The global glass handling tools and equipment market size is projected to expand at a CAGR of 3.5% during the forecast period, 2021 – 2028. The growth of the market is attributed to the increasing adoption of glazing in the construction industry.
Rising focus on sustainable environment and growing concerns regarding the high consumption of electricity has increased the demand for glazing in commercial and as well as residential buildings. Glass is a recyclable material, which provides prominent environmental benefits such as reducing negative impact on climate and preserving natural resources. Declining demand for traditional brick and mortar walls has increased preference for coated glass.
Glass is deemed to be more aesthetic than walls and provides more natural light inside the building, which in turn, has grew the demand for glass handling tools and equipment across the globe.
Glass handling tools are used to install and transport glass in glass manufacturing facilities and construction sites. Flat glass are fragile, which makes the manual handling difficult. Improper handling can lead to injuries from glass sheet edges or glass shreds. Toughened glass or large panels of glass are heavy, making it difficult to handle and transport them, which entails the use of glass handling tools or equipment. Therefore, glass handling tools are used to ease the process of transporting and working with glass safer and more efficient.
The Covid-19 pandemic had resulted in complete lockdown in various countries, which severe created economic crisis across the globe. The global glass handing tools and equipment market have been negatively impacted due to the Covid-19 owing to halt of construction activities. However, the ease of restrictions has regained the momentum in the market.
The report on the global glass handling tools and equipment market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Glass Handling Tools and Equipment Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Types (Manual Handling and Other Equipment, Loading and Storage Equipment, Vacuum Lifters), Applications (Commercial Buildings, and Residential Buildings) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Bottero, CMS Glass Machinery, Conzzeta Management, ANVER, LiSEC, Peter Hird and Sons, Quattrolifts, TAWI, VIAVAC, and Wakefield Equipment |
Based on types, the market is divided into manual handling and other equipment, loading and storage equipment, and vacuum lifters.
The vacuum lifters segment to hold a significant market share during the forecast period. Vacuum lifters are devices used in materials handling and transport them to designated place. Increasing demand for efficient and safe handling of glass sheets is driving the segment growth. Moreover, the ergonomic nature of the same is expected to stimulate the segment growth.
Based on applications, the global glass handling market is divided into commercial buildings and residential buildings.
The commercial buildings segment is anticipated to grow at a rapid rate owing to increasing number of malls, corporate spaces, and entertainment spaces across the globe. On the other hand, rising population and low interest rate from banks are speculated to drive the residential buildings segment.
Based on regions, the market is divided North America, Latin America, Asia Pacific, Europe, and Middle East & Africa.
Asia Pacific is anticipated to account for more than 45% of market share during the forecast period. Rising demand for glass handling tools in emerging economies such as India and China owing to rapid urbanization and increasing construction activities are driving the regional market growth.
The Global Glass Handling Tools and Equipment Market has been segmented on the basis of
Key players operating in the global glass handling tools and equipment market such as Bottero, CMS Glass Machinery, Conzzeta Management, ANVER, LiSEC, Peter Hird and Sons, Quattrolifts, TAWI, VIAVAC, and Wakefield Equipment.
The Global Glass Handling Tools and Equipment Market has been segmented on the basis of
Key players operating in the global glass handling tools and equipment market such as Bottero, CMS Glass Machinery, Conzzeta Management, ANVER, LiSEC, Peter Hird and Sons, Quattrolifts, TAWI, VIAVAC, and Wakefield Equipment.
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