Car Covers Global Market Report 2024

Description

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.

The main types of car covers are conventional, automatic, and semi-automatic. In the context of car covers, conventional products refer to traditional types of covers made from materials. These covers are distributed through both store-based and non-store-based channels, catering to various end-users, including individuals and vehicle manufacturers.

The car covers market research report is one of a series of new reports from The Business Research Company that provides car covers market statistics, including car covers industry global market size, regional shares, competitors with a car covers market share, detailed car covers market segments, market trends and opportunities, and any further data you may need to thrive in the car covers industry. This car covers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

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 observed in the historic period can be attributed to the emergence of automobiles, early needs for weather protection, foundational material innovations, and initial consumer demand for car covers.

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 anticipated growth in the forecast period can be attributed to urbanization and parking challenges, the expansion of the aftermarket sector, an increase in automotive ownership, integration with smart and connected car technologies, and a growing focus on sustainability and eco-friendly solutions. Major trends expected in the forecast period include a demand for customization and tailored fit, ongoing material innovation, versatility in protection features, enhanced durability and longevity of car covers, and increased consumer awareness regarding the importance of vehicle protection.

The anticipated growth in the demand for passenger cars is expected to drive the expansion of the car covers market. Passenger cars, designed for personal or family use, are smaller in size compared to commercial vehicles and are used for transporting passengers. Car covers play a crucial role in protecting, maintaining, and providing convenience to passenger cars, effectively guarding them against environmental hazards and extending their lifespan. Reports from the European Automobile Manufacturers Association in May 2023 revealed that the European Union produced 10.9 million passenger cars in 2022, marking an 8.3% increase from 2021. Thus, the increasing demand for passenger cars is a key factor propelling the growth of the car cover market.

The growing cost of cars is expected to further contribute to the expansion of the car cover market. As the cost of car ownership rises, including insurance and car prices, car owners are becoming more aware of the need to protect their valuable investments. The increased cost of cars indirectly benefits the car cover market, prompting consumers to prioritize the maintenance and protection of their vehicles. For instance, a report by TransUnion in May 2023 highlighted that the typical monthly payment for a new car increased to $736 in the first quarter of 2023 compared to $585 in 2021. Consequently, the escalating cost of cars is a driving force behind the growth of the car cover market.

The substantial cost of automotive fabric is expected to present a notable challenge, hindering the growth of the car cover market. The high cost of automotive fabric refers to the elevated prices of materials utilized in the production of fabrics for the automotive industry. The expense of raw materials, including synthetic fibers such as polyester, nylon, or blends, can significantly impact the overall cost of fabrics used in the manufacturing of car covers. For example, in December 2022, as reported by CCF Group, a US-based company offering information and unbiased intelligence for petrochemicals and chemical fibers, the average price of Paraxylene (PX) material used in the production of polyester, such as film, fiber, and polyethylene terephthalate (PET), was $1119/mt, marking an increase of $259 over 2021. Consequently, the elevated costs associated with automotive fabrics are impeding the growth of the car cover market.

Key players in the car covers market are focusing on innovation, introducing products such as Covercraft multi-layer vehicle covers to enhance protection, extend vehicle lifespan, and improve overall comfort. Covercraft multi-layer vehicle covers are custom-fit car covers crafted from premium, non-woven, multi-layer fabrics. These covers are designed to offer maximum protection against environmental elements. In August 2021, Covercraft Industries LLC, a US-based car cover manufacturing company, launched this innovative line of custom vehicle covers. The covers feature a custom-fit design, precise fit, warranty, and protection against dust, dirt, debris, as well as safeguarding against fading and cracking caused by the sun's ultraviolet rays.

In August 2021, Audax Private Equity, a US-based alternative investment firm, acquired the majority stake in Covercraft Industries LLC for an undisclosed amount. This strategic acquisition positions Audax to provide Covercraft with the necessary capital for business growth, aiming to tap into substantial growth potential. Covercraft Industries LLC is a US-based manufacturer specializing in car covers and car protection products.

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.

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

The countries covered in the car covers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The car covers market consists of sales of outdoor car covers, custom-fit car covers, sunshade car covers, heavy-duty car covers, and universal fit car covers. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Car Covers Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on car covers market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Where is the largest and fastest growing market for car covers? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The car covers market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Product Type: Conventional; Automatic; Semi-Automatic
2) By Distribution Channel: Store-Based; Non-Store-Based
3) By End Use: Individual; Vehicle Manufacturers
Companies Mentioned: Confezioni Andrea Italia Srl; Easepal Enterprises Limited; WeatherTech; Intro-Tech Automotive; ShelterLogic
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r13516

1. Executive Summary

2. Car Covers Market Characteristics

3. Car Covers Market Trends And Strategies

4. Car Covers Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Car Covers Market Size and Growth

5.1. Global Car Covers Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Car Covers Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Car Covers Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Car Covers Market Segmentation

6.1. Global Car Covers Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Conventional
Automatic
Semi-Automatic
6.2. Global Car Covers Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Store-Based
Non-Store-Based
6.3. Global Car Covers Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Individual
Vehicle Manufacturers

7. Car Covers Market Regional And Country Analysis

7.1. Global Car Covers Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Car Covers Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Car Covers Market

8.1. Asia-Pacific Car Covers Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Car Covers Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Car Covers Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Car Covers Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Car Covers Market

9.1. China Car Covers Market Overview
9.2. China Car Covers Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Car Covers Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Car Covers Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Car Covers Market

10.1. India Car Covers Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Car Covers Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Car Covers Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Car Covers Market

11.1. Japan Car Covers Market Overview
11.2. Japan Car Covers Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Car Covers Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Car Covers Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Car Covers Market

12.1. Australia Car Covers Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Car Covers Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Car Covers Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Car Covers Market

13.1. Indonesia Car Covers Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Car Covers Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Car Covers Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Car Covers Market

14.1. South Korea Car Covers Market Overview
14.2. South Korea Car Covers Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Car Covers Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Car Covers Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Car Covers Market

15.1. Western Europe Car Covers Market Overview
15.2. Western Europe Car Covers Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Car Covers Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Car Covers Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Car Covers Market

16.1. UK Car Covers Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Car Covers Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Car Covers Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Car Covers Market

17.1. Germany Car Covers Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Car Covers Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Car Covers Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Car Covers Market

18.5. France Car Covers Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.6. France Car Covers Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.7. France Car Covers Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Car Covers Market

19.9. Italy Car Covers Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.10. Italy Car Covers Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.11. Italy Car Covers Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Car Covers Market

20.13. Spain Car Covers Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.14. Spain Car Covers Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.15. Spain Car Covers Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Car Covers Market

21.1. Eastern Europe Car Covers Market Overview
21.2. Eastern Europe Car Covers Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Car Covers Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Car Covers Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Car Covers Market

22.1. Russia Car Covers Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Car Covers Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Car Covers Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Car Covers Market

23.1. North America Car Covers Market Overview
23.2. North America Car Covers Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Car Covers Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Car Covers Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Car Covers Market

24.1. USA Car Covers Market Overview
24.2. USA Car Covers Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Car Covers Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Car Covers Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Car Covers Market

25.1. Canada Car Covers Market Overview
25.2. Canada Car Covers Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Car Covers Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Car Covers Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Car Covers Market

26.1. South America Car Covers Market Overview
26.2. South America Car Covers Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Car Covers Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Car Covers Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Car Covers Market

27.1. Brazil Car Covers Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Car Covers Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Car Covers Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Car Covers Market

28.1. Middle East Car Covers Market Overview
28.2. Middle East Car Covers Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Car Covers Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Car Covers Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Car Covers Market

29.1. Africa Car Covers Market Overview
29.2. Africa Car Covers Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Car Covers Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Car Covers Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Car Covers Market Competitive Landscape And Company Profiles

30.1. Car Covers Market Competitive Landscape
30.2. Car Covers Market Company Profiles
- 30.2.1. Confezioni Andrea Italia Srl
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Easepal Enterprises Limited
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. WeatherTech
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Intro-Tech Automotive
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. ShelterLogic
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Car Covers Market Other Major And Innovative Companies

31.1. Zhejiang Mingfeng Car Accessories
31.2. Coverking Inc.
31.3. DOWCO Inc.
31.4. AutoAnything
31.5. ADCO Products LLC.
31.6. Budge Industries LLC
31.7. Smittybilt Inc.
31.8. OxGord Inc.
31.9. EmpireCovers
31.10. Elegant Auto Accessories
31.11. Autoform
31.12. MacNeil Automotive Products Limited (US)
31.13. A1 Car Covers
31.14. Blue Magic Inc.
31.15. California Car Cover Co.

32. Global Car Covers Market Competitive Benchmarking

33. Global Car Covers Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Car Covers Market

35. Car Covers Market Future Outlook and Potential Analysis

35.1 Car Covers Market In 2028 - Countries Offering Most New Opportunities
35.2 Car Covers Market In 2028 - Segments Offering Most New Opportunities
35.3 Car Covers Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer