Press release
Global Automotive Wrap Films Market to be Driven by the Rising Demand for Customisation of Vehicles in the Forecast Period of 2021-2026
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2026)
Forecast CAGR (2021-2026): 21%
Forecast Market Size (2026): USD 11 billion
The global automotive wrap films industry is expected to witness a significant boost due to modernisation and change in consumer lifestyle, which is influenced by factors like rising disposable incomes and improved standard of living. Advancement in technology has led to the growing demand for customisation of vehicles, which is further projected to fuel the demand for automotive wrap films.
Further, due to growing demand for automotive wrap film for marketing campaigns and product ads, the market for automotive wrap film is expected to increase. In addition, the rise in car racing events and the integration of electric vehicles is expected to boost the market growth over the forecast period.
Read Full Report Online: https://www.expertmarketresearch.com/reports/automotive-wrap-films-market
Industry Definition and Major Segments
Automotive wrap films are vinyl graphics applied over the original paint of vehicles. These wraps are used for the purpose of enhancing the appearance of a vehicle and to safeguard the original paint from getting dusty or corroded. These films are cost effective method to protect vehicles in the long run and help in customisation of a vehicle.
Based on film type, the market is segmented into:
Window Films
Wrap Films
Paint Protection Films
Others
On the basis of vehicle type, the market is divided into:
Passenger Vehicle
Commercial Vehicle
Others
The regional markets for the product include:
North America
Europe
The Asia Pacific
Latin America
The Middle East and Africa
Market Trends
Automotive wrap films are increasingly used for advertisement purposes due to their cost-effective nature and personalisation requirements which is expected to boost the demand for automotive wrap films. Also, growing acceptance and demand of solid coloured automotive wrap films such as matte black, green, orange can be witnessed in the U.S. market, which will fuel the growth of the market in the region in the forecast period. Textured finishes such as wood grain, brushed metal will be in high demand in Europe and North America. This is expected to bolster the market growth over the forecast period.
Key Market Players
The major players in the market are 3MCo., AXEVINYL Industrial Co., Ltd, Avery Dennison Corporation, and HEXIS S.A.S, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skillful analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.
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Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.
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