Global Automotive Wrap Films Market Overview :
Global Automotive Wrap Films market is estimated to reach $10.8 Billion by 2025; growing at a CAGR of 22% till 2025. It is vinyl wrap placed partially or completely for decorative as well as advertising purpose. Automotive wrap films are used to change the appearance of the vehicle by applying graphics, color change wrap, or to give a matte or glossy look to the vehicle. The boom in customized cars industry is anticipated to drive the market growth. Additionally, these wrap films are used for advertising purpose by applying it on heavy vehicles such as buses, trucks, etc. These films are used for marketing and advertising of various industries such as tourism and promotions.
Global Automotive Wrap Films Market: Growth Factors
Rising demand for customized cars is major factors driving the market growth. The growing demand for wrap and graphic advertisement is also fueling market growth. However, factors such as vehicle appearance and cost are factors that might hamper the market growth. Rising trend of automotive wrap films for advertising might fuel the market in the coming years.
Global Automotive Wrap Films Market: Segmentation
The global automotive wrap films market is segmented as vehicle type and application. On the basis of vehicle type, the market is divided into Heavy Duty Vehicles, Medium Duty Vehicles, and Light-Duty Vehicles. Based on application, the market is categorized as paint protection, window tint, and others.
Global Automotive Wrap Films Market: Regional Analysis
Based on geography, the global Automotive Wrap Films market is divided into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further segmented as U.S., Canada, and Mexico, whereas Europe consists of the UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is divided into India, China, Japan, South Korea, and Rest of Asia-Pacific while RoW is divided into South America, the Middle East, and Africa.
Global Automotive Wrap Films Market: Competitive Players
Key players operating in the market include Avery Dennison Corporation, Kay Premium Marking Films (KPMF), The 3M Company, Arlon Graphics, LLC, Ritrama S.p.A., JMR Graphics Inc., Orafol Group, Hexis S.A., and Vvivid Vinyl.
Automotive Wrap Films Market Key Segments:
By Vehicle Type
- Heavy Duty Vehicles
- Medium Duty Vehicles
- Light Duty Vehicles
- Paint Protection
- Window Tint
- North America
- The U.S.
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Rest of the World
- South America
- Middle East
Key Market Players
- Avery Dennison Corporation
- Kay Premium Marking Films (KPMF)
- The 3M Company
- Arlon Graphics, LLC
- Ritrama S.p.A.
- JMR Graphics Inc.
- Orafol Group
- Hexis S.A.
- Vvivid Vinyl
What Report Provides
- Full in-depth analysis of the parent market
- Important changes in market dynamics
- Segmentation details of the market
- Former, on-going, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Market share analysis
- Key strategies of major players
- Emerging segments and regional markets
- Testimonials to companies in order to fortify their foothold in the market