XPEL Inc’s Revenue Breakdown Worldwide (2019-2023)
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This statistic highlights XPEL Inc’s Revenue Breakdown Worldwide, split across Asia Pacific, Canada, China, Latin America, Continental Europe, Middle East, Africa, UK, US and other countries.
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This statistic highlights XPEL Inc’s Revenue Breakdown Worldwide, split across Asia Pacific, Canada, China, Latin America, Continental Europe, Middle East, Africa, UK, US and other countries.
XPEL Inc’s Revenue Breakdown Worldwide
| Regions | Q3 2020 | Q2 2021 | Q3 2021 | Contribution in Q3 2021 |
| Asia Pacific | $2 | $3 | $2 | 3% |
| Canada | $6 | $9 | $9 | 13% |
| China | $9 | $13 | $10 | 14% |
| Continental Europe | $4 | $5 | $5 | 7% |
| Latin America | $0.6 | $1 | $0.9 | 1.31% |
| Middle East/Africa | $2 | $2 | $2 | 3% |
| UK | $1 | $2 | $2 | 3% |
| US | $23 | $34 | $38 | 55.54% |
| Other Countries | $0.01 | $0.09 | $0.1 | 0.15% |
| Total | $46.61 | $69.09 | $69 | 100% |
(All figures are in millions, except percentages)
XPEL Inc’s Revenue Breakdown Worldwide increases by YOY and QOQ basis. Earlier in Q3 2020 company holds a revenue of $46.61 million while in the next year Q3 2021 it rises to $69 million showing an increase of 47%. The company’s Latin America region shows revenue holding of 1.31%, Asia Pacific region stands f0r 3%, Canada region shows 13%, China region shows 14% revenue, Continental Europe stands for 7%, Latin America stands for 1.31%, the Middle East/Africa region stands for 3%, UK region stands for 3%, Other countries stands for 0.15%, and US region stands for 55.54% which is the largest revenue shareholdings in the year 2021.
Asia Pacific
The company shows immense up and down in revenue by region in the Asia Pacific region. Earlier in Q3 2020 company holds a total of $2 million, while in the year Q2 2021 it rises to $3 million. This shows there 50% rise in revenue in this segment of the company. While in the year Q3 2021 it falls immensely to $2 million, which shows the total growth decreases by 34%.
Canada
The company shows immense up and down in revenue by region in the Canada region. Earlier in Q3 2020 company holds a total of $6 million, while in the year Q2 2021 it rises to $9 million. This shows there 50% rise in revenue in this segment of the company. While in the year Q3 2021 it remains to $9 million.
Continental Europe
The company shows immense up and down in revenue by region in the Continental Europe region. Earlier in Q3 2020 company holds a total of $9 million, while in the year Q2 2021 it rises to $13 million. This shows there 45% rise in revenue in this segment of the company. While in the year Q3 2021 it falls immensely to $10 million, which shows the total growth decreases by 24%.
Latin America
The company’s revenue fluctuates dramatically by region in Latin America. Earlier in Q3 2020 company holds a total of $0.6 million, while in the year Q2 2021 it rises to $1 million. This shows there 67% rise in revenue in this segment of the company. While in the year Q3 2021 it falls immensely to $0.9 million, which shows the total growth decreases by 10%.
Middle East/Africa
The company shows immense up and down in revenue by region in the Middle East/Africa region. Earlier in Q3 2020, the company holds a total of $2 million, while in till 2021 it remains same at $2 million.
UK
The company shows immense up and down in revenue by region in the UK region. Earlier in Q3 2020 company holds a total of $1 million, while in the year Q2 2021 it rises to $2 million. This shows there 100% rise in revenue in this segment of the company. While in the year Q3 2021 it remains to $2 million.
US
The company shows immense up and down in revenue by region in the US region. Earlier in Q3 2020 company holds a total of $23 million, while in the year Q2 2021 it rises to $34 million. This shows there 48% rise in revenue in this segment of the company. While in the year Q3 2021 it rises immensely to $38 million, which shows the total growth increases by 12%.
Other Countries
The company shows immense up and down in revenue by region in the Other Countries region. Earlier in Q3 2020 company holds a total of $0.01 million, while in the year Q2 2021 it falls to $0.09 million. This shows there 800% decrease in revenue in this segment of the company. While in the year Q3 2021 it increases to $0.1 million, which shows a rise by 12%.
About The Company
Founded in 1997 and incorporated in Nevada in 2003, XPEL has evolved from an automotive product design software company to a global provider of aftermarket automotive products such as automotive surface and paint protection, automotive window films, and complementary proprietary software. In 2018, they expanded their product offerings to include architectural window film (both commercial and residential) and security film protection for commercial and residential uses, and in 2019 they further expanded their product line to include automotive ceramic coatings.
The launch of the Ultimate product catapulted the company into several years of strong revenue growth. In 2014, they began their international expansion by establishing an office in the United Kingdom. In 2015, they acquired Parasol Canada, a distributor of their products in Canada. In 2017, they established their European headquarters in The Netherlands and expanded their product offerings to include an automotive protective window film branded as Prime. They continued their international expansion in 2017 with the acquisition of Protex Canada Corp, a leading franchisor of automotive protective film franchises serving Canada, and opened their XPEL Mexico office.
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