Iran Car Care Products Market Size & Outlook, 2021-2030
Iran car care products market, 2017-2030 (US$M)
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Iran car care products market highlights
- The Iran car care products market generated a revenue of USD 144.8 million in 2021 and is expected to reach USD 214.6 million by 2030.
- The Iran market is expected to grow at a CAGR of 4.5% from 2022 to 2030.
- In terms of segment, car cleaning products was the largest revenue generating product in 2021.
- Car Cleaning Products is the most lucrative product segment registering the fastest growth during the forecast period.
Car care products market data book summary
| Market revenue in 2021 | USD 144.8 million |
| Market revenue in 2030 | USD 214.6 million |
| Growth rate | 4.5% (CAGR from 2021 to 2030) |
| Largest segment | Car cleaning products |
| Fastest growing segment | Car Cleaning Products |
| Historical data | 2017 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Car Cleaning Products, Car Polish, Car Wax, Wheel & Tire Care Products, Glass Cleaners, Interior Care Products |
| Key market players worldwide | 3M Co, Sonax, Tetrosyl Limited, Chemical Guys, Wurth Group, MA-FRA, Cartec, Turtle Wax, Inc, Liqui Moly, Autoglym, Mothers, Adam’s Polishes, Griot's Garage, Jopasu |
Other key industry trends
- In terms of revenue, Iran accounted for 1.4% of the global car care products market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Iran car care products market is projected to lead the regional market in terms of revenue in 2030.
- Iran is the fastest growing regional market in Middle East & Africa and is projected to reach USD 214.6 million by 2030.
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Car Care Products Market Scope
Car Care Products Market Companies
| Name | Profile | # Employees | HQ | Website |
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Iran car care products market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to car care products market will help companies and investors design strategic landscapes.
Car cleaning products was the largest segment with a revenue share of 27.97% in 2021. Horizon Databook has segmented the Iran car care products market based on car cleaning products, car polish, car wax, wheel & tire care products, glass cleaners, interior care products covering the revenue growth of each sub-segment from 2017 to 2030.
After the oil industry, the automotive industry in Iran is the second largest industry in the country but the Iranian automobile industry does not hold a notably enviable position in the world, and it has yet to achieve the status of a second-class auto manufacturer. Most of the automobile industries in the country have been assembling products of larger global companies during its years of activity. It is one of the largest automobile markets in the region owing to the growing domestic production of auto components and rising consumer demand.
Iran’s car industry has been under growing pressure since the Trump Administration re-imposed sanctions in August 2018. The government of Iran had banned the importing of cars for the past two years, Iranian car manufacturing companies have grabbed the chance to entirely monopolize the local market and have become self-sufficient in the production of some automotive parts. In August 2020,
MAPNA Group collaborated with Iran Khodro (IKCO), Iran’s largest automobile manufacturing company, for the development of a roadmap for manufacturing electric vehicles. The government has passed supportive policies for the development of EV platforms. Hence, strict regulations on the import of cars and related products are expected to boost the domestic automotive market.
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Our clientele includes a mix of car care products market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Iran car care products market , including forecasts for subscribers. This country databook contains high-level insights into Iran car care products market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Iran car care products market size, by product, 2017-2030 (US$M)
Iran Car Care Products Market Outlook Share, 2021 & 2030 (US$M)
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