North America Automotive Films Market
No. of Pages: 90 | Report Code: BMIRE00028174 | Category: Chemicals and Materials
No. of Pages: 90 | Report Code: BMIRE00028174 | Category: Chemicals and Materials
In recent years, there has been tremendous adoption of electric vehicles (EVs) across the region. The rising adoption of electric vehicle charging infrastructure in developed countries is influencing the demand for electric cars. According to International Energy Agency (IEA), electric car sales reached a record high in 2021, despite supply chain disruptions and COVID-19 pandemic. Compared with 2020, sales nearly doubled to 6.6 million in 2021, bringing the total number of electric cars on the road to 16.5 million in 2021. Automotive films are used to protect surfaces and windows of a vehicle. Automotive films such as window tint and paint protection films are stained resistant and defend against stone chips, minor scratches, bug spray, swirl marks, and other paint damage. They also protect vehicles from harmful UV radiation. Thus, increasing demand for electric cars propel the utilization of automotive films, thereby driving the North America automotive films market growth.
The North America automotive films market is segmented into the US, Canada, and Mexico. The market is witnessing high growth due to increased automotive production and a high electric vehicle adoption rate. The favourable government initiatives, subsidies, and tax rebate programs to promote electric vehicle adoption in the region are propelling EV sales. Moreover, several advantages of electric vehicles over conventional vehicles are also encouraging people to opt for electric vehicles. Also, the increase in per capital income and rise in the standard of living of the population are accelerating the demand for passenger vehicles. Automotive films provide safety from sun-oriented bright radiations and help improve the general appearance of the vehicle. Therefore, the rising demand for passenger vehicles is driving the growth of the automotive films market. According to the US Department of Energy, new light-duty plug-in electric vehicle sales nearly doubled from 308,000 in 2020 to 608,000 in 2021. EV sales grew by 85% from 2020 to 2021, while PHEV sales more than doubled, with an increase of 138% over the previous year, 2020 . The rapid growth in plug-in electric vehicle sales from 2020 to 2021 is bolstering the growth of the automotive films market in North America.
Strategic insights for the North America Automotive Films provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 1,470.48 Million |
| Market Size by 2028 | US$ 1,941.84 Million |
| Global CAGR (2022 - 2028) | 4.7% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Film Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The geographic scope of the North America Automotive Films refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
Strategic insights for the North America Automotive Films provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 1,470.48 Million |
| Market Size by 2028 | US$ 1,941.84 Million |
| Global CAGR (2022 - 2028) | 4.7% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Film Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The geographic scope of the North America Automotive Films refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
Strategic insights for the North America Automotive Films provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 1,470.48 Million |
| Market Size by 2028 | US$ 1,941.84 Million |
| Global CAGR (2022 - 2028) | 4.7% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Film Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The geographic scope of the North America Automotive Films refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
Strategic insights for the North America Automotive Films provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 1,470.48 Million |
| Market Size by 2028 | US$ 1,941.84 Million |
| Global CAGR (2022 - 2028) | 4.7% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Film Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The geographic scope of the North America Automotive Films refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The North America automotive films market is divided into film type, application, and country.
Based on film type, the North America automotive films market is segmented into window films/tints, wrap films, and paint protection films. The wrap films segment held the largest North America automotive films market share in 2022.
Based on application, the North America automotive films market is segmented into passenger cars, commercial vehicles, and two wheelers. The passenger cars segment held the largest North America automotive films market share in 2022.
Based on country, the North America automotive films market is segmented into the US, Canada, and Mexico. The US dominated the North America automotive films market share in 2022.
3M Co; Avery Dennison Corp; Compagnie de Saint Gobain SA; and Eastman Chemical Co are the leading companies operating in the North America automotive films market.
The North America Automotive Films Market is valued at US$ 1,470.48 Million in 2022, it is projected to reach US$ 1,941.84 Million by 2028.
As per our report North America Automotive Films Market, the market size is valued at US$ 1,470.48 Million in 2022, projecting it to reach US$ 1,941.84 Million by 2028. This translates to a CAGR of approximately 4.7% during the forecast period.
The North America Automotive Films Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Automotive Films Market report:
The North America Automotive Films Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Automotive Films Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Automotive Films Market value chain can benefit from the information contained in a comprehensive market report.
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