A car cover is a protective covering or fabric designed to shield a vehicle, typically an automobile, from various environmental elements and potential damage. These covers are used to safeguard cars that are parked outdoors or stored for extended periods.
Sizing and Forecast
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..
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Segmentation & Regional Insights
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
North America was the largest region in the car covers market in 2023. The regions covered in the car covers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the car covers market report are Confezioni Andrea Italia Srl, Easepal Enterprises Limited, WeatherTech, Intro-Tech Automotive, ShelterLogic, Zhejiang Mingfeng Car Accessories, Coverking Inc., DOWCO Inc., AutoAnything, ADCO Products LLC., Budge Industries LLC, Smittybilt Inc., OxGord Inc., EmpireCovers, Elegant Auto Accessories, Autoform, MacNeil Automotive Products Limited (US), A1 Car Covers, Blue Magic Inc., California Car Cover Co., CarCapsule, Classic Additions Ltd., Coverwell, FH Group, Formosa Covers, Gator Covers, Polco Pvt. Ltd., Rampage Products LLC., Xcar Ltd.
The car covers market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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