The report [340 pages] "Automotive Labels Market by Type (Warning, Dome, Asset), Identification Technology (Barcode, RFID), Printing Technology (Flexography, Digital printing), Mechanism (Pressure-sensitive, Heat Transfer, In-mold), Raw Material (PVC & Others), Application & Region - Global Trends & Forecasts to 2020", published by MarketsandMarkets, The Market is projected to grow from USD 5.74 Billion in 2015 to USD 7.30 Billion by 2020, at an estimated CAGR of 4.93%.

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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.

https://www.prnewswire.com/news-releases/automotive-labels-market-worth-730-billion-usd-by-2020-571051551.html

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.

Companies such as CCL Industries, Inc. (Canada), Sika AG (Switzerland), Adhesive Research, Inc. (U.S.), ImageTek Labels (U.S.), Lewis Label Products (U.S.), Dunmore (U.S.), 3M (U.S.), UPM (Finland), Avery Denison Corporation (U.S.), and H.B. Fuller (U.S.) were the key players who adopted this strategy to increase the reach of their offerings, improve their production capacity, and establish focus on core operations.

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