Recently published market study research titled Global Automotive Wrap Films Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024 by Fior Markets is encapsulated on the basis of estimation of key market segments in the forecast horizon. The report forecast a conclusive study on the specified market, offering an estimation of the overall market size from 2019 to 2024. The market key segments combined with its market share, recent trends, and technologies used in the industry, overview of the key players and geographical augmentation are explained in the report. An extensive analysis covers market growth factors such as market demand and supplier opportunities, drivers, restraints, technological developments and their future impact on the market.
Automotive Wrap Films is long-term, removable, dual cast films designed for solid color passenger vehicle detailing, decoration and full wraps and provide excellent opacity to hide high-contrast surfaces.
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These films are primarily used for the purposes – first being to change or enhance the appearance of a vehicle and the second being to safeguard the original paint from dust and corrosion. One single wrap on a vehicle can last up to five years – making it a relatively affordable option. Continuous growth in the Pre-owned car markets has also led to the increase in demand of wrap films as the major scratches, improper paint and other defects can be made unnoticeable with the help of the wrap films. Globally, automotive wrap films witness significant demand, due to rising consumer interest towards paint protection and colour change films.
Scope of the Report:
In the last several years, global market of automotive wrap films developed rapidly, with an average growth rate of 16%. In 2017, global revenue of automotive wrap films is nearly 2.3 billion USD; the actual production is about 380 M Sqm.
Automotive wrap films is widely used for Light Duty Vehicle, Medium Duty Vehicle, Heavy Duty Vehicle. The most proportion of automotive wrap films is for Light Duty Vehicle, and the consumption proportion in 2017 is 68%.
North America region is the largest supplier of automotive wrap films, with a production market share nearly 38% in 2017. Europe is the second largest supplier of automotive wrap films, enjoying production market share nearly 27% in 2017.
The worldwide market for Automotive Wrap Films is expected to grow at a CAGR of roughly 13.9% over the next five years, will reach 5000 million US$ in 2024, from 2290 million US$ in 2019.
This report focuses on the Automotive Wrap Films in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
The report highlights vital supreme players in the worldwide Automotive Wrap Films market including 3M, Avery Dennison, Orafol Group, Ritrama, Vvivid Vinyl, Arlon Graphics, Hexis, KPMF, Guangzhou Carbins, .
Reasons to Buy this Report:
- Identify the dominating and the fastest developing regions in the global Automotive Wrap Films market and their growth trends during the forecast period (2019 to 2024)
- To assess various perspectives of the market with the help of Porters five forces analysis
- Identify the latest developments, market shares, and strategies employed by the major market players
- To discover regions that are expected to witness the efficient growth during the forecast period
Overarching data related to the foremost players’ in the market are also presented in this research report which includes market share, product offering, new developments and SWOT analysis of the major players. Furthermore, the report expands and formulates market strategies by investing in ultimate partners to influence and traverse business potentials and scope. It adds technological innovations and pinpoints analysis for ever-changing competitive dynamics. Last part of the report describes production, consumption, and rate by product kind and applications forecast year from 2019 to 2024.
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