Global License Plate Frame Market by Type (2 mounting holes, 4 mounting holes), By Application (OEMs, Aftermarket) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
The Global License Plate Frame Market size is expected to witness a CAGR of 5.1% from 2021 to 2028. The market was valued at USD 1.6 billion in 2018 and is projected to reach USD 2.3 billion by the end of 2028 with most shares attributed to the OEM segment due to their increasing demand for quality products that can meet international safety standards and regulations across various regions globally. The global market for license plate frames has been growing rapidly on account of their increasing demand in various countries. License plate frame manufacturers have come up with new designs and innovative features to cater to this high demand from consumers.
A License Plate Frame is a car accessory to hold license plates. It comes in many styles and shapes, depending on where it's being used. For example, if someone lives in an earthquake zone or hurricane area, the frame might be designed so that it can detach from the vehicle when shaken hard enough by strong winds or large tremors. Other frames are made of clear plastic with graphics printed on them; these often have sports logos for those who want their vehicles to show support for their favorite teams.
On the basis of Type, the market is segmented into Two Mounting Holes and Four Mounting Holes. The type segment is classified on the basis of mounting holes present in license plate frames for cars; it provides basic information about different types available with respect to their product category. A license plate frame with two mounting holes comes amply handy when a vehicle owner needs a replacement or if they want to attach an aftermarket device like a GPS receiver to their vehicle. However, this type of license plate frame is not suitable for vehicles that are manufactured in Japan or China because they have four mounting holes which can accommodate the Japanese-made license plates. The four mounting hole type is more popular in the market because it can be used for vehicles with powerful engines to hold license plates firmly on the car frame.
Two Mounting Holes:
This type of plate frame has two mounting holes. The frames are mounted on the bottom corners and affixed to the vehicle by screws that pass through these holes.
Four Mounting Holes:
License plate frames with four mounting holes are designed for automobiles. License plates in the United States usually have three mounting points, but some states require a fourth point to be added because it is easier to remove and replace the license plate without damaging other parts of the car or getting scratched by other objects. More economical frame designs also use this type of system which requires only one hole in each corner of an automobile's bumper instead of two on top and bottom. These types of frames do not allow for customization such as logos, text, or images that can go along with your vehicle's personality or needs.
On the basis of Application, the market is segmented into OEMs and Aftermarkets. The application segment provides information about different applications available in the global market with respect to the material used, end-user, and region. The industry research report includes various segments based on product materials; it mentions diverse types such as plastic and metal frames use for cars as well as motorcycles respectively. Besides these physical properties, other parameters like aftermarket device compatibility also influence the viability of a specific type within a particular application category. OEMs prefer plastic frames while aftermarket buyers opt for more durable products like steel.
OEM is the abbreviation for Original Equipment Manufacturer, which refers to a manufacturer that sells its products exclusively to purchasers who intend those products for resale or use in manufacturing other than production by the purchaser. Aftermarket is sub-segmented into non-OEMs which comprise a major share of this application due to its lower cost than OEM counterparts and repairers that require license plate frames as one among other replacement parts during vehicle repairs.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. In North America, the market is expected to lead in terms of revenue generation with a significant growth rate. On the other hand, Asia Pacific would be leading for the fastest-growing demand from 2021-2028.
In Europe, plastic frames are more commonly used while aftermarket buyers opt for more durable products like steel. Non-OEMs comprise a major share of this application due to its lower cost than OEM counterparts and repairers that require license plate frames as one among other replacement parts during vehicle repairs.
Up Market Research published a new report titled “License Plate Frame Market research report which is segmented by Types (2 mounting holes, 4 mounting holes), By Applications (OEMs, Aftermarket), By Players/Companies GTR Manufacturing Corp, Mitchell Marketing, Matrix Metalcraft, Recognition Express, Namify, Graphic Images”.
Report Scope
Report Attributes | Report Details |
Report Title | License Plate Frame Market Research Report |
By Type | 2 mounting holes, 4 mounting holes |
By Application | OEMs, Aftermarket |
By Companies | GTR Manufacturing Corp, Mitchell Marketing, Matrix Metalcraft, Recognition Express, Namify, Graphic Images |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 240 |
Number of Tables & Figures | 168 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
Global License Plate Frame Market Report Segments:
The market is segmented by Type 2 mounting holes, 4 mounting holes and By Application OEMs, Aftermarket.
Some of the companies that are profiled in this report are:
- GTR Manufacturing Corp
- Mitchell Marketing
- Matrix Metalcraft
- Recognition Express
- Namify
- Graphic Images
License Plate Frame Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the License Plate Frame Market
Overview of the regional outlook of the License Plate Frame Market:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
Highlights of The License Plate Frame Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of License Plate Frame Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
- By Type:
1. 2 mounting holes
2. 4 mounting holes
7. By Application:1. OEMs
2. Aftermarket
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the License Plate Frame Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
Reasons to Purchase the License Plate Frame Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 License Plate Frame Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 License Plate Frame Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 License Plate Frame Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the License Plate Frame Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global License Plate Frame Market Size & Forecast, 2018-2028
4.5.1 License Plate Frame Market Size and Y-o-Y Growth
4.5.2 License Plate Frame Market Absolute $ Opportunity
Chapter 5 Global License Plate Frame Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 License Plate Frame Market Size Forecast by Type
5.2.1 2 mounting holes
5.2.2 4 mounting holes
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global License Plate Frame Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 License Plate Frame Market Size Forecast by Applications
6.2.1 OEMs
6.2.2 Aftermarket
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global License Plate Frame Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 License Plate Frame Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America License Plate Frame Analysis and Forecast
9.1 Introduction
9.2 North America License Plate Frame Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America License Plate Frame Market Size Forecast by Type
9.6.1 2 mounting holes
9.6.2 4 mounting holes
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America License Plate Frame Market Size Forecast by Applications
9.10.1 OEMs
9.10.2 Aftermarket
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe License Plate Frame Analysis and Forecast
10.1 Introduction
10.2 Europe License Plate Frame Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe License Plate Frame Market Size Forecast by Type
10.6.1 2 mounting holes
10.6.2 4 mounting holes
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe License Plate Frame Market Size Forecast by Applications
10.10.1 OEMs
10.10.2 Aftermarket
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific License Plate Frame Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific License Plate Frame Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific License Plate Frame Market Size Forecast by Type
11.6.1 2 mounting holes
11.6.2 4 mounting holes
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific License Plate Frame Market Size Forecast by Applications
11.10.1 OEMs
11.10.2 Aftermarket
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America License Plate Frame Analysis and Forecast
12.1 Introduction
12.2 Latin America License Plate Frame Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America License Plate Frame Market Size Forecast by Type
12.6.1 2 mounting holes
12.6.2 4 mounting holes
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America License Plate Frame Market Size Forecast by Applications
12.10.1 OEMs
12.10.2 Aftermarket
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) License Plate Frame Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) License Plate Frame Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) License Plate Frame Market Size Forecast by Type
13.6.1 2 mounting holes
13.6.2 4 mounting holes
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) License Plate Frame Market Size Forecast by Applications
13.10.1 OEMs
13.10.2 Aftermarket
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 License Plate Frame Market: Competitive Dashboard
14.2 Global License Plate Frame Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GTR Manufacturing Corp
14.3.2 Mitchell Marketing
14.3.3 Matrix Metalcraft
14.3.4 Recognition Express
14.3.5 Namify
14.3.6 Graphic Images