Rear-View Mirror
Global Rear-View Mirrors Market to Reach $11.3 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Rear-View Mirrors estimated at US$8.7 Billion in the year 2020, is projected to reach a revised size of US$11.3 Billion by 2027, growing at aCAGR of 3.8% over the period 2020-2027. Smart, one of the segments analyzed in the report, is projected to record 4.5% CAGR and reach US$8.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Conventional segment is readjusted to a revised 2.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.4 Billion, While China is Forecast to Grow at 6.5% CAGR
The Rear-View Mirrors market in the U.S. is estimated at US$2.4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.2 Billion by the year 2027 trailing a CAGR of 6.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2% and 3.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.6% CAGR.
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