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Automotive Labels Industry report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2022.Labels used in the automotive industry are necessary as they are tough to stand up against harsh environments. They provide dating, identification, usage information, and security to assure customers that they are getting quality products made and delivered by the original manufacturer. Market Research Future (MRFR) has published a research report about the global automotive labels market that expects expansion at 5% CAGR between 2016 and 2022. By value, the market has been figured to be worth the USD 8.05 BN by the end of the forecast period.
The vital factor driving the global automotive labels market growth is the increasing demand for smart labels for automotive part’s safety, identification, and information. Another factor backing marketing growth is the increasing demand for eco-friendly label production techniques.
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Market Segmentation
The global automotive labels market segmentation covers application, identification, mechanism, purpose. According to the application-based segmentation, this market has been segmented into chassis labels, engine component labels, exterior labels, and interior labels.
In the context of identification, the market has been segmented into the barcode, hologram, radio-frequency identification (RFID), and others. Regarding mechanism, the market has been segmented into the glue-applied mechanism, heat transfer mechanism, in-mold mechanism, and pressure-sensitive mechanism. Based on purpose, the market has been segmented into asset labels, branding labels, dome labels, inventory labels, and warning & safety labels.
Regional Segmentation
The regional segmentation of the global automotive labels market includes the regional markets that are Asia Pacific, Europe, North America, South America, and the Middle East & Africa (MEA). During the forecast period, the Asia Pacific region has been projected to be the largest regional market due to rising environmental concerns for efficient labels production techniques and the increasing demand for smart labels in this region. China is being billed to be the largest country-specific market in this region, followed by India. Another prominent country-specific market in this region is Japan, followed by the remaining countries of the Asia Pacific region.
In North America and Europe, the major reason responsible for market growth is the availability of sophisticated technologies necessary for developing automobiles. Other major factors carrying the market growth forward include propelling demand for the automotive labels, the presence of major automobile manufacturers in these regions, and their partnerships with the small local players to maximize distribution. In North America, the most important country-specific markets are the USA, Canada, and Mexico. In Europe, the country-specific markets generating maximum revenue are France, Germany, Italy, and the UK.
South America is a smaller market compared to North America because the former is lagging in technological advancement. The biggest revenue generating markets in this region are Argentina and Brazil, followed by the remaining countries of the Asia Pacific region.
In the MEA region, the market is small due to the limited availability of technology and lack of skilled labor. The furthermost country-specific markets in this region are Saudi Arabia, UAE, and South Africa.
Key Players
Key players in the global automotive labels market include 3M (USA), Avery Dennison Corporation (USA), Barry-Wehmiller Companies Inc. (USA), CCL Industries Inc. (Canada), Dunmore (USA), H.B. Fuller (USA), Lewis Labels Products Corp. (USA), Precision Contract Manufacturing (USA), Sika AG (Switzerland), and UPM-Kymmene Corporation (Finland).
Latest Industry News
Release liner-producer Itasa has successfully initiated production at its new plant located in Querétaro, Mexico. Here, Itasa is going to manufacture automotive, composites, hygiene, labels, medical, and tapes. 6 JUNE 2019
Labelmaster, a provider of products, services, and technology for the safe and compliant transport of hazardous materials (hazmat) and dangerous goods (DG) has released durable hazmat labels, marks, and placards that can withstand extreme conditions. 11 JUNE 2019
Mandatory by 1 SEP 2019, the E5 and B7 fuel labels are rolling out in gas stations all across the UK. E5 stands for gasoline with up to 5% renewable ethanol while B7 means up to 7% of renewable biodiesel. 6 JUNE 2019
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