Europe Automotive Films Market, to Grow at a CAGR of 5.4% to reach US$ 3,086.16 million from 2022 to 2028

The Europe automotive films market size was valued at US$ 2,256.68 million in 2022 and is projected to reach US$ 3,086.16 million by 2028; it is expected to grow at a CAGR of 5.4% from 2022 to 2028

Automotive films consist of reflective coatings that filter the sunlight and act as a protective cover, especially on sunny days. Further, in a road collision, window films help in holding the glass together. The high effectiveness of automotive films in blocking UV rays and strong resistance against glare and fading are driving the demand for automotive films. The market for automotive films in Europe is highly competitive due to the presence of regional players.

In 2021, Germany held the largest market share of the Europe automotive films market. The automotive films market is growing in Germany owing to the growth of automotive industry in the country. The demand for both commercial and passenger vehicles is increasing among the population due to the high disposable income of people. Thus, the demand for automotive films is increasing. Moreover, the increasing trend of displaying advertisements on heavy duty vehicles is boosting the demand for wrap films. The increase in sales of electric vehicles and the presence of major automotive wrap film manufacturers, including Hexis S.A.S., 3M, and ORAFOL Europe GmbH, in the country, are expected to boost the product demand over the forecast period.      

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Europe Automotive Films Market: Strategic Insights

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Impact of COVID-19 Pandemic on Europe Automotive Films Market

The COVID-19 pandemic affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The COVID-19 pandemic disturbed manufacturing processes due to restrictions imposed by government authorities in various countries. Supply constraints of raw materials and the adverse effect of the pandemic on the automotive industry negatively impacted the demand for automotive films.

Further, the pandemic caused fluctuations in raw material prices of automotive films. However, there has been a significant increase in the demand for passenger vehicles as various economies are reviving their operations. This factor has been responsible for a positive impact on the automotive films market to some extent.

Europe Automotive Films Market Breakdown – by Region

 

 

Market Insights

Recovery of European Automotive Industry Post Pandemic

The automotive industry in Europe was consistently growing till 2019 due to high disposable income in European countries. However, after the COVID-19 pandemic, the European automotive industry has seen some disruptions, and thus, the demand for commercial and private vehicles has decreased. According to the European Automobile Manufacturers Association (ACEA, from 2020 to July 2022, the automotive industry shows a decline in growth. However, there was growth in registrations of new passenger cars during August, September, and October in 2022. The recovering automotive industry in Europe is consolidated with several international players and their strategic development initiatives. The major players include Volkswagen, Toyota Motor Corporation, Daimler AG, Ford Motor Company, and Honda Motor Company. These players are making joint ventures and partnerships and launching new products with advanced technology to dominate their competitors. Thus, the recovery of the European automotive industry is driving the automotive films market in Europe.

Application Insights

Based on application, the Europe automotive films market has been segmented into passenger car, commercial vehicle, and two wheelers. The passenger car segment accounted for the largest market share in the Europe automotive films market in 2021. For instance, according to the European Automobile Manufacturers Association (ACEA) July 2021 report, passenger car registration jumped by 10.4% in June 2021 compared to the same month in 2020. New passenger car registration has shown declining growth due to the pandemic. However, as the economies started recovering, the demand for passenger cars increased. Automotive films are applied on the outer layer of the car to protect it from UV rays and protect its color. Moreover, window tints are used to protect the glass from scratches and other hazards. The trend of modifying luxury cars is increasing, and consumers are styling vehicles as per their requirements. These factors are expected to drive the demand for automotive films for passenger cars.

Europe Automotive Films Market, by Application – 2021 and 2028

Compagnie de Saint Gobain SA, 3M Co, Luxshield GmbH, Mister Lacky, PR-Folia, Eastman Chemical Co, Ergis SA, Hexis SAS, Avery Dennison Corp, SSA Europe GmbH, and Profilm Advanced Materials Ltd are among the major players operating in the Europe automotive films market. Players operating in the Europe automotive films market are constantly focusing on strategies such as investments in research and development activities and new product launches. These market players are highly focused on the development of high-quality and innovative product offerings to fulfill the customers’ requirements. 

Report Spotlights

• Progressive industry trends in the Europe automotive films market to help players develop effective long-term strategies
• Business growth strategies adopted by developed and developing markets
• Quantitative analysis of the Europe automotive films market from 2020 to 2028
• Estimation of demand for automotive films in Europe
• Recent developments to understand the competitive market scenario
• Market trend and outlook as well as factors driving and restraining the growth of the Europe automotive films market
• Assistance in decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
• The size of the Europe automotive films market at various nodes
• Detailed overview and segmentation of the market, as well as the Europe automotive films industry dynamics
• Size of the Europe automotive films market in various regions with promising growth opportunities

Europe Automotive Films Market

On the basis of film type the market is segmented into window films/tints, wrap films, and paint protection films. Based on application the market is segregated into passenger car, commercial vehicle, and two wheelers.

Company Profiles

• Compagnie de Saint Gobain SA
• 3M Co
• Luxshield GmbH
• Mister Lacky
• PR-Folia
• Eastman Chemical Co
• Ergis SA
• Hexis SAS
• Avery Dennison Corp
• SSA Europe GmbH
• Profilm Advanced Materials Ltd

Europe Automotive Films Report Scope