The global automotive wrap films market is expected to reach
USD 10.8 billion by 2025, according to a new report by Grand View Research,
Inc. High application scope coupled with increasing demand from the light duty
vehicle application is likely to have a positive impact on the market growth.
The market has witnessed
advancements, both in terms of technologies and materials, in order to
facilitate low cost and mass production of the products. This would also lead
to flexibility in designs and ease of manufacturing for a wide range of
applications.
Key players in the industry are
striving towards introducing new products with new colors and features to meet
the changing consumer demands. Almost all the manufacturers including Avery
Dennison Corporation, Arlon Graphics LLC, 3M Company, Kay Premium Marking,
Ritrama S.p.A, Orafol Group, and Hexis S.A are ventured into launching new
products to address the competition.
Browse full research report on Automotive Wrap Films
Market: http://www.grandviewresearch.com/industry-analysis/automotive-wrap-film-market
Further key findings from
the report suggest:
- Heavy duty vehicles accounted for a share of 17.5% in
the global market revenue in 2015 owing to large sizes of graphics that
attract more commuters and allow easy access to information
- Light duty vehicles are anticipated to witness a CAGR
of over 20% from 2016 to 2025 on account of rising demand for passenger
cars from emerging economies including China and India
- North America dominated the market with a share of
over 35% in 2015 on account of presence of numerous industry players and
high adoption rate of new technologies
- Middle East & Africa is one of the fastest
growing markets for automotive wrap films growing at a CAGR over 20% owing
to increasing utilization of the vehicle wraps for advertisements
particularly in promoting places of interests
- Various manufacturers and experts including Signtrade
International, Strings International, and System Middle East exhibit their
new product developments to promote sales across Middle East & Africa
- In November 2015, Hexis UK launched a new range of
premium polymeric colored sign vinyl, Suptac S5000 Series, which is used
to provide high gloss finish to the vehicles.
- In February 2017, Ritrama S.p.A signed
distributorship with Double V, strengthening self-adhesive material sales
in Russia
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/paints-coatings-and-printing-inks
Grand View Research has segmented the global automotive wrap
films market on the basis of application and region:
Automotive Wrap Films Application Outlook (Revenue,
USD Million, 2014 - 2025)
- Heavy
Duty Vehicles
- Medium
Duty Vehicles
- Light
Duty Vehicles
Automotive Wrap Films Regional Outlook (Revenue, USD
Million, 2014 - 2025)
- North
America
- U.S.
- Europe
- Germany
- Asia
Pacific
- China
- Central
& South America
- Brazil
- Middle
East & Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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