Fogless Mirror Market Share, Size, Trends, Industry Analysis Report, 2023 - 2032
Fogless Mirror Market Share, Size, Trends, Industry Analysis Report, 2023 - 2032

Fogless Mirror Market Share, Size, Trends, Industry Analysis Report, By Type (Stable and Portable); By Application; By Shape; By Distribution Channel; By Region; Segment Forecast, 2023 - 2032

  • Published Date:Jan-2023
  • Pages: 117
  • Format: PDF
  • Report ID: PM2985
  • Base Year: 2022
  • Historical Data: 2019-2021

Report Outlook

The global fogless mirror market was valued at USD 408.97 million in 2022 and is expected to grow at a CAGR of 5.4% during the forecast period.

The continuously growing demand and popularity of contemporary and smart homes with extravagant and attractive interior designs along with the growing prevalence of urbanization especially in developing countries like India, China, and Brazil are major factors driving the growth and expansion of global market. Moreover, the rapid increase in the number of tourists across the globe and boosting travel & tourism industry is fueling the demand for fogless mirrors in luxury hotels and restaurants, resorts, and many other applications, thereby supporting the growth of the market.

Fogless Mirror Market Size
Know more about this report: Request for sample pages

According to India Tourism Statistics, the number of domestic tourists visits in India accounted for 677.63 million in 2021, with a significant rise of over 11% from 610.22 million in 2020 and Tamil Nadu was the leading contributor to country’s domestic tourists at 115.33 million. Moreover, FTAs have gained a growth of 406% to around 2,764,975 from January-July 2022 compared to the same period last year.

Furthermore, emerging consumer inclination towards eco-friendly products, that are made up of sustainable raw materials which do not contribute to environmental pollution, has paved the way for higher adoption and prevalence of fogless mirrors worldwide. To understand and fulfill the needs and demands of customers, key players of the market are heavily investing in research and development activities, which is further influencing the market.

The outbreak of the COVID-19 pandemic has significantly impacted the growth of the fogless mirror market. The rapid emergence of deadly coronavirus around the world has forced countries to impose several restrictions on trade activities and lockdowns, which resulted in the closure of stores, and manufacturing facilities, and high disruptions in the global supply chain. The shift in consumer buying preferences for necessary products from luxury products has also negatively impacted the sales of fogless mirrors.

Fogless Mirror MarketKnow more about this report: Request for sample pages

Industry Dynamics

Growth Drivers
Rapidly growing consumer disposable income and rising spending on bathroom vanity goods coupled with the change in consumer purchasing behavior and demand for home décor in countries like U.S., U.K., France, and Japan are some of the primary factors driving the growth of the global fogless mirror market. In addition, several factors such as implementation of sustainability standards, emergence of eCommerce channels, penetration of internet, and click-and-collect models through various retail channels are fueling the demand and growth of the market.

For instance, according to the Census Bureau of the Department of Commerce, the U.S. retail eCommerce sales for the 3rd quarter of 2022, was stood at USD 265.9 billion, with a rise of 3 percent from the 2nd quarter of 2022. And, the eCommerce sales in the third quarter of 2022 accounted for over 14% of total sales in the United States.

In addition, the influencing demand for modern and smart homes with lavish interior look and designs along with the considerable increase in the number of booking hotel rooms for various corporate meetings and events are likely to positively impact the market growth over the coming years.

Report Segmentation

The market is primarily segmented based on type, application, shape, distribution channel, and region.

By Type

By Application

By Shape

By Distribution Channel

By Region

  • Stable
  • Portable
  • Residential
  • Commercial
  • Round
  • Square
  • Oval
  • Online
  • Offline
  • North America (U.S., Canada)
  • Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

 Know more about this report: Request for sample pages

Stable mirrors segment accounted for the highest market share

The stable mirrors segment accounted highest market share in 2022 and is likely to retain its position over the anticipated period due to the rapid surge in the usage of these mirrors in both residential and commercial applications across the globe. Moreover, an extensive rise in consumer preferences towards fancy and appealing accessories for the purpose to decorate and renovate homes and bathrooms along with the rising number of housing development activities in countries like India and China are expected to boost the market growth.

However, the portable segment is projected to witness fastest growth at a CAGR of XX%, which is mainly accelerated by growing adoption of these mirrors by tourists owing to their convenience and profitability. Various innovations and developments in the mirrors to provide a luxurious feel and comfort to customers like built-in light in portable mirrors, which offers continuous and steady light sources are likely to contribute significantly to the global market growth.

Residential segment held the significant market revenue share

The residential segment led the industry and holds majority of revenue share on account of increasing consumer purchasing power, innovations in bathroom vanities, and adoption of these mirrors, as it requires less or no maintenance and provides a clear view. Since anti-fog bathroom mirrors contain a type of heated element when the user switches them on, it prevents the build-up of condensation, and the result is that user can easily able to see a clear view reflection all the time, and these mirrors are gaining high traction.

The commercial segment is further anticipated to register significant growth during the forecast period. The growth of the segment market is mainly driven by an extensive rise in industrialization and urbanization along with the continuously increasing middle-class population in emerging economies including China, South Korea, Brazil, and India. Moreover, employing LED lighting in fogless mirrors also improves the overall aesthetics of the bathroom, which is expected to create lucrative growth opportunities for the market.

Square-shaped segment is projected to grow at the fastest rate

The square-shaped segment is expected to expand at a CAGR throughout the forecast period due to its quite simple and easy installation on any type of wall. These types of mirrors have found extensive applications in fitness centers, spas, salons, and saunas owing to their ability to provide ultra-clear views and cost-effectiveness as compared to round and oval-shaped mirrors.

The round-shaped mirror dominated the fogless mirror market and accounted for a healthy market share in 2022, which is mainly attributed to the growing demand and need from hotels, restaurants, and other commercial sector applications. The increasing prevalence of a customized and growing number of modern design homes mainly in developed countries are other key factors boosting the growth of the segment market.

Online segment is projected to exhibit fastest rate of growth

The online segment is likely to register a high CAGR over the coming years due to rapid emergence of several online shopping platforms, increased number of internet users, availability of fast internet facilities, and shifting consumer trends towards the online distribution channels owing to their wide range of advantages offerings including free home delivery, one place for multiple global brands, and easy payment methods.

For instance, in April 2022, the number of internet users was more than 5 billion worldwide, which accounts for 63.1 percent of the world’s population. China, India, and United States have the highest number of internet users and rank ahead of other countries. And, in 2021, there were more than 2.14 billion people, estimated to shopped goods and services online a significant rise from 1.66 billion in 2016.

North America dominated the global market in 2022

North America dominated the global industry in 2022 and is likely to maintain its dominance over the anticipated period. Growing renovation and restoration of commercial applications including residences, gyms, hotels, and corporates coupled with the growing expansion and spurred product demand in countries like US and Canada are primary factors propelling the growth of the region’s market.

However, Europe region accounted for a significant revenue share and witnessed considerable growth due to the growing number of product innovations and introduction to new styles and appearances, and high consumer disposable incomes. Several key players in the market are developing and launching a variety of products in different styles, antique designs, and aesthetics, which is encouraging customers to opt for these types of mirrors in their homes and bathrooms.

Competitive Insight

Some of the major players operating in the global market include The Shave Wall Company, Electric Mirror Inc., Toilet Tree Product, Roper Rhodes Ltd., Zador Products Inc., LAUFEN Bathrooms AG, Roca Santitario, New Home Bath & Mirror Inc., HIB Ltd., YD Valve Co. Ltd., Shanghai Bagen Electronic Science & Technology Co., Henan Jiazhidong Sanitary Ware, Nilkamal Furniture, and Inter IKEA Systems B.V.

Recent Developments

In December 2021, Roper Rhodes Ltd. acquired Svedbergs Group. Svedberg Group has taken over the Roper Rhodes, aiming its key strategic objective to acquire major bathroom sector leading brands in the European region. With this acquisition, the company will focus on product innovation and development and boost its sales.

In November 2022, RBROHANT introduced and bring its new bathroom mirror to the market, available in oval, rectangular, and circular shapes. The product comes with various functions and features including anti-fog, waterproof, and anti-rush treatment, that help consumers to meet their perfect image of the bathroom.

Fogless Mirror Market Report Scope

Report Attributes

Details

Market size value in 2023

USD 429.83 million

Revenue forecast in 2032

USD 692.96 million

CAGR

5.4% from 2023 – 2032

Base year

2022

Historical data

2019 – 2021

Forecast period

2023 – 2032

Quantitative units

Revenue in USD million and CAGR from 2022 to 2030

Segments Covered

By Type, By Application, By Shape, By Distribution Channel, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Key Companies

The Shave Wall Company, Electric Mirror Inc., Toilet Tree Product, Roper Rhodes Ltd., Zador Products Inc., LAUFEN Bathrooms AG, Roca Santitario, New Home Bath & Mirror Inc., HIB Ltd., YD Valve Co. Ltd., Shanghai Bagen Electronic Science & Technology Co., Henan Jiazhidong Sanitary Ware, Nilkamal Furniture, and Inter IKEA Systems B.V.

FAQ's

key companies are The Shave Wall Company, Electric Mirror Inc., Toilet Tree Product, Roper Rhodes Ltd., Zador Products Inc., LAUFEN Bathrooms AG, Roca Santitario, New Home Bath & Mirror Inc., HIB Ltd.

The global fogless mirror market expected to grow at a CAGR of 5.4% during the forecast period.

key segments are type, application, shape, distribution channel, and region.

key driving factors are Increasing demand for modern and smart homes with lavish interior look.

Fogless Mirror Market Size Worth $692.96 Million By 2032.