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License Plate Frame Market Outlook – 2027
The license plate frame provides protection to the car's number plate. In addition, the frame protects car number plates with any kind of damage, is easy to use, easy to fix, and is made of high-quality plastic.
Moreover, use of plastic cover can prevent laser radar detectors from using the license plate as a reflective source, forcing the officer to use taillights, as they are much harder to hit and not nearly as useful since they always emit light. The license plate frames are not typically standard equipment on a vehicle, but they are a pretty standard accessory. Therefore, millions of cars and trucks on the road have some kind of license plate frames. Therefore, growing automobile industry is expected to further drive the growth of the license plate frame market during the forecast period.
scope and structure analysis:
Report Metric | Details |
Market size available for years | 2020–2027 |
Base year considered | 2019 |
Forecast period | 2021–2027 |
Forecast units | Value (USD) |
Segments covered | Type and application |
Regions covered | North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Russia, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), LAMEA (Latin America, the Middle East, and Africa) |
Companies covered | 3M, Amphenol, Bel, Belden Wire & Cable, Bulgin, ERNI Electronics, Essentra, Fluke, Glenair, and Moles |
COVID-19 scenario analysis:
Top impacting factors: market scenario analysis, trends, drivers and impact analysis
Some of the factors that boost the market growth include rise in urban population and high demographic rates, rapid motorization, increase in number of road fatalities/accidents, and government initiatives for enhancing road safety. However, lack of standardized and uniform technologies is anticipated to hamper the growth of the market. Furthermore, designing and developing connected vehicles compatible with its public-private partnership ecosystem and open data movement are expected to offer lucrative opportunities for the market during the forecast period.
The license plate frame market trends are as follows:
Rise in urban population
As half of the world’s population now lives in urban areas increasingly in highly dense cities. However, urban settings are a relatively new phenomenon in human history. This transition has transformed the way we live, work, travel, and build networks. The growing urban population across the globe in many developed cities has created a huge market and the demand as well which forced manufacturers to innovate & manufacture the automotive industry. Therefore, increase in urbanization over the globe is expected to boost the growth of the automotive industry, which further drive the growth of the license plate frame market during the forecast period.
An increase in number of road fatalities/accidents
The road accident severity measured has drastically increased by the number of people killed per accidents. Hence, the severity of road accidents has attracted the attention of the ministry of road transport and highways of every developed and developing economies across the globe. The government initiatives for enhancing license plate visibility are expected to boost the growth of the road license plate frame market during the forecasting period.
Key segments covered:
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Key benefits of the report:
Questions answered in the license plate frame market research report:
Key Market Segments
Key Market Players