Automotive Sun Visor Market Size was valued at USD 8.86 billion in 2022 and is expected to reach USD 12.12 billion by 2030 and grow at a CAGR of 4% over the forecast period 2023-2030.
An automotive sun visor can double as a sunroof in vehicles and is often installed on the leading edge of the roof panel inside the passenger compartment of the vehicle. The sun visor is protected from the interior of the car by a separate auxiliary glass or an extended piece of the windshield glass. This leaves the body of the sun visor open to the passenger compartment. By shielding the driver and passenger from the sun's glare, the sun visor serves an important role in ensuring the safety of drivers and passengers. Direct sunlight can damage the vehicle's audio system if it isn't kept out of the vehicle's cabin at all times.
Mirrors and lights are sometimes placed into sun visors to make them more eye-catching.
Since an excessive amount of heat can be harmful to the audio system in the vehicle, the sun visor blocks direct sunlight to help keep the interior of the vehicle at a more comfortable temperature. As a consequence of this, it helps improve the longevity of the electronics in the car. Sun visors are now an essential component of today's vehicles, and their addition improves the way the interior of the vehicle looks in general. The automotive sun visor market is likely going to be driven in the coming years by the expansion of the popular a la mode sun visors, and the anticipated expansion in vehicle production across the globe, which can be inferred from the rapid urbanization that is occurring, and the ascent in the purchasing power of buyers.
KEY DRIVERS:
Governments are encouraging the use of electric vehicles as a means of reducing greenhouse gas emissions.
Rise in response to an increase in the manufacturing of electric vehicles.
The demand for vehicle sun visors is expected to rise due to an increase in demand for passenger safety.
RESTRAINTS:
The high cost of raw materials and the sun visor itself is a barriers to market development.
Key to the market's restraints is the complex nature of the system itself.
OPPORTUNITIES:
Electric car demand is increasing over the world, which could lead to market expansion.
Rapid urbanization.
The rise in consumer spending power.
CHALLENGES:
The growth is projected to be challenged by technological advancements in the vehicle's smart glass.
Lack of regular procedures for automobile sun visor creation.
Even before the pandemic, the automotive industry was having difficulties in several nations. However, as a result of the lockdown, the market's supply and demand have virtually disappeared. Each country's automotive sales are predicted to be affected by the coronavirus. The sun visor market for automobiles is also projected to be impacted by this. In several markets, the supply chain has been completely wiped out by the virus, and it is expected to take some time for the supply chain to fully recover. When the global economy inevitably recovers, the virus may compel corporations to speed their investment in factory automation, although this is expected to take some time. Workers throughout the world have been sent home as a result of the virus, which has shut down facilities around the world. It has revealed that human employees have not been widely displaced with advanced factory automation.
The global market has been divided into conventional types, and LCD sun visors based on the type segment. It is anticipated that the conventional market category will continue to have the majority share of the automobile sun visor market throughout the period covered by the research. The LCD sun visor is becoming increasingly popular among customers because, in addition to its primary function, it also offers an additional function that enables passengers to play DVDs while they are inside the vehicle. This double-duty functionality has contributed to the product's rising demand.
Market, By Material Type:
The global market has been divided into fabric, vinyl, and others based on the material type segment. The vinyl material segment currently holds the largest share of the sun visor market. Vinyl is a considerably more cost-effective option than fiber for many applications. With its use in high-end automobiles, the fabric sun visor category is predicted to keep its second-largest share of the market in terms of revenue.
Market, By Vehicle type:
The global market has been divided into passenger cars and commercial vehicles based on the vehicle type segment. The passenger cars category currently holds the largest share of the sun visor market. Because of the ongoing growth in the market for passenger vehicles around the world, there is a good chance that demand for sun visors will expand over the course of the projected period.
By Type:
Conventional Type
LCD Sun Visor
By Material Type:
Fabric
Vinyl
Others
By Vehicle Type:
Passenger cars
Commercial vehicles
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The global market for vehicle sun visors has been segmented into the following regions: North America, Europe, Asia Pacific, the Middle East, and Africa, and Latin America. As a result of the presence of significant automotive industries in China, Japan, India, and South Korea, the Asia Pacific region now holds the largest share of the global market for car sun visors. It is anticipated that the Asia Pacific region will occupy a proportion of the worldwide market that is greater than 50 percent. It is projected that the increase in vehicle production across the area will boost the market for automotive sun visors during the period covered by the projection. The automotive sun visor market in China is likely to be driven throughout the forecast period by a growth in the production and sales of electric vehicles, particularly in China. It is projected that the growing popularity of electric vehicles in Europe would lead to an increase in the number of sun visors used in the automotive sector. During the time of the forecast, the market for sun visors in North America is anticipated to be driven by factors including an increase in the number of light cars and severe safety requirements.
REGIONAL COVERAGE:
North America
The USA
Canada
Mexico
Europe
Germany
The UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Irvin Automotive Products, Inc (US), GRIOS S.R.O (Czech Republic), Grupo Antolin (Spain), GUMOTEX (Chez Republic), OTOTRIM Sanayi, Atlas Holding (US), KASAI KOGYO CO., LTD. (Japan), HOWA TEXTILE INDUSTRY CO., LTD. (Japan), Ticaret A.Ş. Panel (Turkey), FOMPAK (Turkey), and KB Foam Inc. (US) are some of the affluent competitors with significant market share in the Automotive Sun Visor Market.
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 8.86 Billion |
| Market Size by 2030 | US$ 12.12 Billion |
| CAGR | CAGR of 4% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Type (Conventional Type, LCD Sun Visor) • by Material Type (Fabric, Vinyl, Others) • by Vehicle Type (Passenger cars, Commercial vehicles) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Irvin Automotive Products, Inc (US), GRIOS S.R.O (Czech Republic), Grupo Antolin (Spain), GUMOTEX (Chez Republic), OTOTRIM Sanayi, Atlas Holding (US), KASAI KOGYO CO., LTD. (Japan), HOWA TEXTILE INDUSTRY CO., LTD. (Japan), Ticaret A.Ş. Panel (Turkey), FOMPAK (Turkey), and KB Foam Inc. (US) |
| Key Drivers | •Governments are encouraging the use of electric vehicles as a means of reducing greenhouse gas emissions. •Rise in response to an increase in the manufacturing of electric vehicles. |
| RESTRAINTS | •The high cost of raw materials and the sun visor itself is a barriers to market development. •Key to the market's restraints is the complex nature of the system itself. |
Ans:- The market forecast period is 2021-2028 according to the study report.
Ans:- The vinyl material segment is anticipated to show the highest growth in demand.
Ans:- Increase in the manufacturing of electric vehicles and an increase in demand for passenger safety are the primary market drivers for Automotive Sun Visor Market.
Ans:- Yes.
Ans:- The study includes a comprehensive analysis of market trends, as well as present and future market forecasts. DROC analysis, as well as impact analysis for the projected period. Porter’s five forces analysis aids in the study of buyer and supplier potential as well as the competitive landscape etc.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Automotive Sun Visor Market Segmentation, By Type
8.1 Conventional Type
8.2 LCD Sun Visor
9. Global Automotive Sun Visor Market Segmentation, By Material Type
9.1 Fabric
9.2 Vinyl
9.3 Others
10. Global Automotive Sun Visor Market Segmentation, By Vehicle Type
10.1 Passenger cars
10.2 Commercial vehicles
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 the USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 the UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Grupo Antolin (Spain),
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Irvin Automotive Products, Inc (US)
12.3 GRIOS S.R.O (Czech Republic)
12.4 GUMOTEX (Chez Republic)
12.5 OTOTRIM Sanayi
12.6 Atlas Holding (US)
12.7 KASAI KOGYO CO., LTD. (Japan)
12.8 HOWA TEXTILE INDUSTRY CO., LTD. (Japan)
12.9 Ticaret A.Ş. Panel (Turkey)
12.10 FOMPAK (Turkey)
12.11 KB Foam Inc. (US)
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
14. Conclusion
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