A recent report published by Infinium Global Research on glass processing equipment market provides in-depth analysis of segments and sub-segments in the global as well as regional glass processing equipment market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional glass processing equipment market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global glass processing equipment market. According to the report, the global glass processing equipment market is projected to grow at a CAGR of 3.2% over the forecast period of 2019-2025.
Glass processing equipment is used in various end-user industries such as automotive, construction, consumer electronics, furniture, and many other industries in order to cut, drill and grid the glass. Glass processing equipment is a primary part of the glass industry as it plays a major role in make glass in the desired form as per the end-user requirements.
The growing demand for glass in the construction industry across the globe drives the growth of the glass processing equipment market. There has been rapid growth in the construction industry owing to the increasing population and urbanization. Furthermore, glass is used in the construction industry in order to reduced operating costs and low energy consumption in buildings will add to market demand for green building. Thus, growing green construction activities augments the growth of glass processing equipment market. Glass is a primary packaging material in food and beverages and pharmaceutical industry. This is due to its numerous characteristics like product safety, flavor brilliance, and freshness and environment-friendly nature as it is manufactured by using natural raw materials. Furthermore, growing uses of glass in packaging for soft and hard drink have a positive impact on the glass industry. Which, in turn, boost the global glass processing equipment market. However, fluctuation in raw materials prices interrupts the pricing strategy of glass processing equipment vendors. Furthermore, the major vendors in the glass processing equipment market are focusing on innovative technologies and digitalization is expected to widen the opportunities for the market.
Asia-Pacific is the major contributor to the glass processing equipment market throughout the forecast period. The growing use of glass in various products including food & beverages, pharmaceuticals, chemicals and so on is rising rapidly among countries like China and India. Which, in turns, boost the market growth in the Asia-Pacific region. North America and Europe are accounted to hold a substantial share in the global glass processing equipment market owing to the increasing consumption of beer and wine.
The report on global glass processing equipment market covers segments such as end-user. On the basis of end-user, the sub-markets include food and beverage, construction, automotive, consumer electronics and furniture, and other end-users.
The report provides profiles of the companies in the market such as OCMI-OTG, HEGLA GmbH & Co. KG, Glaston OYJ Abp, Conzzeta Management, CMS Glass Machinery, Bottero Glass Technologies, Biesse Group, Siemens AG, BENTELER International, IGE Glass Technologies, and LandGlass Technology.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of glass processing equipment market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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