​The report"Automotive Labels Marketby 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", The market for automotive labels 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%. The market for automotive labels is growing due to increasing demand in the packaging and automotive industries as well as the rising demand for eco-friendly labels production techniques. However, varying environmental mandates across regions can act as a restraint to the growth of the automotive labels market.

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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.

The automotive labels market is segmented on the basis of type, raw material, identification technology, printing technology, mechanism, 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 barcode identification technology segment accounted for the largest share of the market, in terms of both, volume and value, among all identification technologies. The mechanism segment was dominated by the pressure-sensitive mechanism.

In terms of application, the market is segmented into exterior labels, interior labels, engine components, and others. The exterior labels segment is projected to grow at the highest rate, during the review period. In terms of printing technology, the market is classified as flexography, screen printing, digital printing, offset, and others. The flexography printing technology is projected to be the market leader during the review period. The automotive labels market is segmented on the basis of material into polyvinyl chloride (PVC), polypropylene (PP), polyethylene terephthalate (PET), polyethylene (PE), acrylonitrile butadiene styrene (ABS), polyurethane (PU), polycarbonate (PC), and others.

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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