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The dynamic nature of the automotive sun visor market is dictated by different factors, which are motivated by both functional and ornamental needs of car owners. They have now become permanent sections of cars, mainly made to protect drivers and passengers from harmful sun rays and glare. These dynamics of the market are directly linked with overall performance in the automotive industry as a whole, indicating trends in vehicle production, consumer preferences as well as technological changes.
One among these main influences that shape market dynamics is rising global automobile production. As more vehicles hit the road, so does the need for automotivesun visors increase. Manufacturers and actors within automotivesun visor market track forecasts on production closely thereby molding their strategies to meet growing demands within the sector.
Consumer tastes and change in lifestyle also play an important role in determiningmarket dynamics.The customers who have become more enlightened about sun protection and comfort prefer advanced sun visors that come with numerous features. For example extra features such as mirrors, lighting or adjustability have been included thus enhancing innovation in this industry.
Technological advancements particularly in materials and manufacturing processes contribute significantly towards changing landscape ofautomotive sun visormarket. Manufacturers put resources into research and development (R&D) to createvisors that are light-weight, strong but attractive. Furthermore, smart technologies such as electrochromic tinting or augmented reality displays is also gaining momentum hence giving future outlooks on functions of sun visors.
Global safety measures regulations enacted by outlets result in substantial impacts on movements within markets.These orders must be followed incisively by manufacturers so that safety standards plus quality requirements can be maintained for sun visors. Therefore product design/manufacturing processes may be influenced by changes in laws for instance shatterproof materials or even anti-glare coatings hence shaping market dynamism.
Even consideration towards environment has engrossed into automotive industry affecting Sun Visor Market too.This is because producers are investigating eco friendly substances and manufacturing methods to conform to the rising demand for sustainable products. The change in consumer preference towards environmentally responsible options has caused a shift in dynamics of automotive sun visor market.
Additionally, competition among manufacturers and their strategic collaborations, mergers as well as acquisitions for survival also influence market dynamics. Innovation or differentiation is one of the determining factors that companies have to consider when they are competing against each other for customers; hence, providing special features and designs is vital. Notably, cost aspects and price competitiveness play an important role in setting of market dynamics most particularly where there are price sensitive consumers.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Market Size Value In 2023 | USD XX Billion |
| Growth Rate | 4.9% (2023-2032)Base Year2022Market Forecast Period2023-2032Historical Data2018- 2022Market Forecast UnitsValue (USD Billion)Report CoverageRevenue Forecast, Market Competitive Landscape, Growth Factors, and TrendsSegments Covered Technology, Vehicle Type and RegionGeographies CoveredNorth America, Europe, Asia Pacific, and the Rest of the WorldCountries CoveredThe US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and BrazilKey Companies ProfiledIrvin 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).Key Market OpportunitiesGovernment initiative Developing commercial sectors globallyKey Market DynamicsRise in demand for safety features in vehicles Increasing investment by public |
Automotive Sun Visor Market Highlights:
Automotive Sun Visor Market Synopsis
The Automotive Sun Visor Market is projected to grow from USD 2145.4 Million in 2021 to USD 3201.7 Million by 2032, exhibiting a compound annual growth rate (CAGR) 4.9% during the forecast period (2023 - 2032). An automotive sun visor is used as a sunroof in vehicles located in the front portion of the roof panel inside the vehicle cabin. The sun visor is closed by a separate auxiliary glass or an extending portion of windshield glass, where the sun visor body is exposed to the vehicle cabin. An automotive sun visor provides various advantages such as heat absorption and helps to protect the vision of drivers and passengers from the glare of sunlight and electronic equipment in the vehicle, thereby maintain the interior temperature of the vehicle. The modern passenger car has one sun visor for driver and one for the passenger.
The factors driving the growth of this market are growing sales and production of vehicles across the globe, increasing traffic flow, and growing demand for vehicle and driver safety. The lack of standard protocols for the development of automotive sun visors and complex design of the system are considered as key restraining factors of this market. However, growing demand for electric vehicles across the globe, improving economy of emerging nations are providing opportunities for the growth of the automotive sector, in turn, driving this market.
The global automotive sun visor market is projected to witness significant growth during the study period. The rising number of manufacturers who are integrating simple and economical visor components to protect against dazzle in vehicles, the growing focus by consumers and automotive OEMs on vehicle and driver safety are playing a key role in the growth of this market.
The prominent players in the global automotive sun visor industry 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)
- KB Foam Inc. (US).
The global market for Automotive Sun Visor 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 industry 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.
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 key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historical and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.
Automotive Sun Visor Market Industry Developments
In March 2024, Steelbird Hi-Tech India Ltd, the world's largest helmet manufacturer, celebrated its 60th anniversary by unveiling the new SBA-17 RDX helmet priced at INR 1199. What’s more, the company disclosed that it will put up a new manufacturing plant in Tamil Nadu with an investment of INR 250 crore.
In March 2024, Japanese electric car rivals Nissan and Honda announced about their intent to enter into a strategic partnership in the electric vehicle industry.
Gentex has been preparing to launch smart home devices called PLACE in January 2024. This range includes separate products for each room that are functional yet smart. PLACE is intended to be a holistic offering of intelligent housing safety solutions, energy efficiency and security systems that all come together via one app, which is further designed to ensure convenience of usage for customers.
North American International Auto Show Event witnessed IAC Unveiling Couture Gown Crafted from Sustainable Automotive Materials for the North American International Auto Show Event in September 2022.
Ford developed an innovative design for automotive sun visors where functionality merged with safety by incorporating a mechanism that makes it possible for the sun visor to double up as an emergency escape tool used to shatter car windows.
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