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.