What Has Been The Evolution of the Tempered Glass Cutting Machine Market in Recent Years?
The tempered glass cutting machine market has seen considerable growth due to a variety of factors.
• The market for tempered glass cutting machines has witnessed significant expansion in recent periods. The market, valued at $3.89 billion in 2024, is projected to rise to $4.11 billion in 2025, marking a compound annual growth rate (CAGR) of 5.8%.
Factors such as an increase in demand for consumer electronics, the rise of the automotive sector, the widening scope of the construction industry, and the development of medical equipment, have contributed to the market's progress during the historical period.
How Will the Tempered Glass Cutting Machine Market?
The tempered glass cutting machine market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations are high for significant enlargement in the tempered glass cutting machine market within the upcoming years. The market value is anticipated to surge up to $5.19 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 6.0%.
The impetus for this growth during the forecast period is due to factors such as the amplified production of electric vehicles (evs), worldwide urban expansion, increased solar panel production and industrial automation. Key trends set to dominate the forecast period encompass enhancements in glass quality, the advent of smart home technologies, high-precision cutting, energy-saving glass processing measures, sustainable glass manufacturing and collaboration with AI and IoT.
Which Factors Are Boosting Growth In The Tempered Glass Cutting Machine Market?
Anticipated growth in the construction and infrastructure development sector is projected to stimulate the tempered glass cutting machine market. Construction and infrastructure development involves a series of processes and activities that contribute to the creation, enhancement and sustenance of vital physical structures and facilities, necessary to the operation of societies and economies. Tempered glass machines are fundamental components in this, providing the capability to create resilient, safety-conscious glass parts used in the construction of buildings, facades and other structural aspects. Take, for example, the figures released by the U.S. Census Bureau in July 2023. The American government institution reported a projected annual construction expenditure rate of $1,925.6 billion in May 2023. Impressively, this represented a 0.9% increase on the April 2023 estimation of $1,909.0 billion. In light of these figures, it's clear that the expansion of the construction and infrastructure development sector is a key driving factor for growth in the tempered glass cutting machine market. In addition to construction and infrastructure, the burgeoning automotive industry is equally primed to boost the tempered glass cutting machine market. The automotive industry encompasses a multitude of companies, organizations and related activities surrounding the design, development, production, advertising, sale and maintenance of motor vehicles. There's a mounting requirement for tempered glass cutting machines, extensively deployed across the automotive sector to cut glass into appropriate shapes and sizes for various car applications. These machines play an indispensable role in the manufacture of secure, superior-quality motor vehicle glass components. Citing figures published by the European Automobile Manufacturers Association in May 2023, global motor vehicle production hit 85.4 million units in 2022. This represented a significant 5.7% increase on the figures from 2021, underlining the rising demand within the automotive industry and the subsequent positive influence on the tempered glass cutting machine market.
What Key Areas Define The Segmentation Of The Global Tempered Glass Cutting Machine Market?
The tempered glass cutting machine market covered in this report is segmented –
1) By Machine Power: Below 100W, 100W And Above
2) By Automation: Semi-Automatic, Automatic,
3) By End-User Industry: Automotive, Construction And Architecture, Electronics And Appliances, Furniture And Interior Design, Aerospace And Aviation, Solar Energy, Other End-User Industries
Subsegments:
1) By Below 100W: 50W–75W, 75W–99W
2) By 100W And Above: 100W–150W, 150W–200W, Above 200W
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What New Trends Are Influencing The Tempered Glass Cutting Machine Market?
Prominent firms in the tempered glass cutting machine industry are innovating and introducing cutting-edge tempered glass cutting machines to maintain their market position. The contemporary circulated-air convection technology involves the utilization of fans and exhaust systems in ovens to distribute heat evenly. For instance, in February 2023, Glaston Corporation, a machine company based in Finland, launched the Glaston FC Series EVO, the latest addition to its FC Series product range. It offers an innovative, energy-saving and adaptable solution for the evolving glass sector. The FC Series EVO features the most advanced circulated-air convection technology in the market, ensuring maximum energy efficiency in processing any type of glass. Furthermore, this flat glass tempering line includes state-of-the-art technology for reliable and flexible production.
Who Are the Key Players In The Tempered Glass Cutting Machine Market?
Major companies operating in the tempered glass cutting machine market are:
• Luoyang North Glass Technology Co. Ltd.
• Biesse Group S.p.A
• Bottero S.p.A.
• Glaston Corporation
• Shenyang All-Powerful Science & Technology Stock Co. Ltd.
• Anhui Glass Machinery Technology Co. Ltd.
• HHH Equipment Resources
• Intermac
• Macpower CNC Machines Limited
• LiSEC Austria GmbH
• Solaronix S.A.
• Turomas S.L.
• Jinan Sintech CNC Equipment Co. Ltd.
• Shandong Eworld Machine Co. Ltd.
• Anhui Jingling Glass Co. Ltd.
• Anhui Yinrui Glass Machinery Co. Ltd.
• Beijing Pujinli Technology Co. Ltd.
• Bengbu Ruifeng Glass Machinery Co. Ltd.
• CMS Glass Machinery
• Vetromac SRL
• Foshan Techwin Glass Technology Co. Ltd.
• Guangzhou Daqin New Universe Technology Co. Ltd.
• Shenzhen YTD Industrial Co. Ltd.
• Guangzhou S&K Glass Machinery Co. Ltd.
• Shandong Huashili Automation Technology Co. Ltd.
What Is The Most Dominant Region In The Tempered Glass Cutting Machine Market?
Asia-Pacific was the largest region in the Tempered Glass Cutting Machine market in 2024. The regions covered in tempered glass cutting machine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
