According to Future Market Insights, by the end of 2023, the glass-forming machine market is expected to reach a value pool of US$ 270 billion. The market for glass-forming equipment is predicted to grow at a 4.8% compound annual growth rate to reach US$ 430 billion by 2033.
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.
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What is driving the demand for glass forming machines?
The demand for devices will continue to grow as end-use demands for glassware or containers for a variety of end-uses surface. Food and beverage industry applications continue to be a lucrative avenue for glass-forming manufacturers.
The most widely used arrangement of forming machines is the individual section machine or IS machine in glass making. Sales of manufacturing machines go through strong demand, which remains a long-standing challenge for manufacturers.
Traditional glass products such as tableware, containers, tubes and rods, flat glass and fiberglass are formed from glass made by a melting process and have changed significantly as they grow with the adoption of glass-forming machines and the implementation of new technologies for the machine. This is especially true for the mass production of glassware, which can greatly improve machine sales. Forming machines are more and more sought after due to their production characteristics.
The food and beverage industry has the potential to increase device sales.
Glass forming machines are also used extensively in the manufacture of high-volume glassware for end-use industries. Although production activities have been limited due to closures and stay-at-home guidelines, sales are likely to improve during the evaluation period.
However, the manufacturing sector has been impacted by the economic downturn caused by COVID-19. The growth of the food and beverage industry is not dampened by continued investment and related production, which continues the growth of the glass forming machine market. The personal care products industry is also expected to benefit the market growth.
China Glass Forming Machine Market Forecast
China is one of the major markets for glass manufacturing worldwide. The Chinese glass forming machine market is expected to follow a steady growth path during the evaluation period 2021-2031. Demand is likely to decline over the next few years as many end-use industries gradually recover.
Demand for glass forming machines in China will be driven by food and beverage, chemical and laboratory sectors. As demand for glassware forming continues during the forecast period, China will account for the high demand for manufacturing machinery. Chain’s glass exports will increase sharply over the long term, which will continue to benefit glass forming equipment companies.
China glass molding sales will also be impacted by the 2021 COVID-19 recovery. The glass maker faces a difficult year, but there is growing optimism that low mortgage rates will lead to a surge in early 2022. , will stimulate a variety of glass raw materials (sand, soda ash and limestone), including machinery.
European Demand Outlook for Glass Forming Machines
Many countries in the EU have been severely impacted by the COVID-19 crisis, resulting in reduced economic activity. The EU holds a major share in world glass exports, which in turn continues to drive demand for glass forming machines.
Despite the COVID-19 challenge, most European countries maintained steady growth in production and exports in 2020. Germany, Italy and France are major players in the European region and provide opportunities for suppliers of raw materials and machinery.
Who are the leading manufacturers and suppliers of Glass Forming Machines?
Some of the leading manufacturers and suppliers of glass forming machines are:
- Hay International GmbH
- BDF Industry Spa
- Jitter AG
- Glassworks Turnov CZ, sro
- LiSEC GmbH
- JCL Engineering Pte Ltd.
- Ishizuka Yuri Group
- Botero Spa
- C&M Machinery
- Chongqing Life Furnace Technology Co., Ltd.
- GPS Glasproduktions-Service GmbH
- Bucher Emheart Glass
- Etc.
In 2018, Glasproduktions-Service GmbH (GPS) and Siemens have a partner on board who can help set new standards for IS machine control systems. GPS can rely on proven, state-of-the-art, compact hardware and monitoring systems for IS equipment. The result of an innovative alliance between GPS software and Siemens hardware is a system that not only works together efficiently.
The report is a compilation of first-hand information by industry analysts, qualitative and quantitative assessments, and input from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors, as well as market attractiveness by segment. The report also maps the qualitative impact of various market factors on market segments and regions.
Glass Forming Machines Market Report Highlights:
- Detailed overview of the mother 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 offerings
- Potential and niche sectors, geographic regions with promising growth
- Neutral view of market performance
- Information essential for market participants to maintain and improve their market footprint
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Key Segments of Glass Forming Machine Market
By Method Type:
- Blow and Blow Method
- Press and Blow Method
By End-Use:
- Health Care
- Chemical
- Food & Beverages
- Laboratories
- Others
By Region:
- North America
- USA
- Canada
- Latin America
- Brazil
- Mexico
- Others
- Europe
- Germany
- Italy
- France
- United Kingdom
- Spain
- Nordics
- Benelux
- Russia
- South Asia & Pacific
- India
- ASEAN
- Oceania
- East Asia
- China
- Japan
- South Korea
- Middle East and Africa
- GCC Countries
- Turkey
- Northern Africa
- South Africa
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