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Global Fogless Mirrors Market Expected to Reach $787.1 Million by 2026

02-27-2020 11:10 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
Global Fogless Mirrors Market Expected to Reach $787.1 Million

" Fogless Mirrors Market by Type, End Use, and Sales Channel: Global Opportunity Analysis and Industry Forecast, 2019-2026," the global fogless mirrors market size was valued at $494.1 million in 2018, and is projected to reach $787.1 million by 2026, registering a CAGR of 6.1% from 2019 to 2026.

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Fogless mirrors consist of a special coating that prevents fogging. Hydrophilic coated anti-fog film on mirrors spreads moisture into even layers thus preventing mist drops formation which obscures vision. Anti-fog coating on mirrors improves the overall visual clarity, prevents steaming of surface and enhances overall safety by curtailing the impact of shattering glass. In addition, fogless mirrors are easy to maintain with the help of household cleaners. The multiple benefits of fogless mirrors have resulted in its widespread adoption from both the residential and commercial sector.

Engaged stakeholders in the fogless mirrors industry are now coming up with out of the box ideas in order to gain attention from the consumers. For instance, Viribus has introduced a portable anti-fog three way mirror, which is a compact fogless mirror used while travelling. Another notable example includes magnifying fogless mirrors. These adjustable magnifying fogless mirrors can magnify five times for better visibility of face. In addition, the fogless mirrors are now becoming much more durable due to introduction of advanced materials. Shatter-proof high-quality acrylic material have been introduced to extend the product life. Acrylics are 17 times stronger than that of glass. As a result, mirrors made up of acrylic can withstand great impacts, collisions, and crashes. High strength of acrylic mirror has resulted in its widespread adoption for fogless mirrors. Such novel innovations are expected to continue to augment the fogless mirrors market growth in the upcoming years.

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The global market is segmented into type, end use, sales channel, and region. Depending on type, the fogless mirrors market is bifurcated into portable and stationary. The market also segments global market by end use into residential and commercial. Based on sales channel, the global market is studied across offline and online channels. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA

Key Findings of the Study:

Asia-Pacific leads in terms of the fogless mirrors market share and is expected to retain its dominance during the forecast period.
U.S. was the highest contributor to the North America fogless mirrors market, with $66.5 million in 2018. The country is expected to generate revenue of $92.6 million towards the end of the forecast period.
Based on type, the stationary segment dominated in terms of market share in 2018, and is expected to maintain the same in the upcoming years.
The residential segment accounted for about 79% share of the fogless mirrors market in 2018,and is poised to grow at significant CAGR during the forecast period.
The online sales channel segment is anticipated to gain significant traction in the upcoming years and is expected to witness CAGR of 7.7% during the forecast period.
Based on region, Asia-Pacific is anticipated to grow with a robust CAGR of 6.5% during the forecast period.
The global fogless mirrors market remains fragmented with the presence of high number of regional players concentrated in Asia-Pacific region mainly China.
Some of the key players in the fogless mirrors market analysis includes Foshan Sino Hardware Products Co., Ltd., WeProFab, The Shave Well Company, New Home Bath & Mirror Inc., Zadro Products, Inc., Henan Jiazhidong Sanitary Ware Co., Ltd., YD Valve Co. Ltd., Shanghai Bagen Electronic Science & Technology Co., ToiletTree Products, Inc., Electric Mirror, Inc. among others

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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

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