Automotive Wrap Films Market Size Growth by 2030

Automotive Wrap Films Market Size Growth by 2030

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The globe Automotive Wrap Films Market The size accounted for USD 4,689 million in 2021 and it is estimated to reach a market size of USD 28,344 million by 2030, growing at a CAGR of 22.4% from 2022 to 2030.

Automotive Wrap Films Market Statistics

  • Global Automotive Films market revenue was US$4,689 million in 2021, growing at a CAGR of 22.4% from 2022 to 2030
  • North America Automotive Films Market Share Was More Than 35.8% In 2021
  • Asia Pacific Autowrap Films Market growth is expected to increase at a CAGR of 25.2% from 2022 to 2030
  • By vehicle type, the light commercial vehicle segments will capture over 53.3% of the total market share in 2021
  • The increasing demand for mobile advertising is driving the market value of automotive films

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Automotive Wrap Films Market Overview

Car wraps are wallpapers that are applied to the body of a vehicle to protect it from dust and corrosion. Car films are mostly made of vinyl and are personalized for the vehicle owner. Car wraps are inexpensive as a single wrap can last up to five years

Automotive Wrap Films Market Trends

The market for autowrap films is primarily determined by the worldwide demand for used cars. Additionally, the growing demand for vehicle protection against hazards such as monsoons, sand and rust is driving the automotive market to wrap films. Additionally, the increasing influence of automotive illustrations coupled with the expansion of mobile advertising is supporting the global expansion of the autowrap film market. However, growth in demand for autowrap film is likely to be hampered by the automotive industry’s intense competition on cost and quality. Key factors driving these forecasts include the increasing preference for personalized vehicles and continued demand for used cars. In addition, price compatibility and…

source_link https://www.digitaljournal.com/pr/automotive-wrap-films-market-size-growth-by-2030

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