Emphasis on Type (Magnetic Car Sunshades, Car Roller Sunshades, Suction Cup Sunshades, Static Cling Sunshades, Retractable Sunshades, and Custom Fit Sunshades), Material (Nylon, Polyester, Fabric, and Metal), Vehicle Type (Hatchback, Sedan, SUV, Trucks, and Minivans), and Region/Country
Automotive Side Window Sunshades Market was valued at USD xx million in 2021 & is expected to grow at a CAGR of 15% from 2022-2030. The temperature inside the car tends to get absolutely high when parked unshaded or driving in summer times. According to some research on car cabins and dashboards, the temperature can elevate well above 140-200 degrees Fahrenheit, after just 60 minutes in the sun, exposure to which for even 10 minutes can lead to hyperthermia in humans. Furthermore, it damages the interiors of the cars by discoloring, cracking, and drying up plastic dash pads, UV rays dry out interior materials such as leather, vinyl, and other plastics, and fabrics, and also cause materials to evaporate releasing volatile organic compounds like benzene which is linked to anemia and poor immune systems in humans. Car window sunshades are low tech, low-cost solution for this and work very efficiently where it serves two purposes, keeping the interior of the car cool when parked or moving in the hot weather and also protecting against the damaging effects of ultraviolet rays making the ride comfortable and safe and has become a must-have in today’s scenario with longer and hotter summers due to global warming. For instance, on November 2022, World Meteorological Organization (WMO) published a report, according to that humanity is facing the warmest years in consecutive eight years which is going to go worse with rising temperatures across the globe where large parts of the northern hemisphere were exceptionally hot and dry where:
Some of the major players operating in the market include STE; Creative-Shades Industrial Co., Ltd; POYA-TECH CO., LTD; Eclipse SunShades., LTD; SNAPSHADES; KK Motors Inc; Groovy Shades (M) Sdn. Bhd; Dash Designs; AstroAI; and MACAUTO INDUSTRIAL CO., LTD.
Insights Presented in the Report
Based on the type, the market is segmented into magnetic car sunshades, car roller sunshades, suction cup sunshades, static cling sunshades, retractable sunshades, and custom-fit sunshades. Among these, the magnetic car sunshade category is going to grow at a significant CAGR during the forecasted period. The major reasons for this mass adoption of magnetic sunshades are they are easy to install and can be applied to car windows hassle-free, it tends to stay intact even when the window is down, are more durable, and work efficiently in keeping the car cool, provides better UV protection, and protects car interiors and electricals as it covers the whole window without any gap between the window and the sunshade and works as a single unit. Furthermore, they provide far better privacy in your car and add an elegant look to your car.
“North America dominated the automotive side window sunshades market in 2021.”
The automotive side window sunshades market in the North American region held the largest market share and is expected to maintain its growth throughout the forecast period. North America is one of the biggest markets of passenger vehicles with almost 287 million passenger cars running on American roads and has a penetration of an average of 1.88 vehicles per household in the US and around 700 cars per 1000 people in North America, making it one of the highest in the world. The fundamental forces that played out for this high penetration are the early adoption of passenger cars with the industrial revolution and the economy of America which has been built around the automobile industry. American society relies heavily on their cars making it the most used mode of transportation, where almost 75 percent of American commuters use their own car to travel between their home to work. Car travel being an everyday life event has created a significant market for car side window sunshades and with the summers getting hotter and longer the demand is only going to increase. Additionally, there is a promising provision for organized players to gain market share in the industry currently dominated by unorganized players offering substandard products and build a brand around it, as the demand is high with summers getting longer and hotter across the world. For instance, in August 2022, Scientific American, a magazine publisher based out of the US published that heat waves are breaking temperature records all over the world, in July 2022 there were harsh heat waves in Europe, china as well as in the United States where temperatures surpassed above 100 degrees F (40 degrees Celsius) across these regions.
Automotive Side Window Sunshades Market Report Coverage
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1. Market Introduction
2. Research Methodology Or Assumption
3. Market Synopsis
4. Executive Summary
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15. Value Chain Analysis
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17. Strategic Insights
18. Competitive Scenario
19. Company Profiled
20. Disclaimer
Research Methodology for the Automotive Side Window Sunshades Market Analysis (2022-2030)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global automotive side window sunshades market were the three major steps undertaken to create and analyze the adoption of automotive side window sunshades in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global automotive side window sunshades market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the automotive side window sunshades market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the automotive side window sunshades market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as type, material, and vehicle type. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the automotive side window sunshades market. Further, we conducted factor analysis using dependent and independent variables such as type, material, and vehicle type of the automotive side window sunshades market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the automotive side window sunshades market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global automotive side window sunshade market, and market shares of the segments. All the required percentage shares split and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global automotive side window sunshades market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of the type, material, and vehicle type in the global automotive side window sunshades market.
The main objective of the Global Automotive Side Window Sunshades Market Study
The current & future market trends of the global automotive side window sunshades market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
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