MRFR Study: Impact of COVID-19 to Hit Automotive Labels Market in Various Ways| Market Size, Share, Growth, Analysis, Developments, Trends, and Forecast 2018- 2025
Industry Insight
As COVID-19 breakthrough and its fears are
blowing up, Market Research Future finds in its study that the global automotive
labels market might see a bright future and expand at a CAGR of approximately ~5.5%
during the forecast period 2018-2025. Despite the long-term impact of COVID-19,
the market would reach a valuation of USD 10 billion by 2025
Top Impacting Factors
Automotive labels manufacturers offer a wide
range of labeling mechanism that includes pressure-sensitive labeling, heat
transfer labeling, in-mold labeling, glue applied to the label, and some other
mechanisms. The global automotive labels market is witnessing development, amid
COVID-19 spread because of the critical interest for labels and changing
technical dynamics for smart labels and active labels during the assessment period.
The rising demand for radio frequency
identification (RFID) labels and high growth in sprouting economies are significant
drivers of the automotive labels market, finds MRFR. The demand for
eco-friendly label production techniques is also a significant factor driving
the automotive labels market. The automotive labels market is mounting at an extensive
rate owing to the expanding requirement for smart labels such as RFID and bar
code for identification, information, and safety of automotive parts in the
automotive industry.
Automotive labels market witlessness various
prominent trends such as rising demand for radio frequency identification
(RFID) labels, high growth in developing economies, and latest technological
developments in dermatology devices. These factors have motivated the market’s
growth for the forecast period.
On the contrary, the factor of mounting raw
material cost of labels, for instance, resins, metals, colors, and polymers, acts
as a restraint to the automotive labels market’s growth for the forecast period.
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Segmentation of Market: Automotive Labels
The global automotive labels market has been
segmented over type, material, identification technology, printing technology,
and mechanism.
In terms of type segment, the global market has
included assets, warning & safety, dome, branding, and other labels.
In terms of material segment, the global market
has included polyethylene (PE), polypropylene (PP), polycarbonate (PC), polyvinyl
chloride (PVC), polyethylene terephthalate (PET), and others.
In terms of identification technology segment,
the global market comprises of RFID, barcode, and others.
In terms of printing technology segment, the
global market included offset, flexography, screen printing, digital printing, and
others.
In terms of the mechanism segment, the global
market has included heat transfer, pressure-sensitive, and others.
In terms of vehicle type segment, the global
market has included passenger cars and commercial vehicles.
Regional Front
Geographically, the global market is further
studied among the major regions, namely, Europe, North America, Asia-Pacific,
and the rest of the world.
The region of Asia-Pacific might become the
largest market for automotive labels and is likely to lead the market by the
forecasted period owing to the escalating demand of smart labels and
environmental concerns for efficient labels production techniques in this
region. The developing countries such as China and India are the main markets
that possess great potential for automotive labels market.
On the same side, the North American region is
growing at a substantial rate over the forecast period. The factors attributed
to the expansion of this market in the region are rising demand for sustainable
packaging, stringent regulations, and the increasing demand for
environment-friendly vehicles.
In the last, the European regional market is
projected to acquire the second-largest position in the global market over the assessment
period. The existence of major OEM brands, such as Aston Martin, BMW, Jaguar,
and Mercedes Benz, is contributing to the development of this market in Europe.
Top Market Players
The high-flying players operating in the global
automotive labels market are listed as Avery Dennison Corporation (US), 3M (US), H.B.
Fuller (US), UPM-Kymmene Corporation (Finland), CCL Industries Inc. (Canada), Sika
AG (Switzerland), Dunmore (US), Barry-Wehmiller Companies Inc. (US), and
Precision Contract Manufacturing (US).
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Key Questions
Addressed by the Report
- What was the historic market size?
- Which segmentation (Product/
Capacity) is driving market?
- What will be the growth rate?
- How are the key players in this
market?
- What are the strategies adopted by
key players?
TABLE OF
CONTENTS
1 EXECUTIVE
SUMMARY
2 SCOPE OF
THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 DEFINITION
2.2.2 RESEARCH OBJECTIVE
2.2.3 ASSUMPTIONS
2.2.4 LIMITATIONS
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET
LANDSCAPE
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 THREAT OF SUBSTITUTES
3.1.4 SEGMENT RIVALRY
3.1.5 BARGAINING POWER OF BUYERS
3.2 VALUE CHAIN/SUPPLY CHAIN
ANALYSIS
4 MARKET
DYNAMICS
4.1 INTRODUCTION
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
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