Key Companies Covered in the Automotive Films Market Research Report Are 3M Company (U.S.), Eastman Chemical Company (U.S.), Avery Dennison Corporation (U.S.) and other key market players.
“The Automotive Films Market is projected to grow at a CAGR of 5.3% from 2022 to 2031, in terms of value.”
The automotive films market is projected to reach USD 6.30 billion by 2031, at a CAGR of 5.3% from 2022 to 2031.
Growing demand for mobile advertisement and improving living standards in emerging countries are the prime factors driving the growth of the market. Films are much economic option compared to paints and are easy to install. In addition, automotive films provide protection against harmful sun rays which cause skin cancer and premature aging. These superior properties of automotive films are expected to be a key driver for the growth of the market in the coming years. However, stringent regulations for automotive films in various countries can restrain the growth of the automotive films market during the forecast period. Requirement of skilled labor for installation is a key challenge for the growth of the market.
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“Among film types, the wrap films segment is projected to be the fastest-growing segment of the market during the forecast period.”
Among film types, the wrap films segment is projected to be the fastest-growing segment of the market during the forecast period. Wrap films are used majorly in commercial vehicles for mobile advertising, which is an economical way of advertising products or services. Growing signs & graphics industry, comparatively low cost as compared to paints, and increasing demand for mobile advertising are expected to drive the market for automotive wrap films during the forecast period. In addition to this, changing lifestyle and rising demand for personalization of cars will also propel the market for automotive wrap films.
“Asia-Pacific is projected to be the largest market for automotive films during the forecast period, in terms of volume.”
Growing population, increasing standard of living, and the ability of automotive films to provide protection against UV rays and sun rays, among others, are the factors that have led to the increased demand for automotive films in the Asia-Pacific region.
The market sizes estimated in this study have been validated through primary interviews conducted with various industry experts, globally. These primary sources have been divided into three categories:
• By Company Type: Tier 1 – 25%, Tier 2 – 50%, and Tier 3 – 25%
• By Designation: C Level – 20%, Director Level – 30%, and Others – 50%
• By Region: North America – 20%, Europe – 30%, Asia-Pacific – 25%, South America – 15%, and Middle East & Africa – 10%
The report provides profiles of major market players, such as are 3M Company (U.S.), Eastman Chemical Company (U.S.), Avery Dennison Corporation (U.S.), Lintec Corporation (Japan), and Saint-Gobain Performance Plastics (France), and competitive strategies adopted by them to strengthen their position in the market.
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The objective of the study is to define, describe, and forecast the market based on various segmentations and to strategically analyze the market segments with respect to individual growth trends, growth prospects, and contribution to the total market. In this report, the automotive films market has been segmented based on film type, vehicle type, and region.
REASONS TO BUY THE REPORT
The report will help market leaders/new entrants in this market in the following ways:
1. This report segments the automotive films market comprehensively and provides the closest approximations for sizes of all market segments and subsegments across different verticals and regions.
2. This report will help stakeholders in obtaining improved understanding of their competitors and gain insights about their businesses. The competitive landscape section includes detailed information about expansions, new product developments, acquisitions, and partnerships, agreements & collaborations undertaken by the key players in the automotive films market.