Published Date: 31-Jul-2022
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According to a new report, published by KBV research, The Global Safety Mirrors Market size is expected to reach $75.1 Million by 2028, rising at a market growth of 4.4% CAGR during the forecast period.
The Convex segment acquired maximum revenue share in the Global Safety Mirrors Market by Type in 2021 thereby, achieving a market value of $40.7 million by 2028. It is because convex mirrors are installed at all accident-prone locations, including blind corners, mountainous roadways, flyovers, parking lots, underpasses, and more, convex mirrors are widely used. This is due to the tight requirements established by governments around the world.
The Residential segment is showcasing a CAGR of 4.9% during (2022 - 2028). Even if everyone's home is their most comfortable location, there are always places that people cannot see when they most need to. In homes, safety mirrors are frequently used in the garage. One can be set up to help users park their automobiles and safely remove them. It can also be used to monitor children who are playing in the garden or at the pool.
The North America market dominated the Global Safety Mirrors Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $26.6 million by 2028. The Europe market is exhibiting a CAGR of 4% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 5.1% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/safety-mirrors-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 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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