Latin America Automotive Wrap Films Market Size & Outlook
Latin America automotive wrap films market, 2018-2030 (US$M)
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Latin America automotive wrap films market highlights
- The Latin America automotive wrap films market generated a revenue of USD 289.3 million in 2023.
- The market is expected to grow at a CAGR of 19.7% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 289.3 million |
| Market revenue in 2030 | USD 1,021.4 million |
| Growth rate | 19.7% (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, Latin America region accounted for 4.1% 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 |
|---|
Latin America 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 54.37% in 2023. Horizon Databook has segmented the Latin America automotive wrap films market based on trucks, buses, passengers cars covering the revenue growth of each sub-segment from 2018 to 2030.
The adoption rate of new technology is slower in Central & South America compared to other regions. The regional market is price sensitive and thus, adopts new technology when its prices have reduced considerably. Commercial users expect a quick return on investment for their spending.
The recent advancement in print head, ink, and media technology has reduced the overall prices of automotive wrap films, which is expected to fuel market growth in the region over the forecast period. Changing consumer preferences and increasing disposable income of end users are expected to boost the growth of the automotive wrap films market.
The Central & South America automotive wrap films market is expected to grow at a slower rate compared to other regions due to the lack of road infrastructure and general unawareness about the product among the people. In addition, a small number of people reside in urban areas, which contributes to the restricted visibility of outdoor advertisements.
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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 continent-level data and insights on the Latin America automotive wrap films market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America automotive wrap films market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America automotive wrap films market size, by country, 2018-2030 (US$M)
Latin America Automotive Wrap Films Market Outlook Share, 2023 & 2030 (US$M)
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