China Automotive Wrap Films Market Size & Outlook
China automotive wrap films market, 2018-2030 (US$M)
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China automotive wrap films market highlights
- The China automotive wrap films market generated a revenue of USD 476.4 million in 2023 and is expected to reach USD 2,496.1 million by 2030.
- The China market is expected to grow at a CAGR of 26.7% 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.
Automotive wrap films market data book summary
| Market revenue in 2023 | USD 476.4 million |
| Market revenue in 2030 | USD 2,496.1 million |
| Growth rate | 26.7% (CAGR from 2023 to 2030) |
| Largest segment | Passengers cars |
| Fastest growing segment | Passengers Cars |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, China accounted for 6.7% of the global automotive wrap films market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China automotive wrap films market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,496.1 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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China 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 54.66% in 2023. Horizon Databook has segmented the China automotive wrap films market based on trucks, buses, passengers cars covering the revenue growth of each sub-segment from 2018 to 2030.
China is the biggest automobile market in the world and is growing at a strong rate. Consumer preference for personalization coupled with high demand for automobiles is expected to augment the automotive wrap films market. Wrap film’s Low cost as compared to paint coupled with growing consumer interest toward car personalization is expected to propel the market growth over the forecast period.
The sales of motor vehicles have increased significantly in China over the past few years. According to the Organization Internationale des Constructeurs d'Automobiles (OICA), The sales of passenger vehicles reached USD 1.86 million in March 2022 with a month-on-month increase of 25.1%.
Rising consumer disposable income and consumer preference for customizing their vehicles are expected to play a key role in augmenting the demand for automotive wraps in the economy. Global players find huge opportunities in the market and have been conducting workshops in the economy for the promotion of automotive wrap films.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the China automotive wrap films market , including forecasts for subscribers. This country databook contains high-level insights into China automotive wrap films market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China automotive wrap films market size, by application, 2018-2030 (US$M)
China Automotive Wrap Films Market Outlook Share, 2023 & 2030 (US$M)
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