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Issue Date:Jan 27 2015 12:00AM     Price in Rs. R 12000    Price in USD. $ 200
    

Unlike US and some other developed countries, India’s car aftermarket is totally fragmented. There are no national level players of any significance.

 

Car aftermarket typically has 2 parts: the workshop market where repair and servicing jobs are done; and a pure retail market, where the customer buys parts and accessories. In the US, these markets are called DFIM (do it for me) and DIY (do it yourself) market respectively.

 

The report focusses on a segment of the retail market: car care and accessories. By car care, we mean washing and cleaning.  Accessories refers to items like seat covers, mats; electronic items like audio and security systems; car care items like cleaning and waxing products, and application tools; perfumes; and exterior products like alloy wheels, luggage carriers, trims etc.

 

Overall, car care and accessory market is close to a $2B market in India. A few organised players are beginning to emerge. In car detailing and cleaning, 3M India, CarzSpa and Speed Car Wash are some of the leading names. In accessories, there are online players like Autofresh.in and carindiaaccessories.in. Reliance Autozone is trying to build a brick and mortar chain.

 

IBR believes this is a very attractive market for organised players to focus on. Current focus of organised players has been on ‘workshop’ segment of car aftermarket. Some other have focussed on second hand car sale. We think those are the more difficult businesses as compared to car care, and just about all of them are struggling. Fixed investment is high, getting customers is not easy, and OEMs don’t want these guys to compete with their authorised dealer network.

 

We believe the market has missed a trick. The Car Care market has very attractive dynamics. Gross profit of 50% is available to retailers, which is an excellent margin to work with. Unorganised players are getting marginalised in many markets. The same will happen here.

Indian Passenger Vehicles Market

3

Defining Car Care Market

8

Car Care Market Size

15

Companies in Car Care

19

Global Car Care Market

26

Global Car Accessory Market

41

VC / PE Transactions in Car Care Segment

47

 

  • Indian Passenger Vehicle Market
  • PV market projections
  • Accessory market in India
  • 3M store count
  • CarzSpa store count
  • Reliance Autozone current locations
  • LivIndia Management current locations
  • Car Wash Industry Statistics
  • Recent VC/PE transactions – Car Care
  • Recent VC/PE transactions – Parts and Accessories
  • 3M India
  • CarzSpa Autofresh
  • Reliance AutoZone
  • Liv India Management
  • IMO Car Wash, Germany
  • Ziebart International Corporation, USA
  • Mister Car Wash
  • Wash Depot
  • WashTec AG, Germany
  • Meguiar’s
  • Formula 1
  • Unelko Corporation
  • AQuartz Co. Ltd.
  • Armor All
  • Menzerna
  • Sonax
  • Scholl Concepts
  • Advance Auto Part Inc
  • Auto Zone Inc
  • O’Reilly Auto Parts
  • US Auto Parts Inc
  • Exist.ru
  • Mister-auto.com
  • Iden’s Detailing Inc
  • Vacuum Technologies
  • BuyAutoParts.com
  • Connect Parts