The 2023 data indicates Slovakia leading European exports of glass rear-view mirrors for vehicles with a 36.76% share, reflecting a 9.09% year-on-year increase. Hungary holds 16.24% with a modest 3.17% rise. Notably, Germany and Spain show declines at -7.18% and -7.78%, respectively. Italy and Poland, with shares at 11.4% and 7.15%, display stable and 6.05% growths. Emerging markets like Belgium and Lithuania experience significant growth, with the latter at 23.3%. Conversely, France's share dips by 10.5%.
Looking ahead, the European market for vehicle mirrors is expected to see increased competitiveness from emerging markets such as Belgium and Lithuania, supported by growing production capacities. Established leaders like Slovakia and Hungary are likely to focus on technological advancements to maintain their positions. Countries with declining shares may seek innovation and efficiency improvements. Additionally, the industry may adapt to evolving automotive trends like autonomous vehicles and sustainable manufacturing, shaping future export strategies. Monitoring these dynamics will be crucial for stakeholders aiming to capitalize on evolving opportunities within the market.
Top countries in Export of Glass Rear-View Mirrors for Vehicles Share by Country (Units (Items))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Slovakia | 36.76 | 2023 | +5.48% | +9.09% | View data |
| 2 | 2 Hungary | 16.24 | 2023 | +3.19% | +3.17% | View data |
| 3 | 3 Germany | 12.04 | 2023 | -5.49% | -7.18% | View data |
| 4 | 4 Italy | 11.4 | 2023 | -22.19% | View data | |
| 5 | 5 Spain | 7.23 | 2023 | -11.59% | -7.78% | View data |
| 6 | 6 Poland | 7.15 | 2023 | +4.92% | +6.05% | View data |
| 7 | 7 France | 6.55 | 2023 | -2.79% | -10.5% | View data |
| 8 | 8 Belgium | 2.18 | 2023 | +5.05% | +15.75% | View data |
| 9 | 9 Romania | 1.35 | 2023 | +3.48% | +0.65% | View data |
| 10 | 10 Netherlands | 0.89 | 2023 | +22.92% | +10.11% | View data |
