Sun visor plays a vital role to maintain safety while driving a vehicle by protecting the driver and passenger from the sun’s glare. The temperature of the vehicle cabin can be maintained by blocking the direct sunlight as excessive heat can damage the audio system in the vehicle. Some sun visors are incorporated with mirrors and light to enhance their appearance. The LCD sun visor gains popularity among consumers as it not only blocks sunlight but also integrates DVD playback into the vehicle. Therefore, increase in demand for passenger safety is expected to boost the demand for automotive sun visor during the forecast period.
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COVID-19 scenario analysis:
- The automobile sector was struggling in many countries before the pandemic. However, due to the lockdown, supply and demand have completely subsided from the market.
- The impact of the coronavirus is expected to affect the sales of automobiles in every country. This is expected to impact the automotive sun visor market as well.
- The virus has destroyed the supply chain of many markets and is expected to take some time to revive.
- The virus may force companies to accelerate investment in factory automation when the global economy eventually rebounds, but it is expected to take a while.
- The virus has forced factories to shut down, with workers across the world sent home. It has exposed the fact that advanced factory automation has not been substituted with human workers at a large scale.
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Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis
The top impacting factors leading to the growth of the market include increase in demand for vehicle & passenger safety, rapid urbanization, and increase in purchasing power of consumers. However, the absence of standard protocols for the development of automotive sun visors and the intricate design of the system are the key restraining factors of the market. Furthermore, the growth in demand for electric vehicles across the globe provides potential opportunities for the growth of the automotive sun visor market.
The automotive sun visor market trends are as follows:
Increase in demand for vehicle & passenger safety
The awareness for safety & security is rapidly increasing among customers, which is changing their buying behavior. Companies are more concerned to install safety & security features in their vehicles. In addition, increase in awareness among customers is expected to force the manufacturing companies to use better equipment for the safety & security of passengers. Therefore, this is expected to boost the automotive sun visor market over the forecast period.
Rapid urbanization and increase in purchasing power of consumers
Developing countries across the world experienced huge urbanization over the last decade as many people shifted to urban areas in search of better opportunities. This has led to the rapid growth of the market size and increase in purchasing power of customers. Therefore, these factors are expected to fuel the growth of the automotive sun visor market over the forecast period.
Key benefits of the report:
- This study presents the analytical depiction of the automotive sun visor market along with current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the automotive sun visor market share.
- The current market is quantitatively analyzed to highlight the automotive sun visor market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed analysis based on competitive intensity and how the competition will take shape in the coming years.
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Questions answered in the automotive sun visor market research report:
- Which are the leading market players active in the automotive sun visor market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What are the projections for the future that would help in taking further strategic steps?
Automotive Sun Visor Market Report Highlights
| Aspects | Details |
| By Type | Conventional Type LCD Sun Visor |
| By Material | Fabric Vinyl |
| By Vehicle | Passenger Vehicle Commercial Vehicle Electric Vehicle |
| By Sales | OEM Aftermarket |
| By Region | North America Europe Asia-Pacific Latin America the Middle East Africa |
| Key Market Players | KASAI KOGYO CO., LTD., BURSA OTOTRIM PANEL SANAY, KÖBO GmbH & Co KG, GRIOS SRO, CO., LTD., BRACE, Grupo Antolin, HOWA TEXTILE INDUSTRY, GUMOTEX, Irvin Automotive Products, Inc., Atlas Holdings. |
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