Demand for Automotive Number Plate Market to Surge in the End-use Industry During the Forecast Period 2018 - 2028

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 An automotive number plate refers to the metal plate attached to a vehicle that provides information about the registration of the vehicle. These automotive number plates can be made from different materials including preprinted adhesive sheeting and aluminum sheets. Governments of different countries have their own departments which deal with the issuing, numbering and coloring of automotive number plates.

Moreover, in case of two wheelers, the size of such automotive number plates generally depends on the side of installation, i.e. whether the plate is installed on the front or the rear side of the vehicle. Furthermore, in most countries, weight information about owner, class of vehicle and use restrictions are communicated through the automotive number plates. The design of the automotive number plates depends on the standard thickness and size of the number plate mounting on the vehicle.

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Such automotive number plates are usually manufactured either through stamping, in which the numbers and characters are stamped on a metal plate or by the application of preprinted number sheets on the metal plate. The automotive number plate market will witness significant opportunities for growth during the forecast period.

FACTS AT A GLANCE

Companies: The 3M Company,Eskay Engineering Solutions,Bestplate Ltd.,System Plate Manufacture Ltd.,H. Tönnjes E.A.S.T GmbH & CO. KG,Jepson & Co Ltd.,Pentland Component Parts Ltd.,Hills Numberplates Ltd.,Gould Group,Burton Motor Factors Ltd.,KNIERIEM B.V.,Eakin Ltd.

Coverage: All major geographies and key segments

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Segments: Automotive Number Plate Market Segmented By Material such as Steel, Aluminum, Others with Vehicle Type such as PC, LCV, HCV and Electric Vehicles

Geographies: North America (U.S., Canada),Latin America (Mexico, Brazil, Argentina, Chile, Peru),Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe),CIS and Russia,Asia-Pacific (China, India, ASEAN, South Korea),Japan,Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

ABSTRACT-

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Sales of automotive number plates is directly dependent on the sales and production of automotive vehicles across the globe. The growth in the sales of automotive vehicles during the past years is expected to promote the growth of the automotive number plate market over the assessment period. Moreover, the fleet of automotive vehicles has also increased significantly in the past few years, owing to the increasing disposable income of the global population.

This is expected to further promote the growth of the automotive number plate market over the coming years. Moreover, as the government regulations become more stringent for the installation of number plates on the vehicles, the demand is expected to further increase in the coming years.

Specialized automotive number plates are gaining popularity in the market, with manufactures focusing on providing varied solutions to meet the growing demand from customers. Moreover, with the introduction of lightweight and aesthetically appealing automotive number plates, the demand for automotive number plates is expected to increase considerably to replace the existing automotive number plates.

Moreover, as the emphasis on e-mobility increases, the production and sales of electric vehicles is expected to increase in the coming years. This is expected to supplement the growth of the market in the coming years.

However, vehicle manufacturers are now offering vehicles that come with an already attached number plate, which may hamper the business prospects of the aftermarket manufacturers. Moreover, automotive number plates made of steel get easily rusted, owing to which their demand has seen a decline during the past few years.

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