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Global Glass Tempering System Market Future Growth, Industry Verticals and Forecast to 2025
by NiravGokani · December 7, 2018
ResearchMoz include new market research report “Glass Tempering System Market: Global Industry Analysis (2012-2016) And Opportunity Assessment (2017-2027)” to its huge collection of research reports.
As a significant share of demand for glass is driven from the building & constructionarchitecture industry Cheap Everson Griffen Jersey , the glass tempering technology is expected to witness high growth across these industries. The market value generated from architectural segment is estimated to be valued more than US$ 65 Mn by 2017 end and is projected to reach close to US$ 95 Mn by the end of 2027 while expanding with a CAGR of 3.6% over the forecast period. In terms of value, the architectural segment alone is expected to capture more than 70% of the market share in 2017 end.
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North America
Requirement of huge investments to set up glass manufacturing industry is one of the prominent restraints that can adversely affect the growth of the glass market in the upcoming years. Moreover, continuous innovations are required to maintain competitive advantage and to generate new applications in the glass industry. This factor is also responsible for huge investments Cheap Kyle Rudolph Jersey , which in turn, is expected to hinder the growth of the glass tempering system market in North America.
Latin America
The slow rate of recovery after an economic crisis in Mexico in 2009 is likely to decelerate the demand growth of glass. The Mexican economy is vulnerable to the U.S. economic trends. Hence, substantial changes in consumer spending are likely to hamper glass consumption in the furniture segment. Additionally Cheap Linval Joseph Jersey , national consumption of glass furniture in Mexico is steadily decreasing. Widespread unemployment and high inflation are some of the other factors that are hampering the growth for the glass tempering system market in Latin America.
Europe
While glass sub-sectors are highly automated, some are still labour intensive. Stringent regulations regarding material handling is responsible for potential competitive losses for the Western European manufacturers as compared to companies located in regions with less stringent rules. In Eastern Europe due to the economic crisis, the purchasing power has come down drastically and subsequently Cheap Harrison Smith Jersey , the demand for new real state and infrastructural development has also been suffered. All these factors are creating obstacles in the growth of glass tempering system market in Europe
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APEJ
Some of the solar manufacturers in APEJ are going through a phase of financial crisis. This is the reason that Chinese manufacturers are now offering cheap prices for glass against tempered one. The government is also prioritizes cheap power over domestic manufacturing. This increase in sales of Chinese manufacturers in APEJ and the APEJ subcontinent affects the market for local manufacturers.
MEA
There are many types of glasses available in the MEA glass market and the investment in research and development of glass is still going on to make it better and effective for more applications. But consumers are not aware of the type of glass and its advantages. This lack of awareness can act as a restraint to the growth of glass tempering system in MEA market.
Global glass tempering system market size between 2017 and 2027
The market value generated from the sales in the global glass tempering system market is estimated to be valued close to US$ 95 Mn by 2017 end and is projected to reach little more than US$ 135 Mn by the end of 2027 while expanding with a CAGR of 3.7% over the forecast period. The incremental opportunity created by the Global glass tempering system market over the forecast period is expected to be close to US$ 45 Mn.
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