Automotive Sun Visor Market Expected to Surpass US$ 10 Bn, Globally, by 2026:

Transparency Market Research has published a new report titled, “Automotive Sun Visor Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026”. According to the report, the global automotive sun visor market is anticipated to surpass US$ 10 Bn by 2026, expanding at a CAGR about to 3% during the forecast period.

The sun visor is installed in a vehicle in order to block the sun’s glare from distracting the driver and passenger. The sun visor was introduced in a Ford model T car in 1924. The sun visor is located in the cabin of the vehicle just beyond the windshield. The sun visor comprises of various components such as flap, mirrors, and lights. Different types of materials are used for the surface of the sun visor for enhanced esthetic appearance.

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The sun visor offers several advantages including heat absorption. The sun visor absorbs the heat and protects the electronic equipment in the car, thereby maintaining the temperature in vehicle cabin by blocking the sun light. The sun visor substrate is typically made form pressboard with the attachment of metal. Some sun visors are incorporated with mirrors and light for enhanced appearance. LCD sun visor is gaining popularity among consumers, as it not only blocks sunlight but is able to integrate DVD playback into the vehicle.

The conventional type sun visor segment is estimated to expand at a significant growth rate during the forecast period. Usage of conventional sun visor is high in passenger as well as commercial vehicles. Premium vehicles are equipped with the LCD type sun visors and hence, it is a highly attractive segment and is likely to expand at a significant growth rate during the forecast period. Rising demand for SUVs and premium vehicles across the globe, owing to preference by the young generation toward premium and SUVs, increase in purchasing power, and rise in per capita income are likely to drive the market. Sun visors are employed in light commercial vehicles and heavy commercial vehicles. Rise in demand for safety for drivers and passengers in commercial vehicles is likely to drive the sun visor market during the forecast period.

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The passenger vehicle segment held major share of the market, in terms of value and volume, in 2017. It is expected to maintain its dominance during the forecast period. Increase in production of passenger vehicles across the globe, owing to several factors such as strong demand for passenger vehicle from consumers, rapid urbanization, and decline in bank interest rate, are anticipated to boost the passenger vehicle segment.

Vinyl is widely utilized as a surface cover material for the sun visor in common vehicles due to its cost-efficiency over fabric material. Premium and luxury vehicles are equipped with fabric sun visors that enhance the overall appearance of the interior of these vehicles. Continuous rise in sales of premium vehicles and SUVs is likely to boost the demand for fabric material during the forecast period.

Automotive Sun Visor Market – Rise In Purchasing Power Of Consumers Are Likely To Drive The Automotive Sun Visor Market During The Forecast Period

Automotive Sun Visor Market – Snapshot

Sun visor plays a vital part in maintaining safety while driving a vehicle, by protecting the driver and passenger from the sun’s glare. Different types of sun visors are available with applications such as with or without mirror and fixed and extendable sun visors. Traditionally, the sun visor has been located in the ceiling above the windshield. Owing to its ergonomic design that fully integrates multi-function components. Leading sun visor manufacturers are developing lightweight substitutes using different composition of materials including recycled plastics. The sun visor assembly consists of several components such as electric cable, padding, mirror frame, and screws. Primarily, vinyl is utilized as a surface cover material for the sun visor.

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The sun visor helps lower the temperature of the vehicle cabin by blocking direct sunlight, as excessive heat can damage the audio system in the vehicle. Consequently, it helps improve the life of vehicle electronics. Rising demand for vehicle and passenger safety is likely to boost the demand for the automotive sun visor during the forecast period.

Sun visors have become an integral part of modern vehicles and they enhance the overall appearance of the vehicle interior. Increase in demand for stylish sun visors, consistent increase in vehicle production across the globe, owing to rapid urbanization, and rise in purchasing power of consumers are likely to drive the automotive sun visor market during the forecast period.

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The global automotive sun visor market has been segmented based on sun visor type, vehicle type, sales channel, and region. Based on sun visor type, the automotive sun visor market has been segregated into conventional type and LCD sun visor. The conventional segment dominates the automotive sun visor market, and it is likely to maintain its dominance during the forecast period. The conventional segment is anticipated to expand during the forecast period owing to its numerous advantages such as robust design, easy of handling and installation, and no maintenance. However, the LCD sun visor is gaining popularity among consumers, as it not only serves only the original purpose but it has an added feature that enables the passenger to integrate DVD playback into the vehicle.