2016 Article "Automotive Wrap Films Market " Research Report, Market Value, Global Review

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Automotive Wrap Films Market Share, Size, Trends
and Growth, By Product Analysis, Application and
Segment Forecasts To 2022

Global automotive wrap films market is expected to reach USD 4.12 billion by 2022, according to a new
report by Grand View Research, Inc. Increasing demand for customization of light automotive including
cars and two-wheelers is expected to drive market growth. Wrap film manufacturers provide wide range
of colors and textures for vehicles which is a key reason for substituting regular paint.
Popularity of solid color wraps including matte black, matte orange, blue, green and pink is in the U.S. is
expected to drive demand over the forecast period. In addition, textured finish including brushed metal,
wood grain, carbon fiber, and leather is picking up pace in European countries as well as North America.
Need for long term protection of vehicle paint is also expected to fuel product demand over the next
seven years.
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Further key findings from the report suggest:
Light duty vehicles segment is expected to grow at a CAGR of over 20.0% from 2015 to 2022. Increased
popularity of the product and availability of varied colors and textures have led to rapid growth in
demand for vehicle customization. Spot graphics and lettering is gaining popularity among consumersfor
advertising as well as personalization.
Asia Pacific market demand for these materials is expected to rise on account of rapid economic
development. Government initiative to promote tourism in the region also results in product usage on

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heavy vehicles including buses and trucks. The demand has shifted towards full & partial vehicle wraps
which attract more attention as compared to lettering & signs. High population in the...