Global Glove Box Market Overview:
A Glove box is a sealed container which is designed to manipulate such objects which require a separate kind of atmosphere. Gloves are arranged in the sides or front of the box in such a way that the operator can place their hands into them and perform any tasks inside the box without breaking the containment. The box is either completely transparent or partially transparent according to the industry it is used in, so as to see the work performed inside the box. There are mainly two types of glove boxes. The first type is used to work with hazardous substances, like radioactive materials or any infectious disease agent, and the second type of glove box is used for manipulation of substances that have to be placed in a very high and purely inert atmosphere, like argon and nitrogen.
As per latest study released by AMA Research, the Global Glove Box market is expected to see growth rate of 5.65%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
The demand of Electronic Devices, Demand for Advanced Ammunition from Defense Perspective and Government Safety Regulations Regarding Glove Box
Market Growth Drivers:
Customization of Electronic, Chemical, and Automobile Products and Increase in Demand from End-Use Industries to Provide Protection of Operators from Hazardous Substances
Challenges:
Lack of Awareness Regarding Usage of Glove Box
Restraints:
Difficulty in Maintenance of Glove Box
Opportunities:
Increase in Research and Development of Chemical, Electronic and Automobile Industry
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are exploring new geographies and industries through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Air Science (United States), Banthrax (United States), Cleatech LLC(United States), Cole-Parmer (United States), Erlab (China), Systemtechnik GmbH (Germany), HEMCO Corporation (United States), Glove Box Technology Ltd (United Kingdom), LC Technology Solutions (United States), Banglore Vaccum Technology(India), Plas-Labs(United States) and Vigor Tech (United States). Additionally, following companies can also be profiled that are part of our coverage like Sicco (Germany), mBraun (United States) and Jacomex (France). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global Glove Box market by 2030. Considering Market by Industry Vertical, the sub-segment i.e. Manufacturing will boost the Glove Box market. Considering Market by Operating Type, the sub-segment i.e. 2-Ports (1 operator) will boost the Glove Box market. Considering Market by Mobility, the sub-segment i.e. Stationary Glove Box will boost the Glove Box market. Considering Market by Material, the sub-segment i.e. Stainless Steel will boost the Glove Box market.
Latest Market Insights:
In June 2023, Magna International, a major automotive supplier, partnered with Faurecia to develop and produce glove boxes with integrated lighting and climate control functions. This collaboration aimed to enhance the functionality and aesthetics of vehicle interiors.
In September 2023, Magna International unveiled a new line of customizable glove boxes with configurable lighting and charging options, aiming to cater to individual driver preferences.
What Can be Explored with the Glove Box Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Glove Box Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Glove Box
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Glove Box market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Glove Box market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Glove Box, Distributors of Glove Box, Pharmaceuticals Industry, Chemical Industry, Manufacturing Industry and Governmental Bodies.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.