How Has the Home Appliances Glass Market Size Evolved in Recent Years?
The home appliances glass market has seen considerable growth due to a variety of factors.
• The market size for glass in home appliances has seen robust growth over the past few years. It is predicted to increase in size from $7.86 billion in 2024 to $8.26 billion in 2025, representing a compound annual growth rate (CAGR) of 5.0%. Factors such as consumer preferences, energy efficiency standards, the surge in demand for smart appliances, economic trends, globalization and innovation in materials contributed to the expansion observed in the historic period.
What Are The Predictions for The Home Appliances Glass Market in the Coming Years?
The Home Appliances Glass market is expected to maintain its strong growth trajectory in upcoming years.
• Over the coming years, the home appliances glass market is poised for robust growth, projected to reach a value of $10.51 billion by 2029, expanding at a compound annual growth rate (CAGR) of 6.2%.
This surge during the forecast period can be credited to the integration of smart homes and the internet of things (IoT), rising urbanization, stipulated health and safety regulations, and evolving supply chain dynamics. Key market trends anticipated during this period encompass escalating demand for energy-efficient appliances, advancements in rapid prototyping and 3D printing, strategic partnerships with designers and architects, improvements in glass technology, and an emphasis on aesthetic appeal.
Which Drivers Are Accelerating Growth In The Home Appliances Glass Market?
The rise in the number of smart home devices is anticipated to boost the growth of the home appliance glass market in the future. These smart home devices are electronic systems and appliances that have connectivity features and can be remotely controlled or automated. Home appliance glass is used in these devices to improve aesthetics, durability, and touch interfaces, thereby enabling the devices to integrate seamlessly and have a modern look. For example, the Canadian Internet Use Survey by Statistics Canada, a government agency based in Canada, reported in July 2023 that the usage of internet-connected smart home devices continued to increase, from 42% in 2020 to 47% in 2022. With smart speakers (30%) being the most popular device, the rise in the number of these devices is fueling the growth of the home appliance glass market.
What Are The Core Segments Of The Global Home Appliances Glass Market?
The home appliances glass market covered in this report is segmented –
1) By Glass Type: Tempered Glass, Borosilicate Glass, Other Types
2) By Distribution Channel: Multi-Brand Stores, Specialty Stores, Online, Other Distribution Channels
3) By Application: Oven, Washing Machine, TV, Refrigerators, Other Applications
Subsegments:
1) By Tempered Glass: Single Tempered Glass, Laminated Tempered Glass
2) By Borosilicate Glass: Borosilicate Cookware, Borosilicate Laboratory Glassware
3) By Other Types: Annealed Glass, Low Iron Glass, Decorative Glass
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Which Emerging Trends Are Reshaping The Home Appliances Glass Market Size?
Leading firms in the home appliances glass market are prioritizing the creation of inventive solutions such as glass door fridges to amplify their products' aesthetic and energy-efficient features. These refrigerators have transparent or semi-transparent glass doors permitting individuals to see what's inside without opening them. HAIER ELECTRONICS GROUP CO., LTD., a small electrical appliance producer based in China, unveiled its Phoenix series of glass door fridges in India in June 2024. With sizes either 185 or 190 liters, these fridges incorporate contemporary designs and high-tech features like Diamond Edge Freezing Technology for efficient cooling and a stabilizer-free operation for voltage fluctuation management. They also have toughened glass shelves and detachable gaskets that are simple to clean. Further emphasizing their devotion to quality and customer satisfaction, Haier provides a 10-year compressor warranty.
Who Are the Key Players In The Home Appliances Glass Market?
Major companies operating in the home appliances glass market include:
• Schott AG
• Guardian Industries Holdings
• Nippon Electric Glass Co. Ltd.
• Glaston Corporation
• Qingdao Lansen Glass Technology Co. Ltd.
• Sinclair Glass
• Dongguan Hongxi Glass Intelligence Technology Co. Ltd.
• Ningbo Bilily Tempered Glass Products Co. Ltd.
• Saint-Gobain
• Vetrerie Riunite Group.
• Taian Saintly Glass Co. Ltd.
• Kunshan Energy Glass Technology Co. Ltd.
• Sanfeng Glass Co. Ltd.
• Swift Glass Company Inc.
• Glassline
• Mid-American Glass
• AGC Inc.
• Corning Incorporated
• Pilkington Group Limited
• Vitro S.A.B. de C.V.
• Fuyao Glass Industry Group Co. Ltd.
• Xinyi Glass Holdings Limited
What Are The Regional Insights Into The Home Appliances Glass Market?
Asia-Pacific was the largest region in the home appliances glass market in 2024. The regions covered in the home appliances glass market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
