Global Automotive Wrap Films Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

MarketResearch.biz delivers in-depth insights on the global automotive wrap films market in its upcoming report titled, “Global Automotive Wrap Films Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global automotive wrap films market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global automotive wrap films market report has been segmented on the basis of application and region.

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Automotive wrap films are vinyl-based graphics applied directly on original paint of vehicle. These wrap films are used to change appearance of the vehicle and to protect original paint of the vehicle. Vinyl film completely covers paint of vehicle, protecting it from stone chips, and minor abrasions caused by general wear and tear. If any section/part of vehicle get damaged for any reason, vinyl film can be easily repaired or replaced.

Increasing demand for automobile graphics and vehicle advertising is expected to drive the market growth over the forecast period. In addition, modernization of consumer lifestyle coupled with rising demand for personalization of cars is estimated to have a positive impact on the market growth. Technological advancement in printing, coupled with presence of a large number of market players are estimated to be other factors driving the market growth.

On the basis of application, light-duty vehicles are estimated to account major share in the market in terms of revenue. Increasing demand for colorful graphics on personal cars and SUV’s, coupled with growing opportunities for drivers to earn money through advertisements is expected to boost the market growth over the forecast period.

These days motorsports have become a trend among consumers. Automotive wrap films are used in sports cars to provide them an attractive look. Increasing utilization of automotive warp in motorsports events such as Formula 1, Formula Ford & Formula 3, Touring cars & GT’s, and Porsche Carrera Cup is anticipated to drive the market growth over the forecast period.

Asia Pacific automotive wrap films market is projected to register fastest growth rate in terms of revenue over the forecast period, owing to increasing demand for paint protection films in various countries in this region. In addition, rising demand for passenger vehicles in Asia Pacific market is expected to propel the market growth, owing to rising population, coupled with rising disposable income of the people in the region. Growing interest of consumers towards color change of vehicles is expected to propel demand over the forecast period.

Market segmentation and key players operating in the global automotive wrap films market:

By application:

• Heavy Duty Vehicles
• Light Duty Vehicles
• Medium Duty Vehicles

By region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa