#Heavy Duty Road Filtration Aftermarket Market Revenue Value
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Rising Environmental Concerns Driving Heavy Duty Road Filtration Aftermarket Demand for Eco-Friendly Solutions
Heavy-duty road filtration aftermarket refers to the replacement of the original filters in heavy duty vehicles with upgraded filters that provide better performance and protection. The filtration system in heavy-duty vehicles, such as trucks and buses, plays a critical role in maintaining engine health and reducing emissions. Aftermarket filtration products are designed to meet or exceed OEM standards, offering improved filtration efficiency and extended service life. Heavy duty road filtration aftermarket products include air, oil, fuel, and hydraulic filters. The aftermarket filtration industry is driven by the increasing demand for high-quality filtration products that can withstand extreme conditions and reduce maintenance costs. Moreover, stringent emissions regulations imposed by various countries worldwide are boosting the demand for efficient filtration systems in heavy duty vehicles. The heavy duty road filtration aftermarket is expected to witness significant growth in the coming years, as vehicle owners and fleet operators seek to improve the performance and longevity of their vehicles.
The heavy duty road filtration aftermarket industry had seen several recent developments aimed at improving the performance and efficiency of heavy duty vehicles. One such development was the introduction of advanced filtration technologies, such as nanofiber filtration media, which offer higher efficiency and longer service life than traditional filters. These filters can capture smaller particles and are more durable, reducing the frequency of filter replacements and minimizing maintenance costs. Another trend in the heavy duty road filtration aftermarket was the use of data analytics and connectivity to monitor filter performance and detect potential issues. This technology enables fleet operators to track filter life and predict when replacement is necessary, reducing the risk of engine damage and improving overall vehicle performance. Furthermore, there has been an increasing focus on sustainable filtration solutions, with many aftermarket companies investing in eco-friendly filtration products that reduce emissions and improve fuel efficiency.
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The heavy-duty road filtration aftermarket industry is expected to reach USD 1.01 billion by 2024, according to a new report by Grand View Research, Inc. Rising environmental concern across countries coupled with new norms issued by the government is expected to aid the aftermarket sales for heavy duty road filtration products over the forecast period. To curb the alarming effect of air pollution, regulatory agencies has prescribed norms & tests against the automobiles. Filters used in these vehicles are an effective way to prevent these pollutions. As a result, these rules and regulations are mainly intended to ensure the proper functioning of emission systems.
#Heavy Duty Road Filtration Aftermarket Market Size & Share#Global Heavy Duty Road Filtration Aftermarket Market#Heavy Duty Road Filtration Aftermarket Market Latest Trends#Heavy Duty Road Filtration Aftermarket Market Growth Forecast#COVID-19 Impacts On Heavy Duty Road Filtration Aftermarket Market#Heavy Duty Road Filtration Aftermarket Market Revenue Value
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Global Heavy Duty Road Filtration Aftermarket Market Drivers, growth in business and Restraints Forecast 2021-2027
This Report Represents the worldwide Heavy Duty Road Filtration Aftermarket market size (value, consumption, and production), splits the breakdown (data status 2014-2020 and forecast to 2027), by manufacturers, region, type, and application. This study also analyzes the market status, future trends, market drivers, market share, growth rate, opportunities and challenges, sales channels, distributors, risks and entry barriers, and Porter’s Five Forces Analysis which also includes coronavirus updates. It also has an In-depth analysis of the industry’s competitive landscape, restraints, detailed information about different drivers, and global opportunities. Key competitors included in Global Heavy Duty Road Filtration Aftermarket Market are Mann & Hummel, Cummins Filtrations, UTI Filters, SOGEFI Group, Parker Hannifin Corporation, Donaldson.
The report covers key strategic Points Regarding developments of the market including acquisitions & mergers, agreements, partnerships, new type launches, research & development, collaborations & joint ventures, regional expansion of major participants involved in the Heavy Duty Road Filtration Aftermarket market on a global and regional basis. This Heavy Duty Road Filtration Aftermarket Market Report covers global, regional, and country-level market size, market shares, market growth rate analysis (include Reseaon of highest and lowest peak Market analysis), product launches, recent trend, the impact of covid19 on worldwide or regional Heavy Duty Road Filtration Aftermarket Market. Both top-down and bottom-up approaches have been used to estimate and validate the market size of the Heavy Duty Road Filtration Aftermarket market, to estimate the Heavy Duty Road Filtration Aftermarket size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares split, and breakdowns have been determined using secondary sources and Basic primary sources
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A brief introduction to the research report and Overview of the market
Syndicate Market Research methodology
Graphical introduction of global as well as the regional analysis
Selected illustrations of market insights and trends.
Know top key players in the market with their revenue analysis
Example pages from the report
The study objectives of Global Heavy Duty Road Filtration Aftermarket Market are:
To split the breakdown data by regions, type, manufacturers, and applications.
To identify significant trends, drivers, influence factors in global and regions.
To analyze and research the global Heavy Duty Road Filtration Aftermarket status and future forecast, involving, production, revenue, consumption, historical, and forecast.
To analyze the global and key regions’ market potential and advantage, opportunity, and challenge, restraints, and risks.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To present the key Heavy Duty Road Filtration Aftermarket manufacturers, production, revenue, market share, and recent development.
Global Heavy Duty Road Filtration Aftermarket market report presentation has been estimated at length and according to expert analysis, is anticipated to entail an impressive growth of xx million USD in 2021 and is projected to further reach a total growth estimation of xx million USD through the forecast till 2027, growing at a CAGR of xx%, and you get accurate CAGR according to Heavy Duty Road Filtration Aftermarket market size which actual exist
Scope of Report:
Heavy Duty Road Filtration Aftermarket Market 2021 global industry research report is a professional and in-depth study on the market size, growth, share, trends, as well as industry analysis. The report begins with an overview of the industry chain structure and describes the upstream. In addition, the report introduces a market competition overview among the major companies and company profiles, besides, market price and channel features are covered in the report. Also, the report analyses market size and forecast in different geographies, types, and end-use segments. Furthermore, market size, the revenue share of each segment, and its sub-segments, as well as forecast figures are also covered in this report.
Heavy Duty Road Filtration Aftermarket Analysis: By Applications
Trucks & Buses, Construction, Mining
Heavy Duty Road Filtration Aftermarket Market: By Product
Oil, Air, Cabin, Fuel
Heavy Duty Road Filtration Aftermarket Global Market: By Region
North America
U.S.Canada
Rest of North America
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Argentina
Rest of Latin America
The Middle East and Africa
GCC Countries
South Africa
Rest of Middle East & Africa
Table of Content include Heavy Duty Road Filtration Aftermarket Market Worldwide are:
1 Study Coverage 1.1 Heavy Duty Road Filtration Aftermarket Product 1.2 Key Market Segments in This Study 1.3 Key Manufacturers Covered 1.4 Market by Type 1.4.1 Global Market Size Growth Rate by Type (Oil, Air, Cabin, Fuel) 1.5 Market by Application 1.5.1 Global Market Size Growth Rate by Application (Trucks & Buses, Construction, Mining) 1.6 Study Objectives 1.7 Years Considered
2 Executive Summary 2.1 Global Heavy Duty Road Filtration Aftermarket Market Size 2.1.1 Global Heavy Duty Road Filtration Aftermarket Revenue 2013-2025 2.1.2 Global Heavy Duty Road Filtration Aftermarket Production 2013-2025 2.2 Heavy Duty Road Filtration Aftermarket Growth Rate (CAGR) 2018-2025 2.3 Analysis of Competitive Landscape 2.3.1 Manufacturers Market Concentration Ratio (CR5 and HHI) 2.3.2 Key Manufacturers 2.3.2.1 Manufacturing Base Distribution, Headquarters 2.3.2.2 Manufacturers Product Offered 2.3.2.3 Date of Manufacturers Enter into Market 2.4 Key Trends for Markets & Products
3 Heavy Duty Road Filtration Aftermarket Market Size by Manufacturers 3.1 Production by Manufacturers 3.1.1 Production by Manufacturers 3.1.2 Production Market Share by Manufacturers 3.2 Revenue by Manufacturers 3.2.1 Revenue by Manufacturers (2013-2018) 3.2.2 Revenue Share by Manufacturers (2013-2018) 3.3 Price by Manufacturers 3.4 Mergers & Acquisitions, Expansion Plans
4 Heavy Duty Road Filtration Aftermarket Production by Regions —–contd—
5 Heavy Duty Road Filtration Aftermarket Consumption by Regions —–contd—-
6 Market Size by Type —–contd—
7 Market Size by Application 7.1 Overview 7.2 Global Breakdown Dada by Application 7.2.1 Global Consumption by Application 7.2.2 Global Consumption Market Share by Application (2013-2018)
8 Manufacturers Profiles —–contd—
9 Production Forecasts —–contd—
10 Consumption Forecast —–contd—
11 Value Chain and Sales Channels Analysis 11.1 Value Chain Analysis 11.2 Sales Channels Analysis 11.2.1 Heavy Duty Road Filtration Aftermarket Sales Channels 11.2.2 Distributors 11.3 Customers
12 Market Opportunities & Challenges, Risks and Influences Factors Analysis 12.1 Market Opportunities and Drivers 12.2 Market Challenges 12.3 Market Risks/Restraints 12.4 Key World Economic Indicators
13 Key Findings in the Global Heavy Duty Road Filtration Aftermarket Study
14 Appendix 14.1 Research Methodology 14.1.1 Methodology/Research Approach 14.1.1.1 Research Programs/Design 14.1.1.2 Market Size Estimation 14.1.1.3 Market Breakdown and Data Triangulation 14.1.2 Data Source 14.1.2.1 Secondary Sources 14.1.2.2 Primary Sources 14.2 Author Details 14.3 Disclaimer
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Automobile Care Products Market Synopsis and Highlights, Key Findings, Major Companies Analysis and Forecast to 2025
Market Highlights
The Global Automobile Care Products Market is expected to be valued at USD 16,122 Million by 2025, with a CAGR of 4.11% during the forecast period (2019–2025).
The report covers segmentations and Market dynamics for a better glimpse of the Market in the coming years. Automobile Care Products Market Revenue are used to enhance the aesthetic appearance of the vehicle. The products include cleaning and caring products, polishing and waxing products, and sealing glaze and coating products.
The car polishes, aerosol spray, car buffers, scrapers, car washers, and wash brushes are used to maintain the condition of the vehicle. Automobile care products are available through both online and offline channels such as retail dealers and distributors and auto shops.
Competitive Analysis
Some of the key industry participants in the global Market for automobile care products are Valvoline Inc. (US), Total S.A (France), SOFT99 corporation. (Japan), Tetrosyl Ltd. (England), Simoniz USA (US), 3M (US), Turtle Wax (US), The Armor All (US), SONAX GmbH (Germany), LIQUI MOLY GmbH (Germany), Autoglym (UK), Guangzhou Botny Chemical Co., Ltd (China), Illinois Tool Works Inc. (US), Guangzhou Biaobang Car Care Industry Co., Ltd (China), Adolf Würth GmbH & Co. KG (Germany), Jopasu Systems Pvt. Ltd. (India), Mothers Inc. (US) and BULLSONE Co. Ltd (South Korea).
Valvoline focuses on expansion across the globe by expanding its distribution facilities. It has established strategic relationships with Cummins Inc. a leading supplier of heavy-duty engines for co-branding of products for heavy duty applications. It has also been strengthening and expanding its existing business by improving the distribution channels and the Market penetration. The company is making steady provisions to launch market-orientated products in various regions, globally in an effort to enhance their performance. Furthermore, the company is focusing on research and development to strengthen their global presence.
3M is primarily focused on acquisitions and R&D efforts. The company has been engaging in acquisitions and divestitures. 3M plans to spend USD 20 billion on acquisitions by 2020. It focuses on its high-growth operations and strategizes to reduce dependence on consumer and electronics markets over the last several years. 3M has sold off 14 businesses while making a number of increasingly expensive acquisitions. It has established its presence in health care product disinfectant and protection, filtration membranes, and firefighter breathing apparatus.
Segmental Analysis
The global Market for automobile care products is segmented based on type and application. On the basis of type, the cleaning and caring segment is expected to dominate the global market. The cleaning & caring products help remove dirt, mud, hard-dust, bird droppings, oil and grease from exterior automotive painted surfaces without damaging the surface. Such type of automobile care includes the exterior and interior cleaning with the help of cleaning and care products, care aerosol, and washing accessories. The innovative products such as bio-based car wash detergents and soaps analysis the strategies of the manufacturers of cleaning & caring products.
On the basis of application, the service centres & garages segment is expected to dominate the market. The service centres & garages are well equipped for providing washing, aesthetic enhancements, lubrication, and tire and battery services. Such service centres and garages are equipped with the equipment such as lifting tackle, vehicle lifts, tire inflation, tire changing machines, and wheel balancing machines, along with different types of fixtures, tools, and jigs as well as multiple vehicle aesthetic enhancement products used in cleaning & caring, polishing & waxing, and sealing glaze & coating.
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/automobile-care-products-market-8657
Regional Analysis
Geographic analysis of the global Automobile Care Products Market spans across North America, Europe, Asia-Pacific (APAC), South America and the Middle East & Africa.
In 2018, Asia-Pacific was the leading Market with a Market value of USD 4,857.6 Million. The regional Market value is expected to reach USD 6,605.4million by 2025 with an impressive 4.59% CAGR during the forecast period.
Asia-Pacific is expected to witness leading Market in automotive care products due to the growing number of service stations, increasing afterMarket activities, and rising automotive Market. Furthermore, the strong economic growth and the growth of the automotive industry in this region increases the demand for automotive care products. The key trends that are expected to trigger the growth of the automotive care products Market in the region include the continually shifting Market dynamics, technological improvements, and changing preferences of vehicle owners.Furthermore, China is one of the most attractive markets for global automotive OEMs to invest through joint ventures with local vehicle brands. Additionally, infrastructure development, lower production costs, and favorable government schemes are encouraging global players to invest heavily in this country. Additionally, the country has a heavy pollution problem and often experiences dust storms, which has boosted the growth of the car washing industry in China and is expected to drive the growth of automobile care products
In 2018, North America held the second largest Market share in the Automobile Care Products Market Revenue. The North America countries have agreed to the North American Free Trade Agreement (NAFTA), according to which the countries can freely trade vehicles and auto components. The region is dominated by the US and is home to several key automotive OEMs, including General Motors, Ford Motor Company, and Tesla, Inc. The demand for automotive care products is expected to grow in North America owing to the increase in demand for automobiles, primarily in the US. The US has a comparatively larger fleet of premium and luxury passenger cars, which increases the demand for automotive care products. The growing number of automotive beauty shops and service stations and the rising consumer awareness regarding vehicle aesthetic enhancement. In 2018, the regional Market was valued at USD 3,501.7million, which is expected to reach USD 4,419.9million by 2025 with a 3.48% CAGR during the forecast period.
Europe is one of the significant markets for global automobile care products owing to the presence of economies, such as Germany, France, The UK and Russia, which is expected to increase the demand during the forecast period. The region is one of the most crucial markets for luxury and premium vehicles as it hosts several key automotive companies. The increased availability of water-based solvents, consumer awareness regarding vehicle maintenance, increase in new car Market, advancements in car wash technology, and increased investments in the development of automotive care products is expected to boost the share of Europe. Furthermore, the free trade agreement (FTA) between Europe and Japan is expected to increase the exports and imports in this region as it is characterized by the presence of several global automobile OEMs. Germany is considered to be the automotive hub of the world. Major automobile OEMs including Volkswagen, Daimler, and BMW, are based in this country.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive Market and vendor landscape in addition to a SWOT analysis of the key vendors.
Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/8657
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Media Contact
Company Name: Market Research Future Contact Person: Abhishek Sawant Email: Send Email Phone: +1 646 845 9312 Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar City: Pune State: Maharashtra Country: India Website: https://www.marketresearchfuture.com/
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Automobile Care Products Industry 2020 | Global Analysis, Opportunities and Forecast 2025
Market Highlights
The Global Automobile Care Products Industry is expected to be valued at USD 16,122 Million by 2025, with a CAGR of 4.11% during the forecast period (2019–2025).
The report covers segmentations and market dynamics for a better glimpse of the market in the coming years. Automobile Care Products Industry Revenue are used to enhance the aesthetic appearance of the vehicle. The products include cleaning and caring products, polishing and waxing products, and sealing glaze and coating products.
The car polishes, aerosol spray, car buffers, scrapers, car washers, and wash brushes are used to maintain the condition of the vehicle. Automobile care products are available through both online and offline channels such as retail dealers and distributors and auto shops.
Competitive Analysis
Some of the key industry participants in the global market for automobile care products are Valvoline Inc. (US), Total S.A (France), SOFT99 corporation. (Japan), Tetrosyl Ltd. (England), Simoniz USA (US), 3M (US), Turtle Wax (US), The Armor All (US), SONAX GmbH (Germany), LIQUI MOLY GmbH (Germany), Autoglym (UK), Guangzhou Botny Chemical Co., Ltd (China), Illinois Tool Works Inc. (US), Guangzhou Biaobang Car Care Industry Co., Ltd (China), Adolf Würth GmbH & Co. KG (Germany), Jopasu Systems Pvt. Ltd. (India), Mothers Inc. (US) and BULLSONE Co. Ltd (South Korea).
Valvoline focuses on expansion across the globe by expanding its distribution facilities. It has established strategic relationships with Cummins Inc. a leading supplier of heavy-duty engines for co-branding of products for heavy duty applications. It has also been strengthening and expanding its existing business by improving the distribution channels and the market penetration. The company is making steady provisions to launch market-orientated products in various regions, globally in an effort to enhance their performance. Furthermore, the company is focusing on research and development to strengthen their global presence.
3M is primarily focused on acquisitions and R&D efforts. The company has been engaging in acquisitions and divestitures. 3M plans to spend USD 20 billion on acquisitions by 2020. It focuses on its high-growth operations and strategizes to reduce dependence on consumer and electronics markets over the last several years. 3M has sold off 14 businesses while making a number of increasingly expensive acquisitions. It has established its presence in health care product disinfectant and protection, filtration membranes, and firefighter breathing apparatus.
Segmental Analysis
The global market for automobile care products is segmented based on type and application. On the basis of type, the cleaning and caring segment is expected to dominate the global market. The cleaning & caring products help remove dirt, mud, hard-dust, bird droppings, oil and grease from exterior automotive painted surfaces without damaging the surface. Such type of automobile care includes the exterior and interior cleaning with the help of cleaning and care products, care aerosol, and washing accessories. The innovative products such as bio-based car wash detergents and soaps analysis the strategies of the manufacturers of cleaning & caring products.
On the basis of application, the service centres & garages segment is expected to dominate the market. The service centres & garages are well equipped for providing washing, aesthetic enhancements, lubrication, and tire and battery services. Such service centres and garages are equipped with the equipment such as lifting tackle, vehicle lifts, tire inflation, tire changing machines, and wheel balancing machines, along with different types of fixtures, tools, and jigs as well as multiple vehicle aesthetic enhancement products used in cleaning & caring, polishing & waxing, and sealing glaze & coating.
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/automobile-care-products-market-8657
Regional Analysis
Geographic analysis of the global Automobile Care Products Industry spans across North America, Europe, Asia-Pacific (APAC), South America and the Middle East & Africa.
In 2018, Asia-Pacific was the leading market with a market value of USD 4,857.6 Million. The regional market value is expected to reach USD 6,605.4million by 2025 with an impressive 4.59% CAGR during the forecast period.
Asia-Pacific is expected to witness leading market in automotive care products due to the growing number of service stations, increasing aftermarket activities, and rising automotive sales. Furthermore, the strong economic growth and the growth of the automotive industry in this region increases the demand for automotive care products. The key trends that are expected to trigger the growth of the automotive care products market in the region include the continually shifting market dynamics, technological improvements, and changing preferences of vehicle owners.Furthermore, China is one of the most attractive markets for global automotive OEMs to invest through joint ventures with local vehicle brands. Additionally, infrastructure development, lower production costs, and favorable government schemes are encouraging global players to invest heavily in this country. Additionally, the country has a heavy pollution problem and often experiences dust storms, which has boosted the growth of the car washing industry in China and is expected to drive the growth of automobile care products
In 2018, North America held the second largest market share in the Automobile Care Products Industry Revenue. The North America countries have agreed to the North American Free Trade Agreement (NAFTA), according to which the countries can freely trade vehicles and auto components. The region is dominated by the US and is home to several key automotive OEMs, including General Motors, Ford Motor Company, and Tesla, Inc. The demand for automotive care products is expected to grow in North America owing to the increase in demand for automobiles, primarily in the US. The US has a comparatively larger fleet of premium and luxury passenger cars, which increases the demand for automotive care products. The growing number of automotive beauty shops and service stations and the rising consumer awareness regarding vehicle aesthetic enhancement. In 2018, the regional market was valued at USD 3,501.7million, which is expected to reach USD 4,419.9million by 2025 with a 3.48% CAGR during the forecast period.
Europe is one of the significant markets for global automobile care products owing to the presence of economies, such as Germany, France, The UK and Russia, which is expected to increase the demand during the forecast period. The region is one of the most crucial markets for luxury and premium vehicles as it hosts several key automotive companies. The increased availability of water-based solvents, consumer awareness regarding vehicle maintenance, increase in new car sales, advancements in car wash technology, and increased investments in the development of automotive care products is expected to boost the share of Europe. Furthermore, the free trade agreement (FTA) between Europe and Japan is expected to increase the exports and imports in this region as it is characterized by the presence of several global automobile OEMs. Germany is considered to be the automotive hub of the world. Major automobile OEMs including Volkswagen, Daimler, and BMW, are based in this country.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/8657
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Media Contact Company Name: Market Research Future Contact Person: Abhishek Sawant Email: Send Email Phone: +1 646 845 9312 Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar City: Pune State: Maharashtra Country: India Website: https://www.marketresearchfuture.com/
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Automobile Care Products Industry 2020 | Global Analysis, Opportunities and Forecast 2025
Market Highlights
The Global Automobile Care Products Industry is expected to be valued at USD 16,122 Million by 2025, with a CAGR of 4.11% during the forecast period (2019–2025).
The report covers segmentations and market dynamics for a better glimpse of the market in the coming years. Automobile Care Products Industry Revenue are used to enhance the aesthetic appearance of the vehicle. The products include cleaning and caring products, polishing and waxing products, and sealing glaze and coating products.
The car polishes, aerosol spray, car buffers, scrapers, car washers, and wash brushes are used to maintain the condition of the vehicle. Automobile care products are available through both online and offline channels such as retail dealers and distributors and auto shops.
Competitive Analysis
Some of the key industry participants in the global market for automobile care products are Valvoline Inc. (US), Total S.A (France), SOFT99 corporation. (Japan), Tetrosyl Ltd. (England), Simoniz USA (US), 3M (US), Turtle Wax (US), The Armor All (US), SONAX GmbH (Germany), LIQUI MOLY GmbH (Germany), Autoglym (UK), Guangzhou Botny Chemical Co., Ltd (China), Illinois Tool Works Inc. (US), Guangzhou Biaobang Car Care Industry Co., Ltd (China), Adolf Würth GmbH & Co. KG (Germany), Jopasu Systems Pvt. Ltd. (India), Mothers Inc. (US) and BULLSONE Co. Ltd (South Korea).
Valvoline focuses on expansion across the globe by expanding its distribution facilities. It has established strategic relationships with Cummins Inc. a leading supplier of heavy-duty engines for co-branding of products for heavy duty applications. It has also been strengthening and expanding its existing business by improving the distribution channels and the market penetration. The company is making steady provisions to launch market-orientated products in various regions, globally in an effort to enhance their performance. Furthermore, the company is focusing on research and development to strengthen their global presence.
3M is primarily focused on acquisitions and R&D efforts. The company has been engaging in acquisitions and divestitures. 3M plans to spend USD 20 billion on acquisitions by 2020. It focuses on its high-growth operations and strategizes to reduce dependence on consumer and electronics markets over the last several years. 3M has sold off 14 businesses while making a number of increasingly expensive acquisitions. It has established its presence in health care product disinfectant and protection, filtration membranes, and firefighter breathing apparatus.
Segmental Analysis
The global market for automobile care products is segmented based on type and application. On the basis of type, the cleaning and caring segment is expected to dominate the global market. The cleaning & caring products help remove dirt, mud, hard-dust, bird droppings, oil and grease from exterior automotive painted surfaces without damaging the surface. Such type of automobile care includes the exterior and interior cleaning with the help of cleaning and care products, care aerosol, and washing accessories. The innovative products such as bio-based car wash detergents and soaps analysis the strategies of the manufacturers of cleaning & caring products.
On the basis of application, the service centres & garages segment is expected to dominate the market. The service centres & garages are well equipped for providing washing, aesthetic enhancements, lubrication, and tire and battery services. Such service centres and garages are equipped with the equipment such as lifting tackle, vehicle lifts, tire inflation, tire changing machines, and wheel balancing machines, along with different types of fixtures, tools, and jigs as well as multiple vehicle aesthetic enhancement products used in cleaning & caring, polishing & waxing, and sealing glaze & coating.
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/automobile-care-products-market-8657
Regional Analysis
Geographic analysis of the global Automobile Care Products Industry spans across North America, Europe, Asia-Pacific (APAC), South America and the Middle East & Africa.
In 2018, Asia-Pacific was the leading market with a market value of USD 4,857.6 Million. The regional market value is expected to reach USD 6,605.4million by 2025 with an impressive 4.59% CAGR during the forecast period.
Asia-Pacific is expected to witness leading market in automotive care products due to the growing number of service stations, increasing aftermarket activities, and rising automotive sales. Furthermore, the strong economic growth and the growth of the automotive industry in this region increases the demand for automotive care products. The key trends that are expected to trigger the growth of the automotive care products market in the region include the continually shifting market dynamics, technological improvements, and changing preferences of vehicle owners.Furthermore, China is one of the most attractive markets for global automotive OEMs to invest through joint ventures with local vehicle brands. Additionally, infrastructure development, lower production costs, and favorable government schemes are encouraging global players to invest heavily in this country. Additionally, the country has a heavy pollution problem and often experiences dust storms, which has boosted the growth of the car washing industry in China and is expected to drive the growth of automobile care products
In 2018, North America held the second largest market share in the Automobile Care Products Industry Revenue. The North America countries have agreed to the North American Free Trade Agreement (NAFTA), according to which the countries can freely trade vehicles and auto components. The region is dominated by the US and is home to several key automotive OEMs, including General Motors, Ford Motor Company, and Tesla, Inc. The demand for automotive care products is expected to grow in North America owing to the increase in demand for automobiles, primarily in the US. The US has a comparatively larger fleet of premium and luxury passenger cars, which increases the demand for automotive care products. The growing number of automotive beauty shops and service stations and the rising consumer awareness regarding vehicle aesthetic enhancement. In 2018, the regional market was valued at USD 3,501.7million, which is expected to reach USD 4,419.9million by 2025 with a 3.48% CAGR during the forecast period.
Europe is one of the significant markets for global automobile care products owing to the presence of economies, such as Germany, France, The UK and Russia, which is expected to increase the demand during the forecast period. The region is one of the most crucial markets for luxury and premium vehicles as it hosts several key automotive companies. The increased availability of water-based solvents, consumer awareness regarding vehicle maintenance, increase in new car sales, advancements in car wash technology, and increased investments in the development of automotive care products is expected to boost the share of Europe. Furthermore, the free trade agreement (FTA) between Europe and Japan is expected to increase the exports and imports in this region as it is characterized by the presence of several global automobile OEMs. Germany is considered to be the automotive hub of the world. Major automobile OEMs including Volkswagen, Daimler, and BMW, are based in this country.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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