The global automotive sun visor market size is expected to reach around US$ 10,700 Mn by 2027 and growing at a CAGR of around 4% in terms of revenue during the forecast period 2020 – 2027.
Automotive sun visor is a component installed in the interior of vehicle just above the windshield. These are designed to protect the eyes of drivers and passengers from sunlight with a hinged flap that is adjustable. Automotive sun visor are of two types one is fixed and extendable sun visor with or without mirror. The sunvisor is made up of a variety of parts, including a mirror plate, electric cords, screws and padding.
The major factor bolster the growth of market and is expected to grow during forecast period is due to increasing demand for automotive sun visor among consumers to block the sunlight and also to maintain the temperature in the vehicle. Furthermore, rising adoption of varieties of automotive sun visor with application such as passenger vehicle, commercial vehicle and electric vehicle is expected to fuel the growth of market. Also increasing advancement in technology is driving the growth of automotive sun visor market. However, the high cost of automotive sun visor in the vehicle can hamper to some extent, and is likely to curb the growth of global automotive sun visor market.
The automotive sun visor market is categorized as passenger, commercial and electric vehicle in terms of application. Owing to continuous increase in demand for passenger vehicles in the globe, demand for automotive sun visor is likely to be increased throughout the forecast period. Stable economic condition in developed countries, decrease in bank interest rates and rapid urbanization are expected to increase the demand of passenger vehicle. The adoption of electric vehicle is driving government policies in the sector of green transport to reduce emissions of pollution around the globe. Rises in electric vehicle production are expected to fuel automotive sun visor demand during the forecast period.
The market research study on “Automotive Sun Visor Market (By Product Type: Conventional Sun Visor, LCD Sun Visor; By Surface Material: Vinyl Fabrics, Others; By Placement Type: OEM, Replacement; By Application: Passenger Vehicle, Commercial Vehicle, Electric Vehicle) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers detailed insights on the global automotive sun visor market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report provides insights on global automotive sun visor market are product type, placement type, surface type, application, and major geographic regions. The automotive sun visor market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.
Asia Pacific hold the largest share of the market and is expected to dominant the global automotive sun visor market due to presence of automotive companies in India, Japan, China and South Korea. Asia Pacific is expected to hold more than 50% share of the global market. The region growth in automotive demand is expected to fuel the automotive sun visor market during the projected period. The automotive sun visor market in the region is expected to drive the market during forecast period due to rise in production and sales of electric vehicles, especially in China. Electric vehicle trends are likely to expand the use of sun visors in the automobile market in Europe. The automotive sun visor market in North America is expected to fuel the forecast period with rising numbers of light vehicles and strict safety norms.
Major players included in this report Gumotex, Irvin Automotive Products, Inc.GRIOS sro, Grupo Antolin, KASAI KOGYO CO., LTD., FOMPAK, Atlas Holdings, BURSA OTOTRIM PANEL KÖBO GmbH & Co KG, KB Foam Inc. and others.
The global automotive sun visor market is segmented as below:
Automotive Sun Visor Market By Product Type
Automotive Sun Visor Market By Surface Material
Automotive Sun Visor Market By Placement Type
Automotive Sun Visor Market By Application
Automotive Sun Visor Market By Geography
Middle East & Africa
Rising in demand for stylish sun visors, consistent increase in vehicle production across the world, owing to rapid urbanization, and increase in purchasing power of consumers are likely to drive the automotive sun visor market during the forecast period.
According to Acumen Research and Consulting, the automotive sun visor market value is anticipated to be worth around US$ 10 billion in 2026.
The automotive sun visor market is anticipated to grow over 3.2% CAGR during the forecast period 2019 to 2026.
Asia Pacific is anticipated to hold more than 50% share of the global market.
Some of the major players analyzed and profiles in this market include Irvin Automotive Products, Inc., GUMOTEX, BRACE, GRIOS sro, Grupo Antolin, Atlas Holdings., KASAI KOGYO CO., LTD., and HOWA TEXTILE INDUSTRY CO., LTD.
The automotive sun visoris segmented by surface material, sales channel, vehicle type, and type.
Aftermarket and OEM are the sales channels of the automotive sun visor market.