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Almost all households today own a car. As families spend large amounts of cash for their car purchase, it only makes perfect sense to care for this investment the best way they can. Thus, it is not a big surprise that the current auto cosmetics industry has generated revenue of more than $41 billion as part of automotive aftermarket sales.
Auto Cosmetics Defined
Every time you hear the word cosmetics, you probably think of makeup products. Surprisingly, a similar concept applies as far as cars are concerned. Car cosmetics shops basically fix surface damages on a vehicle. Aside from that, there are also niche markets that enhance other parts of your car to improve its overall appearance.
Growth of the Car Cosmetics Industry
It is expected that the automotive aftermarket industry will generate more than $680 billion by the year 2024. As people become more committed to prolonging their vehicles’ life, car cosmetics is rising to become an important and flourishing market.
The average age of cars that are seen on the roads today is 11 and ½ years old. It just shows that more vehicle owners will rely on aftermarket shops to help them improve and maintain their ride. Fixing even the smallest damages can help restore the spotless appearance of your car just like the first time you drove it out the dealership. This is what makes auto cosmetics even more appealing.
Who is the Target Audience of Car Cosmetics?
It is actually easier than you think to find the customers that are best suitable for the car cosmetics market. Compared to the rest of aftermarket shops, there is a broader selection for acquisition of potential clients. Many of these services often focus on owners of brand new cars but enhancing older cars is also common these days.
The add-on features happen more often during the initial purchase of a car. The maintenance and small repairs of cosmetic appearance usually takes place after someone has been driving their car for a few years. People try to retain the pristine appearance of their vehicle so this market has an extensive opportunity for generating more revenues.
Products for Auto Cosmetics
The best way for you to make your vehicle look better is through buying car cosmetics products. There are some items that you can install yourself while some need the help of a professional. The simplest car cosmetics involve glass coating, buffing, and waxing. These products have rather simple design.
Professional products and services include window tinting, dent repair, detailing, and custom paint. Unless you are experienced with working with such products in the past, it is always recommended to visit a professional who can take care of everything for you.
It is easy to see that the auto cosmetics industry will continue to grow bigger by the day. So, this is the perfect time for you to join the market and enjoy the revenues that this industry can generate. Who wouldn’t want to earn money these days, right?