Automotive Sun Visor Market Expected to Showcase Extensive Growth Rate of +26% with Upcoming Trends, Drivers, and Development Strategies
Market Research Future (MRFR) affirms that the “Automotive Sun Visor Market 2020” accrue a striking high valuation by 2023. The market is all set to progress at a rate of 26.5% over the forecast years (between 2018 and 2024). We will provide covid-19 impact analysis with the report. The COVID-19 impact on the market has been studied in the report, which offers an in-depth analysis post the coronavirus disease outbreak.
COVID-19 Analysis:
The novel coronavirus has given a significant blow to the manufacturing sector, with OEMs and components suppliers still waiting to resume normal production. The COVID-19 outbreak has led to massive delays in market delivery, postponing several launches, fragile supply chains, SMEs facing financial crunch, and downfall of vehicle sales.
Key Companies:
Some of the key companies listed in the market profile include KB Foam Inc. (US), Irvin Automotive Products, Inc (US), GUMOTEX (Chez Republic), Atlas Holding (US), HOWA TEXTILE INDUSTRY CO., LTD. (Japan), FOMPAK (Turkey), GRIOS s.r.o. (Czech Republic), KASAI KOGYO CO., LTD. (Japan), Grupo Antolin (Spain), OTOTRIM Sanayi ve Ticaret A.Ş. Panel (Turkey), to name a few.
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Top Boosters and Key Challenges:
Automotive sun visor market companies are proactively exploring ways to expand their reach across the globe and boost their profits, armed with top marketing strategies such as agreements, mergers and product launches. A case in point, in January 2020, Bosch launched an innovative AI-powered LCD sun visor that helps solve the issue of squinting for drivers. The sun visor extensively deploys a smart flip-down LCD along with a driver-facing camera for blocking sun glare digitally. It makes use of AI to pinpoint facial features such as mouth, nose and eyes to administer shadows as they move all over the driver's face.
Segmental Analysis:
· The types of automotive sun visor are Conventional and LCD sun visor.
· The market categories, with respect to material, include fabric, vinyl, and more.
· The key vehicle types studied by MRFR experts are passenger car as well as commercial vehicles.
· The propulsion-wise market sections can be electric vehicle and ICE.
· The prime sales channels covered in the market study are Aftermarket and OEM.
Regional Insight:
The Automotive Sun Visor Market Size has been extensively reviewed, in terms of primary regions such as APAC/Asia Pacific, Europe, North America, and RoW/Rest of the World.
APAC holds maximum potential to seize the highest share in the global market over the coming years, as a result of the expanding population, high sales of different types of vehicles, and the evolving lifestyle being led by consumers. The rising uptake of electric vehicles remains another chief factor that induces demand for automotive sun visors in the region.
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Major Highlights of TOC Covers:
1. Executive Summary
2. Key Business Trends
3. Regional Trends and Growth
4. Product Trends
5. End-use Trends
6. Definition and Forecast Parameters
7. Automotive sun visor Market Segmentation
8. Automotive sun visor Market Landscape
9. Vendor Matrix
10. Company Profiles
Continued…….…
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