Automotive Films are used for heat and glare reduction, thermal insulation and UV filtration purposes. They are applied on automobile windows and help reduce energy costs arising from air conditioning. Moreover, UV protection and thermal insulation protects vehicle interiors and passengers from exposure to harmful radiation. Also, films provide mechanical protection to prevent shattering of windows during accidents. Wrap films are used for advertising on vehicles.
The increased safety features of automotive films are the major market drivers. The major challenges are regulations in countries regarding tinted glass. The regulations are a result of concerns related to passenger safety in public vehicles and national security.
Automotive Films Market Taxonomy
On basis of Film type
On basis of Vehicle type
Window films hold the largest market share among all segments. The application of window films increases sun protection and also makes the vehicle aesthetically appealing. It does not block radio waves and is cost effective. Wrap Films can be used on cars and commercial vehicles for advertising. They can be printed on and are customizable based on size and shape.
Window Films and Passenger cars hold the largest market share in their respective segments. Wrap films are the fastest-growing segment due to demand for advertising space.
Automotive Films Market Outlook
In March 2017, the 3M Company announced to acquire Scott Safety from Johnson Controls International Inc. for US$ 2 Bn. The deal will allow 3M to move into safety division and may lead to product innovation in automobile window films.
Major players in the automobile films market are 3M Company, Eastman Chemical Company, Avery Dennison Corporation, Lintec Corporation, and Saint-Gobain Performance Plastics.
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
Coherent Market Insights desk research is based on a principle set of research techniques:
Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:
Preliminary Data Mining
The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.
Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.
Coherent Statistical model
We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:
Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.
This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:
The primary research is conducted with the ecosystem players including, but not limited to:
Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.[email protected]
Talk to our research consultant to design an exclusive report as per your research needs.
We aim to fulfil client's research demands with tailored research solutions.
We aim to provide research studies in quickest turnaround time and in a much cost effective manner.
We cover each industry from supply and demand side with an aim to provide a most holistic research study.
We strive to provide most accurate and reliable research findings in our research reports.