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        Home > News > Industry News > Flat Glass Processing Machinery Market - 45% of Growth to Originate from APAC|Driven by the Need for Energy-efficient Glass Manufacturing | Technavio

        Flat Glass Processing Machinery Market - 45% of Growth to Originate from APAC|Driven by the Need for Energy-efficient Glass Manufacturing | Technavio

        Post Time:May 19,2022Classify:Industry NewsView:1060

        NEW YORK May 10, 2022 /PRNewswire/ -- The flat glass processing machinery market size is set to grow by USD 301.3 million from 2021 to 2026. However, the growth momentum is likely to decelerate at a  CAGR of 3.7% as per the latest market report by Technavio. 45% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for flat glass processing machinery in APAC. Market growth in this region will be faster than the growth of the market in the European, North American, and South American regions. The growth in the automotive and construction end-use sectors will facilitate the flat glass processing machinery market growth in APAC over the forecast period. 

        Technavio has announced its latest market research report titled Flat Glass Processing Machinery Market by Application and Geography - Forecast and Analysis 2022-2026

        Technavio has announced its latest market research report titled Flat Glass Processing Machinery Market by Application and Geography - Forecast and Analysis 2022-2026


        Flat glass processing machinery market - Drivers & Challenges

        The key factor driving growth in the flat glass processing machinery market is the need for energy-efficient glass manufacturing. The market is increasingly moving toward energy-efficient manufacturing solutions propagated by glass manufacturers focusing on energy savings. The rise in energy costs coupled with the increasingly cost-competitive nature of the market is propelling glass manufacturers to adopt energy-efficient solutions. The steady increase in electricity prices has also increased its operation cost, resulting in a direct impact on the facility's bottom line. Several programs are also boosting the adoption of energy-efficient solutions by providing various guidelines and performance-assessment parameters. The increasing focus on energy efficiency backed by efforts of glass manufacturers and various organizations will lead to a growth in demand for advanced flat glass processing machinery, thus positively impacting the market growth during the forecast period.

        However, the capital-intensive market will be a major challenge for the flat glass processing machinery market during the forecast period. There is a considerable increase in the capital needed by glass processing machinery manufacturers to offer advanced machinery in the market. The manufacturing of glass processing machinery requires raw materials like brass, steel, aluminum, iron, titanium, stainless steel, copper, and other alloys. The inclusion of these materials constitutes approximately 47% of the overall machinery manufacturing expenses, whereas labor expenses are up to 28% of the overall machinery manufacturing expenses. Fluctuating raw material prices disrupt the pricing strategy of glass processing machinery manufacturers. Manufacturers also incur additional costs when hiring consultants or design specialists. All these factors add to the manufacturing costs, thus adversely affecting the growth of the global flat glass processing machinery market. Thus, the capital-intensive market will negatively impact the market in focus during the forecast period.

        Flat glass processing machinery market - Segmentation Analysis

        The flat glass processing machinery market analysis includes segmentation by Application - Construction, Automotive, Consumer electronics and furnishings, Solar energy, and Others and Geography - APAC, EuropeNorth AmericaMiddle EastAfrica, and South America.

        Technavio report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.

        Companies Mentioned

        The flat glass processing machinery market is fragmented and the vendors are deploying growth strategies such as concentrating on developing innovative concepts in glass processing with expansions in product range to mark their presence in standalone equipment and fully automated lines to compete in the market.

        • Benteler International AG

        • Biesse SpA

        • Bottero SpA

        • Bystronic Laser AG

        • Central Glass Co. Ltd.

        • CMS Glass Machinery

        • Glasstech Inc.

        • Glaston Oyj Abp

        • Haselsteiner GmbH

        • HEGLA GmbH and Co. KG

        • IGE Glass Technologies Inc.

        • LandGlass Technology Co. Ltd.

        • LISEC Holding GmbH

        • Luoyang North Glass Technology Co. Ltd

        • OCMI OTG SpA

        • Shenzhen Handong Glass Machinery Co. Ltd.

        • Siemens AG

        • SK Glass Machines India Pvt. Ltd.

        • VON ARDENNE GMBH

        • Zhongshan Deway Machinery Manufacturing Co. Ltd.

        Source: https://www.prnewswire.com/Author: shangyi

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