Report ID: SQMIG25I2016
Report ID:
SQMIG25I2016 |
Region:
Global |
Published Date: April, 2024
Pages:
223
|
Tables:
87 |
Figures:
76
Global Fogless Mirror Market size was valued at USD 400 million in 2022 and is poised to grow from USD 421.20 million in 2023 to USD 636.67 million by 2031, growing at a CAGR of 5.30% during the forecast period (2024-2031).
The market for fogless mirrors is on the rise, especially in commercial settings such as hotels and gyms. This growth is driven by various factors, including an increase in disposable income and spending on bathroom vanity goods. The ongoing pandemic has also shifted consumer behavior towards e-commerce channels, resulting in increased demand for fogless mirrors. Major retail outlets are now offering a diverse range of these products, and companies are increasing their production capacity to keep up with demand. Efficient use of e-commerce channels, sustainability standards, and click-and-collect models are helping companies streamline their product demand. According to The Organization for Economic Co-operation and Development (OECD), the share of e-commerce in total retail in the US slowly increased by 2.2% in the first quarter of 2020. The rising demand for smart, contemporary homes with luxurious interior designs is another driving factor for the industry expansion. The tourism and travel industry's recovery is also accelerating the product demand in luxury restaurants and hotels, thereby supporting the industry's growth. Leading companies are providing one-stop-shop solutions for all bathroom accessories requirements, offering compact and portable mirrors at economical prices. To increase their business, companies are establishing an online presence through e-commerce platforms. For example, FAB Glass and Mirror offers free shipping and easy return and exchange policies through their website. Fogless mirrors are available with various technologies, such as LED lights, Bluetooth speakers, and radio, which raises their price and maintenance costs.
US Fogless Mirror Market is poised to grow at sustainable CAGR for the next forecast year.
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Report ID: SQMIG25I2016