Global Automotive Outside Rearview Mirrors (ORVM) Market Growth 2025-2031

Global Automotive Outside Rearview Mirrors (ORVM) Market Growth 2025-2031

Product Code:1357723

Published Date: Feb 05,2025

Pages: 164

Region: Global

Category: Automobile & Transportation

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The global Automotive Outside Rearview Mirrors (ORVM) market size is predicted to grow from US$ 2812 million in 2025 to US$ 3948 million in 2031; it is expected to grow at a CAGR of 5.8% from 2025 to 2031.

Automotive Outside Rearview Mirrors (ORVM) are critical components of automobiles that assist drivers in seeing behind the vehicle. These mirrors provide a clear view of traffic and obstacles behind the car, enabling safe driving and improved visibility. ORVMs typically consist of a reflective element mounted on a mechanical arm that allows for precise adjustment and positioning. They are essential components of modern automobile design and safety standards.

Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world"s automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world"s largest car exporter, exporting more than 3.5 million vehicles in 2022.

LP Information, Inc. (LPI) ' newest research report, the “Automotive Outside Rearview Mirrors (ORVM) Industry Forecast” looks at past sales and reviews total world Automotive Outside Rearview Mirrors (ORVM) sales in 2024, providing a comprehensive analysis by region and market sector of projected Automotive Outside Rearview Mirrors (ORVM) sales for 2025 through 2031. With Automotive Outside Rearview Mirrors (ORVM) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Outside Rearview Mirrors (ORVM) industry.

This Insight Report provides a comprehensive analysis of the global Automotive Outside Rearview Mirrors (ORVM) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive Outside Rearview Mirrors (ORVM) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Automotive Outside Rearview Mirrors (ORVM) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Outside Rearview Mirrors (ORVM) and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Outside Rearview Mirrors (ORVM).

This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Outside Rearview Mirrors (ORVM) market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
    Electronic Rearview Mirror
    Traditional Rearview Mirror

Segmentation by Application:
    OEM
    Aftermarket

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
    Gentex
    Magna
    Ficosa
    Continental
    Murakami Corporation
    SMR Automotive
    Tokai Rika
    Mitsuba Corporation
    SL Corporation
    Flabeg Automotive
    Able Progress Industry
    Samvardhana Motherson
    Ichikoh Industries
    Ningbo Huaxiang Electronic
    Sunny Optical
    MEKRA Lang
    Stoneridge
    Hyundai Mobis
    YF Tech
    ADAYO
    Denso
    Nidec

Key Questions Addressed in this Report
What is the 10-year outlook for the global Automotive Outside Rearview Mirrors (ORVM) market?
What factors are driving Automotive Outside Rearview Mirrors (ORVM) market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Automotive Outside Rearview Mirrors (ORVM) market opportunities vary by end market size?
How does Automotive Outside Rearview Mirrors (ORVM) break out by Type, by Application?