Press release
Tempered Glass Cutting Machine Market Size, 2023 Global Growth, Key Players and Forecast 2032
The global tempered glass cutting machine market revenue was around US$ 3,688.1 million in 2022 and is estimated to reach US$ 6,061.51 million by 2031, growing at a compound annual growth rate (CAGR) of 5.6% during the forecast period from 2023 to 2031.Tempered glass also known as toughened glass, is considered to be four times stronger and tougher than simple annealed glass. Tempered glass is made by heating the silica mix up to 600?C and then fast cooling the molten silica. The machines that are used in processing such glass in demand to deliver the desired size and shape is known to be tempered glass cutting machine.
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Factors Influencing Market Growth
- The growth in technological upgrades, new product developments, disposable income, and the spurring advancement in the original equipment manufacturers (OEMs) and also aftermarkets have guided the automobile sector to see a notable change where tempered glass is widely used in side windows, sunroofs, rear view windows, and other places.
- The development in investments in building infrastructure in countries, like the U.S., Japan, Mexico, India, China, and others have shown the building & construction sector to notice a notable growth.
- The long-term usage of tempered glass may provoke several side effects and this may hinder the production of tempered glass which limits the development of the tempered glass cutting machine market revenue during the forecast period.
Impact of COVID-19
The impact of the COVID-19 pandemic affected the construction industries, manufacturing, and aviation. Manufacturing activities were suspended or delayed and they led to a drop in the manufacturing of different equipment utilized in the manufacturing of tempered glass cutting machines. It hindered the growth of the tempered glass cutting machine industry. Also, industries are slowly continuing their regular services and manufacturing.
Regional Analysis
The Asia-Pacific region dominated the market in 2022. Due to the rising car output and numerous automotive tempered glass machine manufacturers in the region.
In APAC, China dominates the regional industry. Because of increasing automotive demand and the existence of numerous automotive manufacturers in the region, the industry is also rising in India, Thailand, and Malaysia.
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Leading Companies
The leading prominent companies profiled in the global tempered glass cutting machine market are: -
- Solaronix
- Anhui Yinrui Glass Machinery Co. Ltd.
- Bengbu Ruifeng Glass Machinery Co. Ltd.
- Turomas
- Jinan Sintech CNC Equipment Co. Ltd
- Biesse Group
- Anhui Jingling Glass Co., Ltd.
- Anhui Glass Machinery Technology Co. Ltd.
- Intermac
- VETROMAC
- LiSEC
- Luoyang North Glass Technology Co. Ltd.
- CMS Glass Machinery
- Shenyang All-Powerful Science & Technology Stock Co. LTD
- Bottero
- Strong Tempering Glass Industry LLC
- Beijing Pujinli Technology Co. Ltd
- Other prominent key players
Segmentation Outline
The global tempered glass cutting machine market segmentation focuses on Machine Power, Automation, Cut Type, and Region.
Segmentation based on Machine Power
- Below 100W
- 100W and above
Segmentation based on Automation
- Semi-automatic
- Automatic
Segmentation based on Cut Type
- Single piece
- Multiple pieces
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Segmentation based on Region
- North America
- The U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Singapore
- Rest Of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
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Analyze market outlook with recent trends and SWOT analysis.
Dynamic market scenario along with market growth opportunities for the coming years.
Market segmentation analysis, including qualitative and quantitative research incorporating the impact of economic and non-economic aspects.
Regional and national analyzes integrating supply and demand forces that are influencing market growth.
Market value (millions of dollars) and volume (millions of units) data for each segment and sub-segment
Competitive scenario involving the market share of the main players, along with the new projects and strategies adopted by the players in recent years.
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