PUBLISHER: Polaris Market Research | PRODUCT CODE: 1219532
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1219532
The global fogless mirror market size is expected to reach USD 692.96 million by 2032, according to a new study by Polaris Market Research. The report "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" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The increasing popularity of fogless mirrors in various types of commercial settings such as gyms, restaurants, hotels, spas, and salons along with the change in consumer purchasing and spending behavior for home decor drives the market. In addition, the easy availability of a wide & diverse range of anti-fog or fog-free mirrors at a large number of retail outlets around the world also drove market growth. Furthermore, several companies are establishing and focusing on strengthening their online presence through various eCommerce platforms and social media sites, which is further influencing the market growth.
According to a prediction by FTI Consulting, the total online retail sales are estimated to reach over USD 1.07 trillion by the end of 2022. By the end of 2022, the share of online sales will likely be 22.1%, up from 20.8% in 2021. And, it is also predicted that eCommerce sales will reach USD 2 trillion by 2030, which comprises about 31% of the market share.
In recent years, the trend of decoration of homes and bathrooms and having a lavish interior look, as a result of attractive promotions run by various online channels and through social media sites across the globe is gaining high traction to maintain good relations with their customers, key players are implementing on advancement and advisory services along with a warranty, that helps them to gain competitive advantages and consolidate their position ahead of its competitors.
Polaris Market Research has segmented the fogless mirror market report based on type, application, shape, distribution channel, and region: