Sun Visor Market Size, Share & Industry Analysis, By Component Type (Conventional Sun Visor, LCD Sun Visor), By Material Type (Fabric, Vinyl, Others), By Vehicle Type (Passenger Cars, Commercial Vehicles) and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI101888 | Status : Ongoing

KEY MARKET INSIGHTS

Sun Visor is a small but essential part of the interior of a vehicle. It protects the driver and co-driver from direct sunlight. Sun Visor helps to improve the visibility of the driver and also blocks the sun rays to enter directly inside the vehicle, which in turn keeps the vehicle cool. It is installed just above the windshield owing to its ergonomic design. Major competitors in the market are investing a lot in R&D to develop sun visors that are light in weight and are made of recycled materials. In recent years sun visor consists of components like electric cable, mirror frame, padding, and screws.

Key Market Driver -

Increasing awareness towards the safety features by consumers is expected to drive the market.

Key Market Restraint -

The technological advancement in the smart glass of the vehicle is expected to be hindrance for the growth of the market

Sun Visor also helps to keep the temperature of the vehicle low by blocking direct sun rays from entering the vehicle. It also avoids the sun rays to reach directly to the audio system, which results in the prevention of damage caused by sun rays to the system. In recent years sun visors have been the most important part of vehicles as they improve the appearance of the interior of the vehicle. Rising sales and production of vehicles and rapid urbanization globally anticipated driving the sun visor market.

Key Players Covered in the Sun Visor Market:

Some of the major companies that are present in the sun visor market GRIOS SRO, akciova spolecnost, KASAI KOGYO Co.Ltd, KÃBO GmbH & Co KG, Grupo Antolin, Atlas Industries Holdings LLC, GUMOTEX, Howa Co Ltd, Irvin Automotive Products Inc, FOMPAK and KB Foam Inc., among the other players.

The global automotive sun visor market has been segmented into component type, material type, vehicle type, and region. By component type, the sun visor market has been segmented into conventional sun visor and LCD sun visor. The conventional sun visor segment is anticipated to dominate the market over the forecast period amid its low cost of installation. It is expected to maintain its dominance owing to its property, such as the ease of handling, no maintenance, ease of installation, and robust design. The LCD sun visor is expected to show good growth during the forecast period. Integrated DVD playback in LCD sun visor is expected to maintain the growth of this segment over the forecast period. By material type, the sun visor market is segmented into the fabric, vinyl, and others. The vinyl material segment is anticipated to dominate the market during the forecast period. Vinyl material is very much cost-effective than fabric material. The fabric sun visor segment is expected to hold the second-largest position in the market owing to its installation in luxury vehicles that improves the look of the interior of the vehicle. Based on the vehicle type, further, the market has been segmented into passenger cars and commercial vehicles. The passenger car segment anticipated holding significant market share owing to increasing demand for sun visors to improve comfort in the vehicle.

Regional Analysis:

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Geographically, the sun visor market has been segmented into North America, Europe, Asia Pacific and the rest of the world. Asia Pacific is anticipated to hold significant market share amid rapidly growing domestic consumption, large population, and evolving standards. India is expected to dominate the region owing to the increasing sales and production of passenger cars. Europe is projected to hold the second-largest position in the market. Increasing demand for luxury vehicles is expected to maintain the second-largest position in this region. North America is estimated to show steady growth in the market over the forecast period.

Segmentation

ATTRIBUTE	DETAILS
By Component Type	Conventional Sun Visor LCD Sun Visor
By Material Type	Fabric Vinyl Others
By Vehicle Type	Passenger Cars Commercial Vehicles
By Geography	North America (USA, Canada, and Mexico) Europe (Germany, France, U.K., and Rest of Europe) Asia Pacific (Japan, China, India, South Korea, and Rest of Asia Pacific) Rest of the World

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PUBLISHING STATUS: Ongoing
BASE YEAR: 2023
HISTORICAL DATA: 2019-2022

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