WASHINGTON, July 26, 2022 (GLOBE NEWSWIRE) -- Vantage Market Research’s recent analysis of the Global Curved Glass Panel Market finds that Growing Improvements and Innovations and increasing demand for luxury automotive some of the factors are propelling the growth of the Curved Glass Panel Market in recent years. The Global Market revenue stood at a value USD 62.9 Billion in 2021.
The Global Curved Glass Panel Market size is forecasted to reach USD 89.7 Billion by 2028 and is expected to grow to exhibit a Compound Annual Growth Rate (CAGR) of 6.1% during the forecast period; states Vantage Market Research, in a report, titled “Curved Glass Panel Market Size, Share & Trends Analysis Report by Product Type (Single-Glazed, Double-Glazed, Other Product Types), by Applications (Architectural, Traffic, Industry, Other Applications), by Region (North America, Europe, Asia Pacific, Latin America) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)”.
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Key Insights & Findings from the Report:
- According to our primary respondents’ research, the Curved Glass Panel market is predicted to grow at a CAGR of roughly 6.1% during the forecast period.
- The Curved Glass Panel market was estimated to be worth roughly USD 62.9 Billion in 2021 and is expected to reach USD 89.7 Billion by 2028; based on primary research.
- On the basis of region, Asia Pacific is projected to dominate the worldwide Curved Glass Panel market.
Market Dynamics:
Drivers:
Growing Improvements and Innovations
Over the past few years, the global market has seen a dramatic increase in demand for the curved glass panel. Growth in demand is primarily due to developmental growth and innovation. Advances in digital production and the automotive quarter present beneficial opportunities for market players within the forecast period of 2022 to 2028. Manufacturers adopt curved display technologies for their products and work to develop curved displays of stand decisions for Market expansion. Rising decisions involving the high adoption of luxury cars and growing digital advertising are also expected to accelerate market growth. Moreover, factors with the growing spending potential, rising disposable earnings, and growing demand for luxurious automobiles are expected to fuel growth over the forecast period.
Restraint:
High Prices of Product
The curved glass panel is a noticeably flexible building fabric that holds the nearly infinite possibility for architects. As a long-lasting, secure, and easy-to-preserve aspect, it offers an exciting variety of building uses. The flexibility and flow of this stunning material let in for an unheard-of degree of creativity in the design of a structure. The curved glass panel is an enormously adaptable glass with nearly infinite possibility for flair, presenting vital structural functionality. The execution of perfect curves offers architects the liberty to explore greater natural and fluid ideas. Due to these residences, the curved glass panel is of excessive price. Therefore, the high price associated with the product will create barriers to the boom of the marketplace for curved panels.
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Segmentation of the Global Curved Glass Panel Market:
- Product Type
- Single-Glazed
- Double-Glazed
- Other Product Types
- Applications
- Architectural
- Traffic
- Industry
- Other Applications
- Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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COVID-19 Impact Analysis:
The COVID-19 outbreak has affected various industries worldwide. Governments across the world implemented strict lockdown measures and social distancing norms in order to restrict the swift spread of the pandemic. Manufacturing facilities around the world were shut down during the initial stages of the pandemic. Small and medium-scale companies are the backbone of technology providers and are witnessing a steep drop in revenue since the emergence of the pandemic in 2020. Hence, market players faced numerous challenges as disruptions in the supply chain were observed. However, things will improve in the second half of 2022 as more supplies will come online. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data points:
- Impact Assessment of COVID-19 Pandemic
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Quarterly Market Revenue Forecast by Asia Pacific 2020 & 2021
- Key Strategies Undertaken by Companies to Tackle COVID-19
- Long Term Dynamics
- Short Term Dynamics
The Report on Curved Glass Panel Market Highlights:
- Assessment of the market
- Premium Insights
- Competitive Landscape
- COVID Impact Analysis
- Historic Data, Estimates and Forecast
- Company Profiles
- Global and Regional Dynamics
Browse market data Tables and Figures spread through 143 Pages and in-depth TOC on "Curved Glass Panel Market Size, Share & Trends Analysis Report by Product Type (Single-Glazed, Double-Glazed, Other Product Types), by Applications (Architectural, Traffic, Industry, Other Applications), by Region (North America, Europe, Asia Pacific, Latin America) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)"
Regional Analysis:
North America Expected to Hold Largest Market Share
North America is expected to dominate the growth of Curved Glass Panel Market in 2021 due to the technological improvement in electronics displays and the strong desire for luxury motors. However, developing countries are envisioned to check in a full-size growth attributable to the rising disposable income, growing focus of producers within the location, and the developing adoption of luxurious automobiles.
List of Prominent Players in the Curved Glass Panel Market:
- Dlubak
- G.James Glass & Aluminium
- Bent Glass Design
- IQ Glass
- Carey Glass
- Bent & Curved Glass
- Romag
- VELUX
- Saint-Gobain
Recent Developments:
December 2021 - The Suzuki Motor Corporation SUV, New S-CROSS, introduced the Pioneer Vehicle Navigation System as a factory-installed option. This is the first Suzuki car to use the Pioneer car navigation system in the European market. The car's navigation system has a 9-inch HD high display with a dashboard-sized frame design. In addition to its high-performance navigation capabilities, the system connects to smartphones via Apple CarPlay and Android Auto TM and other media sources. It has a custom home screen with three types of location displays: "navigation," "car information," and "sound," allowing users to easily control various tasks.
December 2021- Continental AG launched the MultiViu Sports exhibition platform, a collection of customized bicycle and scooter equipment. MultiViu Sports Shows are built in an area of advanced development that can be easily adapted to meet the needs of various motorcycle riders. KTM, a leading Austrian manufacturer, is currently using the stadium and will install MultiViu Sports 7 in its KTM 1290 SUPER ADVENTURE S.
Key questions answered in the report:
- Which regional market will show the highest and rapid growth?
- Which are the top five players of the Curved Glass Panel Market?
- How will the Curved Glass Panel Market change in the upcoming six years?
- Which application and product will take a lion’s share of the Curved Glass Panel Market?
- What is the Curved Glass Panel market drivers and restrictions?
- What will be the CAGR and size of the Curved Glass Panel Market throughout the forecast period?
This market titled “Curved Glass Panel Market” will cover exclusive information in terms of Regional Analysis, Forecast, and Quantitative Data – Units, Key Market Trends, and various others as mentioned below:
| Parameter | Details |
| Market Size Provided for Years | 2016-2028 |
| Base Year | 2021 |
| Historic Years | 2016-2020 |
| Forecast Years | 2022-2028 |
| Segments Covered |
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| Region & Counties Covered |
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| Companies Covered |
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| Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis |
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