Rear-View Mirror Trends and Forecast
The future of the global rear-view mirror market looks promising with opportunities in the passenger car and commercial vehicle markets. The global rear-view mirror market is expected to reach an estimated $11.0 billion by 2030 with a CAGR of 3.8% from 2024 to 2030. The major drivers for this market are increasing consumer demand for cars with improved comfort, safety, and convenience, growing need for sophisticated mirrors, and increasing consciousness of shared mobility and connectivity.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Rear-View Mirror by Segment
The study includes a forecast for the global rear-view mirror by mounting location, product type, type, vehicle type, and region.
Rear-View Mirror Market by Mounting Location [Shipment Analysis by Value from 2018 to 2030]:
• Door Mounted
• Body Mounted
Rear-View Mirror Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:
• Smart Rear-View Mirror
• Conventional Rear-View Mirror
Rear-View Mirror Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Exterior Mirror
• Interior Mirror
Rear-View Mirror Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:
• Passenger Car
• Commercial Vehicles
Rear-View Mirror Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Rear-View Mirror Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies rear-view mirror companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the rear-view mirror companies profiled in this report include-
• Continental
• Murakami
• VALEO
• TOKAIRIKA
• SL Corporation
• Ishizaki Holdings
• GENTEX
• Ficosa Internacional
• Magna International
• Mitsuba
Rear-View Mirror Market Insights
Lucintel forecasts that exterior mirror will remain the larger segment over the forecast period.
Within this market, passenger car will remain the larger segment over the forecast period.
APAC will remain the largest region over the forecast period.
Features of the Global Rear-View Mirror Market
Market Size Estimates: Rear-view mirror market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Rear-view mirror market size by various segments, such as by mounting location, product type, type, vehicle type, and region in terms of value ($B).
Regional Analysis: Rear-view mirror market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different mounting locations, product types, types, vehicle types, and regions for the rear-view mirror market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the rear-view mirror market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the rear-view mirror market size?
Answer: The global rear-view mirror market is expected to reach an estimated $11.0 billion by 2030.
Q2. What is the growth forecast for rear-view mirror market?
Answer: The global rear-view mirror market is expected to grow with a CAGR of 3.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the rear-view mirror market?
Answer: The major drivers for this market are increasing consumer demand for cars with improved comfort, safety, and convenience, growing need for sophisticated mirrors, and increasing consciousness of shared mobility and connectivity.
Q4. What are the major segments for rear-view mirror market?
Answer: The future of the rear-view mirror market looks promising with opportunities in the passenger car and commercial vehicle markets.
Q5. Who are the key rear-view mirror market companies?
Answer: Some of the key rear-view mirror companies are as follows:
• Continental
• Murakami
• VALEO
• TOKAIRIKA
• SL Corporation
• Ishizaki Holdings
• GENTEX
• Ficosa Internacional
• Magna International
• Mitsuba
Q6. Which rear-view mirror market segment will be the largest in future?
Answer: Lucintel forecasts that exterior mirror will remain the larger segment over the forecast period.
Q7. In rear-view mirror market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the rear-view mirror market by mounting location (door mounted and body mounted), product type (smart rear-view mirror and conventional rear-view mirror), type (exterior mirror and interior mirror), vehicle type (passenger car and commercial vehicles), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Rear-View Mirror Market, Rear-View Mirror Market Size, Rear-View Mirror Market Growth, Rear-View Mirror Market Analysis, Rear-View Mirror Market Report, Rear-View Mirror Market Share, Rear-View Mirror Market Trends, Rear-View Mirror Market Forecast, Rear-View Mirror Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.