Automotive Sun Visor Market

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.

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