Loading, Please Wait...

CST: 23/07/2019 08:27:30   

Growing Safety Awareness to Propel the Global Automotive Rear View Mirror Market, Noted TMR

18 Days ago

Increasing Demand for Premium SUVs Reflecting Positively on the Automotive Rear View Mirror Market

Albany, New York, July 05, 2019 (GLOBE NEWSWIRE) -- A recent report by Transparency Market Research provides a detailed analysis of global automotive rear view mirror market. The report covers various facets such as notable developments, major drivers, opportunities provided by the market. According to the report the global automotive rear view mirror market has a distributed competitive landscape. Various players dominate the market and influx of various new entrants is intensifying the competition. In order to establish themselves in the competitive market, the new entrants are adopting strategies such as mergers, collaborations, and partnerships. In order to maintain their dominance in the market the established players are acquiring various small and medium scale businesses. This allows the players to expand their resource banks and production capacity with further results in better future in global automotive rear view mirror market.

Some of the key players of the global automotive rear view mirror market are Gentex Corporation, Samvardhana Motherson, Magna International, Murakami, and Ficosa, whereas some of the other promising players are Honda Lock Manufacturing, FLABEG, Ichikoh Industries Ltd., and SL Corporation.

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

According to the report the global automotive rear view mirror market is expected to grow moderately with a 4.4% CAGR in the forecast period. Moreover, the market is projected to generate revenue of US$11.13 Bn by the end of the projected tenure of 2017 to 2022.

The global automotive rear view mirror market is categorized on the basis of product type, feature type, position, and vehicle type. Out of these categories, the flat mirror type segment under product type category is expected to show maximum growth in the global automotive rear view mirror market. The growth of the segment is attributed to rising growth in the number of vehicles across the globe.

Geographically, the global automotive rear view mirror market has its presence in North America, Europe, South America, Asia Pacific, and Middle East and Africa. Out of these regions, North America and Europe are expected to be the most lucrative market for global automotive rear view mirror market in the forecast period. The growth of the market is attributed to growing awareness and stringent regulation for the safety while driving in the region. Owing to these benefits, North America and Europe are expected to be the leaders among various other regions of global automotive rear view mirror market.

Request PDF Brochure of Report at https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=30575

Rising Number of Vehicles across the Globe to Fuel the Growth of the Market

Growing number of vehicles majorly drives the growth of global automotive rear view mirror market across the globe. Rising awareness regarding passenger’s and vehicle’s safety is another factor that is propelling the growth of global automotive rear view mirror market. Moreover, increasing demand for safety features in the vehicles is another factor that is promoting the growth of global automotive rear view mirror market in the forecast period.

Moreover, rising disposable income of people in growing economies is one of the major factors that is influencing the growth of global automotive rear view mirror market in the forecast period of 2017 to 2022. Also, rapid urbanization is yet again a crucial factor for the growth of global automotive rear view mirror market in the projected duration.

Request for Custom Research at https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=30575

High Cost of Replacement is to dampen the Growth in the Forecast Period

Despite of the various factors to promote the growth, the global automotive rear view mirror market has to face man challenges in the forecast period which might hamper the growth of the market. The market has to face the major challenge of high cost that is involved in the replace of the rear view mirrors. This is stopping the users to approach the vendors for new set of rear view mirrors. Owing to this, the growth of global automotive rear view mirror market may lose its pace in the forecast period. Nevertheless, integration of infotainment and navigation application such as radar, camera, and LED technologies are opening new opportunities in the global automotive rear view mirror market.

The article is listed by Transparency Market Research 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 on the basis of:

  • Product-type
    • Flat Mirror
    • Convex Mirror
    • Aspheric or Wide Angle Mirror
    • Two Piece Spotter Mirror
    • Two Piece Tow Mirror
  • Feature-type
    • Heated
    • Manual Adjusted
    • Power Adjusted
    • Auto Dimming or Electrochromatic
    • Signal
    • Cross Path Detection
    • Blind Spot Detection
  • Position
    • Side
    • Windshield
    • Dashboard
    • Interior Roof
  • Vehicle-type
    • Compact Passenger Cars
    • Mid-sized Passenger Cars
    • Premium Passenger Cars
    • Luxury Passenger Cars
    • Light Commercial Vehicles
    • Heavy Commercial Vehicles
  • Region
    • North America
      • Canada
      • U.S.
    • Europe
      • UK
      • Germany
      • France
      • Italy
      • Spain
      • Russia
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Australia and New Zealand
      • Rest of Asia Pacific
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Middle East & Africa
      • GCC countries
      • South Africa
      • Rest of Middle East & Africa

Browse More Automotive & Transport Market Research Reports

Popular Report by TMR:

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: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com
Research Blog: https://techdadz.com/

Is your business listed correctly on America’s largest city directory network of 1,000 portals?