Growth Factors and Application Insights of the Mirror Market
Cognitive Market Research
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What is Mirror?
Mirrors are rectangular and flat surfaces reflecting light in a specific direction. They are often used in interior design and architecture to create an illusion of spaciousness. Additionally, mirrors are commonly employed as reflective surfaces for optical instruments, including telescopes and microscopes.
Types of?Mirrors Market
Mirror Cabinets
Mirror cabinets are utilized in retail stores to store and exhibit products. They are cabinets with glass doors that allow potential customers to view the products. The demand for mirror cabinets has increased due to rising consumer awareness about cosmetic surgery, weight loss solutions, anti-aging creams, and other products that help maintain a youthful appearance.
Surface Mounted Mirrors
These mirrors are a crucial component of automotive safety systems, as they reflect light from a vehicle's headlamp onto the road ahead. They help detect vehicles and obstacles on, particularly at night or during poor visibility conditions. These mirrors play an essential role in ensuring the safety of drivers and passengers on the road.
Application Insights
In 2017, the household application segment held over 60% of the global mirrors market revenue. The rise in income and purchasing power among households in emerging economies such as China, India, and Brazil drives the demand for mirrors. Moreover, with the growing number of families and disposable income, there is increased spending on home improvement activities across various regions globally, leading to a surge in product demand over the forecast period.
Companies: Baker, Restoration Hardware, Redapple, Florense, ROCHE—BOBOIS, Hülsta, Poliform, Kartell, Qumei,
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