Automotive Labels Industry Insights

Labels used in the automotive industry are necessary as they are tough to stand up against harsh environments. They provide dating, identification, usage information, and security to assure customers that they are getting quality products made and delivered by the original manufacturer. Market Research Future (MRFR) has published a research report about the global automotive labels market that expects expansion at 5% CAGR between 2016 and 2022. By value, the market has been figured to be worth the USD 8.05 BN by the end of the forecast period.

The vital factor driving the Automotive Labels Industry is the increasing demand for smart labels for automotive part’s safety, identification, and information. Another factor backing marketing growth is the increasing demand for eco-friendly label production techniques.

Key Players

Competitors that have been identified for their role in the Automotive Labels Industry 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.

Market Segmentation

MRFR's segmentation of the Automotive Labels Industry has been segmented on the basis of vital factors such as purpose, mechanism, identification, application, and region. Purpose of Custom 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 Custom Automotive Labels has been segmented into barcode, RFID, hologram, and others.

Applications of Custom Automotive Labels include chassis labels, interior labels, exterior labels, and engine component labels.

Regional Analysis

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 Custom Automotive Labels market in these regions.

Get Full Report @ https://www.marketresearchfuture.com/reports/automotive-labels-market-1919