With the emergence and long-term Impact of COVID-19, the Global Automotive Films Market is to reach USD 10.91 Billion by 2030
Bizwit Research & Consulting LLP’s Recent Analysis on Global Automotive Films Market is poised to raise up to USD 10.91 Billion by 2030. Automotive films typically refer to thin, transparent, or tinted films that are applied to the windows of vehicles, including cars, trucks, and other automobiles. These films help reduce the amount of heat and glare entering the vehicle, enhancing comfort for passengers, and protecting the interior from sun damage. Automotive Films Market is expanding because of factors such as increasing demand for passenger vehicles and growing disposable income. Automotive films are designed to reinforce the windows, making them more resistant to shattering in the event of an accident or break-in, thus enhancing the safety and security of vehicles.
As a result, the demand for Automotive Films has progressively increased in the international market during the forecast period 2023-2030. Passenger vehicle owners frequently seek solutions to improve the privacy and attractiveness of their vehicles. Tinted films that provide privacy while also improving the overall appearance of the car are becoming increasingly popular as the desire for personalized and elegant vehicles grows. According to Statista, in 2020, there are 53.92 million passenger cars were sold globally, and up to 57.49 million passenger cars were sold in 2022.
Furthermore, China was the world’s largest regional market for automobiles in 2022. Moreover, rising concerns about the safety of automobiles and stringent government regulations regarding tinted glass are anticipated to create lucrative growth opportunities for the market over the forecast period. However, the installation complexity of automotive films and the high cost associated with premium automotive films are going to impede overall market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Automotive Films Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the increasing number of luxury vehicles in the region. These vehicles often have unique designs, advanced technology, and superior performance. This can make them attractive subjects for automotive films, as enthusiasts and viewers are drawn to the high-end features and aesthetics. The region’s dominant performance is anticipated to propel the overall demand for Automotive Films.
Furthermore, Asia Pacific is expected to grow fastest over the forecast period, owing to factors such as the rising popularity of light commercial in the region. The use of light commercial vehicles in various industries and for personal use has been on the rise globally. This trend has implications for the automotive film industry, which includes window tinting films, paint protection films, and other specialty films for vehicles.
The global Automotive Films Market is highly competitive owing to the presence of several key manufacturers such as 3M Company, Saint-Gobain S.A., Eastman Chemical Company, Avery Dennison Corporation, LINTEC Corporation, Ergis S.A., Toray Industries, Inc, and XX.
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Global Automotive Films Market Size study & Forecast, by Films Type (Automotive window films, Automotive wrap films, Paint protection films), by Application (Interior, Exterior), by Vehicle Type (Passenger vehicles, Commercial vehicles) and Regional Analysis, 2023-2030
Key findings of the study suggest:
- Global Automotive Films Market is anticipated to grow with a healthy growth rate of more than 5.7% over the forecast period 2023-2030.
- In the Films Type segment, automotive window films emerged as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to increasing number of luxury vehicles.
- Asia Pacific is expected to grow at a high CAGR followed by North America during 2023-2030.
Bizwit Research & Consulting has considered the following segments for the study:
By Films Type
- Automotive window films
- Automotive wrap films
- Paint protection films
By Vehicle Type
- Passenger vehicles
- Commercial vehicles
- North America
- Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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