Automotive Window Films Market 2022
The global automotive window films market was estimated at US$ 3.5 Bn in 2018, and is projected to exhibit a CAGR of 5% during the forecast period of 2019-2027.
Automotive window films are gaining significant traction in the market as these protect the vehicle’s interior systems by blocking UV rays. Owners can protect the interior LED lightings of their vehicles by using tinted automotive film, as excessive exposure to sunlight can affect the performance of LEDs. Moreover, automotive window films improve vehicle aesthetics, besides shielding the occupants from the sun and harmful UV rays.
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Key Takeaways of Automotive Window Films Market Study
- In a few years, the overall automotive market is expected to transform completely due to a shift in consumer preference towards the use of branded and durable products that improve vehicle driving experience as well as safety.
- According to a study conducted by Specialty Equipment Manufacturers Association (SEMA), the preference for branded automotive accessories is more prevalent in the Americas automotive aftermarket. Manufacturers align their product offerings as per top-selling models of Toyota, Volkswagen, and Hyundai.
- In extreme weather condition regions, the inside temperature of the vehicle is a considerable factor for a comfortable driving experience. Window films can reduce inside heat by up to 60%.
- The automotive window films market is moderately consolidated; international players hold significant share in the market, with Eastman Chemical Company alone holding more than 10% share in the market.
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Key Players to Retain Strong Market Positions
The automotive window films market is dominated by a handful of players who have good brand image, extensive R&D capabilities, and strong market presence. Tier-I manufacturers in the global automotive window films market – 3M, Eastman Chemicals Company, Saint-Gobain S.A., and LINTEC Corporation – are focusing on adding diverse products to their e-Commerce networks and building proprietary channels to increase their customer reach.
Moreover, key players are focusing on developing distributor networks through strengthening their dealers and distributors at a niche level for strong sales footprint. For instance, 3M Company is expanding its distributor network by appointing authorized dealers and distributors on a regional level.
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Related reports:
Automotive Glass Market
- The automotive glass market is expected to experience robust growth, with a 4.0% CAGR over 2018–2028. East Asia and Europe are expected to remain the largest regional markets in the global automotive glass market throughout the forecast period. Rising demand for luxury vehicles to spur the demand for automotive glass.
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Window Films Market is expected to display high growth in forthcoming years.
A film is a laminate made up of polyester which is placed either on the inside or outside of glass surfaces in residential or commercial buildings and automobiles, boats and these films are a rich source of industrial applications.A sustained demand for window films from key end-user industries such as marine, automotive and construction is responsible for market growth in films and heat gain and loss in both summers and winters have caused market growth.
Sustainable construction on account of these factors has improved growth in window films market.
Polyester is home to many enticing properties such as tensile strength, durability and clarity and being bio-based polyester in nature, deterioration of fossil resources is prevented.Request a Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/window-films-market/request-sampleGrowth is epitomized with stringent regulations concerning environment loss due to carbon dioxide emissions and the use of window films in green buildings.
Restraints are window-glazing can lead to less light in car causing less visibility and pit-falls such as accidents during night drives.
Films are usually meant to prevent solar heat gain and winter heat loss, consumption of which is in the likely range of 30% in homes occurring though doors and windows.
