Car Covers Market research, Revenue, Statistics, Industry Growth and Demand Analysis Research Report by 2027
Market Overview
Car Covers Market Size was valued at USD 787.2 million in 2021. The Car Covers market industry 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). Increasing awareness regarding the safety of the vehicle is driving market growth.
The market of the global car covers markets is well anticipated to witness huge growth during the forecast timeline because of the increased demand for automobiles especially for cars because of the increased consumer disposable income and also some high chances in the consumer's living standards. Also, the car covers market research demand has increased due to the changing climate and also the increased global warming which has been affecting cars. The market of the global car covers shall experience good growth because of the use it offers. It can offer protection to the parked cars from different exterior elements like acid rain, UV rays, dust, dirt and also the wind-borne particles. If a car is not used for quite a long time span, the chances of it getting dusty are more. It can also get dirty due to rain, snow, wind and falling leaves. If the car is left without any kind of cover for a long span of time then dust can easily accumulate in some crucial engines part which can affect the overall functioning. Car covers offer ample advantages.
The increased awareness amongst the consumers associated with the safety of the vehicle is showing a good potentiality for driving the growth of the part of car covers for protecting the cars which are parked outdoor and also indoor from different effects of different environmental calamities like sunshine, rain, storm and snowfall to name some. Car covers help in providing a better shield to the vehicle against dust, dirt, tree leaves, moisture, sap and bird droppings as well.
Post the covid 19 outbreak, there have been many impacts on different industries and most of them were quite long-term. The impact of the industrial growth during the forecast time-span made the whole situation worst. Further the pandemic crises affected the economy at the global level. There were many countries' GDPs that reduced to a great extent in the very first quarter of 2020. In the pandemic crisis that happened due to the covid 19, the non-essential commodities purchases were affected badly and reduced by a huge amount in the whole population. There had been many industries' revenue hugely dipped down because of the pandemic.
Market Segmentation
As per Product Type
l Conventional
l Automatic
l Semi-automatic
As per End Use
l Vehicle manufacturers
l Individual
As per Distribution Channel
l Non-Store-Based
l Store-Based
As per Region
l North America
l Europe
l Asia-Pacific
l South America
l Africa
l Middle East
Regional Classification
As per the regional analysis that has been made, the market of the global car covers is segmented into regions like Europe, North America, Asia Pacific and the rest of the world. Presently, North America is said to be holding a huge market share.
Industry News
The companies like Coverking, Covercraft Industries, and Budge Industries are the key players in this market.
Key Companies in the Car Covers market reports include
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
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