The global cleaner and degreaser aftermarket is projected to witness a CAGR growth of over 2% during the period of 2022-2026. This growth is attributed to the increasing global demand for automobiles, rising vehicle sales, stringent government regulations for improved fuel efficiency, and an increase in average vehicle miles traveled annually.
The market has been segmented based on vehicle type into passenger cars, light commercial vehicles, and heavy commercial vehicles. In 2020, the passenger cars segment dominated the market due to the growing sales and demand for passenger cars globally. This segment is expected to maintain its dominance over the next five years.
In terms of repair services, the market is divided into original equipment supplier (OES) and independent aftermarket (IAM). In 2020, OES repair services held the majority market share due to the reliability, quality, and warranty of products used for cleaning and maintenance.
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From a regional perspective, the North America region led the market in 2020, driven by the increasing demand for commercial vehicles and growing consumer awareness about cleaner and degreaser products.
Major players operating in the global cleaner and degreaser aftermarket include 3M, ZEP, FUCHS, WURTH, BASF, WD-40, Abro, DOW, Penray, and Rdiator Speciality Company. These companies are focused on developing advanced technologies, launching new products, and implementing competitive strategies such as mergers & acquisitions to maintain their market competitiveness.
The historical years for this report are 2016-2019, with the base year as 2020 and the estimated year as 2021. The forecast period is from 2022 to 2026.
Key Target Audience:
- Engine degreaser and cleaner suppliers
- Vehicle repair and maintenance facilities
- Auto repair facilities
- End Users
- Traders, Distributors, and Suppliers
- Industry associations and experts
- Research organizations and consulting companies.
- Research Institutes
- Industry associations
- Market research and consulting firm.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration service providers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
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The objectives of this study are:
- To analyze and forecast the market size of the cleaner and degreaser aftermarket in terms of value and volume.
- To classify and forecast the global cleaner and degreaser aftermarket based on vehicle type, repair services, supply mode, type, and regional distribution.
- To identify drivers and challenges for the global cleaner and degreaser aftermarket.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global cleaner and degreaser aftermarket.
- To conduct pricing analysis for the cleaner and degreaser aftermarket.
- To identify and analyze the profiles of leading players involved in the manufacturing of the global cleaner and degreaser aftermarket.
TechSci Research conducted both primary and exhaustive secondary research for this study. The market size was calculated using a bottom-up approach, and the data was sourced from industry experts, company representatives, and various secondary sources such as company websites, news articles, press releases, and financial reports.
The key target audience for this study includes engine degreaser and cleaner suppliers, vehicle repair and maintenance facilities, auto repair facilities, end users, traders, distributors, suppliers, industry associations, research organizations, and consulting companies.
This study provides valuable insights and answers critical questions for industry stakeholders, allowing them to strategize investments and capitalize on market opportunities.
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About TechSci Research:
TechSci Research is a research-based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries. TechSci Research’s core values are value, integrity and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high value market research and advisory services that helps them identify new market opportunities, growth engines and innovative ways to capture the market share. As a result, TechSci’s client leads rather than follow market trends. Not bound by legacy, TechSci’s cutting-edge research model leverages its decades of research knowledge and an increased use of technology as engines of innovation to deliver unique research value. Provided as an alternative to traditional market research, TechSci Research reports do not just deliver data and knowledge rather highlights the insights in a more usable and interactive format for its clients.
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