Automotive Wrap Films Market Size, Share & Trends Analysis Report By Application, By Region And Segment Forecasts From 2022 To 2030

Report ID: MN17618299  |  Published: November 2022  |  No of Pages: 119
Format: Electronic (PDF)  |  Industry: Chemicals & Materials

The global automotive wrap films market size is anticipated to reach USD 28.89 billion by 2030, recording a CAGR of 22.2% from 2022 to 2030. The market is expected to be driven by the rising global population and increased disposable income will favorably affect the demand for vehicle wrap films. Automotive wrap films are often used for advertising, brand marketing, and designing trucks, buses, and passenger cars.

In 2021, the U.S. surpassed Canada as the region with the largest market for car wrap films. In the United States, car wraps are being applied on more vehicles, including buses, yachts, RVs, vans, and trucks. The demand is anticipated to increase in the next years as a result of factors like the expanding popularity of camouflage wraps and the rising quantity of automotive vehicle production.

The Organization Internationale des Constructeurs d'Automobiles (OICA) estimates that the U.S. produced 10.8 million motor cars in 2019, and 8.82 million in 2020. According to OICA, light-vehicle sales in the U.S. are projected to increase by 2.7% each year, with 15.5 million units in 2022. However, the end of the lockdown and the start of normal operations are predicted to increase demand for both automobile wrap films and the manufacture of motor vehicles. In the upcoming years, it is anticipated that the existence of numerous significant vehicle wrap film manufacturers in the nation will boost market growth.

The global COVID-19 pandemic had an adverse impact on the manufacturing sectors, which in turn affected the market's growth in 2020. Work-from-home policies, order cancellations, and delivery issues all increased as COVID-19 expanded throughout the plastics business. The demand for vehicle wrap films is expected to increase in the near future due to the lifting of lockdowns and restarting of operations while adhering to the COVID-19 rules set by various governments around the world.

Automotive Wrap Films Market Key Takeaways

  • Based on applications, the passenger cars segment captured the largest market share of more than 53.81% in 2021, and is attributed to owing to a significant drop in car wraps prices and increasing customer demand for vehicle customization
  • The demand for car customization has rapidly gained popularity due to the availability of automotive wrap films in a wide range of colors and textures. Calligraphy and spot graphics are key advertising and personalization trends among drivers
  • Owing to buses' wide accessibility to rural areas, advertisements on buses have substantial prospects in developing regions with a large rural population, such as Asia Pacific, Central & South America, the Middle East, and Africa
  • In terms of revenue, North America held a major share of 37% in 2021 and dominated the global market and Europe is set to grow at a steadfast rate during the forecast period


Automotive Wrap Films Market Segments

  •  Automotive Wrap Films Application Outlook (Revenue, USD Million, 2019 - 2030)
    • Passenger Cars
    • Buses
    • Trucks
  • Automotive Wrap Films Regional Outlook (Revenue, USD Million, 2019 - 2030)
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • U.K.
      • Germany
      • France
      • Italy
      • Belgium
      • Netherlands
      • Spain
      • Poland
    • Asia Pacific
      • China
      • Japan
      • India
      • Australia
      • Indonesia
      • Malaysia
      • Thailand
      • New Zealand
      • Philippines
    • Central and South America
      • Brazil
      • Argentina
    • Middle East and Africa
      • Saudi Arabia
      • United Arab Emirates (UAE)
      • South Africa
  • List of Key Players in the Automotive Wrap Film Market
    • Avery Dennison
    • Arlon Graphics, LLC
    • 3M
    • Kay Premium Marking Films (KPMF)
    • Ritrama S.p.A.
    • Vvivid Vinyl
    • Orafol Group
    • Hexis S.A.
    • Guangzhou Carbins Film Co., LTD
    • JMR Graphics, Inc.
What questions do you have? Get quick response from our industry experts. Request More information
Key questions answered in the report include
key questions
We also offers customization on reports based on specific client requirement.
Request for Customization

Choose License Type

Research Assistance

Ryan Manuel
Ryan Manuel

Research Support Specialist, USA

  1. Phone: +1-408-610-2300
  2. Toll Free: +1-866-831-4085
  3. Email: [email protected]
Connect With Expert
  • World's largest premium report database
  • Transparent pre & post sale customer engagement model
  • Unparalleled flexibility in terms of rendering services
  • Safe & secure web experience
  • 24*5 Research support service

Get a Free Sample

FREE sample contains market data points, ranging from trend analyses to market estimates & forecasts. See for yourself...