Global Rear-view Mirror Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Rear-view Mirror Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Feature Type (Auto-Dimming, Blind Spot Detection, Power Control, Automatic Folding, Heating Function, and Others), Mounting Location (Door Mounted, and Body Mounted), Product Type (Smart Rear-View Mirror, and Conventional Rear-View Mirror), Type (Exterior Mirror, and Interior Mirror), Vehicle Type (Passenger Car, and Commercial Vehicles), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Rear-view Mirror Market was valued at USD 9,391.6 million in 2023 and is expected to reach USD 12,952.2 million by 2031 while growing at a CAGR of 4.1% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global Rear-view Mirror Market growth. A crucial safety feature in vehicles, the rear-view mirror provides drivers with visibility of the area behind and to the sides, aiding in accident prevention. Usually mounted inside the vehicle's cabin on the windshield or interior roof, it allows monitoring of adjacent lanes for other vehicles and obstacles.
Increasing adoption of advanced technologies like smart mirrors, equipped with cameras, sensors, and connectivity features, along with growing consumer awareness and demand for safety features, is propelling the rear-view mirror market. Nonetheless, the rising costs of advanced mirror technologies and the increasing adoption of autonomous vehicles pose potential obstacles to market expansion.
Furthermore, the global Rear-view Mirror industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Feature Type Analysis
The Global Rear-view Mirror Market is segmented among Auto-Dimming, Blind Spot Detection, Power Control, Automatic Folding, Heating Function, and Others, based on Feature Type. In 2023, Heating Function accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By Mounting Location Analysis
The Global Rear-view Mirror Market is segmented among Door Mounted, and Body Mounted, based on Mounting Location. In 2023, Door Mounted accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Rear-view Mirror Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while Europe is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are Continental AG, Murakami Corporation, VALEO, TOKAIRIKA, CO, LTD., SL Corporation., Ishizaki Holdings, GENTEX CORPORATION, Ficosa Internacional SA, Magna International Inc., and Mitsuba Corp.
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Rear-view Mirror Market Dynamics
Drivers
Restraints
Opportunity
4. Global Rear-view Mirror Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Rear-view Mirror Market Segmentation, By Feature Type
Global Rear-view Mirror Market Share Analysis, By Feature Type
Global Rear-view Mirror Market Growth Analysis, By Feature Type
Global Rear-view Mirror Market Trends, By Feature Type
o Auto-Dimming
o Blind Spot Detection
o Power Control
o Automatic Folding
o Heating Function
o Others
6. Global Rear-view Mirror Market Segmentation, By Mounting Location
Global Rear-view Mirror Market Share Analysis, By Mounting Location
Global Rear-view Mirror Market Growth Analysis, By Mounting Location
Global Rear-view Mirror Market Trends, By Mounting Location
o Door Mounted
o Body Mounted
7. Global Rear-view Mirror Market Segmentation, By Product Type
Global Rear-view Mirror Market Share Analysis, By Product Type
Global Rear-view Mirror Market Growth Analysis, By Product Type
Global Rear-view Mirror Market Trends, By Product Type
o Smart Rear-View Mirror
o Conventional Rear-View Mirror
8. Global Rear-view Mirror Market Segmentation, By Type
Global Rear-view Mirror Market Share Analysis, By Type
Global Rear-view Mirror Market Growth Analysis, By Type
Global Rear-view Mirror Market Trends, By Type
o Exterior Mirror
o Interior Mirror
9. Global Rear-view Mirror Market Segmentation, By Vehicle Type
Global Rear-view Mirror Market Share Analysis, By Vehicle Type
Global Rear-view Mirror Market Growth Analysis, By Vehicle Type
Global Rear-view Mirror Market Trends, By Vehicle Type
o Passenger Car
o Commercial Vehicles
10. Global Rear-view Mirror Market Segmentation, By Region
Global Rear-view Mirror Market Share Analysis, By Region
Global Rear-view Mirror Market Growth Analysis, By Region
Global Rear-view Mirror Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
11. Competitive Landscape
Continental AG*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
Murakami Corporation
VALEO
TOKAIRIKA, CO, LTD.
SL Corporation.
Ishizaki Holdings
Gentex Corporation
Ficosa Internacional SA
Magna International Inc.
Mitsuba Corp.
*Similar analysis will be provided for each company listed above.
