Global Glass Tempering Equipment Market Overview:
Tempered glass, also known as toughened glass, has been heat-treated to make it tougher and safer in the event it breaks. Tempered glass is four to five times stronger than annealed glass, or glass that has not been treated. Tempered glass breaks into little, comparatively harmless fragments rather than jagged shards when it breaks. Tempering is the gradual cooling of glass to remove internal tensions that occur during the manufacturing process. This process happens with the help of glass tempering equipment in a manufacturing facility. The Asia Pacific is the largest market for glass tempering equipment followed by North America due to large manufacturing activity.
As per latest study released by AMA Research, the Global Glass Tempering Equipment market is expected to see growth rate of 8.1%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:
Growing Innovation to Increase Efficiency of The Glass Tempering Equipment
Market Growth Drivers:
Need To Temper Glass in Order to Increase Its Strength and Growing Use of Tempered Glass in Apartments
Challenges:
Challenging Supply Chain Management Due to Complex Nature of Glass Tempering Equipment and Transportation Of Glass Tempering Equipment Is Difficult
Restraints:
Tempered Glass Cannot Be Reworked Once Tempered
Opportunities:
Rise Of Automotive Industry Will Boost the Demand of Glass Tempering Equipment and Increasing Demand of Glass Tempering Equipment from Developing Nations
Competitive Landscape:
Key players are adopting numerous strategies to gain market attention and to increase their market share, this strategy can be listed as increasing product portfolio, making partnerships to adopt certain technologies, and acquiring small players to finish the competition in the future. As well as investing money in the R&D sector to make technical upgrades to the product.
Some of the key players profiled in the report are EFCO (United Kingdom), Mappi International Srl (Italy), Glaston Corporation (Finland), Luoyang North Glass Technology (China), Glasstech (India), LiSEC (Austria), CoolTemper (United Kingdom), HHH Tempering Resources (United Kingdom), Ratnesh (India) and IGE Glass Technologies (United States). Analyst at AMA Research see Global Manufacturers to retain maximum share of Global Glass Tempering Equipment market by 2030. Considering Market by Industry Verticals, the sub-segment i.e. Automotive Industry will boost the Glass Tempering Equipment market. Considering Market by Size, the sub-segment i.e. Small Sized will boost the Glass Tempering Equipment market. Considering Market by Sales Channel, the sub-segment i.e. Direct will boost the Glass Tempering Equipment market.
Latest Market Insights:
In January 2021, Sisecam, a major glass manufacturer, acquired the remaining 10% stake in Sisecam Cevre Sistemleri, a company specializing in glass processing equipment, making it a wholly-owned subsidiary.
In February 2023, Glaston unveiled its AI-powered tempering system, which uses machine learning to optimize furnace settings and improve glass quality.
What Can be Explored with the Glass Tempering Equipment Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Glass Tempering Equipment Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Glass Tempering Equipment
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 Glass Tempering Equipment 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 Glass Tempering Equipment 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 Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Glass Tempering Equipment Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others.
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.