[189 pages Report] The global antimicrobial car care products market size is estimated to be worth around US$ 194 Million in 2022. With rising focus towards maintaining vehicle hygiene, the overall market is projected to grow at a robust CAGR of 7.3% between 2022 and 2030, totaling a valuation of US$ 341.8 Million by 2030.
Attribute | Details |
---|---|
Antimicrobial Car Care Products Market Estimated Size in 2022 | US$ 194.0 Million |
Antimicrobial Car Care Products Market Projected Size in 2030 | US$ 341.8 Million |
Antimicrobial Car Care Products Market Historical CAGR (2015 to 2021) | 5.8% |
Antimicrobial Car Care products Market Value-Based CAGR (2022 to 2030) | 7.3% |
As the threat of another outbreak looms over the world, people have realized the importance of maintaining proper hygienic conditions of their assets and surroundings. This has brought antimicrobial car care products into the spotlight. These products have become ideal means of protecting vehicles from microbial growth.
Regionally, Europe remains the most lucrative market for antimicrobial car care products, accounting for a major share of 36.1% in 2022. Rising consumer awareness, the presence of leading market players and increasing sales of passenger cars are some of the factors driving the Europe antimicrobial car care products market.
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Market Statistics | Details |
---|---|
H1,2021 (A) | 6.8% |
H1,2022 Projected (P) | 7.1% |
H1,2022 Outlook (O) | 7.0% |
BPS Change : H1,2022 (O) - H1,2022 (P) | (+) 22 ↑ |
BPS Change : H1,2022 (O) - H1,2021 (A) | (-) 12 ↓ |
Future Market Insights estimated a comparison analysis for the Antimicrobial car care products market. Key factors responsible for driving the global antimicrobial car care products market are an increase in vehicle sales, a rise in customer awareness of the importance of maintaining automobile hygiene and conditions, technological developments in car washing and others.
To maintain their cars hygiene, automobile owners are increasingly using antimicrobial car care products. These items prevent the development of germs, hence extending the lifespan of automobiles. In addition, they take away the chance of cross-contamination.
According to FMI analysis, the change between the BPS points in the Antimicrobial Car Care Products market in H1, 2022 - Outlook over H1, 2022 Projected shows an increase of 32 units. Notably, compared to H1, 2021, the market is expected to lose 12 BPS points in H1 -2022.
One of the key reasons responsible for a slight decrease in growth rate is due to increasing regulation related to DIY car/vehicle wash and cleaning, which use antimicrobial car care products.
Materials like plastic, steel, aluminum, and leather among others are significantly used for making automobile components. When these materials are close to microorganisms, they can begin to harbor these organisms. These materials can be degraded by bacterial growth, which reduces the lifespan of autos. These microbes can also cause fatal diseases and infections in humans.
Vehicle owners regularly employ antimicrobial car care products for the interior and outside of their vehicles to combat this problem. During the projected period, the market is anticipated to grow as customers become more aware of the value of utilizing these auto care products.
The global antimicrobial car care products market is anticipated to expand at a CAGR of 7.3% between 2022 and 2030, in comparison to 5.8% CAGR registered between 2015 to 2021.
Increasing sales of vehicles, rising consumer awareness regarding the importance of maintaining car hygiene/conditions and advancements in car washing technologies are some of the major factors driving sales in the market.
Antimicrobial car care products are being increasingly used by car owners to keep their vehicles safe and hygienic. These products inhibit the growth of microorganisms and thus help to extend the life of vehicles. Besides this, they eliminate the risk of cross contamination.
Rising sales of automotive worldwide is a major force behind the expansion of antimicrobial car care products market. This is anticipated to create lucrative growth avenues within the antimicrobial car care products market during the forecast period.
Leading market players are introducing new products and technologies to increase sales and to expand their footprint. They are focusing on developing ecofriendly products with zero impact on human health.
In addition to this, growing sales of used cars (secondhand cars) is anticipated to further accelerate the growth of antimicrobial car care products market during the assessment period. Spurred by the aforementioned factors, the market volume for antimicrobial car care products market is set to expand 1.76X through 2030.
Most of the automotive parts are made from materials like plastic, steel, aluminum, leather etc. These materials can harbor microorganisms once they come into close contact with them. Growth of microorganisms like bacteria can degrade these materials and thus shorten the life span of cars. In addition to this, these microorganisms can infect people and cause lethal diseases.
To address this issue, car owners continuously use antimicrobial car care products for both car interior and exterior protection. Growing awareness among consumers regarding the importance of using these car care products is expected to bolster the market during the forecast period.
With increasing threat of disease transmission during passenger movement in public transport, people prefer to travel in their personal vehicles. As a result, there has been a rise in the sales of passenger vehicles.
According to the International Organization of Motor Manufacturers (OICA), despite the impact of COVID-19 pandemic, the global sales of passenger cars reached over 5,35,988,46 in 2020. Increasing sales of private vehicles is projected to boost the growth in the antimicrobial car care products market during the forecast period.
“Growing Consumer Awareness Spurring Antimicrobial Car Care Products Sales in the U.K.”
The U.K. is expected to emerge as a lucrative pocket Europe, owing to the growing consumer awareness for car maintenance, rising sales of vehicles, innovations in car cleaning technology and the presence of leading market players.
During the last few decades, there has been a significant rise in the cases of nosocomial infections and other life-threatening diseases across the country. This is compelling consumers to take various precautionary measures like adoption of antimicrobial car care products.
Moreover, increasing adoption of passenger vehicles coupled with rising number of car wash service providers will further expand the U.K. antimicrobial car care products market during the forecast period.
A market share of 36.1% has been projected for the Europe antimicrobial car care products market, spearheaded by the U.K. in 2022.
China has been at the forefront for the production and sales of passenger vehicles. According to the International Organization of Motor Vehicle Manufacturers (OICA), total vehicle production in China reached around 25,225242 in 2020. Rise in production and sales of passenger cars is creating a conducive environment for the antimicrobial car care products manufacturers in the country and the trend is likely to continue in the forthcoming years.
Besides this, consumers are spending large amounts on car care products for maintaining the hygienic condition of their vehicles. This is boosting the growth of antimicrobial car care products in the country.
Leading players in China are introducing low-cost products into the market to improve sales. As per FMI, the East Asia antimicrobial car care products market, led by China, will account for around 15.0% of the total market share in 2022.
“Presence of Car Wash Centers Across the U.S. is Boosting Sales of Antimicrobial Car Care Products”
As per FMI, the U.S. will continue to dominate the North America antimicrobial car care products market. Increasing sales of passenger cars, growing adoption of car care products by customers and the presence of various car wash centers across the country are expecting to continue driving sales over the forecast period.
A market share of 28.2% has been projected for North America antimicrobial car care products market spearheaded by the U.S. in 2022.
With heavy presence of automotive giants and growing popularity of electric vehicles, the U.S. has become an attractive market for antimicrobial car care products manufacturers. Car owners are using these products to inhibit the growth of microorganisms. Maintaining proper car hygiene has become a top priority for vehicle owners.
The country is witnessing a rapid surge in the number of automated car wash service stations which provide antimicrobial cleaning solutions to car owners. This is anticipated to boost the sales of antimicrobial car care products like foam cleaners and surface cleaners.
Similarly, increasing penetration of online sales channels is supporting the growth of the market. Thanks to these online platforms, people can now choose any car care product based on their needs from their homes.
“Attractive Features of Fabric and Surface Cleaners Making Them Highly Sought-After Car Care Products”
Based on type, the fabric & surface cleaners segment is expected to dominate the antimicrobial care products market while foam cleaners segment is anticipated to grow at a considerable pace over the forecast period.
Fabric & surface cleaners have become the most commonly used antimicrobial car care products across the globe to prevent cross contamination. These products are widely being adopted due to their cost effectiveness and ease of accessibility.
“Increasing Private Vehicle Ownership To Spur Demand for Antimicrobial Car Care Products”
As per FMI, the sales in the passenger car segment will account for a dominant share in the market in 2022. Expanding passenger car fleet across the globe is boosting the sales of antimicrobial car care products and the trend is likely to continue in the forthcoming years.
With rising disposable income and changing lifestyle, people are shifting their preference from public transport to private transport. As a result, sales of passenger cars are rising at a prolific rate. Similarly, rental car services are gaining momentum. This is anticipated to create demand for antimicrobial care products during the assessment period.
Amid rise in private vehicle ownership, it is estimated that about 7 out of 10 antimicrobial car care products would be used in passenger cars throughout the forecast period.
“Easy Availability and Timely Delivery is Fueling Sales of Antimicrobial Car Care Products Online”
In terms of sales channel, sales in the online sales channel will command a lion’s share in 2022.
Online sales channels provide umpteen benefits such as easy selection from a wide range of products and overall cost reduction. The impact of the COVID-19 pandemic is also compelling customers to shift their preference from offline sales platforms to online ones.
Rising trend of purchasing car care products through online shopping platforms is expected to boost the market in the forthcoming years. To capitalize on this trend, market players are moving towards online sales platforms.
Besides this, they are offering various discounts to attract more customers. This is anticipated to boost the growth of antimicrobial car care products market during the forecast period.
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Leading players operating in the antimicrobial car care products market are introducing innovative products at affordable prices. Besides this, they are adopting various organic and inorganic strategies such as partnerships, advanced product launches, collaborations, and acquisitions to gain a competitive edge in the market. For instance:
Attribute | Details |
---|---|
Historical Data Available for | 2015 to 2021 |
Forecast Period | 2022 to 2030 |
Market Analysis | Units for Volume and US$ Million for Value |
Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia & Pacific and MEA |
Key Countries Covered | USA, Canada, Mexico, Brazil, Germany, UK, France, Italy, Spain, Russia, Poland, China, Japan, South Korea, India, ASEAN, Turkey, Saudi Arabia and South Africa |
Key Segments Covered | Type, Vehicle Type, Sales Channel and Region |
Key Companies Profiled | Biocote Ltd.; 3M Company; Microban International; Sanitized AG; Clean Control Corporation; Adam’s Polishes; GardGroup Inc.; Ziebart International Corporation; Biopledge LLC; Dow Chemical Company; Clariant AG, Addmaster (UK) Ltd.; Clorox Professional Products Company |
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Customization & Pricing | Available upon Request |
The antimicrobial car care products market is estimated to be worth around US$ 194.0 Mn in 2022.
As per FMI, the antimicrobial car care products market is forecast to register a CAGR of 7.3% between 2022 and 2030.
The antimicrobial car care products market grew at a CAGR of 5.8% between 2015 and 2021.
Growing consumer awareness about benefits of maintain proper hygienic condition of vehicles, introduction of new cleaning products and rising sales of passengers are some of the key factors shaping the growth of the market.
The North American antimicrobial car care products market is anticipated to hold over 28.2% share in 2022.
The Europe antimicrobial car care products market is expected to account for around at 36.1% share in 2022.
Biocote Ltd., 3M Company, Microban International, Sanitized AG, Clean Control Corporation, Adam’s Polishes, GardGroup Inc., Ziebart International Corporation, Biopledge LLC, Dow Chemical Company, Clariant AG, Addmaster (UK) Ltd., Clorox Professional Products Company are some of the leading players operating in the antimicrobial car care products market.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand Side Trends 1.3. Supply Side Trends 1.4. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Key Success Factors 4. Global Antimicrobial Car Care Products Market - Demand Analysis 2015-2021 and Forecast, 2022-2030Historical Market Volume (KL) Analysis, 2015-2021 4.1. Current and Future Market Volume (KL) Projections, 2022-2030 4.2. Y-o-Y Growth Trend Analysis 5. Global Antimicrobial Car Care Products Market - Pricing Analysis 6. Global Antimicrobial Car Care Products Market - Demand (in Value or Size in US$ Mn) Analysis 2015-2021 and Forecast, 2022-2030 6.1. Historical Market Value (US$ Mn) Analysis, 2015-2021 6.2. Current and Future Market Value (US$ Mn) Projections, 2022-2030 6.2.1. Y-o-Y Growth Trend Analysis 6.2.2. Absolute $ Opportunity Analysis 7. Market Background 7.1. Macro-Economic Factors 7.2. COVID - 19 Impact Assessment 7.3. Parent Market Overview 7.4. Market Dynamics 7.4.1. Drivers 7.4.2. Restraints 7.4.3. Opportunity 7.5. Value Chain Analysis (Antimicrobial Car Care Products) 7.6. Forecast Factors: Relevance and Impact 8. Global Antimicrobial Car Care Products Market Analysis 2015-2021 and Forecast 2022-2030 By Type 8.1. Introduction / Key Findings 8.2. Historical Market Size (US$ Mn) and Volume Analysis By Type, 2015-2021 8.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Type, 2022-2030 8.3.1.1. Fabric & Surface Cleaners 8.3.1.2. Foam Cleaners 8.3.1.3. Coating Shield 8.4. Market Attractiveness Analysis By Type 9. Global Antimicrobial Car Care Products Market Analysis 2015-2021 and Forecast 2022-2030, By Vehicle Type 9.1. Introduction / Key Findings 9.2. Historical Market Size (US$ Mn) and Volume Analysis By Vehicle Type, 2015-2021 9.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Vehicle Type, 2022-2030 9.3.1. Passenger Cars 9.3.2. Commercial Cars 9.4. Market Attractiveness Analysis By Vehicle Type 10. Global Antimicrobial Car Care Products Market Analysis 2015-2021 and Forecast 2022-2030, By Sales Channel 10.1. Introduction / Key Findings 10.2. Historical Market Size (US$ Mn) and Volume Analysis By Sales Channel, 2015-2021 10.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Sales Channel, 2022-2030 10.3.1. Online 10.3.2. Offline 10.4. Market Attractiveness Analysis By Sales Channel 11. Global Antimicrobial Car Care Products Market Analysis 2015-2021 and Forecast 2022-2030, by Region 11.1. Introduction 11.2. Historical Market Size (US$ Mn) and Volume Analysis By Region, 2015-2021 11.3. Current Market Size (US$ Mn) and Volume Analysis and Forecast By Region, 2022-2030 11.3.1. North America 11.3.2. Latin America 11.3.3. Europe 11.3.4. East Asia 11.3.5. South Asia & Pacific 11.3.6. Middle East and Africa (MEA) 11.4. Market Attractiveness Analysis By Region 12. North America Antimicrobial Car Care Products Market Analysis 2015-2021 and Forecast 2022-2030 12.1. Introduction 12.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2015-2021 12.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022-2030 12.3.1. By Country 12.3.1.1. U.S. 12.3.1.2. Canada 12.3.2. By Type 12.3.3. By Vehicle Type 12.3.4. By Sales Channel 12.4. Market Attractiveness Analysis 12.4.1. By Country 12.4.2. By Type 12.4.3. By Vehicle Type 12.4.4. By Sales Channel 12.5. Regional Dynamics Impact 13. Latin America Antimicrobial Car Care Products Market Analysis 2015-2021 and Forecast 2022-2030 13.1. Introduction 13.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2015-2021 13.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022-2030 13.3.1. By Country 13.3.1.1. Brazil 13.3.1.2. Mexico 13.3.1.3. Rest of Latin America 13.3.2. By Type 13.3.3. By Vehicle Type 13.3.4. By Sales Channel 13.4. Market Attractiveness Analysis 13.4.1. By Country 13.4.2. By Type 13.4.3. By Vehicle Type 13.4.4. By Sales Channel 13.5. Regional Dynamics Impact 14. Europe Antimicrobial Car Care Products Market Analysis 2015-2021 and Forecast 2022-2030 14.1. Introduction 14.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2015-2021 14.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022-2030 14.3.1. By Country 14.3.1.1. Germany 14.3.1.2. Italy 14.3.1.3. France 14.3.1.4. U.K. 14.3.1.5. Spain 14.3.1.6. BENELUX 14.3.1.7. Russia 14.3.1.8. Rest of Europe 14.3.2. By Type 14.3.3. By Vehicle Type 14.3.4. By Sales Channel 14.4. Market Attractiveness Analysis 14.4.1. By Country 14.4.2. By Type 14.4.3. By Vehicle Type 14.4.4. By Sales Channel 14.5. Regional Dynamics Impact 15. East Asia Antimicrobial Car Care Products Market Analysis 2015-2021 and Forecast 2022-2030 15.1. Introduction 15.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2015-2021 15.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022-2030 15.3.1. By Country 15.3.1.1. China 15.3.1.2. Japan 15.3.1.3. South Korea 15.3.2. By Type 15.3.3. By Vehicle Type 15.3.4. By Sales Channel 15.4. Market Attractiveness Analysis 15.4.1. By Country 15.4.2. By Type 15.4.3. By Vehicle Type 15.4.4. By Sales Channel 15.5. Market Trends 16. South Asia & Pacific Antimicrobial Car Care Products Market Analysis 2015-2021 and Forecast 2022-2030 16.1. Introduction 16.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2015-2021 16.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022-2030 16.3.1. By Country 16.3.1.1. India 16.3.1.2. ASEAN 16.3.1.3. Rest of South Asia & Pacific 16.3.2. By Type 16.3.3. By Vehicle Type 16.3.4. By Sales Channel 16.4. Market Attractiveness Analysis 16.4.1. By Country 16.4.2. By Type 16.4.3. By Vehicle Type 16.4.4. By Sales Channel 16.5. Regional Dynamics Impact 17. Middle East and Africa Antimicrobial Car Care Products Market Analysis 2015-2021 and Forecast 2022-2030 17.1. Introduction 17.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2015-2021 17.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022-2030 17.3.1. By Country 17.3.1.1. GCC Countries 17.3.1.2. Turkey 17.3.1.3. Northern Africa 17.3.1.4. South Africa 17.3.1.5. Rest of Middle East and Africa 17.3.2. By Type 17.3.3. By Vehicle Type 17.3.4. By Sales Channel 17.4. Market Attractiveness Analysis 17.4.1. By Country 17.4.2. By Type 17.4.3. By Vehicle Type 17.4.4. By Sales Channel 17.5. Regional Dynamics Impact 18. Emerging Countries Antimicrobial Car Care Products Market Analysis 2015-2021 and Forecast 2022-2030 18.1. Introduction 18.1.1. Market Value Proportion Analysis, By Key Countries 18.1.2. Global Vs. Country Growth Comparison 18.2. China Antimicrobial Car Care Products Market Analysis 18.2.1. Introduction 18.2.2. Market Value Proportion Analysis by Market Taxonomy 18.2.3. Market Volume (KL) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy 18.2.3.1. By Type 18.2.3.2. By Vehicle Type 18.2.3.3. By Sales Channel 18.3. ASEAN Antimicrobial Car Care Products Market Analysis 18.3.1. Introduction 18.3.2. Market Value Proportion Analysis by Market Taxonomy 18.3.3. Market Volume (KL) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy 18.3.3.1. By Type 18.3.3.2. By Vehicle Type 18.3.3.3. By Sales Channel 18.4. Brazil Antimicrobial Car Care Products Market Analysis 18.4.1. Introduction 18.4.2. Market Value Proportion Analysis by Market Taxonomy 18.4.3. Market Volume (KL) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy 18.4.3.1. By Type 18.4.3.2. By Vehicle Type 18.4.3.3. By Sales Channel 19. Market Structure Analysis 19.1. Market Analysis by Tier of Companies (Antimicrobial Car Care Products) 19.2. Market Concentration 19.3. Market Share Analysis of Top Players 20. Competition Analysis 20.1. Key Players - Market Positioning 20.2. Global Tier Structure Analysis 20.3. Competition Dashboard 20.4. Competition Deep Dive 20.4.1. 3M Company 20.4.1.1. Overview 20.4.1.2. Product Portfolio 20.4.1.3. Profitability by Market Segments (Product/Channel/Region) 20.4.2. Adam Polishers 20.4.2.1. Overview 20.4.2.2. Product Portfolio 20.4.2.3. Profitability by Market Segments (Product/Channel/Region) 20.4.3. BioCote Limited 20.4.3.1. Overview 20.4.3.2. Product Portfolio 20.4.3.3. Profitability by Market Segments (Product/Channel/Region) 20.4.4. Clean Control Corporation 20.4.4.1. Overview 20.4.4.2. Product Portfolio 20.4.4.3. Profitability by Market Segments (Product/Channel/Region) 20.4.5. Microban International 20.4.5.1. Overview 20.4.5.2. Product Portfolio 20.4.5.3. Profitability by Market Segments (Product/Channel/Region) 20.4.6. GardGroup Inc. 20.4.6.1. Overview 20.4.6.2. Product Portfolio 20.4.6.3. Profitability by Market Segments (Product/Channel/Region) 20.4.7. Ziebart International Corporation 20.4.7.1. Overview 20.4.7.2. Product Portfolio 20.4.7.3. Profitability by Market Segments (Product/Channel/Region) 20.4.8. Clariant AG 20.4.8.1. Overview 20.4.8.2. Product Portfolio 20.4.8.3. Profitability by Market Segments (Product/Channel/Region) 20.4.9. SANITIZED AG 20.4.9.1. Overview 20.4.9.2. Product Portfolio 20.4.9.3. Profitability by Market Segments (Product/Channel/Region) 20.4.10. Addmaster (UK) Ltd 20.4.10.1. Overview 20.4.10.2. Product Portfolio 20.4.10.3. Profitability by Market Segments (Product/Channel/Region) 20.4.11. The Clorox Company 20.4.11.1. Overview 20.4.11.2. Product Portfolio 20.4.11.3. Profitability by Market Segments (Product/Channel/Region) 20.4.12. The Dow Chemical Company 20.4.12.1. Overview 20.4.12.2. Product Portfolio 20.4.12.3. Profitability by Market Segments (Product/Channel/Region) 21. Assumptions and Acronyms Used 22. Research Methodology
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