Mexico Car Care Products Market Size & Outlook, 2021-2030
Mexico car care products market, 2017-2030 (US$M)
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Mexico car care products market highlights
- The Mexico car care products market generated a revenue of USD 414.1 million in 2021 and is expected to reach USD 621.9 million by 2030.
- The Mexico market is expected to grow at a CAGR of 4.6% 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 414.1 million |
| Market revenue in 2030 | USD 621.9 million |
| Growth rate | 4.6% (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, Mexico accounted for 4.1% 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 North America, U.S. car care products market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 621.9 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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Mexico 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 28.69% in 2021. Horizon Databook has segmented the Mexico 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.
The automobile industry in Mexico is a significant contributor to the North American automobile industry owing to the presence of major automobile manufacturers in the country. Favorable trade policies and industrial practices in Mexico have attracted multinational players to establish their manufacturing units in the country, thereby augmenting the growth of car care products.
The market for pre-owned cars in the country has surged aftermarket sales for car care products. Consumers are focusing on maintenance and restoration of old vehicles by enhancing the car aesthetics, which, in turn, is likely to create scope for car care products such as wax, polish, and glass cleaners. The growing trend of using light commercial vehicles and trucks as family cars is expected to support the demand for the products over the forecast period.
Moreover, the rise in new vehicle registration in passenger cars and premium cars category coupled with the increasing concern for vehicle maintenance is expected to fuel the demand for car care products over the estimated time.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico car care products market , including forecasts for subscribers. This country databook contains high-level insights into Mexico car care products market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico car care products market size, by product, 2017-2030 (US$M)
Mexico Car Care Products Market Outlook Share, 2021 & 2030 (US$M)
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