According to a recent survey published by FMI, the global Glass Forming Machine market is expected to grow at a healthy CAGR during the forecast period between 2023 and 2033. The objective of the report is to uncover micro and macro-economic factors accelerating the sales of Glass Forming Machine over the coming decade.
Advent of Industry 4.0 Technology to Create New Growth Avenues for the Glass Forming Machine Market
The industrial sector is undergoing a change as manufacturers throughout the world place a strong emphasis on incorporating advanced automation. This is usually referred to as Industry 4.0.
With the advent of Industry 4.0, manufacturers are emphasising the use of novel technologies such as artificial intelligence, smart manufacturing, the internet of things (IoT), and machine learning, among others. This is projected to open up attractive potential for growth in the Glass Forming Machine market.
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Additionally, increasing government emphasis building a better manufacturing sector and integration of augmented and virtual reality using smart equipment to enhance the output is estimated to propel the demand in the market for coming years.
Key Glass Forming Machine Market Takeaways and Projections
- The U.S. is estimated dominate the Glass Forming Machine market in North America, accounting for the largest share in the region through 2022.
- Germany is projected to account for a significant share in the Europe market over the assessment period.
- China is forecast to hold the lion’s share the East Asia market, projecting the fastest growth in the region between 2023 and 2033
- India is anticipated to emerge as a highly remunerative market in South Asia, accounting for the largest sales during the forecast period.
Report Benefits & Key Questions Answered
- Glass Forming Machine Historical Market Outlook: Future Market Insight’s analysis examines vital dynamics, such as drivers, opportunities and challenges. It studies their impact on the market over the previous assessment period 2016-2020. The report provides crucial insights to market players to capitalize on opportunities and counter challenges.
- Glass Forming Machine Demand-Supply Assessment: A latest study published by FMI offers in-depth insights into governing factors facilitating the demand outlook of the Glass Forming Machine As per the survey, Glass Forming Machine sales will project steady growth over the forecast period.
- Glass Forming Machine Consumption by Demographics: The report published by FMI provides consumption by demographics analysis to assist the market players in formulating their marketing strategies on the basis of purchasing power of the customers. It examines changes in consumer behavior and also studies its effect on the demand for Glass Forming Machine.
- Glass Forming Machine Market Trend Analysis: FMI’s market trend analysis provide detailed insights into current and upcoming trends in the industrial automation industries. It also assist the industry players to identify potentials trends to capitalize on them.
Who are the Key Manufacturers and Suppliers of Glass Forming Machine?
Some of the leading manufacturers and suppliers of glass forming machine include
- 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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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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