Glass Processing Equipment: Introduction
- Glass processing equipment are used to break, cut, drill, and grind glass. The product finds usage in different end-use sectors such as food & beverages, construction, consumer electronics, automotive, and other industries.
Key Drivers of the Global Glass Processing Equipment Market
- Glass packaging is one of the popular packaging techniques at the global level. Usage of glass packaging is increasing in food, beverages, pharmaceuticals, and drugs sectors. Glass packaging is environment friendly as it uses raw materials such as soda ash, sand, and limestone. This factor is expected to boost its demand in the coming years.
- Demand for glass packaging is high in the food & beverage industry, as it does not get contaminated with the product. Beverage manufacturers are promoting their products with glass packaging as it does not trigger any chemical reaction with the inside product. It has been observed that glass packaging plants are installing glass processing equipment. This will also help them to reuse the glasses and design new packaging.
Rising Demand from Food & Beverage Industry to Create New Market Opportunities
- The global food & beverage industry is expanding at a high CAGR as a result of increasing consumption of packaged food in tier 1 and tier 2 cities. This factor is driving the demand for glass processing equipment as many companies use glass beverage packaging systems.
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Shifting Preference toward Paper Packaging
- Soft drink manufacturers are shifting from glass packaging to paper packaging. This factor is expected to hamper the market growth in the coming years.
- The global glass processing equipment market is affected negatively as a result of changing raw material cost. The price of silicon is volatile at the global level which restricts the growth of the glass processing equipment market.
Asia Pacific the Dominant Market for Glass Processing Equipment
- Asia Pacific was the fastest growing glass processing equipment market in 2018. Rising investment in several end-use industries coupled with increasing usage of glass processing in food and beverage industries of developing economies including China and India is driving the market growth. Large number of small and medium companies are starting new ventures in the glass processing equipment market. Rising foreign investment coupled with increasing demand from end-use industries is expected to propel the market growth in the region during the forecast period.
- North America and Europe accounted for significant share of the glass processing equipment market, with major players operating their global market from these regions. The U.S. accounted for major market share in North America.
Key Players Operating in the Global Market
The global glass processing equipment market is fragmented in nature. Key market participants are signing strategic partnerships and taking strategic merger and acquisition decisions to increase their global market reach. Companies are working on developing machinery with advanced technology which can decrease the entire processing time. A few of the key players operating in the global glass processing equipment market are listed below:
- HEGLA GmbH & Co. KG
- Glaston OYJ Abp
- Conzzeta Management
- CMS Glass Machinery
- Bottero Glass Technologies
- Biesse Group
- Siemens AG
- BENTELER International
- IGE Glass Technologies
- LandGlass Technology.
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Global Glass Processing Equipment Market: Research Scope
Global Glass Processing Equipment Market, by Type
- Machinery for cutting glass
- Machinery for breaking glass
- Glass-grinding machine
- Glass drilling machine
Global Glass Processing Equipment Market, by End-users
- Food & Beverage
- Consumer Electronics and Furniture
Global Glass Processing Equipment Market, by Region
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.