Glass Forming Machine Market Forecast and CAGR
According to latest research by Fact.MR, Glass Forming Machine market is set to witness steady growth during 2021-2031. Demand for glass forming equipment will witness steady growth in short-term, with optimistic growth outlook in the long-run. Muted demand from chemical industry will mean limited opportunities in near future, however, sales of forming machinery for food & beverages sector will provide momentum.
What is Driving Demand for Glass Forming Machine?
Surfacing end-use demand for glass products or containers for various end use applications will continues to drive demand for the device. Food & beverage industry applications continue to be a lucrative avenue for glass forming manufacturers.
The most extensively used forming machine arrangement is the individual section machine or IS machine in glass manufacturing. Sales of manufacturing machine go through a robust demand, which has remained a longstanding trial for manufacturers.
The traditional glass products such as glass tableware, containers, tubes and rods, flat glass, and fiberglass are formed of glass made by the melting process has significantly changed with the adoption of glass forming machine and growing with the implementation of new technology to machinery. This is especially true in the production of large volumes of glass products and that can significantly improve the machinery sales. The forming machinery is being increasingly sought-after due to their production property.
Food & Beverage Industry is Likely to Augment Device Sales
Glass forming machine is also used extensively in manufacturing high volumes of glass products for end use industries. Although lockdown and shelter-at-home guidelines have meant restricted production activities, sales are likely to improve over the course of the assessment period.
Though manufacturing sector been impacted by COVID-19-induced slowdown. The growth of food & beverage industry has been unabated with the continual investments and related production thereby sustaining the growth of glass forming machine market. Personal Care products industry is also expected to benefit the market growth.
China Glass Forming Machine Market Outlook
China is one of the prominent markets for glass manufacturing globally. The China glass forming machine market is set to tread on the steady growth path during the assessment period 2021-2031. Demand is likely to remain muted in the next couple of years, as a number of end-use industries make gradual recovery.
Demand for glass forming machine in China will be led by food & beverage, chemical, and laboratory sectors. China will account for high demand for the manufacturing machines, as demand for forming glass products continues over the forecast period. Chain’s glass exports is likely to surge drastically over a period and beyond, and this will continue to benefit glass forming equipment companies.
China glass forming sales will also be impacted by the COVID-19 recovery in 2021. Glass manufacturers faces a challenging year, however, there is growing optimism that low mortgage rates will lead to a spurt in early 2022. The momentum is likely to hold ground, which will provide an impetus to a range of glass raw material (sand, soda ash and limestone), including machinery.
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Europe Demand Outlook for Glass Forming Machine
Many countries in EU have been severely impacted by the COVID-19 crisis, which has led to a decline in economic activities. EU hold major share in the world glass exports, which in turn continues to drive demand for glass forming machine.
Despite the COVID-19 challenges, most European countries have maintained a steady growth in production and exports in 2020. Germany, Italy, and France are the major prominent players in Europe region, creating opportunities for raw material and machinery suppliers.
Who are the Key Manufacturers and Suppliers of Glass Forming Machine?
Some of the leading manufacturers and suppliers of glass forming machine include Heye International GmbH
- BDF Industries SPA
- Jetter AG
- Sklostroj Turnov CZ
- LiSEC GmbH
- JCL Engineering Pte Ltd.
- Ishizuka Glass Group
- BOTTERO S.p.A
- and C&M Machinery
- Chongqing Life Furnace Technology Co.Ltd.
- GPS Glasproduktions-Service GmbH
- Bucher Emhart Glass and others.
In 2018, Glasproduktions-Service GmbH (GPS) and Siemens, has a partner on board that can help set new standards of IS machine control systems. The GPS can rely on proven, advanced, and compact hardware and monitoring system for it IS machines. The result of the innovative coalition between GPS software and Siemens hardware is a system that not only works together efficiently.
An Adaptive Approach to Modern-day Research Needs
Glass Forming Machine Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
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By Method Type
- Blow and Blow Method
- Press and Blow Method
- Health Care
- Food & Beverages
- North America
- Latin America
- South Asia & Pacific
- East Asia
- South Korea
- Middle East and Africa
- GCC Countries
- Northern Africa
- South Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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