Global Mirror Market Size to Reach USD 241.52 Billion in 2030

Market Size – USD 122.04 Billion in 2021, Market Growth – at a CAGR of 7.8%, Market Trends –Rising demand for interactive smart mirrors

The mirror market size was USD 122.04 Billion in 2021 and is expected to register a revenue CAGR of 7.8% over the forecast period, according to a latest report by Reports and Data. Revenue growth of the market is expected to be driven by increasing demand for mirrors in interior design and decoration.

Mirrors enhance natural light and maximize the sense of space in a home and help in reducing energy costs. Therefore, a large number of architects and interior decorators prefers to put mirrors for interior design and wall decoration purpose. With the rising construction of buildings and houses, demand for mirrors are expected to accelerate revenue growth of the market. New innovations in interior decoration and designing are also expected to grow over the forecast period. According to the World Bank U.S., in 2020, the global construction industry was valued at USD 22.04 trillion. These instances of revenue growth of commercial and residential buildings in the construction mirror market play a pivotal role in driving demand.

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Market Dynamics:

The global Mirror market is rapidly gaining traction over the recent years and is expected to register robust revenue growth throughout the forecast period of 2021 and 2028. The consumer goods sector is rapidly growing due to factors such as paradigm shift in consumer preferences, rising demand for convenience and ongoing COVID-19 pandemic. Rapid revenue growth is attributed to factors such as rising disposable income, improvements in standard of living, and increasing preference for organic food and plant based food products. Moreover, rising health conscious population, increasing preference for online shopping and doorstep deliveries and growing inclination of veganism in several countries across the globe and increasing focus on developing novel products to cater to consumer demand are other factors expected to support market growth going ahead.

Competitive Landscape:

The research report offers details about leading companies in the global Mirror market along with global position, financial standing, license agreement, products and services portfolio and revenue contribution of each market player. Key players in the market are focusing on adopting various strategies such as mergers and acquisition, business expansion plans, new product launches, partnerships, collaborations, joint ventures to enhance their product base and gain robust footing in the market.

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Major Companies:

  • Compagnie de Saint-Gobain S.A.,
  • GTAT Corporation,
  • Guardian Industries Holdings Site,
  • Asahi Glass Co. Ltd.,
  • Nippon Sheet Glass Co., Ltd.,
  • Xinyi Glass Holdings Limited,
  • Ferguson Enterprises,
  • CSG Holding Co. Ltd.,
  • Taiwan Glass Industry Corporation,
  • China Glass Holdings Limited,
  • Şişecam.

Market Segmentation:

The report also sheds light on the market segmentation based on type, application and region:

By Product Type Outlook

  • Plane mirror
  • Spherical mirrors
  • Convex mirror
  • Crystal mirror
  • Others

By Coating Type Outlook 

  • Soft coating
  • Hard Coating
  • Others

By End-use Channel Outlook

  • Retail
  • Building and apartments
  • Automotive
  • Others

By Application Outlook

  • Interior decoration
  • Microscope
  • Solar furnace
  • Healthcare
  • Astronomy
  • Others

Mirror Market Segmentation based on Regions:

North America

  • S.
  • Canada
  • Mexico
  • Europe
    • Germany
    • K.
    • France
    • Italy
    • Spain
    • Benelux
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of Middle East Africa

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