Automotive Sun Visor Market
The Global Automotive Sun Visor Market is expected to progress with the CAGR of 4.3% from 2019 to 2023. 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.
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Key Players:
The prominent players in the global automotive sun visor include Irvin Automotive Products, Inc (US), GUMOTEX (Chez Republic), GRIOS s.r.o. (Czech Republic), Grupo Antolin (Spain), Atlas Holding (US), KASAI KOGYO CO., LTD. (Japan), HOWA TEXTILE INDUSTRY CO., LTD. (Japan), OTOTRIM Sanayi ve Ticaret A.Ş. Panel (Turkey), FOMPAK (Turkey), and KB Foam Inc. (US).
Market Analysis:
An automotive sun visor is located on the ceiling above the vehicle windshield. Generally, vehicles are equipped with two sun visors, one for the driver and the other one for the passenger. Some sun visors also have a pre-installed mirror. The main purpose of a sun visor is to shield the passenger and driver from the sun. To enhance safety and better driving experience the sun visor manufacturers and automotive OEMs working together for improving and developing the simple but effective sun visors capable of protecting against dazzle.
The global Automotive Sun Visor market is segmented on the basis of type, material, vehicle type, propulsion, and region. On the basis of type, the market has been segmented into LCD and Conventional sun visor. On the basis of material, the market has been segmented into vinyl, fabric, and others. On the basis of vehicle type, the market has been segmented into passenger car and commercial vehicle. On the basis of propulsion, the market has been segmented into ICE and electric vehicle. On the basis of sales channel, the market has been segmented into OEM and Aftermarket.
Geographically, the global automotive sun visor has been segmented into four major regions namely North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific region is estimated to hold the largest market share during the forecast period owing to growing population, increasing vehicle penetration across countries, and changing lifestyle of consumers. Moreover, increased use of electrification in vehicles is expected to boost the demand for automotive sun visor as it protects the electric equipment in vehicles. Furthermore, the rise in demand for safety features in vehicles and increasing investment by public and private players to boost the development of the automobile sector are contributing to the growth of this market in this region.
Segmentation:
The global Automotive Sun Visor market is segmented on the basis of type, material, vehicle type, propulsion, and region. On the basis of type, the market has been segmented into LCD and Conventional sun visor. On the basis of material, the market has been segmented into vinyl, fabric, and others. On the basis of vehicle type, the market has been segmented into passenger car and commercial vehicle. On the basis of propulsion, the market has been segmented into ICE and electric vehicle. On the basis of sales channel, the market has been segmented into OEM and Aftermarket.
On the basis of type, the conventional segment is projected to witness a significant growth during the study period. This growth is attributed due to the growing adoption of safety solutions in automobiles. The conventional sun visors offer robust design, ease of handling and installation, and less maintenance.
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