Automotive Tinting Film Market Size to Reach $1,679.2 Million by 2027; Requisite for Private Transportation to Favor Growth

The global automotive tinting film market size is predicted to reach USD 1,679.2 million by 2027. The growing advancement in these tinting films has led to the development of high-performance films, which, in turn, will aid adoption of the product, mentioned in a report, titled “Automotive Tinting Film Market Size, Share & COVID-19 Impact Analysis, By Vehicle (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), By Application (Windshield, and Windows), and Regional Forecast, 2020-2027” the market size stood at USD 1,450.1 million in 2019 and is expected to exhibit a CAGR of 3.8% between 2020 to 2027.

Strategic Acquisition of Two Canadian Distributors by Madico to Augment Growth

Madico, Inc, a major distributor of quality window films announced that it has acquired two Canadian distributors, Courage Distributing, Inc. and Window Film Systems, and the creation of a new entity, Madico Canada. The company will function at both former Courage distribution locations in Oakville, Ontario, and Richmond, British Columbia, to cater to the market demand. The acquisition will involve the merger of Courage employees becoming a part of Madico Canada.

The Courage brothers will join Madico in operations and sales leadership roles to ensure continuity and high-quality service to customers throughout the country. The new development of Madico will have a tremendous impact on the market during the forecast period owing to the successful wholesale distribution of window film, paint protection film, and accessories by brothers Todd and Trent Courage.

Moreover, the Courage brothers received the Award of Excellence for their dealer service and support as well as philanthropic endeavors, which in turn, will aid the Madico company in establishing its presence. Also, the film installation division of Madico and Peter Yates will elevate the company’s sales in Canada.

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Inflated Demand for Private Vehicles to Stimulate Growth

The growing necessity for privately owned cars in the developing nations will create lucrative opportunities for the market. The shift from public transport to personal transport due to the fear of virus transmission during the pandemic will escalate car sales, thus promoting the growth of the market. The surge in disposable income in developing countries will have a positive effect on the market during the forecast period.  The development of low-emission vehicles will foster the healthy growth of the market. Besides, the growing regulations to curb carbon emissions by government authorities will spur opportunities for the market.

Robust Portfolio of Key Players to Aid Business Development

The market is dominated by the presence of 3M, SolarGard (Saint-Gobain), Eastman, Toray Plastics. For instance, 3M provides Automotive Tinting Film for various functions such as glare reduction, heat rejection, safety & security, stylish appearance, and sun protection.

The robust distribution network and portfolio of key players will help maintain a strong foothold in the industry.  The heavy investment for the development of new advanced products for customers will strengthen industry outlook and aid expansion of the market.

The Report Lists the Main Companies in this Market of Automotive Tinting Film:

• The 3M Company (US)
• Eastman Performance Films, LLC {LLUMAR} (US)
• Johnson Automotive Tinting Film, Inc. (US)
• Toray Plastics (America), Inc. (US)
• Solar Gard (Saint-Gobain Performance Plastics Corporation) (US)
• Madico Inc. (US)
• Avery Dennison Corporation (US)
• Garware Suncontrol (India)
• ZEOfilms (China)
• American Standard Automotive Tinting Film (US)
• Other Players

Further Report findings:

• Regional Analysis: The market in Europe is predicted to hold the largest share during the forecast period owing to the rising demand from European countries such as Germany, Italy, France, UK, and Spain. The well-established automotive industry in the region will influence the healthy growth of the market.
• Leading Segment: The passenger vehicle segment is expected to account for the largest share in the global market due to the high sales of passenger vehicles. The growing consumer inclination towards car modification will have a positive impact on the market during the forecast period.

The Market is Segmented into: