USD 6.84 billion
Automotive Film Market Size, Share, Growth Analysis, By Type(Window Films, Automotive Wrap Films, Paint Protection Films, Tinting Films), By Vehicle Type(Passenger cars and Commercial vehicles), By Distribution Channel(Original Equipment Manufacturers (OEMs), and Aftermarket), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25A2147 |
Region:
Global |
Published Date: March, 2024
Pages:
223
|Tables:
90
|Figures:
78
Automotive Film Market Insights
Global Automotive Film Market size was valued at USD 6.84 billion in 2022 and is poised to grow from USD 7.35 billion in 2023 to USD 13.00 billion by 2031, growing at a CAGR of 7.4% in the forecast period (2024-2031).
The global automotive films market has witnessed steady growth in recent years, driven by increasing consumer awareness about the benefits of window films for vehicles. These films serve a variety of purposes, ranging from enhancing vehicle aesthetics and providing privacy to offering sun protection, glare reduction, and interior preservation.
As vehicle owners seek to improve driving comfort, reduce energy consumption, and protect their interiors, the demand for automotive films has continued to rise. Manufacturers in the automotive films industry are focusing on developing innovative products that balance functionality, aesthetics, and regulatory compliance.
Additionally, advancements in film technology have led to the creation of high-performance options that cater to specific needs, such as heat rejection films and security-enhancing options. The market is characterized by a competitive landscape with various players offering a range of film types and installation services to cater to diverse consumer preferences and regional requirements. As automotive customization and personalization trends continue to gain traction, the automotive films market is likely to exhibit sustained growth in the foreseeable future.
US Automotive Film Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Window Films
Fastest Growth
Automotive Wrap Films
Growth Rate
7.4% CAGR
Global Automobile Films Market ($ Bn)
Country Share for North America Region (%)
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Automotive Film Market Segmental Analysis
The global automotive film market is segmented into four i.e. type, vehicle type, distribution channel and region. Based on type the market is segmented as, Window Films, Automotive Wrap Films, Paint Protection Films, Tinting Films, Acrylic and others. Based on vehicle type, the market is bifurcated as Passenger cars and commercial vehicles. On the basis of distribution channel the market is segmented as, Original Equipment Manufacturers (OEMs), aftermarket. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Automotive Film Market Analysis by Application
The passenger cars have emerged as the dominant and largest segment between the two. This dominance can be attributed to the sheer volume of passenger cars on the roads worldwide compared to commercial vehicles. Additionally, passenger car owners often prioritize factors such as aesthetics, comfort, and personalized styling, making automotive films an attractive option. These films not only enhance the appearance of the vehicle but also offer benefits like sun protection, privacy, and glare reduction, aligning well with the preferences of passenger car owners.
However, commercial vehicles have emerged as the fastest-growing segment. Commercial vehicles, such as trucks, vans, and buses, often operate for extended periods in various environments, making them more susceptible to heat, glare, and interior damage. Automotive films offer practical benefits, including heat rejection, UV protection, and enhanced security, which are highly valued in commercial vehicle applications. Additionally, businesses are increasingly recognizing the branding and promotional opportunities that window films present on their fleet vehicles.
Automotive Film Market Analysis by Type
Among all the types, Window Films hold a significant position as the largest and dominating segment. Window films offer a versatile range of benefits, including sun protection, glare reduction, privacy, and interior preservation, making them highly sought after by vehicle owners worldwide. With a focus on enhancing driving comfort, safety, and aesthetics, window films cater to a broad spectrum of consumer needs. Additionally, regulations related to tinted windows and sun protection in various regions further drive the demand for window films.
However, the automotive wrap films have emerged as one of the fastest-growing segments. Automotive wrap films offer a versatile solution for transforming a vehicle's appearance through color change, graphics, and branding. The increasing trend of vehicle customization and personalization, driven by both individual consumers and businesses, has propelled the demand for automotive wrap films. These films provide a cost-effective way to refresh a vehicle's aesthetics without the need for repainting, while also offering protection against minor scratches and wear.
Global automobile flims market by Type
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Automotive Film Market Regional Insights
North America stands out as one of the largest and most dominant regions in the global automotive films market. The North American market's affinity for advanced automotive technologies and its mature automotive aftermarket sector have contributed to the widespread adoption of various types of automotive films. Additionally, the region's diverse climate conditions, ranging from extreme cold to intense heat, drive the demand for window films that offer sun protection, heat rejection, and interior preservation.
However, Asia Pacific has emerged as the fastest-growing market in the global automotive films industry. The region's expanding middle class and rising disposable incomes have led to increased vehicle ownership, driving demand for automotive customization and comfort-enhancing solutions like window films. Moreover, the prevalence of high temperatures and intense sunlight in many Asia Pacific countries has boosted the demand for films that provide effective heat rejection and UV protection.
Global automobile films market by Region
- Largest
- Fastest
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Automotive Film Market Dynamics
Automotive Film Market Drivers
Increasing vehicle customization
- The rising demand for vehicle customization has led to a surge in the automotive films market. These films offer an affordable and straightforward solution for customers seeking personalized vehicles with various colors, patterns, and styles. Personalization, driven by the desire for unique vehicles that mirror individuals' personalities and lifestyles, is a key driver for this market. Automotive films provide a cost-effective avenue for tapping into this trend. Additionally, customization isn't limited to aesthetics; it can also enhance performance by modifying engine, exhaust, brakes, and suspension components.
Automotive Film Market Restraints
High Installation Price
- Automotive film installation involves specialized tools and skills, leading to higher installation costs that can deter potential buyers. The total expense depends on factors like the film type, vehicle size, and service provider location. Film type plays a role, with premium options like ceramic or carbon being pricier than standard films. Tint regulations in specific states and desired darkness level also impact costs. Higher-quality films offer better protection and durability but come at a higher price. Vehicle size affects the amount of film required, increasing installation costs. Custom techniques can be more expensive than pre-cut kits. These factors collectively shape the pricing landscape of automotive film installation.
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Automotive Film Market Competitive Landscape
The global automobile films market is marked by a competitive landscape characterized by a diverse array of manufacturers, suppliers, and service providers. These industry participants offer a wide range of automotive films catering to various customer demands and regional regulations.
Innovation plays a pivotal role in this market, as manufacturers continuously develop advanced film technologies that provide enhanced functionalities such as heat rejection, UV protection, and security features.
The market's competitiveness is further underscored by the constant evolution of consumer preferences, driving the need for customization and tailored solutions. Established players often compete by expanding their product portfolios and improving film quality, while newer entrants focus on carving out niche segments or introducing innovative application methods.
The market's dynamism is also reflected in the strategic collaborations and partnerships that emerge to capture new markets and extend product reach. As the automotive industry continues to evolve, the competitive landscape of the automobile films market remains vibrant and responsive to changing consumer needs and technological advancements.
Automotive Film Market Top Player’s Company Profiles
- Eastman Chemical Company (US)
- Garware Polyester Limited (India)
- Avery Dennison Corporation (US)
- Hexis S.A. (France)
- Johnson Window Film Inc. (US)
- Lintec Corporation (Japan)
- Nexfil Co., Ltd. (South Korea)
- Zeofilms (Saudi Arabia)
- Solar Gard (US)
- Madico, Inc. (US)
- SunTek Films (US)
- Global Window Films (US)
- Saint-Gobain Performance Plastics (France)
- XPEL, Inc. (US)
- Hanita Coatings (Israel)
- American Standard Window Film (US)
- Wintech Window Films (UK)
- Sekisui S-Lec America, LLC (US)
- V-KOOL (US)
Automotive Film Market Recent Developments
-
In January 2024, China strengthened its electric vehicle (EV) desires as BYD arose ready to outperform Tesla as the main worldwide electric vehicle maker.
-
In February 2024, INEOS Automotive and BASF's Coatings division established an understanding of global automotive refinish body and paint advancement. This partnership implies a drawn-out strategic collaboration effort pointed toward outperforming industry norms in vehicle body repair and paint restoration. It envelops the stockpile of supportable resurface arrangements, skill, the most recent advanced variety matching arrangements, and preparation.
-
In March 2024, Renault is satisfied to report its partnership with India's prestigious DPIFF as the Powered by Partner for 2024. This joint effort connotes the combination of automotive greatness with cinematic glory.
Automotive Film Key Market Trends
- Growing Demand for Advanced Ceramic Films: One key trend in the global automobile films market is the increasing demand for advanced ceramic films. These films utilize cutting-edge ceramic nanoparticle technology to offer superior heat rejection, UV protection, and glare reduction compared to traditional tinted films. Ceramic films also maintain high visibility, making them appealing to consumers who seek enhanced comfort without compromising aesthetics or safety. The trend toward ceramic films reflects a growing preference for high-performance solutions that cater to both functional and aesthetic needs in the automotive sector.
Automotive Film Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to global automotive film market analysis, the market exhibits a dynamic landscape shaped by evolving consumer preferences, technological advancements, and regulatory considerations. This market analysis reveals several significant trends and factors driving its growth.
An increasing emphasis on vehicle customization and personalization, coupled with rising awareness about the benefits of automotive films, propels market expansion. Consumers' desire for enhanced driving comfort, reduced energy consumption, and improved privacy fuels the demand for window films that offer heat rejection, glare reduction, and UV protection.
Additionally, the trend toward environmentally friendly solutions has led to the development of eco-friendly films, aligning with the growing sustainability concerns in the automotive industry. As technological innovations continue to emerge, manufacturers are focusing on introducing films with advanced functionalities such as self-healing properties and smart tinting capabilities.
The market's competitive landscape is characterized by a mix of established players and newer entrants, all vying to meet diverse consumer needs through a range of products and installation services. Moreover, stringent regulations in various regions pertaining to permissible tint levels on windows create opportunities for manufacturers to develop compliant solutions. In conclusion, the global automobile films market is positioned for steady growth as it navigates through these trends and factors, aiming to provide innovative solutions that align with the evolving automotive landscape.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 6.84 billion |
| Market size value in 2031 | USD 13.00 billion |
| Growth Rate | 7.4% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Automotive Film Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Automotive Film Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Automotive Film Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive Film Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive Film Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Automotive Film Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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