The Car Accessories Market Size was valued at USD 9.2 billion in 2023 and is expected to reach USD 13.11 billion by 2032 and grow at a CAGR of 4% over the forecast period 2024-2032.
An automotive sun visor can double as a sunroof in vehicles and is often installed on the leading edge of the roof panel inside the passenger compartment of the vehicle. The sun visor is protected from the interior of the car by a separate auxiliary glass or an extended piece of the windshield glass. This leaves the body of the sun visor open to the passenger compartment. By shielding the driver and passenger from the sun's glare, the sun visor serves an important role in ensuring the safety of drivers and passengers. Direct sunlight can damage the vehicle's audio system if it isn't kept out of the vehicle's cabin at all times. Mirrors and lights are sometimes placed into sun visors to make them more eye-catching.
Since an excessive amount of heat can be harmful to the audio system in the vehicle, the sun visor blocks direct sunlight to help keep the interior of the vehicle at a more comfortable temperature. As a consequence of this, it helps improve the longevity of the electronics in the car. Sun visors are now an essential component of today's vehicles, and their addition improves the way the interior of the vehicle looks in general. The automotive sun visor market is likely going to be driven in the coming years by the expansion of the popular a la mode sun visors, and the anticipated expansion in vehicle production across the globe, which can be inferred from the rapid urbanization that is occurring, and the ascent in the purchasing power of buyers.
KEY DRIVERS:
Governments are encouraging the use of electric vehicles as a means of reducing greenhouse gas emissions.
Rise in response to an increase in the manufacturing of electric vehicles.
The demand for vehicle sun visors is expected to rise due to an increase in demand for passenger safety.
RESTRAINTS:
The high cost of raw materials and the sun visor itself is a barriers to market development.
Key to the market's restraints is the complex nature of the system itself.
OPPORTUNITIES:
Electric car demand is increasing over the world, which could lead to market expansion.
Rapid urbanization.
The rise in consumer spending power.
CHALLENGES:
The growth is projected to be challenged by technological advancements in the vehicle's smart glass.
Lack of regular procedures for automobile sun visor creation.
Even before the pandemic, the automotive industry was having difficulties in several nations. However, as a result of the lockdown, the market's supply and demand have virtually disappeared. Each country's automotive sales are predicted to be affected by the coronavirus. The sun visor market for automobiles is also projected to be impacted by this. In several markets, the supply chain has been completely wiped out by the virus, and it is expected to take some time for the supply chain to fully recover. When the global economy inevitably recovers, the virus may compel corporations to speed their investment in factory automation, although this is expected to take some time. Workers throughout the world have been sent home as a result of the virus, which has shut down facilities around the world. It has revealed that human employees have not been widely displaced with advanced factory automation.
The global market has been divided into conventional types, and LCD sun visors based on the type segment. It is anticipated that the conventional market category will continue to have the majority share of the automobile sun visor market throughout the period covered by the research. The LCD sun visor is becoming increasingly popular among customers because, in addition to its primary function, it also offers an additional function that enables passengers to play DVDs while they are inside the vehicle. This double-duty functionality has contributed to the product's rising demand.
Market, By Material Type:
The global market has been divided into fabric, vinyl, and others based on the material type segment. The vinyl material segment currently holds the largest share of the sun visor market. Vinyl is a considerably more cost-effective option than fiber for many applications. With its use in high-end automobiles, the fabric sun visor category is predicted to keep its second-largest share of the market in terms of revenue.
Market, By Vehicle Type:
The global market has been divided into passenger cars and commercial vehicles based on the vehicle type segment. The passenger cars category currently holds the largest share of the sun visor market. Because of the ongoing growth in the market for passenger vehicles around the world, there is a good chance that demand for sun visors will expand over the course of the projected period.
By Type:
Conventional Type
LCD Sun Visor
By Material Type:
Fabric
Vinyl
Others
By Vehicle Type:
Passenger cars
Commercial vehicles
.png)
The global market for car accessories has been segmented into the following regions: North America, Europe, Asia Pacific, the Middle East, and Africa, and Latin America. As a result of the presence of significant automotive industries in China, Japan, India, and South Korea, the Asia Pacific region now holds the largest share of the global market for car sun visors. It is anticipated that the Asia Pacific region will occupy a proportion of the worldwide market that is greater than 50 percent. It is projected that the increase in vehicle production across the area will boost the market for automotive sun visors during the period covered by the projection. The car accessories market in China is likely to be driven throughout the forecast period by a growth in the production and sales of electric vehicles, particularly in China. It is projected that the growing popularity of electric vehicles in Europe would lead to an increase in the number of sun visors used in the automotive sector. During the time of the forecast, the market for sun visors in North America is anticipated to be driven by factors including an increase in the number of light cars and severe safety requirements.
REGIONAL COVERAGE:
North America
The USA
Canada
Mexico
Europe
Germany
The UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The Major Players are Irvin Automotive Products, Inc, GRIOS S.R.O, Grupo Antolin, GUMOTEX, OTOTRIM Sanayi, Atlas Holding, KASAI KOGYO CO., LTD., HOWA TEXTILE INDUSTRY CO., LTD., Ticaret A.Ş. Panel, FOMPAK, and KB Foam Inc. & Other Players.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 9.2 Billion |
| Market Size by 2032 | US$ 13.11 Billion |
| CAGR | CAGR of 4% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Type (Conventional Type, LCD Sun Visor) • by Material Type (Fabric, Vinyl, Others) • by Vehicle Type (Passenger cars, Commercial vehicles) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Irvin Automotive Products, Inc (US), GRIOS S.R.O (Czech Republic), Grupo Antolin (Spain), GUMOTEX (Chez Republic), OTOTRIM Sanayi, Atlas Holding (US), KASAI KOGYO CO., LTD. (Japan), HOWA TEXTILE INDUSTRY CO., LTD. (Japan), Ticaret A.Ş. Panel (Turkey), FOMPAK (Turkey), and KB Foam Inc. (US) |
| Key Drivers | • Governments are encouraging the use of electric vehicles as a means of reducing greenhouse gas emissions. • Rise in response to an increase in the manufacturing of electric vehicles. |
| RESTRAINTS | • The high cost of raw materials and the sun visor itself is a barriers to market development. • Key to the market's restraints is the complex nature of the system itself. |
Ans:- The market forecast period is 2024-2032 according to the study report.
Ans:- The vinyl material segment is anticipated to show the highest growth in demand.
Ans:- Increase in the manufacturing of electric vehicles and an increase in demand for passenger safety are the primary market drivers for Car Accessories Market.
Ans:- Yes.
Ans:- The study includes a comprehensive analysis of market trends, as well as present and future market forecasts. DROC analysis, as well as impact analysis for the projected period. Porter’s five forces analysis aids in the study of buyer and supplier potential as well as the competitive landscape etc.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Car Accessories Market Segmentation, By Type
8.1 Conventional Type
8.2 LCD Sun Visor
9. Car Accessories Segmentation, By Material Type
9.1 Fabric
9.2 Vinyl
9.3 Others
10. Car Accessories Market Segmentation, By Vehicle Type
10.1 Passenger cars
10.2 Commercial vehicles
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 the USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 the UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Grupo Antolin (Spain),
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Irvin Automotive Products, Inc (US)
12.3 GRIOS S.R.O (Czech Republic)
12.4 GUMOTEX (Chez Republic)
12.5 OTOTRIM Sanayi
12.6 Atlas Holding (US)
12.7 KASAI KOGYO CO., LTD. (Japan)
12.8 HOWA TEXTILE INDUSTRY CO., LTD. (Japan)
12.9 Ticaret A.Ş. Panel (Turkey)
12.10 FOMPAK (Turkey)
12.11 KB Foam Inc. (US)
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
14. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Automotive Night Vision System Market Size was valued at USD 3.65 Billion in 2023 and is expected to reach USD 10.56 Billion by 2032 and grow at a CAGR of 12.58% over the forecast period 2024-2032.
The Automotive Solenoid Market size was USD 5.03 Billion in 2023. It is expected to grow to USD 8.80 Bn by 2032 and grow at a CAGR of 6.41% by 2024-2032.
The Electric Vehicle Battery Charger Market Size was USD 11.9 billion in 2023 and will reach USD 73 billion by 2032 and grow at a CAGR of 22.4% by 2024-2032.
The Automotive Keyless Entry Systems Market Size was valued at USD 1.98 billion in 2023 and is expected to reach USD 4.78 billion by 2031 and grow at a CAGR of 9.92% over the forecast period 2024-2031.
The Tugboat Market Size was valued at USD 492.19 Million in 2023 and is expected to reach USD 1127.74 Million by 2032 with a growing CAGR of 9.65% over the forecast period 2024-2032.
The Ventilated Seats Market Size was valued at USD 9 billion in 2023 and is expected to reach USD 14.57 billion by 2032 and grow at a CAGR of 5.5% over the forecast period 2024-2032.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
