New York, US, Oct. 19, 2022 (GLOBE NEWSWIRE) -- According to a comprehensive research report by Market Research Future (MRFR), “Automotive Side Window Sunshades Market Research Report: Information By Type, By Sales, By Vehicles ,By Region-Forecast till 2030, the market is anticipated to acquire a valuation of approximately USD 18.2 Billion by the end of 2030. The reports further predict the market to flourish at a robust CAGR of over 17% during the assessment timeframe.
Automotive Side Window Sunshades Market Overview:
The Automotive Side Window Sunshades Market is proliferating, witnessing rising demand worldwide. Growing preference for customized side window sunshades tailored to better fit any car window dimensions for multipurpose use is a major market trend. Besides, improvements in window sunshades designed for long or short-term parking conditions, traveling periods, and daily use positively impact market growth.
Competitive Landscape
Players leading the Automotive Side Window Sunshades Market include-
- BOS Group
- Macauto Industrial
- Ashimori Industry
- Webasto Group
- Inteva Products
- EZ-Bugz/EZ-Cling
- Window Sox
- Car Shades
- Hauck
- X-ShadeCitroen
- Brica
- Eclipse Sunshade
- Kassa Inc.
- Dreambaby
- Inalfa Roof Systems Group
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Premium quality window sunshades are customized with utmost precision, tailored with the finest quality polyester cloth to offer unmatched protection with features like anti-glare, heat control, privacy shield, and UV protection. The spurring rise in automotive sectors worldwide is a major driving force. With the rapid economic growth worldwide, automotive production has been increasing continually.
Rising developments of new sophisticated technologies boost Automotive Side Window Sunshades Market growth, creating lucrative opportunities in the automotive industry. Besides, the growing population and vehicle ownerships allow side window sunshades to garner popularity. Rapid growth in passenger car production increases the demand for side window sunshades.
With improvements in manufacturing efficiency, window sunshades today are available in customized forms designed for customer requirements, like robust, reliable, and perfect for everyday use. Increasing research & development initiatives by automotive manufacturers, shifting production bases to advantageous locations for enhanced short-distance supply, and reducing the overall costs substantiate the market growth.
Report Scope:
| Report Metric | Details |
| Revenue forecast in 2030 | USD 18.2 Billion |
| Growth Rate | CAGR of 17% from 2022 to 2030 |
| Base Year | 2021 |
| Study Period | 2022-2030 |
| Key Market Opportunities | New product launches and R&D Amongst major key Players |
| Key Market Drivers | Growing technological advancement in side window glass |
Fiercely competitive, the Automotive Side Window Sunshades Market appears fragmented, with several players forming a competitive landscape. These market players initiate strategies such as expansion, collaboration, and mergers & acquisitions. Leading window sunshade manufacturers strive to set up state-of-the-art production facilities in emerging regions where ample raw materials are available. Such expansions in product lines help them extend manufacturing capacity and establish their leading position in these countries.
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Industry Trends
The Automotive Side Window Sunshades Market outlook appears promising due to major innovations in manufacturing techniques and material developments. The increasing consumer preference for window sunshades influences market growth. Rapid developments in window sunshades impact the market growth positively. Increasing technological advancements and demand for luxury cars foster market growth.
Conversely, challenges associated with designing and manufacturing window sunshades are significant factors that impede the market growth. Also, fluctuating prices and the demand-supply gap in raw materials used to manufacture window sunshades hamper market development. Nevertheless, the rising focus on increasing product developments would increase the market size throughout the review period, offering more vehicle efficiency.
The COVID-19 disruptions hit the automotive side window sunshade industry severely. Besides, lockdown mandates disturbed supply chains, and industry players faced several challenges, such as obtaining raw materials, attracting workforces, and delivering products to the market. However, the vehicle-side window sunshade industry is rapidly rebooting and regaining momentum, witnessing augmented demand from automotive sectors that are growing exponentially worldwide.
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Automotive Side Window Sunshades Market Segments
The Automotive Side Window Sunshades Market is segmented into types, sales channels, vehicles, and regions. The type segment is sub-segmented into roller/retractable and suction cups. Among these, the roller/retractable segment is anticipated to grow at a significant CAGR over the assessment period. The sales channel segment is sub-segmented into in-built and aftermarket. Of these, the aftermarket segment accounts for a higher market share and is expected to grow at a significant CAGR in future years.
The vehicle segment is sub-segmented into passenger, premium/luxury, light, and heavy commercial vehicles. Among these, the premium/luxury vehicles segment accounts for a sizeable share and is expected to register at a significant CAGR over the review period. The region segment is bifurcated into the Asia-Pacific, MEA, Americas, Europe, and rest-of-the-world.
Geographical Analysis
Europe accounts for the largest market for Automotive Side Window Sunshades Market. The increasing consumer preference and demand for comfort features in vehicles boost the Automotive Side Window Sunshades Market size. The rapid economic growth, alongside the presence of well-known automotive manufacturers, OEMs, and automotive side window sunshade manufacturers in the region, pushes market revenues.
Besides, increasing investments in product development foster the region’s Automotive Side Window Sunshades Market share and create substantial market opportunities. The growing adoption of window sunshades in passenger vehicles across the region creates vast market demand. Additionally, rapid urbanization & industrialization and changing lifestyles of people in the region bolster the market rise. Advances in manufacturing techniques that help develop novel functionalities in sunshades influence market growth.
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North America is another lucrative market for automotive side window sunshades. Increased production and sales of automobiles, alongside the increasing preference for side window sunshades among car owners, substantiate the market size. Additionally, the presence of major manufacturing companies in this region contributes to higher production.
The Automotive Side Window Sunshades Market is brisk in the Asia Pacific region. Car-side window sunshade businesses in the APAC are overgrowing amidst a revival in the passenger car segment, witnessing significant demand. The presence of large production facilities and a consumer base escalates the market value. Also, the ample availability of raw materials and lower labor costs are key driving forces behind the increased market shares. Significant investments by leading manufacturers in the region create many market opportunities.
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