Press release
Glass Processing Equipment Market Size, Share, Trends, Analysis and Forecast Report 2023-2030
There is an extensive range of glass processing equipment available on the market to meet the needs of various end customers, including as the construction and automotive industries. Glass can be molded, laminated, cut, and worked with using this equipment. The demand for glass products is heavily impacted by the residential and commercial construction sector.
Glass has become a far more common material for windows, facades, and interior applications in modern architecture in recent years. Modern glass processing equipment is now required to satisfy the industry's strict quality and customisation standards. Because smartphones, tablets, and other electronic gadgets with glass screens are so widely used, there is a greater demand for precisely cut glass parts. Equipment for processing glass is necessary to manufacture these fragile parts.
Glass Processing Equipment Market Size and Growth Analysis
The Global Glass Processing Equipment Market reached US$ 2.3 billion in 2022 and is expected to reach US$ 3.5 billion by 2030, growing with a CAGR of 5.5% during the forecast period 2023-2030.
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Glass Processing Equipment Market Dynamics and Trends
The residential sector is a prime example of the building industry's need for glass processing equipment. Housing and infrastructure development are urgently needed as the world's population continues to grow. Glass is the main component of modern home design because of its practicality and visual attractiveness.
For example, the U.S. Census Bureau reports that the residential building sector in the country has expanded dramatically. Notwithstanding the challenges posed by the COVID-19 pandemic, the number of home starts in the United States increased by 7% in 2020 to 1.38 million units. Moreover, the need for specialist glass, such as Low-E (Low Emissivity) and insulated glass modules, is increased by the emphasis on energy efficiency in building design.
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Glass Processing Equipment Market Segment Analysis
By Type
By End-User
By Region
Major Companies Covered
Biesse Group, Glaston Corporation, Lisec Group, Bottero, LandGlass Technology, CMS Glass Machinery, WestRock Company, Glastonbury Southern Gageand and Hegla.
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