Global Glass Processing Equipment Market 2017-2021
About Glass Processing Equipment
Glass processing machinery is used for the cutting, grinding, and drilling and is used in various industries like construction, food and beverage, consumer electronics, furniture, and automotive. Glass processing equipment is an integral part of the glass industry as it plays a key role in transforming glass according to the end-user requirements. There are many applications in which glass is used, including windows, screens, and packaging materials. Glass processing equipment helps in making the glass into the desired form.
Technavio’s analysts forecast the global glass processing equipment market to grow at a CAGR of 3.91% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global glass processing equipment market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Glass Processing Equipment Market 2017-2021
Technavio recognizes the following companies as the key players in the global glass processing equipment market: Biesse Group, Bottero, CMS Glass Machinery, Conzzeta Management, Glaston, HEGLA, and OCMI-OTG.
Other Prominent Vendors in the market are: BENTELER International, ZHONGSHAN DEWAY MACHINERY MANUFACTURE, IGE Glass Technologies, LandGlass Technology, LiSEC, Shenzhen Handong Glass Machinery, Siemens, and SK Glass Machines.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increase in green construction activities. Glass is used in construction mainly to lower costs and to ensure low energy consumption in buildings. Buildings that utilize green energy are called green buildings. Green construction thus includes the use of low e-glass, which is highly energy efficient and reduces carbon emissions.”
According to the report, one driver in the market is increasing demand for glass from construction industry. There has been a huge growth in the construction industry due to the rise in population and urbanization. To accommodate the needs of their increasing populations, governments worldwide are trying to establish new residential and commercial projects. However, the growth in the construction industry will increase the demand for glass processing equipment as many new construction projects are using curtain walls instead of the traditional walls. Most of the demand for glass in the construction sector is attributed to the growing use of curtain walls.
Further, the report states that one challenge in the market is highly capital-intensive market. The global glass processing equipment market is a technologically developing sector, and it requires constant investment in R&D for the development of new products according to changing needs. Materials such as iron and steel, aluminum, stainless steel, titanium, brass, copper, and other alloys are necessary to manufacture glass processing machinery. The fluctuations in raw material prices disrupt the pricing strategy of glass processing equipment manufacturers.
Biesse Group, Bottero, CMS Glass Machinery, Conzzeta Management, Glaston, HEGLA, and OCMI-OTG, BENTELER International, ZHONGSHAN DEWAY MACHINERY MANUFACTURE, IGE Glass Technologies, LandGlass Technology, LiSEC, Shenzhen Handong Glass Machinery, Siemens, and SK Glass Machines.