Global Automotive Labels Market to Reach USD 10,772.34 Million by 2030 | CAGR of 5.7%
Category : Automotive Services | Published Date : Nov 2024 | Type : Press Release
Automotive Labels Market Scope & Overview:
As per the Consegic Business Intelligence newly published report, the Automotive Labels Market size was valued at USD 6,971.83 Million in 2022 and is projected to reach USD 10,772.34 Million by 2030, growing at a CAGR of 5.7% from 2023 to 2030. Automotive labels, comprising barcodes, VIN labels, and other labels, display component details, technical information, company logos, and more, ensuring supply chain efficiency and safety information for vehicles. Automotive labels are extensively used in passenger cars and commercial vehicles, offering key information for maintenance, safe handling, and part identification.
The report comprises the Automotive Labels Market Share, Size & Industry Analysis, By Type (Automotive Interior and Exterior Part Instructional Labels, Under the Hood Instructional Labels, Glass and Windshields Labels, Battery Labels, Others), Vehicle Type (Passenger Cars, Commercial Vehicles), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa), and Forecast, 2023-2030.
The report contains detailed information on Automotive Labels Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profile, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraints or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
Rising passenger car production and growing commercial vehicle demand are driving market growth, while price fluctuations of raw materials act as a restraint.
Segmental Analysis :
Based on type, the market is segmented into automotive interior and exterior part instructional labels, under the hood instructional labels, glass and windshields labels, battery labels, and others.
- Automotive interior and exterior part instructional labels accounted for the largest share in 2022, driven by their extensive application in passenger cars and commercial vehicles. These labels provide essential information about vehicle operation and maintenance.
- Battery labels are expected to register the fastest growth during the forecast period, driven by their importance in providing technical information about vehicle batteries, such as voltage and capacity.
Based on vehicle type, the market is divided into passenger cars and commercial vehicles.
- Passenger cars dominated the market in 2022, driven by increased production in regions like Asia-Pacific and Europe. Automotive labels in passenger cars help in ensuring proper safety, handling, and maintenance information.
- Commercial vehicles are projected to grow at the fastest rate, driven by the increasing demand for automotive labels to provide technical and safety information related to vehicle components.
Based on regions, the global market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
- North America led the market in 2022, driven by the growth in automobile manufacturing and the rising demand for automotive labels for both safety and branding purposes.
- Asia-Pacific is expected to witness the fastest CAGR, driven by rising automobile production and government investments in the automotive sector, particularly in China, Japan, and India.
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2030 | USD 10,772.34 Million |
| CAGR (2023-2030) | 5.7% |
| By Type | Automotive Interior and Exterior Part Instructional Labels, Under the Hood Instructional Labels, Glass and Windshields Labels, Battery Labels, Others |
| By Vehicle Type | Passenger Cars, Commercial Vehicles |
| By Region | North America(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The competitive landscape includes major players offering a wide range of automotive labeling solutions. Companies focus on product innovation, expanding application areas, and mergers to strengthen their positions in the automotive label market.
List of prominent players in the Automotive Labels Industry:
- 3M
- Avery Dennison Corporation
- Resource Label Group
- Brady Corporation
- UPM
- Polyonics
- ImageTek Labels
- Weber Packaging Solutions
- Advantage Labeling & Packaging Inc.
- Clarion Safety Systems
- Multi-Color Corporation
- LKQ Corporation
Recent Industry Developments :
- In November 2022, Multi-Color Corporation acquired Flexcoat Autoadesivos S.A., expanding its portfolio in automotive labels. Flexcoat's lamination and labeling capabilities in the automotive sector have strengthened MCC's market position.
- In March 2023, 3M introduced a new range of high-performance automotive labels featuring improved durability and resistance to chemicals, enhancing their application in extreme conditions.
