Future Market Insights projects substantial growth for the glass forming machine market, with expectations of reaching a valuation of US$ 270 billion by the conclusion of 2023. Forecasts suggest a robust CAGR of 4.8%, propelling the global demand for glass forming machines to US$ 430 billion by 2033.
The escalating demand for glass products across various end-use applications is a primary driver behind this growth trajectory. Particularly, the food and beverage industry continues to present lucrative opportunities for glass forming machine manufacturers, fueled by the need for containers and packaging solutions.
Among the prevalent configurations, the individual section machine (IS machine) remains the most widely utilized in glass manufacturing. Manufacturers of these machines are experiencing sustained demand, albeit navigating challenges inherent to the sector.
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Growth Factors
The glass forming machine market is significantly influenced by the burgeoning construction sector. As one of the primary consumers of glass products, the construction industry relies on glass for various applications like windows, doors, facades, and partitions. With the construction industry witnessing steady growth driven by factors such as urbanization, population expansion, and infrastructural development, the demand for glass products is expected to surge, consequently propelling the need for glass forming machines.
Moreover, the automotive industry plays a crucial role in driving the demand for glass forming machines. Glass finds extensive use in automobile manufacturing for windshields, windows, and mirrors. With the automotive sector poised for growth due to factors like increasing population, rising disposable incomes, and urbanization, the demand for glass products in this industry is projected to rise, further bolstering the demand for glass forming machines.
Additionally, the packaging industry is a key driver of the glass forming machine market. Glass serves as a preferred material for packaging products such as bottles and jars. With the escalating demand for packaged goods, particularly in response to changing consumer preferences and lifestyle trends, the demand for glass products for packaging purposes is anticipated to increase, thereby driving the demand for glass forming machines.
Key Manufacturers and Suppliers
- Heye International GmbH
- BDF Industries SPA
- Jetter AG
- Sklostroj Turnov CZ, s.r.o.
- LiSEC GmbH
- JCL Engineering Pte Ltd.
- Ishizuka Glass Group
- BOTTERO S.p.A
- C&M Machinery
- Chongqing Life Furnace Technology Co., Ltd.
- GPS Glasproduktions-Service GmbH
- Bucher Emhart Glass
- Others.
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Market Segmentation
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