Asia Pacific Automotive Wrap Films Market Size & Outlook
Asia Pacific automotive wrap films market, 2018-2030 (US$M)
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Asia Pacific automotive wrap films market highlights
- The Asia Pacific automotive wrap films market generated a revenue of USD 1,520.9 million in 2023.
- The market is expected to grow at a CAGR of 25.5% from 2024 to 2030.
- In terms of segment, passengers cars was the largest revenue generating application in 2023.
- Passengers Cars is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 1,520.9 million |
| Market revenue in 2030 | USD 7,460.6 million |
| Growth rate | 25.5% (CAGR from 2023 to 2030) |
| Largest segment | Passengers cars |
| Fastest growing segment | Passengers Cars |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Trucks, Buses, Passengers Cars |
| Key market players worldwide | Avery Dennison Corp, 3M Co, Guangzhou Automobile Group Co Ltd Class H, Arlon Graphics, KPMG, Fedrigoni, VViViD Vinyl, ORAFOL Europe GmbH, Hexis, Jmr Graphics |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 21.4% of the global automotive wrap films market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 7,460.6 million by 2030.
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Automotive Wrap Films Market Scope
Automotive Wrap Films Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific automotive wrap films market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to automotive wrap films market will help companies and investors design strategic landscapes.
Passengers cars was the largest segment with a revenue share of 52.47% in 2023. Horizon Databook has segmented the Asia Pacific automotive wrap films market based on trucks, buses, passengers cars covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for automotive wrap films is expected to rapidly increase in the region owing to the changing consumer lifestyle, high youth population, and increasing popularity of vehicle graphics. Rising adoption of wrap films for advertisement purposes is expected to benefit the market growth over the forecast period.
In addition, rising disposable income of consumers and rapid growth of vehicle sales, especially in China and India, are expected to augment the demand for automotive wrap films in the region. The low cost of wraps and their ability to protect the original paint from damage are expected to boost the demand for these wraps.
Quick process and the presence of a large number of suppliers in the region provide ease of application of wraps for advertisement purposes. Government initiative to promote tourism in the region also uses automotive wrap films on large vehicles including buses and trucks. The market demand has shifted towards full & partial vehicle wraps which attract more attention as compared to lettering & signs.
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Target buyers of Asia Pacific automotive wrap films market databook
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Our clientele includes a mix of automotive wrap films market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific automotive wrap films market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific automotive wrap films market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific automotive wrap films market size, by country, 2018-2030 (US$M)
Asia Pacific Automotive Wrap Films Market Outlook Share, 2023 & 2030 (US$M)
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