Market Research Future Insights
According to MRFR analysis, the global Car Covers market is expected to register a CAGR of 3.2% from 2022 to 2030 and hold a value of over USD 1021.12 million by 2030.
The growing demand for cars, namely cars, as a result of rising consumer disposable income and major changes in consumers' standards of living, is expected to propel the worldwide car covers market to considerable growth over the projected period. Additionally, the need for vehicle coverings is growing as a result of climate change and rising global temperatures, all of which have an impact on automobiles. As car covers are utilized to protect automobiles parked outside as well as indoors from the harmful impacts of different environmental disasters including rainfall, sunlight, snowfall, and storms, rising consumer awareness about vehicle safety is anticipated to propel market expansion.
Market Segmentation
The Global Car Covers market has been segmented into Product Type, End Use, and Distribution Channel.
Based on the Product Type, the market has been segmented into Conventional, Automatic, and Semi-automatic.
Based on the End Use, the market has been segmented into Individual, Vehicle Manufacturers.
Based on the Distribution Channel, the market has been segmented into Store-Based, Non-Store-Based.
Key Players
Some of the key car covers market players are Polco Pvt. Ltd, Confezioni Andrea Italia Srl, California Car Cover Co, MacNeil Automotive Products Limited, Coverwell, Rampage Products, Classic Additions Ltd.
Regional Analysis
The largest market share was accounted for by North America. The market in North America is expected to expand significantly as a result of the increased demand for cars, the creation of sophisticated car covers such as semi-automatic or automated car covers, and growing consumer awareness of vehicle safety.
Asia-Pacific is a brand-new source of revenue for the worldwide market for automobile coverings. Asia-Pacific consumers are getting more knowledgeable about maintaining their vehicles. The need for car coverings in the area is anticipated to increase as a result. Additionally, it is predicted that throughout the anticipated time, the region's market share would expand due to rising consumer income and purchasing power.
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