Automotive Wrap Films Market Research Report Information By Product Type (Cast Film, Calendered Films), By Distribution Channel (Online, Offline) Vehicle Type (Passenger Cars, LCV, HCV), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030.

Global Automotive Wrap Films Market Overview

 Automotive Wrap Films Market Size was valued at USD 04 Billion in 2022 and is projected to grow from USD 10 Billion in 2023 to USD 26 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 25.00% during the forecast period (2023 - 2030). The growth is mainly attributed to significant growth in the personalization of automobiles by the application of custom automotive wrap films. Also, rising demand for out-of-home (OOH) advertising is the key market drivers enhancing market growth.

   Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Automotive Wrap Films Market Trends

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  Rising demand for out-of-home (OOH) advertising to boost market growth

  
  

The rising demand for out-of-home (OOH) advertising is indeed driving the automotive wraps films market. Automotive wrap films are used to cover and protect the surface of vehicles while also providing a platform for advertising. The wraps can be customized with various designs and graphics, which makes them an effective and eye-catching tool for brand promotion.

The growth of the OOH advertising industry, particularly in emerging economies, is one of the major drivers of the automotive wraps films market. As the use of billboards, hoardings and other traditional advertising methods becomes more limited and expensive, companies are turning to alternative methods of promotion such as vehicle wraps. This has led to an increase in demand for high-quality and durable automotive wrap films. In addition to advertising, the use of automotive wrap films is also growing in the automotive industry for vehicle customization and personalization. Wraps films can be used to change the color of a vehicle or add a unique design to its surface. This has led to increased demand from car enthusiasts and individuals looking to customize their vehicles. Overall, the rising demand for out-of-home advertising and the increasing trend of vehicle customization are driving the growth of the automotive wraps films market. Therefore, such factors related to Automotive Wrap Films have enhanced the Automotive Wrap Films market CAGR across the globe in recent years.

Automotive Wrap Films Market Segment Insights

Automotive Wrap Films Type Insights

The  Automotive Wrap Films Market segmentation, based on type, includes Cast Film, and Calendered Films. The cast film segment held the majority share in 2022 of the  Automotive Wrap Films Market revenue. Cast film is a high-quality, thin, and flexible film that is typically used for wrapping complex curves and shapes, such as vehicles. Cast films are known for their excellent conformability, durability, and UV stability, making them an ideal choice for long-term outdoor applications. Due to their high-performance characteristics, cast films are also more expensive than calendered films. Calendered films, on the other hand, are thicker and less expensive than cast films. They are typically used for short-term applications, such as event promotions and temporary advertisements. Calendered films are more rigid and less conformable than cast films, making them less suitable for wrapping complex shapes.

Automotive Wrap Films Distribution Channel Insights

The  Automotive Wrap Films Market segmentation, based on distribution channels, includes Online, Offline. The offline segment held the majority share in 2022.  Offline distribution channels include brick-and-mortar stores, specialty shops, and distributors. These channels offer customers the opportunity to see and feel the product before purchasing it, which can be important for customers who are not familiar with automotive wrap films. The preference for personal interaction with the product, as well as the presence of a larger number of brick-and-mortar stores and specialty shops.

Automotive Wrap Films Vehicle Type Insights

Based on vehicle type, the  Automotive Wrap Films Market segmentation includes Passenger Cars, LCVs, and HCV. The Passenger Cars segment dominated the market in 2022 and is projected to be the faster-growing segment during the forecast period, 2023-2030. Passenger cars are the most common type of vehicle on the road, and as a result, they represent the largest market segment for automotive wrap films. Automotive wrap films are used to change the appearance of a vehicle or to protect the original paintwork, and passenger cars are frequently customized for personal or commercial purposes. These all factors for Automotive Wrap Films positively impact the market growth.

Figure 2:  Automotive Wrap Films Market, by Distribution Channels, 2022 & 2030 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Automotive Wrap Films Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia Pacific region is expected to grow at the fastest (CAGR) in the Automotive Wrap Films market. The Asia Pacific region is home to some of the fastest-growing economies in the world, such as China and India, and has a rapidly expanding automotive industry. The rising disposable income of consumers in the region, along with a growing interest in vehicle customization, is driving the demand for Automotive Wrap Films. In addition, the increasing popularity of out-of-home advertising in the region is also fueling the growth of the market. The adoption of new technologies and the availability of cost-effective production methods are also expected to contribute to the growth of the Automotive Wrap Films market in the Asia Pacific region.

Further, the major countries studied in the market report are The U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil

Figure 3:  AUTOMOTIVE WRAP FILMS MARKET SHARE BY REGION 2022 (%)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe’s Automotive Wrap Films market accounts for the third-largest market share. Europe is home to some of the world's leading automakers. The region has a well-established automotive industry and a large number of high-end and luxury passenger cars on the road. These vehicles are often customized using Automotive Wrap Films to enhance their aesthetic appeal. In addition, the European market is characterized by stringent regulations for vehicle advertising, which have increased the demand for Automotive Wrap Films as a safer alternative to traditional vehicle paint jobs. The growing trend of vehicle personalization in the region is also driving the demand for Automotive Wrap Films. Further, the Germany Automotive Wrap Films market held the largest market share, and the UK Automotive Wrap Films market was the fastest-growing market in the European region.

North America is home to a large number of automotive enthusiasts and is a major market for vehicle customization. The region has a well-established automotive industry and a large number of passenger cars on the road, which makes it an attractive market for automotive wrap films. In addition, the growing demand for out-of-home advertising in the region is also driving the growth of the market. Moreover, the U.S. Automotive Wrap Films market held the largest market share, and the Canada Automotive Wrap Films market was the fastest-growing market in the North American region.

Automotive Wrap Films Key Market Players & Competitive Insights

Major market players are spending a lot of money on R&D to increase their product lines, which will help the Automotive Wrap Films market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Automotive Wrap Films industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

The major market players are investing a lot of money in R&D to expand their product lines, which will spur further market growth for Automotive Wrap Films. With significant market development like new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic activities to expand their global presence. To grow and thrive in a market climate that is becoming more competitive and growing, competitors in the Automotive Wrap Films industry must offer affordable products.

Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the global Automotive Wrap Films industry to benefit customers and expand the market sector. Major Automotive Wrap Films market players, including 3M, Arlon Graphics, Llc, Avery Dennison Corporation, HEXIS S.A.S., KAY PREMIUM MARKING FILMS LTD, Vvivid Vinyl Inc., and ORAFOL Europe GmbH, and others, are attempting to increase market demand by funding R&D initiatives.

3M Company is a multinational conglomerate corporation. The company is a leading innovator in a wide range of industries, including healthcare, industrial, consumer goods, and safety and graphics. 3M operates through four business segments: Safety and Industrial, Transportation and Electronics, Health Care, and Consumer. The Safety and Industrial segment provides a range of products, including personal protective equipment, safety and security products, industrial adhesives and tapes, abrasives, and roofing granules. The Transportation and Electronics segment provides solutions for the automotive, aerospace, and electronic industries. The Health Care segment offers medical and surgical supplies, dental and orthodontic products, and drug delivery systems. The Consumer segment provides products for home improvement, personal care, and other consumer applications.

Arlon Graphics is a global leader in the manufacture of high-performance pressure-sensitive cut vinyl, flexible substrates, and print media for the sign, graphics, and automotive industries.  Arlon Graphics specializes in the production of premium cast vinyl films for vehicle wraps and fleet graphics, architectural signage, and other applications. The company also manufactures a range of calendered and perforated vinyl films, digital print media, and laminates. Its products are designed for use in a variety of environments, including outdoor and indoor signage, wall graphics, and vehicle wraps. In 2019, Arlon Graphics was acquired by FLEXcon Company, Inc., a leading producer of adhesive coating and laminating technologies, creating a powerful force in the pressure-sensitive graphics industry.

Key Companies in the Automotive Wrap Films market includes

• 3M


• Arlon Graphics Llc


• Avery Dennison Corporation


• HEXIS S.A.S.


• KAY PREMIUM MARKING FILMS LTD


• Vvivid Vinyl Inc


• Eastman Chemical Company


• Guangzhou Carbins Film Co., LTD


• ORAFOL group GmbH among others

Automotive Wrap Films Industry Developments

June 2021: Arlon Graphics announced that it has developed a new cast wrap film named premium color change for fleet and vehicle applications.

March 2021: Avery Dennison Corporation announced the launch of new upgraded supreme wrapping film for vehicles with twelve new colors in its Rugged Range and Sleek Satin collections.

Automotive Wrap Films Market Segmentation

Automotive Wrap Films Type Outlook

• Cast Film


• Calendered Films

Automotive Wrap Films Vehicle Type Outlook

• Passenger Cars


• LCV


• HCV

Automotive Wrap Films Distribution Channel Outlook

• Online


• Offline

Automotive Wrap Films Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America
  
  
  
  

Report Scope:

Report Attribute/Metric	Details
Market Size 2022	USD 04 Billion
Market Size 2023	USD 10 Billion
Market Size 2030	USD 26 Billion
Compound Annual Growth Rate (CAGR)	25.00% (2023-2030)
Base Year	2022
Market Forecast Period	2023-2030
Historical Data	2018 & 2020
Market Forecast Units	Value (USD Million)
Report Coverage	Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered	Type, Distribution Channel, Vehicle Type and Region
Geographies Covered	North America, Europe, Asia Pacific, and Rest of the World
Countries Covered	The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled	3M, Arlon Graphics, Llc, Avery Dennison Corporation, HEXIS S.A.S., KAY PREMIUM MARKING FILMS LTD, Vvivid Vinyl Inc., and ORAFOL Europe GmbH
Key Market Opportunities	·         Rising popularity for vehicle wraps in developing economies
Key Market Dynamics	·         Increasing adoption of vehicle wraps in the advertising sector ·         Growing demand for the personalization of cars ·         High preference for vehicle wraps over paint

 

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