About Glass Processing Equipment
Breaking, cutting, drilling, and grinding glass is done with glass processing equipment. The commodity is used in a variety of industries, including food and beverage, manufacturing, consumer electronics, automotive, and others. Glass packaging is becoming more common in the food, beverage, pharmacy, and drug industries. Rising usage in the packaging of soft drinks and beer will drive the growth of the glass industry.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.25% |
The global market for glass processing equipment is highly fragmented. To expand their global business reach, key market players are forming strategic alliances and making strategic merger and acquisition decisions. Companies are focusing on developing advanced manufacturing machinery that can reduce the total production time. Analyst at AMA Research estimates that Global Manufacturers will contribute the maximum growth to Global Glass Processing Equipment market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
VON ARDENNE GmbH (Germany), Yihai Machinery Manufacture Limited Company (China), SK Glass Machines (India) Pvt. Ltd. (India), LandGlass (China), Bottero (United Kingdom), Foshan Datuo Glass Machinery Co., Ltd. (China), Luoyang North Glass (China) , Unity Glass Industry (India) , Biesse Group (Italy) and OCMI-OTG (Italy) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Glaston (Finland), Glasstech (India), Leybold GmbH (Germany) and Bottero (Italy).
Segmentation Overview
AMA Research has segmented the market of Global Glass Processing Equipment market by Type (Machinery for cutting glass, Machinery for breaking glass, Glass-grinding machine, Glass drilling machine and Others), Application (Food & Beverage, Construction, Automotive, Consumer Electronics and Furniture and Others) and Region.
On the basis of geography, the market of Glass Processing Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Solar Control and Lightweight Glass
Market Growth Drivers:
Increased Green Construction Activities and Rising Usage in the Packaging of Soft Drinks and Beer
Challenges:
Fluctuating Raw Material Costs
Restraints:
Manufacturers Moving from Glass to Paper Packaging
Opportunities:
Growth in Food & Beverage Industry and Rising focus on Developing Innovative Technology
Market Leaders and their expansionary development strategies
On January 18, 2023, Glaston Corporation, a Finnish company, announced the acquisition of BenKGS, a German company specializing in tempering furnaces for architectural glass
On November 17, 2023, Glaston Corporation launched a new tempering furnace model, the FCX, which is designed for high-volume production of architectural glass.
Key Target Audience
Glass Processing Equipment Manufacturers, Specialized Equipment Component Suppliers, Engineering and Procurement Firms, Investment Analysts, Glass Manufacturers, End-Use Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.