Global Car Covers Market By Product Type (Custom Car Cover And Universal Car Covers), By Distribution Channel (Oem And After Market), By Region And Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends And Forecast 2021-2030 (Includes Business Impact of COVID-19)

  • TBI13698
  • September 16, 2021
  • Global
  • 145 pages
  • Market.US
                                              

Report updated on 11th September, 2021: Global Car Covers Market By Product Type (Custom Car Cover And Universal Car Covers), By Distribution Channel (Oem And After Market), By Region And Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends And Forecast 2021-2030 (Includes Business Impact of COVID-19)

Trusted Business Insights has published a comprehensive market research report on, Car Covers Market by Product Type (Custom Car Cover and Universal Car Covers), by Distribution Channel (OEM and After Market), and by Region -Global Forecast to 2030, which offers a holistic view of the Global Car Covers Market through systematic segmentation that covers every aspect of the target market. The Global Car Covers Market was valued at US$ 801.3 Mn in 2020 and is expected to reach US$ 1045.3 Mn by 2030 at a CAGR of 2.7%. Car covers protect parked cars from various elements including dust, dirt, ultraviolet radiation, acid rain, bird droppings, wind borne particles, suns heat, animal scratching, etc. When a vehicle isnt used for a long duration, it can become dirty from external sources such as rain, wind, snow or possibly leaves falling on it. A car parked indoors can get dusty, and also run the risk of getting unwanted particles getting on the surface. Dust may also accumulate in certain critical parts of the engine and may affect the function of these parts. In the case of painting work near the car, the cover will protect it from unwanted paint sprays. A car parked outside in the sun may fade the paint of the car, as well as, heat the car tremendously, and car covers help to overcome all these challenges relating to external factors. Car covers protect from the heating of the dashboard, which may cause damage to critical electronics such as car stereo, air-conditioning, or the car panel, etc. Car cover also protects the windshield, which is an important part of the car, since a damaged windshield may impair the visibility for the driver and can lead to accidents. These covers also discourage thefts, if used with the combination of cable and lock. The high cost of cars and its maintenance is key factor expected to infuse the importance of car protection among owners, thereby affecting the purchase of car covers steadily. In addition to this, limited parking space for several car owners has led to them parking their cars on the road. Ensuring safety and good condition of cars is a key factor expected to fuel demand for car covers in the coming years.

Global Car Covers Market Revenue (US$ Mn), 2021 to 2030

Furthermore, growth in the standard of living of the population and increasing disposable income across various economies is one of the major reasons driving the growth of global Car Covers market during the forecasted period However, the high cost of car covers; particularly custom-made covers may challenge the growth of the global car covers market to a certain extent. Nonetheless, the increase in production of cars in emerging economies is expected to increase the sale of cars in these countries, thereby further boosting demand for car covers. Major manufacturers of car covers have a lucrative opportunity to penetrate these markets to increase their market share. Global Car Covers market is segmented on the basis of product type, distribution channel and region. On the basis of product type custom car cover and universal car cover. Universal car cover accounts for the majority share in the global car covers market, while, custom car cover segment is expected to register the highest growth rate over the forecast period. On the basis of distribution channel market is segmented into, OEM and after market and after market accounts for a majority share in the global car covers market.

Global Car Covers Revenue Market Attractiveness Analysis by End-Use Industry, 2012“2018

On the basis of region, the market is segmented into North America, Europe, APAC, South America and MEA. Europe accounts for the majority share in the global car covers market followed by North America with the Asia Pacific registering highest growth rate in the region owing to robust growth in end use industries in the region. MEA and South America are expected to register stable growth over the forecast period. The research report on the global Car Covers market includes profiles of some of the major companies such as Covercraft Industries, LLC, COVERKING, INC., Budge Industries, LLC, Polco, CONFEZIONI ANDREA ITALIA SRL, Lund International, Inc., California Car Cover Co and MacNeil Automotive Products Limited.

Below are the active patents related to Car Covers Market.

Patent Number: US20130300149A1 Instant car cover Abstract The present invention provides a compact covering for automobiles. This device is configured to be located on windshield of vehicles, where it is anchored to the necks of side minors by elastic straps. The device has four rolls of cover-sheets and a housing which is constructed of two halves inserted fitly into each other. It is easily placed onto its working position by means of a wheel and suction-cups. Cover-sheets will be pulled out via apertures on the housing and stretched over the vehicle. To help pulling easily, each of the cover-sheets will have a pipe-shaped stopper attached at its outer end. Each of the pipe-shaped stoppers will have hooks which hooks onto the edge of chassis. The axes of cover-sheets rolls are mounted with the constant springs, so they can rewind after each use. Brushes above the apertures will swipe off dust, tree leaves, etc. from cover-sheets when they are rewound. Application File Date: 2013-05-04 Application Granted Date: 2014-04-01 Inventor: Thang Manh Dao Patent Number: US7686392B2 Vehicle seat cover Abstract Disclosed is an improvement in a bucket seat cover, which permits the functionality of seat-integrated seat belts and seat-attached armrests, which comprises: a vehicle seat cover of a type and size adequate to cover both the front of a vehicle seat and the back of a vehicle seat, characterized by elastic lined pass-through openings in the shoulder and hip area, connected by a zipper or other separation means to permit the transverse of seat-integrated seat belts, and, optionally incorporating additional openings on side panels, behind zipper, for transverse of seat-attached armrests. Application File Date: 2006-07-31 Application Granted Date: 2010-03-30 Current Assignee: Custom Accessories Inc Patent Number: US20080053504A1 Portable car cover Abstract A portable car cover includes a flexible sheet like cover of plastic or fabric and four extendable or foldable legs. Each of the legs is connected to a base member by an adjustment mechanism for positioning the upper ends of the legs to stretch the cover over an automobile. The base members are held in place by the tires of the automobile and the adjustment mechanism angularly off set the legs in a longitudinal and lateral direction. Application File Date: 2006-08-31 Application Granted Date: 2009-06-16 Inventor: Mansour A. Al-Mutairi

Key Market Segments

By Type
  • Custom Car Covers
  • Universal Car Covers
By Application
  • OEM
  • After Market

Key Market Players included in the report:

  • A1 Car Covers
  • Blue-sky
  • Budge Industries LLC
  • California Car Cover Company
  • Classic Additions
  • CONFEZIONI ANDREA ITALIA SRL
  • Covercraft Industries LLC
  • Coverking
  • Coverwell
  • Dalian RunDe
  • Intro-Tech
  • Lund International Inc.
  • Mingfeng
  • Polco
  • Rampage Products
  • Xuantai
  • Zhongda

Below are the key development related to Car Covers Market in 2020 and 2021.

January 2021: Boyne Capital Makes New Platform Investment in CarCovers.com. Boyne Capital ("Boyne") is pleased announce that one of its affiliates has acquired a majority interest in CarCovers.com ("CarCovers" or the "Company"), a retail e-commerce company focused on vehicle covers and related vehicle protection products. Founded in 2008 by Jonathan (Jony) Volk and headquartered in Pittsburg, CA, CarCovers sells primarily through its direct-to-consumer e-commerce portal, CarCovers.com, and offers a comprehensive suite of high-quality, form-fitting products tailored to a wide range of vehicle types and applications. Supported by in-house product development, order fulfillment, and customer service functions as well as industry-leading warranty coverage, CarCovers delivers a differentiated customer experience and value proposition that has driven its rapid growth within the vehicle protection category. Source

Chapter 1 Global Car Covers Market Insights

1.1 Introduction
1.2 Drivers for Global Car Covers Market
1.3 Restraints for Global Car Covers Market
1.4 Opportunities for Global Car Covers Market
1.5 Trends for Global Car Covers Market
1.6 Opportunity Map Analysis
1.6.1 Optimistic Scenario
1.6.2 Likely Scenario
1.6.3 Conservative Scenario
1.7 Macro-Economic Factors
1.8 PEST Analysis
1.9 PORTER'S Five Forces Analysis
1.10 Market Investment Feasibility Analysis
1.11 Market Competition Scenario Analysis
1.12 Opportunity Orbits
1.13 Regional Market Share and BPS Analysis in Car Covers Market
1.14 Wo
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