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(Transportation-News.com, October 18, 2018 ) This report covers the present scenario (with the base year being 2017) and the growth prospects of global Automotive Rear view Mirror market for 2018-2023.
Automotive Rear-view Mirror is a mirror in automobiles, designed to allow the driver to see rearward through the vehicle's backlight. It is an important auto part in vehicles for the safety of drivers. The mirror is not ground flat -- the front glass surface is at an angle to the back (mirrored) surface. So if you looked at this mirror out of its casing, it would be wedge-shaped with the thicker edge at the top.
China (about 28% in 2015) is the largest consumer of Automotive Rear-view Mirror and is expected to retain the higher growth rate during the next five years due to strong growth in automotive industry. China and India have witnessed a major chunk of the production and consumption of Automotive Rear-view Mirror in the Asia Pacific region. Actually, many foreign car rearview mirror manufacturers enter into Chinese market by investment or joint venture with domestic companies. At present, the major companies in China are Magna Tangnali Tangnali, MSR, Ficosa, Ichikon and Changchun Fawer.
The second place is Europe (with the sales market share of 23%); following North America with the sales market share of 21%.
Automotive Rear-view Mirror industry can be classified into Exterior Mirrors and Interior Mirrorsis. Report data showed production market 67% of Exterior Mirrors type, and 33% of Interior Mirrorsis in 2015.
Over the next five years, this report projects that Automotive Rear-view Mirror will register a 2.1% CAGR in terms of revenue, reach US$ 8310 million by 2023, from US$ 7320 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Rear-view Mirror market by product type, application, key manufacturers and key regions.
To calculate the market size, this report considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Exterior Mirrors
Interior Mirrors
Segmentation by application:
Passenger Vehicles
Commercial Vehicles
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
SMR
Magna
Gentex
Ficosa
Murakami Kaimeido
MEKRA Lang
SL Corporation
Ichikoh
Flabeg
Shanghai Lvxiang
Beijing Goldrare
Sichuan Skay-View
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Automotive Rear-view Mirror consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Automotive Rear-view Mirror market by identifying its various subsegments.
Focuses on the key global Automotive Rear-view Mirror manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Automotive Rear-view Mirror with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Automotive Rear-view Mirror submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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