The global automotive tinting film market size is expected to reach USD 1,679.2 million by 2027, exhibiting a CAGR of 3.8% during the forecast period. The growing inclination towards factory tint to enrich vehicle’s style and features can be a vital factor enabling the growth of the market during the forecast period, the market size stood at USD 1,450.1 million in 2019
Automotive tinting film, also known as window tint, is a thin, multi-layered film that is applied to the windows of vehicles. It serves several purposes, including:
- Heat Reduction: Tinting film can block a significant amount of the sun’s heat, helping to keep the interior of the vehicle cooler, especially during hot weather.
- UV Protection: Tinted windows can block harmful UV rays, which can cause damage to the interior of the vehicle and also pose health risks to passengers.
- Glare Reduction: Tinting film reduces glare from sunlight, headlights, and other bright sources, which can improve visibility and reduce eye strain for the driver.
- Privacy: Tinted windows provide privacy for the vehicle’s occupants, making it more difficult for people outside the vehicle to see inside.
- Security: The film adds an additional layer of protection to the windows, making them more resistant to shattering in case of accidents or attempted break-ins.
- Aesthetics: Many people choose to tint their windows for the sleek, stylish look it gives to their vehicle.
Automotive tinting films come in various shades and types, including:
- Dyed Film: This type of tinting film contains a layer of dye between adhesive layers and polyester film. It absorbs solar heat and reduces glare but may fade over time.
- Metalized Film: Metalized tinting film contains tiny metallic particles that reflect heat and UV rays. It provides excellent heat rejection and durability but may interfere with electronic signals.
- Carbon Film: Carbon tinting film is made of carbon particles that block infrared light without interfering with electronic signals. It provides good heat rejection, UV protection, and durability.
- Ceramic Film: Ceramic tinting film is the highest quality option, consisting of non-metallic, nano-ceramic particles that offer superior heat rejection, UV protection, and clarity without interfering with electronic signals. It is also more expensive than other types.
When choosing automotive tinting film, it’s essential to consider local regulations regarding tint darkness and reflectivity to ensure compliance with the law. Professional installation is recommended to ensure the film is applied correctly and effectively.
Market Driver:
Surging Carbon Emissions to Spur Business Opportunities
The rising atmospheric temperatures in several nations have accelerated the demand for Automotive Tinting Film. Similarly, the imposition of emission regulations by several governments will contribute tremendously to the growth of the market in the foreseeable future. The new regulations regarding the tinting or darkness of the films to curb unwanted criminal activities will create lucrative opportunities for the market in the forthcoming years. For instance, in New Jersey, US, no tint is allowed on the windshield. Likewise, in India, the use of black tinted film is completely banned however consumers are allowed to use tinted glass with at least 70% visibility in the windshield and rear window. Also, the rising consumer proclivity on tint films to reduce vehicle temperature will foster healthy growth of the market during the forecast period.
Market Restraint
Drastic Fall in Car Sales to Thwart Market Development During Coronavirus
The disruption in automotive production and sales during COVID-19 has negatively impacted the automobile industry. Besides, the lockdown restrictions imposed by the government have led to a shortage of manpower, which, in turn, will retard the growth of the market. For instance, UK car sales were down by 89% in May 2020. The UK automotive industry witnessed a major drop in production and sales as compared to 2019. The coronavirus outbreak is predicted to contract the market by over 10% in 2020, which, will be alleviated by mid-2021. Europe and North America are expected to experience heavy losses in 2020. The analysts at Fortune Business Insights forecast, the global automotive tinting film sales will drop by 15 or 20% due to the economic recession.
Regional Analysis:
High Adoption of Tinting Films to Boost Growth in Asia Pacific
The market in Asia Pacific generated a revenue of USD 636.22 million in 2019 and is expected to rise tremendously during the forecast period. The growth in the region is attributed to the developing on-road vehicle fleets in countries in China, India, and Thailand. The market in North America is expected to witness a high growth rate during the forecast period. Europe is expected to experience a healthy CAGR owing to the rising demand from countries such as Germany, Italy, France, UK, and Spain. Brazil & Mexico is predicted to observe a low growth rate owing to the political and economic instability in countries such as developing countries of the region such as Argentina, Chile, Venezuela, Colombia, and others.
Automotive tinting film has a variety of uses beyond just improving the aesthetics of a vehicle. Here are some of the key uses:
- Heat Reduction: One of the primary purposes of automotive tinting film is to reduce the amount of heat that enters the vehicle. By blocking a significant portion of the sun’s infrared radiation, tinted windows help keep the interior cooler, which can improve comfort for passengers and reduce the strain on the vehicle’s air conditioning system.
- UV Protection: Tinted windows block harmful ultraviolet (UV) rays from the sun, which can cause damage to the skin and eyes of passengers, as well as fade and deteriorate the interior surfaces of the vehicle. UV protection provided by tinted windows helps preserve the vehicle’s interior and reduces the risk of sunburn and skin cancer for occupants.
- Glare Reduction: Tinted windows reduce glare from sunlight and bright headlights, which can improve visibility for the driver and reduce eye strain, especially during dawn, dusk, or nighttime driving. This can contribute to safer driving conditions by minimizing distractions and improving overall visibility.
- Privacy: Tinted windows provide privacy for the vehicle’s occupants by making it more difficult for people outside the vehicle to see inside. This is particularly beneficial for protecting personal belongings left inside the car and enhancing the comfort and security of passengers.
- Safety and Security: Automotive tinting film adds an additional layer of protection to the vehicle’s windows, making them more resistant to shattering in the event of an accident or attempted break-in. This can help prevent injuries from broken glass and deter theft by making it more challenging for thieves to access the interior of the vehicle.
- Interior Preservation: Tinted windows help preserve the interior of the vehicle by reducing the amount of sunlight that enters the cabin. This helps prevent fading, cracking, and deterioration of upholstery, dashboard, and other interior surfaces, thereby maintaining the resale value of the vehicle.
- Aesthetics: While not strictly a functional use, many people choose to tint their vehicle’s windows for the sleek, stylish appearance it gives to the vehicle. Tinted windows can enhance the overall look of the vehicle and give it a more upscale and personalized appearance.
Information Source:
https://www.fortunebusinessinsights.com/automotive-tinting-films-market-102312
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