Automotive sun visor market size
The LCD sun visor has gained fame among the customers because it not only helps to block the sunlight but also merges DVD playback in the vehicle. Hence the rise in demand for the safety of passengers is estimated to fuel the demand for the automotive sub-visor market while the prediction period. The Automotive sun visor market size is predicted to rise by USD 145.23 from 2020 to 2027 at a CAGR of 4.3% during the prediction period.
A Sun visor plays an important role in maintaining safety during driving the vehicle as it protects the passenger and driver from the glare of the sun. The cabin's vehicle temperature can be maintained by blocking the sunlight that directly falls on the car and can damage the audio system due to excessive heat. Some sun visors are associated with light and mirrors to improve their appearance.
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The main affecting factor dominating the market's growth comprises rising demand for passenger safety and vehicle, fast urbanization, and a rise in the buying power of the customers. But the complicated design of the system and the nonappearance of the normal protocols for the growth of automotive sun visors are restraining the Automotive sun visor market size report. Moreover, the increase in demand for electric vehicles all over the globe offers potential opportunities for market development.
Consumers' consciousness of safety and security is quickly rising, which affects their buying behaviour. Companies are more worried about the security and safety of their vehicles. In addition, a rise in alertness among the customers is predicted to force the producing companies to use better quality tools for security and safety. Hence this is estimated to fuel the Automotive sun visor market size report while the predicted period.
Market segmentation
By Type
· Conventional Type
· LCD Sun Visor
By Material
· Fabric
· Vinyl
By Vehicle
· Passenger Vehicle
· Commercial Vehicle
· Electric Vehicle
By Sales
· OEM
· Aftermarket
Regional analysis
The Automotive sun visor market size report worldwide is segregated into four main regions: Europe, Asia-pacific, North America, and the rest of the world. The Asia-pacific region is predicted to have the biggest market share over the evaluation period due to the increasing population, rising vehicle penetration all over the world, and the varying lifestyle of the consumers.
However, the rising electrification of the vehicles is estimated to fuel the demand of the market because it safeguards the electric equipment of the vehicles. Therefore, the increase in demand for the safety characters of the vehicle and rising investment by private and public players to fuel the growth of the vehicle sector are donating to the progress of this market in this region.
Industrial news
The rising race in the market is captivating sellers to implement several growth policies such as advertising activities and spending on advertisements to expand the perceptibility of their services.
Report Attribute
Details
Forecast Period
2022 - 2030
Market Growth value
XX % CAGR
Revenue forecast in 2022-2030
USD XX billion
Base year for estimation
2021
Historical data
2019 – 2020
Unit
USD Billion, CAGR (2021 – 2030)
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