The Automotive Sun Visor Market size was valued at USD 2.73 billion in 2023 and is expected to reach USD 3.97 billion by 2031 and grow at a CAGR of 4.8% over the forecast period 2024-2031.
The sun visor plays a vital part in upgrading a car's interior and guaranteeing a secure and comfortable driving experience. It is located just above the windshield and shields the driver and co-driver from the sun's glare. This improves visibility significantly, reducing squinting and potential hazards caused by obstructed vision. Beyond safety, sun visors also contribute to maintaining a pleasant cabin temperature. By blocking direct sunlight from entering the vehicle, they help keep the interior cooler, reducing the reliance on air conditioning. The design of sun visors is constantly evolving. Manufacturers are prioritizing lightweight construction using recycled materials, making them more eco-friendly. Modern sun visors often incorporate features like vanity mirrors and storage compartments, adding to their functionality and contributing to the overall aesthetics of the vehicle's interior. As car manufacturers focus on improving driver comfort and safety, investments in sun visor research and development are likely to increase, leading to even more innovative and efficient designs.
.png)
KEY DRIVERS:
Rising Vehicle Production Fuels Growth in Automotive Sun Visor Market
Stricter Safety Regulations Driving Demand for High-Quality Sun Visors
Stricter safety regulations are driving the sun visor market. Governments are demanding better sun visors to combat sun glare, a major cause of accidents. This forces carmakers to equip vehicles with high-quality sun visors that effectively block sunlight and improve driver visibility, ultimately making roads safer.
RESTRAINTS:
Bulky designs can restrict side visibility, creating potential blind spots.
Basic materials and functionality may not meet the evolving needs of drivers and car manufacturers.
OPPORTUNITIES:
Advanced sun visors with integrated UV protection and auto-dimming features can cater to rising safety concerns.
Incorporating solar panels into sun visors could create a unique selling point for eco-conscious car buyers.
CHALLENGES:
Blending sun visor design with safety and aesthetics is a problem for the auto industry.
Blending sun visors with modern car interiors is a design problem. Today's drivers demand a cohesive look, but integrating these visors seamlessly requires balancing aesthetics with functionality and safety. Close collaboration between designers and engineers is crucial to ensure sun visors complement the car's style without compromising their ability to block glare and protect drivers.
Sun Visor Innovation Needed to Adapt to Advanced Vehicle Technologies
The war in Russia-Ukraine could lead the cause to the automotive sun visor market, disrupting the supply chain by an estimated 15-20%. The Russia and Ukraine are significant players in the steel and aluminium industry, key raw materials for sun visor frames. The war has restricted access to these materials, driving up prices by an estimated 10-15%. The conflict has disrupted established transportation routes, causing delays and increasing logistics costs by up to 20%. This compress on supplies and rising costs puts pressure on sun visor manufacturers, potentially leading to production slowdowns and price hikes for consumers. The full extent of the war's impact remains to be seen, but it is undeniable that it has created a challenging environment for the automotive sun visor market in the near future.
An economic downturn can disrupt the growth of the automotive sun visor market, potentially by 15-20%. This is primarily because sun visors are considered a non-essential component. When consumer spending are lower, car purchases are often delayed or scaled back to more basic models. Reduced production of vehicles due to lower sales can lead to a surplus of sun visors, putting pressure on prices and potentially impacting manufacturer profits. Economic hardship may force manufacturers to cut corners on material quality or research & development, potentially hindering innovation in the sun visor market. Replacement sun visors might see a slight uptick in demand as consumers look for cost-effective ways to maintain their existing vehicles. The market for premium sun visors with advanced features like integrated lighting or UV protection might be less affected, as these cater to a more niche segment with potentially stronger spending power.
By Component Type
Conventional Sun Visor
LCD Sun Visor
Conventional Sun Visor is the dominating sub-segment in the Automotive Sun Visor Market by component type holding about 60% of market share. Conventional sun visors remain the market leader due to their low cost, ease of use, and robust design. They are simple to install, require minimal maintenance, and effectively block sunlight. This makes them a budget-friendly and practical choice for most car manufacturers and consumers.
By Material Type
Fabric
Vinyl
Others
Fabric is the dominating sub-segment in the Automotive Sun Visor Market by material type exceeding about 70% market share. Fabric is the most widely used materials in sun visors due to their affordability, durability, and ease of maintenance. Fabric offers breathability and a comfortable feel and the availability of these materials in various colours and textures allows for some level of customization within the conventional sun visor segment.
By Vehicle Type
Passenger Cars
Commercial cars
Passenger Cars is the dominating sub-segment in the Automotive Sun Visor Market by vehicle type holding about more than 70% of market share. Passenger cars account for the largest share of the sun visor market. This is driven by the higher production volume of passenger cars compared to commercial vehicles. Additionally, consumers in the passenger car segment often place a greater emphasis on comfort and aesthetics, which can influence the choice of sun visors with features like vanity mirrors or improved materials.
.png)
The Asia Pacific is the dominating region in the Automotive Sun Visor Market which holds over 50% of market share. The high volume of vehicle manufacturing directly translates to a strong demand for sun visors. The growing middle class in these countries is fueling demand for personal vehicles, further propelling the sun visor market.
Europe is the second-highest region with 20-25% of market share which has a well-established automotive industry with a focus on luxury and premium vehicles. This creates a market for advanced sun visors with features like vanity mirrors and improved materials. Stringent safety regulations in Europe mandate effective sun glare reduction, further driving sun visor adoption.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The major key players are GRIOS SRO, akciova spolecnost, KASAI KOGYO Co Ltd, KABO, Grupo Antolin, Atlas Industries Holdings, GUMOTEX, Howa CO Ltd, Irvin Automotive, FOMPAK and other key players.
In March 2024 - Facing a major industry shift in electric vehicles, Japanese automotive competitors Nissan and Honda are exploring a strategic partnership. This collaboration aims to leverage their combined strengths and resources in EV technology to navigate the "once-in-a-century" transformation occurring in the automotive sector.
| Report Attributes | Details |
| Market Size in 2023 | US$ 2.73 Billon |
| Market Size by 2031 | US$ 3.97 Billon |
| CAGR | CAGR of 4.8 % From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Component Type (Conventional Sun Visor, LCD Sun Visor), • By Material Type (Fabric, Vinyl, Others), • By Vehicle Type (Passenger Cars, Commercial cars), |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | GRIOS SRO, akciova spolecnost, KASAI KOGYO Co Ltd, KABO, Grupo Antolin, Atlas Industries Holdings, GUMOTEX, Howa CO Ltd, Irvin Automotive, FOMPAK |
| Key Drivers | • Rising Vehicle Production Fuels Growth in Automotive Sun Visor Market • Stricter Safety Regulations Driving Demand for High-Quality Sun Visors |
| Market Restraints | • Bulky designs can restrict side visibility, creating potential blind spots. • Basic materials and functionality may not meet the evolving needs of drivers and car manufacturers. |
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. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. Automotive Sun Visor Market Segmentation, By Component Type
9.1 Introduction
9.2 Trend Analysis
9.3 Conventional Sun Visor
9.4 LCD Sun Visor
10. Automotive Sun Visor Market Segmentation, By Material Type
10.1 Introduction
10.2 Trend Analysis
10.3 Fabric
10.4 Vinyl
10.5 Others
11. Automotive Sun Visor Market Segmentation, By Vehicle Type
11.1 Introduction
11.2 Trend Analysis
11.3 Passenger Cars
11.4 Commercial cars
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 Trend Analysis
12.2.2 North America Automotive Sun Visor Market Segmentation, By Country
12.2.3 North America Automotive Sun Visor Market Segmentation, By Component Type
12.2.4 North America Automotive Sun Visor Market Segmentation, By Material Type
12.2.5 North America Automotive Sun Visor Market Segmentation, By Vehicle Type
12.2.6 USA
12.2.6.1 USA Automotive Sun Visor Market Segmentation, By Component Type
12.2.6.2 USA Automotive Sun Visor Market Segmentation, By Material Type
12.2.6.3 USA Automotive Sun Visor Market Segmentation, By Vehicle Type
12.2.7 Canada
12.2.7.1 Canada Automotive Sun Visor Market Segmentation, By Component Type
12.2.7.2 Canada Automotive Sun Visor Market Segmentation, By Material Type
12.2.7.3 Canada Automotive Sun Visor Market Segmentation, By Vehicle Type
12.2.8 Mexico
12.2.8.1 Mexico Automotive Sun Visor Market Segmentation, By Component Type
12.2.8.2 Mexico Automotive Sun Visor Market Segmentation, By Material Type
12.2.8.3 Mexico Automotive Sun Visor Market Segmentation, By Vehicle Type
12.3 Europe
12.3.1 Trend Analysis
12.3.2 Eastern Europe
12.3.2.1 Eastern Europe Automotive Sun Visor Market Segmentation, by Country
12.3.2.2 Eastern Europe Automotive Sun Visor Market Segmentation, By Component Type
12.3.2.3 Eastern Europe Automotive Sun Visor Market Segmentation, By Material Type
12.3.2.4 Eastern Europe Automotive Sun Visor Market Segmentation, By Vehicle Type
12.3.2.5 Poland
12.3.2.5.1 Poland Automotive Sun Visor Market Segmentation, By Component Type
12.3.2.5.2 Poland Automotive Sun Visor Market Segmentation, By Material Type
12.3.2.5.3 Poland Automotive Sun Visor Market Segmentation, By Vehicle Type
12.3.2.6 Romania
12.3.2.6.1 Romania Automotive Sun Visor Market Segmentation, By Component Type
12.3.2.6.2 Romania Automotive Sun Visor Market Segmentation, By Material Type
12.3.2.6.4 Romania Automotive Sun Visor Market Segmentation, By Vehicle Type
12.3.2.7 Hungary
12.3.2.7.1 Hungary Automotive Sun Visor Market Segmentation, By Component Type
12.3.2.7.2 Hungary Automotive Sun Visor Market Segmentation, By Material Type
12.3.2.7.3 Hungary Automotive Sun Visor Market Segmentation, By Vehicle Type
12.3.2.8 Turkey
12.3.2.8.1 Turkey Automotive Sun Visor Market Segmentation, By Component Type
12.3.2.8.2 Turkey Automotive Sun Visor Market Segmentation, By Material Type
12.3.2.8.3 Turkey Automotive Sun Visor Market Segmentation, By Vehicle Type
12.3.2.9 Rest of Eastern Europe
12.3.2.9.1 Rest of Eastern Europe Automotive Sun Visor Market Segmentation, By Component Type
12.3.2.9.2 Rest of Eastern Europe Automotive Sun Visor Market Segmentation, By Material Type
12.3.2.9.3 Rest of Eastern Europe Automotive Sun Visor Market Segmentation, By Vehicle Type
12.3.3 Western Europe
12.3.3.1 Western Europe Automotive Sun Visor Market Segmentation, by Country
12.3.3.2 Western Europe Automotive Sun Visor Market Segmentation, By Component Type
12.3.3.3 Western Europe Automotive Sun Visor Market Segmentation, By Material Type
12.3.3.4 Western Europe Automotive Sun Visor Market Segmentation, By Vehicle Type
12.3.3.5 Germany
12.3.3.5.1 Germany Automotive Sun Visor Market Segmentation, By Component Type
12.3.3.5.2 Germany Automotive Sun Visor Market Segmentation, By Material Type
12.3.3.5.3 Germany Automotive Sun Visor Market Segmentation, By Vehicle Type
12.3.3.6 France
12.3.3.6.1 France Automotive Sun Visor Market Segmentation, By Component Type
12.3.3.6.2 France Automotive Sun Visor Market Segmentation, By Material Type
12.3.3.6.3 France Automotive Sun Visor Market Segmentation, By Vehicle Type
12.3.3.7 UK
12.3.3.7.1 UK Automotive Sun Visor Market Segmentation, By Component Type
12.3.3.7.2 UK Automotive Sun Visor Market Segmentation, By Material Type
12.3.3.7.3 UK Automotive Sun Visor Market Segmentation, By Vehicle Type
12.3.3.8 Italy
12.3.3.8.1 Italy Automotive Sun Visor Market Segmentation, By Component Type
12.3.3.8.2 Italy Automotive Sun Visor Market Segmentation, By Material Type
12.3.3.8.3 Italy Automotive Sun Visor Market Segmentation, By Vehicle Type
12.3.3.9 Spain
12.3.3.9.1 Spain Automotive Sun Visor Market Segmentation, By Component Type
12.3.3.9.2 Spain Automotive Sun Visor Market Segmentation, By Material Type
12.3.3.9.3 Spain Automotive Sun Visor Market Segmentation, By Vehicle Type
12.3.3.10 Netherlands
12.3.3.10.1 Netherlands Automotive Sun Visor Market Segmentation, By Component Type
12.3.3.10.2 Netherlands Automotive Sun Visor Market Segmentation, By Material Type
12.3.3.10.3 Netherlands Automotive Sun Visor Market Segmentation, By Vehicle Type
12.3.3.11 Switzerland
12.3.3.11.1 Switzerland Automotive Sun Visor Market Segmentation, By Component Type
12.3.3.11.2 Switzerland Automotive Sun Visor Market Segmentation, By Material Type
12.3.3.11.3 Switzerland Automotive Sun Visor Market Segmentation, By Vehicle Type
12.3.3.1.12 Austria
12.3.3.12.1 Austria Automotive Sun Visor Market Segmentation, By Component Type
12.3.3.12.2 Austria Automotive Sun Visor Market Segmentation, By Material Type
12.3.3.12.3 Austria Automotive Sun Visor Market Segmentation, By Vehicle Type
12.3.3.13 Rest of Western Europe
12.3.3.13.1 Rest of Western Europe Automotive Sun Visor Market Segmentation, By Component Type
12.3.3.13.2 Rest of Western Europe Automotive Sun Visor Market Segmentation, By Material Type
12.3.3.13.3 Rest of Western Europe Automotive Sun Visor Market Segmentation, By Vehicle Type
12.4 Asia-Pacific
12.4.1 Trend Analysis
12.4.2 Asia-Pacific Automotive Sun Visor Market Segmentation, by Country
12.4.3 Asia-Pacific Automotive Sun Visor Market Segmentation, By Component Type
12.4.4 Asia-Pacific Automotive Sun Visor Market Segmentation, By Material Type
12.4.5 Asia-Pacific Automotive Sun Visor Market Segmentation, By Vehicle Type
12.4.6 China
12.4.6.1 China Automotive Sun Visor Market Segmentation, By Component Type
12.4.6.2 China Automotive Sun Visor Market Segmentation, By Material Type
12.4.6.3 China Automotive Sun Visor Market Segmentation, By Vehicle Type
12.4.7 India
12.4.7.1 India Automotive Sun Visor Market Segmentation, By Component Type
12.4.7.2 India Automotive Sun Visor Market Segmentation, By Material Type
12.4.7.3 India Automotive Sun Visor Market Segmentation, By Vehicle Type
12.4.8 Japan
12.4.8.1 Japan Automotive Sun Visor Market Segmentation, By Component Type
12.4.8.2 Japan Automotive Sun Visor Market Segmentation, By Material Type
12.4.8.3 Japan Automotive Sun Visor Market Segmentation, By Vehicle Type
12.4.9 South Korea
12.4.9.1 South Korea Automotive Sun Visor Market Segmentation, By Component Type
12.4.9.2 South Korea Automotive Sun Visor Market Segmentation, By Material Type
12.4.9.3 South Korea Automotive Sun Visor Market Segmentation, By Vehicle Type
12.4.10 Vietnam
12.4.10.1 Vietnam Automotive Sun Visor Market Segmentation, By Component Type
12.4.10.2 Vietnam Automotive Sun Visor Market Segmentation, By Material Type
12.4.10.3 Vietnam Automotive Sun Visor Market Segmentation, By Vehicle Type
12.4.11 Singapore
12.4.11.1 Singapore Automotive Sun Visor Market Segmentation, By Component Type
12.4.11.2 Singapore Automotive Sun Visor Market Segmentation, By Material Type
12.4.11.3 Singapore Automotive Sun Visor Market Segmentation, By Vehicle Type
12.4.12 Australia
12.4.12.1 Australia Automotive Sun Visor Market Segmentation, By Component Type
12.4.12.2 Australia Automotive Sun Visor Market Segmentation, By Material Type
12.4.12.3 Australia Automotive Sun Visor Market Segmentation, By Vehicle Type
12.4.13 Rest of Asia-Pacific
12.4.13.1 Rest of Asia-Pacific Automotive Sun Visor Market Segmentation, By Component Type
12.4.13.2 Rest of Asia-Pacific Automotive Sun Visor Market Segmentation, By Material Type
12.4.13.3 Rest of Asia-Pacific Automotive Sun Visor Market Segmentation, By Vehicle Type
12.5 Middle East & Africa
12.5.1 Trend Analysis
12.5.2 Middle East
12.5.2.1 Middle East Automotive Sun Visor Market Segmentation, by Country
12.5.2.2 Middle East Automotive Sun Visor Market Segmentation, By Component Type
12.5.2.3 Middle East Automotive Sun Visor Market Segmentation, By Material Type
12.5.2.4 Middle East Automotive Sun Visor Market Segmentation, By Vehicle Type
12.5.2.5 UAE
12.5.2.5.1 UAE Automotive Sun Visor Market Segmentation, By Component Type
12.5.2.5.2 UAE Automotive Sun Visor Market Segmentation, By Material Type
12.5.2.5.3 UAE Automotive Sun Visor Market Segmentation, By Vehicle Type
12.5.2.6 Egypt
12.5.2.6.1 Egypt Automotive Sun Visor Market Segmentation, By Component Type
12.5.2.6.2 Egypt Automotive Sun Visor Market Segmentation, By Material Type
12.5.2.6.3 Egypt Automotive Sun Visor Market Segmentation, By Vehicle Type
12.5.2.7 Saudi Arabia
12.5.2.7.1 Saudi Arabia Automotive Sun Visor Market Segmentation, By Component Type
12.5.2.7.2 Saudi Arabia Automotive Sun Visor Market Segmentation, By Material Type
12.5.2.7.3 Saudi Arabia Automotive Sun Visor Market Segmentation, By Vehicle Type
12.5.2.8 Qatar
12.5.2.8.1 Qatar Automotive Sun Visor Market Segmentation, By Component Type
12.5.2.8.2 Qatar Automotive Sun Visor Market Segmentation, By Material Type
12.5.2.8.3 Qatar Automotive Sun Visor Market Segmentation, By Vehicle Type
12.5.2.9 Rest of Middle East
12.5.2.9.1 Rest of Middle East Automotive Sun Visor Market Segmentation, By Component Type
12.5.2.9.2 Rest of Middle East Automotive Sun Visor Market Segmentation, By Material Type
12.5.2.9.3 Rest of Middle East Automotive Sun Visor Market Segmentation, By Vehicle Type
12.5.3 Africa
12.5.3.1 Africa Automotive Sun Visor Market Segmentation, by Country
12.5.3.2 Africa Automotive Sun Visor Market Segmentation, By Component Type
12.5.3.3 Africa Automotive Sun Visor Market Segmentation, By Material Type
12.5.3.4 Africa Automotive Sun Visor Market Segmentation, By Vehicle Type
12.5.3.5 Nigeria
12.5.3.5.1 Nigeria Automotive Sun Visor Market Segmentation, By Component Type
12.5.3.5.2 Nigeria Automotive Sun Visor Market Segmentation, By Material Type
12.5.3.5.3 Nigeria Automotive Sun Visor Market Segmentation, By Vehicle Type
12.5.3.6 South Africa
12.5.3.6.1 South Africa Automotive Sun Visor Market Segmentation, By Component Type
12.5.3.6.2 South Africa Automotive Sun Visor Market Segmentation, By Material Type
12.5.3.6.3 South Africa Automotive Sun Visor Market Segmentation, By Vehicle Type
12.5.3.7 Rest of Africa
12.5.3.7.1 Rest of Africa Automotive Sun Visor Market Segmentation, By Component Type
12.5.3.7.2 Rest of Africa Automotive Sun Visor Market Segmentation, By Material Type
12.5.3.7.3 Rest of Africa Automotive Sun Visor Market Segmentation, By Vehicle Type
12.6 Latin America
12.6.1 Trend Analysis
12.6.2 Latin America Automotive Sun Visor Market Segmentation, by country
12.6.3 Latin America Automotive Sun Visor Market Segmentation, By Component Type
12.6.4 Latin America Automotive Sun Visor Market Segmentation, By Material Type
12.6.5 Latin America Automotive Sun Visor Market Segmentation, By Vehicle Type
12.6.6 Brazil
12.6.6.1 Brazil Automotive Sun Visor Market Segmentation, By Component Type
12.6.6.2 Brazil Automotive Sun Visor Market Segmentation, By Material Type
12.6.6.3 Brazil Automotive Sun Visor Market Segmentation, By Vehicle Type
12.6.7 Argentina
12.6.7.1 Argentina Automotive Sun Visor Market Segmentation, By Component Type
12.6.7.2 Argentina Automotive Sun Visor Market Segmentation, By Material Type
12.6.7.3 Argentina Automotive Sun Visor Market Segmentation, By Vehicle Type
12.6.8 Colombia
12.6.8.1 Colombia Automotive Sun Visor Market Segmentation, By Component Type
12.6.8.2 Colombia Automotive Sun Visor Market Segmentation, By Material Type
12.6.8.3 Colombia Automotive Sun Visor Market Segmentation, By Vehicle Type
12.6.9 Rest of Latin America
12.6.9.1 Rest of Latin America Automotive Sun Visor Market Segmentation, By Component Type
12.6.9.2 Rest of Latin America Automotive Sun Visor Market Segmentation, By Material Type
12.6.9.3 Rest of Latin America Automotive Sun Visor Market Segmentation, By Vehicle Type
13. Company Profiles
13.1 Goodyear Tire & Rubber Co (USA)
13.1.1 Company Overview
13.1.2 Financial
13.1.3 Products/ Services Offered
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 NEXEN TIRE Corporation (Korea)
13.2.1 Company Overview
13.2.2 Financial
13.2.3 Products/ Services Offered
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 Continental AG (Germany)
13.3.1 Company Overview
13.3.2 Financial
13.3.3 Products/ Services Offered
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Michelin Group (France)
13.4.1 Company Overview
13.4.2 Financial
13.4.3 Products/ Services Offered
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Bridgestone Corporation (Japan)
13.5.1 Company Overview
13.5.2 Financial
13.5.3 Products/ Services Offered
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Sumitomo Rubber Industries, Ltd. (Japan)
13.6.1 Company Overview
13.6.2 Financial
13.6.3 Products/ Services Offered
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Pirelli & C. S.p.A. (Italy)
13.7.1 Company Overview
13.7.2 Financial
13.7.3 Products/ Services Offered
13.7.4 SWOT Analysis
13.7.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions
15. Use Case and Best Practices
16. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Automotive Interior Materials Market size was valued at USD 50.14 billion in 2023 and is expected to reach USD 63.51 billion by 2031 and grow at a CAGR of 3.01% over the forecast period 2024-2031.
Car Rental Market Size was valued at USD 130.45 billion in 2023 and is expected to reach USD 311.63 billion by 2031 and grow at a CAGR of 11.5% over the forecast period 2024-2031.
The Used Car Market Size was valued at USD 1.67 trillion in 2023 and is expected to reach USD 2.70 trillion by 2031 and grow at a CAGR of 6.2% over the forecast period 2024-2031.
Automotive Oil Filter Market size was recorded at USD 72.6 Bn in 2022 and is expected to reach USD 102.05 Bn by 2030 and grow at a GAGR of 3.9% over the forecast period of 2023-2030.
The locomotive Market size was valued at USD 22.45 billion in 2023 and is expected to reach at USD 44.73 billion by 2031 and grow at a CAGR of 9% over the forecast period of 2024-2031.
The Smart Railways Market is estimated to reach USD 52.04 Bn by 2030 and was valued at USD 27.9 Bn in 2022 and is expected to grow at a CAGR of 8.1% over the forecast period of 2023-2030.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
