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Automotive Sun Visor Market Growth Rate, Trends, Analysis, Future scope, Size, Share to 2023
Posted: Feb 27, 2020
Growing vehicle production and expansion of the automotive manufacturing sector in fast-developing countries supporting the growth of the global automotive sun visor market. Market Research Future (MRFR) in its recent study finds that the market is set to witness an impressive growth during the forecast period (2018-2023). Automotive sun visors are extremely common in modern vehicles, they are used as sunlight preventing shield in vehicles and are usually placed in the front portion of the roof panel in the car cabin.
Sun visor is controlled by a separate auxiliary glass or sometime through an elongated extended portion of windshield. Automotive sun visor has several functionalities such as protection against high beam of sunlight, health absorption and protect front seat occupant from glare of sunlight. Automotive sun visor is indeed a unique car accessory, which makes a massive difference in terms of safety, comfort and driving experience. To an extent, automotive sun visor help in maintaining the interior temperature of the vehicle. In most cars, two sun visors are installed that mainly carter to front seat passenger and driver.
Some of the factors that are making a positive impact on the automotive sun visor market are increase vehicle production and growing emphasis on drive safety. Over the next couple years, the market is expected to witness a steady rise. Threat from alternative solutions remains negligible, moreover, sun visors are unlikely to face any major competition during the projected future. Arrival of hybrid and complete electric vehicle along with increased electrification of automotive components are trends that may influence market growth in the years to come.
A large number of carmakers are inclining towards simplistic and cost-effective component for visor manufacturing. At the same time, OEMs are focusing on developing consumer centric car accessories and products that allow brands to comply with automotive safety regulations. However, disparity in regulation standards in sun visor manufacturing from region to region and sluggish design development are some of the major bottlenecks.
Global Automotive Sun Visor Market: Segmental Analysis
MRFR’s study includes a comprehensive segment analysis based on type, vehicle type, material, propulsion, sales channel and region. By type, the market has been segmented into conventional sun visor and LCD. By material, the market has been segmented into fabric, vinyl and others. By vehicle type, the market has been segmented into commercial vehicle and passenger. By propulsion, the market has been segmented into electric vehicle and ICE. By sales channel, the market has been segmented into aftermarket and OEM
Global Automotive Sun Visor Market: Regional Analysis
Regions that were covered in MRFR’s study include North America, Europe, Asia Pacific (APAC). Of these, APAC is likely to remain the most attractive market for automotive sun visor during the forecast period. Market growth in the region is primarily driven by factors such as expansion of the automotive industry, rising sales of cars, and rising disposable income. In addition, increased emphasis on making cars safer coupled with introduction of stricter automotive safety regulations is partly influencing the growth of the automotive sun visor market. Local policymakers in the region are implementing policies that support the growth of the automotive manufacturing industry, which is boosting investor confidence.
Global Automotive Sun Visor Market: Competitive Landscape
Irvin Automotive Products, Inc (US), GRIOS s.r.o. (Czech Republic), Atlas Holding (US), HOWA TEXTILE INDUSTRY CO., LTD. (Japan), FOMPAK (Turkey), GUMOTEX (Chez Republic), KB Foam Inc. (US), OTOTRIM Sanayi ve Ticaret A.?. Panel (Turkey), KASAI KOGYO CO., LTD. (Japan) and Grupo Antolin (Spain) are some of the key companies mentioned in MRFR’s report.
The report for global automotive intelligence park assists system market of market research future covers extensive primary research. This is accompanied with detailed analysis of qualitative and quantitative aspects by various industry experts and k