The Insight Partners analysts forecasts the latest report on “Global Automotive Labels Market (Covid-19) Impact and Analysis by 2027”, according to report; The Automotive Labels Market report covers the overall and all-inclusive analysis of Market with all its factors that have an impact on market growth. This report is anchored on the thorough qualitative and quantitative assessment of the Automotive Labels Market.
Automotive labels are extensively used in the automotive industry as they are used in applications ranging from safety and warning labels to labels identifying components in the supply chain. They are designed to not just withstand heat and other weather conditions but also fluids such as brake fluids, motor oil, hydraulic oils, and washer fluids.
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Note – The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on ‘Automotive Labels Market’ provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2027, factoring the impact of Covid -19 Situation.
The sharp rise in the demand for RFID labels and the mandatory compliance with automotive labeling laws have been the key factors behind the growth of the automotive labels market. With the rising demand for smart automotive labels such as barcodes and RFID, the consumption of automotive labels is anticipated to increase. Advancements in the RFID, QR, and NFC technologies, new developments in the printing and labeling industry, and innovations in adhesive technologies have led to enhanced automotive labels and subsequently created significant opportunities for the automotive label manufacturers. However, the high cost often associated with manufacturing automobile labels in small and medium batches by OEM manufactures is likely to impede the growth of the automotive labels markets as they are unable to get sufficient gains on investments.
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Some of the Major Market Players Are: 3M, Adhesive Research, Inc., AVERY DENNISON CORPORATION, CCL Industries, Dunmore, H.B. Fuller Company, Imagetek Labels, Lewis Label Products Corporation, Sika AG, UPM Raflatac.
The global automotive labels market is segmented on the basis of type, raw material, identification technology, mechanism, and application. On the basis of type, the automotive labels market is segmented into warning & safety labels, asset labels, branding labels, dome labels, and others. The automotive labels market on the basis of raw material is classified into polypropylene, polyethylene (PE), polyethylene terephthalate (PET), polyvinyl chloride (PVC), polycarbonate (PC), acrylonitrile butadiene styrene (ABS), polyurethane (PU), and others. Based on identification technology, the global automotive labels market is divided into barcode, RFID, hologram, and others. Based on the mechanism, the global automotive labels market is divided into pressure-sensitive labeling, glue-applied labeling, heat transfer, in-mold labeling, and others. Based on application, the global automotive labels market is divided into exterior labels, engine components, interior labels, and others.
Promising Regions & Countries Mentioned in The Automotive Labels Market Report:
- North America
- Latin America
- The Middle East & Africa
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