Rise in automobile production & sales, strengthened regulatory standards, and surge in aftermarket demand drive the global automotive sun visor market expansion.
Allied Market Research published a report, titled, “Automotive Sun Visor Market by Material (Fabric, Vinyl, and Others) andVehicle Type (Passenger and Commercial):Global Opportunity Analysis and Industry Forecast, 2024-2033”.According to the report, the global Automotive sun visor industry generated$6,971.6millionin 2023 and is anticipated to generate$11,507.8million by 2033, witnessing a CAGR of 5.3% from 2024 to 2033.
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Prime determinants of growth
The global automotive sun visor market has experienced significant growth and transformation, driven bysurge inautomobile production & sales, strengthenedregulatory standards, and rise inaftermarket demand. Moreover, increase in sales of electric vehicles and rise in adoption of sustainable and lightweight materials provide lucrative market growth opportunities during the forecast period.
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The fabric segment dominated the market in 2023.
By material, thefabric segment dominated the global market share in 2023 asmajor automakers are focusing on enhancing vehicle interiors, fabric sun visors are extensively being used, especially in premium and mid-range vehicles. In addition, fabric sun visors are more heat-resistant and less prone to warping or cracking in extreme temperatures and sunlight, making them ideal for regions with high heat exposure, such as the Middle East and parts of Asia-Pacific.
The passenger vehicle segment dominated the market in 2023.
By vehicle type, thepassenger vehicle segment dominated the global market share in 2023, owing to growing consumer expectations for comfort, safety, and technology. Modern car buyers are also demanding aesthetic and functional interiors, which is leading automakers to develop high-quality, premium sun visors with features such as illuminated vanity mirrors, auto-dimming visors, and touchscreen-integrated sunshades. Furthermore, there is growing demand for carbon fiber automotive sun visors in supercars and luxury vehicles as they are lightweight, rigid, and sleek aesthetics, making it a preferred material for automotive sun visors.
Asia-Pacific dominated the market in 2023.
By region, Asia-Pacific held the highest market share in terms of revenue in 2023owing toincrease in sales of personal vehicles and luxury vehicles. Forinstance, as of 2023, approximately 42.6 million passenger cars were sold in the region, in China,around 26 million units, and in India nearly 4.1 million units were sold.
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The luxury car segment in the region are also experiencing rapid sales growth. For instance, in 2024, Lamborghini reporteddelivering 113 cars, which is a 10% increase compared to 2023. Moreover, Mercedes-Maybach experienced a 145% growth during the same period, and sold over 500 vehicles. This growing sales of automobiles is attributed to the growing spending of younger population on high-end vehicles. Thus, the growing sales of personal and luxury vehicles are the major factor which are influencing the growth of automotive sun visors.
Leading Market Players: –
— Piston Group
— Gumotex
— KASAI KOGYO CO., LTD.
— Marturfompak International
— ContiTech AG, Rosco, Inc.
— Hansen International
— Sun-N-Shade Sunvisors Pvt. Ltd.
— Grupo Antolin
— Daimay Automotive Interior Co.,Ltd
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The report provides a detailed analysis of these key players in the global automotive sun visor market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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