NEW YORK, March 9, 2023 /PRNewswire/ — The automotive sun visor market is projected to increase at a CAGR of 3.2% during the forecast period – 2022 to 2027 by Technavio data analysts and research experts. This market research report also suggests the statistics about the market size that will grow by USD 291.93 million.The rising demand for the premium vehicles, growing automotive industry in the emerging economies, and enhanced safety features and comfort offered by the sun visors are projected as some key factors leading to the automotive sun visor market share growth.
For more such market analysis updates, historic (2017 to 2021) and forecast market size
(2023 to 2027), request for the sample PDF report.
New Business Opportunities – Market Segments and Key Regions Analysis
As per Technavio’s analysis, there are two market segments classified including conventional and LCD in the automotive sun visor market.
Among these market segments, the conventional segment is projected to record the highest market share growth during the forecast period. It was valued at USD 1,314.44 million in 2017 and continued to grow significantly by 2021.
Considering the geographical regions for market share growth, APAC is projected at top of the list. 43% of the total market share growth will originate from the APAC region by 2027.
Technavio further suggests, the rapid industrialization and the growth of the automotive industry across the region is estimated to drive the market in APAC. Moreover, consumer intent toward the premium segment vehicles will boost the market in APAC during the forecast period.
For more detailed segments analysis and geographical business distribution, historic
(2017 to 2021), and forecast market size (2023 to 2027), get the exclusive sample PDF
report.
Key Market Driver, Trend and Challenge
The sun visors enabled with enhanced safety features and comfort is significantly driving the automotive sun visor market growth.
Technavio also suggests, eco-friendly materials used as ingredients for making the automotive sun visors will emerge as a primary market trend for growth in the automotive sun visor market during 2022 to 2027.
As an emerging market challenge, issues in passenger car visor systems may impede the market growth as per Technavio’s report.
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Key Market Vendors
There are a few key vendors operating in the market, mentioned in the report such as:
- American Stitchco Inc.
- KB Foam Inc.
- Continental AG
- Gumotex Group
- Grupo Antolin Irausa SA
- Hansen International Inc.
- Faucher Industries
- Howa Co. Ltd.
- Kasai Kogyo Co. Ltd.
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Key Data Covered in this Automotive Sun Visor Market Report
- Projected CAGR of the market during 2023-2027
- Detailed statistical information on the major market drivers of the automotive sun visor market during 2023-2027
- Market size analysis of the automotive sun visor market size and its association with the parent market
- Relevant predictions about upcoming market trends and detailed consumer behavior analysis
- Market share growth analysis across North America, APAC, Europe, South America, and the Middle East and Africa
- Detailed market’s competitive landscape and key information about market vendors
- Comprehensive analysis of various market challenges
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- The automotive four-wheel drive vehicle market is projected to increase at a CAGR of 3.85% during the forecast period – 2022 to 2027 by Technavio data analysts and research experts. This market research report also suggests the statistics about the market size that will grow by 2,423.33 thousand units.
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Automotive Sun Visor Market Scope |
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Report Coverage |
Details |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.2% |
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Market growth 2023-2027 |
$ 291.93 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
2.2 |
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Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 43% |
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Key countries |
US, China, Japan, India, and Germany |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
ACME Specialty Manufacturing Co., American Stitchco Inc., Continental AG, Faucher Industries, Grupo Antolin Irausa SA, Gumotex Group, Hansen International Inc., Howa Co. Ltd., Kasai Kogyo Co. Ltd., KB Foam Inc., Martur Fompak International, Piston Group, Rosco Inc., Seatz Manufacturing, Shanghai Daimay Automotive Interior Co. Ltd., Sunvisors India Pvt. Ltd., and Toyota Boshoku Corp. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
