Market Overview:
The global truck rearview mirror market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for commercial vehicles, especially in emerging economies such as China and India. Additionally, the increasing focus on safety and security is also driving the demand for truck rearview mirrors. The global truck rearview mirror market can be segmented on the basis of type, application, and region. On the basis of type, the market can be divided into exterior mirrors, interior mirrors, and under rearview mirrors. Exterior mirrors are further classified into two types: convex and flat glass mirror systems.
Product Definition:
A truck rearview mirror is a mirror mounted on the back of a truck to allow the driver to see behind the vehicle. The mirror is typically mounted on a post near the roof of the cab and can be adjusted to give the driver a clear view. Truck rearview mirrors are important for safety, as they allow drivers to see what is behind them when they are backing up or turning.
Exterior Mirrors:
Exterior mirrors are used to increase the view area and provide an accurate reflection of the surroundings. They are attached to both sides of a vehicle, usually on the outer body. The two exterior mirror systems in a vehicle consist of one or more rearview mirrors that are movable and stationary.
Interior Mirrors:
Interior mirrors are used in the truck rearview mirror market to provide a clear view of the path behind the vehicle. The interior rear-view mirror is an essential component of any vehicle, which helps in providing a safe and comfortable driving experience. An interior rear-view mirror consists of two glass panels with convex lenses placed between them, one lens is for transmitting light from the road ahead while other reflects it towards the driver.
Application Insights:
The heavy truck application segment dominated the global market in 2017. This can be attributed to the rising demand for heavy trucks, such as chassis-based trucks, flatbed trucks and tanker trucks among others. The interior mirrors are mounted on the windshield of these vehicles for better visibility of passengers seated in front.
The light truck or passenger car application segment is expected to witness significant growth over the forecast period owing to increasing sales of passenger cars across various regions including North America and Europe. In addition, growing penetration of this vehicle type is also expected to contribute significantly towards industry growth over the forecast period due to increased consumer spending on luxury goods and services including entertainment systems installed in vehicles¢â‚¬â„¢ interiors.
Regional Analysis:
The North American region dominated the global truck rearview mirror market in 2017. The growth can be attributed to increasing road accidents and fatalities on account of driver error, which has resulted in increased adoption of truck safety devices such as mirrors. Moreover, technological advancements coupled with a high rate of internet usage are expected to fuel regional product demand over the forecast period.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to rising disposable income and improving standards of living resulting from rapid economic development in emerging countries such as China and India. Furthermore, government initiatives encouraging manufacturers based outside U.S.
Growth Factors:
- Increasing demand for commercial vehicles: The global truck rearview mirror market is expected to grow at a CAGR of 5.5% during the forecast period, owing to the increasing demand for commercial vehicles from various end-use industries such as logistics, transportation, and manufacturing.
- Technological advancements: The market is witnessing technological advancements in terms of design and features of truck rearview mirrors. This is resulting in increased adoption among consumers, thereby driving the growth of the market.
- Stringent safety norms: Stringent safety norms across different countries are compelling OEMs to install truck rearview mirrors in their vehicles for enhanced safety measures while driving on highways or crowded areas. This is further propelling the growth of this market during the forecast period.
- . 5 Rising awareness about road safety: There has been a rise in awareness about road safety among consumers due to campaigns undertaken by various government and non-government organizations globally; this has led to an increase in adoption rate Truck Rearview Mirror products
Scope Of The Report
Report Attributes
Report Details
Report Title
Truck Rearview Mirror Market Research Report
By Type
Exterior Mirrors, Interior Mirrors, Under rearview mirrors
By Application
Heavy Truck, Light Truck
By Companies
Magna, SMR, Ficosa, Ichikon, Changchun Fawer, MIC, Gentex, Shanghai Lvxiang, Beijing Goldrare, Sichuan Skay-View, Shanghai Ganxiang, Flabeg, Beijing BlueView, Ningbo Joyson, Shanghai Mekra
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Truck Rearview Mirror Market Report Segments:
The global Truck Rearview Mirror market is segmented on the basis of:
Types
Exterior Mirrors, Interior Mirrors, Under rearview mirrors
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
Heavy Truck, Light Truck
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:
- Magna
- SMR
- Ficosa
- Ichikon
- Changchun Fawer
- MIC
- Gentex
- Shanghai Lvxiang
- Beijing Goldrare
- Sichuan Skay-View
- Shanghai Ganxiang
- Flabeg
- Beijing BlueView
- Ningbo Joyson
- Shanghai Mekra
Highlights of The Truck Rearview 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:
- Exterior Mirrors
- Interior Mirrors
- Under rearview mirrors
- By Application:
- Heavy Truck
- Light Truck
- 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 Truck Rearview 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.
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- 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 truck rearview mirror is a device that attaches to the back of a pickup truck, van, or SUV and helps drivers see behind them. It typically has two lenses and a reflective surface so that drivers can see what is behind them in both directions.
Some of the major companies in the truck rearview mirror market are Magna, SMR, Ficosa, Ichikon, Changchun Fawer, MIC, Gentex, Shanghai Lvxiang, Beijing Goldrare, Sichuan Skay-View, Shanghai Ganxiang, Flabeg, Beijing BlueView, Ningbo Joyson, Shanghai Mekra.
The truck rearview mirror market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Truck Rearview Mirror Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Truck Rearview Mirror Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Truck Rearview Mirror Market - Supply Chain
4.5. Global Truck Rearview Mirror Market Forecast
4.5.1. Truck Rearview Mirror Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Truck Rearview Mirror Market Size (000 Units) and Y-o-Y Growth
4.5.3. Truck Rearview Mirror Market Absolute $ Opportunity
5. Global Truck Rearview Mirror Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Truck Rearview Mirror Market Size and Volume Forecast by Type
5.3.1. Exterior Mirrors
5.3.2. Interior Mirrors
5.3.3. Under rearview mirrors
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Truck Rearview Mirror Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Truck Rearview Mirror Market Size and Volume Forecast by Application
6.3.1. Heavy Truck
6.3.2. Light Truck
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Truck Rearview Mirror Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Truck Rearview Mirror Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Truck Rearview Mirror Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Truck Rearview Mirror Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Truck Rearview Mirror Demand Share Forecast, 2019-2026
9. North America Truck Rearview Mirror Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Truck Rearview Mirror Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Truck Rearview Mirror Market Size and Volume Forecast by Application
9.4.1. Heavy Truck
9.4.2. Light Truck
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Truck Rearview Mirror Market Size and Volume Forecast by Type
9.7.1. Exterior Mirrors
9.7.2. Interior Mirrors
9.7.3. Under rearview mirrors
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Truck Rearview Mirror Demand Share Forecast, 2019-2026
10. Latin America Truck Rearview Mirror Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Truck Rearview Mirror Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Truck Rearview Mirror Market Size and Volume Forecast by Application
10.4.1. Heavy Truck
10.4.2. Light Truck
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Truck Rearview Mirror Market Size and Volume Forecast by Type
10.7.1. Exterior Mirrors
10.7.2. Interior Mirrors
10.7.3. Under rearview mirrors
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Truck Rearview Mirror Demand Share Forecast, 2019-2026
11. Europe Truck Rearview Mirror Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Truck Rearview Mirror Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Truck Rearview Mirror Market Size and Volume Forecast by Application
11.4.1. Heavy Truck
11.4.2. Light Truck
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Truck Rearview Mirror Market Size and Volume Forecast by Type
11.7.1. Exterior Mirrors
11.7.2. Interior Mirrors
11.7.3. Under rearview mirrors
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Truck Rearview Mirror Demand Share, 2019-2026
12. Asia Pacific Truck Rearview Mirror Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Truck Rearview Mirror Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Truck Rearview Mirror Market Size and Volume Forecast by Application
12.4.1. Heavy Truck
12.4.2. Light Truck
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Truck Rearview Mirror Market Size and Volume Forecast by Type
12.7.1. Exterior Mirrors
12.7.2. Interior Mirrors
12.7.3. Under rearview mirrors
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Truck Rearview Mirror Demand Share, 2019-2026
13. Middle East & Africa Truck Rearview Mirror Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Truck Rearview Mirror Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Truck Rearview Mirror Market Size and Volume Forecast by Application
13.4.1. Heavy Truck
13.4.2. Light Truck
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Truck Rearview Mirror Market Size and Volume Forecast by Type
13.7.1. Exterior Mirrors
13.7.2. Interior Mirrors
13.7.3. Under rearview mirrors
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Truck Rearview Mirror Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Truck Rearview Mirror Market: Market Share Analysis
14.2. Truck Rearview Mirror Distributors and Customers
14.3. Truck Rearview Mirror Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Magna
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. SMR
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Ficosa
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Ichikon
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Changchun Fawer
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. MIC
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Gentex
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Shanghai Lvxiang
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Beijing Goldrare
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Sichuan Skay-View
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Shanghai Ganxiang
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Flabeg
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Beijing BlueView
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Ningbo Joyson
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Shanghai Mekra
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
