Press release
Automotive Wrap Films Market Emerging Trends, Research Report and Growth Analysis 2018-2025
This report studies the Automotive Wrap Films market size (value and volume) by players, regions, product types and end industries, history data 2013-2017 and forecast data 2018-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis. Automotive Wrap Films is long-term, removable, dual cast films designed for solid color passenger vehicle detailing, decoration and full wraps and provide excellent opacity to hide high-contrast surfacesThese films are primarily used for the purposes – first being to change or enhance the appearance of a vehicle and the second being to safeguard the original paint from dust and corrosion. One single wrap on a vehicle can last up to five years – making it a relatively affordable option. Continuous growth in the Pre-owned car markets has also led to the increase in demand of wrap films as the major scratches, improper paint and other defects can be made unnoticeable with the help of the wrap films. Globally, automotive wrap films witness significant demand, due to rising consumer interest towards paint protection and colour change films.
In the last several years, global market of automotive wrap films developed rapidly, with an average growth rate of 16%. In 2017, global revenue of automotive wrap films is nearly 2.3 billion USD; the actual production is about 380 M Sqm. Automotive wrap films is widely used for Light Duty Vehicle, Medium Duty Vehicle, Heavy Duty Vehicle. The most proportion of automotive wrap films is for Light Duty Vehicle, and the consumption proportion in 2017 is 68%.
North America region is the largest supplier of automotive wrap films, with a production market share nearly 38% in 2017. Europe is the second largest supplier of automotive wrap films, enjoying production market share nearly 27% in 2017. The global Automotive Wrap Films market was 2290 million US$ in 2017 and is expected to 5370 million US$ by the end of 2025, growing at a CAGR of 11.3% between 2018 and 2025.
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Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Automotive Wrap Films in these regions, from 2013 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
3M
Avery Dennison
Orafol Group
Ritrama
Vvivid Vinyl
Arlon Graphics
Hexis
KPMF
Guangzhou Carbins
By the product type, the market is primarily split into
Cast Film
Calendered Film
By the end users/application, this report covers the following segments
Light Duty Vehicle
Medium Duty Vehicle
Heavy Duty Vehicle
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