Automotive Rear View Mirror Market to Reach US$11.13 Billion by 2022, Rising Sales of SUVs to Propel Demand, Noted TMR

News provided by

Mar 26, 2019, 07:30 ET

ALBANY, New York, March 26, 2019 /PRNewswire/ -- The global automotive rear view mirror market depicts a competitive and consolidated landscape. Some players in the automotive rear view mirror market such as Gentex Corporation, Magna International, Ficosa, Samvardhana Motherson, and Murakami hold the majority of total shares. Transparency Market Research (TMR) reports that innovation and technological advancements are key to gaining a competitive edge in the global automotive rear view mirror market.

The global automotive rear view mirror market is also witnessing the emergence of robust competition in the form of relatively new and smaller players. Along with technological advancements, and emergence of new players; acquisitions are also paving way for growth in the market. Recently, Gentex acquired Homelink, a company which provided a vehicle-based home linking system. The acquisition signals the next frontier in the global automotive rear view mirror market. This would involve creating smart systems with a synergy between homes, users, vehicles, and public infrastructure.

Get PDF Brochure for Research Insights at: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=30575

The global automotive rear view mirror market was evaluated at US$8.96 bn in 2017. It is anticipated to register a 4.4% CAGR during 2017-2022 to reach US$11.13 bn by the end of forecast period. Major players in the market are finding considerable traction in the flat mirror segment, which held 27.9% share of the total revenue in 2017.

Region wise, North America and Europe held the largest share of the global automotive rear view mirror market in 2017. Additionally, Asia Pacific region is also anticipated to register the fastest growth during 2017-2022.

Request a Sample of Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=30575

Rising Sales of SUVs Boost the Automotive Rear View Mirror Market

SUVs are a prime candidate for the integration of automotive rear view mirror market. Additionally, SUV sales are on the rise, especially in emerging regions such as Asia Pacific. These vehicles are often associated with prestige and status, unlike other small vehicles. The large size of these vehicles often blocks a rear end view for many consumers, especially people shorter in height. Additionally, SUVs are often purchased for large families, making safety an essential feature. This coupled with high prices of SUVs are expected to drive significant demand for the automotive rear view mirror market in the near future.

Have Any Query? Ask Our Industry Expert: https://www.transparencymarketresearch.com/sample/sample.php?flag=ASK&rep_id=30575

Urbanization a Growing Opportunity Restrained by High Product Costs

Rapid urbanizations and space limitations in large cities are expected to drive sales of automotive rear view mirrors. Due to fast-paced and congested urban life, it is important for most vehicle owners to park quickly, and at the same ensure completely safety to themselves. High costs of products in the automotive rear view market are expected to pose a challenge here. However, more tie-ups with vehicle manufacturers, growing mandates of vehicle safety, and increased costs of insurance are expected to drive significant growth for the automotive rear view mirror market.

Urbanization is also expected to open significant opportunities for companies in the automotive rear view mirror market. Although automotive technology represents higher initial and replacement costs for users, the technology also offers advantages such as dimming rear view mirrors. Further economies of scale, and addition of digital integration are expected to provide numerous more benefits for consumers in the near future.

Request For Discount On This Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=30575

This review is based on the findings of a TMR report, titled, "Automotive Rear View Mirror Market (Product-type - Flat Mirror, Convex Mirror, Aspheric or Wide Angle Mirror, Two Piece Spotter Mirror, and Two Piece Tow Mirror; Feature-type - Heated, Manual Adjusted, Power Adjusted, Auto Dimming or Electrochromatic, Signal, Cross Path Detection, and Blind Spot Detection; Position - Side, Windshield, Dashboard, and Interior Roof; Vehicle-type - Compact Passenger Cars, Mid-sized Passenger Cars, Premium Passenger Cars, Luxury Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022".

Browse Press Release: https://www.transparencymarketresearch.com/pressrelease/automotive-rear-view-mirror-market.htm

The global Automotive Rear View Mirror Market is segmented as below:

Product

Flat Mirror
Convex Mirror
Aspheric or Wide Angle Mirror
Two Piece Spotter Mirror
Two Piece Tow Mirror

Feature

Heated
Manual Adjusted
Power Adjusted
Auto Dimming or Electrochromatic
Signal
Cross Path Detection
Blind Spot Detection

Position

Side
Windshield
Dashboard and Interior Roof

Vehicle

Compact Passenger Cars
Mid-sized Passenger Cars
Premium Passenger Cars
Luxury Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles

Region

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Browse More Automotive & Transport Market Research Reports

Popular Research Reports by TMR:

Trailer Axle Market - https://www.transparencymarketresearch.com/trailer-axle-market.html
Aerospace Battery Technology Market - https://www.transparencymarketresearch.com/aerospace-battery-technology-market.html
Automotive HVAC System Market - https://www.transparencymarketresearch.com/automotive-hvac-system-market.html

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

Contact

Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: [email protected]
Website: https://www.transparencymarketresearch.com
Research Blog: https://tmrblog.com/