Automotive Sun Visor Market Overview:
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.
Automotive Sun Visor Market Size To Expand at a Notable CAGR Of 4.3% During 2019 – 2023
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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).
Automotive Sun Visor Market 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.
The key driving factors for the growth of this market are growing demand for advanced safety, convenience, and comfort systems. Furthermore, rise in demand for electric vehicle is set to drive the global automotive sun visor market. The growing adoption of LCD based sun visor in passenger vehicles will further boost the growth of this market. Technological advancements in automotive sun visor device and improving economies of developing countries such as Brazil, Argentina, and India are providing ample opportunities for the expansion of the market in these countries.
Increased R&D investments along with strategic mergers and acquisitions of smaller players in this market with global powerhouses are further expected to provide a boost to the global market during the forecast period.
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.
Table Of Contents
1. Executive Summary
2. Scope Of The Report
2.1. Market Definition
2.2. Scope Of The Study
2.2.2. Research Objective
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. Porter’s Five Forces Analysis
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
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