North America Automotive Films Market Forecast to 2028 – COVID-19 Impact and Regional Analysis– by Film Type (Window Films/Tints, Wrap Films, and Paint Protection Films) and Application (Passenger Cars, Commercial Vehicles, and Two Wheelers)

North America Automotive Films Market Forecast to 2028 – COVID-19 Impact and Regional Analysis– by Film Type (Window Films/Tints, Wrap Films, and Paint Protection Films) and Application (Passenger Cars, Commercial Vehicles, and Two Wheelers)

The North America automotive films market is expected to grow from US$ 1,470.48 million in 2022 to US$ 1,941.84 million by 2028. It is estimated to grow at a CAGR of 4.7% from 2022 to 2028.

Rise in Popularity of Electric Cars fuels North America Automotive Films Market

In recent years, there has been tremendous adoption of electric vehicles (EVs) across the region. The rising adoption of electric vehicle charging infrastructure in developed countries is influencing the demand for electric cars. According to International Energy Agency (IEA), electric car sales reached a record high in 2021, despite supply chain disruptions and COVID-19 pandemic. Compared with 2020, sales nearly doubled to 6.6 million in 2021, bringing the total number of electric cars on the road to 16.5 million in 2021. Automotive films are used to protect surfaces and windows of a vehicle. Automotive films such as window tint and paint protection films are stained resistant and defend against stone chips, minor scratches, bug spray, swirl marks, and other paint damage. They also protect vehicles from harmful UV radiation. Thus, increasing demand for electric cars propel the utilization of automotive films, thereby driving the North America automotive films market growth.

North America Automotive Films Market Overview

The North America automotive films market is segmented into the US, Canada, and Mexico. The market is witnessing high growth due to increased automotive production and a high electric vehicle adoption rate. The favorable government initiatives, subsidies, and tax rebate programs to promote electric vehicle adoption in the region are propelling EV sales. Moreover, several advantages of electric vehicles over conventional vehicles are also encouraging people to opt for electric vehicles. Also, the increase in per capita income and rise in the standard of living of the population are accelerating the demand for passenger vehicles. Automotive films provide safety from sun-oriented bright radiations and help improve the general appearance of the vehicle. Therefore, the rising demand for passenger vehicles is driving the growth of the automotive films market. According to the US Department of Energy, new light-duty plug-in electric vehicle sales nearly doubled from 308,000 in 2020 to 608,000 in 2021. EV sales grew by 85% from 2020 to 2021, while PHEV sales more than doubled, with an increase of 138% over the previous year, 2020 . The rapid growth in plug-in electric vehicle sales from 2020 to 2021 is bolstering the growth of the automotive films market in North America.

North America Automotive Films Market Revenue and Forecast to 2028 (US$ Million)

North America Automotive Films Market Segmentation

The North America automotive films market is divided into film type, application , and country.

Based on film type, the North America automotive films market is segmented into window films/tints, wrap films, and paint protection films. The wrap films segment held the largest North America automotive films market share in 2022.

Based on application, the North America automotive films market is segmented into passenger cars , commercial vehicles, and two wheelers . The passenger cars segment held the largest North America automotive films market share in 2022.

Based on country, the North America automotive films market is segmented into the US, Canada, and Mexico. The US dominated the North America automotive films market share in 2022.

3M Co; Avery Dennison Corp; Compagnie de Saint Gobain SA; and Eastman Chemical Co are the leading companies operating in the North America automotive films market.

Reasons to Buy

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America automotive films market.
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in North America automotive films market, thereby allowing players across the value chain to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth North America market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution