Overview and Scope
Automotive films are a thin coating of laminated film placed on the inside or outside of a car window, providing discretion, relaxation, and increased security. These films improve the way cars are presented and give them a very glossy, transparent appearance. Automotive films are used to protect cars from environmental factors such as excess moisture, road salt, sap, and other debris.
Sizing and Forecast
The automotive film market size has grown strongly in recent years. It will grow from $5.6 billion in 2023 to $5.96 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to increase in demand for passenger vehicles, rising atmospheric temperature, strong economic growth in emerging markets, growth in automobile production and rising demand for commercial vehicles.
The automotive film market size is expected to see strong growth in the next few years. It will grow to $7.69 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to increase in demand for passenger vehicles, rising atmospheric temperature, strong economic growth in emerging markets, growth in automobile production and rising demand for commercial vehicles. Major trends in the forecast period include focus on development of tpu paint protection films (ppfs), focus on the growing popularity of high thickness paint protection films (ppfs) to strengthen product portfolio and to cater to the growing consumer demand, focus on providing cost-effective and sustainable paint films, focus on developing new and advanced products such as graphene-enhanced nano-ceramic window films to strengthen market position, focus on mergers and acquiring other competitors from the market, and focus on developing radar-transparent bright films for automobiles..
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Segmentation & Regional Insights
The automotive film market covered in this report is segmented –
1) By Film Type: Automotive Films Window Film: Paint Protection Films (PPF): Wrap Film
2) By Vehicle Type: Passenger: Commercial
3) By Material Type: Dyed, Metalized, Ceramic
4) By Application: Interior: Exterior
North America was the largest region in the automotive film market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive film market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increase in demand for passenger vehicles in developing economies is expected to propel the growth of the automotive film market going forward. A vehicle is defined as a passenger vehicle if it is either designed, built, or modified to transport people. In passenger vehicles, automotive films are used to protect the passengers and driver from direct rays of sun, and heat, and to reduce the internal temperature of the car. For instance, according to the Society of Indian Automobile Manufacturers (SIAM), an India-based not-for-profit apex national body of the Indian government, sales of passenger vehicles as a whole increased by 13.2% in the fiscal year 2021 to 3.07 million from 2.71 million in the year 2020. Furthermore, according to the State Council of the People’â„¢s Republic of China, in 2021, China’s sales of passenger cars increased 4.4% year over year to 20.15 million units, with the high demand for new energy vehicles (NEVs) continuing to drive the market expansion. Therefore, the increasing demand for passenger vehicles in developing economies is driving the demand for the automotive film market.
Key Industry Players
Major companies operating in the automotive film market report are 3M Company, Compagnie de Saint-Gobain S.A., Avery Dennison Corporation, Toray Industries, Inc., Eastman Chemical Company, Lintec Corporation, Arlon Graphics LLC, Ergis S.A., Hexis S.A., Madico Inc., Garware Polyester Ltd., Sekisui Chemical Co., Ltd., Solar Gard, KDX Window Film, Nexfil, Solar Window Film, The Window Film Company, Opalux, Solar Screen GmbH, Armolan, Bekaert Specialty Films, Global Window Films, Skyfol, XPEL Czech Republic, LLumar, hüper optik, Rayno Window Film, Convenience Group Inc., Window Film, Protex, Insulfilm, Bryan Window Films, Polar Jet Vehicle Polarization, Hanita Coatings, Mist of Miami, Al Shafaf Window Tinting & Car Accessories ?LLC, Totalgard Window Films
The automotive film market report table of contents includes:
1. Executive Summary
2. Automotive Film Market Characteristics
3. Automotive Film Market Trends And Strategies
4. Automotive Film Market – Macro Economic Scenario
5. Global Automotive Film Market Size and Growth
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31. Automotive Film Market Other Major And Innovative Companies
32. Global Automotive Film Market Competitive Benchmarking
33. Global Automotive Film Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Automotive Film Market
35. Automotive Film Market Future Outlook and Potential Analysis
36.Appendix
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