Vehicle Registration Plate Market Report 2025 (Global Edition)

Global Vehicle Registration Plate Market Report 2025 Market Size Split by Material type (Aluminum Plates, Plastic Plates, Steel, Other Materials), by Product type Outlook: (Standard Registration Plate...

Vehicle Registration Plate Market Report Description

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Vehicle Registration Plate Market Insights Video

Competitive Landscape of the Vehicle Registration Plate Market

The competitive forces of the vehicle registration plate market are established on both the dominant players and emerging companies with a focus on innovation and technology. Product innovation includes investments in research and development to increase the strength and readability as well as security of registration plates. Regional manufacturers are also gaining ground by offering customized solutions that comply with local regulations and accommodate local preferences. The market is already hitting stiff competition resulting from the growing demand for smart license plates that make use of digital technologies including GPS tracking and QR codes; hence, in this regard, the rivalry in the market keeps on growing.

In November 2022, ReviverMx Inc. announced the debut of its digital license plate system, which enables personalized messaging and real-time updates. This unique approach improves vehicle identification and adds services like registration renewal reminders, making it much more convenient for car owners. (Source: https://reviver.com/press-release/reviver-announces-official-launch-of-digital-license-plate-sales-in-michigan-now-available-to-vehicle-owners/?srsltid=AfmBOoqwrZanrjcXCVWcUEfYj1pfwzGXCh9CkYXz5cpqMiw-4tHStgU3) In February 2022, Erich Utsch AG created a new series of reflective license plates made from innovative materials for improved visibility and durability. This work intends to improve road safety by ensuring that registration plates are easily visible in a variety of lighting circumstances while meeting severe regulatory standards. (Source: https://www.utsch.com/en/home/) In February 2022, Godawari Techno Solution Pvt. Ltd. revealed a new smart license plate system that includes RFID technology for better tracking and security. This technology is intended to help law enforcement authorities identify vehicles and prevent theft, in line with the increased emphasis on road safety and security. (Source: https://www.godawarigroup.com/)

Top Companies Market Share in Vehicle Registration Plate Industry: (In no particular order of Rank)

• Asahi Kasei Corp.
• EHA Hoffmann International GmBH
• Erich Utsch AG
• Fuwong License Plate
• GibPlates
• Godawari Techno Solution Pvt. Ltd.
• Hills Numberplates Ltd.
• Jepson and Co. Ltd.
• LC Security Equipment Co. Ltd.
• Muschard Schildertechnik
• ORBIZ
• ReviverMx Inc.
• Rosmerta Technologies Ltd
• SPM Systems Sp. Zo.o. Sp. k.
• The Waldale Irwin Hodson Group
• TONNJES E.A.S.T. INFRASTRUKTUR INVEST GmbH
• UTAL Sp. z o.o
• Yarya Sekur
• Bestplate Ltd
• Confidential Data
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Vehicle Registration Plate Market

Which Region Dominates the Vehicle Registration Plate Market in 2024?

According to Cognitive Market Research, North America is the largest due to its high ownership rate of vehicles and current set-ups of regulatory frameworks. The smart and digital plates help enhance the security and tracking of vehicles within the region, with an emphasis on integrated technology. Infrastructure investments are also strong and diversified with a versatile automotive sector, supporting consistent and sustained growth and leadership.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to gain the most during the forecasted period, having the highest compound annual growth rate in the Vehicle Registration Plates market. Factors behind this growth include rapid urbanization and the hike in vehicle ownership. There is also the improvement of transportation infrastructure from the side of the government in this region. The prime focus of this region on advanced technologies increases the demand for advanced registration solutions.

The current report Scope analyzes Vehicle Registration Plate Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Vehicle Registration Plate

According to Cognitive Market Research, the global Vehicle Registration Plate market size was estimated at USD 556.9 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 222.76 million in 2024 and will grow at a compound annual growth rate (CAGR) of 1.7% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Vehicle Registration Plate market with a market size of USD 175.76 million in 2024 and is projected to grow at a CAGR of 1.5 % during the forecast period. The U.S. market's high vehicle ownership and diverse automotive sectors.
• The Canada Vehicle Registration Plate market had a market share of USD 26.73 million in 2024 and is projected to grow at a CAGR of 2.5% during the forecast period. Canada’s adoption of advanced technologies
• The Mexico Vehicle Registration Plate market is projected to witness growth at a CAGR of 2.2% during the forecast period, with a market size of USD 20.27 million in 2024.

Europe Vehicle Registration Plate

According to Cognitive Market Research, the global Vehicle Registration Plate market size was estimated at USD 556.9 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 167.07 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.0% from 2024 to 2031.

• The United Kingdom Vehicle Registration Plate market had a market share of USD 28.07 million in 2024 and is projected to grow at a CAGR of 2.8% during the forecast period. In the UK, Vehicle Registration Plate sales witness an upswing due to the increasing number of vehicle registrations
• The France Vehicle Registration Plate market is projected to witness growth at a CAGR of 1.2% during the forecast period, with a market size of USD 15.37 million in 2024.
• According to Cognitive Market Research, the German Vehicle Registration Plate market size was valued at USD 33.08 million in 2024 and is projected to grow at a CAGR of 2.2% during the forecast period. In Germany, Vehicle Registration Plate surged due to the growing emphasis on personalized plates
• The Italy Vehicle Registration Plate market is projected to witness growth at a CAGR of 1.4% during the forecast period, with a market size of USD 14.37 million in 2024.
• The Russian vehicle Registration Plate market is projected to witness growth at a CAGR of 1.0% during the forecast period, with a market size of USD 25.90 million in 2024.
• The Spain Vehicle Registration Plate market is projected to witness growth at a CAGR of 1.1% during the forecast period with a market size of USD 13.70 million in 2024
• The Luxembourg Vehicle Registration Plate market is projected to witness growth at a CAGR of 2.1% during the forecast period, with a market size of USD 5.18 million in 2024.
• The Portugal Vehicle Registration Plate market is projected to witness growth at a CAGR of 1.8% during the forecast period, with a market size of USD 3.51 million in 2024.
• The Greece Vehicle Registration Plate market is projected to witness growth at a CAGR of 2.3% during the forecast period, with a market size of USD 2.00 million in 2024.
• The Rest of Europe's Vehicle Registration Plate market is projected to witness growth at a CAGR of 0.7% during the forecast period, with a market size of USD 25.90 million in 2024.

Asia Pacific Vehicle Registration Plate

According to Cognitive Market Research, the global Vehicle Registration Plate market size was estimated at USD 556.9 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 128.09 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031.

• According to Cognitive Market Research, the China Vehicle Registration Plate market size was valued at USD 57.64 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. Vehicle Registration Plates surged in China due to a rapid increase in vehicle ownership.
• The Japan Vehicle Registration Plate market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD 17.68 million in 2024.
• The India Vehicle Registration Plate market had a market share of USD 15.37 million in 2024 and is projected to grow at a CAGR of 7.3% during the forecast period. India's increasing number of vehicle registrations.
• The South Korean Vehicle Registration Plate market is projected to witness growth at a CAGR of 4.6% during the forecast period, with a market size of USD 12.81 million in 2024.
• The Australian Vehicle Registration Plate market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 6.66 million in 2024.
• The South East Asia Vehicle Registration Plate market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 8.84 million in 2024.
• The Rest of Asia Pacific Vehicle Registration Plate market is projected to witness growth at a CAGR of 5.3% during the forecast period, with a market size of USD 9.09 million in 2024.

South America Vehicle Registration Plate

According to Cognitive Market Research, the global Vehicle Registration Plate market size was estimated at USD 556.9 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 27.85 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.9% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Vehicle Registration Plate market size was valued at USD 11.92 million in 2024 and is projected to grow at a CAGR of 3.5% during the forecast period. Vehicle Registration Plates flourished in Brazil due to advanced technologies.
• Argentina's Vehicle Registration Plate market had a market share of USD 4.68 million in 2024 and is projected to grow at a CAGR of 3.8% during the forecast period. Argentina's rising personal disposable income .
• Colombia Vehicle Registration Plate market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 2.48 million in 2024.
• Peru Vehicle Registration Plate market is projected to witness growth at a CAGR of 3.1% during the forecast period, with a market size of USD 2.28 million in 2024.
• Chile Vehicle Registration Plate market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 2.00 million in 2024.
• The Rest of Latin America's Vehicle Registration Plate market is projected to witness growth at a CAGR of 2.0% during the forecast period, with a market size of USD 4.48 million in 2024.

Middle East Vehicle Registration Plate

According to Cognitive Market Research, the global Vehicle Registration Plate market size was estimated at USD 556.9 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 11.14 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031..

• The GCC Countries Vehicle Registration Plate market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD 4.77 million in 2024. Vehicle Registration Plate sales flourish due to the growing emphasis on personalized plates.
• The Egypt Vehicle Registration Plate market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD 1.17 million in 2024.
• The South Africa Vehicle Registration Plate market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 1.76 million in 2024. Vehicle Registration Plate sales flourished in South Africa due to the rise of online platforms for purchasing and customizing plates.
• The Turkey Vehicle Registration Plate market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 0.96 million in 2024.
• The Nigeria Vehicle Registration Plate market is projected to witness growth at a CAGR of 2.3% during the forecast period, with a market size of USD 1.17 million in 2024.
• The Rest of the MEA Vehicle Registration Plate market is projected to witness growth at a CAGR of 2.2% during the forecast period, with a market size of USD 1.31 million in 2024.

Vehicle Registration Plate Market Analysis

Vehicle Registration Plate Market Material type Segment Analysis

According to Cognitive Market Research, Aluminium is dominating the market of Vehicle Registration Plates. This is because these are capable of high strength and lightweight and do not easily get damaged by corrosion in environmental conditions. Such plates are also more visible than most and can easily be made into reflective components for road safety improvements.

The growth is relatively fast in the category of plastic plates. It mainly happens due to the advancement in the manufacturing technologies and increasing demand for lightweight yet cheaper solutions. Plastic plates grab attention from the very end because they can be manufactured in various colors as well as designs. There are also flexibilities and resistance towards damages that let the usage rate pop up in the market

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Vehicle Registration Plate Industry. Request a Free Sample PDF!

Vehicle Registration Plate Market Product type Segment Analysis

According to Cognitive Market Research, Standard registration plates make up the largest share of the Vehicle Registration Plate market. This is basically because most places require them for vehicle identification and thus every moving vehicle needs them. The standard plate is widely manufactured and available for distribution, creating steady demand.

The customized registration plates segment is highly growing. This is through the peoples' desire for self-identity and the uniqueness of identifying their vehicles. Customized plates give an avenue for various vehicle owners to express their personhood through specific designs, colors, and alphanumeric combinations. With a growing need to stand out, increased demand for customized plates leads to innovation and expansion in the market

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Vehicle Registration Plate Technology Outlook: Segment Analysis

Vehicle Registration Plate Market Technology Segment Analysis

According to Cognitive Market Research, Traditional plates are the type with the highest market share in the Vehicle Registration Plate market. This is because, for many years, they have been the most standard. This is owing to their simplicity and cost-effectiveness while also fulfilling all legal requirements. Traditional plates are made from materials such as aluminum and plastic and are durable as well as broadly accepted.

The fastest-growing would be smart plates. echnologies such as digital displays and RFID technology are advancing this area and gaining acceptance. Smart plates are now offering up-to-date information, tracking vehicles, and security enhancements to an increasingly interested public and authorities. Hence, this is expected to grow at a rapid rate in the coming years as technology evolves further and more people realize the benefits of smart plates.

• Traditional Plates
• Smart Plates

Vehicle Registration Plate Vehicle type Outlook: Segment Analysis

Vehicle Registration Plate Market Vehicle type Segment Analysis

According to Cognitive Market Research, Passenger vehicles are the largest segment in the Vehicle Registration Plate market. The reason for this is the sheer number of passenger vehicles on the roads. In most regions, passenger vehicles make up the biggest group of vehicle owners. The high demand for registration plates in this segment is due to massive new vehicle registrations every year\

The two-wheelers category is the emerging new fast segment. More acceptance of motorcycles and scooters is adding a fuel factor to this growth, mostly in cities where such transport vehicles are easy to use and save fuel costs. In that context, with more people opting for two-wheelers due to their ease of handling against congested traffic, the registration plate demand for the segment is likely to witness tremendous growth.

• Passenger Vehicles
• Commercial Vehicles
• Two-Wheelers
• Heavy-Duty Vehicles

Vehicle Registration Plate End-Use Outlook: Segment Analysis

Vehicle Registration Plate Market End-Use Segment Analysis

According to Cognitive Market Research, Government use still is the dominating segment in the Vehicle Registration Plate market because governmental cars like police and fire cars require a large number of registration plates. Demand in governmental use is stable, which implies there will be a stable flow of orders for the plates.

commercial is the fastest-growing use, due to an increase in the number of commercial vehicles like delivery trucks and service vehicles as more e-commerce and logistics companies grow. Companies invest in their fleets, thus necessitating more registration plates that comply with regulations and branding needs. In this respect, vehicle registration plates are in high demand in the commercial segment, whose market is continually expanding.

• Governmental Use
• Private Use
• Commercial Use

Vehicle Registration Plate Production Process Segment Analysis

• Injection Molding
• Stamping
• Screen Printing
• Digital Printing

Author's Detail

Sneha Mali

Research Analyst at Cognitive Market Research

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I am a research analyst working in the Transport & Logistics domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.

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