are high, which already resists half of the population from buying automobiles. Additionally, the maintenance of the vehicles such as cars, sports cars, and other luxury vehicles costs high. The vehicle beauty products cost high, which is forecasted to hamper the market growth. 

Auto Beauty Market REGIONAL INSIGHTS

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"Asia Pacific to Dominate the Market Due To Rising Spending Power of the Population"

Asia Pacific is likely to hold the maximum part of the auto beauty market share owing to the increasing middle-class population coupled with the rising spending power. India is likely to be the major contributor to the region’s growth due to the rising sales of luxury vehicles. 

North America is anticipated to show significant growth in the market due to the accelerating sales of automobiles coupled with the rising fuel prices. The concern of the population to prevent their vehicles from extreme temperatures and UV rays is also forecasted to be an additional growth factor.

Europe is estimated to hold a sizable part of the auto beauty market share owing to the propelling production of automobiles in Western Europe. 

KEY INDUSTRY PLAYERS

"Key Companies to Focus on Gaining Mergers and Collaborations to Grow"

Key market players strive to adopt strategies that offer long-term growth to the company. The companies also emphasize on enhancing the product portfolio by launching new products. Significant players also focus on boosting their presence through investments, partnerships, agreements, joint ventures, expansions & investments, and partnerships. The key players have a strong presence in the global market. Additionally, they emphasize on strengthening their distribution networks across various regions to gain a competitive advantage. The companies are launching new products with improved efficiency.

List of Market Players Profiled

• Turtle Wax (U.S.)
• SONAX (U.S.)
• SOFT99 (Japan)
• Tetrosyl (U.K.)
• Liqui Moly (Germany)
• Simoniz (U.S.)
• Autoglym (U.K.)
• Botny (U.S.)
• BiaoBang (China)
• CHIEF (U.S.)
• Rainbow (India)
• Auto Magic (U.S.)
• Granitize (U.S.)
• PIT (Switzerland)
• Cougar Chemical (U.S.)
• P21S (Germany)
• CARTEC (Netherlands)
• Swissvax (U.S.)
• Anfuke (China)
• Collinite (U.S.)
• Jewelultra (U.K.)

REPORT COVERAGE

The report offers accurate information about the market insights. It represents an analysis of a competitive edge that seems significant for forming business plans. The report defines various paths for the growth and development of the industry. Market segmentation is depicted in the report and highlights the important factors of the sector with various growth opportunities, competitive landscape, and growth strategies of the major key players. The market report focuses on various growth prospects and the factors that may limit the growth of the market. Additionally, this market report represents the key players of the market and their headquarters. The report offers a deep insight into the market.