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

Global Automotive Wrap Films Market Overview

“The global Automotive Wrap Films market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

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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.

Automotive wrap films are vinyl-based graphics applied directly to the original paint of the vehicle. These wrap films are used to change the appearance of the vehicle and to protect the original paint of the vehicle.

The vinyl film completely covers the paint of the vehicle, protecting it from stone chips, and minor abrasions caused by general wear and tear. If any section/part of the vehicle gets damaged for any reason, vinyl film can be easily repaired or replaced.

Increasing demand for automobile graphics and vehicle advertising is expected to drive 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 advancements in printing, coupled with the 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 a major share of the market in terms of revenue. Increasing demand for colorful graphics on personal cars and SUVs, 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 with an attractive look.

Increasing utilization of automotive warp in motorsports events such as Formula 1, Formula Ford & Formula 3, Touring cars & GTs, 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 the 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 the Asia Pacific market is expected to propel the market growth, owing to the rising population, coupled with the rising disposable income of the people in the region. The growing interest of consumers toward a color change in 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