Automotive Sun Visor Market - Snapshot
Sun visor plays a vital part in maintaining safety while driving a vehicle, by protecting the driver and passenger from the sun’s glare. Different types of sun visors are available with applications such as with or without mirror and fixed and extendable sun visors. Traditionally, the sun visor has been located in the ceiling above the windshield. Owing to its ergonomic design that fully integrates multi-function components. Leading sun visor manufacturers are developing lightweight substitutes using different composition of materials including recycled plastics. The sun visor assembly consists of several components such as electric cable, padding, mirror frame, and screws. Primarily, vinyl is utilized as a surface cover material for the sun visor.
The sun visor helps lower the temperature of the vehicle cabin by blocking direct sunlight, as excessive heat can damage the audio system in the vehicle. Consequently, it helps improve the life of vehicle electronics. Rising demand for vehicle and passenger safety is likely to boost the demand for the automotive sun visor during the forecast period.
Sun visors have become an integral part of modern vehicles and they enhance the overall appearance of the vehicle interior. Increase in demand for stylish sun visors, consistent increase in vehicle production across the globe, owing to rapid urbanization, and rise in purchasing power of consumers are likely to drive the automotive sun visor market during the forecast period.
The global automotive sun visor market has been segmented based on sun visor type, vehicle type, sales channel, and region. Based on sun visor type, the automotive sun visor market has been segregated into conventional type and LCD sun visor. The conventional segment dominates the automotive sun visor market, and it is likely to maintain its dominance during the forecast period. The conventional segment is anticipated to expand during the forecast period owing to its numerous advantages such as robust design, easy of handling and installation, and no maintenance. However, the LCD sun visor is gaining popularity among consumers, as it not only serves only the original purpose but it has an added feature that enables the passenger to integrate DVD playback into the vehicle.
In terms of vehicle type, the automotive sun visor market has been classified into passenger vehicles, commercial vehicle, and electric vehicle. Demand for sun visors is likely to increase during the forecast period owing to continuous increase in demand for passenger vehicles across the globe. Healthy economic conditions in developing countries, rapid urbanization across the globe, and decrease in bank interest rates are likely to fuel the demand for passenger vehicles. Government initiatives for green transportation in order to reduce carbon emission, across the globe, are driving the adoption of electric vehicles. Rise in production of electric vehicles is likely to propel the demand for automotive sun visor during the forecast period.
Based on region, the automotive sun visor market has been divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Geographical analysis is based on production trends, political reforms, regulation changes, and demand. Asia Pacific dominates the global automotive sun visor market owing to the presence of a prominent automotive industry in China, Japan, India, and South Korea. Asia Pacific is expected to hold more than 50% share of the global market. Rise in vehicle production across the region is anticipated to boost the automotive sun visor market during the forecast period. Increase in production and sales of electric vehicles, especially in China, is expected to drive the automotive sun visor market in the country during the forecast period. Rising trend of electric vehicles in Europe is anticipated to boost the usage of sun visor in the automotive industry. Increase in the number of light vehicles and stringent safety norms are expected to drive the sun visor market in North America during the forecast period.
Key players operating in the global automotive sun visor market are expected to benefit from the formation of strategic alliances with other global players. These players have strong global presence, firm establishments, and diverse product portfolios. Prominent players operating in the global automotive sun visor market include Irvin Automotive Products, Inc., GUMOTEX, BRACE, GRIOS sro, Grupo Antolin, Atlas Holdings., KASAI KOGYO CO., LTD., HOWA TEXTILE INDUSTRY CO., LTD., BURSA OTOTRIM PANEL SANAY? VE T?CARET A.?, KÖBO GmbH & Co KG, FOMPAK, and KB Foam Inc.
Automotive Sun Visor Market - Overview
This report analyzes and forecasts the market for automotive sun visor at the global and regional level. The market has been forecasted based on revenue (US$ Mn) and volume (million units) from 2018 to 2026. The study includes drivers and restraints of the global automotive sun visor market. It also covers the impact of these drivers and restraints on the demand for sun visor during the forecast period. The report also highlights opportunities and future scope in the automotive sun visor market at the global and regional level.
The report comprises a detailed value chain analysis, which provides a comprehensive view of the global automotive sun visor market. The Porter’s Five Forces analysis model for the automotive sun visor market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein product is benchmarked based on their market size, growth rate, and general market share.
The study provides a decisive view of the global automotive sun visor market by segmenting it in terms of surface material, type, sales channel, vehicle type, and geography. These segments have been analyzed based on present and future trends. Regional segmentation includes the current and forecast demand for sun visor in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers demand for individual segments in all major countries across all the region.
The study includes profiles of major companies operating in the global automotive sun visor market. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, recent developments, key executive bios, and manufacturing footprint.
The market for sun visor is primarily driven raised concern about enrich vehicle appearance and comfort while travelling. Continuous increase in production of passenger vehicle across the globe is likely to drive the sun visor market. Global key players are primarily focused at enhancing the sun visor safety in order to avoid shattering and investing in R&D activities to reduce the heat entering the vehicle without compromising visibility through the sun visor.
The report provides the estimated market size of sun visor for 2017 and forecast for the next nine years. The global market size of sun visor has been provided in terms of revenue and volume. Market numbers have been estimated based on Sun Visor type, surface material type, sales channel, vehicle type, and regional segments of automotive sun visor market. Market size and forecast for each type, material, Type, sales channel, and vehicle type have been provided in terms of global and regional/country markets.
In order to compile the research report, we have performed model mapping for vehicles having sun visor and conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases, and webcasts specific to companies operating in the market, National government documents, statistical databases, and market reports, American Automobile Association, European Automobile Manufacturers Association, Automotive Research Association of India, Organisation Internationale des Constructeurs d'Automobile (OICA), Factiva, etc.
Primary research involves e-mail interactions, telephonic interviews, Linked interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on market size, market trends, growth trends, competitive landscape, and outlook, etc. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.
The global automotive sun visor market has been segmented as follows:
Global Automotive Sun Visor Market, by Surface Material
Global Automotive Sun Visor Market, by Type
- Conventional Type
- LCD Sun Visor
Global Automotive Sun Visor Market, by Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
- Electric Vehicle
Global Automotive Sun Visor Market, by Sales Channel
Global Automotive Sun Visor Market, by Region/Country/Sub-region
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
- Latin America
- Rest of Latin America