Market Overview:
The global smart fitting mirror market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for smart mirrors from retail stores and other commercial applications, such as shopping malls, supermarkets, and clothes shops. In addition, the growing awareness about the benefits of using smart mirrors is also contributing to the growth of this market. The global smart fitting mirror market can be segmented on the basis of type into ≤ 35 inch, 36-45 inch, and other segments. The 36-45 inch segment is expected to account for a major share of the global market in terms of revenue due to its high adoption by retail stores for displaying clothes and other products.
Product Definition:
A Smart Fitting Mirror is a mirror that can be used to see how you look in different outfits. It can also be used to see how you would look with different hair styles or colors.
≤ 35 Inch:
The global smart fitting mirror market size was valued at USD 6.2 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The growing importance of appearance and grooming among millennials is one of the key factors driving demand for these products, which are equipped with advanced sensors that help detect the distance from vehicle interior objects by measuring infrared radiation or reflected light from those objects.
36-45 Inch:
The 36-45 inch segment is expected to witness significant growth over the forecast period. The major factor that propels the growth of this segment includes increasing demand for vehicles with larger windshields. Additionally, rising awareness regarding road safety also contributes to market development.
Growing vehicle production and a surge in sales of high-end cars are other factors driving the global smart fitting mirror market.
Application Insights:
The application segment includes shopping mall, supermarket, clothes shop and others. The shopping malls are considered to be the most prominent location for smart mirrors as they offer a wide range of applications including dressing room display, product comparison and buying products from the shelves. The supermarkets are also expected to emerge as lucrative locations for smart mirrors due to their large size allowing customers¢â‚¬â„¢ choice of viewing all the products from different angles.
The clothes shops will emerge as another important application area due to their narrow fitting rooms that do not allow customers enough space for trying on various sizes of clothing or taking measurements.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing demand for smartphones, high internet penetration, and growing e-commerce industry in the region. Europe accounted for a significant share of revenue generated by global smart fitting mirror market in 2017 owing to high demand from countries such as Germany and U.K.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to rising disposable income especially among middle class population groups resulting into increased adoption of consumer electronics including smart devices such as smartphones, laptops, personal computers etc.
Growth Factors:
- Increasing demand for smart mirrors in the commercial sector
- Rising popularity of home automation and IoT technologies
- Growing demand for customized and personalized products
- Advances in digital mirror technology and its applications
- Proliferation of online retail platforms
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Fitting Mirror Market Research Report
By Type
≤ 35 Inch, 36-45 Inch, Other
By Application
Shopping Mall, Supermarket, Clothes Shop, Other
By Companies
Stylmark, Magic Mirror, Terawe, AstraFit, Virtooal, Cisco, SenseMi, FXMirror, Metail, Virtual On, Meituxian (Guang Zhou) Electronics, FXGear, Sichuan Province CRNC Elec-Tech, Reactive Reality, Perfitly, Kuset, OWATIS
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
133
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Smart Fitting Mirror Market Report Segments:
The global Smart Fitting Mirror market is segmented on the basis of:
Types
≤ 35 Inch, 36-45 Inch, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Shopping Mall, Supermarket, Clothes Shop, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Stylmark
- Magic Mirror
- Terawe
- AstraFit
- Virtooal
- Cisco
- SenseMi
- FXMirror
- Metail
- Virtual On
- Meituxian (Guang Zhou) Electronics
- FXGear
- Sichuan Province CRNC Elec-Tech
- Reactive Reality
- Perfitly
- Kuset
- OWATIS
Highlights of The Smart Fitting Mirror Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- ≤ 35 Inch
- 36-45 Inch
- Other
- By Application:
- Shopping Mall
- Supermarket
- Clothes Shop
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Smart Fitting Mirror Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A Smart Fitting Mirror is a mirror that can automatically adjust to your face size. This technology helps you get a better view of yourself in the mirror, and it can help you find clothes that fit properly.
Some of the major companies in the smart fitting mirror market are Stylmark, Magic Mirror, Terawe, AstraFit, Virtooal, Cisco, SenseMi, FXMirror, Metail, Virtual On, Meituxian (Guang Zhou) Electronics, FXGear, Sichuan Province CRNC Elec-Tech, Reactive Reality, Perfitly, Kuset, OWATIS.
The smart fitting mirror market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Fitting Mirror Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Smart Fitting Mirror Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Smart Fitting Mirror Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Smart Fitting Mirror Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Smart Fitting Mirror Market Size & Forecast, 2020-2028 4.5.1 Smart Fitting Mirror Market Size and Y-o-Y Growth 4.5.2 Smart Fitting Mirror Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 ≤ 35 Inch
5.2.2 36-45 Inch
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Shopping Mall
6.2.2 Supermarket
6.2.3 Clothes Shop
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Fitting Mirror Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Smart Fitting Mirror Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 ≤ 35 Inch
9.6.2 36-45 Inch
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Shopping Mall
9.10.2 Supermarket
9.10.3 Clothes Shop
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 ≤ 35 Inch
10.6.2 36-45 Inch
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Shopping Mall
10.10.2 Supermarket
10.10.3 Clothes Shop
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 ≤ 35 Inch
11.6.2 36-45 Inch
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Shopping Mall
11.10.2 Supermarket
11.10.3 Clothes Shop
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 ≤ 35 Inch
12.6.2 36-45 Inch
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Shopping Mall
12.10.2 Supermarket
12.10.3 Clothes Shop
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 ≤ 35 Inch
13.6.2 36-45 Inch
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Shopping Mall
13.10.2 Supermarket
13.10.3 Clothes Shop
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Smart Fitting Mirror Market: Competitive Dashboard
14.2 Global Smart Fitting Mirror Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Stylmark
14.3.2 Magic Mirror
14.3.3 Terawe
14.3.4 AstraFit
14.3.5 Virtooal
14.3.6 Cisco
14.3.7 SenseMi
14.3.8 FXMirror
14.3.9 Metail
14.3.10 Virtual On
14.3.11 Meituxian (Guang Zhou) Electronics
14.3.12 FXGear
14.3.13 Sichuan Province CRNC Elec-Tech
14.3.14 Reactive Reality
14.3.15 Perfitly
14.3.16 Kuset
14.3.17 OWATIS