Market revenue in 2022 | USD 32.6 million |
Market revenue in 2030 | USD 62.3 million |
Growth rate | 8.5% (CAGR from 2022 to 2030) |
Largest segment | Wall mounted |
Fastest growing segment | Wall Mounted |
Historical data | 2017 - 2021 |
Base year | 2022 |
Forecast period | 2023 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Wall Mounted, Free-Standing |
Key market players worldwide | Electric Mirror, LLC, SEURA, Hidden Television, Majestic Mirror & Frame, Lumidesign, Evervue, Videotree |
Wall mounted was the largest segment with a revenue share of 84.66% in 2022. Horizon Databook has segmented the China smart mirror market based on wall mounted, free-standing covering the revenue growth of each sub-segment from 2017 to 2030.
According to the Global Wellness Institute, the fitness industry in China experienced remarkable growth, evolving into a significant market over a span of five years. In 2015, the sector was valued at USD 4.4 billion. However, by the end of 2020, it had soared to an impressive USD 11.4 billion, marking a remarkable 160% increase within that relatively short timeframe.
This substantial growth not only reflects the rising interest in fitness and wellness among the Chinese population but also demonstrates the industry's ability to capitalize on evolving consumer preferences and market opportunities.
Smart mirrors are used to deliver virtual fitness classes in homes and gyms in China. Users can follow along with pre-recorded or live workouts led by professional trainers displayed on the mirror's screen.
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