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Information Technology Transforms Glass Industry

DUBLIN, June 26, 2023 /PRNewswire/ — The “Glass Processing Equipment: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.

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The global market for Glass Processing Equipment estimated at US$1.8 Billion in the year 2022, is projected to reach a revised size of US$2.6 Billion by 2030, growing at a CAGR of 5% over the analysis period 2022-2030.

Glass Cutting, one of the segments analyzed in the report, is projected to record a 5.8% CAGR and reach US$1 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Glass Grinding segment is readjusted to a revised 4.8% CAGR for the next 8-year period.

The U.S. Market is Estimated at $369.7 Million, While China is Forecast to Grow at 5.7% CAGR

The Glass Processing Equipment market in the U.S. is estimated at US$369.7 Million in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$672 Million by the year 2030 trailing a CAGR of 5.7% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.7% and 4.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$457.7 Million by the year 2030.

Select Competitors (Total 42 Featured) –

  • Beijing Hanjiang Automatic Glass Machinery Equipment Co., Ltd.

  • Benteler International AG

  • Biesse Group

  • Bottero S.p.A.

  • CMS Glass Machinery

  • Foshan Datuo Glass Machinery Co., Ltd.

  • Glasstech, Inc.

  • Glaston Corporation

  • HEGLA GmbH & Co. KG

  • Keraglass Industries S.r.l.

  • LandGlass Technology Co., Ltd.

  • LISEC Austria GmbH

  • OCMI-OTG S.p.A.

  • Shenzhen Handong Glass Machinery Co., Ltd.

  • Siemens AG

  • SK Glass Machines (India) Pvt. Ltd.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Glass Processing Equipment – Global Key Competitors Percentage Market Share in 2021 (E)

  • Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2021 (E)

  • Impact of COVID-19 Pandemic and Looming Global Recession: 2020 Marked as a Year of Disruption & Transformation

  • As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021?

  • World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022

  • Effect of Pandemic on Key End-Use Industries of Glass Processing Equipment

  • Construction

  • Global Construction Reset & Trajectory – Growth Outlook (In %) For Years 2019 Through 2025

  • Automotive

  • Global Automotive Market Reset & Trajectory – Growth Outlook (In %) For Years 2019 Through 2025

  • Electrical Equipment & Consumer Electronics

  • Packaging

  • An Introduction to Glass Processing Equipment

  • History of the Glass Industry

  • Glass Machinery and Equipment

  • Global Market Prospects & Outlook

  • World Glass Processing Equipment Market by Machine Type (2021 & 2027): Percentage Breakdown of Sales for Glass Cutting, Glass Grinding, Glass Breaking, Glass Drilling, and Other Machine Types

  • Analysis by End-Use

  • World Glass Processing Equipment Market by End-Use (2021 & 2027): Percentage Breakdown of Sales for Construction, Automotive, Consumer Electronics, Food & Beverage, and Other End-Uses

  • Regional Analysis

  • Global Market for Glass Processing Equipment: Percentage Breakdown of Sales for Developed and Developing Regions (2021 & 2027)

  • Global Market for Glass Processing Equipment – Geographic Regions Ranked by % CAGR (Sales) for 2020-2027: China, Asia-Pacific, Latin America, Middle East, Africa, Canada, USA, Europe, and Japan

  • Competitive Scenario

  • Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Energy Efficiency Redefines Equipment Engineering

  • Glass Processing Equipment and Industry 4.0

  • Rise in Digitalization Augurs Well for Adoption of Industry 4.0

  • Major Industry 4.0 Technologies: Global Market Size (US$ Billion) for Internet of Things (IoT), Big Data, Smart Factory, Advanced Analytics, Service Robotics, and Smart Machines for 2020

  • AI for Machine Operations

  • Automotive Glass Processing Trends

  • Global Production Capacity of the Automobile Industry (In Million Units) by Region for the Years 2017 and 2022

  • Consumer Electronics: A Key End-Use Segment

  • Growing Market for Consumer Electronics Presents Opportunity for Glass Market: Consumer Electronics Sales in US$ Billion for the Years 2018, 2020, 2022 and 2024

  • Glass Pharmaceutical Packaging Market: Sustained Growth in Store Leading to Uptick in Processing Machinery Demand

  • Industrial IoT and Glass Processing

  • Global Investments in Industrial IoT (IIoT) Platforms (In US$ Million) for the Years 2018, 2022 and 2025

  • Information Technology for Flat Glass Processing

  • Information Technology Transforms Glass Industry

  • High-Precision Glass Processing with Innovative Technology

  • New Trends and Quality Standards in Glassmaking

  • Flat Glass Tempering Machines Market

  • Glass Recycling Trends

  • While the US Lags, Europe Leads in Glass Recycling

  • Machinery Innovations

  • Europe Witnesses a Spate of Innovations

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/rki6g

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