Press release
Automotive Mirror Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast - 2022 to 2028
The global automotive mirror market is anticipated to grow at a moderate CAGR of 3.1% during the forecast period (2022-2028). The rising production coupled with sales of passenger vehicles and commercial vehicles is anticipated to drive the demand for the automotive mirror market. As per the data published by India Brand Equity Foundation (IBEF) in 2022, India has sold 3.49 million units in passenger and commercial vehicle categories. In October 2021, the total production volume of passenger vehicles reached 2,214,745 units. The luxury car market had registered sales between 28000-33000 units in 2021, up from 20000-21000 units sold in 2020. Moreover, Rolls-Royce CEO Torsten Muller Otvos stated that the company had sold 5,586 vehicles to customers in more than 50 countries during the COVID-19 pandemic. Further Bentley, a unit of Volkswagen AG stated that the company has recorded global sales of 31.0% for high-end vehicles in 2021, whereas BMW stated that the company had achieved sales of 2.2 million vehicles in 2021.A full report of Automotive Mirror Market is available at:https://orionmarketreports.com/automotive-mirror-market/102859/
Looking toward the demand for automotive mirrors, key market players are adopting various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in March 2021, Ford Motor Co. introduced a Smart Mirror. This mirror contains a high-definition screen that displays a panoramic view behind the van. This mirror assists the drivers to spot pedestrians, cyclists, and other vehicles that are behind the vehicle. These mirrors could benefit businesses by reducing the need for expensive accident damage repairs.
Moreover, in October 2020, post winning new business across multiple vehicle models, Magna's CLEARVIEW technology is anticipated to enter the market in 2022. The Clearview technology is a combination of mirror technology and camera to provide drivers with an enhanced field of view. The Clearview exterior mirror integrates a camera with US regulatory compliant side view mirror to display a live feed inside the vehicle. Thus, such launches are anticipated to drive the growth of the global automotive mirror market.
Market Coverage
The market number available for - 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered-
By Application
By Vehicle Type
By End-User
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- Magna International Inc., Gentex Corp., and Automobile Parts, Co., Ltd., among others
Key questions addressed by the report
What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How has COVID-19 impacted the market?
Deviation from the pre-COVID-19 forecast
Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?
Global Automotive Mirror Market Report by Segment
By Application
Interior Mirror (Basic, Auto-Dimming, and Multi-Functional),
Exterior Mirror (Basic, Medium, Premium, Commercial and Auto-Dimming Mirrors)
By Vehicle Type
Passenger Cars
Light-Duty Vehicles
Medium & Heavy-Duty Vehicles
By End-User
OEM
Aftermarket
Media Contact:
Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404
About Us:
Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Mirror Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast - 2022 to 2028 here
News-ID: 2611805 • Views: …
More Releases from Orion Market Reports
Module Power Supply Market to see Huge Growth by 2031
The Module Power Supply Market is experiencing substantial growth, fueled by increasing demand for efficient, compact, and reliable power solutions across a wide range of industries. These power supplies, which convert electrical power to a suitable form for specific applications, are essential in sectors like telecommunications, automotive, medical devices, and consumer electronics. With technological advancements and rising energy efficiency needs, the market is expected to continue expanding, driven by innovations…
Plasma Spray Guns Market to see Rapid Growth by 2031
The Plasma Spray Guns Market is witnessing significant growth, driven by the rising demand for surface coating and thermal spray applications across industries such as aerospace, automotive, manufacturing, and electronics. Plasma spray guns are widely used for depositing coatings on substrates to enhance their properties, including wear resistance, corrosion resistance, and thermal protection. As industries continue to focus on improving product performance and durability, the plasma spray gun market is…
Plasma Surface Treatment Machine Market Will Generate Record Revenue by 2031
The Plasma Surface Treatment Machine Market is witnessing significant growth as industries increasingly adopt plasma surface treatment technology for enhancing the properties of materials. Plasma surface treatment machines are used to modify the surface characteristics of materials like metals, plastics, and ceramics, offering improvements in adhesion, corrosion resistance, and wear resistance. As the demand for advanced surface treatments rises across automotive, electronics, packaging, and manufacturing sectors, the market for plasma…
Plasma Torch Market Value Projected to Expand by 2031
The Plasma Torch Market is experiencing rapid growth, driven by the increasing demand for high-precision cutting and welding technologies in industries such as manufacturing, automotive, aerospace, and construction. Plasma torches are essential tools in thermal cutting applications, offering fast and accurate cuts on various materials, including metals, plastics, and composites. With advancements in plasma cutting technology and the growing need for energy-efficient solutions, the market for plasma torches continues to…
More Releases for Mirror
Lumina Pro Mirror Review - The Best Lighted Mirror Brand for 2025?
In the world of beauty and lifestyle tech, one brand has been turning heads quite literally and figuratively. Lumina Pro is fast becoming a favorite among beauty enthusiasts, influencers, and interior design aficionados thanks to its cutting-edge lineup of lighted mirrors.
But does it live up to the hype in 2025? Let's take a closer look and review this mirror brand and see how it holds up.
What Is Lumina Pro?
Lumina Pro…
Freeform Mirror Market
Freeform Mirror Market Overview
Freeform mirror is a type of lens that uses a free-form surface, typically composed of a single or multiple non spherical surfaces. Unlike traditional spherical lenses, Freeform Mirror can be personalized according to the physiological structure and visual needs of the human eye, in order to better adapt to the visual needs of different groups of people.
This report provides a deep insight into the global Freeform Mirror…
Aspheric Mirror Market Massive Growth opportunity Ahead | Gentex, Magna, Electri …
Exactitude Consultancy has recently released a comprehensive research report titled "Aspheric Mirror Market Insights, Extending to 2032." This publication spans over 110+ pages and offers an engaging presentation with visually appealing tables and charts that are self-explanatory.
The extensive Aspheric Mirror market report conducts market research to assist clients in predicting investment in a growing market, expanding their market share, or achieving success with a new product. Various insights about the…
Mirror Coatings Market: Rising Demand for Mirror Coatings in Construction Sector …
In recent years, the global mirror coatings market has been experiencing an upward trend due to growing demand from the automotive and construction industries. Mirror coatings find their application in the automotive and transportation sector in rear-view and vanity mirrors of a wide range of cars. Moreover, the growing demand from the construction industry as a vital structural component, cladding material, and insulation material is propelling the global mirror coatings…
LED Smart Makeup Mirror Market by Top Key players: Simplehuman, MUID, Electric M …
LED Smart Makeup Mirror Market Size, Status and Forecast 2021-2027
This report studies the LED Smart Makeup Mirror Market with many aspects of the industry like the market size, market status, market trends and forecast, the report also provides brief information of the competitors and the specific growth opportunities with key market drivers. Find the complete LED Smart Makeup Mirror Market analysis segmented by companies, region, type and applications in the…
Global Industry Analysis of Mirror and Anti-corrosive Mirror Coatings
Mirror and Anti-corrosive Mirror Coatings Market: Introduction
Transparency Market Research delivers key insights on the global mirror and anti-corrosive mirror coatings market. In terms of revenue, the global mirror and anti-corrosive mirror coatings market is estimated to expand at a CAGR of 6.1% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global mirror and anti-corrosive mirror coatings market.…
