Published Date: 20-Jan-2023
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According to a new report, published by KBV research, The Global Fogless Mirror Market size is expected to reach $522.6 Million by 2028, rising at a market growth of 5.6% CAGR during the forecast period.
The Portable segment is showcasing a CAGR of 6.4% during (2022 - 2028). The demand for portable fogless mirrors has risen in the past few years. The portability of these mirrors makes them travel-friendly. These mirrors are highly preferred by makeup artists as they ensure convenience and also because they come in many shapes and sizes. Additionally, mirrors with built-in continuous and steady light sources have also been developed, which enhances the application of makeup by decreasing shadow formation by poor lighting of the surroundings. These factors are thus helping in driving the expansion of the segment.
The Offline segment acquired maximum revenue share in the Global Fogless Mirror Market by Distribution Channel in 2021 thereby, achieving a market value of $320.9 million by 2028. The common offline sale channels include retail outlets, specialty stores, and hypermarkets/supermarkets. The offline stores offer a variety of brands in different price ranges and hence provide the customers a wide selection range from which they can choose their desired mirror per their budgets.
The Commercial segment has shown the growth rate of 6.7% during (2022 - 2028). The growing need for urban properties and real estate propelled by the increasing population of the middle class throughout the world is a prominent factor fuelling the expansion of the commercial segment. It has further expedited the rate of innovation in the fogless mirror market. Manufacturers are launching products like mirrors with infrared switches, LED lighting, etc., to attract more customers.
The Square segment is generating highest revenue share in the Global Fogless Mirror Market by Shape in 2021 thereby, achieving a market value of $276 million by 2028. The easy installation offered by mirrors of this shape is the main factor behind their popularity. Square-shaped fogless mirrors are usually seen in salons, saunas, fitness centers, and spas. Additionally, square-shaped mirrors go well with newer interior design styles such as modern, contemporary, open concepts, eclectic, minimalist, etc.
The North America market dominated the Global Fogless Mirror Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $178.1 million by 2028. The Europe market is experiencing a CAGR of 5.3% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 6.1% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/fogless-mirror-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By Distribution Channel
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