A car cover is used to protect a car against several external aspects such as wind, dust, rain, sunshine, etc. it also keeps the car safe and safeguards any paint fading, scratching, and discoloring of the interior.
According to the analysis, ‘Car Covers Market: Current Analysis and Forecast (2021-2027)’ states that with the improvement in the automobile industry and the augmenting focus of several industry players to develop new and enhanced car covers is leading to the introduction of remote-controlled automatic covers in the market. For example, Vinoya is an automatic car cover that safeguards your vehicle from spring showers, summer sun, autumn leaves, and winter snow. The Y&Y store promises that ‘vinoya’ is a waterproof and anti-theft car cover that can be arranged at the touch of a button. Also, the ease of usage of these automatic covers and extra protection delivered by them is also projected to generate the growth opportunities for the market players.
Global car covers market is projected to augment at a steady rate during the review period. Europe and North America account for a majority share of the market, while Asia Pacific is projected to register a progressive growth rate over the forecast duration. The effective growth in disposable income and augmenting the standard of living across countless countries is a foremost factor boosting growth of the target market. Developed regions in the Middle East, comprising GCC have a high rate of import of premium cars, which is projected to boost requirement for customized car covers in this region. The remaining regions are also projected to register a stable growth for car covers, owing to the augmenting the sale of cars across these regions.
Not only has this, the major aspect propelling the car covers market is the augmenting awareness regarding the wellbeing of the vehicle among individuals or car owners. As car covers safeguard the car from several factors such as, bird poop, tree leaves, stones and other small materials, it also safeguards the car paint and electronic system of car from injurious sunrays. Owing to all this application and benefits of car covers, its demand is augmenting at fast pace. The other aspects which have the impression on the growth of car covers market are growth in automotive industry, augmenting the automotive equipment industry, increasing demand of car covers owing to growing global warming and changing climate, augmenting the requirement of cars owing to advancement in standard of leaving and other aspects.
Considering regions, the market of Car covers is projected to lead by East Asia throughout the forecast period owing to the reason that augmenting automotive industry, growing adoption of new technologies and also the existence of several car covers providers in this region propelling this market. Europe is projected to robust growth due to an increasing awareness regarding safety of the vehicle and augmenting requirement of car covers in Germany and rest of the Europe. Therefore, it is predicted that during the near years the market of car covers will increase around the globe more actively over the near future.
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Ankur Gupta, Head Marketing & Communications