The Asia Pacific Fogless Mirror Market would witness market growth of 6.1% CAGR during the forecast period (2022-2028).
The inclusion of technology like Bluetooth speakers, Wi-Fi connectivity, radio, etc., transformed fogless mirrors into an essential part of modern bathrooms. Similarly, manufacturers have also developed portable and compact fogless mirrors that are meant to be sold at economical prices.
With rapid urbanization and post-pandemic economic slowdown, luxury houses have become affordable to a reasonable extent. Consequently, consumers buying preferences have changed as many of them are now purchasing luxury properties, owing to the appeal of such housing, enhanced connectivity, accessibility to public transport, and necessities like schools and hospitals.
This rise in luxury housing has positively impacted the home décor industry, including the fogless mirror. Incidentally, as per various statistics and studies, in the coming few years there will be an increase in luxury housing, which will fuel the demand for fogless mirrors.
In the Asia Pacific region, the need for fogless mirrors is likely being driven by the rising urbanization and growing population. Additionally, many emerging economies in Asia have helped in raising the net disposable income of the region, which is a significant factor driving the demand for luxury items. In addition, the rapid expansion of bathroom amenities and home décor items in nations like China, Japan, and India has given market suppliers a crucial distribution route to reach both rural and urban areas.
The China market dominated the Asia Pacific Fogless Mirror Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $44.3 million by 2028.The Japan market is estimated to grow a CAGR of 5.5% during (2022 - 2028). Additionally, The India market would experience a CAGR of 6.7% during (2022 - 2028).
Based on Type, the market is segmented into Stable and Portable. Based on Distribution Channel, the market is segmented into Offline and Online. Based on Application, the market is segmented into Residential and Commercial. Based on Shape, the market is segmented into Square, Round and Oval. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Fogless Mirror Market is Projected to reach USD 522.6 Million by 2028, at a CAGR of 5.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cumberland Companies LLC (The Shave Well Company), Electric Mirror, Inc., New Home Bath & Mirror, Inc., Toilet Tree Products, Inc., Zadro, Inc., Roper Rhodes Ltd. (Svedbergs Group AB), HiB Ltd., LAUFEN Bathrooms AG (ROCA group), FAB Glass and Mirror, and Foshan Sino Hardware Products Co., Ltd.
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