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Global Safety Mirrors Market Trajectory & Analytics Report 2022-2027: Advanced Frost-Free Mirrors Set to Maintain Presence Going Forward for Traffic Safety

·4-min read
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Global Market for Safety Mirrors

Global Market for Safety Mirrors
Global Market for Safety Mirrors

Dublin, July 04, 2022 (GLOBE NEWSWIRE) -- The "Safety Mirrors - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

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 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.

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 & Safety

  • Bennett Mirror Technologies Ltd (BMT) - Duravision

  • Clarke's Safety Mirrors

  • Fred Silver & Co

  • Safe Fleet

  • Se-Kure Domes & Mirrors

  • Smartech Safety Solutions Pvt.

  • Walker Glass Company

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 the publisher's digital archives and Research Platform

  • Complimentary updates for one year

Key Topics Covered:

1. MARKET OVERVIEW

  • Year 2021 in Review and Near Term Outlook

  • Russia Ukraine Conflict, China Lockdowns Again Threaten to Disrupt Global Supply Chains

  • Russia-Ukraine Conflict Creates New Challenges

  • Safety Mirrors Market Faces COVID-19-Induced Disruptions

  • Impact of Supply Chain Glitches on Growth & Bottom Lines

  • Funding Shortage Due to COVID-19 Thwarts Efforts to Expedite Road Construction Projects

  • Competitive Market Presence - Strong/Active/Niche/Trivial for 41 Players Worldwide in 2022 (E)

  • Safety Mirrors: A Prelude

  • Convex Mirrors Dominate the Market

  • Dome Mirrors: The Fastest Growing Segment

  • Insight into Materials Used in Safety Mirrors

  • Materials Used in Safety Mirror Lenses and Their Attributes

  • Materials Used in Safety Mirror Backings and Their Attributes

  • Recent Market Activity

  • World Brands

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Rise in Number of Road Accidents and Need for Proper Road Safety Measures Drive Demand for Safety Mirrors

  • World Observes a Dip in Road Traffic Collisions amid COVID-19

  • While Extreme Weather Conditions Propel Demand for Weatherproof Safety Mirrors, Market Gains Strength from Innovative Product Launches

  • Advanced Frost-Free Mirrors Set to Maintain Presence Going Forward for Traffic Safety

  • Flat Versus Convex Safety Mirrors: Applications, Upsides & Downsides

  • Growing Focus on Preventing Accidents in Parking Lots Drive Installation of Safety Mirrors

  • Retail Security Mirrors Grab Attention to Combat Shoplifting Menace

  • Ceiling Dome Mirrors: A Commonly Used Safety Measure

  • Convex Security Mirrors Emerge as a Vital Part of Surveillance Continuum in Hospitals

  • With Cycling Growing in Popularity Need for Safety Mirrors at Traffic Junctions Gains Traction

  • Growing Emphasis on Worker Safety in Factory Environments Bodes Well for Safety Mirrors

  • Collision Risk at Warehouses Boost Installation of Safety Mirrors

  • Search & Inspection Mirrors Central to New Era of Security & Safety Operations

  • Blind Spot Mirrors: Vigilant Eyes for Blind Spots to Improve Driver Safety

4. GLOBAL MARKET PERSPECTIVE

For more information about this report visit https://www.researchandmarkets.com/r/2dvod1

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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