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Jul, 14 2022

Global Automotive Labels Market is Growing at a Significant Rate in the Forecast Period 2019-2026

According to Data Bridge Market Research new Market report, global automotive labels market will account to an estimated USD 5.75 billion in 2017 growing at a CAGR of 4.7% during the forecast period of 2018 to 2025.

Global Automotive Labels Market

Global Automotive Labels Market

Automotive labels can be defined as the products that are applied on the different parts of the components, parts of the vehicles to identify, differentiate the various parts of the vehicles from each other. These labels are equipped with security measures, unique identifications which help in protecting them from theft, or any misuse of the vehicles and parts. They are produced to be able to withstand the rough and tough usage of vehicles.

Access Full Report at https://databridgemarketresearch.com/reports/global-automotive-labels-market

Segmentation: Global Automotive Labels Market

Global automotive labels market is segmented on the basis of type, raw materials, mechanism, printing ink technology, application, identification technology and geography.

By Type (Warning & Safety Labels, Branding Labels, Dome Labels, Asset Labels, Others), Raw Materials (Polyvinyl Chloride, Polypropylene, Polyethylene Terephthalate, Polyethylene, Acrylonitrile butadiene styrene, Polyurethane, Polycarbonate, Others), Mechanism (Pressure-sensitive, Glue-applied, Heat transfer, In-mold, Others), Printing Ink Technology (Flexography, Offset, Digital printing, Screen printing, Others), Application (Exterior labels, Interior labels, Engine component labels, Others), Identification Technology (RFID, Barcode, Hologram, Others) and Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa).

FACTORS DRIVING GROWTH IN AUTOMOTIVE LABELS MARKET

Growth of the Automobile Industry

According to SIAM (Society of Indian Automobile Manufacturers), in the year of April 2016- March 2017 25.32 million vehicles were produced in India. This number rose to 29.07 million vehicles in April 2017-March 2018. This significant rise of the number of vehicles produced is evidence to the rising requirement of automotive labels globally. This number included passenger, commercial, three wheelers and two wheelers vehicle produced throughout the country. With the regulations posed by the governments to clearly identify the equipment and components in the vehicles with labels, and continuous rise in the demand for vehicles the market for automotive labels is expected to rise due to this factor.

Global Automotive Labels Market

Key Market Competitors: Global Automotive Labels Market

Few of the major competitors currently working in the automotive labels market are 3M, Avery Dennison Corporation, CCL Industries Inc., UPM Raflatac, Sika AG, Dunmore, ImageTek Labels, LINTEC Corporation, Tesa SE- A Beiersdorf Company, Lewis Label Products,  Seiko Holdings Corporation, Automotive labels International, Sandora Sales and Manufacturing Ltd., Honeywell International Inc., Polylabel, Intertronics, R.R. Donnelley & Sons Company, OpSec Security Group Ltd., H.B. Fuller Company,  Guangzhou Manborui Material Technology Co Ltd., Constania, R.R. Donnelley & Sons Company, FLEXcon Company Inc., Torraspapel S.A, Bemis Company Inc., and Adhesives Research Inc.

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