Global Automotive Sun Visor Market 2019-2023
About this market
The rapid growth in the automotive industry, especially the premium automotive segment had propelled the demand for high-value automotive sun-visors. High priced automotive interiors are installed in premium cars which are not offered in other vehicle segments. The high sales of premium vehicles in developed economies due to ongoing trend of premiumization among consumers. This will result in increasing production of premium automotive interior parts for luxury cars. The high growth in the sales of premium cars will further boost the demand for high-value automotive sun visor applications. Therefore, the increasing demand for premium vehicles will drive the growth of automotive sun visor market. The global automotive sun visor market size will grow by over USD 212.5 million during 2019-2023.
Improved safety features and comfort provided by sun visor
A sun visor blocks direct sunlight and helps to prolong the life of the vehicle’s electronic components. Therefore, to enhance driving experience provided by sun visors in expected to drive the market growth.
Incurring extra cost for designing apt sun visors
The automotive sun visor manufacturers need to design sun visor to match the dimension required by the consumers which incur R&D cost and pose a challenge for automotive sun visor vendors.
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The global automotive sun visor market is fairly fragmented and the market being in growth phase, the competition among companies is intense. The governments of various countries are setting up new fuel efficiency standards. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.’
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