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The Latin America, Middle East and Africa Safety Mirrors Market would witness market growth of 6.3% CAGR during the forecast period (2022-2028).
Convex mirrors are environmentally friendly since they are constructed from recycled materials. The safety mirror market is anticipated to be driven by the product's eco-friendliness. While striving to observe what is happening in those hard-to-reach places, convex mirrors also do away with the requirement for power. Store owners gain from this and have a better field of vision without experiencing any increase in energy expenditures. In the event of a power outage or a piece of equipment breaking down, one can still rely on convex mirrors to help to maintain an eye on the facility.
Due to recent innovations and advancements such as smart safety mirrors, high durability, and corrosion & abrasion resistant mirrors, there are several opportunities for manufacturers in the safety mirrors market. For example, Pilkington United Kingdom Ltd, a safety mirror maker in the UK, presented the Pilkington Optimirror Protect Plus in 2018, a brand-new safety mirror with better safety mechanisms like a wider visual angle and sharp reflection. The placement of convex safety mirrors in blind spots along the road in several different countries would also increase the need for safety mirrors. This factor would give producers the chance to broaden their supply networks and meet consumer demand. These factors are likely to stimulate the market for safety mirrors.
There is a high proportion of traffic accidents and inconsistent driving standards in the UAE compared to other regions. According to the World Health Organization, road users in the UAE are nearly 7 times more likely to die on the road than their counterparts, making the UAE the highest rates of road fatalities. It is common to speed. No matter how little alcohol is consumed, driving while intoxicated is illegal in the UAE. In the event of an accident, user insurance is also likely to be invalidated. The use of rude gestures and foul words while driving can result in fines, jail time, and even deportation.
The Brazil market dominated the LAMEA Safety Mirrors Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,667.7 Thousands by 2028. The Argentina market is experiencing a CAGR of 6.8% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 5.4% during (2022 - 2028).
Based on Type, the market is segmented into Convex, Flat, and Dome. Based on Application, the market is segmented into Commercial, Residential, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Egypt, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Safety Mirrors Market is Predict to reach $75.1 Million by 2028, at a CAGR of 4.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Fred Silver & Company, Inc., Lester L. Brossard Company, Clarke’s Safety Mirrors Limited, se-kure controls, Inc., DENIOS, Inc., Frontier Polymers Ltd., Ashtree Vision & Safety, H2 Safety India Private Limited, and Honesty Automation Private Limited.
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