Global car covers market is expected to foresee significant growth during the forecast period. North America to witness the highest growth
- Himanshu Patni
- November 12, 2021
- AUTOMOTIVE, NEWS
- Car Covers Market, Car Covers Market growth, Car Covers Market report, Car Covers Market share, Car Covers Market size, Car Covers Market trends
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Global car covers market is expected to grow significantly by 2027 expanding at a reasonable CAGR of around 3% during the forecast period (2021-2027). A car cover is used to protect a car against various external factors such as wind, dust, rain, sunshine, etc. it also keeps the car safe and prevents any paint fading, scratching, and discoloring of the interior.
The global car covers market is anticipated to witness an uptick owing to the growing demand for car covers as there is an increase in the trade of motor cars across the different countries. For instance, in 2020, Germany is was the largest exporter of cars accounting for EUR 69 billion i.e., 575 of EU total. Besides, South Africa is also identified as one of the significant hubs for exports of passenger cars in different parts of the world, especially Europe. The export sales made a solid growth in a second consecutive month in January 2021 accounting for 22,771 units indicating an increase of 6,468 units, or 39.7%, as compared to the 16,303 vehicles exported in January 2020.
Furthermore, the rising awareness among the consumers to protect their cars from the scorching heat of the sun while the car is being parked outside and the growing trend of customized car covers is also expected to fuel the car cover market globally.
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Based on product type, the market is segmented into conventional, automatic, and semi-automatic. The conventional segment dominated the car covers market and grabbed XX% market share in 2020 and will witness a considerable CAGR of XX% during the forecast period (2021-2027F) owing to the wide availability of these car covers in the market across the globe.
Based on the distribution channels, the global car covers market is segmented into store-based and non-store-based. The non-store-based segment occupied a substantial share and is expected to grow at a CAGR of XX% during the forecast period 2021-2027. This segment includes various e-commerce sites and company websites also. The rapid development of the internet around the world is attracting more and more car covers manufacturers to sell their car covers via online sales channels.
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Additionally, the report provides detailed report also provides insights into the global car cover market according to the regions such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, India, Australia, Singapore, and Rest of APAC), Rest of World has been conducted. North America dominated the market and generated revenue of USD xx billion in 2020 owing to the well-established market players and frequent product launches.
Covercraft Industries, Coverking Inc., California Car Cover Co., Polco Creations Pvt. Ltd., Coverwell, Classic Additions Ltd., Rampage Products, CONFEZIONI ANDREA ITALIA SRL, MacNeil Automotive Products Limited, Budge Industries are some of the key players operating in the global car covers market. Several M&As along with partnerships have been undertaken by these players to develop various types of car covers.
Global Car Covers Market Segmentation
Market Insight, by Product Type
Market Insight, by Distribution Channel
- Non-store based
Market Insight, by End-Use
- Vehicle manufacturers
Market Insight, by Region
- North America
- United States
- Rest of North America
- United Kingdom
- Rest of Europe
- Rest of Asia-Pacific
- Rest of World
Top Company Profiles
- Covercraft Industries
- Coverking Inc.
- California Car Cover Co.
- Polco Creations Pvt. Ltd.
- Classic Additions Ltd.
- Rampage Products
- CONFEZIONI ANDREA ITALIA SRL
- MacNeil Automotive Products Limited
- Budge Industries