What is Truck Labels Market?
Truck safety labels are the information provided for safety. Also it can be a brand labels. It can be affixed to the cab, trailer or outside of a truck. Some of the labels remind rules and regulations they need to follow while driving to other drivers nearby. Since the trucks carry heavy load or dangerous materials such as inflammable ones, other people need to drive safely and should be aware of it. Hence there is more demand and increasing transportation and logistics are fueling the market.
The market study is being classified by Type (Pressure Sensitive Labels, Glue-applied Label, Heat Transfer Label, In-mold Label and Others), by Application (Interior Applications, Exterior Applications, Engine Component applications and Others) and major geographies with country level break-up.
CCL Industries (Canada), Avery Dennison Corporation (United States), Tesa SE (Germany), UPM (Finland), 3M (United States), SATO (Japan), Weber Packaging (United States), Identco (United States), Grand Rapids Label (United States) and OPT label (Japan) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are System Label (Ireland), ImageTek Labels (United States), Polyonics (United States) and Lewis Label Products (United States).
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Truck Labels market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Truck Labels market by Type, Application and Region.
On the basis of geography, the market of Truck Labels has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Transportation Services is Fueling the Market
- Need of Spreading Awareness about the Safety Rules
Market Trend
- Rising R&D Investments in Truck Industry
- Technological Developments on the Materials Used for Labeling
Restraints
- Rising Global Interest Rates on Trucks can Hamper the Market
Opportunities
- Government Regulations for the Implementation of Truck Labels
- Rapid Urbanization in Developing Countries Leading to Need of Transportation of Materials
Challenges
- Change in Climatic Conditions Leading to Damage of Labels
Market Leaders and some development strategies
In July 2018, CCL industries Inc. has acquired Treofan America Inc. and Trespaphan Mexico Holdings GmbH. With this acquisition the treofan Americas will transition into trade under Innovia film’s name
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organizations, Government Agencies and Organizations