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.
Some of the solar manufacturers in APEJ are going through a phase of the financial crisis. This is the reason that Chinese manufacturers are now offering cheap prices for glass against tempered ones. The government is also prioritizing cheap power over domestic manufacturing. This increase in sales of Chinese manufacturers in APEJ and the APEJ subcontinent affects the market for local manufacturers.
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There are many types of glasses available in the MEA glass market and the investment in research and development of glass is still going on to make it better and more effective for more applications. But consumers are not aware of the type of glass and its advantages. This lack of awareness can act as a restraint to the growth of glass tempering systems in the MEA market.
The market share of Glaston is approximately 30% in the U.S. Through its continuous product development and regularly renewed products, the company is looking to further strengthen its position and competitiveness in the market as well as in new machine sales and services. To expand the business and increase the market share, the players in the U.S. market will be targeting opportunities in new segments and areas such as the development of smart glass.
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
