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Automotive Film Market Analysis, Segmentation, Lucrative Opportunities, Industry Share And Growth Prediction By 2023-20332: 3M, Avery Dennison Corporation, HEXIS S.A., Garware Sun Control Film, Johnson Window Films Inc
Automotive Film Market
Automotive Film Market Size, Growth Rate, And Forecast
The global automotive film market size grew from $5.27 billion in 2022 to $5.71 billion in 2023 at a compound annual growth rate (CAGR) of 8.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive film market size is expected to grow to $7.63 billion in 2027 at a CAGR of 7.5%.
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Automotive Film Market Drivers
The increase in demand for passenger vehicles in developing economies is expected to propel the growth of the automotive film market going forward. A vehicle is defined as a passenger vehicle if it is either designed, built, or modified to transport people. In passenger vehicles, automotive films are used to protect the passengers and driver from direct rays of sun, heat, and to reduce the internal temperature of the car. For instance, according to the Society of Indian Automobile Manufacturers (SIAM), an India-based a not-for-profit apex national body of the Indian government, sales of passenger vehicles as a whole increased by 13.2% in the fiscal year 2021 to 3.07 million from 2.71 million in the year 2020. Furthermore, according to the state council of the People's Republic of China, in 2021, China's sales of passenger cars increased 4.4% year over year to 20.15 million units, with the high demand for new energy vehicles (NEVs) continuing to drive the market expansion. Therefore, the increasing demand for passenger vehicles in developing economies is driving the demand for the automotive film market.
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Automotive Film Market Segments
• By Film Type: Window Film, Paint Protection Films, Wrap Film
• By Material Type: Dyed, Metalized, Ceramic
• By Vehicle Type: Passenger, Commercial
• By Application: Interior, Exterior
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the automotive flim market.
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Automotive Film Market Key Players
Major competitors in the automotive film market are 3M, Avery Dennison Corporation, HEXIS S.A., Garware Sun Control Film, Johnson Window Films Inc., Saint-Gobain Performance Plastics, Madico Inc.
The Business Research Company's "Global Automotive Film Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Automotive Film Market Include:
1. Executive Summary
2. Automotive Film Market Characteristics
3. Automotive Film Market Trends And Strategies
4. Automotive Film Market - Macro Economic Scenario
5. Automotive Film Market Size And Growth
………………
27. Automotive Film Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Film Market
29. Automotive Film Market Future Outlook and Potential Analysis
30. Appendix
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