Car Covers Market Trends, Revenue and Volume Analysis and Segment Information up to 2030
Car Covers Market Overview:
Car Covers Market Size was valued at USD 787.2 million in
2021. The Car
Covers Market Share is projected to grow from USD 791.4 Million
in 2022 to USD 1021.12 million by 2030, exhibiting a compound annual growth
rate (CAGR) of 3.2% during the forecast period (2022 - 2030).
Car covers are mostly used for personal use by vehicle
manufacturers, 4S stores, and others. Personal liability insurance would cover
over 90 percent of the total cost in 2014. The rise in automotive consumption
within the industry is likely to continue within the remaining years of the
forecast timeframe, as demand grows rapidly due to increased consumer
inclination, rising numbers of private automobiles, plus improving vehicle
awareness.
The car covers shield the windscreen against dirt and dust,
allowing for a clear vision and preventing further damage. Nevertheless, there
are certain drawbacks to using a car cover, such as if it is not properly
installed. This might generate friction between the covering and the vehicle,
resulting in paint damage. Another downside is that when the car is not kept
clean, the dust and cover might harm the vehicle's exterior body.
Market Segmentation:
By Product Type
The worldwide car covers market has been classified into
three categories depending on product type: semi-automatic, conventional, and
automatic. In 2020, the conventional segment held the greatest market share,
which is expected to continue throughout the projected period. Car covers in
the traditional sense, can be obtained in any auto accessories store. When
compared to semi-automatic or automatic car covers, they are less expensive.
The conventional vehicle cover market is bigger due to its easy accessibility
and cost of conventional car covers.
By End-Use
Individuals and vehicle manufacturers have been classified
in the car coverings market based on end-use. The industry for the individual
sector is projected to be driven by rising consumer awareness regarding the
safety of their vehicles. In recent years, consumers have become more
interested in purchasing automobile covers. The lockdown limitation has caused
customers to stay inside their houses because of the COVID-19 epidemic. As a
result, cars are frequently parked outside for extended periods. Individuals
that purchase car covers to protect their vehicles from dust, grime, sunlight,
and a variety of other external conditions make up the individual segment.
By Distribution Channel
The vehicle coverings market has been divided into
store-based and non-store-based categories depending on the distribution
channel. In 2020, non-store-based vehicle covers will have a bigger market
share than store-based car covers.
Regional Analysis:
North America Market
North America will lead the market share in 2020. Because of
the increased demand for automobiles, the growth of innovative car covers like
semi-automatic or automatic car covers, and increasing consumer awareness
regarding car safety, the North American market is expected to rise
significantly.
Asia-Pacific Market
For the worldwide vehicle cover market, Asia-Pacific
represents a new revenue source. Consumers within Asia-Pacific are becoming
more aware of the importance of car maintenance. The need for car covers within
the region is projected to increase due to this.
Key Players: The global Key Car Covers Market Players
are.
·
Polco Pvt. Ltd (India)
·
Confezioni Andrea Italia Srl (Italy)
·
California Car Cover Co. (US)
·
MacNeil Automotive Products Limited (US)
·
Coverwell (India)
·
Rampage Products (Georgia)
·
Classic Additions Ltd (UK), among others
Industry News:
In the following years, the worldwide Car
Covers Market Trends is expected to increase significantly. Car
covers help protect parked cars from UV rays, dust, acdrаn, dirt, bird
droppings, wind-borne particles, and animal scratching, among other things.
Whenever a car is not utilized for an extended period, it becomes dusty and can
become dirty due to rаіn, ѕnоw, wіnd, or falling lеаvеѕ.
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