By Vishal Gupta/TechcircleUpThe prices of the mirrors on sale in the US, and in India, have gone up sharply, but it remains to be seen if the increased prices are a temporary phenomenon or whether the mirror industry is actually suffering from a shortage of mirrors.
In the US market, mirror manufacturers have struggled with the surge in demand for mirrors after the sale of mirrors to China’s Lenovo Group.
According to a report by Consumer Reports, the US Mirror Industry Association reported that it expects the number of mirrors sold in the first half of 2018 to reach 5,800, a 35% increase over the first quarter of 2017.
However, this does not mean that the mirrors industry is experiencing a shortage in the mirror market.
The industry has not experienced any shortage since the mid-1990s, when China and other Asian countries began to introduce their own mirrors into the US.
As the number and size of Chinese mirrors increased in the past decade, the number in the United States increased dramatically.
In 2017, there were nearly 2,000 Chinese mirrors in the U.S. According the Mirror Industry Institute (MIT), the total volume of Chinese mirror sales was approximately $5.5 billion in 2017, an increase of over 15% from the previous year.
Mirror manufacturers in the West have also been able to capitalize on this demand, as the US has the second-highest number of foreign mirror manufacturers in North America behind China.
According a 2016 report from the Institute for Data Visualization (IDV), the U-shaped pattern of the US mirror market is driven by the demand for the large mirror with the “U” shape.
The “U”-shaped pattern is especially popular in Europe, Japan and Korea, which have all been major exporters of mirrors since the early 1990s.
As India continues to grow in popularity as a destination for luxury mirrors, Chinese mirror manufacturers are looking for more ways to gain more market share in India.
According as the report by MIT, the Indian mirror market had experienced a massive growth from the mid 1990s to the mid 2000s.
However in the mid to late 2000s, the growth slowed and has slowed again since then.
This has resulted in the shortage of quality mirrors in India and increased competition for mirror sales in the country.
This shortage is especially problematic for Indian mirror manufacturers, as India has become the largest market for mirrors in North American.
As a result, Indian mirror makers are having to work harder to attract more buyers.
For instance, in 2017 India’s leading manufacturer, Nippon Miracom, was unable to sell any new high-end mirrors to American customers.
The company is currently focusing on developing more products for the Indian market, such as new types of high-density mirrors.
However if there is a shortage, India’s mirror industry will likely struggle to gain market share.
However Indian Mirror Manufacturers have to take care of themselves.
According one industry source, “The Chinese and other foreign manufacturers are taking care of their own by developing their own mirror manufacturing and export networks.
We are not going to be able to compete with them for a lot of the mirror manufacturers.”