Automotive Sun Visor Market Overview:
An automotive sun visor is used as a sunroof in vehicles located in the front portion of the roof panel inside the vehicle cabin. The sun visor is closed by a separate auxiliary glass or an extending portion of windshield glass, where the sun visor body is exposed to the vehicle cabin. An automotive sun visor provides various advantages such as heat absorption and helps to protect the vision of drivers and passengers from the glare of sunlight and electronic equipment in the vehicle, thereby maintain the interior temperature of the vehicle. The modern passenger car has one sun visor for driver and one for the passenger. Automotive Sun Visor Market Size To Expand at a Notable CAGR Of 4.3% During 2019 – 2023
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The prominent players in the global automotive sun visor include Irvin Automotive Products, Inc (US), GUMOTEX (Chez Republic), GRIOS s.r.o. (Czech Republic), Grupo Antolin (Spain), Atlas Holding (US), KASAI KOGYO CO., LTD. (Japan), HOWA TEXTILE INDUSTRY CO., LTD. (Japan), OTOTRIM Sanayi ve Ticaret A.Ş. Panel (Turkey), FOMPAK (Turkey), and KB Foam Inc. (US).
The factors driving the growth of this market are growing sales and production of vehicles across the globe, increasing traffic flow, and growing demand for vehicle and driver safety. The lack of standard protocols for the development of automotive sun visors and complex design of the system are considered as key restraining factors of this market. However, growing demand for electric vehicles across the globe, improving the economy of emerging nations are providing opportunities for the growth of the automotive sector, in turn, driving this market.
The global automotive sun visor market is projected to witness significant growth during the study period. The rising number of manufacturers who are integrating simple and economical visor components to protect against dazzle in vehicles, the growing focus by consumers and automotive OEMs on vehicle and driver safety are playing a key role in the growth of this market.
Automotive Sun Visor Market Segmentation:
The global Automotive Sun Visor Market is segmented on the basis of type, material, vehicle type, propulsion, and region.
On the basis of type, the market has been segmented into LCD and Conventional sun visor.
On the basis of material, the market has been segmented into vinyl, fabric, and others.
On the basis of vehicle type, the market has been segmented into passenger car and commercial vehicle.
On the basis of propulsion, the market has been segmented into ICE and electric vehicle.
On the basis of sales channel, the market has been segmented into OEM and Aftermarket.
In terms of region, the global market for the automotive sun visor is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific region is estimated to hold the largest market share during the forecast period owing to growing production of automobiles in China, India, Korea, and Japan. Moreover, growing population, and rising purchasing power of people are expected to play a key role in the growth of the automotive sun visor market in this region.
Europe is estimated to grow at a significant rate in automotive sun visor market during forecast period owing to the growing trend of electric vehicles, stringent regulations regarding passenger and driver safety and increasing number of light vehicles across the Europen Union.
Table Of Contents
1. Executive Summary
2. Scope Of The Report
2.1. Market Definition
2.2. Scope Of The Study
2.2.2. Research Objective
2.3. Research Process
2.3.1. Primary Research
2.3.2. Secondary Research
2.4. Market Size Estimation
2.5. Forecast Model
3. Market Landscape
3.1. Porter’s Five Forces Analysis
3.1.1. Threat Of New Entrants
3.1.2. Bargaining Power Of Buyers
3.1.3. Threat of Substitutes
3.1.4. Segment Rivalry
3.1.5. Bargaining Power of Buyers
3.2. Value Chain/Supply Chain Analysis
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