Global Automotive Labels Market, By Type (Warning & Safety Labels, Asset Labels, Others), Raw Materials (Polyvinyl Chloride, Polypropylene, Polyethylene Terephthalate, Polyethylene, Polyurethane, Polycarbonate, Others), Mechanism (Pressure Sensitive, Heat Transfer, In-Mold, Ohers), Printing Technology (Flexography, Offset, Others), Application (Exterior Labels, Interior Labels, Engine Component Labels, Others), Other) and Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025
Market Analysis: Global Automotive Labels Market
The Global Automotive Labels Market is expected to reach USD 9.10 billion by 2025, from USD 5.75 billion in 2017 growing at a CAGR of 4.7% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year is 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Market Definition: Global Automotive Labels Market
Labelling is in other words assigning short name/phrase to something. It is used to differentiate between two products in the market. Security label refers to the labelling/assigning of security information for a product or bundles of the same product. These automotive labels are then used to protect that product from theft, alteration, or any misuse of confidential information. Automotive labels are tough and stand against harsh conditions and usage. Automotive labels are widely used by industry for brand recognition and even paving a way to track the item on basis of the label.
With increasing need for automotive part identification, and information & safety concerns rising in the automobile industry, the automotive labels are set to witness huge demand growth ahead. Philippines witnessed record sales in the automobiles industry, 473,943 units being sold showing a growth of around 18% from 2016. Asia pacific region is considered largest in terms of demand and growth and China as the leading market with North America showing healthy growth around the same. With increasing foreign trade and security concerns rising, this market is set to witness surge in the demand and value.
- Growing automobile industry and an increase in automobile demands.
- Increasing security and tagging mandates and regulation concerns driving the market.
- Growing security concerns, emerging databases and urbanisation has a positive impact on the market.
- High costs of raw materials.
- Achieving economies of scale is very competitive for small players.
Segmentation: Global Automotive Labels Market
- Warning & safety labels
- Branding labels
- Dome labels
- Asset labels
- Inventory Tags
- VIN Labels
By Raw Materials
- Polyvinyl chloride (PVC)
- Polypropylene (PP)
- Polyethylene terephthalate (PET)
- Polyethylene (PE)
- Acrylonitrile butadiene styrene (ABS)
- Polyurethane (PU)
- Polycarbonate (PC)
- Paper & Paperboard
- Heat transfer
By Printing Ink Technology
- Digital printing
- Screen printing
- Letterpress printing
- Gravure printing
- Exterior labels
- Interior labels
- Engine component labels
- mechanical automotive components except engine parts
By Identification Technology
Competitive Analysis: Global Automotive Labels Market
The global automotive labels market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of organic pigments market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
In 2017 Dunmore launched new inkjet printable films for labels, packaging and graphics.
Guangzhou Manborui launched a new type of security label, Shape Memory Polymer (SMP) that has a shape regaining ability if deformed by external changes in temperature.
In 2018 LINTEC announced launch of a new set of label materials that are compatible even with industrial printers enabling printing labels even in small lots.
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Key Market Competitors: Global Automotive Labels Market
The key players operating in the global automotive labels market are –
- Avery Dennison Corporation
- CCL Industries Inc.
- UPM Raflatac
- Sika AG
The other players in the market are Dunmore, ImageTek Labels, LINTEC Corporation, Tesa SE- A Beiersdorf Company, Lewis Label Products, Seiko Holdings Corporation, Automotive labels International, Sandora Sales and Manufacturing Ltd., Honeywell International Inc., Polylabel, Intertronics, R.R. Donnelley & Sons Company, OpSec Security Group Ltd., H.B. Fuller Company, Guangzhou Manborui Material Technology Co Ltd., Constania, R.R. Donnelley & Sons Company, FLEXcon Company Inc., Torraspapel S.A, Bemis Company Inc., and Adhesives Research Inc. among others.