Global Automotive Sun Visor Market

Automotive Sun Visor Market Size, Share, Growth Analysis, By Component(Conventional sun visor and LCD sun visor), By Material(Fabric, Vinyl, and Others), By Vehicle(Passenger Cars, Commercial Vehicles), By Region - Industry Forecast 2024-2031

Report ID: SQMIG25E2095 | Region: Global | Published Date: April, 2024
Pages: 223 | Tables: 87 | Figures: 70

Automotive Sun Visor Market News

  • 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. Additionally, the company announced plans to establish a new manufacturing plant in Tamil Nadu, with an investment of INR 250 crore. 
  • In March 2024, Japanese automotive competitors Nissan and Honda announced their intention to explore a strategic partnership in the electric vehicle sector. This collaboration aims to address the significant transformations occurring in the automotive industry, described as a "once-in-a-century" upheaval, by leveraging their respective strengths and resources in electric vehicle technologies. 
  • In January 2024, Gentex is gearing up to launch a series of smart home devices named PLACE. This innovative lineup comprises a suite of smart home safety products, each offering room-specific functionality. PLACE is designed to be a comprehensive solution that seamlessly integrates smart home safety, comfort, and security features into a sophisticated system, all accessible and controllable through a single, user-friendly app.
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Automotive Sun Visor Market size was valued at USD 8.72 billion in 2022 and is poised to grow from USD 9.50 billion in 2023 to USD 18.94 billion by 2031, growing at a CAGR of 9% in the forecast period (2024-2031).

The competitive environment of the Automotive Sun Visor Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in the industry. 'Irvin Automotive Products, Inc.', 'GUMOTEX', 'BRACE', 'GRIOS sro', 'Grupo Antolin', 'Atlas Holdings', 'KASAI KOGYO CO., LTD.', 'HOWA TEXTILE INDUSTRY CO., LTD.', 'BURSA OTOTRIM PANEL SANAYİ VE TİCARET A.Ş', 'FOMPAK', 'Benecke -Kaliko AG', 'Shanghai Daimay Automotive Interior Co., Ltd.', 'Hayashi Telempu Corporation', 'IAC Group'

The dominance of the Asia Pacific in the automotive sun visor market is evident, primarily due to the widespread presence and influence of the automotive sector in countries such as China, Japan, and South Korea. This region's lead position is expected to persist and even expand further in the forecast period, given the anticipated rise in vehicle production within these areas. Key drivers propelling this market growth include a steadily increasing population, the continuous penetration of vehicles into these markets, and notable shifts in lifestyle patterns coupled with rising disposable incomes.

The automotive sun visor market experiences substantial growth driven by several key factors. An increase in vehicle demand and production, coupled with rising traffic volumes, serves as primary drivers for the demand in automotive sun visors. Furthermore, there's a growing emphasis on vehicle and driver safety, contributing significantly to market expansion. Looking ahead, the market is poised for further growth in the forecast period, fueled by the expanding population and the burgeoning production capabilities of emerging economies such as China and South Korea.

North America is projected to exhibit consistent and stable growth within the market throughout the forecast period. This estimation is founded on various factors contributing to the region's automotive industry. Factors such as technological advancements, ongoing innovations in vehicle manufacturing, and a robust emphasis on safety standards are anticipated to sustain and bolster market growth in North America.

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Global Automotive Sun Visor Market

Report ID: SQMIG25E2095

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