Pune, July 06, 2023 (GLOBE NEWSWIRE) -- Maximize Market Research, a global Automotive and Transportation market research firm has published competitive intelligence and market research report on the “Automotive Tinting Film Market”. The Automotive Tinting Film Market size was valued at USD 6.65 Bn in 2022. The total Automotive Tinting Film Market revenue is expected to grow at a CAGR of 4.6 percent from 2022 to 2029, reaching USD 9.53 Bn during the forecast period.
| Market Size in 2022 | USD 6.65 Bn |
| Market Size in 2029 | USD 9.53 Bn |
| CAGR | 4.6 percent (2022-2029) |
| Forecast Period | 2023-2029 |
| Base Year | 2022 |
| Number of Pages | 278 |
| No. of Tables | 119 |
| No. of Charts and Figures | 112 |
| Segment Covered | By Vehicle type and Application |
| Regional Scope | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Report Coverage | Market Share, Size & Forecast by Revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis. |
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Automotive Tinting Film Market Scope and Research Methodology
The objective of the report is to present a comprehensive analysis of the Automotive Tinting Film Market. The Automotive Tinting Film Market is segmented by Vehicle type and Application. The report on the Automotive Tinting Film market is an investor guide that provides a comprehensive analysis of the competitive benchmarking of major market players in the Automotive Tinting Film industry by services, revenue, financial status, portfolio, growth strategies, and geographical presence.
Major Service providers in the Automotive Tinting Film Industry are listed by region, total market revenue, financial status, and advancements in the market adopted by the market players, and mergers & acquisitions. Data for analysis from the Automotive Tinting Film Market report is collected by both primary and secondary research methods.
The report is a detailed analysis of the Automotive Tinting Film Market by country, regional and global presence. By collecting historical data pertaining to the industry, current and future trends in the Automotive Tinting Film Market are presented in the report along with growth rate and market size over the forecast period. The report includes micro-level Market dominance by region to gain a macro-level understanding of the Automotive Tinting Film Market.
Automotive Tinting Film Market Overview
Automotive Tinting Film is a thin laminate film installed inside or outside the glass surface in automobiles and boats as well as in the interior or exterior of glass in homes & buildings. Tinting films reduce glare caused by sunlight, oncoming headlights, or bright reflections. This feature improves visibility for the driver, reducing eye strain and enhancing safety while driving, especially in bright or harsh lighting conditions. Automotive tinting films provide privacy for vehicle occupants by reducing the visibility into the interior.
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Growing Awareness of Sun Protection is expected to boost the Automotive Tinting Film Market's growth
There is a rising awareness among vehicle owners about the harmful effects of UV radiation and excessive heat from the sun. People are increasingly concerned about protecting themselves and their vehicle interiors from UV damage, including fading of upholstery and potential health risks. Automotive tinting films provide an effective solution for sun protection and are expected to boost the Automotive Tinting Film market growth. With increasing concerns about energy consumption and fuel efficiency, automotive tinting films play a role in reducing the heat load inside vehicles. By rejecting solar heat, tinting films help to lower the need for air conditioning, leading to improved fuel efficiency. This aspect appeals to environmentally-conscious consumers and those seeking cost savings on fuel.
The quality and performance of automotive tinting films can vary across different brands and products. Some low-quality or improperly installed films may bubble, peel, or degrade over time, affecting their functionality and aesthetics. Inconsistent performance and durability can lead to consumer dissatisfaction and reluctance to invest in tinting films, which is expected to restrain the Automotive Tinting Film Market growth.
North America Region to Boost the Automotive Tinting Film Market Growth
The North America region held the largest Automotive Tinting Film Market share accounting for 23 percent in 2022 and is expected to dominate the market over the forecast period. With growing awareness about the harmful effects of UV radiation on human health and the potential for interior damage, there is an increasing demand for automotive tinting films that offer UV protection. Consumers are becoming more conscious about protecting themselves and their vehicle interiors from the sun's harmful rays, which is expected to boost the Automotive Tinting Film Market growth. North America experiences diverse climate conditions across its different regions. Areas with hot and sunny climates, such as the southern parts of the United States, often have higher demand for automotive tinting films due to the need for heat reduction and glare control. Similarly, regions with cold winters see demand for tinting films that offer insulation properties and is the reason expected to boost the regional market growth.
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Automotive Tinting Film Market Segmentation
By Vehicle type
- Heavy commercial vehicle
- Light commercial vehicle
- Passenger cars
Based on Vehicle type, the market is segmented into Heavy commercial vehicle, Light commercial vehicle, and Passenger cars. Light commercial vehicle segment held the largest market share in 2022 and is expected to dominate the market over the forecast period. Increasing demand for Light Commercial vehicles due to the significant improvement in global trade and transportation is expected to boost the segment growth in the market.
By Application
- Window
- Windshield
Based on Application, the market is segmented into Window, and Windshield. The windshield segment held the largest Automotive Tinting Film market share in 2022 and is expected to dominate the market over the forecast period. It prevents the direct impact of the sun's heat and ultraviolet rays on passengers, which is expected to boost the Automotive Tinting Film Market growth. The windshield helps vehicle drivers to see clearly without any obstruction.
Automotive Tinting Film Market Key players include
- 3M Company
- Eastman Chemical Company
- Saint-Gobain S.A.
- Avery Dennison Corporation
- Johnson Window Films
- Madico Inc.
- Solar Gard
- Garware Suncontrol
- Hanita Coatings and LLP
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Key questions answered in the Automotive Tinting Film Market are:
- What are Automotive Tinting Film Market?
- What was the Automotive Tinting Film market size in 2022?
- What is the expected Automotive Tinting Film market size by 2029?
- What is the growth rate of the Automotive Tinting Film Market?
- Which are the factors expected to drive the Automotive Tinting Film market growth?
- Which segment dominated the Automotive Tinting Film market growth?
- What is the demand pattern for the Automotive Tinting Film market?
- Which region held the largest share in the Automotive Tinting Film market?
- Who are the key players in the Automotive Tinting Film market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by Vehicle type and Application
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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About Maximize Market Research:
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