Press release
Tempered Glass Cutting Machine Market Analysis, Recent Developments Trends, CAGR Analysis, Top Players And Outlook
Tempered Glass Cutting Machine Market
The tempered glass cutting machine market size is expected to see strong growth in the next few years. It will grow to $4.86 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to rise in electric vehicles (evs), global urbanization, expansion of solar panel production, industrial automation. Major trends in the forecast period include improvements in glass quality, smart home technologies, high-precision cutting, energy-efficient glass processing, green glass manufacturing, integration with ai and iot.
Market Overview -
Tempered glass cutting machines are specialized machines used to cut tempered glass with precision and efficiency. These machines utilize advanced technology, such as lasers, to achieve clean and accurate cuts on tempered glass.
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Construction And Infrastructure Development Boosting The Tempered Glass Cutting Machine Market
The growing construction and infrastructure development is expected to propel the growth of the tempered glass cutting machine market going forward. Construction and infrastructure development refer to the processes and activities involved in creating, improving and maintaining physical structures and facilities that are essential for the functioning of societies and economies. Tempered glass machines are crucial to construction and infrastructure development, enabling the production of durable and safety-enhancing glass components used in buildings, facades and structures. For instance, in July 2023, according to the U.S. Census Bureau, a US-based government institution, the expected annual rate of construction spending in May 2023 was $1,925.6 billion, which was 0.9% higher than the April estimate of $1,909.0 billion. Therefore, the growing construction and infrastructure development is driving the growth of the tempered glass cutting machine market.
Competitive Landscape -
Major players in the tempered glass cutting machine market are Luoyang North Glass Technology Co. Ltd., Biesse Group S.p.A, Bottero S.p.A., Glaston Corporation, Shenyang All-Powerful Science & Technology Stock Co. Ltd., Anhui Glass Machinery Technology Co. Ltd., HHH Equipment Resources, Intermac, Macpower CNC Machines Limited, LiSEC Austria GmbH, Solaronix S.A., Turomas S.L., Jinan Sintech CNC Equipment Co. Ltd., Shandong Eworld Machine Co. Ltd., Anhui Jingling Glass Co. Ltd., Anhui Yinrui Glass Machinery Co. Ltd., Beijing Pujinli Technology Co. Ltd., Bengbu Ruifeng Glass Machinery Co. Ltd., CMS Glass Machinery, Vetromac SRL, Foshan Techwin Glass Technology Co. Ltd., Guangzhou Daqin New Universe Technology Co. Ltd., Shenzhen YTD Industrial Co. Ltd., Guangzhou S&K Glass Machinery Co. Ltd., Shandong Huashili Automation Technology Co. Ltd.
Innovation In Tempered Glass Cutting Machines With The Introduction Of Circulated-Air Convection Technology
Major companies operating in the tempered glass cutting machine market are adopting and developing innovative tempered glass cutting machines to sustain their position in the market. Modern circulated-air convection technology refers to using fans and an exhaust system in ovens to circulate hot air evenly throughout the cavity. For instance, in February 2023, Glaston Corporation, a Finland-based machine industry company, introduced Glaston FC Series EVO, the newest FC Series product line product, which is an innovative, energy-efficient and adaptable solution for the evolving glass industry. The FC Series EVO uses the market's most modern circulated-air convection technology to process any glass type with maximum energy efficiency. The flat glass tempering line also contains cutting-edge technology for dependable and flexible manufacturing.
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Key Segments -
The tempered glass cutting machine market covered in this report is segmented -
1) By Machine Power: Below 100W; 100W And Above
2) By Automation: Semi-Automatic; Automatic;
3) By End-User Industry: Automotive; Construction And Architecture; Electronics And Appliances; Furniture And Interior Design; Aerospace And Aviation; Solar Energy; Other End-User Industries
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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