According to a report by Future Market Insights (FMI), the global automotive tinting film industry is expected to reach a value of US$ 5,268.5 million in 2023. Over the next decade, the market is projected to grow at a compound annual growth rate (CAGR) of 4.6%, reaching a valuation of US$ 8,270.5 million by 2033. This significant growth reflects the increasing demand for automobile tinting films worldwide.
The automobile tinting film market is primarily driven by the fast global growth of the automotive sector. Therefore, the need for automotive tinting film is projected to increase as there is a rising need to enhance vehicle aesthetics, safety, and privacy.
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Automotive tinting films are growing wider popularity in the auto sector worldwide. These films are generally installed on the interior or exterior of glass surfaces in vehicles. They help vehicle owners to address problems inherent to glazing.
Growing awareness about the benefits of automotive tinting films is likely to bolster sales in the market.
Automotive tinting films help in heat and glare reduction, improve safety, security, and privacy, and enhance vehicle aesthetics. These attractive benefits will continue to encourage people to use automotive tinting films, thereby boosting the market.
Manufacturers of automotive tinting films have a significant opportunity to cater specifically to the growing demand for window films in electric vehicles (EVs). As EVs continue to rise in popularity, EV owners prioritize energy efficiency and sustainability, making window films a crucial element in enhancing these aspects.
Manufacturers can capitalize on this opportunity by developing tinting films with exceptional heat-rejection properties, providing EV owners with a solution to mitigate heat buildup, improve energy efficiency, and enhance driving comfort.
Key Takeaways from the Global Market Report:
- The global automotive tinting film market is projected to progress at 6% CAGR during the forecast period.
- By application, the window segment is forecast to account for more than 55% of the overall market.
- By film type, dyed film segment is anticipated to thrive at a 2% CAGR in the forecast period.
- East Asia will continue to remain at the epicenter of the automotive tinting film industry during the assessment period.
- Automotive tinting film demand in China is projected to rise at 0% CAGR from 2023 to 2033.
- The United States automotive tinting film market is anticipated to reach 1,303.3 million by 2033.
“The growing emphasis on energy efficiency in the automotive sector has led to a higher demand for tinting films with heat rejection properties, which improve fuel efficiency and reduce the reliance on air conditioning systems. Further, innovation in automotive tinting films is likely to create new opportunities for automotive tinting film manufacturers.” – says a lead Future Market Insights (FMI) analyst
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Who is Winning?
The global market for automotive tinting films is a fairly fragmented market with several leading manufacturers holding limited shares in the market. Leading automotive tinting film manufacturers are adopting a wide variety of strategies, including new product launches, mergers, partnerships, and acquisitions. For instance,
In 2021, Air Blue automotive film with enhanced features was launched by Llumar.
Top Key Players in the Global Market
- 3M
- Avery Dennison
- LLumar
- Solar Gard
- SunTek
- XPEL
- Madico
- SolarGard
- V-KOOL
- Johnson Window Films
- Saint-Gobain Sekurit
- Nexus Films
- GBC Window Films
- Saint Gobain Sekurit
- Calstar Window Films
- MadicoAsahi GlassNippon Sheet Glass
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Key Segments Covered in Market Research
By Film Type:
- Hybrid Film
- Ceramic Film
- Carbon Tints
- Crystalline (or Clear) Glass Tints
- Metallised Tints
- Others
By Vehicle Type:
- Passenger Cars
- Compact
- Midsize
- SUV
- Luxury
- Light Commercial Vehicles
- Heavy Commercial Vehicles
By Application:
- Windows
- Windshields
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Central Asia
- Russia & Belarus
- Balkan & Baltics
- East Asia
- South Asia Pacific
- Middle East Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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