NEW YORK, May 25, 2021 /PRNewswire/ --
The automotive films market is expected to grow by USD 841.36 million, progressing at a CAGR of over 3% during the forecast period.
NEW YORK, May 25, 2021 /PRNewswire/ --
The automotive films market is expected to grow by USD 841.36 million, progressing at a CAGR of over 3% during the forecast period.
The use of automotive films improves the efficiency of HVAC, the tropical climate of emerging economies necessitating the need for solar window films, and the traffic congestions and popularity of long-distance road travel are some of the major factors propelling the market growth. However, factors such as the popularity of window power sunshades, the development of smart glass technology, and the presence of stringent regulations related to the use of automotive films will hamper the market growth.
Automotive Films Market: Type Landscape
Based on the segmentation by type, the market observed maximum growth in the window films segment in 2020. The segment is driven by the increasing need to prevent UV rays from entering the cabin and for maintaining privacy. Window films are a cost-effective solution and are highly adopted by automobile owners. The growth of the segment will be significant during the forecast period.
Automotive Films Market: Geographic Landscape
By geography, APAC is going to have lucrative growth during the forecast period. About 49% of the market's overall growth is expected to originate from APAC. The popularity of interactive automotive film simulators will increase the automotive film market growth in this region. The region will offer several growth opportunities for vendors. China and Japan are the key markets for Automotive Films in APAC.
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Key Topics Covered:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Type
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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