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.
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.
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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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