Press release
Home Appliances Glass Market Poised for 6 % Growth, Set to Hit $10.51 Billion by 2029
Home Appliances Glass Market
The rise in the number of smart home devices is anticipated to boost the growth of the home appliance glass market in the future. These smart home devices are electronic systems and appliances that have connectivity features and can be remotely controlled or automated. Home appliance glass is used in these devices to improve aesthetics, durability, and touch interfaces, thereby enabling the devices to integrate seamlessly and have a modern look. For example, the Canadian Internet Use Survey by Statistics Canada, a government agency based in Canada, reported in July 2023 that the usage of internet-connected smart home devices continued to increase, from 42% in 2020 to 47% in 2022. With smart speakers (30%) being the most popular device, the rise in the number of these devices is fueling the growth of the home appliance glass market.
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What growth opportunities are expected to drive the home appliances glass market's CAGR through 2034?
The market size for glass in home appliances has seen robust growth over the past few years. It is predicted to increase in size from $7.86 billion in 2024 to $8.26 billion in 2025, representing a compound annual growth rate (CAGR) of 5.0%. Factors such as consumer preferences, energy efficiency standards, the surge in demand for smart appliances, economic trends, globalization and innovation in materials contributed to the expansion observed in the historic period.
Over the coming years, the home appliances glass market is poised for robust growth, projected to reach a value of $10.51 billion by 2029, expanding at a compound annual growth rate (CAGR) of 6.2%. This surge during the forecast period can be credited to the integration of smart homes and the internet of things (IoT), rising urbanization, stipulated health and safety regulations, and evolving supply chain dynamics. Key market trends anticipated during this period encompass escalating demand for energy-efficient appliances, advancements in rapid prototyping and 3D printing, strategic partnerships with designers and architects, improvements in glass technology, and an emphasis on aesthetic appeal.
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What are the emerging trends shaping the future of the home appliances glass market?
Leading firms in the home appliances glass market are prioritizing the creation of inventive solutions such as glass door fridges to amplify their products' aesthetic and energy-efficient features. These refrigerators have transparent or semi-transparent glass doors permitting individuals to see what's inside without opening them. HAIER ELECTRONICS GROUP CO., LTD., a small electrical appliance producer based in China, unveiled its Phoenix series of glass door fridges in India in June 2024. With sizes either 185 or 190 liters, these fridges incorporate contemporary designs and high-tech features like Diamond Edge Freezing Technology for efficient cooling and a stabilizer-free operation for voltage fluctuation management. They also have toughened glass shelves and detachable gaskets that are simple to clean. Further emphasizing their devotion to quality and customer satisfaction, Haier provides a 10-year compressor warranty.
Which growth-oriented segments of the home appliances glass market are leading the industry's development?
The home appliances glass market covered in this report is segmented -
1) By Glass Type: Tempered Glass, Borosilicate Glass, Other Types
2) By Distribution Channel: Multi-Brand Stores, Specialty Stores, Online, Other Distribution Channels
3) By Application: Oven, Washing Machine, TV, Refrigerators, Other Applications
Subsegments:
1) By Tempered Glass: Single Tempered Glass, Laminated Tempered Glass
2) By Borosilicate Glass: Borosilicate Cookware, Borosilicate Laboratory Glassware
3) By Other Types: Annealed Glass, Low Iron Glass, Decorative Glass
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What regions are leading the charge in the home appliances glass market?
Asia-Pacific was the largest region in the home appliances glass market in 2024. The regions covered in the home appliances glass market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What companies are at the forefront of innovation in the home appliances glass market?
Major companies operating in the home appliances glass market include Schott AG, Guardian Industries Holdings, Nippon Electric Glass Co. Ltd., Glaston Corporation, Qingdao Lansen Glass Technology Co. Ltd., Sinclair Glass, Dongguan Hongxi Glass Intelligence Technology Co. Ltd., Ningbo Bilily Tempered Glass Products Co. Ltd., Saint-Gobain, Vetrerie Riunite Group., Taian Saintly Glass Co. Ltd., Kunshan Energy Glass Technology Co. Ltd., Sanfeng Glass Co. Ltd., Swift Glass Company Inc., Glassline, Mid-American Glass, AGC Inc., Corning Incorporated, Pilkington Group Limited, Vitro S.A.B. de C.V., Fuyao Glass Industry Group Co. Ltd., Xinyi Glass Holdings Limited
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What Is Covered In The Home Appliances Glass Global Market Report?
• Market Size Forecast: Examine the home appliances glass market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the home appliances glass market for a structured understanding.
• Key Players Overview: Analyze major players in the home appliances glass market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the home appliances glass market.
• Segment Contributions: Evaluate how different segments drive overall growth in the home appliances glass market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the home appliances glass market.
• Industry Challenges: Identify potential risks and obstacles affecting the home appliances glass market.
• Competitive Landscape: Review strategic developments in the home appliances glass market, including expansions, agreements, and new product launches.
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