Rear View Mirror Global Market Report 2023 – By Product Type (Smart Rear View Mirror, Conventional Rear View Mirror), By Mounting Location (Door Mounted, Body Mounted), By Mirror Type (Exterior Mirror, Interior Mirror), By Vehicle Type (Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle), By Feature (Auto dimming, Blind spot detection, Power Control, Automatic Foldable, Heated, Other Features) – Market Size, Trends, And Global Forecast 2023-2032

Automotive Cables Market Definition

The wholesale and distribution automotive aftermarket refer to the secondary market for the automotive that focuses on the wholesale and distribution of automobiles, their parts and related services after the original equipment manufacturer has sold the automobile to the consumer, whether or not those parts were made by the OEM. The main replacement parts in the wholesale and distribution automotive aftermarket market include tires, batteries, brake parts, filters, body parts, lighting and electronic components, wheels, exhaust components, and other replacement parts. The tire refers to the wholesale and distribution of automotive tires in the aftermarket. The tire is a robust, flexible rubber casing affixed to a wheel rim. A moving vehicle's wheels benefit from the cushioning and traction that tires offer. Tires can be found on cars, trucks, buses, bicycles, motorbikes, and other automobiles. The different types of products offered in wholesale and distribution automotive aftermarket include genuine parts, certified parts, and uncertified parts. They are distributed through retailers, wholesalers, and distributors channels. The global wholesale and distribution automotive aftermarket market are segmented – 1) By Replacement Part: Tire, Battery, Brake parts, Filters, Body Parts, Lighting and Electronic Components, Wheels, Exhaust Components, Other Replacement Parts 2) By Certification: Genuine Parts, Certified Parts, Uncertified Parts 3) By Distribution Channel: Retailers, Wholesalers, Distributors The global wholesale and distribution automotive aftermarket market size will grow from $212.33 billion in 2022 to $225.27 billion in 2023 at a compound annual growth rate (CAGR) of 6.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global wholesale and distribution automotive aftermarket is expected to grow to $274.59 billion in 2027 at a CAGR of 5.1%. The growing automotive industry is driving the wholesale and distribution automotive aftermarket market. The automotive industry comprises a diverse group of businesses and institutions engaged in the design, development, production, marketing, and sale of automobiles. Consumers' changing interest and preference motivates automobile manufacturers to manufacture various styles and lines of automobiles. Technological advancement and the rise in economic conditions also lead to growth in the automotive industry. Automotive aftermarket aids the automobile industry by providing the spare parts needed by the customers when they buy a new or existing automobile. For instance, in 2021, according to a report published by the International Energy Agency (IEA), a Paris-based autonomous intergovernmental organization, the worldwide electric car stock reached the 10 million mark in 2020, showing a 43% increase over 2019, following a decade of strong development. Furthermore, in 2021, according to the Society of Indian Automobile Manufacturers (SIAM), a not-for-profit apex national body representing all primary vehicle and vehicular engines, the automotive industry produced a total of approximately 23 million vehicles from April 2021 to March 2022, including passenger cars, commercial trucks, three-wheelers, two-wheelers, and quadricycles, compared to approximately 22.6 million units from April 2020 to March 2021. Therefore, the growing automotive industry is expected to propel the growth of the wholesale and distribution automotive aftermarket market. Major players in the wholesale and distribution automotive aftermarket market are 3M Company, Continental AG, Denso Corporation, Robert Bosch GmbH, Magneti Marelli S.p.A., Delphi Automotive PLC, Federal-Mogul Corporation, The Goodyear Tire & Rubber Company, ZF Friedrichshafen AG, and DRiV Incorporated. The increasing digitalization of automotive repair & maintenance services is a key trend in the wholesale and distribution automotive aftermarket market. Automotive aftermarket product and service producers now provide online platforms for information, guidance, and instruction on proper installation and troubleshooting, as well as digital tools for a product selection like electronic catalogs, video libraries for tutorials and product showcases and video libraries for tutorials. For instance, in September 2021, MAHLE Aftermarket Inc., a Germany-based automotive aftermarket company, introduced an eCatalog to help customers make product choices. This catalog uses digital technology that helps aftermarket users, distributors, and technicians look up and request items from anywhere globally. The site contains a search engine to find the optimum solution based on vehicle application and is divided up by specialty area for quick access to the newest parts. Catalog users can also search for products by passenger car, commercial vehicle, light commercial vehicle (LCV), and power sports manufacturer, model, and kind of vehicle. In February 2021, Goodyear Tire & Rubber Company, a US-based manufacturing company that develops, manufactures, distributes, and sells tires, acquired Cooper Tire & Rubber Company. Through this acquisition, Goodyear will better serve more customers globally and has more scale to support more significant investments in new fleet and mobility solutions. With the union of these two top tire businesses, the global tire industry will gain a more decisive U.S.-based leader with complementary product portfolios, services, and capabilities. Cooper Tire & Rubber Company is a US-based manufacturing company that designs, markets, and distributes replacement automobile and truck tires. North America was the largest region in the wholesale and distribution automotive aftermarket market in 2022. Asia-Pacific is expected to be the fastest-growing region in the wholesale and distribution automotive aftermarket market share during the forecast period. The regions covered in the wholesale and distribution automotive aftermarket market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the wholesale and distribution automotive aftermarket market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The wholesale and distribution automotive aftermarket market include revenues earned by entities by automotive parts and accessories. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The wholesale and distribution automotive aftermarket market research report is one of a series of new reports from The Business Research Company that provides wholesale and distribution automotive aftermarket market statistics, including wholesale and distribution automotive aftermarket industry global market size, regional shares, competitors with a wholesale and distribution automotive aftermarket market share, detailed wholesale and distribution automotive aftermarket market segments, market trends and opportunities, and any further data you may need to thrive in the wholesale and distribution automotive aftermarket industry. This wholesale and distribution automotive aftermarket market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The extreme ultraviolet lithography are engaged in manufacturing extreme ultraviolet lithography systems that use the smallest wavelength to create circuits with small features and obtain an output with better resolution. The extreme ultraviolet lithography market covered in this report is segmented by equipment into the light source, mirrors, masks, and others; by the light source into laser-produced plasma, gas discharge, vacuum sparks; by end-user into integrated device manufacturers (IDM), foundry, others. The global extreme ultraviolet lithography market is segmented - 1) By Equipment: Light Source, Mirrors, Mask, Other Equipments 2) By Light Source: Laser-produced Plasma, Gas Discharge, Vacuum Sparks 3) By End User: Integrated Device Manufacturers (IDM), Foundry, Other End-Users The global extreme ultraviolet lithography market size grew from $3.29 billion in 2022 to $4.04 billion in 2023 at a compound annual growth rate (CAGR) of 22.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of global extreme ultraviolet lithography is expected to grow to $9.2 billion in 2027 at a CAGR of 22.9%. Increasing demand for smartphones is expected to boost the demand for the extreme ultraviolet lithography market. Extreme ultraviolet lithography (EUVL) is an advanced technology used for manufacturing more powerful microprocessors than traditional ones for smartphones and personal computers. EUV lithography helps build compact electronic chips with less complexity, reduced cost, and fewer power requirements. For instance, in March 2022, according to the Cybercrew article, a UK-based company association of tech-obsessed people that works on computers, mobile phones, and gaming, around 87% of adults owns smartphones in the year 2020 and with a global smartphone penetration rate of 78.9%, the UK is ranked second. Thus, increasing demand for more advanced smartphones creates a higher demand for EUV lithography to enable chipmakers to produce faster, smaller, and more powerful chips. Major players in the extreme ultraviolet lithography market are ASML, Nikon, Canon, Intel Corporation, Samsung Electronics Co. Ltd., Taiwan Semiconductor Manufacturing Company Limited (TSMC), SUSS Microtec AG, Carl Zeiss AG, Toshiba, and Ultratech Inc. The high price of extreme ultraviolet lithography systems may restrict the growth of the extreme ultraviolet lithography market. A lithography machine is one of the major tools in manufacturing chips. High-end lithography machines for cutting the most sophisticated chips are produced by only one company, ASML. The extreme ultraviolet lithography machine is made of more than 1,00,000 parts and costs about $120 million. Therefore, the high price of the systems may restrict the growth of the extreme ultraviolet lithography market. Companies operating in the market are continuously focusing on introducing new technologies to attract a large consumer base. For instance, Taiwan Semiconductor Manufacturing Company Limited (TSMC) introduced seven-nanometer plus (N7+), the first commercially available extreme ultraviolet (EUV) lithography technology in the industry, delivering consumer products to market in large volume. The N7+ method with EUV technology is built on TSMC’s successful 7nm node and covers the way for 6nm and high-level technologies. N7+ contributes 15% to 20% more density and increased power consumption than the N7 process, making it an increasingly popular choice for the industry’s next-wave outcomes. Asia-Pacific was the largest region in the extreme ultraviolet lithography market in 2022. North America was the second largest region in the electrical and electronics market during the forecast period. The regions covered in the global extreme ultraviolet lithography market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the extreme ultraviolet lithography market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The extreme ultraviolet lithography market includes revenues earned by entities by providing electron optical lithography services, optical lithography, X-Ray lithography services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The extreme ultraviolet lithography market research report is one of a series of new reports from The Business Research Company that provides extreme ultraviolet lithography market statistics, including extreme ultraviolet lithography industry global market size, regional shares, competitors with an extreme ultraviolet lithography market share, detailed extreme ultraviolet lithography market segments, market trends and opportunities, and any further data you may need to thrive in the extreme ultraviolet lithography industry. This extreme ultraviolet lithography market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

An auto-dimming mirror refers to mirrors that are made up of a mirror and an electronic system that uses photo sensors to detect light from the front and back. These mirrors are used to improve visibility and safety at night while driving. These can dim the light reflecting from their surface by considerably reducing the glare of light from following vehicles on busy routes at night. The main types of fuel in auto-dimming mirror markets are internal combustion engines, hybrids, and electric. The internal combustion engine (ICE) refers to the ignition and combustion of the fuel that occurs within the engine itself. The engines convert the energy from the combustion into work. The engine consists of a fixed cylinder and a moving piston. The various vehicle types include passenger vehicles and commercial vehicles and involve several functions such as connected auto-dimming mirrors and non-connected auto-dimming mirrors. The various applications include the inside rear-view mirror and the outside rear-view mirror. The global auto dimming mirror market is segmented – 1) By Fuel Type: Internal Combustion Engine, Hybrid, Electric 2) By Vehicle Type: Passenger Vehicle, Commercial Vehicle 3) By Functionality Type Market: Connected Auto-Dimming Mirror, Non-connected Auto-Dimming Mirror 4) By Application Type: Inside Rear-View Mirror, Outside Rear-View Mirror The global auto-dimming mirror market size will grow from $2.02 billion in 2022 to $2.2 billion in 2023 at a compound annual growth rate (CAGR) of 8.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of auto-dimming mirror market is expected to grow to $2.89 billion in 2027 at a CAGR of 7.1%. The surge in the automotive industry is expected to propel the growth of the auto-dimming mirror market going forward. The automotive industry refers to the designing, developing, and manufacturing of motor vehicles. These mirrors are used in vehicles to reduce the glare of light that is coming from other vehicles and hence prevent the driver from getting distracted. For instance, according to the India Brand Equity Foundation, an India-based government export agency, in May 2022, sales of automobiles in India increased by 5.8%, which is 18.49 million units, as compared to 17.47 million units in the year 2020. Also, the premium car industry sold 2,259 units in December 2021, an increase of 19.7% when compared with 2020. Therefore, the growth of the automotive industry is driving the growth of the auto-dimming mirror market. Major players in the auto-dimming mirror market are Ficosa International SA (Panasonic Corporation), Flabeg Automotive Glass Group GMBH, Gentex Corporation, Honda Lock Mfg. Co. Ltd. (Honda Motor Company Ltd), Konview Electronics Corporation Limited, Magna International Inc., Murakami Corporation, Shenzhen Germid Co., Samvardhana Motherson Group, Tokairika Co. Ltd., SL Corporation, Ichikoh Industries Ltd., Metagal Industria E-commercio Ltd., Fuyao Glass Industry Group Co.Ltd., Dura Automotive Systems, Webasto SE, and Glas Trösch Holding AG. Technological innovations have emerged as the key trend gaining popularity in the auto-dimming mirror market. Major companies operating in the auto-dimming mirror sector are focused on introducing new technologies to sustain their position in the market. For example, Gentex, a US-based company that develops, designs, and manufactures automatic-dimming rear-view mirrors, launched the latest version of its HomeLink car-to-home automation system that works on Bluetooth. It also controls a variety of radio frequencies by using cloud-based home automation technology that makes up the system. In addition, the company created an app that allows cloud-based device operation. In October 2021, Motherson Sumi Systems Limited, an India-based automotive components manufacturer, acquired Nanchang JMCG Mekra Lang Vehicle Mirror for an undisclosed amount. This acquisition would help SMR Group expand into the commercial vehicle category. Also, it would allow SMR to explore additional prospects for expansion in this region and strengthen the company’s presence in a growing market. Nanchang JMCG is a China-based manufacturer of vehicle mirrors. Asia-Pacific was the largest region in the auto-dimming mirror market in 2022. North America is expected to be the fastest growing region in the forecast period. The regions covered in the auto-dimming mirror market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the auto-dimming mirror market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The auto-dimming mirror market consists of sales of conductive layers, ion storage, electrolyte, and electrochromatic layers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The auto dimming mirror solutions market research report is one of a series of new reports from The Business Research Company that provides auto dimming mirror solutions market statistics, including auto dimming mirror solutions industry global market size, regional shares, competitors with an auto dimming mirror solutions market share, detailed auto dimming mirror solutions market segments, market trends and opportunities, and any further data you may need to thrive in the auto dimming mirror solutions industry. This auto-dimming mirror solutions market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The virtual mirror refers to a technology that is used in retail stores for customers to try their dresses, tops, and other apparel on their virtual avatars in the mirror. It uses augmented reality technology to show the user how the outfit would look on them without having to try it on physically. It displays the outfit and uses motion rendering technology to let the spectator see the appearance in a variety of motions and lighting conditions (for both day and night looks). The main types of virtual mirror markets are software, hardware, and services. Software refers to the computer program and forms an integral part of virtual mirrors, as it forms the programming behind the functioning of these mirrors. Software provides algorithms for the working of virtual mirrors, like the face alignment algorithm, and programming like the tracking algorithm engine. The various technologies include 3D body scanning, photo accurate VFR, 3D augmented reality, and virtual reality, which are used in retail and other industries. The various deployment modes are cloud and on-premises. The global virtual mirror market is segmented - 1) By Component: Software, Hardware, Services 2) By Deployment Mode: Cloud, On-Premises 3) By Technology: 3D Body Scanning, Photo Accurate VFR, 3D Augmented Reality and Virtual Reality 4) By Industry: Retail, Other Industries The global virtual mirror market size will grow from $7.6 billion in 2022 to $9.4 billion in 2023 at a compound annual growth rate (CAGR) of 23.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the virtual mirror is expected to grow to $20.99 billion in 2027 at a CAGR of 22.2%. The increase in online shopping activities is expected to propel the growth of the virtual mirror market going forward. Online shopping refers to a form of electronic commerce that allows consumers to directly buy goods or services from a seller over the Internet using the Web. Virtual mirrors are available on mobile phone applications that help users modify the appearance of their hairstyle, make-up, or accessories. The technology is also used in online shopping and in-store shopping to show people how an item or accessory might look on them. For instance, according to the Indian Brand Equity Foundation, an India-based export promotion agency, Indian e-commerce has increased by 4% for the year 2020, which was $3.95 billion, and is expected to increase by 8% to USD 26.93 billion by the year 2025. Additionally, according to Forbes, a US-based business magazine, in 2021, online shopping in the US increased by 14.2% for the year, which is $870 billion when compared with the year 2020. E-commerce represented 13.2% of all retail sales in the US in 2021. Therefore, an increase in online shopping activities is driving the virtual mirror market growth. Major players in the virtual mirror market are INDE LLC, SenseMi, Terawe Corp., Textronics., Virtooal, ICON Multimedia SL, Cisco Systems Inc., Fitnect Interactive, Metail Limited, MemoMi Labs, Zugara, My Size Inc., Virtusize Co. Ltd., DigitalDM, and ViuBox. New product innovations have emerged as the key trend gaining popularity in the virtual mirror market. Major companies operating in the virtual mirror sector are focused on launching new products to sustain their position in the market. For instance, in June 2020, MySizeID, an Israel-based company that develops and creates smartphone measurement solutions, launched SWEET FIT, a virtual fitting mirror that uses augmented reality technology to scan a person’s figure and display a virtual outfit according to the available sizes that fit the customer. With the help of this technology, shoppers can select the appropriate apparel size for a specific brand based on real-time body measurements. SWEET FIT is currently available in French fashion stores. In September 2021, JINS Holdings, a Japan-based manufacturer of eyewear and related accessories, acquired FittingBox for an undisclosed amount. The acquisition will help JINS provide consumers with a virtual try-on service, which will boost their e-commerce presence. FittingBox is a France-based digital eyewear company intended to provide assistance to users in trying on glasses in augmented reality, enabling them to find frames that suit their body type and style. North America was the largest region in the virtual mirror market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the virtual mirror market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the virtual mirror market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The virtual mirror market consists of revenues earned by entities by providing virtual payment terminal software including mobile application and firmware. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The virtual mirror market research report is one of a series of new reports from The Business Research Company that provides virtual mirror market statistics, including virtual mirror industry global market size, regional shares, competitors with a virtual mirror market share, detailed virtual mirror market segments, market trends and opportunities, and any further data you may need to thrive in the virtual mirror industry. This virtual mirror market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Smart mirrors are two-way mirrors, having an electronic display behind the glass. The time, weather, calendar events, and the day's news can all be displayed. These mirrors can show information, include touch input, and include speakers, cameras, microphones, and other sensors. It is used to access different types of information in the form of widgets, such as the current weather, and time, date, and news updates. The main components of smart mirrors include hardware, software and services. Hardware is used for manufacturing the mirror with different kinds of components such as displays, cameras, sensors and others. The smart mirror types are exterior mirrors and interior mirrors having functionalities including connected and non-connected. The smart mirror features include AR-smart mirrors and non-AR-smart mirrors. The applications of smart mirrors include automotive, healthcare, retail and marketing, consumer and other applications. The global smart mirror market is segmented – 1) By Component: Hardware, Software, Services 2) By Type: Exterior Mirror, Interior Mirror 3) By Functionality: Connected, Non-Connected 4) By Feature: AR-Smart Mirror, Non AR-Smart Mirror 5) By Application: Automotive, Healthcare, Retail And Marketing, Consumer, Other Appplications The global smart mirror market size grew from $2.82 billion in 2022 to $3.28 billion in 2023 at a compound annual growth rate (CAGR) of 16.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of smart mirror market size is expected to grow to $5.58 billion in 2027 at a CAGR of 14.2%. The high demand for connected devices is expected to propel the growth of the smart mirrors market. Consumers have been keen to investigate the advantages of adding additional devices to the internet and how that may enhance their lives as technology has developed. The increasing demand for connected devices will increase the demand for smart mirrors and also improve functionality and features. According to IoT Analytics, a German-based Internet of Things (IoT) market insights and strategic business intelligence, in 2022, the internet of things is expected to grow to 14.4 billion active connections from 12.3 billion in 2021. Therefore, the high demand for connected devices drives the growth of smart mirrors. Major players in the smart mirror market are Perseus Mirrors, Samsung Electronics, Electric mirror Inc., Japan Dsiplay Inc., Magna International Inc., Gentex Corporation, Seura, Ficosa, ALKE, Murakami Corporation, Desnion Ltd., Ad Notam, Keonn, Archello, Videotree and Michael Teeuw. Technological advancement is a key trend gaining popularity in the smart mirror market. Major companies in the smart mirror market are advancing in their new technologies and integrating options such as fitness into their products. For instance, in July 2022, Portl, an India-based intelligent home mirror company, launched a smart mirror in India. The smart fitness mirror has an interactive fitness mirror with Wi-Fi, BlueTooth connectivity, HD cameras, and edge AI processing. These sensors instantly correct a user's posture and shape. This indicates that the individual's posture is adjusted when they perform their workouts in front of the smart mirror. In June 2020, Lululemon Athletica, a Canada-based athleisure and activewear company, acquired Mirror for $500 million. The acquisition helps Lululemon Athletica to strengthen its position in the future of personalized remote exercise and expand the content creation partnership between the two companies. Mirror is a US-based home fitness company that offers wall-mounted smart mirrors for streaming workout classes. Asia-Pacific was the largest region in the smart mirror market in 2022. The regions covered in the smart mirror market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the smart mirror market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The smart mirror market consists of sales of smart mirrors with and without a touchscreen . Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The smart mirror market research report is one of a series of new reports from The Business Research Company that provides smart mirror market statistics, including smart mirror industry, global smart mirror market size, regional shares, competitors with an smart mirror market share, detailed smart mirror market segments, market trends and opportunities, and any further data you may need to thrive in the smart mirror industry. This smart mirror market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Passenger car aftermarket refers to services that provide manufacturing, remanufacturing, distribution, retailing, and installation of replacement, equipment, service repair, and automotive accessories. The main types of passenger car aftermarket are tires, batteries, brake parts, filters, body parts, lighting, wheels, exhaust components, turbochargers, and others. A tire, sometimes known as a tire, is a ring-shaped device that covers the rim of a wheel to carry a vehicle's load from the axle to the ground while also providing grip on the surface over which the wheel moves. The different Certifications include genuine parts, certified parts, and uncertified parts and are available through various distribution channels such as retailers (OEMs, repair shops), wholesalers, and distributors. The global passenger cars aftermarket market is segmented - 1) By Type: Tires, Battery, Brake parts, Filters, Body parts, Lighting, Wheels, Exhaust components, Turbochargers, Other Types 2) By Distribution Channel: Retailers (OEM's, Repiar Shops), Wholesalers & Distributors 3) By Certifiations: Genuine Parts, Certified Parts, Uncertified Parts The global passenger cars aftermarket market size grew from $226.33 billion in 2022 to $238.18 billion in 2023 at a compound annual growth rate (CAGR) of 5.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global passenger cars aftermarket is expected to grow from $290.21 billion in 2027 at a CAGR of 5.1%. Increasing the average lifespan of a car is one of the major drivers of the passenger car aftermarket market as it leads to an increase in consumers’ regular maintenance and scheduled servicing of the vehicle. The lifespan of the car describes the maximum service life in terms of mileage and time. Changing wheels, batteries, spark plugs, and air filters play a significant role in prolonging the life of a vehicle. According to IHS automotive Markit in 2021, the typical age of cars on the road in the US increased to 12.1 years from 11.9 years old in 2020. Thus, increasing the average lifespan of a car is propelling a passenger car aftermarket market. Major players in the passenger car aftermarket market report are Denso Corporation, Robert Bosch Gmbh, Continental AG, 3M company, Delphi Automotive PLC., ZF friedrichshafen AG, Magneti Marelli S.p.A, Cooper tire & Rubber Company, Federal -Mogul Corporation, Goodyear tire & rubber company, Aisin Seiki Co., Valeo, Sumitomo Electric Industries Ltd., Aptiv PLC., MAHLE GmbH, Schaeffler AG, ACDelCo., Mobileye, Eaton, Schaeffler Technologies AG, Lear Corporation, Yazaki Corp., Akebono Brake Corporation, American Axle & Manufacturing, Bridgestone Corporation, Gates Corporation, Hyundai Mobis Co. Ltd., Kumho Tires, Exide Technologies and Pirelli & C. S.p.A. Many companies are offering extended warranties to third parties on vehicle parts or services which in turn is hampering the growth of independent service providers. Extended warranties are given on a vehicle part/service to increase the lifetime of a vehicle which leads to free service or discounts for the consumer. Since all warranty repairs are performed by the OEM (Original Equipment Manufacturers) only, the aftermarket sales and services market which is generated majorly from dealer service centers suffers a loss. According to the Motor & Equipment Manufacturers Association (MEMA), in California for all light-duty vehicles extended warranties did not affect independent repair shops. The passenger car aftermarket market is using 3D printing technology also called Additive Manufacturing (AM) to make high-quality off-the-shelf car parts using 3D printers that are capable of printing in metals and alloys. 3D printing works by making a virtual 2D object in the software and constructing the 3D framework by using the printer. The use of 3D printing in producing automobile parts increases efficiency and raises the production standards of companies. Companies (original equipment manufacturers) such as General Motors, BMW, Ford, and Porsche have already started investing in this trend. The industry is regulated by several regulations governed by multiple international and country-specific agencies. One example of a such regulatory body is the National Highway Traffic Safety Administration (NHTSA) of the U.S. Standard number 108 of section 571 under Title -49 "Transportation" mentioned in the Code of Federal Regulations (CFR), states the requirements for original and replacement lamps, reflective devices, and associated lighting equipment for passenger cars as well as other multipurpose passenger vehicles. As defined in CFR, the purpose of section 571 is to set regulatory standards relating to lighting equipment in vehicles to be followed by motor vehicles including passenger cars. The standards also specify points where equipment such as Headlamps should be mounted in vehicles to make them easily visible on public roads both in daylight and in darkness or other conditions of reduced visibility thus reducing traffic accidents and deaths and injuries. In October 2021, Motus, Toyota, a South Africa-based automotive company, acquired FAI Automotive PLC. As a result of the acquisition, Motus will strengthen its international presence in the UK and expand its aftermarket parts business. FAI Automotive plc is a UK-based distributor of premium aftermarket automotive components. It is a leading supplier of high-quality engine and chassis components to the UK and international aftermarket, providing repair solutions for a wide range of vehicles Asia-Pacific was the largest region in the passenger car aftermarket market in 2022. North America was the second-largest region in the global passenger car aftermarket market share. The regions covered in the global passenger car aftermarket market analysis are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the passenger car aftermarket market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The passenger car aftermarket market includes revenues earned by entities by providing services such as manufacturing, distribution, retailing, installation, and remanufacturing of all vehicle parts and accessories. Revenues include fees, interest payments, commissions or transaction charges. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for specified geography are consumption values – that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales along the supply chain or as part of other products. The passenger car aftermarket market research report is one of a series of new reports from The Business Research Company that provides passenger car aftermarket market statistics, including passenger car aftermarket industry global market size, regional shares, competitors with a passenger car aftermarket market share, detailed passenger car aftermarket market segments, passenger car aftermarket market market trends and opportunities, and any further data you may need to thrive in the passenger car aftermarket industry. This passenger car aftermarket market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The automotive aftermarket is the secondary market of the automotive industry, concerned with the manufacturing, supply, retail, and installation of all vehicle parts, tools, machines, and accessories for light and heavy vehicles, after the sale of the automobile by the OEM (original equipment manufacturer). Aftermarket parts, also called generic parts or non-OEM parts, are made by a manufacturer other than the vehicle's original manufacturer. These parts perform the same function as the original part and can be utilized as a replacement for original parts during repair and maintenance. The main product types in the automotive aftermarket market are tires, batteries, brake parts, filters, body parts, lighting and electronic components, wheels, exhaust components, and turbochargers. These products are used in the maintenance and repair process of automobiles. By certification outlook, the main types of automotive aftermarket products are genuine parts, certified parts, and uncertified parts. Automotive aftermarket products are mainly used in passenger cars and commercial vehicles. These products are mainly sold through offline and online distribution channels. The global automotive aftermarket market is segmented – 1) By Types: Tire, Battery, Brake Parts, Filters, Body Parts, Lighting and Electronic Components, Wheels, Exhaust Components, Turbochargers 2) By Vehicle Type: Passenger Cars, Commercial Vehicles 3) By Certification Outlook: Genuine Parts, Certified Parts, Uncertified Parts 4) By Distribution Channels: Offline Distribution Channel, Online Distribution Channel The global automotive aftermarket market size will grow from $352.39 billion in 2022 to $411.81 billion in 2023 at a compound annual growth rate (CAGR) of 16.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of automotive aftermarket market is expected to grow to $727.99 billion in 2027 at a CAGR of 15.3%. Increasing sales of pre-owned and new vehicles are driving the automotive aftermarket market. For instance, as of 2021, consumers’ preference to purchase cars has almost reached pre-COVID-19 levels, mainly supported by demand in the United States and China, with new cars at 94% and used cars at 97% compared to pre-COVID-19 levels. In addition, there has been a significant increase in purchase intent for electric vehicles. So, the increasing preference for new and pre-owned vehicles is driving the demand for automotive aftermarket. Major players in the automotive aftermarket market are 3M Multinational conglomerate company, Continental AG, Delphi Automotive PLC, Federal-Mogul Corporation, COOPER TIRE & RUBBER COMPANY, Magneti Marelli S.p.A., Robert Bosch GmbH, Denso Corporation, ZF Friedrichshafen AG, AISIN SEIKI CO., LTD., Royal Dutch Shell PLC, Lear Corporation, Exide Technologies, Inc., Johnsons Controls Inc., and Goodyear Tire & Rubber Company. Technology advancement is a key trend gaining popularity in the automotive aftermarket market. Automotive aftermarket companies are increasingly using digital technologies and going online. For instance, in 2020, Continental, a technology company offering solutions to the automotive industry, introduced a online portal for the automotive aftermarket. It helps to easily identify the suitable spare parts from the range of offer by workshops and dealers. In 2021, Spiffy, a mobile car care, technology, and services company, announced a partnership with RepairPal, an auto repair network. With this partnership, Spiffy fleet customers can access independent auto repair shops in RepairPal’s network. RepairPal’s is a US-based company that offers car owners with free car repair estimation and relates them with reliable shops that accurate fair prices, quality parts. Asia-Pacific was the largest region in the automotive aftermarket market in 2022. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the automotive aftermarket market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the Automotive Aftermarket market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The automotive aftermarket includes revenue earned by entities by vehicle parts, equipment, replacement tires, service repair, collision repair and accessories. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The automotive aftermarket research report is one of a series of new reports from The Business Research Company that provides automotive aftermarket statistics, including automotive aftermarket industry global market size, regional shares, competitors with automotive aftermarket share, detailed automotive aftermarket segments, market trends and opportunities, and any further data you may need to thrive in the automotive aftermarket industry. This automotive aftermarket research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.