India Reflective Tapes Market Size, Share & Trends Analysis Report By Application (Automobile, Building & Construction, Clothing, Others), By Product (Engineer Grade Glass Bead Reflective Tape, High Intensity Glass Bead Reflective Tape), And Segment Forecasts, 2023 - 2030
India Reflective Tapes Market Growth & Trends
The India reflective tapes market size is expected to reach USD 340.5 million by 2030, registering a CAGR of 2.4% from 2023 to 2030, according to a new report by Grand View Research, Inc. Increasing product usage in automobiles, driveways, airports, shipyards, home appliances, and safety clothing is expected to propel the market.
Specific regulations regarding the use of reflective materials for vehicles, by the Regional Transport Office (RTO), to avoid accidence is estimated to bolster the demand for the product in automotive applications. In addition, several regulations from the Indian government for enhancing safety in Indian roadways and industrial facilities is anticipated to escalate the growth of the market.
Rising traffic management complications coupled with increasing number of road accidents have led the Indian government to improve country’s road infrastructures, thereby enhancing safety for both vehicles and people. Repair and maintenance are considered as the primary need in the present scenario, which is projected to boost the demand for illuminating reflective strips over the forecast period.
Industry participants compete on the basis of advanced technological innovations and new product development. In addition, companies dominate buyer’s power concerning to prices and availability of raw material for manufacturing final products, which comply with governmental regulations.
India Reflective Tapes Market Report Highlights
- Engineer grade glass bead reflective tapes are poised to witness a CAGR of 2.8% during the forecast period, on account of properties such as less reflective, affordable, and reflection of light back at a wider angle as compared to other tapes
- Major players in the industry are marketing their products by providing extensive product portfolio for catering to demand from diverse sectors, thereby obtaining a competitive edge in the market.
- The demand for non-metalized micro-prismatic reflective tapes is estimated to witness a CAGR of 2.3% during the forecast period. They are likely to experience significant growth over the coming years owing to their ability to withstand harsh conditions
- The clothing application segment is expected to expand at a CAGR of 1.6% owing to surging demand for personal protective clothing
- Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.1.1. Application
- 1.1.2. Product
- 1.1.3. Estimates and forecast timeline
- 1.2. Research Methodology
- 1.3. Information Procurement
- 1.3.1. Purchased database
- 1.3.2. GVR’s internal database
- 1.3.3. Secondary sources
- 1.3.4. Primary research
- 1.3.5. Details of primary research
- 1.4. Information or Data Analysis
- 1.5. Market Formulation & Validation
- 1.6. Model Details
- 1.7. List of Secondary Sources
- 1.8. List of Primary Sources
- 1.9. Objectives
- Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Application outlook
- 2.2.2. Product outlook
- 2.3. Competitive Insights
- Chapter 3. India Reflective Tape Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Value Chain Analysis
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market driver analysis
- 3.5.2. Market restraint analysis
- 3.5.3. Industry opportunities & challenges
- 3.6. India Reflective Tape Market Analysis Tools
- 3.6.1. Industry analysis - Porter’s Five Forces
- 3.6.1.1. Supplier power
- 3.6.1.2. Buyer power
- 3.6.1.3. Substitution threat
- 3.6.1.4. Threat of new entrant
- 3.6.1.5. Competitive rivalry
- 3.6.2. PESTEL analysis
- 3.6.2.1. Political landscape
- 3.6.2.2. Technological landscape
- 3.6.2.3. Economic landscape
- 3.6.2.4. Social landscape
- 3.6.2.5. Environmental landscape
- 3.6.2.6. Legal landscape
- Chapter 4. Supplier Portfolio Analysis
- 4.1. List of Suppliers
- 4.2. Kraljic Matrix
- 4.3. Sourcing Best Practices
- 4.4. Negotiation Strategies
- Chapter 5. India Reflective Tape Market: Application Estimates & Trend Analysis
- 5.1. India Reflective Tape Market: Key Takeaways
- 5.2. India Reflective Tape Market: Application Movement & Market Share Analysis, 2022 & 2030
- 5.3. Automobile
- 5.3.1. Automobile market estimates and forecasts, 2018 to 2030 (Million Square Meters, USD Million)
- 5.4. Building & Construction
- 5.4.1. Building & construction market estimates and forecasts, 2018 to 2030 (Million Square Meters, USD Million)
- 5.5. Clothing
- 5.5.1. Clothing market estimates and forecasts, 2018 to 2030 (Million Square Meters, USD Million)
- 5.6. Others
- 5.6.1. Others market estimates and forecasts, 2018 to 2030 (Million Square Meters, USD Million)
- Chapter 6. India Reflective Tape Market: Product Estimates & Trend Analysis
- 6.1. India Reflective Tape Market: Key Takeaways
- 6.2. India Reflective Tape Market: Product Movement & Market Share Analysis, 2022 & 2030
- 6.3. Engineer Grade Glass Bead Reflective Tape
- 6.3.1. Engineer grade glass bead reflective tape market estimates and forecasts, 2018 to 2030 (Million Square Meters, USD Million)
- 6.4. High Intensity Glass Bead Reflective Tape
- 6.4.1. High intensity glass bead reflective tape market estimates and forecasts, 2018 to 2030 (Million Square Meters, USD Million)
- 6.5. Metalized Micro-Prismatic Reflective Tape
- 6.5.1. Metalized micro-prismatic reflective tape market estimates and forecasts, 2018 to 2030 (Million Square Meters, USD Million)
- 6.6. Non Metalized Micro-Prismatic Reflective Tape
- 6.6.1. Non metalized micro-prismatic reflective tape market estimates and forecasts, 2018 to 2030 (Million Square Meters, USD Million)
- Chapter 7. Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Market Participant Categorization
- 7.2.1. Sha Kundanmal Misrimal
- 7.2.1.1. Company overview
- 7.2.1.2. Financial performance
- 7.2.1.3. Product benchmarking
- 7.2.1.4. Strategic initiatives
- 7.2.2. AVANTIKA ELCON Pvt. Ltd.
- 7.2.2.1. Company overview
- 7.2.2.2. Financial performance
- 7.2.2.3. Product benchmarking
- 7.2.2.4. Strategic initiatives
- 7.2.3. 3M
- 7.2.3.1. Company overview
- 7.2.3.2. Financial performance
- 7.2.3.3. Product benchmarking
- 7.2.3.4. Strategic initiatives
- 7.2.4. Shiva Industries
- 7.2.4.1. Company overview
- 7.2.4.2. Financial performance
- 7.2.4.3. Product benchmarking
- 7.2.4.4. Strategic initiatives
- 7.2.5. Kohinoor Enterprises
- 7.2.5.1. Company overview
- 7.2.5.2. Financial performance
- 7.2.5.3. Product benchmarking
- 7.2.5.4. Strategic initiatives
- 7.2.6. HS Tapes
- 7.2.6.1. Company overview
- 7.2.6.2. Financial performance
- 7.2.6.3. Product benchmarking
- 7.2.6.4. Strategic initiatives
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