Enjoy complimentary customisation on priority with our Enterprise License!
The flat glass processing machinery market's share will increase by USD 301.3 million from 2021 to 2026 at a CAGR of 3.7%.
This flat glass processing machinery market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers flat glass processing machinery market segmentation by:
Download the Free Report Sample to Know More
Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the flat glass processing machinery industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
One of the key factors driving growth in the flat glass processing machinery market is the need for energy-efficient glass manufacturing. The market is increasingly moving toward energy-efficient manufacturing solutions propagated by glass manufacturers focusing on energy savings. The rise in energy costs coupled with the increasingly cost-competitive nature of the market is propelling glass manufacturers to adopt energy-efficient solutions. The steady increase in electricity prices has also increased its operation cost, resulting in a direct impact on the facility's bottom line.
Several programs are also boosting the adoption of energy-efficient solutions by providing various guidelines and performance-assessment parameters. The increasing focus on energy efficiency backed by efforts of glass manufacturers and various organizations will lead to a growth in demand for advanced flat glass processing machinery, thus positively impacting the market growth during the forecast period.
The increased green construction spending is a flat glass processing machinery market trend that is expected to have a positive impact in the coming years. Glass is increasingly being used by architects and building engineers to design and construct low-energy or passive buildings, which qualify as green buildings. The use of energy-efficient glass such as low-E glass offers many features that contribute to a building being categorized as "green".
The advantages offered by glass are propelling its use in modern buildings. As witnessed by the rising investments, the trend toward green buildings will, therefore, increase the demand for glass in the construction industry. This will stretch the need for more energy-efficient glass manufacturing facilities, contributing to the demand for glass processing machinery. Various green building associations and councils are further pushing the trend toward greater adoption of glass as a primary building material with the aim to maximize energy savings and reduce greenhouse gas (GHG) emissions.
The capital-intensive market will be a major challenge for the flat glass processing machinery market during the forecast period. There is a considerable increase in the capital needed by glass processing machinery manufacturers to offer advanced machinery in the market. The manufacturing of glass processing machinery requires raw materials like brass, steel, aluminum, iron, titanium, stainless steel, copper, and other alloys. The inclusion of these materials constitutes approximately 47% of the overall machinery manufacturing expenses, whereas labor expenses are up to 28% of the overall machinery manufacturing expenses. Fluctuating raw material prices disrupt the pricing strategy of glass processing machinery manufacturers. Manufacturers also incur additional costs when hiring consultants or design specialists. All these factors add to the manufacturing costs, thus adversely affecting the growth of the global flat glass processing machinery market. Thus, the capital-intensive market will negatively impact the market in focus during the forecast period.
This flat glass processing machinery market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
For more insights on the market share of various regions Request for a FREE sample now!
45% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for flat glass processing machinery in APAC. Market growth in this region will be faster than the growth of the market in the European, North American, and South American regions.
The growth in the automotive and construction end-use sectors will facilitate the flat glass processing machinery market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of the COVID-19 pandemic in 2020 severely impacted the lives of thousands of people around the world. Due to the widespread nature of COVID-19, governments across several APAC countries imposed lockdowns to contain the spread of the disease during 2020 However, the recovery of economies in the region from the COVID-19 crisis due to the roll-out of vaccines and the decline in COVID-19 cases will propel the growth of the regional flat glass processing machinery market during the forecast period.
To gain further insights on the market contribution of various segments Request for a FREE sample
The flat glass processing machinery market share growth by the construction segment will be significant during the forecast period. The broad spectrum of properties offered by glass leads to its wide application in the construction sector. The chemical and physical properties of glass with characteristics such as chemical resistance, electricity resistance, design flexibility, and inertness to changes in climatic conditions drive its use as the most viable building material in construction. In addition, technological advances have led to further modification of the properties of glass, especially in terms of weight and strength, which had hitherto hindered the large-scale application of glass in construction, thus, advocating the case for increased demand for glass from the construction sector.
This report provides an accurate prediction of the contribution of all the segments to the growth of the flat glass processing machinery market size and actionable market insights on post COVID-19 impact on each segment.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the flat glass processing machinery market encompasses successful business strategies deployed by the key vendors. The flat glass processing machinery market is fragmented and the vendors are deploying growth strategies such as concentrating on developing innovative concepts in glass processing with expansions in product range to mark their presence in standalone equipment and fully automated lines to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The flat glass processing machinery market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Flat Glass Processing Machinery Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Decelerate at a CAGR of 3.7% |
Market growth 2022-2026 |
USD 301.3 million |
Market structure |
Fragmented |
YoY growth (%) |
3.98 |
Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
Performing market contribution |
APAC at 45% |
Key consumer countries |
US, China, Japan, France, and Germany |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Benteler International AG, Biesse SpA, Bottero SpA, Bystronic Laser AG, Central Glass Co. Ltd., CMS Glass Machinery, Glasstech Inc., Glaston Oyj Abp, Haselsteiner GmbH, HEGLA GmbH and Co. KG, IGE Glass Technologies Inc., LandGlass Technology Co. Ltd., LISEC Holding GmbH, Luoyang North Glass Technology Co. Ltd, OCMI OTG SpA, Shenzhen Handong Glass Machinery Co. Ltd., Siemens AG, SK Glass Machines India Pvt. Ltd., VON ARDENNE GMBH, and Zhongshan Deway Machinery Manufacturing Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.