Increase Sales of Passenger Cars Supporting the Growth of the Automotive Sun Visor Market

Automotive sun visor is a popular component in modern vehicles. Increased adoption in low-priced and mid-price cars has provided an impetus to the market. The global automotive sun visor market is poised to observe a steady growth over 2023 reports Market Research Future (MRFR).

Sun visors serves various purposes in modern cars, they facilitate heat absorption and allow natural light in the car. Sun visors adds to the overall interior of the car. Some of the cars now come with two sun visors one for the back-seat passengers and one for the front-seat passengers which was rare in the past.

Growth of the vehicle industry in regions such as Asia, the Middle East and LatAm has reflected favourably on the global automotive sun visor market. Moreover, changing vehicular design and new regulatory frameworks has influenced the automotive sun visor market. Nevertheless, presence of larges number of OEMs that follow different norms depending on region-to-region continues to create issues for car manufacturers.  Currently, there are no definitive protocols for automotive sun visor manufacturing. The complex design often leads to incompatibility, which remains a major downside for the industry.

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Despite such issues, sun visors are expected to remain a popular automotive part. The rise of electric vehicles has created new avenues for sun visors. There has been a considerable rise in number of manufacturers, many of them are starting more divers variety, giving more options to choose from for their clients. New materials are being utilized to develop sur visors however molded substrates, metals, plastics and fabrics are the popular options.  Manufacturers are also focusing on making their products multi-faceted by combining other component such as lights, flaps, electric cable, mirror, frame, padding etc.

The growing sale of vehicle all over the world is having a positive influence on the global demand for automotive sun visor. At the same time, favourable business condition, stable growth of the automotive sector, evolving designs of automotive have contributed to the growth of the market in recent years.

 

 

 

 

 

 

 

Global Automotive Sun Visor Market: Segmental Analysis

MRFR’s report includes a detailed segmental analysis of the market based of propulsion, material, type, vehicle type, and region.

Based on propulsion, key market segments include electric vehicle and ICE. Based on material, key market segments include fabric, vinyl and others. Based on type, key market segments include Conventional sun visor and LCD. Based on vehicle type, key market segments include commercial vehicle and passenger car. Based on sales channel, key market segments include aftermarket and OEM.

 

 

 

 

 

 

 

 

Global Automotive Sun Visor Market: Regional Analysis

By region, key market segmentations include Europe, Asia Pacific (APAC), North America and Rest of the World (RoW). APAC is expected to remain a highly lucrative market for automotive sun visor in the foreseeable future. The market growth is likely to be driven by factors such as rising vehicle sales, increased disposable income, growing middle-class population and improving the standard of living. In addition, growth of the automotive manufacturing sector in the region, especially in China has augured well for the APAC automotive sun visor market. At the same time, introduction of stricter safety regulations is partly boosting the adoption of sun visor in vehicles.

Global Automotive Sun Visor Market: Competition Analysis

Some of the leading companies operating in the global market for automotive sun visor include GUMOTEX (Chez Republic), Grupo Antolin (Spain), KASAI KOGYO CO., LTD. (Japan), OTOTRIM Sanayi ve Ticaret A.Ş. Panel (Turkey), KB Foam Inc. (US), GRIOS s.r.o. (Czech Republic), HOWA TEXTILE INDUSTRY CO., LTD. (Japan), Irvin Automotive Products, Inc (US), FOMPAK (Turkey) and Atlas Holding (US).

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Key Questions Addressed by the Report

  • What was the historic market size?
  • Which segmentation (Product/ Capacity) is driving market?
  • What will be the growth rate?
  • How are the key players in this market?
  • What are the strategies adopted by key players?

TABLE OF CONTENTS

 

1 EXECUTIVE SUMMARY

 

2 SCOPE OF THE REPORT

2.1 MARKET DEFINITION

2.2 SCOPE OF THE STUDY

2.2.1 DEFINITION

2.2.2 RESEARCH OBJECTIVE

2.2.3 ASSUMPTIONS

2.2.4 LIMITATIONS

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

3.1.1 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

4 MARKET DYNAMICS

4.1 INTRODUCTION

4.2 MARKET DRIVERS

4.3 MARKET RESTRAINTS

4.4 MARKET OPPORTUNITIES

4.5 MARKET TRENDS

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