Market Research Report
Automotive Films Market by Film Type (Window Films, Wrap Films, Paint Protection Films), Vehicle Type (Passenger Cars, Commercial Vehicles), and Region - Global Forecast to 2022
|Published by||MarketsandMarkets||Product code||513859|
|Published||Content info||123 Pages
Delivery time: 1-2 business days
|Automotive Films Market by Film Type (Window Films, Wrap Films, Paint Protection Films), Vehicle Type (Passenger Cars, Commercial Vehicles), and Region - Global Forecast to 2022|
|Published: June 1, 2017||Content info: 123 Pages||
"The automotive films market is projected to grow at a CAGR of 5.3% from 2017 to 2022, in terms of value."
The automotive films market is projected to reach USD 6.30 billion by 2022, at a CAGR of 5.3% from 2017 to 2022. 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.
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.
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:
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.
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.
The report will help market leaders/new entrants in this market in the following ways:
Top 25 Companies analyzed for this study are - 3M Company (U.S.), Eastman Chemical Company (U.S.), Avery Dennison Corporation (U.S.), Lintec Corporation (Japan), Saint-Gobain Performance Plastics (France), Ergis S.A. (Poland), Garware Polyester Limited (India), Hexis S.A. (France), Johnson Window Film Inc. (U.S.), Nexfil Co., Ltd. (South Korea), ADS Window Films Limited (England), Aegis Films (U.S.), Allpro Window Films Inc. (U.S.), Arlon Graphics LLC (U.S.), Beijing Kangde Xin Composite Material Co., Ltd. (Beijing, China), Foliatec Bohm GmbH & Co. Vertriebs KG (Germany), Geoshield Window Film (U.S.), Global Window Films (U.S.), Kay Premium Marking Films Ltd. (U.K.), Madico Inc. (U.S.), Maxpro Window Films (U.S.), Prestige Film Technologies (U.S.), Renolit Group (Germany), XPEL Technologies Corp. (U.S.), Zeofilms (China)
*Details on Business Overview, Products offered & Business strategies, Key Insights, Recent Developments, MnM View might not be captured in case of unlisted companies.