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Acumen Research and Consulting, A recent report published on "The Size, Action, Trends, Scope, Growth and Forecasts of the Sun Visor Market for the 2019-2026 Automotive Industry".
LOS ANGELES, July 06, 2019 (GLOBE NEWSWIRE) – The global car sun visor market exceeded $ 10 billion in 2026 and is expected to increase by 3.2% for a CAGR in the 2019-2026 forecast period.
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Increasing demand for vehicle and pbadenger safety is expected to boost automotive sun visor demand during the forecast period. In addition, the growing demand for fashionable sunshades, the steady growth of global vehicle production due to rapid urbanization and increased consumer purchasing power should stimulate the market for automotive sun during the forecast period. However, the high cost of raw materials and, ultimately, of the sunshade itself is the factor hindering the growth of the market. Considering that the growing demand for electric vehicles should create favorable conditions for the global sun visor market.
The automotive sun visor is segmented by surface material, sales channel, type of vehicle and type. Based on surface materials, the global automotive sun visor is segmented into vinyl and fabric. Based on the type, the global automotive sun visor market is divided into a conventional LCD sun visor. Depending on the type of vehicle, the global market is segmented into commercial vehicles, pbadenger cars and electric vehicles. On the basis of the sales channel, the market is segmented after-sales and OEM.
Based on the surface material, vinyl is widely used as a surface coating material for the sun visor in conventional vehicles because of its cost-effectiveness ratio greater than that of the fabric material. The high-end and luxury vehicles are equipped with cloth sunshades that reinforce the overall presence of the interior of these vehicles. The steady increase in sales of premium vehicles and SUVs is expected to boost tissue demand over the forecast period.
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Based on the type, the conventional segment dominates the automotive sun visor market and maintains its dominant position during the forecast period. The conventional segment is expected to grow during the forecast period due to its many benefits, such as ease of handling and installation, and lack of maintenance. In addition, the LCD sun visor is gaining popularity among consumers.
Depending on the type of vehicle, the pbadenger car segment holds a significant share of the market. The increase in the production of pbadenger vehicles in the world, due to various factors such as the strong demand for pbadenger vehicles of various consumers, rapid urbanization and falling bank interest rates , should blow up the segment of pbadenger vehicles.
Geographically, the automotive sun visor market is segmented in Asia Pacific, North America, Europe, Latin America and Middle East-Africa (LAMEA).
The Asia-Pacific region, among other geographic areas, dominates the global market for automotive sun visors due to the presence of a leading automotive industry in China, Japan, India and South Korea. The huge auto production in these countries is expected to propel the automotive sun visor market in this region. In addition, the booming economies and rising standard of living of the region's population are expected to increase the demand for automotive sun shades. In addition, the increase in the number of light-duty vehicles and strict safety standards should stimulate the sun visor market in North America during the forecast period. LAMEA is expected to experience low growth rates due to limited industrial presence and poor economic conditions. In addition, the experience of the strong growth recorded by the African region during the forecast period due to the presence of huge players and the changing lifestyle of the region's population should propel the growth of the market. of the African region.
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Irvin Automotive Products, Inc., GUMOTEX, BRACE, GRIOS sro, Grupo Antolin, Atlas Holdings, KASAI KOGYO CO., LTD., HOWA TEXTILE INDUSTRY CO., LTD. KÖBO GmbH & Co. KG, FOMPAK and KB Foam Inc. Following the presence of gigantic competitors, many players have adopted the organic strategy of acquisition and collaboration to cope with the increasing competition. Key players focus on acquisitions and product launches, which helps to increase geographic reach and minimize competition in the marketplace. While local actors offer their products at low prices to stay in the market. A number of different actors are involved in the market. However, the market is dominated by the major international players. Many companies are launching products to strengthen their position in the market. For example, in September 2016, the Piston group of companies expanded their business by acquiring Irvin Automotive Products. The group has become one of Michigan's largest automotive supplier groups. A record sale of more than $ 1.8 billion is expected in 2016.
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