"Assisting You in Establishing Data Driven Brands"

Car Covers Market Size, Share and Analysis By Product Type (Automatic, Semi-automatic, and Conventional), By Distribution Channel (Online and Offline), and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI106544 | Status : Ongoing

 

KEY MARKET INSIGHTS

The primary driving factor of the global car covers market is the growing consciousness of the users towards safety and maintenance of automobiles which is significantly rising the consumption rate of such products. The flourishing automotive industry has raised the overall demand for car covers.



  • According to the Indian Automobile Industry Report published in Oct 2021 by the Indian Brand Equity Foundation (IBEF), around 3.49 million passenger and commercial vehicle categories units were sold in India in 2020.


The increase in private car ownership has broadened the demand for car covers to protect the cars from the outside influence. Also, the congestion in space for parking has led to flourishing demand for car covers for outside(roadside) parking.


  • According to an article published in Mint newspaper in Sept 2021 by the YouGov's International Automotive Report for 2021, around 33 % of the Indian respondents prefer to buy personal vehicles in the coming years.


Furthermore, online e-retailers have penetrated substantially over the various shopping platforms to retail their accessories and tools, thereby establishing growth prospects for the car covers market.


  • For instance, Autofurnish, an Indian-based e-commerce site for quality car accessories, has a mobile application that registers a minimum of 100 orders per day. Also, the e-commerce site has tie-ups with Paytm, Naaptol, and Autoportal to retail its products.


Impact of COVID-19 on Car Covers Market


The closure of industries has largely affected the production and processing of various commodities and consumer goods. The essential items are the sole survival during the crisis, so the demand for non-essential items dwindled. Also, the pandemic has led to a downfall in manufacturing operations of automobiles and their accessories, which lead to a slowdown in demand for such products.  These dampen sales of automobiles and other accessories, including car covers. According to a report published by the Indian Brand Equity Foundation in Feb 2021, passenger vehicle sales witnessed a decline by 78 % from April-June,2020 due to the COVID-19 crisis. However, as per the report, the automobile industry is on its way to recovery after facing severe hurdles during the virus outbreak.

Furthermore, relaxations in lockdowns and travel restrictions are expected to uplift the requirement of such products for maintaining the car from outside influence, including dust and rain.

Key Insights


The report will cover the following key insights:


  • Flourishing Automotive Industry – For Car Covers Market

  • Increase in private car ownership by Country/Region– For Car Covers Market

  • Overview of Car Covers Market - For Car Covers Market

  • E-retailers penetrating shopping platforms to expand their presence- For Car Covers Market

  • Impact of COVID-19 on Car Covers Market


Analysis by Product Type


The conventional segment is anticipated to hold the dominant share of the global car covers market due to its multiple benefits and easy availability. Conventional covers provide similar benefits in the car's protection, which the automated ones can perform without any manual intervention, but in terms of cost price, users are much more familiar with the conventional ones. The conventional ones can be applied easily over the car to protect from sun exposure, rain, tree sap, dust, and other chemical fallout and can withstand any weather conditions. Moreover, these car covers do not require any operation mechanism and can be applied easily over the cars. Besides this, due to their wide range availability across automotive stores and service hubs, they are expected to withstand a dominant growth over the forecast period.

Analysis By Distribution Channel


The online channel is anticipated to hold a major share in the global car covers market due to the ease of shopping for car accessories from online retailers that offer car covers in both manual and automatic versions. Consumers can easily sort out their choices from multiple websites and compare the features and details before procuring any such products, making e-commerce the ideal platform for shopping for automobile accessories. Moreover, many emerging players link up with online shopping sites to showcase their products, expanding the scope for car covers. The discounted offers and cashback make the online shopping channels a preferred option for purchasing various assortments of car covers.

Regional Automobile Market Analysis


To gain extensive insights into the market, Request for Customization


The North American region is estimated to exhibit a leading market share in the global car cover industry due to the growing adoption of new tools and technologies and increasing expenditure on automobile equipment and accessories. According to 2019 Consumer Expenditures data by the U.S Bureau of Labor Statistics, the average cost of a vehicle on an annual year to own and operate is USD 10,742. The cost of purchasing the vehicle is USD 4,394, and another USD 2,094 in gasoline and USD 4,254 vehicle-related costs are involved. The largely penetrated automobile industry in the U.S. and Canada favors an extensive range of supplies for different automobiles. The region has a recognized automobile market, and the prominent players and new vendors have competed on a global level in providing the best-in-class car accessories, including car covers, which is likely expected to generate considerable growth opportunities for the region's market.

Key Players Covered



  • Polco Pvt. Ltd.

  • Budge Industries LLC

  • Covercraft Industries LLC

  • Confezioni Andrea Italia Srl

  • California Car Cover Co.

  • Coverwell Classic Additions Ltd.

  • Xuantai

  • Coverking Inc.

  • MacNeil Automotive Products Limited


Segmentation Analysis
















By Product Type


By Distribution     Channel


By Geography



  • Automatic

  • Semi-Automatic

  • Conventional




  • Online

  • Offline




  • North America (USA, Canada, and Mexico)

  • Europe (Germany, France, Italy, Spain, U.K., and Rest of Europe)

  • Asia Pacific (China, India, Japan, Australia, and Rest of APAC)

  • Middle East & Africa (UAE, South Africa, and Rest of MEA)

  • South America (Brazil, Argentina, and Rest of South America)  



Key Industry Developments



  • In Aug 2021, Covercraft Industries LLC has announced the launch of its new line of multi-layer car cover fabrics for different vehicle segments, including Sedans, SUVs, MUVs, trucks etc. The water-resistant car covers line includes 3-layer moderate weather covers and 5-layer indoor/outdoor car covers to provide much-needed protection to the car from dust and external factors. 

  • In Sept 2021, Y&Y store, an online shopping platform, promises ‘vinoya’ to introduce automatic car covers for all weather conditions. The anti-theft and water-proof covers can be operated with one button push.





  • Ongoing
  • 2023
  • 2019-2022
  • Pre Book
Multi-report Purchase Plan
    A Customized Plan Will be Created Based on the number of reports you wish to purchase
Consumer Goods Clients
Asahi
Health Canada
Facebook
Wepa
Edenred
Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X