The Latin America, Middle East and Africa Fogless Mirror Market would witness market growth of 7.4% CAGR during the forecast period (2022-2028).
The increasing demand for contemporary, smart homes fitted with extravagant and luxurious interior designs is emerging as a significant factor that is propelling growth in the demand for fogless mirrors. Additionally, the re-emergence of the tour and travel industry after the pandemic is fuelling the demand for the product in luxury hotels and restaurants.
Additionally, according to the United Nations World Tourism Organization (UNWTO), tourism spending has witnessed an increase in most developed countries. The highest spending on international tourism emerged in France, while the US stood out in the growth of tourism in absolute terms.
Furthermore, Saudi Arabia, and Brazil showed some changes in the tourism sector as well. The rise in tourism directly correlates to the increase in the hospitality industry, which means the number of hotels, resorts, restaurants, etc. The growth in the hospitality sector further propagates the change in luxury and decorative consumer goods and, as such, helps in increasing the demand for fogless mirrors as well.
The development of several modern and extravagant hotel complexes in the United Arab Emirates during the past several years has served as the catalyst for the tourism industry's expansion. The region is grateful for having one of the top hospitality industries in the world. The number of domestic and international hotel chains that offer greater levels of service is growing every year. In addition, where festivals, conferences, and seminars are hosted locally and internationally is greatly influenced by the hospitality industry.
The Brazil market dominated the LAMEA Fogless Mirror Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $9.8 million by 2028.The Argentina market is experiencing a CAGR of 7.9% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 7% during (2022 - 2028).
Based on Type, the market is segmented into Stable and Portable. Based on Distribution Channel, the market is segmented into Offline and Online. Based on Application, the market is segmented into Residential and Commercial. Based on Shape, the market is segmented into Square, Round and Oval. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Fogless Mirror Market is Predict to reach $522.6 Million by 2028, at a CAGR of 5.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cumberland Companies LLC (The Shave Well Company), Electric Mirror, Inc., New Home Bath & Mirror, Inc., Toilet Tree Products, Inc., Zadro, Inc., Roper Rhodes Ltd. (Svedbergs Group AB), HiB Ltd., LAUFEN Bathrooms AG (ROCA group), FAB Glass and Mirror, and Foshan Sino Hardware Products Co., Ltd.
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