U.S. Automotive Protection Films Market Growth & Trends
The U.S. automotive protection films market size is estimated to reach USD 494.3 million by 2030, registering a CAGR of 4.0%. The growth of the U.S. automotive industry is the major factor expected to drive market growth during the forecast period. The increasing vehicle production in the country is slated to have positive impacts on the overall product demand over the coming years.
The demand for polyurethane (PU) films in interior and exterior applications is expected to witness significant growth during the forecast period. The product is widely used in door, floor, and instrument panels for superior moisture resistance.
The increasing use of paint and surface protection films for windows, rear-view mirrors, roof, bumpers, and lamp housings is expected to increase significantly, on account of improved optical clarity, and impact and moisture resistant properties of the material.
The industry is expected to witness the highest growth in the light commercial vehicles among end-use verticals, projected to grow at a CAGR of 5.6% during the forecast period in terms of revenue. The presence of key industry players such as Ford and General Motors in the country is expected to drive the overall product demand during the forecast period.
U.S. Automotive Protection Films Market Report Highlights
- Polyurethane (PU) films accounted for the dominant market share with 54.6% in 2023 owing to their excellent chemical and mechanical stability which provides ideal resilience for automotive protection.
- The exterior application secured the dominant share in 2023 owing to the rising emphasis of original equipment manufacturers (OEMs) on surface protection.
- Light commercial vehicles (LCV) secured the dominant market share with 65.4% in 2023. This can be credited to the exponential growth of e-commerce which fuels the need for efficient last-mile delivery services.
- The key strategies adopted by the industry players include distribution agreements and acquisitions. For instance, XPEL Technologies announced the acquisition of Stratashield LLC, involved in the provision of installation services for automotive protection films.
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. U.S. Automotive Protection Films Market Variables, Trends, & Scope
Chapter 4. U.S. Automotive Protection Films Market: Material Estimates & Trend Analysis
Chapter 5. U.S. Automotive Protection Films Market: Application Estimates & Trend Analysis
Chapter 6. U.S. Automotive Protection Films Market: End Use Estimates & Trend Analysis
Chapter 7. Competitive Landscape
Companies Mentioned
- 3M
- Specialty Coating Systems Inc.
- Saint-Gobain Performance Plastics Corporation
- Choice Window Tint
- Elite Auto Films
- Star Shield Solutions
- Tint Pro/Platinum Auto Wraps
- Poli-Film America, Inc.
- TEKRA, LLC.
- Midwest Clear Bra
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 80 |
| Published | August 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 374.1 Million |
| Forecasted Market Value ( USD | $ 494.3 Million |
| Compound Annual Growth Rate | 4.0% |
| Regions Covered | United States |
| No. of Companies Mentioned | 10 |
