India Commercial Car Care Products Market Forecast to 2028 - COVID-19 Impact and Country Analysis By Product (Chain & Carburetor Spray, Silicon Spray, Windshield Glass Cleaner, Pressure Washers & Steam Cleaners, Polish Wax, Clay Bars & Sponges, Brake Clea

India Commercial Car Care Products Market Forecast to 2028 - COVID-19 Impact and Country Analysis By Product (Chain & Carburetor Spray, Silicon Spray, Windshield Glass Cleaner, Pressure Washers & Steam Cleaners, Polish Wax, Clay Bars & Sponges, Brake Cleaners & Bleeding Kits, Dashboard Cleaners, WD 40, Engine D-Greaser, Car Interior Cleaners, Tire Dresser, Battery Terminal Cleaner/Spray, Engine Contact Cleaner, Engine Foam Cleaner, Engine Shine & Protector, Engine Oil Flush For 2 & 4-Wheeler, Radiator Flush, Engine Oil Additive Cleaner, Fuel Injector Cleaner, Engine Fuel Treatment Additive Cleaner, Additive Flusher, Contact Cleaners, Adhesive Cleaner, and Others), Category (Interior and Exterior), and End User [Original Equipment Suppliers (OES) and Independent Aftermarket (IAM)]

The commercial car care products market in India is expected to grow from US$ 228.68 million in 2021 to US$ 513.86 million by 2028; it is estimated to grow at a CAGR of 12.3% from 2022 to 2028.

In India, a resurgence in new and used vehicle sales, aided by a rise in travel rates, is expected to boost the demand for auto maintenance products rapidly further influencing the demand in the India commercial car care products market. India Automotive Mission Plan 2016-26 is a collaborative endeavor by the Indian government and the Indian automotive industry to develop a path for the sector's development. India is a major vehicle exporter with excellent export growth prospects. Furthermore, various initiatives by the Indian government and key automotive manufacturers in the Indian market are predicted to propel the country to the forefront of the global two-wheeler and four-wheeler industries by the end of 2022.

The union cabinet launched the production-linked incentive (PLI) scheme in the automobile and auto components industries, led by prime minister Narendra Modi. With a budget of US$ 3.5 billion, the PLI scheme provides financial incentives of up to 18% to encourage domestic manufacturing of innovative automotive technology and attract investments in automotive manufacturing. From April 1, 2022, incentives are used to determine sales of items made in India for five years. Recent developments such as bio-based vehicle wash solutions like detergents and soaps have shaped manufacturers' product development strategies. The worldwide auto care products market's potential is still influenced by its simplicity of use and low price point. With the recent automobile releases, it is projected that the network expansion of the India commercial car care products market would increase its footprint. Turtle Wax is entering India to capitalize on the increasing auto care sector. Turtle Wax now offers a wide range of car care goods, including exterior and interior care items, but it will not open its retail store. Instead, the company will concentrate on expanding its presence across the country by partnering with existing accessories and detailing retailers and selling its products online.

Key Insights:

The India commercial car care products market is expected to grow with the introduction of antimicrobial vehicle care products. Many car care product manufacturers, car owners, and customers acknowledge the need for a germ-free surface. This is driving the India commercial car care products market. Along with CarDekho and Cars24, OLX has been a frontrunner in the used automobile sales industry. Big Boy Toys is a leader in the resale of used luxury automobiles. Initially, the market for pre-owned luxury automobiles was limited to metropolitan areas. According to Big Boy Toys, local retailers and internet players have extended the India commercial car care products market to the point that interested clients from tier-1 and tier-2 cities may now acquire luxury cars.

The report segments the India commercial car care products market as follows:

Based on product, the India commercial car care products market is segmented into chain and carburetor spray, silicon spray, windshield glass cleaner, pressure washers and steam cleaners, polish wax, clay bars and sponges, brake cleaners and bleeding kits, dashboard cleaners, WD 40, engine D-greaser, car interior cleaners, tire dresser, battery terminal cleaner/ spray, engine contact cleaner, engine foam cleaner, engine shine and protector, engine oil flush for 2 and 4-wheeler, radiator flush, engine oil additive cleaner, fuel injector cleaner, engine fuel treatment additive cleaner, additive flusher, contact cleaners, adhesive cleaner, and others. The car interior cleaners segment led the India commercial car care products market with the largest share in 2021. In terms of category, the India commercial car care products market is segmented into interior and exterior. The exterior segment led the market with a larger share in 2021. Based on end user, the India commercial car care products market is segmented into original equipment suppliers (OES) and independent aftermarket (IAM). The original equipment suppliers (OES) segment led the market with a larger share in 2021.

3M,Shell Plc, Auto Bros, Pidilite Industries Ltd., Twin Tech India Pvt. Ltd, Clensta International, Miracle, Kangaroo Auto Care, Green Duck Industries, and Wavex are companies operating in the India commercial car care products market.

The overall India commercial car care products market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the India commercial car care products market with respect to all the market segments. Multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights into the topic. This process includes experts such as VPs, business development managers, market intelligence managers, national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the India commercial car care products market.

Reasons to Buy

To understand the India commercial car care products market landscape and identify market segments that are most likely to guarantee a strong return
To stay ahead of the race by comprehending the ever-changing competitive market landscape
To efficiently plan mergers and acquisitions and partnership deals in the India commercial car care products market by identifying market segments with the most promising probable sales
To make knowledgeable business decisions from a perceptive and comprehensive analysis of the market performance of various segments in the market
To obtain the India commercial car care products market revenue forecast on the basis of various segments for the period 2022–2028.

The List of Companies - India Commercial Car Care Products Market

1. 3M
2. Shell Plc
3. Auto Bros
4. Pidilite Industries Ltd.
5. Twin Tech India Pvt. Ltd
6. Clensta International
7. Miracle
8. Kangaroo Auto Care
9. Green Duck Industries
10. Wavex