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 Insights

Global 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).

Automotive sun visors serve as rectangular-shaped, manually operated shields positioned above the windshield to mitigate the sun's glare, ensuring safety for both drivers and passengers.

These visors, available in fixed or expandable configurations, may incorporate mirrors as part of their design. Positioned on the ceiling, they boast fully integrated ergonomic designs, housing multifunctional components to optimize usability. Two primary types, conventional and LCD sun visors, cater to varying preferences.

Leading producers are innovating with lightweight alternatives, leveraging material combinations such as recycled plastics to enhance efficiency. The sun visor assembly encompasses various components like electric cables, padding, mirror frames, and screws, with vinyl being the commonly utilized surface material, ensuring durability and functionality within vehicles.

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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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