Global Safety Mirrors Industry

Global Safety Mirrors Industry

  • April 2022 •
  • 364 pages •
  • Report ID: 5959940 •
  • Format: PDF
Abstract:
What’s New for 2022?

- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to our digital archives and MarketGlass Research Platform
- Complimentary updates for one yearGlobal Safety Mirrors Market to Reach US$82.4 Million by the Year 2027

- Amid the COVID-19 crisis, the global market for Safety Mirrors estimated at US$61.7 Million in the year 2020, is projected to reach a revised size of US$82.4 Million by 2027, growing at a CAGR of 4.2% over the analysis period 2020-2027.Convex Safety Mirrors, one of the segments analyzed in the report, is projected to grow at a 4.2% CAGR to reach US$53.9 Million by the end of the analysis period.After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Flat Safety Mirrors segment is readjusted to a revised 3.6% CAGR for the next 7-year period. This segment currently accounts for a 20.8% share of the global Safety Mirrors market.

- The U.S. Accounts for Over 29.4% of Global Market Size in 2020, While China is Forecast to Grow at a 5.2% CAGR for the Period of 2020-2027

- The Safety Mirrors market in the U.S. is estimated at US$18.1 Million in the year 2020. The country currently accounts for a 29.41% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$12.7 Million in the year 2027 trailing a CAGR of 5.2% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 3.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR while Rest of European market (as defined in the study) will reach US$12.7 Million by the year 2027.

- Dome Safety Mirrors Segment Corners a 13.9% Share in 2020

- In the global Dome Safety Mirrors segment, USA, Canada, Japan, China and Europe will drive the 4.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$6.8 Million in the year 2020 will reach a projected size of US$9.4 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$7.6 Million by the year 2027, while Latin America will expand at a 5.9% CAGR through the analysis period.

- Select Competitors (Total 95 Featured) Ashtree Vision & SafetyBennett Mirror Technologies Ltd (BMT) - DuravisionClarke’s Safety Mirrors Ltd.Fred Silver & Co., Inc.Safe FleetSe-Kure Domes & Mirrors, Inc.Smartech Safety Solutions Pvt. Ltd.Walker Glass Company Ltd