The Car Covers Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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https://www.thebusinessresearchcompany.com/report/car-covers-global-market-report
According to The Business Research Company’s Car Covers Global Market Report 2024, The car covers market size has grown steadily in recent years. It will grow from $8.37 billion in 2023 to $8.72 billion in 2024 at a compound annual growth rate (CAGR) of 4.1%. The growth in the historic period can be attributed to emergence of automobiles, early weather protection needs, foundational material innovations, initial consumer demand..
The car covers market size is expected to see steady growth in the next few years. It will grow to $10.02 billion in 2028 at a compound annual growth rate (CAGR) of 3.5%. The growth in the forecast period can be attributed to urbanization and parking challenges, aftermarket expansion, rise in automotive ownership, smart and connected car integration, sustainability and eco-friendly focus.. Major trends in the forecast period include customization and tailored fit, material innovation, versatility in protection, enhanced durability and longevity, consumer awareness..
The growing demand for passenger cars is expected to propel the growth of the car covers market going forward. Passenger cars are motor vehicles primarily designed for personal or family use, typically smaller in size compared to commercial vehicles and intended for the transportation of passengers. Car covers are used in passenger cars for various purposes, including protection, maintenance, and convenience, and extend their lifespan by guarding them against the various hazards posed by the environment. For instance, in May 2023, according to reports published by the European Automobile Manufacturers Association, a Belgium-based motor vehicle manufacturing association, the European Union produced 10.9 million passenger cars in 2022, a rise of 8.3% from 2021. Therefore, the growing demand for passenger cars is driving the growth of the car cover market.
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The car covers market covered in this report is segmented –
1) By Product Type: Conventional, Automatic, Semi-Automatic
2) By Distribution Channel: Store-Based, Non-Store-Based
3) By End Use: Individual, Vehicle Manufacturers
Major companies operating in the car covers market are developing innovative products such as covercraft multi-layer vehicle covers to provide better protection from the elements, extend the lifespan of your vehicle, and make it more comfortable. Covercraft multi-layer vehicle covers are a line of custom-fit car covers made from premium, non-woven, multi-layer fabrics. The covers are designed to provide maximum protection for the vehicle from the elements. For instance, in August 2021, Covercraft Industries LLC, a US-based car cover manufacturing company, introduced Covercraft multi-layer vehicle covers, an innovative line of custom vehicle covers featuring premium, non-woven, multi-layer fabric. These covers are designed to protect customers’ vehicles from the elements. It includes features such as custom-fit design, precise fit, warranty, and protection from dust, dirt, and debris, and prevents fading and cracking from the sun’s ultraviolet rays.
The car covers market report table of contents includes:
1. Executive Summary
2.Car Covers Market Characteristics
3.Car Covers Market Trends And Strategies
4.Car Covers Market analysis
5.Car Covers Market Size And Growth
6.Car Covers Segmentation
7.Car Covers Regional And Country Analysis
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27.Car Covers Competitive Landscape And Company Profiles
28.Car Covers Key Mergers And Acquisitions
29.Car Covers Future Outlook and Potential Analysis
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