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Global Sun Visor Market to Grow at a CAGR of 2.6% in the Forecast Period of 2022-2027, Aided by the Development of Future Ready Sun Visor Technology

According to a new report by EMR titled, ‘Global Sun Visor Market Report and Forecast 2022-2027’, the global sun visor industry is expected to grow at a CAGR of 2.6% during the forecast period of 2022-2027.

The Asia Pacific region is projected to hold a significant share in the overall market growth of sun visors. This is attributable to the wide presence of the automotive sector in countries, such as China, Japan, and South Korea. In addition, with the rising demand for personal vehicles as a result of inflating disposable incomes, advancements in vehicle technology, and rising health consciousness among consumers are leading factors promoting the growth of vehicle production in the region thereby correspondingly augmenting the demand for sun visors in the region. Moreover, with implementation of numerous strict regulations for road safety, sun visors have become necessary in vehicle manufacturing as they aid in protecting the driver’s eyes from sun glares and protect the electric equipment in vehicles. These factors are collectively boosting the market growth of sun visors in the Asia Pacific region.

Bosch (NSE: BOSCHLTD), a leading market player, recently announced the introduction of future sun visors in January 2020. Due to the increasing number of accidents caused by sun glares, Bosch’s new virtual visors significantly improves driver safety and comfort. The virtual visor features a single, transparent LCD display, a driver facing camera within built AI facial detection and analysis and analysis software. Since the visor is made up of a transparent glass, it enables the driver to view the complete road which is otherwise hampered with traditional sun visors. Such developments by leading market players are furthering the market growth of sun visors globally.

Market Analysis by Surface Material, Type, Vehicle Type, Sales Channel, and Region:

  • Based on surface material, the market can be divided into fabric and vinyl, among others.
  • The market, based on type, can be categorised into conventional type and LCD sun visors.
  • Based on vehicle type, the market can be segmented into passenger vehicle and commercial vehicle.
  • On the basis of sales channel, the market can be classified into original equipment manufacturer (OEM) and aftermarket.
  • The major regional markets for the product include North America, Latin America, Europe, the Asia Pacific and the Middle East and Africa.

Key Findings of the Report:

  • The market is being driven by the robust deployment of sun visors in vehicles to protect the driver and passengers from sunlight, which may otherwise cause accidents.
  • The flexible composition of the sun visors, designed with a hinged flap, allows users to adjust the visor according to their needs. This has been significantly contributing towards the growth of the market.
  • Stringent government regulations mandating the deployment of sun visors in vehicle manufacturing is augmenting the growth of the market.
  • The development of advanced visor technology such as transparent glass sun visors are expected to have a positive influence over the growth of the market.

Key Offerings of the Report:

  • The EMR report gives an overview of the global sun visor industry for the periods (2017-2021) and (2022-2027).
  • The report also offers historical (2017-2021) and forecast (2022-2027) markets for surface materials, types, vehicle types, sales channels, and major regions.
  • The report analyses market dynamics, covering the key demand and price indicators in the market along with an assessment of the SWOT and Porter’s Five Forces Model.

The major players in the global sun visor 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 comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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