The rearview mirror is a device used to provide the driver with front and side images of the vehicle that meet relevant national regulations, and does not include complex optical system devices such as periscopes.
Overview of Market Development and Analysis of Segmented Markets
According to our research data, the estimated revenue of the global truck and bus rearview mirror market in 2024 is $888 million, an increase of 6.26% compared to 2023. Among them, the estimated revenue of the truck rearview mirror segment market is $819 million, with a market share of 92.25%.
According to different functions, installation locations, and regulatory requirements for rearview, truck and bus rearview mirrors can be divided into types such as interior rearview mirrors and exterior rearview mirrors. Among them, exterior rearview mirrors occupy the largest market share, with an estimated 56.98% in 2024.
Analysis of Market Development Prospects
In the future, with the increase in global automobile production and sales, as well as the promotion of intelligent and safe automotive trends, the global truck and bus rearview mirror market will further expand. It is expected that by 2029, its market revenue will increase to $1241 million. The CAGR for 2024-2029 is estimated to be 6.92%.
Global Truck and Bus Rearview Mirror Market Revenue Forecast and Market Segment Analysis
Source: www.globalmarketmonitor.com
Market Analysis of Major Regions
From a regional perspective, the global truck and bus rearview mirror market is mainly concentrated in the two major regions of Europe and Asia Pacific. The total revenue of the truck and bus rearview mirror markets in these two regions accounts for over 85% of the global total revenue. Among all regions, Asia Pacific is the largest revenue market. Data shows that the estimated revenue of the truck and bus rearview mirror market in the Asia Pacific region in 2024 is $650.62 million, and the market share is expected to reach 73.29%.
Global Truck and Bus Rearview Mirror Market Revenue Forecast and Market Segment Analysis
Regions
|
Market Revenue (Million USD)
|
Market Share
|
North America
|
86.66
|
9.76%
|
Europe
|
110.13
|
12.41%
|
Asia Pacific
|
650.62
|
73.29%
|
South America
|
27.99
|
3.15%
|
Middle East & Africa
|
12.31
|
1.39%
|
Source: www.globalmarketmonitor.com
For more industry information, please refer to our latest released "2023 Global Truck and Bus Rearview Mirror Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".