According to the research report titled ‘Europe Car Care Products Market Forecast 2027 By Distribution Channel, By Product, By Body Part, By Application, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with MarketStudyReport, Europe car care products market is expected to worth USD 4 billion in value by 2027.

The surging number of vehicle owners, rising awareness concerning regular cleaning and maintenance services, and rapidly increasing innovations in cleaning technologies are some of the factors driving the growth of the Europe car care products market.

Request sample copy of this report: https://www.marketstudyreport.com/request-a-sample/4229243/   

Based on product type, the market is fragmented into wax & cleaning, glazes, protective coatings, and others. Among these, the wax & cleaning segment accounted for over USD 2.5 billion in 2020 and is expected to observe substantial growth over the forecast timeline, owing to focus toward providing protection to the vehicle from minor scratches and improving its overall aesthetic appearance.

Meanwhile, the glazes and coating segment is estimated to register a 1.5% CAGR through 2027, ascribed to the ability of the product to protect cars from minor scratches and swirls and coatings which are used as a protective layer on the actual paint on cars.

Moving on to body parts, Europe car care products industry share from the interior segment is anticipated to record a 1.9% CAGR through 2027, on account of growing emphasis on protecting the dashboard and upholstery from mildew and dust.

Citing the distribution channels, the online segment held a 30% market share in 2020 and is projected to witness substantial growth through the analysis period, primarily attributed to the increasing number of automotive consumers, availability of useful information and heavy discounts or free shipping on online mediums.

Meanwhile, the offline segment is also gaining momentum as customers have the privilege to physically inspect the products before purchasing them.

The geographical scope of Europe car care products market extends to Germany, the U.K., France, Italy, Spain, Russia, and the rest of Europe.

The prominent companies operating in Europe car care products industry are MA-FRA S.p.A., Autoland Car Care, Cartec B.V., Amtra Sp. z.o.o., Liqui Moly GmbH, Autoglym, SCT-Vertriebs GmbH, Tetrosyl Ltd., and   SONAX GmbH.