NEW YORK, Dec. 16, 2016 /PRNewswire/ -- The global automotive mirror market is expected to reach an estimated $9.0 billion by 2021. The global automotive mirror market is forecast to grow at a CAGR of 4.5% from 2016 to 2021. The major drivers of growth for this market are increase in vehicle production and increasing content of electronic technology in vehicles.
Emerging trends, which have a direct impact on the dynamics of the industry, include the introduction of hybrid full display mirror system and development of blind spot monitoring and cross path detection systems.
A total of 164 figures / charts and 56 tables are provided in this 202-page report to help in your business decisions. Sample figures with some insights are shown below.
The study includes a forecast for the growth opportunities in global automotive mirror market by application, end-user, vehicle type, and region as follows:
By Application [Volume (Million Units) and $ billion from 2010 to 2021]:
Interior Mirror Basic Mirror Auto-Dimming Mirror Multi-Functional Mirror Exterior Mirror Basic Mirror Medium Mirror Premium Mirror Commercial Mirror Auto-Dimming Mirror
By End-user [Volume (Million Units) and $ billion from 2010 to 2021]:
By Vehicle Type [Volume (Million Units) 2015 & 2021]:
Passenger Car Commercial Vehicle
By Region [Volume (Million Units) and $ billion from 2010 to 2021]:
North America Europe Asia Pacific Rest of the World
Magna International Inc., Samvardhana Motherson Group, Gentex Corporation, Ficosa International, and Murakami Kaimeido are the major mirror suppliers in the global automotive mirror market. Some companies are opting for merger & acquisition as strategic initiatives for driving growth.
On the basis of its comprehensive research, Lucintel forecasts that the interior mirror segment is expected to show above average growth during the forecast period. Within the global automotive mirror market, the OEM segment is expected to remain as the largest market. Increase in vehicle production and changes in the government policies are the major factors, which would spur growth for this segment over the forecast period.
APAC is expected to remain the largest market due to large vehicle production and rising customer's concern towards their safety and comfortability. Asia Pacific and Rest of the World are expected to witness significant growth over the forecast period because of increasing penetration of auto-dimming mirrors in vehicles in developing countries to follow government regulations on vehicular safety.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the automotive mirror market by application, end-user, vehicle type, and region?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the drivers, challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are emerging trends in this market and reasons behind them?
Q.7. What are some changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are taken by key players for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by materials / product substitution?
Q.11. What M & A activity has occurred in the last 5 years and what is its impact on the industry?
Some of the features of "Growth Opportunities in the Global Automotive Mirror Market 2016-2021: Trends, Forecast, and Opportunity Analysis" include:
Market size estimates: Growth opportunities in the global automotive mirror market size estimation in terms of value ($B) and volume (million units) shipment.Trend and forecast analysis: Global automotive mirror market trend (2010-2015) and forecast (2016-2021) by region and segment.Segmentation analysis: Global automotive mirror market by various passenger car types, such as small car, medium car, large car, premium car, and commercial vehicle by various application types, such as exterior mirror (basic, medium, premium, commercial and auto-dimming mirrors) and interior mirror (basic, auto-dimming and multi-functional) in terms of value shipment.Regional analysis: Global automotive mirror market breakdown by key regions, such as North America, Europe, Asia Pacific, and Rest of World.Growth opportunities: Analysis on growth opportunities in different segment and regions. Strategic analysis: This includes M&A, new products, competitive landscape, and expansion strategies of global automotive mirror market suppliers.Emerging trends: Emerging Trends of global automotive mirror in various markets. Analysis of competitive intensity of the industry based on Porter's Five Forces model.
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