Global Automotive Wrap Films Market: Industry Analysis and Forecast (2019-2026)

Author : jay99
Publish Date : 2021-01-21 09:59:31


Global Automotive Wrap Films Market: Industry Analysis and Forecast (2019-2026)

Global Automotive Wrap Films Market was valued US$ XX Bn in 2019 and is expected to reach XX Bn by 2026, at a CAGR of 22.50% during a forecast period.

Automotive wrap films describes as completely or partially covering a vehicle's original paint with a vinyl wrap of a different colour, and sometimes the same colour with a differing finish like a gloss, matte or clear protective layer are graphic, which is used on the body of the vehicle for the purpose of protecting the vehicle from dust and corrosion.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region

An increasing need for vehicle protection over hazards like rainfall, dust, and corrosion this is one of the source available in market. The rapid expansion of the sign & graphics industry, Changing consumer lifestyle with a rise in disposable income levels also plays a major role in boosting the growth in the global automotive wrap films market. On the other hand, intense competition is seen in the automotive industry whereas cost and quality is expected to limit the growth in the global automotive wrap films market.

Consumer’s acceptance for solid color films including matte orange, matte black, green, blue, and pink is expected to increase the product demand. Additionally, textured finish, like wood grain, carbon fiber, brushed metal, and leather is being rapidly adopted in the European and North American countries. These factors will boost the growth in the global automotive wrap films market.

The light-duty vehicles segment held the major share of the global automotive wrap film market and is expected to continue its dominance during the forecast period. Increasing demand for colorful graphics for personal cars, Sports Utility Vehicles (SUVs), and vans coupled with the opportunities for drivers to earn money through advertisements is expected to upswing automotive wrap film market.
Region-wise, The Asia Pacific is expected to hold a dominant position in the global automotive wrap films market. The dominant position in the market is attributed to the increase in demand for vehicle customization, demand for small cars and the presence of major automotive hubs in the region. Growing population and disposable income levels in emerging economies like India and China are expected to boost the growth in the automotive wrap films market. An increasing construction, transportation, and industrial sectors are expected to proliferation the overall sales of heavy-duty vehicles during the forecast period.

Automotive wrap films are used in an array of application like sports cars, non-traditional vehicles, and heavy equipment. The growing popularity of motorsports is one of the key trends in the global automotive wrap film market. Motorsports is one of the most popular competitive events. Automotive wrap films are used in motorsports to provide them an attractive look. Some of the many key players like fire service vehicles and other emergency services, usage wrap films to increase visual impact.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding dynamics, structure by analysing the market segments and, project the global automotive wrap films market. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global automotive wrap films market. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment.
The Scope of the Report for Global Automotive Wrap Films Market

Global Automotive Wrap Films Market, By Vehicle Type

• Heavy Duty Vehicles
• Light Duty Vehicles
• Medium Duty Vehicles
Global Automotive Wrap Films Market, By Application

• Advertisement purpose
• Safety purpose
Global Automotive Wrap Films Market, By Region

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in Global Automotive Wrap Films Market



• Avery Dennison Corporation
• Eastman Chemical Company
• Foliatec Bohm Gmbh & Co. Vertriebs Kg
• Garware Polyester Limited
• 3M Company
• Ritrama S.p.A.
• Ads Window Films Limited
• Vvivid Vinyl
• Arlon Graphics LLC
• Orafol Group
• Arlon Graphics, LLC
• Hexis S.A.
• Kay Premium Marking Films Ltd
• Madico, Inc.
• Nexfil Co, Ltd.
• Prestige Film Technologies
• JMR Graphics Inc.

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