The Global Car Scratch Remover Market Growth Accelerated By Rise In Road Mishaps

 

Car Scratch Remover Market

Car scratch removers are used to remove light scratches, swirl marks, and scuffs from vehicles without damaging the original paint. They are affordable, convenient to use, and help protect the resale value of vehicles.

The global car scratch remover market is estimated to be valued at US$ 22.05 Mn in 2024 and is expected to exhibit a CAGR of 6.7% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
Rise in road mishaps and accidents have been leading to increased cases of light damages like scratches on vehicles. As per data, road accidents have increased by around 3% annually globally over the past few years. This has boosted the demand for car scratch removers from vehicle owners to remove minor scratches and maintain the aesthetic appeal of their vehicles without investing large sums on repairs. Car scratch removers offer a cost-effective solution and take less time compared to visiting auto body shops. Therefore, growing road accidents and frequency of minor vehicle damages are expected to accelerate the growth of car scratch remover market during the forecast period.


Segment Analysis

The global car scratch remover market is segmented by type and distribution channels. Based on type, the car scratch removal pads segment holds a significant share as the majority of car repair shops and garages use pads for scratch removal services. Scratch removal pads are economical and easy to use compared to other car scratch removal products like pastes, creams, and sprays.

Key Takeaways

The Global Car Scratch Remover Market Analysis is expected to witness high over the forecast period. Technological advancements in car scratch removal products with improved scratch removing capabilities are supporting the market growth. The global car scratch remover market is estimated to be valued at US$ 22.05 Mn in 2024 and is expected to exhibit a CAGR of 6.7% over the forecast period 2024-2031.

North America currently dominates the market due to higher vehicle ownership and increasing do-it-yourself repair market in the region. The availability of professional car care and repair shops is further driving the demand for car scratch removers in North America.
Asia Pacific is expected to grow at the fastest CAGR during the forecast period. Countries like China and India arewitnessing rapid growth in vehicle sales which will increase the demand for aftermarket car care products including scratch removers. Moreover, increasing disposable incomes are encouraging vehicle owners to invest in regular car maintenance and repair. Manufacturers are also focusing on expanding their presence in emerging Asian countries to tap the business opportunities in the region.

Key players
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. GrainPro Inc. specializes in bulk bag handling equipment and flexible intermediate bulk containers for dry bulk storage and transport. PackFreshUSA provides modified atmosphere packaging solutions to extend shelf life of perishable foods.

Get more insights on this topic: https://www.ukwebwire.com/car-scratch-remover-market-size-and-share-analysis-growth-trends-and-forecasts/

 

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