Cleaner & Degreaser After Market: Trends, Opportunities, and Forecasts for 2016-2026Posted by Kumar on May 22nd, 2023 The global cleaner and degreaser aftermarket is projected to witness a CAGR growth of over 2% during the period of 2022-2026. This growth is attributed to the increasing global demand for automobiles, rising vehicle sales, stringent government regulations for improved fuel efficiency, and an increase in average vehicle miles traveled annually. The market has been segmented based on vehicle type into passenger cars, light commercial vehicles, and heavy commercial vehicles. In 2020, the passenger cars segment dominated the market due to the growing sales and demand for passenger cars globally. This segment is expected to maintain its dominance over the next five years. In terms of repair services, the market is divided into original equipment supplier (OES) and independent aftermarket (IAM). In 2020, OES repair services held the majority market share due to the reliability, quality, and warranty of products used for cleaning and maintenance. Browse Full report - https://www.techsciresearch.com/report/cleaner-and-degreaser-aftermarket/2239.html From a regional perspective, the North America region led the market in 2020, driven by the increasing demand for commercial vehicles and growing consumer awareness about cleaner and degreaser products. Major players operating in the global cleaner and degreaser aftermarket include 3M, ZEP, FUCHS, WURTH, BASF, WD-40, Abro, DOW, Penray, and Rdiator Speciality Company. These companies are focused on developing advanced technologies, launching new products, and implementing competitive strategies such as mergers & acquisitions to maintain their market competitiveness. The historical years for this report are 2016-2019, with the base year as 2020 and the estimated year as 2021. The forecast period is from 2022 to 2026. Key Target Audience:
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration service providers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities. Download Free Sample Report - https://www.techsciresearch.com/sample-report.aspx?cid=2239 The objectives of this study are:
TechSci Research conducted both primary and exhaustive secondary research for this study. The market size was calculated using a bottom-up approach, and the data was sourced from industry experts, company representatives, and various secondary sources such as company websites, news articles, press releases, and financial reports. The key target audience for this study includes engine degreaser and cleaner suppliers, vehicle repair and maintenance facilities, auto repair facilities, end users, traders, distributors, suppliers, industry associations, research organizations, and consulting companies. This study provides valuable insights and answers critical questions for industry stakeholders, allowing them to strategize investments and capitalize on market opportunities. Like it? Share it! More by this author |