On the contrary, the factor of mounting raw material cost of labels, for instance, resins, metals, colors, and polymers, acts as a restraint to the Automotive Labels Market Size’s growth for the forecast period.
Top Market Players
The high-flying players operating in the global Automotive Labels Market Size are listed as Avery Dennison Corporation (US), 3M (US), H.B. Fuller (US), UPM-Kymmene Corporation (Finland), CCL Industries Inc. (Canada), Sika AG (Switzerland), Dunmore (US), Barry-Wehmiller Companies Inc. (US), and Precision Contract Manufacturing (US).
Segmentation of Market: Automotive Labels
The global Automotive Labels Market Size has been segmented over type, material, identification technology, printing technology, and mechanism.
In terms of type segment, the global market has included assets, warning & safety, dome, branding, and other labels.
In terms of identification technology segment, the global market comprises of RFID, barcode, and others.
In terms of printing technology segment, the global market included offset, flexography, screen printing, digital printing, and others.
In terms of the mechanism segment, the global market has included heat transfer, pressure-sensitive, and others.
In terms of vehicle type segment, the global market has included passenger cars and commercial vehicles.
Regional Front
Geographically, the global market is further studied among the major regions, namely, Europe, North America, Asia-Pacific, and the rest of the world.
The region of Asia-Pacific might become the largest market for automotive labels and is likely to lead the market by the forecasted period owing to the escalating demand of smart labels and environmental concerns for efficient labels production techniques in this region. The developing countries such as China and India are the main markets that possess great potential for Automotive Labels Market Size.
On the same side, the North American region is growing at a substantial rate over the forecast period. The factors attributed to the expansion of this market in the region are rising demand for sustainable packaging, stringent regulations, and the increasing demand for environment-friendly vehicles.
In the last, the European regional market is projected to acquire the second-largest position in the global market over the assessment period. The existence of major OEM brands, such as Aston Martin, BMW, Jaguar, and Mercedes Benz, is contributing to the development of this market in Europe.