The Global Automotive Wrap Films Market report for by vehicle type (heavy duty vehicles, light duty vehicles and medium duty vehicles), by application (advertisement purpose and safety purpose), by geography (North America, Europe, Asia Pacific, Middle East & Africa and South America)) is expected to reach US $ XX Bn by 2026, at a CAGR of 22.50%.
A shift in consumer lifestyle and the growing demand for personalized cars are expected to increase the demand for automotive wrap films. Heavy vehicles like buses and large vans, which are used for tourism widely usages wrap films for promotions. A requirement to protect the vehicle’s original paint for an extended time period is to boost the growth in the global automotive wrap films market.
Light-duty vehicles are expected to share significant growth in the global automotive wrap films market.
Light-duty vehicles are expected to share significant growth in the global automotive wrap films market. Light-duty vehicles commonly include light-duty trucks and passenger cars. Automotive wrap film wrap is used for advertising on these vehicles, which act as effective tools in promoting small and medium businesses. These vehicles are also used for promotional campaigns as they can reach to extensive audience and effectively boost the growth in the global automotive wrap film market.
The Asia Pacific region is expected to hold the dominant position in the global automotive wrap film market.
The Asia Pacific region is expected to grow at a XX% rate of CAGR during the forecast period. The growth in the market is attributed to the increasing economic development in the automotive sector. Promotion of green life and tourism by governments results in an increase in the usage of wrap films in heavy-duty vehicles like buses and trucks. Wrap advertisements have become popular at a good pace in this region, which acts as key factor in the global automotive wrap film market growth.
Key players operating in the Global Automotive Wrap Films Market includes Avery Dennison Corporation, Eastman Chemical Company, Foliatec Bohm Gmbh & Co. Vertriebs Kg, Garware Polyester Limited, 3M Company, Ritrama S.p.A., Ads Window Films Limited, Vvivid Vinyl, Arlon Graphics LLC, Orafol Group, Arlon Graphics, LLC, Hexis S.A., Kay Premium Marking Films Ltd, Madico, Inc., Nexfil Co, Ltd., Prestige Film Technologies and JMR Graphics Inc.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Automotive Wrap Films Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global Automotive Wrap Films Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Automotive Wrap Films Market positioning of competitors.
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