India Automotive Wrap Films Market Size & Outlook
India automotive wrap films market, 2018-2030 (US$M)
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India automotive wrap films market highlights
- The India automotive wrap films market generated a revenue of USD 185.1 million in 2023 and is expected to reach USD 916.8 million by 2030.
- The India market is expected to grow at a CAGR of 25.7% 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 185.1 million |
| Market revenue in 2030 | USD 916.8 million |
| Growth rate | 25.7% (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, India accounted for 2.6% 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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India 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 47.76% in 2023. Horizon Databook has segmented the India automotive wrap films market based on trucks, buses, passengers cars covering the revenue growth of each sub-segment from 2018 to 2030.
With the growing popularity of automotive wrap films and set up of companies such as, Xtreme Graphix, Higrid Imaging Solutions, 3M Car Care, and Retro Rraps, the demand for vehicle personalization is expected to grow over the coming years. Growing advancement in material and printing technology in the economy is expected to propel the demand for automotive wrap films over the forecast period.
The rapidly growing automotive industry is expected to propel the growth of automotive wrap films in the economy. In addition, growing consumer disposable income has led to the high demand for affordable and personalized cars. Number of companies in small and medium sized enterprise area in India is expected to increase competition among market players.
Due to intense competition, there is a growing need for brand recognition. This is anticipated to boost the demand for vehicle wrap films as a source of advertisement. Due to the higher population in the country, the use of wrap films for advertising purposes is more effective. This is expected to augment demand during the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the India automotive wrap films market , including forecasts for subscribers. This country databook contains high-level insights into India automotive wrap films market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India automotive wrap films market size, by application, 2018-2030 (US$M)
India Automotive Wrap Films Market Outlook Share, 2023 & 2030 (US$M)
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