Mirror Market 2022-2030: Growing Adoption of Smart Mirrors in Automotive and Retail Industry | Reports and data

Mirror market

The global mirror market size was USD 122.04 billion in 2021 and is expected to register a revenue CAGR of 7.8% over the forecast period.

NEW YORK CITY, NEW YORK, USA, July 7, 2022 /EINPresswire.com/ — Mirror market size was USD 122.04 billion in 2021 and is expected to register a revenue CAGR of 7.8% over the period forecast, according to a latest report by Reports and Data. The market revenue growth is expected to be driven by the growing demand for mirrors in interior design and decoration.

Mirrors enhance natural light and maximize the feeling of space in a home and help reduce energy costs. Therefore, a large number of architects and interior designers prefer to put mirrors for interior design and wall decoration purposes. With the increase in the construction of buildings and houses, the demand for mirrors is expected to accelerate the market revenue growth. New innovations in interior decoration and design are also expected to develop during the forecast period. According to the World Bank in the United States, in 2020 the global construction industry was valued at $22.04 trillion. These examples of commercial and residential building revenue growth in the construction mirror market play a pivotal role in driving demand.

In addition, mirror types such as plane mirrors, spherical mirrors, convex mirrors and crystal mirrors are widely adopted in various home and commercial decoration applications. A large number of developers and contractors install mirror panels to reduce energy costs. Also, rearview mirrors are widely adopted as a key component of automotive rearview mirror functionality. A large number of automobile manufacturing companies buy mirrors in the manufacture of cars and bicycles. These factors are driving the market revenue growth.

However, the purchase of low-cost mirrors from local glass and mirror manufacturers by several developers, interior designers and architects to reduce the cost of projects as well as war-related business situations and disruptions in the production resulting in fluctuations in the import prices of raw materials are expected. to restrain market revenue growth.

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Key Regional Markets Covered in the Report:

• North America
o United States
o Canada
o Mexico
• Europe
o Russia
o United Kingdom
o Germany
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Rest of Asia-Pacific
• Latin America
o Brazil
o Rest of Latin America
• Middle East and Africa
o Saudi Arabia
o Israel
o Rest of the Middle East and Africa

Top 10 Featured in Global Mirrors Market Report:

• Compagnie de Saint-Gobain SA,
• GTAT Corporation,
• Guardian Industries Holdings website,
• Asahi Glass Co. Ltd.,
• Nippon Sheet Glass Co., Ltd.,
• Xinyi Glass Holdings Limited,
• Others

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Market segmentation :

By product type
• Plane mirror
• Spherical mirrors
• Convex mirror
• Crystal mirror
• Others
By type of coating
• Soft coating
• Hard coating
• Others
By end-use channel
• Detail
• Building and apartments
• Automotive
• Others
By Outlook app
• Interior decoration
• Microscope
• Solar oven
• Health care
• Astronomy
• Others

Highlights of the Global Mirrors Market Report:

• A comprehensive overview of the global mirror industry.
• Accurate market projections in terms of market size, share and volume.
• In-depth study of global market dynamics such as key market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
• In-depth analysis of upcoming market trends.
• Qualitative and quantitative analyzes of the global mirror market.
• Elaborate study of major regional markets in the global Mirrors market.
• Complete overview of the competitive landscape of the market.
• Brief overview of company profiles and portfolios.

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Tushar Rajput
Reports and data
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