Press release
Innovation In Tempered Glass Cutting Machines With The Introduction Of Circulated-Air Convection Technology Trend: A Crucial Influence on the Tempered Glass Cutting Machine Market's Transformation in 2025
What Is the Expected Size and Growth Rate of the Tempered Glass Cutting Machine Market?In recent years, the market for tempered glass cutting machines has witnessed robust growth. The market, which is projected to expand from $3.89 billion in 2024 to $4.11 billion in 2025, is expected to compound at an annual growth rate (CAGR) of 5.8%. The substantial growth witnessed in the past can be traced back to the growing demand in the consumer electronics sector, the expansion of the automotive industry, the construction sector broadening, and the rise in medical equipment manufacturing.
The market size for tempered glass cutting machines is anticipated to witness substantial expansion in the coming years, reaching $5.19 billion in 2029 with a compound annual growth rate (CAGR) of 6.0%. This progress during the projected period can be credited to an increase in electric vehicles (evs), worldwide urbanization, growth in solar panel manufacturing, and industrial automation. Key trends during the predicted period encompass enhancements in glass quality, smart home technologies, precise cutting techniques, energy-effective glass processing, environmentally-friendly glass manufacturing and incorporation with AI and IoT.
What Factors Are Fueling Growth in the Tempered Glass Cutting Machine Market?
The expansion of construction and infrastructure sectors is predicted to fuel the tempered glass cutting machine market's growth. The term "construction and infrastructure development" encompasses the operations and processes associated with developing, enhancing, and preserving societal and economic necessities like physical facilities and structures. In this context, tempered glass machines play a critical role by facilitating the manufacturing of sturdy, safety-amplifying glass components utilized in facilities and structures. For example, the U.S. Census Bureau, in July 2023, reported an expected annual construction expenses rate in May 2023 to be $1,925.6 billion, marking a 0.9% rise from April's estimated $1,909.0 billion. Consequently, the burgeoning construction and infrastructure sector is leading to the tempered glass cutting machine market's growth. The skyrocketing demand of the automobile industry is anticipated to drive the growth of the tempered glass cutting machine market in the future. In the car manufacturing industry-the umbrella term for all activities, organizations, and companies involved in designing, producing, marketing, selling, and maintaining motor vehicles-the need for tempered glass cutting machines is on the rise. These machines crucially contribute to crafting high-quality, safe automobile glass parts. According to the European Automobile Manufacturers Association, a Belgium-based association of car manufacturers, global motor vehicle production soared to 85.4 million units in 2022, a remarkable 5.7% augmentation compared to 2021. Hence, the escalating demand of the automobile industry propels the tempered glass cutting machine market's growth.
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Which Leading Companies Are Shaping the Growth of the Tempered Glass Cutting Machine Market?
Major companies operating 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.
What Are the Major Trends Shaping the Tempered Glass Cutting Machine Market?
Leading corporations in the tempered glass cutting machine market are striving to maintain their market position by embracing and fashioning ground-breaking tempered glass cutting machines. Present-day air circulation convection methodologies use fans and exhaust systems in ovens to spread hot air uniformly across the enclosure. For instance, in February 2023, Glaston Corporation, a firm based in Finland and engaged in machine industry enterprise, unveiled Glaston FC Series EVO, the latest addition to the FC Series product lineup. This innovative product is an adaptable, energy-saving solution that caters to the ever-changing needs of the glass industry. Using the market's latest circulated-air convection technology, the FC Series EVO can handle any kind of glass with ultimate energy efficiency. Additionally, the flat glass tempering product line is equipped with cutting-edge technology to ensure reliable and versatile manufacturing.
What Are the Key Segments of the Tempered Glass Cutting Machine Market?
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
Subsegments:
1) By Below 100W: 50W-75W, 75W-99W
2) By 100W And Above: 100W-150W, 150W-200W, Above 200W
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Which Region Dominates the Tempered Glass Cutting Machine Market?
Asia-Pacific was the largest region in the Tempered Glass Cutting Machine market in 2024. The regions covered in tempered glass cutting machine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Is Covered In The Tempered Glass Cutting Machine Global Market Report?
- Market Size Analysis: Analyze the Tempered Glass Cutting Machine Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Tempered Glass Cutting Machine Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Tempered Glass Cutting Machine Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Tempered Glass Cutting Machine Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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