Automotive Rear-View Mirror Market 2019 Global Analysis, Size, Growth, Share, Merger, Competitive Analysis, Trends, Regional And Industry Forecast To 2023
According to Automotive Rear-View Mirror Market 2019 Global Industry Analysis To 2023 report on “Global Automotive Rear-View Mirror Industry” published by Market Research Future, The Global Automotive Rear-View Mirror Market to rise at a CAGR of 6% by 2023.
Pune, India – June 10, 2019 /MarketersMedia/ —
Automotive Rear-View Mirror Market 2019 Global Industry Analysis To 2023 report published by Market Research Future. Global Automotive Rear-View Mirror Market Information by Mounting Position (Body, Door), By Location, By Technology, By Features (Power Controlled, Auto Dimming, Turn Signal, Blind Spot Detection, Auto Foldable), By Vehicle Type, Region – Global Forecast to 2023.
Major Automotive Rear-View Mirror Companies covered in the market report include FLABEG Holding GmbH (Germany), Ficosa International S.A. (Spain), Magna International Inc. (Canada), Gentex Corporation (U.S.), SL Corporation (South Korea), and Burco Inc. (U.S.). Valeo SA (France), Lumax Automotive Systems Ltd (India), Honda Lock Manufacturing (Japan), Ichikoh Industries, Ltd. (Japan), and Murakami Corporation (Japan) are among others.
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Global Market Highlights:
Global Automotive Rear-View Mirror market has seen remarkable growth; expected to rise at a CAGR of 6%. Technological advancements, ability to block headlights of other cars with smart mirrors, increasing demand for advanced safety measures are factors that can impact the automotive rear-view mirror market. Rear-view mirrors assist in driving and keep drivers aware of his surroundings. This helps drivers enjoy a better driving experience. This has made the inclusion of rear-view mirror mandatory in cars of both affordable and luxury ranges.
There are many factors responsible for the growth of the automotive rearview mirror market globally. Firstly, the global automotive sales have seen a steady increase due to the increase in the purchase power of people the world over. Secondly, the safety features used in the automobiles have seen a drastic shift due to increased vehicle movement. Thirdly, the automobile manufacturers have to deal with the tremendous competition in the automotive field and thus to differentiate their product offering, they offer state of the art technological features at competitive prices to stay ahead of the curve.
Segmentation:
Mounting position, location, technology, and features are the four major segments in which MRFR segmented the global automotive rear-view mirror market for a better understanding. This study focuses more on the data-centric analysis to provide a good grasp of the entire market during the forecast period.
By mounting position, the automotive rear-view mirror market can be segmented into body-mounted and door-mounted. The door-mounted variety has the maximum market taker. And it is getting significant market traction due to the ease and freedom the system provides. Also, the feasibility in changing the part as per requirement is providing the segment much thrust.
Based on the location, the automotive rear-view mirror market can be segmented into an interior rear-view mirror and exterior rear-view mirror. Both varieties enjoy significant market penetration. However, the interior rearview mirror gets better customization options. At present, this can be transformed from a normal screen to a digital screen. This offers drivers a better scope in managing their driving style.
Based on the technology, the automotive rear-view mirror market can be segmented into a conventional rear-view mirror and smart rear-view mirror. The smart rear-view mirror segment is costly but comes with a lot of options. The conventional one is far more cost-effective and is perfect for cheaper car models.
Based on the features, the automotive rear-view mirror market can be segmented into power-controlled, auto dimming, turn signal indicator, blind spot detection, and auto foldable. The signal indicator, auto folding option and power-controlled are three types gaining substantial traction in the market. However, in luxury cars, segment features such as the auto dimming mirror and blind spot detection gain substantial acknowledgment.
Regional Outlook:
Based on region, the market is segmented based on North America, Asia Pacific, Europe, and Rest of the World.
The customers in U.S. and Canada generally prefer large SUVs and mini trucks, which require parking assistance systems, thus making this region a strong prospect for rearview mirror market growth.
The Europe region is known for sale of high-end cars, which can be fitted with this system to provide a more seamless driving experience. The Asia Pacific region is seeing consistent automobile sales for a long time. Due to the increased purchase power, people in this region are willing to spend a little extra for safety and security thus underlining the importance of this region for the growth of the rearview mirror system.
The report for Global Automotive Rear-View Mirror Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance.
Table of Contents:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
5 Global Automotive Rear-View Mirror Market, By Mounting Position
5.1 Introduction
5.2 Body Mounted
5.2.1 Market Estimates & Forecast, 2017-2023
5.2.2 Market Estimates & Forecast By Region, 2017-2023
5.3 Door Mounted
5.3.1 Market Estimates & Forecast, 2017-2023
5.3.2 Market Estimates & Forecast By Region, 2017-2023
6 Global Automotive Rear-View Mirror Market, By Location
6.1 Introduction
6.2 Interior Rear-View Mirror
6.2.1 Market Estimates & Forecast, 2017-2023
6.2.2 Market Estimates & Forecast By Region, 2017-2023
6.3 Exterior Rear-View Mirror
6.3.1 Market Estimates & Forecast, 2017-2023
6.3.2 Market Estimates & Forecast By Region, 2017-2023
7 Global Automotive Rear-View Mirror Market, By Technology
7.1 Introduction
7.2 Conventional Rear-View Mirror
7.2.1 Market Estimates & Forecast, 2017-2023
7.2.2 Market Estimates & Forecast By Region, 2017-2023
7.3 Smart Rear View Mirror
7.3.1 Market Estimates & Forecast, 2017-2023
7.3.2 Market Estimates & Forecast By Region, 2017-2023
Continued…
List of Tables:
Table 1 Global Automotive Rear-View Mirror Market: By Region, 2017-2023
Table 2 North America Automotive Rear-View Mirror Market: By Country, 2017-2023
Table 3 Europe Automotive Rear-View Mirror Market: By Country, 2017-2023
Table 4 Asia Pacific Automotive Rear-View Mirror Market: By Country, 2017-2023
Continued…
List Of Figures:
FIGURE 1 Research Process Of MRFR
FIGURE 2 Top Down & Bottom Up Approach
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 6 Porter’s Five Forces Analysis
FIGURE 7 Value Chain Analysis
Continued…
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