Automotive Sun Visor Market Outlook 2031
The global automotive sun visor market size was valued at USD 2013.11 Million in 2022 and is projected to reach at USD 3122.99 Million by 2031, expanding at a CAGR of around 5% during the forecast period, 2023-2031. The market growth is attributed to the increasing demand for sun visor, as it blocks the sunlight and maintains the temperature in the car.
A sun visor is a component of an automotive that shields or protects the driver and front passenger from direct sun light while driving the vehicle. The sun visor is an adjustable flap, positioned just beyond the windshield. After loosening one of the hinges, the damper can move up, down, or sideways.
The main part of the sun visor is the flap. It prevents sunlight from directly entering the driver's eyes while driving a vehicle. The flap is held on by hinges connected to the roof of the vehicle. Modern sun visors have some extra features other than protecting from direct sunlight such as they contain mirrors and lights inside them. Other sun visors have extension cords to provide extra sun protection for the eyes.
Automotive Sun Visor Market Trends, Dynamics, Restraints, and Opportunities
- Demand for sun visor is increasing, as it blocks the sun light.
- Factors such as increasing urbanization, changing lifestyle, and rising disposable income are driving the market.
- Increasing investments and advancements in technology are expected to fuel the automotive sun visor market during the forecast period.
- Rising sales and production of vehicles and increasing traffic flow are propelling the market.
- Growing demand for vehicles and rising emphasis on driver safety are fueling the market.
- High cost associated with automotive sun visor is expected to hinder the market during the forecast period.
- Complex design of the system is restraining the market.
- Technological advancements in smart glass are restraining the market.
- Lack of skilled labor and engineers hamper the market.
- Increasing production of electric vehicles is creating various opportunities for the players.
Scope of Automotive Sun Visor Market Report
The report on the global automotive sun visor market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Automotive Sun Visor Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Component Types (LCD Sun Visor and Conventional Type), Material Types (Fabric, Vinyl, and Others), Sales Channels (OEMs and Aftermarket), Vehicle Types (Commercial Vehicle, Passenger Vehicle, and Electric Vehicle)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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A PISTON GROUP COMPANY, GUMOTEX, Grios s.r.o., Grupo Antolin, KASAI KOGYO CO., LTD., OTOTRIM PANEL SANAY? VE T?CARET A.?., FOMPAK, KB Foam Inc., and Sun-N-Shade Sunvisors Pvt. Ltd.
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Automotive Sun Visor Market Segment Insights
Component Types Segment Analysis
Based on component types, the automotive sun visor market is segregated into LCD sun visors and conventional types. The conventional sun visor segment is expected to hold a significant share of the market during the forecast period due to factors such as low installation cost, no maintenance cost, and ease of handling.
Material Types Segment Analysis
On the basis of material types, the market is divided into fabric, vinyl, and others. The vinyl material segment is estimated to constitute a significant share of the market during the forecast period, as it improves the esthetic of the interior of luxury vehicles and the material is cost-effective.
Sales Channels Segment Analysis
In terms of sales channels, the automotive sun visor market is bifurcated into OEMs and aftermarket. The OEMs segment is projected to account for a significant share of the market share during the forecast period due to increasing production and sales of passenger cars, rising urbanization, changing lifestyle, and growing disposable income.
Vehicle Types Segment Analysis
Based on vehicle types, the market is classified as commercial vehicle, passenger vehicle, and electric vehicle. The passenger vehicle segment is expected to hold a significant share of the market during the forecast period. The demand for sun visor is increasing, as it helps increase the comfort of the car. It blocks the sunlight in the vehicle.
Regional Analysis
On the basis of regions, the global automotive sun visor market is categorized as Europe, Asia Pacific, North America, Latin America, and Middle East & Africa. Asia Pacific is anticipated to dominate the market during the forecast period, owing to the presence of automotive companies in China, India, South Korea, and Japan. Increasing production and sales of electric vehicles is likely to propel the market in the region. Europe is estimated to hold a significant share of the market during the forecast period due to the rising use of electric vehicles.
Segments
Component Types
- LCD Sun Visor
- Conventional Type
Material Types
Sales Channels
Vehicle Types
- Commercial Vehicle
- Passenger Vehicle
- Electric Vehicle
Regions
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
- Europe
Key Players
- A PISTON GROUP COMPANY
- GUMOTEX
- Grios s.r.o.
- Grupo Antolin
- KASAI KOGYO CO., LTD.
- OTOTRIM PANEL SANAYİ VE TİCARET A.Ş.
- FOMPAK
- KB Foam Inc.
- Sun-N-Shade Sunvisors Pvt. Ltd.
Competitive Landscape
Key players focus on strategies such as product launch, collaborations, mergers and acquisitions, partnerships, research and development (R&D), technological advancements, and joint ventures. Some major players operating in the market are A PISTON GROUP COMPANY, GUMOTEX, Grios s.r.o., Grupo Antolin, KASAI KOGYO CO., LTD., OTOTRIM PANEL SANAYİ VE TİCARET A.Ş., FOMPAK, KB Foam Inc., and Sun-N-Shade Sunvisors Pvt. Ltd.
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