Latest
industry research report on: Global Anti-counterfeit Automobile
Packaging Market | Industry Size, Share, Research, Reviews, Analysis,
Strategies, Demand, Growth, Segmentation, Parameters, Forecasts
Counterfeiting or forging is a
worldwide phenomenon which not only affects the growth of industries
but also affects the end-users of their products. Companies are
becoming progressively conscious of the potential negative effects of
counterfeit parts in their supply chain, which affect the sales
revenue of the company. Besides, since the quality of the counterfeit
product does not match with that of the original product, it also
affects the brand image of the company. The forged components are so
well developed that they are undetectable in normal conditions and
thereby find application in critical areas, such as in automobile
spare parts and maintenance. The usage of such components results in
poor product quality and thus increases consumer safety concerns,
which leads to the deterioration of the brand image of the concerned
company.
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Counterfeiting
affects the company’s gross revenue and results in immense long
term damage to its credibility in the market. In the automobile and
aerospace industries, the costs incurred due to usage of forged and
counterfeit parts are estimated to be in multi-millions.
The
anti-counterfeit automobile packaging technology has emerged as an
efficient solution for detecting counterfeit products globally. The
automobile industry is severely affected by counterfeit products as
they are easily available in the local market. The Motor &
Equipment Manufacturers Association (MEMA) conducted a survey in 2013
regarding the losses suffered by the global automobile industry due
to counterfeiting. The results of the survey estimated losses close
to US$ 12 Bn, which obviously is a significant amount.
Due
to the severe increment in counterfeit products in the automobile
industry, the anti-counterfeit automobile packaging market is
expected to witness noteworthy growth over the forecast period.
The
global anti-counterfeit automobile packaging market is projected to
become a multi-billion industry, growing significantly over the
forecast period of 2016-2024. Innovative technologies are coming into
market for tracking and authentication of the original products,
which are easy as well as very efficient in functioning. Their
increasing adoption in the market, in turn, is propelling the demand
for anti-counterfeit automobile packaging globally. Use of product
level RFID technologies is one of the most significant factors
expected to drive the growth of the overall anti-counterfeit
automobile packaging market.
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Rising consciousness among
consumers about the forged or counterfeit products and
anti-counterfeit technologies is also affecting the market
positively. Increasing government regulations and efforts taken in
order to eliminate the usage of counterfeit products in the
automobile industry is also increasingly driving the companies to
invest in advanced anti-counterfeit technologies. The synergistic
approach of industrial players, along with various government
organizations, is expected to provide a platform for the growth and
development of the global anti-counterfeit automobile packaging
market over the forecast period.
Apart from the above beneficial
properties, there are several others factors restraining growth of
the market for anti-counterfeit automobile packaging. Among these,
high costs of anti-counterfeit setups and their impact on the product
distribution system are the major factors expected to restrain growth
of the anti-counterfeit automobile packaging market over the forecast
period.
The global anti-counterfeit
automobile packaging market is segmented on the basis of technology
and regions. On the basis of technology, the market is segmented into
authentication technology and track and trace packaging technology.
The authentication technology segment is further sub-segmented into
ink & dyes, holograms, watermarks, and taggants. On the other
hand, the track and trace packaging technology segment is
sub-segmented into barcode technology and RFID technology.
On the basis of geography, the
global anti-counterfeit automobile packaging market is segmented into
seven main regions, namely North America, Latin America, Western
Europe, Eastern Europe, Asia Pacific excluding Japan, the Middle East
& Africa, and Japan. Currently, North America accounts for the
largest share of the global anti-counterfeit automobile packaging
market, followed by the Europe market. The Asia-Pacific
anti-counterfeit automobile packaging market is also expected to
expand at a significant growth rate over the forecast period.
Some of the key players in the
global anti-counterfeit automobile packaging market are FUJIFILM
Holdings America Corporation, Alien Technology Corp., AlpVision,
Avery Dennison Corp., Datamax-O'Neil (Honeywell), Giesecke &
Devrient (G&D), and IAI Industrial Systems
This research report analyzes
this market on the basis of its market segments, major geographies,
and current market trends. Geographies analyzed under this research
report include
North America
Asia Pacific
Europe
Middle East and Africa
Latin America
This report provides
comprehensive analysis of
Market growth drivers
Factors limiting market
growth
Current market trends
Market structure
Market projections for
upcoming years
This report is a complete study
of current trends in the market, industry growth drivers, and
restraints. It provides market projections for the coming years. It
includes analysis of recent developments in technology, Porter’s
five force model analysis and detailed profiles of top industry
players. The report also includes a review of micro and macro factors
essential for the existing market players and new entrants along with
detailed value chain analysis.
Reasons for Buying this
Report
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pin-point analysis for changing competitive dynamics
It provides a forward
looking perspective on different factors driving or restraining
market growth
It provides a six-year
forecast assessed on the basis of how the market is predicted to grow
It helps in understanding
the key product segments and their future
It provides pin point
analysis of changing competition dynamics and keeps you ahead of
competitors
It helps in making informed
business decisions by having complete insights of market and by
making in-depth analysis of market segments
It provides distinctive
graphics and exemplified SWOT analysis of major market segments
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