Assessment of the Global Rear-View Mirror Market 2020-2027 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Rear-View Mirror - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Rear-View Mirror Market to Reach US$13.9 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for Rear-View Mirror estimated at US$10.7 Billion in the year 2020, is projected to reach a revised size of US$13.9 Billion by 2027, growing at a CAGR of 3.8% over the period 2020-2027.

Conventional, one of the segments analyzed in the report, is projected to grow at a 3.2% CAGR to reach US$10.3 Billion 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 Smart segment is readjusted to a revised 5.6% CAGR for the next 7-year period. This segment currently accounts for a 23.2% share of the global Rear-View Mirror market.

The U.S. Accounts for Over 27% of Global Market Size in 2020, While China is Forecast to Grow at a 6.9% CAGR for the Period of 2020-2027

The Rear-View Mirror market in the U.S. is estimated at US$2.9 Billion in the year 2020. The country currently accounts for a 26.98% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$2.9 Billion in the year 2027 trailing a CAGR of 6.8% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.2% and 2.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.9% CAGR while Rest of European market (as defined in the study) will reach US$2.9 Billion by the year 2027.

The publisher brings years of research experience to this 9th edition of the report. The 384-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:

• Continental AG
• Ficosa International SA
• FLABEG Automotive Holding GmbH
• Gentex Corporation
• Honda Lock Mfg. Co. Ltd.
• Ichikoh Industries Ltd.
• Ishizaki Honten Company Limited
• Magna International, Inc.
• Mitsuba Corporation
• Mobvoi HK Limited
• Murakami Corporation
• Sakae Riken Kogyo Co. Ltd.
• Samvardhana Motherson Group
• SL Corporation
• Tokai Rika Co. Ltd.

Total Companies Profiled: 42

For more information about this report visit https://www.researchandmarkets.com/r/4zqqpw