The Glass tempering system market value generated from the architectural segment is estimated to be valued at more than US$ 65 Mn by the 2017 end and is projected to reach close to US$ 95 Mn by the end of 2027 while expanding with a CAGR of 3.6% over the forecast period. In terms of value, the architectural segment alone is expected to capture more than 70% of the market share by 2017 end.
The requirement for massive investments in installing the glass production industry is one of the distinguished restraints that could adversely affect the growth of the glass marketplace in the imminent years. Furthermore, continuous improvements are required to maintain an aggressive advantage and to generate new packages in the glass industry. This component is likewise answerable for big investments, which in flip, is expected to avoid the boom of the glass tempering system market in North America.
The gradual fee of healing after a monetary disaster in Mexico in 2009 is possibly decelerating the demand increase of glass. The Mexican financial system is liable to the U.S. monetary traits. Hence, substantial modifications in consumer spending are probable to abate glass consumption in the furnishings phase.
Moreover, the country-wide intake of glass fixtures in Mexico is gradually decreasing. Good-sized unemployment and high inflation are some of the alternative elements that are hampering the boom for the glass tempering machine marketplace in Latin the USA.
Whilst glass sub-sectors are surprisingly computerized, a few are still labor-intensive. Stringent rules concerning material coping are answerable for potential competitive losses for the Western EU producers in comparison to companies positioned in regions with much less stringent rules.
In jap Europe because of the economic disaster, the shopping strength has come down notably, and subsequently, the call for the brand new actual kingdom and infrastructural improvement has also suffered. These types of elements are creating boundaries in the growth of the glass tempering device market in Europe.
Market segmentation
By Tempering Technology:
- Controlled Heating and Quenching Equipment
- Standard Configuration
- Advanced Configuration
- Chemical Treatment
By Application:
- Flat
- Continuous
- Oscillating
- Bent
- Combined Flat and Bent
By End Use:
- Automotive Windows
- Architectural
- Windows and Doors
- Mirror and Partitions
- Furniture
- Electronics
- Smartphone
- Appliances
- Solar Applications
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- MEA
- Japan
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