The Report Automotive Wrap Films Market Size, Share & Trends Analysis Report
By Application (Heavy-, Medium-, Light-duty Vehicles), By Region (Central &
South America, APAC, MEA, North America, Europe), And Segment Forecasts, 2019 -
2025
The global automotive wrap films market size is
expected to reach USD 11.6 billion by 2025, according to a new report by Grand
View Research, Inc. The market is projected to expand at a CAGR of 22.2% over
the forecast period. High application scope coupled with increasing demand from
light duty vehicle application is likely to have a positive impact on the
market growth. Asia Pacific is expected to be the fastest-growing regional
market over the forecast period. This can be attributed to rapidly expanding
automotive industry in the region. Rising population and increasing disposable
income levels in the emerging economies like India and China are also likely to
propel the regional market development. Moreover, growing popularity of
color-changing vehicle paints is further expected to propel the demand for
automotive wrap films in the region. Growing construction, transportation, and
industrial sectors are likely to increase the overall sales of heavy duty
vehicles in the coming years. Escalating demand for vehicle branding coupled
with increased sales of heavy duty vehicle in North America is expected to have
a positive impact on the overall market in the years to come.
Access
Research Report of Automotive Wrap Films Market @ https://www.grandviewresearch.com/industry-analysis/automotive-wrap-film-market
Further key findings from the study suggest:
· Advancements, in terms of technologies and
materials, to facilitate low cost and mass production will also help augment
the market growth
· Such advancements would also lead to
flexibility in designs and ease of manufacturing for a wide range of
applications
· Light-duty vehicles are expected to be the
fastest-growing application segment in the global automotive wrap films market
from 2019 to 2025
· North America was the largest regional
market and will maintain its dominance during the forecast years due to
increasing demand for vehicle branding and increased sales of heavy duty
vehicles
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
·
Light Duty Vehicles
·
Medium Duty Vehicles
Automotive Wrap Films Regional Outlook (Revenue, USD
Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
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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