Glass processing machinery: Key market research findings
- Growing popularity of energy-efficient buildings propels market growth
- The construction segment accounts for a majority of the market’s revenue
- Key vendors – Biesse, Bottero, CMS, Conzzeta, Glaston, and OCMI-OTG
Technavio’s market research analysts predict the global market for glass processing equipment to post a revenue of more than USD 1 billion by 2020. The shift towards energy-efficient glass manufacturing processes is triggering an increase in the demand for glass processing equipment globally. The rise in energy costs coupled with the increasingly cost-competitive nature of the market is propelling glass manufacturers to adopt energy-efficient solutions. Furthermore, the steady rise in electricity prices has also amplified the operational cost of such facilities, resulting in a direct impact on the facility’s bottom line. In 2015, the majority share of the demand for glass processing equipment was accounted for by the APAC region. The growth of the automotive and construction sectors in APAC is likely to fuel the demand for glass processing equipment in the region during the forecast period.
The new market research report from Technavio presents a breakdown and analysis of the glass processing equipment segments based on the end-user.
“Recently, there has been a noticeable increase in investments made in green construction across the globe. Glass is increasingly being used by architects and building engineers to design and construct low energy or passive buildings, which qualify as green buildings. The use of energy-efficient glass such as Low-E glass offers many features that contribute to a building being categorized as green. This growing inclination towards green buildings will boost the demand for glass in the construction industry,” says Anju Ajaykumar, Lead Analyst, Heavy Industry, Technavio Research.
By 2020, the construction segment will retain its dominant position in the market by accounting for almost 57% of the overall market revenue. The chemical and physical properties of glass such as its chemical resistance, electricity resistance, design flexibility, and inertness to changes in climatic conditions drive the use of glass as one of the most viable building materials in the construction sector. Technological advances have led to further modification of the properties of glass in terms of weight and strength, thereby, propelling the demand for glass from the construction sector.
The key vendors in the global glass processing equipment market include Biesse, Bottero, CMS, Conzzeta, Glaston, and OCMI-OTG. The market is expected to attract new players while established players will concentrate on the continuous restructuring of marketing strategies and product innovation. Innovative new technologies and digitalization of glass processing will widen the opportunities for greater market exposure. Smart glass is one such area where vendors seek market growth. For example, with the emergence of smart glass and its expanding applications, Glaston has invested in a California-based company specializing in the development of smart glass.
A more detailed analysis is available in the Technavio report, Global Glass Processing Equipment Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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