Automotive labels market is driven by growing demand in automotive industry in both developed and developing countries. Moreover, the compliance with the mandatory automotive labeling laws will also support the growth in the automotive labels market. The global automotive labels market will grow from USD 5.74billion in 2015 to reach USD 7.30 billion by 2020, at an estimated CAGR of 4.93%.
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“Asia-Pacific to be the fastest-growing market during the forecast period”
The Asia-Pacific region is projected to be the fastest-growing Automotive Labels Market during the forecast period, followed by North America, from 2015 to 2022. China accounted for the largest consumption of automotive labels, followed by Japan in 2014.
In North America, the U.S. is the largest consumer of automotive labels.
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Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key Automotive Labels Market players, and industry consultants among other experts to obtain and verify critical qualitative and quantitative information as well as assess future market prospects. Distribution of primary interviews is as follows:
- By Company Type: Tier1—41%, Tier2—17%, and Tier3—42%
- By Designation: C-level—48%, Manager Level—32%, and Others*—20%By Region: North America—44%, Europe—19%, Asia-Pacific—28%, and RoW—9%
Automotive labels market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). The low labor costs, emerging economic conditions, and excellent hold on the automotive have played a key role in the growth of the automotive labels in the Asia-Pacific region.
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Note: The tier of the companies is defined on the basis of their total revenue, as of 2013.
Tier 1: Revenue >USD 10 billion; Tier 2: USD 1 billion > Revenue >USD 10 billion; Tier 3:Revenue <USD 1 billion.
The various suppliers of the automotive labels market profiled in the report are as follows:
- CCL Industries, Inc. (Canada)
- UPM (Finland)
- Avery Dennison Corporation (U.S.)
- 3M (U.S.)
- Sika AG (Switzerland)
- Dunmore (U.S.)
- ImageTek Labels (U.S.)
- Lewis Label Products (U.S.)
- Adhesive Research, Inc. (U.S.)
- H.B. Fuller (U.S.)
“Growing demand in the automotive industry to drive the market for automotive labels”
Digital printing is gaining preference over conventional printing technologies such as flexography and offset as it is able to significantly reduce waste and secure cost savings.
“Digital Printing projected to grow at the highest CAGR during the forecast period”
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This report estimates the size of the automotive labels market in terms of volume (million square meter) and value (USD million). In this report, the market has been segmented broadly on the basis of type, raw material, identification technology, printing technology, mechanism, application, and region.
The market drivers, restraints, opportunities, challenges, and product price trends have been discussed in detail.
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