Automotive Wrap Films Market, By Film Type (Windows Films, Wrap Films, Paint Protection Films), registering a CAGR of 22.7%

Automotive wrap films are used for brand marketing, advertising and the personalization of buses, trucks and passenger cars. Due to the growing demand for mobile advertising, the flourishing global sign and graphics industry is anticipated to drive the application of automotive wrap films. The lower cost of automotive wrap films than vehicle paints is also increasing the growth of the automotive films market. The growing disposable income and increasing global population are expected to positively impact the market's revenue growth during the forecast period.

Data Bridge Market Research analyses that the automotive wrap films market was valued at USD 4.76 billion in 2021 and is expected to reach USD 24.45 billion by 2029, registering a CAGR of 22.7% during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.  

View Detailed Report: https://www.databridgemarketresearch.com/reports/global-automotive-wrap-films-market

Market Definition

An automotive wrap film is a vinyl graphic which has directly applied over the original paint of the vehicle. These films are mainly used for two purposes, the first being to safeguard the original paint from dust and corrosion and the second being to change or improve the appearance of a vehicle. The application of the automotive film wrap allows to change the vehicle's appearance in a very short time period and in turn allows to remove the wrap and returning the vehicle back to its original condition if necessary.

Opportunities

Growing economic development particularly in the automotive sector has led to growth in the demand for automotive wrap films. Further, promotion of tourism and green life by governments results in an upsurge in the usage of automotive wrap films in heavy duty vehicles, such as trucks and buses. Also, Wrap advertisements are gaining popularity at a good pace in several economies which will acts as another factor spurring market growth.

Furthermore, increase in strategic collaborations and rising emerging new markets will also act as market drivers and further enhance the profitable opportunities for the market's growth rate.

Some of the major players operating in the automotive wrap films market are:

3M (U.S.)

Arlon Graphics, LLC (U.S.)

ADS Window Films (U.K)

AVERY DENNISON CORPORATION (U.S.)

Hexis UK Ltd (U.K.)

ORAFOL Europe GmbH (Germany)

GARWARE HI-TECH FILMS LIMITED (India)

Ritrama S.p.A (Italy)

Eastman Chemical Company (U.S.)

Madico, Inc  (U.S.)

NEXFIL (U.S.)

Kay Premium Marking Films Ltd, (U.K.)

Vvivid Vinyl (Canada)

Guangzhou Carbins Film Co., LTD (China)

JMR Graphics, Inc (U.S.)

AXEVINYL Industrial Co.,Ltd (China)

Automotive Wrap Films Market Scope

The automotive wrap films market is segmented on the basis of film type, Passenger Type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Film Type

Windows Films

Wrap Films

Paint Protection Films

Passenger Type

Passenger Car

Commercial Vehicle

Heavy Commercial Vehicle

Application

Advertisement Purpose

Safety Purpose

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