Global Glass Tempering Equipment Market Overview:
Tempered glass, also known as toughened glass, has been heat-treated to make it tougher and safer in the event it breaks. Tempered glass is four to five times stronger than annealed glass, or glass that has not been treated. Tempered glass breaks into little, comparatively harmless fragments rather than jagged shards when it breaks. Tempering is the gradual cooling of glass to remove internal tensions that occur during the manufacturing process. This process happens with the help of glass tempering equipment in a manufacturing facility. The Asia Pacific is the largest market for glass tempering equipment followed by North America due to large manufacturing activity.
- Need To Temper Glass in Order to Increase Its Strength
- Growing Use of Tempered Glass in Apartments
- Tempered Glass Cannot Be Reworked Once Tempered
- Rise Of Automotive Industry Will Boost the Demand of Glass Tempering Equipment
- Increasing Demand of Glass Tempering Equipment from Developing Nations
- Challenging Supply Chain Management Due to Complex Nature of Glass Tempering Equipment
- Transportation Of Glass Tempering Equipment Is Difficult
Some of the key players profiled in the report are EFCO (United Kingdom), Mappi International Srl (Italy), Glaston Corporation (Finland), Luoyang North Glass Technology (China), Glasstech (India), LiSEC (Austria), CoolTemper (United Kingdom), HHH Tempering Resources (United Kingdom), Ratnesh (India) and IGE Glass Technologies (United States). Considering Market by Industry Verticals, the sub-segment i.e. Automotive Industry will boost the Glass Tempering Equipment market. Considering Market by Size, the sub-segment i.e. Small Sized will boost the Glass Tempering Equipment market. Considering Market by Sales Channel, the sub-segment i.e. Direct will boost the Glass Tempering Equipment market.
Latest Market Insights:
In April 2019, Glaston Corporation completed the acquisition of a Swiss-German-based globally operating high-end machinery, systems, and services provider for the processing of glass, Bystronic glass. Glaston's objective to improve its position in the glass processing value chain is aided by this purchase. Glaston will become a prominent participant in the glass machinery market by merging Bystronic glass.
On 19th May 2020, LONGLASS Introduced the Top Series Glass Tempering Furnace of NorthGlass. In April, LONGLASS gained green product certification, and it has won a number of contracts in recent years, including one with Shenzhen MSU-BIT University. The equipment can combine longitudinal convection temperature control precision with uniform transverse convection stress, resulting in a final glass with good optical and stress effects.
What Can be Explored with the Glass Tempering Equipment Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Glass Tempering Equipment Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Glass Tempering Equipment
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Glass Tempering Equipment market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Glass Tempering Equipment market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Glass Tempering Equipment Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Glass Tempering Equipment Market?
The Glass Tempering Equipment market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Glass Tempering Equipment Market?
Top performing companies in the Global Glass Tempering Equipment market are EFCO (United Kingdom), Mappi International Srl (Italy), Glaston Corporation (Finland), Luoyang North Glass Technology (China), Glasstech (India), LiSEC (Austria), CoolTemper (United Kingdom), HHH Tempering Resources (United Kingdom), Ratnesh (India) and IGE Glass Technologies (United States), to name a few.
3. What trending factors would impact Glass Tempering Equipment Market growth most?
"Growing Innovation to Increase Efficiency of The Glass Tempering Equipment" is seen as one of major influencing trends for Glass Tempering Equipment Market during projected period 2020-2026.