Automotive Labels Market Size, Share, Analysis till 2025
Global Automotive Labels Market Insights
A Label is used to identify information written or printed on a piece of paper, cloth, polymer or other materials and attached to an article. Labels used in automotive industry are tough to stand up against harsh environments and provides identification, dating, usage information and security to assure customers that they are getting original manufacturer’s quality products. The market for automotive labels market is growing due to increasing demand for smart labels such as Barcode and RFID in automotive industry for automotive part’s safety, identification and information. Increasing demand for eco-friendly label production techniques is also a major driving factor for the growth of automotive labels market. However, rising raw material cost of labels act as a restraint in the growth of automotive labels market.
Global Automotive Labels market is expected to register a CAGR of about 5% during the forecast period, to reach USD 8.05 Billion by 2025.
Competitors that have been identified for their role in the global Automotive Labels market have been included in MRFR’s report. Market leading players included are UPM-Kymmene Corporation (Finland), Barry-Wehmiller Companies Inc. (U.S), Sika AG (Switzerland), H.B. Fuller (U.S.), Precision Contract Manufacturing (U.S), Lewis Labels Products Corp. (U.S), Avery Dennison Corporation (U.S), 3M (U.S.), CCL Industries Inc. (Canada), Dunmore (U.S.) and others.
MRFR’s segmentation of the Automotive Labels Market has been segmented on the basis of vital factors such as purpose, mechanism, identification, application, and region. Purpose of Automotive Labels has been segmented into branding labels, warning & safety labels, inventory labels, and dome labels.
Mechanism has been segmented into in-mold, glue-applied, heat transfer, and pressure sensitive.
Identification of Automotive Labels has been segmented into barcode, RFID, hologram, and others.
Applications of Automotive Labels include chassis labels, interior labels, exterior labels, and engine component labels.
Key regions included in the market report are South America, the Middle East, and Africa, North America, Europe and the Asia Pacific. Among these regions, the Asia Pacific regional market is expected to grow to be the largest regional market across the globe. The region has a sizable population which is swiftly urbanizing. The result of this is increased personal disposable income which has further resulted in the high demand for automotive vehicles. The increasing demand for smart labels and eco-friendly label production techniques in the region will likely drive the regions market growth over the forecast period. South America also displays a similar market growth pattern. Developing countries like Brazil, Mexico, South Africa, China, and India are key country-level markets with huge potential for growth. These countries are also establishing themselves as an automotive production hub which further drives the Automotive Labels market in these regions.