In accordance with this study, the Global Automotive Wrapping Film Market value registered in 2022 was close to USD 6.97 BN and is predicted to outstretch revenue by USD 38.83 BN in 2030 with a CAGR of 23.95% during the period of 2023-2030.
Automotive wrapping film, also known as a car wrap, is a vehicle vinyl wrap that covers completely or partially the painted area of a vehicle. Wrapping of a vehicle can be done with a different color from vehicle's paint or same color of wrapping with different finishing like a gloss, matte, or a protective layer. Automotive wrapping is mainly done for the customized or aesthetic look of a vehicle, and also for mobile-advertising of business on a vehicle.
Market Dynamics
The growing demand for mobile advertising on vehicles is boosting the automotive wrapping film market growth. Also, the rising demand for customized look of vehicles, as wrapping is cheaper than a paint job, is fueling the market growth. On the downside, stringent government regulations regarding the use of polyvinyl chloride in these wrap films may hinder market growth.
The report has been created by using crucial tools such as Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis to help businesses around the globe navigate opportunities and challenges in the rapidly evolving marketplace with clarity. These tools also serve the detailed information of each application/product segment in the global market of automotive wrapping film.
Market Segmentation
The study offers a decisive view of the global automotive wrapping film market by segmenting it in terms of application. The report analyzes these subsets with respect to the regional segmentation. This research study will prepare marketers for the evolving needs of their customers.
By Application
- Passenger Cars
- Busses
- Trucks
Regional Analysis
This section covers automotive wrapping film market for the regions North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Regional segmentation has been done based on the present and future trends in the global automotive wrapping film market along with the individual application segment across all the prominent region.
Global Automotive Wrapping Film Market Share by Region (Representative Graph)
This research report also includes profiles of major companies operating in the global market. Some of the prominent players operating in the global automotive wrapping film market are Arlon Graphics, LLC, Avery Dennison Corporation, Guangzhou Carbins Film Co., LTD., Hexis S.A., JMR Graphics Inc., Kay Premium Marking Films (KPMF), Orafol Group, Ritrama S.p.A., The 3M Company, and Vvivid Vinyl. This section cover profiling of major players in terms of important aspects such as company overview, financial overview, business strategy, and recent developments undertaken during the forecast horizon.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.