Quadintel has recently released a survey report focusing on the worldwide Rear-view Mirror Market. The study provides significant insights into growth strategies, prospects for business expansion, emerging trends and innovations, as well as the competitive landscape for the year 2023. Furthermore, the report includes a regional analysis encompassing North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa.
Global Rear-view Mirror Market to reach USD 11.65 billion by 2027.Global Rear-view Mirror Market is valued approximately at USD 8.85 Billion in 2020 and is anticipated to grow with a healthy growth rate of more than 4.0% over the forecast period 2021-2027.
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Rear-view mirror is a flat mirror present in automobiles and in other vehicles which is designed to allow the driver to see the rearward through vehicle’s rear window. The global Rear-view Mirror market is being driven by awareness regarding vehicle and passenger safety, trend of integration of additional features, as well as rise in demand for premium segment vehicles. Furthermore, integration of infotainment and navigation features and rise in automotive industry will provide new opportunities for the global Rear-view Mirror industry. For instance, according to International European Agency, in year 2020, Consumers spending on purchase of electric cars stood at USD 120 billion, which is increased about 50% as compared to year 2019, these breaks down into 41% increase in sales and 6% rise in average prices. As a result, increased in purchase of automotive vehicles will necessitate the use of more rear-view mirror in the manufacturing of different automobile parts, will serve as a catalyst for the Rear-view Mirror industry in the future. However, high cost of replacement of smart rear-view mirror, may impede market growth over the forecast period of 2021-2027.
Key Companies Covered in the Rear view Mirror Market Research are Continental ag, Ficosa International SA, Gentex Corporation, Ishizaki Honten Company, Limited, Magna International Inc., MITSUBA Corporation, Murakami Corporation, SL Corporation, Tokai rica, Co, Ltd., Valeo and other key market players.
The regional analysis of the global Rear-view Mirror Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. Increasing production of vehicles and increase in demand for luxury vehicles makes the Asia Pacific the leading region across the world in terms of market share. Whereas Europe is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027, due to presence of prominent luxury car manufacturers.
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Feature type:
Auto-dimming
Blind Spot Detection
Power Control
Automatic Folding
Heating Function
Others
By Mounting Location:
Door Mounted
Body Mounted
By Product type:
Smart Rear-view Mirror
Conventional Rear-view Mirror
By Type:
Exterior Mirror
Interior Mirror
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By vehicle Type:
Passenger Car
Commercial Vehicles
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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Core Chapters:
Chapter 1: Introduction: This chapter outlines the scope of the report and provides an executive summary of the different market segments, including the market size, future development potential, and evolution of the market in the short to mid-term and long term.
Chapter 2: Competitive Landscape: Here, we conduct a detailed analysis of the competitive landscape of market manufacturers, including price, output, and revenue market share, latest development plans, mergers, and acquisition information.
Chapter 3: Production and Value Analysis: This chapter provides a quantitative analysis of the production/output and value of market by region/country, identifying the market size and development potential of each region in the next six years.
Chapter 4: Consumption Analysis: We analyze the consumption of market in different regions and countries, introducing the market development, future prospects, market space, and capacity of each country in the world.
Chapter 5: Product Segment Analysis: This chapter provides an analysis of various market segments according to product type, covering the market size and development potential of each market segment.
Chapter 6: Application Segment Analysis: We analyze various market segments according to application, covering the market size and development potential of each market segment.
Chapter 7: Company Profiles: This chapter provides detailed profiles of key players in the market, including product production/output, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Industrial Chain Analysis: Here, we analyze the industrial chain, including the upstream and downstream of the industry.
Chapter 9: Sales Channel Analysis: We analyze the sales channel, distributors, and customers in this chapter.
Chapter 10: Market Dynamics Analysis: This chapter introduces the market dynamics, latest developments, driving factors, restrictive factors, challenges, and risks faced by manufacturers in the industry, along with an analysis of relevant policies.
Chapter 11: Production and Supply Forecast: We provide a production and supply forecast for the global and regional market.
Chapter 12: Consumption and Demand Forecast: This chapter provides a consumption and demand forecast for the global and regional market.
Chapter 13: Type and Application Forecast: We provide a quantitative analysis of the market size and development potential of each market segment in the next six years.
Chapter 14: Conclusion: Finally, we present the main points and conclusions of the report, providing readers with a comprehensive understanding of the market and its potential growth prospects.
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