Marine glass is a glass that is shaped decoratively and is widely used in marine industry. The global marine industry has witnessed several changes in the last few years. Manufacturers have come up with many innovative solutions as the marine industry plays a vital role, particularly in international and interregional trade. The marine industry has also witnessed several technological, economical, and socio-cultural changes.
The global marine industry is dynamic and has encountered various challenges in an expanding environment. Marine glass is utilized in personal yachts, cruise ships, the defense industry, etc. Ship owners demand innovative glass designs for personal use, combined with reliability, durability, and safety. Additionally, owners demand a design according to the different shapes and sizes of yachts and commercial vessels.
Based on type, marine glass can be classified into organic glass and mineral glass. Traditionally, mineral glass is employed on a large scale in large-sized windows in cruise ships, ferries, and other commercial vessels. Whereas, organic glass polycarbonate (PC) and polymethylmetacrylate (PMMA) is commonly used in yacht and leisure boat manufacturing, which requires intricately shapes and designs of glass. Organic glass is mostly utilized for smaller ships such as sailing and motor yachts. Currently, organic glass is also utilized in commercial vessels such as cruise ships, ferries, and river boats due to high demand for customized ships. Organic glass is not commonly employed for flybridges, bulkhead windows, and hatches Organic glass is expensive and needs special protection against stress cracking. Mineral glass is widely utilized in the marine industry. It is majorly employed in large vessels such as ferries or cruise ships. Calculation of different loads and stresses is mandatory during the installing mineral glass, considering wind direction and movement of the ship body.
The global market for marine glass is driven by the gradual recovery of the marine industry in most developed countries and the improving marine & defense industry for providing security for homeland and countering terrorism strategies. The market is also driven by continuous innovation in glass technologies and increase in focus on performance of glass in meeting the needs of consumers. The need for safer glass to resist wind and waves has replaced traditional glass by marine glass. These factors are encouraging the manufacturers of ships and yachts to employ marine glass on a large scale. Marine glass is majorly utilized in interior and exterior applications. Interior applications include doors, glass floors, shower screens, cabinets, decorative screens, and secure & panic rooms. Exterior applications include windows, windscreens, portholes, dead-lites, wind breaks, and balustrades.
Based on application, the marine glass market can be segregated into cruise ships, ferries, river boats, and luxury yachts. Demand for marine glass has increased globally due to the increase in demand for customizing interior and exterior of yachts and luxury boats.
Based on geography, the global marine glass market can be classified into Asia Pacific, Europe, North America, and RoW. North America and Europe are the major markets for marine glass, led by strong investment in the defense sector by the U.S. and governments of countries in Europe. Asia Pacific is another prominent market for marine glass due to availability of raw material processing, technological advancements and increase in disposable income of the population in the region.
Major players operating in the global marine glass market are Sedak GmbH & Co. KG, Trend Marine, and Sika AG. These companies hold a significant share of the market. Thus, the marine glass market experiences intense competition.
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.