The Automotive Wrap Films Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Automotive Wrap Films Global Market Report 2024, The automotive wrap films market size has grown exponentially in recent years. It will grow from $5.78 billion in 2023 to $7.14 billion in 2024 at a compound annual growth rate (CAGR) of 23.5%. The growth in the historic period can be attributed to customization trends, paint protection demand, advertising and branding opportunities, growing vehicle fleet, ease of removal and replacement.
The automotive wrap films market size is expected to see exponential growth in the next few years. It will grow to $15.51 billion in 2028 at a compound annual growth rate (CAGR) of 21.4%. The growth in the forecast period can be attributed to diy installation culture, rise of motorsports and racing culture, rising digital printing sector,focus on color-shifting films, hydrophobic and self-healing films, increased adoption in commercial fleets. Major trends in the forecast period include advancements in film technologies, innovations in material science, sustainable and eco-friendly films, integration with ai.
An increase in the sales of luxury vehicles is significantly contributing to the growth of the automotive wrap films market going forward. Luxury vehicles refer to vehicles that provide increased levels of performance, status, comfort, and quality compared to regular vehicles for an increased price. Automotive wrap films such as paint protection films cover the surfaces of luxury cars to protect the luxury vehicle from scratches, strains, and fading caused by external factors such as debris, rocks, sand, acid rains, and other elements. Automotive wrap films increase the longevity of luxury vehicles’ exterior finish, which is crucial for their luxury status and maintenance. For instance, according to the January 2023 report released by Rolls Royce, a UK-based luxury vehicle manufacturer, the sales of Rolls Royce luxury cars increased by 7.7% from 5,586 in 2021 to 6,021 in 2022. Therefore, the increase in sales of luxury vehicles will drive the automotive wrap films market.
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The automotive wrap films market covered in this report is segmented –
1) By Film Type: Windows Films, Wrap Films, Paint Protection Films
2) By Material: Cast Vinyl, Calendared Vinyl
3) By Application: Passenger Vehicle, Commercial Vehicle
Product innovation is the key trend gaining popularity in the automotive wrap films market. Major companies operating in the automotive wrap films market are focusing on improving the usability and longevity of their automotive wrap film offerings. For instance, in April 2022, 3M Company, a US-based industrial conglomerate, launched 3M Print Wrap Film IJ280, a new innovative vehicle wrap film. The new 3M Print Wrap Film IJ280 is designed to be installed faster than regular automotive wrap films and requires less rework. 3M Print Wrap Film IJ280 can be installed 20 % faster than traditional automotive wrap films, offering two times more lifting resistance.
The automotive wrap films market report table of contents includes:
1. Executive Summary
2.Automotive Wrap Films Market Characteristics
3.Automotive Wrap Films Market Trends And Strategies
4.Automotive Wrap Films Market analysisi
5. Automotive Wrap Films Market Size And Growth
6. Automotive Wrap Films Segmentation
7. Automotive Wrap Films Regional And Country Analysis
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27. Automotive Wrap Films Competitive Landscape And Company Profiles
28.Automotive Wrap Films Key Mergers And Acquisitions
29. Automotive Wrap Films Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- 3M Co.
- APA Corporation
- Avery Dennison Corporation
- Fedrigoni SpA
- Guangzhou Sino Group Ltd.
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Analysis of the Global Automotive Wrap Films MarketA new study published by Fact.MR on the global Automotive Wrap Films market includes a global analysis and opportunity assessment for the period 2019-2029.
The report offers a comprehensive assessment of the key market dynamics in detail.
The analysts take into account the historic as well as the current growth parameters to project the growth of the Automotive Wrap Films market with maximum accuracy.Automotive Wrap Films market will grow six folds between 2019 and 2029.
Flourishing car customization trends coupled with successful online aggregators that enhance accessibility of used-vehicles are main drivers of this market.
The report provides a Y-o-Y growth trend analysis and the current and future market volume projections (Units) for the assessment period.
The impact of the novel COVID-19 pandemic on the Automotive Wrap Films market is assessed in the report along with valuable insights pertaining to how market participants are adapting to the current situation.Request to View Sample of Research Report @ https://www.factmr.com/connectus/sample?flag=S_id=4551In a bid to recognize the growth prospects in the Automotive Wrap Films market, the market study has been geographically fragmented into important regions that are progressing faster than the overall market.
The report comes out as an intelligent and thorough assessment tool as well as a great resource that will help you to secure a position of strength in the global Timber Wrap Films market.
It includes Porter’s Five Forces and PESTLE analysis to equip your business with critical information and comparative data about the Global Timber Wrap Films Market.
We have provided deep analysis of the vendor landscape to give you a complete picture of current and future competitive scenarios of the global Timber Wrap Films market.
Our analysts use the latest primary and secondary research techniques and tools to prepare comprehensive and accurate market research reports.Key players cited in the reportRani Plast, RKW SE, Inteplast Group, SCOTT Lumber Packaging, Balcon Plastics, Polytarp Product, Flexpak Corp, Trioplast Industrier, Polymax, Inc, InterWrap Inc, Multifab Packaging, Pak-Line Limited, Pakaflex Pty Limited, Flexoplas Packaging Ltd, Polymark Packaging, Davidson PlasticsGet Enquiry More About This Report: http://marketgrowthanalysis.com/reports/sample/235Each segment of the global Timber Wrap Films market is extensively evaluated in the research study.
The segmental analysis offered in the report pinpoints key opportunities available in the global Timber Wrap Films market through leading segments.
The regional study of the global Timber Wrap Films market included in the report helps readers to gain a sound understanding of the development of different geographical markets in recent years and also going forth.
