Dublin, December 2, 2021 (Global News Agency)-"Rearview mirror market size, sharing and trend analysis report, by function type, installation location, product type, type, vehicle type (passenger car, commercial vehicle)" Vehicles), forecast by region and market segment, the 2021-2028 report has been added to ResearchAndMarkets.com’s products. By 2028, the global rearview mirror market is expected to reach 11.51 billion U.S. dollars. The compound annual growth rate is 4.1%. The COVID-19 pandemic has a negative impact on the demand for rearview mirrors in 2020. The implementation of global lockdown and social distancing regulations has led to losses in the automotive industry.
However, as the government gradually relaxes the blockade regulations and allows companies to conduct business under the requirements of maintaining social distancing, the market expects a period of respite in the short term. In addition, the growing demand for luxury cars, coupled with the growing demand for improved comfort, is expected to drive market growth. Automotive OEMs are focusing on integrating advanced safety features in rearview mirrors to improve visibility and reduce accidents. The rapid progress in product functions is expected to benefit market growth. Due to the increase in consumer spending power, the growing demand for luxury cars, especially in developing economies such as China and India, has also promoted the development of the market. According to data from the China Automobile Dealers Association, in April 2020, luxury car dealers sold 277,000 vehicles, an increase of 11.1% over the same period in 2019. In addition, it is expected that more and more luxury sport utility vehicles (SUVs) will be launched to help the market expand at a promising rate during the forecast period. The COVID-19 outbreak has had a serious and rapid impact on the global automotive industry. The total global automobile production declined year-on-year, mainly due to the decline in production in North America and Europe. According to data from the International Organization of Automobile Manufacturers (OICA), global automobile production in 2020 has fallen by more than 15% compared with 2019, to 77.6 million vehicles. The Asia-Pacific market accounted for about 50% of overall rearview mirror demand in 2020, and is expected to achieve the highest compound annual growth rate of 4.5% during the forecast period. The increasing awareness of technological progress and the increasing consumption power of customers are beneficial to the automotive industry in the region.
In addition, the increase in demand for luxury cars in India and the easy availability of new and replacement car parts have also driven the market in the region. In addition, Indian manufacturing activities are expected to attract substantial investment in the country's automotive industry, which has advantages such as low-cost labor and cheaper raw materials. Rearview mirror market report highlights
Key topics covered: Chapter 1 Methodology and Scope 1.1 Market Segmentation and Scope 1.2 Market Definition 1.3 Information Procurement 1.4 Information Analysis 1.5 Market Development and Data Visualization 1.6 Data Verification and Release Chapter 2 Executive Summary 2.1 Market Outlook Chapter 3 Market Variables , Trends & Scope 3.1 Penetration rate and growth prospect mapping 3.2 Rearview mirror-value chain analysis 3.3 Rearview mirror market dynamics 3.4 Rearview mirror industry analysis-Pestle 3.5 Rearview mirror industry analysis-Porter's Chapter 4 Rearview Mirror Market : Feature type estimation and trend analysis 4.1 Feature type movement analysis and market share, 2020 and 2028 4.2 Market size and forecast and trend analysis, 2016 to 2028 and the following content: 4.2.1 Automatic dimming 4.2.2 Blind spot detection 4.2 .3 Power Control 4.2.4 Automatic Folding 4.2.5 Heating Function 4.2.6 Other Chapter 5 Rearview Mirror Market: Installation Position Estimation and Trend Analysis 5.1 Installation Position Motion Analysis and Market Share, 2020 and 2028 5.2 Market Scale and Forecast and trend analysis, the following content from 2016 to 2028: 5.2.1 Door installation 5.2.2 Body installation Chapter 6 Rearview mirror market: product type estimation and trend analysis 6.1 Product type change analysis and market share in 2020 and 2028 6.2 Market scale and forecast and trend analysis from 2016 to 2028: 6.2.1 Smart Rearview Mirror 6.2.2 Traditional Rearview Mirror Chapter 7 Rearview Rearview Mirror Market: Type Estimation and Trend Analysis 7.1 Type Movement Analysis and Market Share, 2020 and 2028 7.2 Market size and forecast and trend analysis, 2016 to 2028 the following content: 7.2.1 Exterior rearview mirror 7.2.2 Endoscope Chapter 8. Mirror market: model estimation and trend analysis 8.1 model movement analysis and market share, 2020 and 2028 8.2 market size and forecast and trend analysis, 2016 to 2028 and below: 8.2.1 passenger cars 8.2.2 commercial vehicles Chapter 9. Rearview Mirror Market: Regional Estimation and Trend Analysis 9.1 2020 and 2028 Regional Change Analysis and Market Share 9.2 2016-2028 Market Size and Forecast and Trend Analysis: 9.2.1 North America 9.2.1.1 United States 9.2 .1.2 Canada 9.2.2 Europe 9.2.2.1 Germany 9.2.2.2 United Kingdom 9.2.3 Asia Pacific 9.2.3.1 China 9.2.3.2 Japan 9.2.3.3 India 9.2.4 Latin America 9.2.4.1 Brazil 9.2.4.2 Mexico 9.2.5 Middle East and Africa
Chapter 10 Competition Landscape 10.1 Analysis of Major Companies in 2020 10.2 Company Overview See the table above. For more information on this report, please visit https://www.researchandmarkets.com/r/sfs4or
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