Global Automotive Labels Market is valued at USD 7.74 Billion in 2021 and expected to reach USD 10.96 Billion by 2028 with a CAGR of 5.10% over the forecast period.
The printed data on fabric, paper, polymer, metal plate, or different material for acknowledgment or attached on an automotive part is dubbed as an automotive label. The labels used in the automotive sector require withstanding harsh environmental conditions and they transfer data about the dates, producer, details, and safety of the component. The demand for automotive labels is rising at a consistent speed due to rise in the requirement for smart labels, for instance, QR codes, barcodes, and RFID identifications so as to differentiate safety information, parts, and data in the automotive making. Automotive labels can be tagged on vehicles with no additional apparatus. The labels can be fitted effectively with the help of bolts or paste. Data on the labels might be easy to understand and visible, it aims to be composed with black on white or the other way around. Automotive labels are fitted on the motors, engine, chassis, and drive trains. Marks assist efficiently recognize the elements of the vehicle. These labels can be scrambled by numbers, codes, alphanumeric arrangement, or letter sets.
The global automotive labels market can be divided by application, type, sales channel, and regions vehicle type. By type, the automotive label market can be divided into dome labels, asset label, cautioning labels, marking labels, and stock names. For differentiating proof strategy, labels used are barcode, hologram, and RFID. By application, the automotive labels market can be divided into engine component labels, chassis labels, exterior labels, and interior labels.
Rise in requirement for passenger cars is predicted to power the automotive label market during the coming period. Technical developments and need of data display in commercial vehicles are predicted to power the automotive label market during the coming period.
By sales channel, the market can be divided into aftermarket and OEM. OEMs use attractive and eye-catching automotive labels in vehicles to offer data in order to elevate brand awareness. Hence, the OEM section is expected to grow during the coming period. By vehicle type, the automotive label market can be divided into commercial vehicle and passenger vehicle. The passenger vehicle section can be further sub-divided into sedan, hatchback, and SUV/MUV. Rise in requirement for passenger cars is predicted to power the automotive label market during the coming period. Technical developments and need of data display in commercial vehicles are predicted to power the automotive label market during the coming period.
The major players included in the global automotive labels market forecast are
The global automotive labels market is seeing growth due to the serious interest for labels and altering technical dynamics for active labels and smart labels during the coming period. Rising requirement for RFID (radio frequency identification) labels and high development in evolving nations are major factors powering the automotive labels market. Requirement for eco-friendly techniques of label production is also a major factor powering the global market. Automotive labels must be made with high caliber and exactness for their durability, as they require withstanding outrageous natural conditions. Increasing raw material prices of labels, for instance, resins, metals, colors, and polymers, acts as a limiting factor for the automotive labels market growth.
Report Analysis | Details |
---|---|
Historical data | 2015 - 2020 |
Forecast Period | 2021 - 2028 |
Market Size in 2021: | USD 7.74 Billion |
Base year considered | 2020 |
Forecast Period CAGR %: | 5.10% |
Market Size Expected in 2028: | USD 10.96 Billion |
Tables, Charts & Figures: | 175 |
Pages | 300 |
key players / Manufacturers | Avery Dennison Corporation, Sika AG, 3M, Adhesives Research, Inc, Lewis Label Products, Grand Rapids Label, H.B. Fuller, Imagetek Labels, Dunmore, Identco, William Frick & Co., Weber Packaging Solutions, Inc., CCL Industries, Inc., UPM Raflatac, tesa SE, SATO |
Segments Covered | By Types, By Applications, By Raw Material, By Mechanism |
Regional Analysis | North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa |
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