South Korea Car Care Products Market Size & Outlook
South Korea car care products market, 2017-2030 (US$M)
Related Markets
South Korea car care products market highlights
- The South Korea car care products market generated a revenue of USD 116.8 million in 2021 and is expected to reach USD 167.6 million by 2030.
- The South Korea market is expected to grow at a CAGR of 4.1% 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 116.8 million |
| Market revenue in 2030 | USD 167.6 million |
| Growth rate | 4.1% (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, South Korea accounted for 1.1% 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 Asia Pacific, China car care products market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,806.3 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Car Care Products Market Scope
Car Care Products Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea 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 29.62% in 2021. Horizon Databook has segmented the South Korea 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 South Korean car care products market is expected to witness an upscale growth in the coming years on account of expanding automobile sector in the country. The automobile industry in South Korea accounted for the fifth-largest automobile manufacturing across the globe in 2021 and is expected to gain momentum over the coming years.
This is expected to support the market for car care products on a positive note. Major automotive manufacturers in the country include Hyundai, CT&T, KIA, Renault, and Ssangyong. These manufacturers are the pioneers in the passenger car and utility vehicle segment in the country and thus, are aiming to achieve business growth by offering vehicles with advanced features and attractive aesthetics.
Moreover, the maintenance of vehicles in the country is given importance in light of consumer trends for vehicle maintenance, which is expected to upscale the demand for car care products of different grades.
Reasons to subscribe to South Korea car care products market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of South Korea car care products market databook
-
Our clientele includes a mix of car care products market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Korea car care products market , including forecasts for subscribers. This country databook contains high-level insights into South Korea car care products market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea car care products market size, by product, 2017-2030 (US$M)
South Korea Car Care Products Market Outlook Share, 2021 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
