The forecasted production of glass rear-view mirrors for vehicles in the UK shows a consistent downward trend from 2024 to 2028. In 2023, the value was at 29.5 million euros. The year-on-year decrease each year highlights a reduction in demand or production capacity, with percentages dropping from 2024 onward.
- 2024: A decrease of approximately 5.8% from 2023.
- 2025: A further decline of about 5.8% from 2024.
- 2026: Down by roughly 6% compared to 2025.
- 2027: Falling 6.3% from 2026.
- 2028: A reduction of 6.6% from 2027.
The compound annual growth rate (CAGR) over the five years from 2024 to 2028 shows an average annual decline of about 6%.
Future trends to watch include technological advancements and shifts in automotive design priorities, which could either revive or further diminish the demand for traditional glass mirrors as new materials and digital alternatives grow in prominence.
