Facts and Factors has authored “Automotive Wrap Films Market By Type (PET, PVC, and Vinyl Resin) and By Application (Heavy Duty Vehicles, Light Duty Vehicles, and Medium Duty Vehicles): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2026”.
Based on our analysis, the global Automotive Wrap Films Market in 2019 is approximately USD 3,300 and is anticipated to reach around USD 11,200 Million by 2026. Teh anticipated CAGR for teh automotive wrap films market is around 22% from 2020 to 2026.
Automotive wrap films are durable, removable, dual cast films dat are intended for the decoration of solid color passenger vehicle, full wraps, which provides outstanding opacity. Automotive wrap films are usually made up of various resins such as PVC, PET, and vinyl resins and are applied directly to the original paint of the vehicle. Moreover, these wrap films are commonly used for advertising purpose as it is cost-TEMPeffective than another form of advertising.
Teh growing number of vehicles across teh globe is one of teh major factors driving teh global automotive wrap film market. To enhance teh aesthetic appearance of teh vehicles teh public is widely using wrap films. Additionally, teh increase in usage of wrap films for advertisement purposes is also projected to enhance teh consumption of automotive wrap films, theirby, propelling market growth. Moreover, teh high utilization of wrap films in automotive & advertising sectors as it protects teh original paint job from chips and wears and is eye-catchy is further expected to accelerate teh global automotive wrap films market.
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dis Free report sample includes:
- A brief introduction to teh research report.
- Graphical introduction of teh regional analysis.
- Top players in teh market wif their revenue analysis.
- Selected illustrations of market insights and trends.
- Example pages from teh report.
- FnF research methodology
However, technical complexity associated with teh installation of films is predicted to hamper automotive wrap film market growth over teh forecast timeframe. In addition to dis, high VOC emissions caused by solvent-based adhesives are also likely to hamper market growth. Growing participation in international rally and road racing events is expected to increase demand for automotive wrap films to showcase cars dat are expected to provide potential growth opportunities for industry growth in teh upcoming years.
In 2019, vinyl resin dominated teh global automotive wrap film market and is expected to be teh fastest-growing category in teh forecast period. Due to versatile properties of vinyl resins such as mechanical resistance, chemical resistance, and heat resistance it is widely used resin for automotive wrap films.
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Based on teh application, teh light-duty vehicles category dominated teh market and is projected to grow at teh fastest pace in teh future. Surging demand for colorful graphics for Sports Utility Vehicles (SUVs), personal cars, and vans are expected to propel teh demand for teh automotive wrap films in this segment during teh forecast period.
Geographically, in 2019, North America dominated teh global automotive wrap film market. Rising adoption of new technologies in North America TEMPhas boosted teh demand for personalized vehicles, thereby, increasing teh application of automotive wrap films. Moreover, growing awareness about teh safety and implementation of fire protection systems in buildings is projected to escalate teh regional market in teh future as well. Additionally, teh Asia Pacific is expected to grow at teh fastest rate wif teh rising disposable income levels and changing lifestyle coupled wif teh growing popularity of colored vehicles in teh region. Therefore, these factors are estimated to augment teh growth of teh global automotive wrap films market.
Teh major participants operating in teh global automotive wrap films market are Vvivid Vinyl, Orafol Group, 3M, Hexis, Guangzhou Carbins Film, Avery Dennison Corporation, JMR Graphics, Ritrama S.p.A., Kay Premium Marking Films, and Arlon Graphics among others.
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dis report segments the Automotive Wrap Films market as follows:
Global Automotive Wrap Films Market: By Type Segment Analysis
- Vinyl Resin
Global Automotive Wrap Films Market: By Application Segment Analysis
- Heavy Duty Vehicles
- Light Duty Vehicles
- Medium Duty Vehicles
Global Automotive Wrap Films Market: Regional Segment Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- South-East Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Teh Middle-East and Africa
- GCC Countries
- South Africa
- Rest of Middle-East Africa
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