Automotive Tinting Film Market Report 2019-2029
Forecast by Vehicle Type (Passenger Cars, Light Commercial Vehicles (LCVs), Heavy Commercial Vehicles (HCVs)), by Application (Windows, Windshield), by Regions & Leading National Markets Plus Leading Company Profiles
Increasing worldwide automotive manufacturing is the main factor driving demand for automotive tinting films. Passenger vehicle demand has seen significant development, mainly from Asian nations like China and India. In developing economies, demand for passenger cars has seen a rise due to fast urbanization and an increase in the workforce and disposable income. This is anticipated to have a positive effect over the forecast period on product demand. Tinting films assist to decrease the increase in solar heat and the loss of winter heat and to preserve a sustainable and comfortable atmosphere. Furthermore, the use of filtering films such as Ultra Violet-A decreases the likelihood of skin cancer and skin harm. It is anticipated that the environmental advantages provided by these movies will drive the market along with increasing security issues among customers.
Passenger car segment accounted for the maximum market revenue share in the year 2019 owing to increasing demand from economies like India. For instance, Indian passenger vehicle sales passed 3.37 million units in FY 2019, and FY20 is anticipated to boost further to 10 million units. in addition, the Indian government has also set an ambitious goal of selling in the nation only electric vehicles. During FY19, the Indian car sector is anticipated to see an rise of 8-12% in its recruitment.
Heavy Commercial Vehicle (HCVs) and Light Commercial Vehicle (LCVs) are driving the demand of windshield segment. Since the primary use of LCVs and HCVs is to transfer the goods from one place to other, use of automotive tinting films on the windshield prevents driver from harmful UV rays makes the journey comfortable. North America dominated the regional automotive tinting film market in the year 2019. However, Asia Pacific is anticipated to witness fastest growth over the foreseeable future.
Leading companies featured in the Automotive Tinting Film Market Report 2019-2029 report include 3M Company, Eastman Chemical Company, Tintfit Window Films Ltd., Johnson Window Films, Inc., Hanita Coatings RCA Ltd., Madico, Inc., Global Window Films, Saint-Gobain Solar Gard, LLC, Technical Window Films, Armolan Window Films, Nexfil Co. Ltd, Solar Screen International S.A., Huper Optik. The market is highly fragmented owing to presence of small to medium sized players.
The report on the Automotive Tinting Film Market Report 2019-2029 will be of value to anybody who wants to know the market size of automotive tinting film in 2029 and the growth rate of the market. The report will also guide about various market drivers, restraints and various opportunities for the automotive films across the globe. Furthermore, report also include what are various regulatory scenario and market dynamics for various Vehicle Vehicle Types and application. This report will best suit to people who are already into this industry.
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