Tempered Glass Cutting Machine Market Expected to Reach $6.1 Billion by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Tempered Glass Cutting Machine Market," The tempered glass cutting machine market size was valued at $3.5 billion in 2021, and is estimated to reach $6.1 billion by 2031, growing at a CAGR of 5.6% from 2022 to 2031. Tempered glass cutting machines are used for processing tempered glass and they help in providing high durability and strength to the glass. The tempering process, involving thermal or chemical treatments, compresses the glass surface, thereby reducing the risks of breakage. Tempered glass is more efficient than the conventional annealed glass in terms of heat resistivity, design versatility, lightweight, scratch resistance, and tensile strength. Owing to these benefits, it has diverse applications across various sectors, including consumer electronics, automobile, home furnishing, construction, and others.

Rapid digitalization coupled with the increase in penetration of smart consumer electronics such as, smartphones, laptops, tablets, and others, is primarily driven by the demand for tempered glass, which in turn drives the growth for tempered glass cutting machine market. In addition, the rise in awareness toward several structural properties such as durability, thermal shock resistance, and tensile strength have catalyzed the product demand in the automotive and electronic sectors.

In addition to this, rapid development in the construction industry has led to the increasing utilization of tempered glass as a durable building material in doors, windows, facades, and skylights. Both developed and developing economies have experienced high demand for tempered glass owing to rise in construction activities including smart housing projects and increase in demand for smart consumer electronics. Thus, such factors in turn drive the tempered glass cutting machine market growth.

COVID-19 is a disease caused by a newly discovered virus named Coronavirus. Many people are suffering from coronavirus disease throughout the globe. Various major players in the global tempered glass cutting machine market had to stop their business production due to lockdown implemented in countries such as the U.S., China, Brazil, and others. This stop in business activities has directly impacted the sales of tempered glass cutting machines. For instance, Alstom SA registered a decline of 17.7% in revenue in September 2020. Moreover, lack of manpower and raw material has halted the supply chain of tempered glass cutting machines and electronic components.

However, rapid urbanization and rising government expenditure on infrastructural development contributes to the escalating market growth. In addition, remodeling activities across different developing countries such as India and China have led to the replacement of traditional glass with tempered glass in both residential and commercial infrastructures. Moreover, the rising usage of tempered glass for automobile manufacturing, owing to its lightweight and high strength is further expected to offer lucrative opportunities for the tempered glass cutting machine market share.

The tempered glass cutting machine market is segmented on the basis of automation grade, cut type, machine power, and region. By automation grade, the market is fragmented into semi-automatic and automatic. By cut type, the market is categorized into single piece and multiple piece. By machine power, the market is divided into Below 100W, 100W and above. By region, the tempered glass cutting machine industry is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

The major players profiled in the tempered glass cutting machine market report include 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, 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.

Key findings of the study

• The report provides an extensive analysis of the current and emerging global tempered glass cutting machine market trends and dynamics. 
• By automation grade, the automatic segment was the largest revenue generator in 2021.
• By cut type, the multiple piece segment generated the highest revenue in 2021.
• By machine power, the 100W and above segment generated the highest revenue in 2021.
• Region wise, Asia-Pacific is anticipated to dominate the global tempered glass cutting machine market throughout the study period.
• The report provides an extensive tempered glass cutting machine market analysis.
• The global tempered glass cutting machine market forecast analysis from 2022 to 2031 is included in the report.