Market Size of North America Decorative And Illuminated Mirror Industry
Study Period | 2020-2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 435.96 Million |
Market Size (2029) | USD 508.84 Million |
CAGR (2024 - 2029) | 3.13 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
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North America Decorative And Illuminated Mirror Market Analysis
The North America Decorative And Illuminated Mirror Market size is estimated at USD 435.96 million in 2024, and is expected to reach USD 508.84 million by 2029, growing at a CAGR of 3.13% during the forecast period (2024-2029).
The increasing popularity of smart home devices influenced the growth of the decorative and illuminated mirror market in North America. In a smart home ecosystem, smart devices and voice assistant technology like Alexa and Google can be integrated with decorative and illuminated mirrors. Illuminated mirrors gained popularity in North America due to multifunctionality and modern touch. Since the demand for smart home devices is increasing, manufacturers and technology companies enhance the market growth.
The increasing trends in minimalist interior design with intelligent home integration increase the demand for decorative and illuminated markets in North America. Consumers in North America prioritize illuminated mirrors that offer functionality and provide elegance to living spaces. Due to the growing awareness of benefits like energy efficiency and longer lifespan, North America has increased demand for the decorative and illuminated mirror market.
The increased social media platforms and lifestyle trends contributed to North America's decorative and illuminated mirror market growth. The consumer's shift towards energy-efficient and sustainable solutions has also boosted the demand for illuminated mirrors. Amid consumer concerns regarding energy consumption and environmental impact, there is an increased demand for decorative and illuminated mirrors.