Labels form an essential part throughout the life of automotive components. They provide vital identification information about the vehicle component part through the entire supply chain and provide critical information about safety, maintenance and usage of the product. Automotive labels are printed through various mechanisms and heat transfer label is one of the most widely used label type. With heat transfer label principal, the image is transferred to another surface by applying heat to the label.
MARKET SCOPE
The "Global Automotive heat transfer label Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the automotive heat transfer label market with detailed market segmentation by type, printing technology, application, and geography. The report provides key statistics on the market status of the leading automotive heat transfer label market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global automotive heat transfer label market is segmented into RFID, barcode, hologram and others.
- On the basis of priniting technology, the market is segmented into flexography and digital printing.
- Based on application, the global automotive heat transfer label market is segmented into exterior labels, interior labels, engine component labels and others.
MARKET DYNAMICS
Drivers:
- Increasing global demand for RFID cable and high volume automotive production across the globe is anticipated to boost the automotive heat transfer label market.
- Significant efforts by the automotive companies towards simplifying the supply chain processes for automotive components is anticipated to provide good opportunities to the players operating in the automotive heat transfer label market.
Restraints:
- Limited standardization in the mandates pertaining to the use of heat transfer labels poses a stern challenge to the growth of automotive heat transfer label marke.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The automotive heat transfer label market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the automotive heat transfer label market in these regions.
IMPACT OF COVID-19ON AUTOMOTIVE HEAT TRANSFER LABEL MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the automotive heat transfer label market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from automotive heat transfer label market are anticipated to lucrative growth opportunities in the future with the rising demand for automotive heat transfer label in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the automotive heat transfer label market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- 3M Corporation
- Adhesive Research, Inc.
- Avery Dennison Corporation
- CCL Industries Inc.
- Dunmore
- H.B. Fuller
- ImageTek Labels
- Lewis Labels Products
- Sika AG
- UPM