January 25, 2023 03:30 ET | Source: Future Market Insights Global and Consulting Pvt. Ltd. Future Market Insights Global and Consulting Pvt. Ltd.
Valley Cottage, New York, UNITED STATES Bathroom Vanity
NEWARK, Del: , Jan. 25, 2023 (GLOBE NEWSWIRE) -- The global fogless mirror market size was valued at US$ 431.85 million in 2023 and is projected to reach US$ 737.67 million by 2033, recording a CAGR of 5.5% over the forecast period.
Vanity goods spending and rising disposable income are two main factors driving growth in the fogless mirror market, especially in commercial settings like hotels and gyms. By accelerating product demand, rising tourism and travel sectors are also supporting the luxury restaurant and hotel growth. The hotel industry, for instance, is replacing regular mirrors with fogless mirrors to create a more luxurious atmosphere in the bathrooms of guest rooms.
Urbanization is steadily increasing in emerging countries such as India, China, and Brazil, with increasing demand and popularity for contemporary and smart homes. The rapid growth of the travel & tourism industry, as well as the rapidly growing tourism sector, is driving demand for fogless mirrors in luxury hotels, resorts, as well as many other applications, contributing to market growth.
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Increasing consumer spending has triggers the development of fogless mirrors around the world in recent years. Leading manufacturers now offer mirrors with Light-Emitting Diodes (LEDs) to add a touch of luxury and glamor to luxurious interiors. ToiletTree, a company focused in innovative bathroom décor provide fogless mirror for showers that are rustproof, water resistant and shatterproof.
“The popularity of eco-friendly products, derived from sustainable raw materials that don't contribute to environmental pollution, has led to higher adoption and prevalence of fogless mirrors worldwide.” says a lead analyst at Future Market Insights.
Key Takeaways from Market Study
Several prominent companies dominate this market, including The Shave Wall Company, Electric Mirror, Inc., New Home Bath &Mirror Inc., Toilet Tree Product, Zador, Inc., Roper Rhodes Ltd., HIB Ltd, LAUFEN Bathrooms AG, Roca Sanitario, YD Valve Co. Ltd., Shanghai Bagen Electronic Science & Technology Co., Henan Jiazhidong Sanitary Ware, Nilkamal Furniture, Inter IKEA Systems B.V., and others.
As a result of key players in the fogless mirror market, it is moderately fragmented. This is the introduction of innovative products and technological advancements by players to gain a competitive advantage. As a result of irreplaceable value propositions in product offerings, the market is likely to grow in the coming years.
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Fogless Mirror Market Segmentation by Category
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1. Executive Summary | Fogless Mirror Market
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