Frost Radar™: Automotive Coatings, 2023
Published on: 15-Jun-2023 | SKU: CM02036-GL-MR_27772

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Automotive coatings are fundamental to protecting vehicles from harsh environmental elements and enhancing their longevity and maintenance; however, coatings are now playing a significant role in enhancing vehicles’ aesthetic appeal.

In the last few years, demand for automotive coatings has risen. To strengthen their core offerings, automotive coating manufacturers have started developing products and technologies that address the key industry megatrends that are heavily impacting the automotive industry, namely demand for sustainable products and operations, digital transformation, electric vehicles, and autonomous vehicles.

This Frost Radar™ analysis offers a perspective on global market trends and an assessment of 18 leading providers of automotive coatings. Frost & Sullivan analyzed and benchmarked these manufacturers primarily based on their automotive coating solutions, including their presence in the OEM and refinish segments, and their performance across 10 Growth and Innovation criteria to reveal their position on the Frost Radar™. This publication presents competitive profiles of each company considering their strengths and the opportunities that best fit those strengths.

Automotive Coatings 2023

  • Automotive Coatings

Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform

Growth Index

Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.

  • Market Share (previous 3 years)
    This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years.
  • Revenue Growth (previous 3 years)
    This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™.
  • Growth Pipeline
    This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities.
  • Vision and Strategy
    This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision?
  • Sales and Marketing
    This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.

Innovation Index

Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.

  • INNOVATION SCALABILITY
    This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals.
  • RESEARCH AND DEVELOPMENT
    This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline.
  • PRODUCT PORTFOLIO
    This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue.
  • MEGATRENDS LEVERAGE
    This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline.
  • CUSTOMER ALIGNMENT
    This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.

Significance of Being on the Frost Radar™

Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.

  • GROWTH POTENTIAL
    Your organization has significant future growth potential, which makes it a Company to Action.
  • BEST PRACTICES
    Your organization is well positioned to shape Growth Pipeline™ best practices in your industry.
  • COMPETITIVE INTENSITY
    Your organization is one of the key drivers of competitive intensity in the growth environment.
  • CUSTOMER VALUE
    Your organization has demonstrated the ability to significantly enhance its customer value proposition.
  • PARTNER POTENTIAL
    Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.

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  • Growth Opportunities
  • Best Practices
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Impacting your company's future growth potential.

Automotive coatings are fundamental to protecting vehicles from harsh environmental elements and enhancing their longevity and maintenance; however, coatings are now playing a significant role in enhancing vehicles’ aesthetic appeal. In the last few years, demand for automotive coatings has risen. To strengthen their core offerings, automotive coating manufacturers have started developing products and technologies that address the key industry megatrends that are heavily impacting the automotive industry, namely demand for sustainable products and operations, digital transformation, electric vehicles, and autonomous vehicles. This Frost Radar™ analysis offers a perspective on global market trends and an assessment of 18 leading providers of automotive coatings. Frost & Sullivan analyzed and benchmarked these manufacturers primarily based on their automotive coating solutions, including their presence in the OEM and refinish segments, and their performance across 10 Growth and Innovation criteria to reveal their position on the Frost Radar™. This publication presents competitive profiles of each company considering their strengths and the opportunities that best fit those strengths.
More Information
Deliverable Type Frost Radar
Author Ganesh Jayant Dabholkar
Industries Chemicals and Materials
No Index No
Is Prebook No
Keyword 1 Automotive Industry
Keyword 2 Automotive Coatings
Keyword 3 Coating Automotive
Podcast No
WIP Number PE7F-01-00-00-00

Frost Radar™: Automotive Coatings, 2023

Chemicals and MaterialsFrost Radar™: Automotive Coatings, 2023

A Benchmarking System to Spark Companies to Action - Innovation that Fuels New Deal Flow and Growth Pipelines

RELEASE DATE
15-Jun-2023
REGION
Global
Deliverable Type
Frost Radar
Research Code: PE7F-01-00-00-00
SKU: CM02036-GL-MR_27772
AvailableYesPDF Download
$4,950.00
In stock
SKU
CM02036-GL-MR_27772