A recent report published by Infinium Global Research on automotive sun visor market provides an in-depth analysis of segments and sub-segments in the global as well as regional automotive sun visor market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional automotive sun visor market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global automotive sun visor market. According to the report, the global automotive sun visor market is projected to grow at a CAGR of 3.4% over the forecast period of 2018-2024.
A sun visor is a component of an automobile located on the interior just above the windshield vehicle in order to block the sun’s glare from distracting the driver and passenger. It facilitated with a hinged flap which is adjustable, electric cables, padding, mirror frame, and screws. Different types of materials are used for the surface of the sun visor for enhanced aesthetic appearance of it. The sun visor was first introduced in a Ford model T car in 1924.
The sun visor offers numerous benefits apart from heat absorption. By absorbing the heat, sun visor protects the electronic equipment in the car and by blocking the sunlight, it maintains the temperature in the vehicle cabin. The sun visor substrate is usually made from pressboard with the metal attached to it. Sometimes the sun visors are combined with mirrors and light for enhanced aesthetics. The LCD sun visor is gaining popularity among consumers, as it not only blocks sunlight but also integrates DVD playback into the vehicle.
Increase in vehicle production worldwide due to rapid urbanization and rise in purchasing power of consumers is the key driving factor for the global automotive sun visor market. Advantages of the sun visors such as maintaining the interior temperature of the vehicle and protection of electronic equipment inside the car from sunlight and heat are predicted to push the demand for the sun visor globally. Furthermore, growing urbanization, increasing per-capita income and improving the lifestyle of consumers are contributing to the growth of the global automotive sun visor market. Yet, the high cost of the raw materials and ultimately the sun visor itself is the restrictive factor for the growth of the market. Whereas, growing demand for an electric vehicle is expected to provide favorable circumstances for the global sun visor market.
Asia Pacific region, among the other geographies, dominates the global automotive sun visor market owing to the presence of a prominent automotive industry in China, Japan, India, and South Korea. High production of the automobile in these countries is expected to propel the automotive sun visor market in this region. Further, flourishing economies and the changing the lifestyle of the population in this region is projected to grow the demand for the automotive sun visor.
The report on global automotive sun visor market covers segments such as surface material, type, vehicle type, and sales channel. On the basis of surface material, the sub-markets include vinyl and fabric. On the basis of type, the sub-markets include an LCD sun visor and conventional type. On the basis of vehicle type, the sub-markets include commercial vehicle, passenger vehicle, and electric vehicle. On the basis of the sales channel, the sub-markets include aftermarket and OEM.
The report provides profiles of the companies in the market such as FOMPAK, Grupo Antolin, KÖBO GmbH & Co KG, Brace IT Ltd, GUMOTEX, akciova spolecnost, HOWA TEXTILE INDUSTRY CO., LTD., KASAI KOGYO CO., LTD., and Atlas Industries Holdings LLC, other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of automotive sun visor market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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