Description
Automotive Wrap Films Market Forecast 2030
Market Overview
The worldwide automotive wrap film market was esteemed at USD 4,357.60 in 2021 and is supposed to enroll a CAGR of 21.45% during the review period. A vehicle wrap is characterized as an enormous vinyl realistic or decal which is applied straightforwardly to the painted surface of the vehicle. A wrap film changes the variety and whole look of the vehicles to one-of-a-kind, energetic, and marking. The development is predominantly credited to huge development in the personalization of cars using custom automotive wrap films. Likewise, rising interest in out-of-home (OOH) publicizing is additionally expected to support the interest in vehicle wraps for the purpose of promotion.
Vehicle wraps are enormous vinyl decal or realistic which is intended to cover the outside of the vehicle. These wraps look like paint and for the most part, are accompanied by specialty illustrations on them. Organizations can wrap their armada with custom logos, though individual drivers might need the vibe of a predominant quality paintwork for a lesser cost. Increasing deals of vehicles and premium vehicles among the working class and higher-procuring people have increased the requirement for vehicle wraps. Personalization of vehicles either to try not to repaint or give a superior stylish look has prodded interest in vehicle wrap films. Vehicle aficionados are presently hoping to alter their own vehicles with full vehicle wraps or decals. Majorly, people go to vehicle wraps to make their vehicles stand apart from the group with interesting completions and varieties, as automakers today offer just a restricted determination of varieties and completions. With expanding mindfulness regarding the accommodation and adaptability of vehicle wraps, more individuals are favoring vehicle wraps for customizing their own vehicles.
Market Segmentation
Based on product type the market is bifurcated into Cast Film and Calendered Films. There are two types of Distribution channels namely Online and Offline. The Vehicle Type segment is further classified into Passenger Cars, LCVs, and HCV.
Regional Analysis
The market in North America represented the biggest market share in 2021 and is projected to enroll the most elevated CAGR during the study period. Regional development is attributed to the early reception of vehicle illustrations in the region, especially in the US. The market in Europe region is supposed to enroll the most elevated development during the figure time frame because of huge item interest across vehicle types especially in the western European nations The market development in Europe is primarily credited to the presence of key automakers, for example, Daimler, Porsche, BMW, Audi, Rolls-Royce and so on. The presence of high total assets people (HNWI) and exclusive requirements of living has expanded the deals of premium vehicles and cars.
The Latin America market held a moderate portion of 5.10% in 2021 and is projected to arrive at USD 1,356.45 million during the survey time frame. Further developing ways of life as well as expanding the requirement for versatility is increasing the deals of traveller vehicles, subsequently helping the interest in vehicle wraps.
Major Players
The major players in the market are 3M, Arlon Graphics, Llc, Avery Dennison Corporation, HEXIS S.A.S., KAY PREMIUM MARKING FILMS LTD, Vvivid Vinyl Inc., and ORAFOL Europe GmbH.Some.
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 13
1.1 MARKET ATTRACTIVENESS ANALYSIS, BY REGION 15
1.1.1 GLOBAL AUTOMOTIVE WRAP FILMS MARKET, BY PRODUCT TYPE 16
1.1.2 GLOBAL AUTOMOTIVE WRAP FILMS MARKET, BY DISTRIBUTION CHANNEL 17
1.1.3 GLOBAL AUTOMOTIVE WRAP FILMS MARKET, BY VEHICLE TYPE 18
2 MARKET INTRODUCTION 19
2.1 DEFINITION 19
2.2 SCOPE OF THE STUDY 19
2.3 LIST OF ASSUMPTIONS 19
2.4 MARKET STRUCTURE 20
3 RESEARCH METHODOLOGY 21
3.1 RESEARCH PROCESS 21
3.2 PRIMARY RESEARCH 22
3.3 SECONDARY RESEARCH 23
3.4 MARKET SIZE ESTIMATION 23
3.5 TOP DOWN & BOTTOM UP APPROACH 24
3.5.1 BOTTOM-UP APPROACH 24
3.5.2 TOP-DOWN APPROACH 24
3.6 FORECAST MODEL 25
4 MARKET DYNAMICS 26
4.1 INTRODUCTION 26
4.2 DRIVERS 27
4.2.1 INCREASING ADOPTION OF VEHICLE WRAPS IN ADVERTISING SECTOR 27
4.2.2 GROWING DEMAND FOR PERSONALIZATION OF CARS 28
4.2.3 HIGH PREFERENCE FOR VEHICLE WRAPS OVER PAINT 28
4.2.4 DRIVERS IMPACT ANALYSIS 29
4.3 RESTRAINTS/CHALLENGES 29
4.3.1 AVAILABILITY OF SUBSTITUTES 29
4.3.2 ISSUES PERTAINING TO INSTALLATION OF VEHICLE WRAPS 30
4.3.3 RESTRAINTS IMPACT ANALYSIS 30
4.4 OPPORTUNITIES 31
4.4.1 RISING POPULARITY FOR VEHICLE WRAPS IN DEVELOPING ECONOMIES 31
4.5 TREND 31
4.5.1 GROWING EMPHASIS ON THE INTRODUCTION OF NEW COLORS AND FINISHES IN VEHICLE WRAPS 31
5 MARKET FACTOR ANALYSIS 32
5.1 SUPPLY/VALUE CHAIN ANALYSIS 32
5.1.1 RAW MATERIALS: 33
5.1.2 AUTOMOTIVE WRAP FILM MANUFACTURERS: 33
5.1.3 DISTRIBUTION & SALES CHANNELS: 33
5.1.3.1 LIST OF KEY DISTRIBUTORS & PRODUCT OFFERINGS 34
5.1.4 END-USERS: 35
5.1.4.1 LIST OF POTENTIAL END-USERS 35
5.1.4.2 CONSUMER PURCHASE BEHAVIOR ANALYSIS 36
5.2 PORTER’S FIVE FORCES MODEL 36
5.2.1 THREAT OF NEW ENTRANTS 37
5.2.2 BARGAINING POWER OF SUPPLIERS 37
5.2.3 BARGAINING POWER OF BUYERS 37
5.2.4 THREAT OF SUBSTITUTES 37
5.2.5 INTENSITY OF RIVALRY 37
5.3 IMPACT OF CORONAVIRUS OUTBREAK ON AUTOMOTIVE WRAP FILMS MARKET 37
5.3.1 IMPACT OF COVID-19 ON SUPPLY CHAIN OF AUTOMOTIVE WRAP FILMS MARKET 37
5.3.2 MAJOR GOVERNMENT POLICIES TO COUNTER THE PANDEMIC 38
5.3.3 QUALITATIVE ANALYSIS ON CHANGE IN DEMAND FROM END USERS 41
6 GLOBAL AUTOMOTIVE WRAP FILMS MARKET, BY PRODUCT TYPE 42
6.1 OVERVIEW 42
6.1.1 GLOBAL AUTOMOTIVE WRAP FILMS MARKET ESTIMATES & FORECAST BY PRODUCT TYPE, 2019-2030 (USD MILLION) 42
6.2 CAST FILM 43
6.2.1 CAST FILM: AUTOMOTIVE WRAP FILMS MARKET ESTIMATES & FORECAST BY REGION, 2019-2030 43
6.3 CALENDERED FILMS 44
6.3.1 CALENDERED FILMS: AUTOMOTIVE WRAP FILMS MARKET ESTIMATES & FORECAST BY REGION, 2019-2030 44
7 GLOBAL AUTOMOTIVE WRAP FILMS MARKET, BY DISTRIBUTION CHANNEL 45
7.1 OVERVIEW 45
7.1.1 GLOBAL AUTOMOTIVE WRAP FILMS MARKET ESTIMATES & FORECAST BY DISTRIBUTION CHANNEL, 2019-2030 (USD MILLION) 45
7.1.2 GLOBAL AUTOMOTIVE WRAP FILMS MARKET ESTIMATES & FORECAST BY OFFLINE DISTRIBUTION CHANNEL, 2019-2030 (USD MILLION) 46
7.2 ONLINE 47
7.2.1 ONLINE: AUTOMOTIVE WRAP FILMS MARKET ESTIMATES & FORECAST BY REGION, 2019-2030 47
7.3 OFFLINE 47
7.3.1 OFFLINE: AUTOMOTIVE WRAP FILMS MARKET ESTIMATES & FORECAST BY REGION, 2019-2030 48
8 GLOBAL AUTOMOTIVE WRAP FILMS MARKET, BY VEHICLE TYPE 49
8.1 OVERVIEW 49
8.1.1 GLOBAL AUTOMOTIVE WRAP FILMS MARKET ESTIMATES & FORECAST BY VEHICLE TYPE, 2019-2030 (USD MILLION) 49
8.2 PASSENGER CARS 50
8.2.1 PASSENGER CARS: AUTOMOTIVE WRAP FILMS MARKET ESTIMATES & FORECAST BY REGION, 2019-2030 50
8.3 LCV 51
8.3.1 LCV: AUTOMOTIVE WRAP FILMS MARKET ESTIMATES & FORECAST BY REGION, 2019-2030 51
8.4 HCV 51
8.4.1 HCV: AUTOMOTIVE WRAP FILMS MARKET ESTIMATES & FORECAST BY REGION, 2019-2030 51
9 GLOBAL AUTOMOTIVE WRAP FILMS MARKET, BY REGION 52
9.1 OVERVIEW 52
9.2 NORTH AMERICA 54
9.2.1 U.S. 56
9.2.2 CANADA 57
9.3 EUROPE 58
9.3.1 GERMANY 60
9.3.2 UK 61
9.3.3 FRANCE 62
9.3.4 SPAIN 63
9.3.5 ITALY 64
9.3.6 POLAND 65
9.3.7 BENELUX 66
9.3.8 SWEDEN 67
9.3.9 NORWAY 68
9.3.10 DENMARK 69
9.3.11 FINLAND 70
9.3.12 LATVIA 71
9.3.13 LITHUANIA 72
9.3.14 ESTONIA 73
9.3.15 REST OF EUROPE 74
9.4 ASIA PACIFIC 76
9.4.1 CHINA 78
9.4.2 JAPAN 79
9.4.3 INDIA 80
9.4.4 SOUTH KOREA 81
9.4.5 REST OF ASIA-PACIFIC 82
9.5 LATIN AMERICA 83
9.5.1 BRAZIL 85
9.5.2 MEXICO 86
9.5.3 ARGENTINA 87
9.5.4 REST OF LATIN AMERICA 88
9.6 MIDDLE EAST & AFRICA 89
9.6.1 GCC 91
9.6.2 SOUTH AFRICA 92
9.6.3 REST OF MIDDLE EAST & AFRICA 93
10 COMPETITIVE LANDSCAPE 94
10.1 INTRODUCTION 94
10.2 GLOBAL MARKET STRATEGY ANALYSIS 94
10.3 RECENT DEVELOPMENTS 94
10.4 COMPETITOR DASHBOARD 95
10.5 COMPETITIVE BENCHMARKING 96
11 COMPANY PROFILES 97
11.1 3M 97
11.1.1 COMPANY OVERVIEW 97
11.1.2 FINANCIAL OVERVIEW 97
11.1.3 PRODUCTS OFFERINGS 98
11.1.4 KEY DEVELOPMENTS 98
11.1.5 SWOT ANALYSIS 99
11.1.6 KEY STRATEGIES 99
11.2 ARLON GRAPHICS, LLC 100
11.2.1 COMPANY OVERVIEW 100
11.2.2 FINANCIAL OVERVIEW 100
11.2.3 PRODUCTS OFFERINGS 100
11.2.4 KEY DEVELOPMENTS 100
11.2.5 SWOT ANALYSIS 101
11.2.6 KEY STRATEGIES 101
11.3 AVERY DENNISON CORPORATION 102
11.3.1 COMPANY OVERVIEW 102
11.3.2 FINANCIAL OVERVIEW 102
11.3.3 PRODUCTS OFFERINGS 103
11.3.4 KEY DEVELOPMENTS 103
11.3.5 SWOT ANALYSIS 104
11.3.6 KEY STRATEGIES 104
11.4 HEXIS S.A.S. 105
11.4.1 COMPANY OVERVIEW 105
11.4.2 FINANCIAL OVERVIEW 105
11.4.3 PRODUCTS OFFERINGS 105
11.4.4 KEY DEVELOPMENTS 105
11.4.5 SWOT ANALYSIS 106
11.4.6 KEY STRATEGIES 106
11.5 KAY PREMIUM MARKING FILMS LTD 107
11.5.1 COMPANY OVERVIEW 107
11.5.2 FINANCIAL OVERVIEW 107
11.5.3 PRODUCTS OFFERINGS 107
11.5.4 KEY DEVELOPMENTS 107
11.5.5 SWOT ANALYSIS 108
11.5.6 KEY STRATEGIES 108
11.6 VVIVID VINYL INC. 109
11.6.1 COMPANY OVERVIEW 109
11.6.2 FINANCIAL OVERVIEW 109
11.6.3 PRODUCTS OFFERINGS 110
11.6.4 KEY DEVELOPMENTS 110
11.6.5 SWOT ANALYSIS 111
11.6.6 KEY STRATEGIES 111
11.7 ORAFOL EUROPE GMBH 112
11.7.1 COMPANY OVERVIEW 112
11.7.2 FINANCIAL OVERVIEW 112
11.7.3 PRODUCTS OFFERINGS 112
11.7.4 KEY DEVELOPMENTS 113
11.7.5 SWOT ANALYSIS 113
11.7.6 KEY STRATEGIES 113
11.8 GUANGZHOU CARBINS FILM CO., LTD. 114
11.8.1 COMPANY OVERVIEW 114
11.8.2 FINANCIAL OVERVIEW 114
11.8.3 PRODUCTS OFFERINGS 114
11.8.4 KEY DEVELOPMENTS 115
11.8.5 SWOT ANALYSIS 115
11.8.6 KEY STRATEGIES 115
11.9 TECKWRAP INT. INC. 116
11.9.1 COMPANY OVERVIEW 116
11.9.2 FINANCIAL OVERVIEW 116
11.9.3 PRODUCTS OFFERINGS 116
11.9.4 KEY DEVELOPMENTS 117
11.9.5 SWOT ANALYSIS 117
11.9.6 KEY STRATEGIES 118
11.10 LUCENT GRAPHIC SOLUTIONS 119
11.10.1 COMPANY OVERVIEW 119
11.10.2 FINANCIAL OVERVIEW 119
11.10.3 PRODUCTS OFFERINGS 119
11.10.4 KEY DEVELOPMENTS 119
11.10.5 SWOT ANALYSIS 120
11.10.6 KEY STRATEGIES 120
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