Market Overview:
Automotive wrap films are used for safeguarding the original paint from dust & corrosion and enhance the appearance of a vehicle. It is applied on windows and on the exterior as wraps. It is used to protect the body of the automobile against UV rays, glare and heat. Various methods such as half wrap, complete wrap, window graphics, spot graphics are used for wrapping vehicles based on customer’s requirements. Significant cost reduction as the comparison to re-spraying and traditional advertising are some of the major drivers which are propelling the growth of the market
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Key Companies Profiled | 3M Company (United States), Avery Dennison Corporation (United States),, Akzo Nobel N.V., Eastman Chemical Company (United States), Ergis S.A. (Poland), Garware Polyester Limited (India), Hexis S.A., (France),, Johnson Window Film Inc., (United States), Nexfil Co, Ltd., (South Korea), Zeofilms,(China), Saint-Gobain Performance Plastics Corporation,(France) and Global Window Films (Montgomery) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region or narrow down segments in the final scope subject to feasibility |
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics of major and emerging geographies across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Key Vendors of Automotive Wrap Films Market Study:
3M Company (United States), Avery Dennison Corporation (United States),, Akzo Nobel N.V., Eastman Chemical Company (United States), Ergis S.A. (Poland), Garware Polyester Limited (India), Hexis S.A., (France),, Johnson Window Film Inc., (United States), Nexfil Co, Ltd., (South Korea), Zeofilms,(China), Saint-Gobain Performance Plastics Corporation,(France) and Global Window Films (Montgomery)
Automotive Wrap Films Market Segment Analysis
Scope | Sub-Segments |
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Application / End User | Light Duty Vehicle, Medium Duty Vehicle and Heavy Duty Vehicle |
Film Type | Windows films,Wrap films,Paint protection films |
Influencing Trend:
Growing Popularity of Motorsports
Market Growth Drivers:
Growing Demand for Mobile Advertising and Installation of Automotive Films Provide Protection against Harmful Sun Radiation
Challenges:
Automotive Wrap Films Require Regular Maintenance
Restraints:
Stringent Regulations for Automotive Wrap Films in Various Countries
Opportunities:
Rising Demand from emerging economics such as India, China and others and Growing Demand for Passenger Cars and Improving Standard of Living
Some of the other players that are also part of study are Kay Premium Marking Films Ltd (United Kingdom), Prestige Film Technologies (United Kingdom), Renolit Group (Germany) and Xpel Technologies Corp. (United States). The Global Automotive Wrap Films market is gaining huge competition due to involvement of (United States) companies that constantly invest in research & development to meet market expectation with new innovation.
Latest Industry Highlights:
In November 2015, Hexis S.A. (France) Company had launched a new range of premium polymeric colored sign vinyl, Suptac S5000 Series. This series provides high gloss finish to the vehicles.
In December 2021, Interwest Distribution Company (Denver), a distributor of the 3M-branded automotive and architectural film, was acquired by San Francisco-based private equity firm American Pacific Group. Fellers Inc., a wrap supplier, was also recently acquired by the company. The terms of the two deals were not disclosed.
On July 2013, as per an article published by the Federal Trade Commission (United States), that the Rap on Car Wrap Scams has been identified
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Automotive Wrap Films market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Automotive Wrap Films market.
Identification of total players or companies operating in the global market which is further concentrated to fewer or most impacting players which are considered under the reports scope. In order to make a priority list sorting is done based on revenue generated based on the latest reporting with the help of paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Automotive Wrap Films, Suppliers of Automotive Wrap Films, Wholesalers, distributors and retailers of Automotive Wrap Films, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.