Tempered Glass Cutting Machine Market Size, Share, Competitive Landscape and Trend Analysis Report, by Automation, by Cut Type, by Machine Power : Global Opportunity Analysis and Industry Forecast, 2021-2031

Tempered Glass Cutting Machine Market Research, 2031

The global tempered glass cutting machine market size was valued at $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. Tempered glass, known as toughened glass, is known to be four times stronger than simple annealed glass. Tempered glass is produced by heating the silica mix up to 600°C and then rapidly cooling the molten silica. The machines used for processing of such glass in order to provide desire shape and size is considered to be as tempered glass cutting machine.

Factors, such as increase in disposable income, technological upgrades, new product developments, and the spurring rise in the original equipment manufacturers (OEMs) and aftermarkets have led the automobile sector to witness a significant growth where tempered glass are widely used in rear view windows, side windows, sunroofs, and other places. For instance, according to a report published by the National Promotion and Facilitation Agency of India, India’s passenger vehicle industry is expected to rise between 22%-25% in 2022. This may act as one of the key drivers responsible for the tempered glass cutting machine market growth. In addition, the building & construction sector is growing rapidly in both, developed and developing economies, owing to increase in demand for commercial space, such as offices, hotels, malls, industrial corridors, and others where tempered glass are widely used in doors and window panels.

Furthermore, increase in investments in building infrastructure in countries, such as the U.S., China, Japan, Mexico, India, and others have led the building & construction sector to witness a significant growth. For instance, according to a report published by National Investment Promotion and Facilitation Agency, the infrastructure activities accounted for 13% share of the total foreign direct investment (FDI) inflows in 2021. These factors may boost the growth of the tempered glass cutting machine market during the forecast period.

However, the long-term use of tempered glass may cause several side effects. For instance, drastically change in temperature may cause tempered glass to outburst. Moreover, it is made up of silicon dioxide that when inhaled may cause severe health-related disorders such as silicosis, chronic obstructive pulmonary disease (COPD) or even lead to lung cancer. This may restrain the production of tempered glass which in turn limits the growth of the tempered glass cutting machine market share during the forecast period.

Moreover, during the outbreak of the COVID-19 pandemic, construction, manufacturing, aviation, and construction industries were majorly affected. Manufacturing activities were halted or restricted. This led to decline in manufacturing of various equipment used for manufacturing of tempered glass cutting machine as well as their demand in the market, thereby restraining the growth of the tempered glass cutting machine industry. Conversely, industries are gradually resuming their regular manufacturing and services. This is expected to lead to re-initiation of tempered glass cutting machine companies at their full-scale capacities, that helped the tempered glass cutting machine market to recover by end of 2021.

On the contrary, rapid digitalization coupled with the increasing penetration of smart consumer electronics such as laptops, smartphones, tablets, and others have surged the popularity of tempered glass used as a screen protector glass in a wide range of consumer electronic products. For instance, according to an article published by the Economic Times, the smartphone industry has witnessed 11%year-on year growth rate with shipments rose from 150 billion in 2020 to 168 billion in 2021. This is anticipated to increase the sales of tempered glass in the growing consumer electronics sector; thus, creating lucrative tempered glass cutting machine market opportunities.

The market is segmented on the basis of automation grade, cut type, machine power, and region. By automation grade, the tempered glass cutting machines 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 and 100W & above. Region wise, the tempered glass cutting machine market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

On the basis of automation grade, in 2021 the automatic segment dominated the market, in terms of revenue, and is expected to witness growth at the highest CAGR during the forecast period. As per cut type, in 2021, the multiple piece segment led the tempered glass cutting machine market, and the single piece segment is expected to exhibit highest CAGR in the near future. By machine power, the 100W & above segment led the market in 2021, in terms of revenue and below 100W is anticipated to register highest CAGR during the forecast period. Region wise, Asia-Pacific garnered the highest revenue in 2021; however, LAMEA is anticipated to register highest CAGR during the forecast period.

COMPETITION ANALYSIS

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. Major companies in the market have adopted product launch and business expansion as their key developmental strategies to offer better products and services to customers in the market.

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the tempered glass cutting machine market overview from 2021 to 2031 to identify the prevailing tempered glass cutting machine market opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the tempered glass cutting machine market forecast.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global tempered glass cutting machine market trends, key players, market segments, application areas, and market growth strategies.

  Tempered Glass Cutting Machine Market Report Highlights

Aspects	Details
Market Size By 2031	USD 6.1 billion
Growth Rate	CAGR of 5.6%
Forecast period	2021 - 2031
Report Pages	240
By Machine Power	Below 100W 100W and above
By Automation	Semi-automatic Automatic
By Cut Type	Single piece Multiple piece
By Region	North America  (U.S., Canada, Mexico) Europe  (Germany, UK, France, Italy, Rest Of Europe) Asia-Pacific  (China, Japan, South Korea, India, Rest Of Asia-Pacific) LAMEA  (Latin America, Middle East, Africa)
Key Market Players	Bottero, CMS Glass Machinery, Luoyang North Glass Technology Co., Ltd., Jinan Sintech CNC Equipment Co.,Ltd, Anhui Jingling Glass Co., Ltd., Turomas, Anhui Yinrui Glass Machinery Co., Ltd., Solaronix, Biesse Group, Anhui Glass Machinery Technology Co., Ltd., Shenyang All-Powerful Science & Technology Stock Co. LTD, Intermac, LiSEC, Bengbu Ruifeng Glass Machinery Co., Ltd., VETROMAC, Stron, Beijing Pujinli Technology Co., Ltd.

Analyst Review

Increasing product demand in the automotive industry mainly in rear and side windows owing to its superior properties such as safety, durability, thermal shock resistance, reliability and tensile strength should stimulate tempered glass market growth. The products must be in compliance with OEM standards which are either sourced from suppliers or original equipment manufacturer. Global automotive industry may surpass USD 3 trillion by 2024. Europe’s motor vehicles production was over 18 million units in 2020. Technological advancement along with strict government norms regarding reduction of carbon emission to enhance vehicle safety should drive the automobile business demand. Germany, France, UK, Spain, and Italy are the largest automobile market owing to increase in consumer demand for luxury & premium cars, easy car financing accompanied with government incentives, and high economic conditions is boosting the use of tempered glass cutting machines for processing tempered glass.

Global construction industry was valued at over USD 11 trillion in 2020 and is poised to surpass USD 15 trillion by 2024 owing to increase in government investments in infrastructure facilities. Thus, growth in infrastructure spending in China, India, Malaysia, Brazil, and Philippines along with rise in need for durable building materials should drive tempered glass cutting machine market share.

Author Name(s) : Digvijay Subhash Pawar | Sonia Mutreja

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