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Automotive Sun Visor Market Size to Reach USD 19.9 Billion by 2032 growing at 5.5% CAGR - Exclusive Report by Acumen Research and Consulting

28 Oct 2024
ARC
Automotive And Transportation

The Automotive Sun Visor Market, valued at USD 12.4 Billion in 2023, is anticipated to surpass USD 19.9 Billion by 2032, reflecting a projected CAGR of 5.5%

The global automobile sun visor market has expanded significantly, driven by rising demand for improved automotive interiors and growing safety concerns. Automotive sun visors serve an important role in assuring driver and passenger comfort by minimizing glare from the sun, which improves visibility and driving safety. The increased preference for vehicles with enhanced comfort features, as well as technological developments in sun visor designs, is driving the industry forward. Furthermore, the growing popularity of luxury and electric automobiles is driving up demand for high-quality and customizable sun visors, contributing to the market's growth.

Automotive Sun Visor Market Statistics

The rise in vehicle production, particularly in emerging nations, and the growing use of electric vehicles (EVs) are boosting the automotive sun visor industry. Manufacturers are working on designing novel sun visors with modern features such as built-in mirrors, vanity lighting, and electrical components to appeal to consumers who value luxury and practicality in their vehicle interiors. However, the market faces several hurdles, including the high cost of these improved sun visors and the availability of low-cost aftermarket products. Nonetheless, the market offers numerous prospects for expansion due to increased urbanization, rising disposable incomes, and technological advancements that improve driver experience.

Automotive Sun Visor Market Statistics

  • In 2023, the global automotive sun visor market was valued at USD 12.4 billion
  • The market is expected to grow at a stable annual pace of 5.5% from 2024 to 2032
  • The Asia-Pacific region accounts for 45% of the automotive sun visor market
  • Asia-Pacific is increasing at a CAGR of 6.2% in the automotive sun visor market
  • The conventional sun visor product category delivers the highest income in the automotive sun visor market
  • Fabric surface material segment have significantly contributed to revenue growth in the automotive sun visor market
  • Rising adoption of smart technologies in vehicles opens opportunities for intelligent sun visors offers significant opportunity in the automotive sun visor market

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Automotive Sun Visor Market Dynamics

Increasing Safety Concerns and Consumer Preference Drive Automotive Sun Visor Market Growth

Rising awareness of driver and passenger safety is a major driver of the vehicle sun visor market. Sun visors minimize glare from sunlight or bright artificial lights, enhancing driver visibility, particularly during sunrise, sunset, and nighttime driving. Sun visors help to reduce the likelihood of accidents by eliminating distractions and visual discomfort, especially on long excursions or while driving on the highway.

Furthermore, there is a growing consumer preference for vehicles with improved interior comfort and convenience amenities. Sun visors, particularly those with integrated technology such as mirrors with lighting or sun visors that can be extended for increased coverage, meet this demand. As buyers prefer automobiles that offer both safety and luxury, the automotive sun visor industry is likely to grow further.

Technological Advancements in Sun Visor Design Fuel Automotive Sun Visor Market Growth

Automotive sun visor design innovations are having a significant impact on market growth. Manufacturers are designing sun visors with enhanced functions, such as integrated electrical components, to meet the needs of today's drivers. Lighted mirrors, extended sun visors, and sun visors with built-in electronics for regulating car systems are all becoming increasingly popular.

Another important innovation fueling market demand is the introduction of smart sun visors, which use innovative materials to modify transparency based on the intensity of sunshine. These visors, which can automatically vary their opacity or tint, provide better comfort for drivers by blocking harmful UV rays and preventing glare, further improving the driving experience.

Automated Vehicle Growth Creates New Opportunities

The growing production of electrified and self-driving vehicles presents potential for the automotive sun visor market. These automobiles, which frequently include elegant interiors and cutting-edge technology, require sun visors that complement their modern designs. Customizable, electronic, or smart sun visors are rapidly being integrated into the interiors of these vehicles, contributing to the growing demand for new sun visor solutions.

Automotive Sun Visor Market Segmentation

The worldwide automotive sun visor market is divides into 5 segments: product type, surface material, application, sales channel, and regional markets

  • Product Type: conventional sun visor, and LCD sun visor
  • Surface Material: vinyl, fabric, and others
  • Application: passenger vehicle, commercial vehicle, and electric vehicle
  • Sales Channel: Original Equipment Manufacturer (OEM), and replacement
  • Regional: the Middle East & Africa, Latin America, Asia-Pacific, North America,  and Europe

Automotive Sun Visor Market Regional Outlook

The Asia-Pacific region is predicted to lead the global automotive sun visor market, owing to its thriving automotive sector, particularly in China, India, and Japan. The region is home to a high number of automobile manufacturers and suppliers, which drives up demand for automotive components such as sun visors. The rapid pace of urbanization, population increase, and rising disposable incomes are driving car sales, adding to the demand for high-quality sun visors.

In addition to passenger vehicles, the region is seeing an increase in electric vehicle production, especially in China, where the government is actively encouraging EV use. The increased emphasis on energy-efficient and technologically advanced automobiles is driving up demand for premium automotive interiors, such as customizable sun visors with integrated functions.

Automotive Sun Visor Market Players

Automotive sun visor companies profiled in the report include Grupo Antolin, GUMOTEX, KASAI KOGYO CO., LTD., FOMPAK, Atlas Holdings, HOWA TEXTILE INDUSTRY CO., LTD., Benecke-Kaliko AG, BRACE, GRIOS sro, and Irvin Automotive Products, Inc.

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