According to the latest market research study by Technavio, the global flat glass processing machinery market is predicted to grow at a CAGR of more than 4% during the forecast period 2017 to 2021.
This report by Technavio provides an in-depth analysis of the global flat glass processing machinery market in terms of revenue and developing market trends. The report also includes an up-to-date analysis and forecasts for various market sections and all geographical regions.
Technavio research analysts categorize the market based on the application
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The important three revenue contributing product segments are discussed below:
Flat glass processing machinery market in the construction sector: The broad spectrum of properties offered by glass materials in the construction industry will fuel the development in the flat glass processing machinery market. The presence of chemical and physical properties of glass such as chemical resistance, electricity resistance, design flexibility, and inertness to changes in climatic conditions drives the use of these materials in the construction business.
“The manufacturers in the market are focusing on technological advances to enhance the properties of glass material used in this industry. This advancement results in the enhancements in construction glass such as sun protection and temperature control. The vendors are also focusing on providing products that increase the energy efficiency of the building resulting in an increased adoption of these products in the global market,” says Anju Ajaykumar, a lead analyst at Technavio for research on engineering tools.
Flat glass processing machinery market in automotive sector: The increasing use of flat glass for the manufacturing of front windshield, side windshields, and rear windows will increase the demand for these machines in the automotive sector. The growing popularity of sunroofs in different car models will contribute to the demand for glass processing machinery in this market segment. Furthermore, the installation of gorilla glass in automobiles will increase the sale of this machinery in the global market.
Flat glass processing machinery market in consumer electronics and furniture sector: The growth in the demand for smartphones, TVs, laptops, and other electronic goods will have a positive impact on the flat glass processing machinery market in this sector. The rising requirement for scratch-resistant and slim displays in electronic products is expected to drive the demand for glass in the segment. The use of flexible glass items in developing markets such as China, India, and Brazil will drive the growth of the market during the forecast period.
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The top vendors operating in the global flat glass processing machinery market are:
- Biesse
- Bottero
- CMS Glass Machinery
- Conzzeta
- Glaston
- HEGLA
The other leading vendors in the market include BENTELER International, Zhongshan Deway Machinery Manufacture, IGE Glass Technologies, LandGlass, LiSEC, Shenzhen Handong Glass Machinery, Siemens, and SK Glass Machines.
A more detailed analysis is available in the Technavio report titled, ‘Global Flat Glass Processing Machinery Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Glass Processing Equipment Market 2016-2020
- Global Silica Minerals Mining Market 2016-2020
- Global Ceramic Machinery Market 2016-2020
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