The Tire & Wheel Cleaners Market is expected to reach USD 2023.3 million by 2032, at a 2.50% CAGR. Tire and wheel cleaners are cleaning solutions used to maintain and clean the tire and wheels of automobiles in order to keep the vehicle's appealing appearance.
The Tire and Wheel get badly affected due to the rough road conditions, mud, and grime that accumulates within the wheels and tires which may affect the performance of the tire. It is important to wash tires and wheels on a regular basis using different cleaners agents.
The global tire and wheel cleaners market is mainly driven by the growth of the car wash and car care industry globally. Also, DIY (Do It Yourself) activities and increasing spending by vehicle owners for maintaining their vehicles are boosting the growth of the market.
The increasing demand for automated car wash centers and surging demand for maintenance of hot rods and antique vehicles globally is anticipated to propel the growth of the tire and wheel cleaners market growth.
| Attributes | Details |
|---|---|
| Market Size (2021) | USD 1,768.4 million |
| Market Size 2022 | USD 1,812.6 million |
| Market Size 2032 | USD 2,023.3 million |
| Value CAGR (2022 to 2032) | 2.50% |
With increasing awareness of vehicle maintenance among vehicle owners, the demand for car wash centers has been surging. This has a positive impact on the tire and wheel cleaning market.
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The analysis of the Tire & Wheel Cleaners Market estimates its value at USD 1,812.6 million in 2022 and reveals a historical growth rate of less than 1.30% CAGR for the period of 2017 to 2021.
Demand for Tire and Wheel Cleaners will grow at a steady pace with the rapid expansion of the automotive industry. The demand for automobiles such as Passenger cars, Light Commercial Vehicles (LCVs), and Heavy Commercial Vehicles (HCVs) is rising, which has resulted in an increase in vehicle production as well as the manufacture of related accessories like Tires and Wheel Cleaners. The major driving factor fueling the growth of Tire and Wheel Cleaners is an increase in demand for all wheater tire and wheel cleaners because of bad weather and roads. Increasing preference towards the improved exterior look of car wheels is expected to witness the growth in Tire and Wheel Cleaners Market.
High service cost for car maintenance at a professional service station is a factor for individual owners opting for the retail purchase of the Tire and Wheel Cleaners and self-application. Moreover, the availability of a wide range of options to choose from in the local market has supported the growth of the Tire and Wheel Market.
According to the most recent FMI analysis, the market is expected to grow at a rate of 2.50% between 2022 and 2032.
Increased spending on car maintenance by vehicle owners is predicted to boost the tire and wheel cleaners market. Moreover, growing consumer preference for auto care solutions that helps to improve the performance and appearance of vehicles is anticipated to propel the market growth. Increasing sales of two-wheelers and automobiles are also predicted to indirectly drive the demand for the tires and wheel cleaners market.
Increased vehicle sales are the primary drivers in the worldwide tire and wheel cleaners industry. The worldwide tire and wheel cleaners market is primarily driven by the expanding car wash and car maintenance industry.
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Tire and wheel compatibility is different for different wheels depending on the materials of the tires and wheels, if the necessary cleaners are not used for the appropriate Tire and Wheel, they are chances the tire or wheel may get damaged.
The use of toxic chemicals and compounds used in the manufacturing of these cleaning agents is one of the major factors which may hinder the market growth. There are different types of tire & wheel cleaners available in the market, and they all use the same formula for production. They typically use a mixture of acids, ammonia-based compounds, solvents, and water. Some of the mixtures like acids are highly toxic that can be hazardous for the end user. It also affects the wheel’s finish and also created problems such as skin and eye irritation if used without protective gears.
Asia Pacific is likely to experience tremendous growth as key players in the automotive industry are shifting their operations to this region. Increased foreign direct investment (FDI) in the automobile sector is fueling the expansion of the Tire and Wheel cleaners market for this region.
North America is anticipated to hold the largest market share by the end of the forecast period, due to its strong position in the car wash industry. North America followed by Europe is anticipated to hold the largest share of the global car wash industry.
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Key players operating in the Tire & Wheel Cleaners market include Eagle One, The Armor All, Meguiar's Inc, BLACK MAGIC, Mothers, Polishes Waxes Cleaners, Autoglym, Karnavati Brush Mfg. Co, Laxmi Brush Industries among, others.
| FAttribute | Details |
|---|---|
| Growth Rate | CAGR of 2.50% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2017 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million, Volume in Units, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Cleaner Type, Wheel Type |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia & Pacific; Middle East and Africa |
| Key Countries Covered | United States of America, Canada, Mexico, Brazil, Germany, Italy, France, United Kingdom, Spain, Benelux, Russia, China, Japan, South Korea, India, ASIAN, ANZ, GCC Countries, Turkey, South Africa, North Africa |
| Key Companies Profiled | Eagle One; The Armor All; Meguiar's Inc; MUC-OFF; BLACK MAGIC; Mothers; Polishes Waxes Cleaners; Autoglym among; Karnavati Brush Mfg. Co; Laxmi Brush Industries; 3M; Others |
| Customization & Pricing | Available upon Request |
In 2021, the value of the Tire & Wheel Cleaners Market reached over USD 1,768.4 million.
During the forecast period, the Tire & Wheel Cleaners Market is estimated to expand at a CAGR of 2.50% from 2022 to 2032.
The Tire & Wheel Cleaners Market is projected to reach USD 2,320.3 million by the end of 2032.
East Asia region is projected to lead the Tire & Wheel Cleaners Market in the forecast period.
Key players operating in the Tire & Wheel Cleaners market include Eagle One, The Armor All, Meguiar's Inc, MUC-OFF, BLACK MAGIC, Mothers, Polishes Waxes Cleaners, Autoglym among, others.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Cleaner Type 6.2. Wheel Types 7. Global Market Analysis and Forecast, By Cleaner Type 7.1. Alloy Wheel Cleaners 7.2. Tire Dressings 7.3. Metal Polish 7.4. Wheel Brushes 7.5. Tire Swipes 8. Global Market Analysis and Forecast, By Wheel Types 8.1. Aluminium Alloy Wheels 8.2. Chrome Plated Wheels 8.3. Rough Cast Alloy Wheels 8.4. Others (Anodized Wheels, PVD Coated Wheels) 9. Global Market Analysis and Forecast, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. South Asia & Pacific 9.5. East Asia 9.6. Middle East & Africa 10. North America Sales Analysis and Forecast, by Key Segments and Countries 11. Latin America Sales Analysis and Forecast, by Key Segments and Countries 12. Europe Sales Analysis and Forecast, by Key Segments and Countries 13. South Asia & Pacific Sales Analysis and Forecast, by Key Segments and Countries 14. East Asia Sales Analysis and Forecast, by Key Segments and Countries 15. Middle East & Africa Sales Analysis and Forecast, by Key Segments and Countries 16. Sales Forecast by Cleaner Type and Wheel Types for 30 Countries 17. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 18. Company Profile 18.1. Eagle One 18.2. The Armor All 18.3. Meguiar's Inc 18.4. MUC-OFF 18.5. BLACK MAGIC 18.6. Mothers 18.7. Polishes Waxes Cleaners 18.8. Autoglym 18.9. Karnavati Brush Mfg. Co 18.10. Laxmi Brush Industries 18.11. 3M 18.12. Others
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Tire & Wheel Cleaners Market
