India Automotive Films Market Forecast to 2031 – Trends, and Growth Opportunity Analysis – by Film Type (Window Films/Tints, Wrap Films, and Paint Protection Films); Application (Passenger Cars, Commercial Vehicles, and Two Wheelers and Others)

BMIRE00030871 | Pages: 75 | Chemicals and Materials | Oct 2024 | Status: Published

India automotive films market is expected to grow from US$ 281.98 million in 2023 to US$ 424.98 million by 2031. It is expected to grow at a CAGR of 5.3% from 2023 to 2031.

The India automotive films market is experiencing steady growth, driven by a combination of factors that highlight its increasing significance in the automotive industry. Automotive films, which include products such as window tints, paint protection films, and vehicle wraps, have become essential for enhancing the aesthetics, functionality, and safety of vehicles in India. The market’s expansion is primarily fueled by the rising vehicle ownership, the growing consumer awareness about vehicle aesthetics and protection, and the increasing need for vehicle privacy and comfort.

The growing demand for enhanced vehicle protection is a major driver for the India automotive films market. As more consumers invest in vehicles, they seek ways to protect their investments from external factors such as UV radiation, heat, scratches, and environmental damage. Paint protection films and UV-protective window tints are highly preferred in this regard, as they help preserve the vehicle’s appearance and extend its lifespan. The hot and sunny climate in many parts of India further boosts the demand for films that offer heat rejection and UV protection, making them an essential accessory for vehicle owners. Additionally, the market is witnessing a surge in demand for automotive films due to the increasing popularity of vehicle customization. Many consumers, especially younger demographics, are looking to personalize their vehicles with unique designs, colors, and finishes, which can be easily achieved through vehicle wraps and decorative films.

Automotive film manufacturers play a pivotal role in the supply chain of the India automotive films market, acting as a key intermediary that transforms raw materials into finished products tailored for various applications. These manufacturers are responsible for designing, producing, and delivering automotive films that meet the specific needs of both individual consumers and automotive industry players, such as vehicle manufacturers and aftermarket service providers. The primary role of automotive film manufacturers is to process raw materials into specialized films that offer functionalities such as UV protection, heat reduction, scratch resistance, and aesthetic enhancement. The manufacturing process involves several complex steps, including material formulation, extrusion, coating, laminating, and quality testing, all of which must be meticulously controlled to ensure the final product meets industry standards and customer expectations. Manufacturers must continuously innovate and optimize these processes to produce high-performance films that stand up to the challenging environmental conditions found in India, such as extreme heat and intense sunlight.

Based on film type, the India automotive films market is segmented into window films/tints, wrap films, and paint protection films. In 2023, window films/tints segment held a significant market share during the forecast period. Window films are used to reduce solar heat gain and enhance the styling and protection of the vehicle. They also protect interior components such as audio equipment, seats, and other electronic devices. These factors are expected to drive the demand for window films and tints. Moreover, paint protection films is expected to register the fastest CAGR during the forecast period.

3M Co; Hexis SAS; Compagnie de Saint Gobain SA; Garware Hi - Tech Films Limited; GoodFellas ARG – SOHO; Cosmo Sunshield; Manmachine Automotive Pvt. Ltd.; Pulsar Enterprises Pvt Ltd; Global Pet Films, Inc.; Eastman Chemical Co, are among the leading players in the India automotive films market. These companies are adopting mergers & acquisitions and product launches to expand their geographic presence and consumer bases.  

The overall India automotive films market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights. Participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers—along with external consultants, including valuation experts, research analysts, and key opinion leaders—specializing in the India automotive films market.

1.        Introduction

1.1      The Insight Partners Research Report Guidance

1.2      Market Segmentation

2.        Executive Summary

2.1      Key Insights

2.2      Market Attractiveness

3.        Research Methodology

3.1      Secondary Research

3.2      Primary Research

3.2.1       Hypothesis formulation:

3.2.2       Macro-economic factor analysis:

3.2.3       Developing base number:

3.2.4       Data Triangulation:

3.2.5       Country level data:

4.        India Automotive Films Market Landscape

4.1      Overview

4.2      Porter's Five Forces Analysis

4.2.1       Bargaining Power of Suppliers

4.2.2       Bargaining Power of Buyers

4.2.3       Threat of New Entrants

4.2.4       Competitive Rivalry

4.2.5       Threat of Substitutes

4.3      Ecosystem Analysis

4.3.1       Raw Material:

4.3.2       Automotive Film Manufacturers:

4.3.3       Distributors/Suppliers:

4.3.4       End Users:

5.        India Automotive Films Market – Key Market Dynamics

5.1      India Automotive Films Market – Key Market Dynamics

5.2      Market Drivers

5.2.1       Increasing Popularity of Paint Protection Films

5.2.2       Growing Concerns About UV Protection and Heat Reduction

5.3      Market Restraints

5.3.1       Stringent Government Regulations

5.4      Market Opportunities

5.4.1       Growing Consumer Awareness and Preferences

5.5      Future Trends

5.5.1       Advancements in Film Technology and Smart Features

5.6      Impact of Drivers and Restraints:

6.        India Automotive Films Market Analysis

6.1      India Automotive Films Market Volume (Million Sq. Ft), 2021–2031

6.2      India Automotive Films Market Volume Forecast and Analysis (Million Sq. Ft)

6.3      India Automotive Films Market Revenue (US$ Million), 2023–2031

6.4      India Automotive Films Market Forecast and Analysis

7.        India Automotive Films Market Volume and Revenue Analysis – by Film Type

7.1      Window Films/Tints

7.1.1       Overview

7.1.2       Window Films/Tints: India Automotive Films Market – Volume and Forecast to 2031 (Million Sq. Ft)

7.1.3       Window Films/Tints: India Automotive Films Market – Revenue and Forecast to 2031 (US$ Million)

7.2      Wrap Films

7.2.1       Overview

7.2.2       Wrap Films: India Automotive Films Market – Volume and Forecast to 2031 (Million Sq. Ft)

7.2.3       Wrap Films: India Automotive Films Market – Revenue and Forecast to 2031 (US$ Million)

7.3      Paint Protection Films

7.3.1       Overview

7.3.2       Paint Protection Films: India Automotive Films Market – Volume and Forecast to 2031 (Million Sq. Ft)

7.3.3       Paint Protection Films: India Automotive Films Market – Revenue and Forecast to 2031 (US$ Million)

8.        India Automotive Films Market Revenue Analysis – by Application

8.1      Passenger Cars

8.1.1       Overview

8.1.2       Passenger Cars: India Automotive Films Market – Revenue and Forecast to 2031 (US$ Million)

8.2      Commercial Vehicles

8.2.1       Overview

8.2.2       Commercial Vehicles: India Automotive Films Market – Revenue and Forecast to 2031 (US$ Million)

8.3      Two Wheelers and Others

8.3.1       Overview

8.3.2       Two Wheelers and Others: India Automotive Films Market – Revenue and Forecast to 2031 (US$ Million)

9.        Competitive Landscape

9.1      Heat Map Analysis by Key Players

9.2      Company Positioning & Concentration

10.      Industry Landscape

10.1    Overview

10.2    Market Initiative

10.3    Product Development

11.      Company Profiles

11.1    3M Co

11.1.1     Key Facts

11.1.2     Business Description

11.1.3     Products and Services

11.1.4     Financial Overview

11.1.5     SWOT Analysis

11.1.6     Key Developments

11.2    Hexis SAS

11.2.1     Key Facts

11.2.2     Business Description

11.2.3     Products and Services

11.2.4     Financial Overview

11.2.5     SWOT Analysis

11.2.6     Key Developments

11.3    Compagnie de Saint Gobain SA

11.3.1     Key Facts

11.3.2     Business Description

11.3.3     Products and Services

11.3.4     Financial Overview

11.3.5     SWOT Analysis

11.3.6     Key Developments

11.4    Garware Hi - Tech Films Limited

11.4.1     Key Facts

11.4.2     Business Description

11.4.3     Products and Services

11.4.4     Financial Overview

11.4.5     SWOT Analysis

11.4.6     Key Developments

11.5    GoodFellas ARG - SOHO

11.5.1     Key Facts

11.5.2     Business Description

11.5.3     Products and Services

11.5.4     Financial Overview

11.5.5     SWOT Analysis

11.5.6     Key Developments

11.6    Cosmo Sunshield

11.6.1     Key Facts

11.6.2     Business Description

11.6.3     Products and Services

11.6.4     Financial Overview

11.6.5     SWOT Analysis

11.6.6     Key Developments

11.7    MANMACHINE AUTOMOTIVE PVT. LTD.

11.7.1     Key Facts

11.7.2     Business Description

11.7.3     Products and Services

11.7.4     Financial Overview

11.7.5     SWOT Analysis

11.7.6     Key Developments

11.8    Pulsar Enterprises Pvt Ltd

11.8.1     Key Facts

11.8.2     Business Description

11.8.3     Products and Services

11.8.4     Financial Overview

11.8.5     SWOT Analysis

11.8.6     Key Developments

11.9    Global Pet Films, Inc.

11.9.1     Key Facts

11.9.2     Business Description

11.9.3     Products and Services

11.9.4     Financial Overview

11.9.5     SWOT Analysis

11.9.6     Key Developments

11.10  Eastman Chemical Co

11.10.1   Key Facts

11.10.2   Business Description

11.10.3   Products and Services

11.10.4   Financial Overview

11.10.5   SWOT Analysis

11.10.6   Key Developments

12.      Appendix

12.1    About The Insight Partners

 

List of Tables

Table 1.          India Automotive Films Market Segmentation

Table 2.          India Automotive Films Market – Volume and Forecast to 2031 (Million Sq. Ft)

Table 3.          India Automotive Films Market – Revenue and Forecast to 2031 (US$ Million)

Table 4.          India Automotive Films Market – Volume and Forecast to 2031 (Million Sq. Ft) – by Film Type

Table 5.          India Automotive Films Market – Revenue and Forecast to 2031 (US$ Million) – by Film Type

Table 6.          India Automotive Films Market – Revenue and Forecast to 2031 (US$ Million) – by Application

List of Figures

Figure 1.         India Automotive Films Market Segmentation, by Geography

Figure 2.         Porter's Five Forces Analysis

Figure 3.         Impact Analysis of Drivers and Restraints

Figure 4.         India Automotive Films Market Volume (Million Sq. Ft), 2021–2031

Figure 5.         India Automotive Films Market Revenue (US$ Million), 2023–2031

Figure 6.         India Automotive Films Market Share (%) – Film Type, 2023 and 2031

Figure 7.         Window Films/Tints: India Automotive Films Market – Volume and Forecast to 2031(Million Sq. Ft)

Figure 8.         Window Films/Tints: India Automotive Films Market – Revenue and Forecast to2031 (US$ Million)

Figure 9.         Wrap Films: India Automotive Films Market – Volume and Forecast to 2031(Million Sq. Ft)

Figure 10.      Wrap Films: India Automotive Films Market – Revenue and Forecast to2031 (US$ Million)

Figure 11.      Paint Protection Films: India Automotive Films Market – Volume and Forecast to 2031(Million Sq. Ft)

Figure 12.      Paint Protection Films: India Automotive Films Market – Revenue and Forecast to2031 (US$ Million)

Figure 13.      India Automotive Films Market Share (%) – Application, 2023 and 2031

Figure 14.      Passenger Cars: India Automotive Films Market – Revenue and Forecast to2031 (US$ Million)

Figure 15.      Commercial Vehicles: India Automotive Films Market – Revenue and Forecast to2031 (US$ Million)

Figure 16.      Two Wheelers and Others: India Automotive Films Market – Revenue and Forecast to2031 (US$ Million)

Figure 17.      Heat Map Analysis by Key Players

Figure 18.      Company Positioning & Concentration

  • 3M Co
  • Hexis SAS
  • Compagnie de Saint Gobain SA
  • Garware Hi - Tech Films Limited
  • GoodFellas ARG – SOHO
  • Cosmo Sunshield
  • MANMACHINE Automotive Pvt Ltd
  • Pulsar Enterprises Pvt Ltd
  • Global Pet Films Inc
  • Eastman Chemical Co
  • Progressive industry trends in the India automotive films market to help players develop effective long-term strategies
  • Business growth strategies adopted by developed and developing markets
  • Quantitative analysis of the automotive films market from 2021 to 2031
  • Estimation of the demand for automotive films across various industries
  • Porter's Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict the market growth
  • Recent developments to understand the competitive market scenario and the demand for automotive films across India
  • Market trends and outlook coupled with factors driving and restraining the growth of the automotive films market
  • Decision-making process by understanding strategies that underpin commercial interest concerning the India automotive films market growth
  • The India automotive films market size at various nodes of market
  • Detailed overview and segmentation of the automotive films market as well as its dynamics in the industry
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