Press release
Global Sun Visor Market to be Driven by the Implementation of Stringent Government Regulations in the Forecast Period of 2022-2027
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter's Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
• Forecast CAGR (2022-2027): 2.6%
The global market for sun visors is being driven by the deployment of sun visors in the interior of a vehicle to protect the passengers and the driver from direct sunlight. Accidents caused by hampered vision due to excess sunlight are rising at an alarming rate, and thus necessitating the need for sun visors.
Additionally, Sun visors can play a vital role in maintaining a vehicle's temperature by blocking direct sunlight and thereby minimising heat damage on the interiors of the vehicle, hence providing impetus to the market. Furthermore, rising awareness for safety and security among consumers and the rising expenditure on vehicle interiors is propelling the demand for sun visors in automotive.
The surge in the market can also be linked to shifts in manufacturing practices focused on installing safety and security features.
Industry Definition and Segmentation
Sun visors are accessories used to protect the user from extreme sunlight. In the fashion industry, sun visors primarily refer to hats.
In the automobile industry, sun visors are vehicle accessories located in the interior of the vehicles above the windshield to protect the driver and passengers from sunlight glares.
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On the basis of surface material, the market can be divided into:
• Fabric
• Vinyl
• Others
Based on type, the market can be segmented into:
• Conventional Type
• LCD Sun Visor
The market, based on vehicle type, the market can be categorised into:
• Passenger Vehicle
• Commercial Vehicle
On the basis of sales channel, the market can be classified into:
• Original Equipment Manufacturer (OEM)
• Aftermarket
The regional markets for the product include:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Market Trends
The global market for sun visors is being augmented by the vital role played by sun visors in protecting the drivers and passengers from sun glares. Most cars have two sun visors, one for the driver's seat, and the other one on the passenger side.
They are designed with a hinged flap and can be adjusted to help shade the eyes of drivers and passengers from the glare of sunlight. This has been driving the growth of the market.
The flexible design that allow sun visors to be adjusted sideways or down ways to help block sunlight entering through the windshield of windows are further adding to the growth of the market. Moreover, innovations in sun visor manufacturing such as the introduction of LCD sun visors by leading market players.
Key Market Players
The major players in the market are Irvin Automotive Products, Inc., Grios s. r. o., Grupo Antolin, Atlas Holdings, Kasai Kogyo Co., Ltd., and Kyowa Sangyo Co., among others.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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