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Automotive Sun Visor Market Expected to Reach $11.5 Billion by 2033

 
Automotive Sun Visor Market Expected to Reach $11.5 Billion by 2033
2022
Automotive Sun Visor Market

Report Code : A07276

quote By material, the fabric segment dominated the global market in 2023, in terms of revenue, and is expected to lead the market throughout the forecast period. By vehicle type, the passenger vehicle segment dominated the global market in 2023. Region wise, the Asia-Pacific region is the highest revenue contributor, followed by Europe, North America and LAMEA. quote

Lalit Katare - Manager
Automotive and Transportation at Allied Market Research

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According to a new report published by Allied Market Research, titled, “Automotive Sun Visor Market," The automotive sun visor market size was valued at $7 billion in 2023, and is estimated to reach $11.5 billion by 2033, growing at a CAGR of 5.3% from 2024 to 2033.

The automotive sun visor market size was valued at $6,971.6 million in 2023 and is estimated to reach $11,507.8 million by 2033, exhibiting a CAGR of 5.3% from 2024 to 2033.

An automotive sun visor are a safety and comfort component which is installed in vehicles to protect the driver’s and front passenger’s vision from direct sunlight, automotive sun visors helps in reducing glare and improving road visibility. Sun visors also help prevent temporary blindness caused by bright sunlight or reflections, particularly during sunrise and sunset. This enhances driving safety and ensures that the driver maintains a clear line of sight on the road. Many modern sun visors are adjustable, allowing them to adjust both downward and sideways for optimal coverage. Some high-end sun visors models also integrate features like sunshade extensions, tinted panels, or electronic dimming technology to improve their effectiveness and convenience.

In recent years there has been a growing adoption of sustainable and lightweight materials for manufacturing of automotive sun visors. Additionally, with the growing focus on sustainability and fuel efficiency is further driving the adoption of lightweight and eco-friendly materials in the automotive industry. Automakers are shifting towards sustainable materials such as recycled plastics, plant-based composites, and biodegradable fabrics to reduce their environmental impact and comply with stricter emission regulations. These materials not only support sustainability goals but also help in weight reduction, which is crucial for improving fuel efficiency in traditional vehicles and extending battery range in electric vehicles.

Furthermore, lightweight sun visors contribute to overall vehicle weight reduction, enhancing performance, energy efficiency, and compliance with global fuel economy standards. Additionally, consumers are becoming more environmentally conscious, leading to a growing demand for interior components that are both durable and eco-friendly. Experiencing the demand for sustainable and lightweight materials resulted in manufacturers developing sun visors using high-strength yet lightweight materials that maintain functionality while offering better recyclability.

The demand for automotive sun visors is growing due to increasing consumer focus on improving driving comfort and safety. Moreover, as road safety regulations are become stricter, manufacturers are enhancing sun visors with features such as anti-glare coatings, illuminated vanity mirrors, and smart glass technology. Additional, the growing vehicle production around the world, and rising disposable incomes among consumers, with the growing demand for personalized car interiors further contribute to the growth of automotive sun visors market.

However, automotive sun visors being an integral part of a vehicle however, due to their higher cost its hinders the growth of the market to some extent. Modern sun visors are equipped with features such as anti-glare coatings, touchscreen displays, integrated lighting, and electronic shading systems which are more expensive than traditional sun visors.

Moreover, modern vehicles utilize premium materials, advanced technologies, and compliance with stringent safety regulations which further increases the automotive sun visor manufacturing costs. As a result, many budget-conscious consumers and vehicle manufacturers hesitate to invest in these high-end sun visors and opt for basic alternatives models.

Automobile manufacturers, especially those companies which manufactures economic and mid-range vehicles, face challenges in integrating expensive sun visor in their entry level vehicles. Additionally, the high cost of raw materials, such as specialized polymers and electronic components, further adds to the overall expense, making advanced sun visors less accessible in price-sensitive markets.

The global automotive sun visor market analysis is segmented into material type, vehicle type and region. On the basis of material type the market is analysed into fabric, vinyl and others. Based on vehicle type the automotive sun visor industry is analysed into passenger vehicle and commercial vehicles. Region wise the automotive sun visor industry is analysed into North America, Europe, Asia-Pacific and LAMEA. 

The key players profiled in the global automotive sun visor market include Piston Group, Gumotex, KASAI KOGYO CO., LTD., Marturfompak International, ContiTech AG, Rosco, Inc., Hansen International, Sun-N-Shade Sunvisors Pvt. Ltd., Grupo Antolin, and Daimay Automotive Interior Co.,Ltd

KEY FINDINGS OF THE STUDY

  • By material, the vinyl segment is anticipated to exhibit significant growth in the automotive sun visor market share in the near future.
  • By vehicle type, the passenger vehicle segment is anticipated to exhibit significant growth in the automotive sun visor market forecast in the near future.
 

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quote Automotive Sun Visor Market by Material (Fabric, Vinyl, Others), by Vehicle Type (Passenger Vehicles, Commercial Vehicles): Global Opportunity Analysis and Industry Forecast, 2024-2033 quote

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