The worldwide automotive sun visor market accounted more than 10 USD billion by the year 2026 and is estimated to rise at CAGR 3.2% throughout the forecast phase, 2019 to 2026.
The rise in demand for vehicles and the safety of passengers expected to increase demand for the automotive sun visor all through the forecast phase. Though, the high price of the raw materials and finally sun visor itself is the obstructing factor for the market growth. But it is expected to give favorable situations for the worldwide sun visor market with the growing demand for electric vehicles.
The automotive sun visor is divided by surface material, type of vehicle, sales channel and many more. Based on surface material the automotive sun visor is segmented into fabric and vinyl. On the basis of the type of vehicle the worldwide market is divided into passenger vehicles, electrical vehicle and commercial vehicles. Moreover, based on the sales channel, the market is segmented OEM and aftermarket.
On the basis of locations, the automotive sun visor market is segmented into Europe, Latin America, North America, Middle East Africa and Asia Pacific (LAMEA).
The increase in the number of light vehicles as well as strict safety norms is predictable to drive the sun visor market in the forecast period in North America. Additionally, LAMEA is estimated to have a slow growth rate due to the limited poor economic condition and industrial presence.
Furthermore, a large number of various players are involved in the market. Though, top international players dominated the market. Several companies are introducing products for strengthening their position in the market efficiently.