Car Scratch Remover Market Growth is Accelerated by Rising Sales of Premium Vehicles

 



Car scratch remover is widely used to repair minor scratches and abrasions on the exterior paint of vehicles. It helps remove superficial abrasions without the need for extensive refinishing and saves time and money associated with repairs at body shops. There has been an increase in demand for premium and luxury vehicles that require frequent detailing to maintain appearance. The global Car Scratch Remover Market is estimated to be valued at US$ 19.14 Bn in 2023 and is expected to exhibit a CAGR of 6.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
The rising sales of SUVs and premium vehicles globally have accelerated the demand for car scratch remover products immensely. Customers preferring luxury and high-end vehicles pay more attention to the exterior appearance and wish to restore minor scratches on their own instead of visiting repair shops. Manufacturers are introducing DIY kits for easy and quick car scratch repairs at home. They are also offering combo packs bundled with other automotive cleaning essentials to improve the shopping experience. The focus on product innovation and customer experience is expected to drive the car scratch remover market substantially over the forecast period.

Segment Analysis

The global car scratch remover market is dominated by the liquid sub-segment. Liquid scratch remover products provide ease of application and fast action on scratches. Their solvent-based formulas allow deep penetration into paintwork to effectively remove minor scratches without significantly damaging the surface. The liquid form factor is also convenient for consumers to use with an applicator pad or cloth.

Key Takeaways

The Global Car Scratch Remover Market Size is expected to witness high growth over the forecast period. The increasing vehicular miles coupled with rise in average vehicle age is driving the demand for scratch repair products.

Regional analysis: North America dominates the car scratch remover market currently due to rising per capita vehicle ownership in the US and Canada. The presence of major automobile manufacturers and aftermarket repair shops promotes widespread availability and awareness of scratch removal solutions. The region is estimated to maintain its lead through 2030.

Key players operating in the car scratch remover market are GrainPro Inc., PackFreshUSA, ShieldPro Flexible Packaging, SorbentSystems, IMPAK Corporation, Green Storage Ltd., LPS Industries LLC, Seal King Europe B.V., TPB Plastech Limited, Integra Packaging. Brand recognition and product quality are crucial factors for major companies to sustain competition. Innovation in packaging formats and formulas will also remain important for market participants.

For More Insights, Read: https://www.newswirestats.com/car-scratch-remover-market-trends-growth-and-regional-outlook-2023-2030/

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