Keeping your car's tires and wheels in top shape is an important part of vehicle maintenance. In this article, we'll take a closer look at the Tire & Wheel Cleaners Market, including the different types of cleaners available and their application for various types of wheels.
Drivers of the Tire & Wheel Cleaners Market
Some of the drivers of the Tire & Wheel Cleaners Market are increased demand for high-performance vehicles, increasing awareness about vehicle care and maintenance, and rising disposable incomes of consumers. Additionally, an increase in the number of automobiles on the roads and the subsequent rise in dirt accumulation on tires and wheels has also been observed to be a major driver for the Tire & Wheel Cleaners Market. In addition, an increase in the number of automotive service centers that offer wheel cleaning services, as well as innovations in tire and wheel cleaning products such as waterless cleaners are also anticipated to support market growth.
Advantages of the Tire & Wheel Cleaners Market
Some of the advantages of the Tire & Wheel Cleaners Market are as follows :
• The products are easy to use and can be used on a variety of surfaces, including chrome, aluminum, and other metal surfaces.
• The products are safe to use on vehicles and do not damage the surfaces they are applied to.
• They provide a thorough cleaning that is not possible with traditional methods such as hand washing or using a pressure washer.
• Many of the products can be used without the need for gloves or protective clothing, making them more convenient than some traditional cleaning methods.
• Tire & Wheel Cleaners offer an effective solution to removing dirt, mud, and grime from tires and wheels.
Market Value and CAGR of the Tire & Wheel Cleaners Market (2021-2032)
The market value and CAGR of the Tire & Wheel Cleaners Market is expected to reach a figure of $1,539.2 million and 5.6% respectively by 2032.
The market size is expected to grow due to the growing demand for automotive cleaning products, increasing vehicle production around the world and rising urbanization. Additionally, the increasing disposable income of people and changing lifestyles are some of the major factors driving the market for tire & wheel cleaners globally.
Challenges of the Tire & Wheel Cleaners Market
Some of the challenges of the Tire & Wheel Cleaners Market are :
1. High pricing of tire and wheel cleaners: Tire and wheel cleaners are usually priced higher than other types of cleaning products, making them a difficult purchase decision for some consumers.
2. Limited availability: Since tire and wheel cleaners are relatively new to the market, they may not be available in certain areas or stores, making them harder to find.
3. Lack of consumer education: Many consumers may not know how to use these products correctly or understand their benefits, resulting in a lack of demand for them in the market.
4. Underestimating importance of tire and wheel care: Many people may not realize the importance of taking care of their tires and wheels which can result in costly repairs down the line if left unchecked.
Key Players in the Tire & Wheel Cleaners Market
The key players in the Tire & Wheel Cleaners Market are Permatex, Inc. (U.S.), CarGuys (U.S.), Chemical Guys (U.S.), Eagle One (U.S.), Griot’s Garage (U.S.), Meguiar’s Inc. (U.S.), Mothers Polishes Waxes Cleaners, Inc. (U.S.) , 3D Products International Corporation(U.S), SONAX GmbH(Germany), Autoglym(UK), Simoniz USA Inc.(US).
Market Analysis into type, application, end user and region of the Tire & Wheel Cleaners Market
The most demanded product in the Tire & Wheel Cleaners Market is expected to be the Non-Acidic Tires & Wheel Cleaners. This product is widely used in both domestic as well as commercial applications such as car detailing, auto cleaning and detailing, and janitorial services. The Non-Acidic Tire & Wheel Cleaners are favored due to their non-corrosive nature and easy application on different surfaces. It also provides long lasting protection against dirt and grime.
The automotive industry is expected to be the largest consumer of tire & wheel cleaners during the forecast period. It is mainly used for the maintenance of cars, trucks, buses and other vehicles in order to maintain a clean outlook. Car owners use these products for cleaning tires and wheels of their vehicles in order to improve their performance as well as enhance the aesthetic appeal of their automobile.
On the basis of end users, the market can be divided into residential users and commercial users. Residential users mainly include households that use these products for cleaning tires and wheels at home while commercial end users include garages, auto shops, dealerships, car washes etc. that use these products in bulk quantities for servicing vehicles or reselling them after cleaning them properly.
Geographically, North America is expected to dominate the Tire & Wheel Clean due to its advantage of technology and market.
Impact of Covid-19 on the Tire & Wheel Cleaners Market
The outbreak of the COVID-19 pandemic has had a significant impact on the tire & wheel cleaners market. The demand for tire & wheel cleaners has declined significantly as a result of the slowdown in automotive production and the decline in vehicle sales globally. Moreover, the closure of retail outlets and suspension of aftermarket activities has further hampered the demand for tire & wheel cleaners.
However, the recent rebound in automotive production and sales is expected to drive the demand for tire & wheel cleaners over the forecast period. The growing preference for aftermarket services is also expected to support market growth. In addition, the increasing popularity of alloy wheels is anticipated to boost the demand for alloy wheel cleaners over the forecast period.
Key developments in the Tire & Wheel Cleaners Market (2019-2022)
In January, 2019, 3M announced the launch of its new line of wheel and tire cleaners, which are designed to help remove dirt and grime from vehicle tires and wheels. The new product line includes two parts: a pre-treatment foam cleaner and a post-treatment protectant spray.
In August 2019, Turtle Wax released a new Wheel & Tire Cleaner Plus Shine product that is specifically designed to clean and restore the original lustre of wheels and tires. Turtle Wax’s product contains an advanced formula that quickly penetrates surfaces while removing dirt, road grime, brake dust, grease, and other contaminants.
Tire & Wheel Cleaners Market Scope
|Revenue forecast in 2032
|CAGR of 5.6% during 2022-2032
|Type, Application, Regions
|North America, Europe, Asia Pacific, South America, Middle East and Africa
|Key Players Profiled
|Permatex, Inc. (U.S.), CarGuys (U.S.), Chemical Guys (U.S.), Eagle One (U.S.), Griot’s Garage (U.S.), Meguiar’s Inc. (U.S.), Mothers Polishes Waxes Cleaners, Inc. (U.S.) , 3D Products International Corporation(U.S), SONAX GmbH(Germany), Autoglym(UK), Simoniz USA Inc.(US).
Key Segment of Tire & Wheel Cleaners Market
By Type Overview (USD Million)
• Tire Dressings
• Wheel Brushes
• Alloy Wheel Cleaners
• Metal Polish
• Tire Swipes
By Application Overview (USD Million)
• Chrome Plated Wheels
• PVD Coated Wheels
• Aluminium Alloy Wheels
• Anodized Wheels
• Rough Cast Alloy Wheels
By Region Overview (USD Million)
• Rest of Asia Pacific
• Rest of North America
• Rest of Europe
Middle East and Africa