Portland,OR, Nov. 03, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global tempered glass cutting machine market generated $3,492.6 million in 2021, and is projected to reach $6,061.51 million by 2031, registering a CAGR of 5.6% from 2022 to 2031. The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market.
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Report coverage & details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $3,492.6 million |
| Market Size in 2031 | $6,061.51 million |
| CAGR | 5.6% |
| No. of Pages in Report | 240 |
| Segments Covered | Automation, cut type, machine power, and region |
| Drivers | Increase in the standard of living |
| Spurring rise in the original equipment manufacturers (OEMs) and aftermarkets | |
| Opportunities | Surge in popularity of tempered glass cutting machine in the automotive sector for rear view windows, side windows, sunroofs, and other places |
| Rapid growth of the building and constructions sector | |
| Restrains | Caused adverse side-effects and health-related disorders on long-term use |
COVID-19 Scenario:
- The outbreak of the COVID-19 has had a negative impact on the growth of the global tempered glass cutting machine market, owing to the occurrence of lockdowns in various countries across the globe.
- Lockdowns resulted in the closure of various manufacturing facilities, including those of tempered glass cutting machines, which adversely impacted its demand.
- In addition, reduced demand from the automotive industry due to declining car sales during the pandemic further aggravated the impact on the market.
- Furthermore, delay and cancellation of all sorts of building and construction activities during the outbreak additionally impacted the growth of the market.
- These restrictions were imposed by the government so as to curb the spread of the virus during the pandemic. However, the market is expected to recoup soon.
The report offers detailed segmentation of the global tempered glass cutting machine market based on automation, cut type, machine power, and region. The report provides a comprehensive analysis of every segment and their respective sub-segment with the help of graphical and tabular representation. This analysis can essentially help market players, investors, and new entrants in determining and devising strategies based on fastest growing segments and highest revenue generation that is mentioned in the report.
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Based on automation, the automatic segment held the dominating market share in 2021, holding more than two-thirds of the global tempered glass cutting machine market share, and is expected to maintain its leadership status during the forecast period. In addition, the same segment is expected to cite the fastest CAGR of 5.9% during the forecast period. The report also analyses the semi-automatic segment.
Based on machine power, the 100W and above segment held the largest market share in 2021, holding nearly three-fourths of the global tempered glass cutting machine market share, and is expected to maintain its leadership status during the forecast period. The Below 100W segment, on the other hand, is expected to cite the fastest CAGR of 6.1% during the forecast period.
Based on region, the market across Asia-Pacific region held the dominating market share in 2021, holding nearly three-fifths of the global tempered glass cutting machine market share, and is expected to maintain its leadership status during the forecast period. The LAMEA region, on the other hand, is expected to cite the fastest CAGR of 6.7% during the forecast period.
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Major Players:
The report also analyses prominent players of the global tempered glass cutting machine market such as Anhui Glass Machinery Technology Co., Ltd., Anhui Jingling Glass Co., Ltd., Anhui Yinrui Glass Machinery Co., Ltd., Beijing Pujinli Technology Co., Ltd., Bengbu Ruifeng Glass Machinery Co., Ltd., Biesse Group, Bottero S.p.A., CMS Glass Machinery, Intermac, Jinan Sintech CNC Equipment Co.,Ltd, LiSEC, Luoyang North Glass Technology Co., Ltd., Shenyang All-Powerful Science &, Technology Stock Co. LTD, Solaronix SA, Stron, Turomas, and Vetromac SRL.
The report analyzes these key players in the global tempered glass cutting machine market. These market players have made effective use of strategies such as joint ventures, collaborations, expansion, new product launches, partnerships, and others to maximize their foothold and prowess in the industry. The report is helpful in analyzing recent developments, product portfolio, business performance and operating segments by prominent players in the market.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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