NEWARK, Del, Aug. 19, 2024 (GLOBE NEWSWIRE) -- The global car wash detergent and soap market is expected to reach USD 10060.4 million in 2024 and is forecasted to grow at a rate of 5.2% from 2024 to 2034, reaching total sales of USD 16702.2 million by 2034. Demand in the car wash industry is being fueled by the need for professional car wash centers amid the growing awareness to maintain car hygiene and appearance.
The global surge in vehicles on the road is expected to increase the demand for car wash services. Premium car wash products are expected to experience increased demand due to the rising awareness among consumers regarding the importance of maintaining car hygiene and appearance. The industry has a growing demand for sustainable car wash detergents and soaps. Changing consumer preferences are expected to pave the way for innovation in the sector.
Growth in online shopping enables consumers to easily purchase car wash detergents and soaps, opening up opportunities for direct-to-consumer sales. Collaboration with the chemical industry will enable manufacturers to establish a steady regulatory framework and ensure a sustainable supply chain for raw materials.
Increasing Vehicle Fleet Size and Per Capita Spending in Developing Nations to Support Spending on Car Care
Rapid urbanization and population growth, primarily in developing countries, are expected to lead to economic development. Uncontrolled rapid urbanization will lead to the expansion of automotive fleet size, which is expected to create significant opportunities for the automotive aftermarket and in turn fuel the demand for car wash detergents and soaps.
Over the years, there has been a significant shift towards professional car washing, due to the changing preference of owners and increasing focus towards car care. Attributing to this, there is an increase in the demand for different car care products to maintain the looks and aesthetics of vehicles, which is positive impacting the car wash detergents and soaps market.
In recent years, car owners have been proudly taking ownership of their cars and emphasizing on vehicle maintenance. Attributing to this, there has been a rise in the spending on car washing activities. The increasing per capita spending of developing nations is also contributing to the increasing spending on car care, which is driving the growth of the car wash detergents and soaps market.
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Key Takeaways from the Market Report
- The global car wash detergent and soap market is set to reach USD 16702.2 million by 2034, with a projected CAGR of 5.2%.
- Based on product type, presoaks accounted for a market share of 28.9% in 2024
- By form, liquid is leading with a value share of 70.9% in 2024.
- India is anticipated to record a CAGR of 7.7% between 2024 to 2034.
- Sales in China are projected to rise at a CAGR of 5.8% by 2034.
“Busy lifestyles are driving the demand for convenient car wash solutions and professional car care services,” Says Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).
Who’s winning?
Leading car wash detergent and soap companies including Spectrum Brands Holdings Inc., Kao Corporation, 3M Company, and Turtle Wax Inc., are working toward adapting to changing consumer demands. They are developing sustainable products and cleaning solutions to attract the eco-conscious consumers. They are also focusing on regional preferences, self-service car washes, and subscription boxes. Nano-technology is being integrated to enhance cleaning capabilities and incorporate in-built water-repellent properties to revolutionize car care routines.
Industry Updates
- HD Hyundai Oil Bank, in May 2024, signed an agreement with Come in Wash, a no-brush car wash service operator to accelerate the distribution of an automated no-brush tunnel wash system to its gas station.
- ScrubaDub, New England’s leading car wash company since 1996, in February 2024, announced the opening of its newest location in Worcester, MA.
Leading Car Wash Detergent and Soap Players
- Spectrum Brands Holdings Inc.
- Kao Corporation
- 3M Company
- Turtle Wax Inc.
- Mothers Polishes Wax Cleaners Inc.
- Lee Soap Inc.
- Shore Corporation
- JBS Industries
- Griot's Garage
- Stinger Chemical Corporation
Liquid Detergents Lead the Car Wash Market with Versatility and Efficiency
In 2024, liquid detergents are set to capture a commanding 70.9% value share in the car wash market. Their adaptability to various washing methods makes them a go-to choice for both professionals and budget-conscious consumers. Easily diluted with water, these detergents offer precise control, ensuring an efficient and thorough clean.
Dominating commercial and automated car wash systems, liquid detergents are favored for their convenience and effectiveness. Widely available in retail and car care shops, manufacturers are now innovating to create eco-friendly, water-saving, and high-performance options, solidifying their position at the forefront of the market.
Get More Insights into the Car Wash Detergent and Soap Market Report
In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the car wash detergent and soap market, providing historical data from 2019 to 2023 and forecast statistics for the period 2024 to 2034. To understand the industry potential, growth, and scope, the industry is segmented based on product type (pre-soaks, foam detergents, drying agents, triple foams, surface protectants, wheel cleaners, and shampoo), form (liquid, gel, and foam-based), sales channel (department stores, supermarkets and hypermarkets, automotive parts outlet, online retailing, and franchise outlet), and region (North America, Latin America, Western Europe, South Asia, East Asia, Eastern Europe, and the Middle East and Africa).
About the Chemicals and Materials Division at Future Market Insights (FMI)
The chemicals and materials division of Future Market Insights (FMI) offers a distinct and pinpoint analysis of the chemicals and materials industry. This exhaustive coverage extends from commodity, bulk, specialty, and petrochemicals to advanced materials, composites, and nanotechnology in particular, with special emphasis on ‘green alternatives, recycling and renewable technology developments, and supply-demand-trade assessment. Our research studies serve as referencing industry guidelines for chemical manufacturers, research institutions, channel partners, and government bodies for developing – ‘The Way Forward’.
Authored By
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
Have a Look at Related Research Reports of Chemicals & Materials
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