Safety Mirrors Market is Estimated to Reach USD 80.20 Million By 2030: Cognitive Market Research

Global Safety Mirrors Market Overview:
A safety mirror is a type of mirror designed to improve safety in various environments. It is made of high-quality shatterproof glass or plastic and mounted to minimize the risk of breakage and injury in the event of an accident. Safety mirrors are used in a variety of environments, such as warehouses, factories, hospitals, and parking lots, to provide a wide field of view, allowing users to see around corners and blind spots. It is also used to enhance security by allowing monitoring of areas that are otherwise difficult to monitor.

Summary:
As per the study of CMR, The Global Safety Mirrors Market Size Was Valued at USD 54.83 Million In 2022 And is Expected to Grow at a CAGR Of 4.87 % During the Forecast Period, Reaching USD 80.20 Million By 2030.

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Market Dynamics:
What are the driving factors for the safety mirrors market?
The rising number of car accidents across the globe along with increasing traffic congestion is the main driving factor contributing to the growth of the safety mirrors market during the forecast period. for example, every year the lives of nearly 1.3 million people are cut short as a result of a road traffic crash. Around 20 to 50 million more people suffer non-fatal injuries, with many incurring a disability as a result of their injury. Additionally, growing concerns about safety and security in public places have driven market growth over the forecast period.
However, a lack of awareness about the benefits of safety mirrors may obstruct the growth of the safety mirrors market in near future. Further, the recent advancement of smart mirrors which can be integrated with surveillance systems and other safety features is expected to create great opportunities for the market during the forecast period.

Market Segmentation:
Global safety mirrors market product type segmentation:
• Convex Safety Mirror
• Flat Safety Mirror
• Dome Safety Mirror
The convex safety mirror segment is a major revenue contributor in terms of product type, convex mirrors are increasingly installed in cities in an effort to reduce the increasing number of road accidents that have happened over the last few years.

Global safety mirrors market application segmentation:
• Commercial
• Residential
• Others
Based on application, the commercial segment held a significant share in 2022 owing to the commercial mirrors being significantly used in retail stores, offices, and other commercial settings to provide an attractive and functional reflection. Commercial safety mirrors are made from high-quality materials that are designed to withstand harsh environments and they are easy to clean.

Competitive Analysis of Safety Mirrors Market:
Fred Silver, DuraVision, Ashtree Vision & Safety, Se Kure Domes & Mirrors, H2, Clarke's Safety Mirrors, Smartech Safety Solutions, Safe Fleet Bus & Rail, Walker Glass Company, CS Mirrors, Lester L. Brossard Company

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Asia Pacific is expected to grow at the highest CAGR during the forecast period.
As per CMR analysis, Asia Pacific is expected to grow at the highest CAGR during the forecast period. The growth of market is significantly growing in the region due to the rapid growth of urbanization and infrastructure development in many countries including India and China. This is leading to an increase in traffic congestion, which in turn is driving demand for safety mirrors to enhance visibility and safety on the roads. The Asia Pacific region is also the main hub for many large manufacturers of safety mirrors, which are exporting their products to other regions around the world.

Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Safety Mirrors Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Safety Mirrors Market Segmentation
1.5.1 Safety Mirrors Market Regional Fragmentation
1.5.1 Safety Mirrors Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Safety Mirrors Market
• 3.1 Global Safety Mirrors Market Size 2018 - 2030, (USD Million)
• 3.2 Global Safety Mirrors Value, Absolute & Opportunity Analysis
• 3.3 Global Safety Mirrors Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Safety Mirrors Market Statistics 2022: Snapshot
Chapter 4 Global Safety Mirrors Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Safety Mirrors Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Safety Mirrors Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Safety Mirrors Market Regional Analysis
Chapter 12 North America Safety Mirrors Market Outlook (2018 - 2030)
Chapter 13 Europe Safety Mirrors Market Outlook (2018 - 2030)
Chapter 14 Asia Pacific Safety Mirrors Market Outlook (2018 - 2030)
Chapter 15 Latin America Safety Mirrors Market Outlook (2018 - 2030)
Chapter 16 Middle East and Africa Safety Mirrors Market Outlook (2018 - 2030)
Chapter 17 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
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Related Report:
• Convex safety mirror market- https://www.cognitivemarketresearch.com/convex-safety-mirror-market-report
• Mirror market- https://www.cognitivemarketresearch.com/mirror-market-report
• Concave mirror market- https://www.cognitivemarketresearch.com/concave-mirror-market-report
• Wall Mirror Market- https://www.cognitivemarketresearch.com/wall-mirror-market-report

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