US Automotive Rear View Mirror Market Size and Growth Analysis to 2025
The automotive rearview mirror market in the USA is estimated to grow at a CAGR of around 6% during the forecast period. Nowadays, rearview mirrors are designed in various sizes and shapes which can also be attached to drivers helmet for motorcycles.
The automotive rearview mirror enhances the better vision for the driver by reflecting the image of the road behind the vehicle. The increasing production of automobiles combined with the new innovations by the technological advancements are supposed to promote the rearview mirror market in the USA in the coming years.USA is dominating the market revenue shares due to an increase in the transportation and rapid adoption of advanced technologies.
The safety measure has become a main concern for the buyers, which is majorly driving the automotive rearview mirror market growth. The rapid increase in the population demand transportation, where automobile industries are set to meet the requirement is additionally bolstering the market growth.
However, the rearview mirror fails in harsh environmental conditions, which is a challenging factor for the manufacturers in this market. The violations in strict rules and regulations by automobile industries are also restraining the growth of the market.
The development of automatic vehicles is establishing a lucrative grip for the growth opportunities in the next coming years. Exterior design of the rearview mirrors, which offers better visibility with effective functionality, the automotive rearview mirror market growth is propelled in the US.
In terms of type, the automotive rearview mirror market is segmented into an exterior and interior rear-view mirror. The interior rearview mirror segment is anticipated in leading the market demand with its varied utilization in automobile industries.
The US is dominating the market revenue shares, owing to an increase in transportation and also quick adoption of advanced technologies. The development of smart devices for monitoring clear visibility and enhancing smooth driving are burgeoning the growth of the market in this region.
Geographically, this report split US into several key Regions, with
- The Northwest
- The Northeast
- The Southwest
- The West
US Automotive Rear View Mirror market competition by top manufacturers/players, with Automotive Rear View Mirror sales volume, price, revenue (Million USD) and market share for each manufacturer/player; the top players including
- Gentex Corporation
- Magna International
- Ichikoh Industries
- Ficosa Internacional SA
- Samvardhana Motherson Reflectec
- SL Corporation
- Lumax Automotive Systems Ltd
- Flabeg Automotive Holding GmbH
- Murakami Corporation
- Valeo SA
- Magna International
- Continental AG
- Tokai Rika
- Honda Lock Mfg
On the basis of product, this report displays the sales volume, revenue, product price, market share and growth rate of each type, primarily split into,
- Flat Mirror
- Convex Mirror
- Wide Angle Mirror
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume, market share and growth rate for each application, including
- Passenger Car
- Commercial Vehicle