[340 Pages Report] The Automotive Labels Market is estimated to grow from USD 5.74 Billion in 2015 to reach USD 7.30 Billion by 2020, at an estimated CAGR of 4.93%. The segments considered for this report are based on type, raw material, mechanism, printing technology, identification technology, application, and region. On the basis of type, asset labels held the largest market share, in terms of value, while warning & safety labels were the most widely used labels, in terms of volume, in the automotive labels industry. The identification technology includes barcode, RFID, hologram, and others. The barcode identification technology segment accounted for the largest share in the market, in terms of both volume and value, among all identification technologies. The market is also segmented on the basis of mechanism into pressure-sensitive, glue-applied, in-mold, heat transfer, and others.

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Asset Labels to gain maximum traction during the forecast period

The asset labels are made up of a variety of raw materials such as metal, polyester, or poly vinyl chloride and are highly preferred for easy identification of equipment. These labels are highly durable and deliver excellent performance in terms of extreme environmental and mechanical conditions. The growth in the asset label is supported by its features such as synchronize process of repairs, maintenance, and inventory control for enterprises as well as maintaining the authenticity of the product.

Pressure-sensitive mechanism to grow at the fastest rate during the forecast period

The Automotive Labels Market is segmented on the basis of mechanism into pressure sensitive, glue-applied, heat transfer, in-mold, and others. In 2014, the pressure-sensitive mechanism accounted for the largest share in the mechanism segment and is projected to grow at a highest CAGR during the forecast period.

Asia-Pacific to play a key role in the market for automotive labels

On the basis of key regions, the market for automotive labels is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). The low labor costs, emerging economic conditions and excellent hold on the automotive have played a key role in the growth of the automotive labels in the Asia-Pacific region.

The global automotive labels market ecosystem comprises of automotive labels manufacturers, vendors and service providers such as CCL Industries, Inc. (Canada), H.B. Fuller (U.S.), Avery Dennison Corporation (U.S.), 3M (U.S.), UPM (Finland), and Sika AG (Switzerland). Others include companies such as ImageTek Labels (U.S.), Lewis Labels Products (U.S.), Dunmore (U.S.), and Adhesive Research, Inc. (U.S.).

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