The glass handling tools and equipment market share is expected to increase by USD 45.46 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 3.82%.
This glass handling tools and equipment market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers glass handling tools and equipment market segmentation by product (vacuum lifters, loading and storage equipment, and manual handling and other equipment) and geography (APAC, Europe, North America, South America, and MEA). The glass handling tools and equipment market report also offers information on several market vendors, including Aardwolf Industries LLC, ANVER Corp., Bottero SpA, Conzzeta Management AG, CRH Plc, HEGLA GmbH & Co. KG, J. Schmalz GmbH, LISEC Holding GmbH, Muyen BV, and SCM GROUP Spa among others.
What will the Glass Handling Tools And Equipment Market Size be During the Forecast Period?
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Glass Handling Tools And Equipment Market: Key Drivers, Trends, and Challenges
The demand for glazing and energy efficiency in buildings is notably driving the glass handling tools and equipment market growth, although factors such as shortage of skilled operators may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the glass handling tools and equipment industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Glass Handling Tools And Equipment Market Driver
Demand for glazing and energy efficiency in buildings is one of the major drivers for the glass handling tools and equipment market. The thermal insulation offered by glass reduces the amount of heat exchange between the building's interior and the ambient surrounding, thus preserving the warmth or coolness of the interiors maintained by dedicated air conditioning systems. Double or triple-glazed flat glass is used in building construction for the purpose of glazing. This consists of two layers of glass separated by an inert gas such as argon or krypton. The inert gas provides insulation against solar radiation and heat transfer. The use of multiple layers makes the glass heavier and tougher than normal flat glass, thus necessitating the use of mechanized tools for its handling and installation during storage and installation. The developing countries in APAC and MEA present significant growth opportunities for construction glass in the future, with North America and Europe contributing the most to refurbishment and replacement demand. This increasing demand for construction glass will be the key contributing factor driving the demand for glass handling tools during the forecast period.
Key Glass Handling Tools And Equipment Market Trend
The development of high-load-capacity glass lifters is one of the major trends in the glass handling tools and equipment market. There has been a growing demand for double or triple-glazed and toughened safety glass from consumers. The size of the glass sheets has also been increasing over the years. Such glass is often extremely heavy due to the multiple layers of glass joined together. This has prompted the manufacturers of glass handling tools to develop advanced vacuum lifters with high-load capacities. These lifters are extremely safe and are manufactured with maintenance-free vacuum generators for longer operations. The use of such high-capacity lifters increases efficiency in glass handling activities while ensuring the workers' safety. Several vendors offer a wide range of high-load-capacity glass lifters. For instance, Aardwolf Industries LLC (Aardwolf) offers DC Powered Vacuum Glass Lifter (Dual System) ARGL-500DS and Vacuum Glass Lifter 1000kg. Likewise, Schmalz offers a vacuum lifting device, VacuMaster, which can move heavy loads weighing several tons. Therefore, the rising popularity of high-load-capacity glass lifters is expected to propel the growth of the global glass handling tools and equipment market during the forecast period.
Key Glass Handling Tools And Equipment Market Challenge
The shortage of skilled operators is one of the major trends in the glass handling tools and equipment market. The challenging nature of glass handling and logistics operations in various end-user industries makes it necessary to have trained personnel with skilled technical expertise handling the operations of glass handling tools and equipment. Organizations such as OSHA have also listed down all the safety measures workers must carry out while handling glass. However, employees are finding it increasingly difficult to find skilled operators that can cater to the rising demand in end-user industries. The lack of skilled operators is primarily due to the over-dependence on the existing certified operators, leading to higher wages and overuse of these operators. Also, the lack of skilled operators contributes to delays and loss in the profitability of projects. The shortage of skilled operators will continue to pose a challenge to the growth of the global glass handling tools and equipment market during the forecast period.
This glass handling tools and equipment market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Parent Market Analysis
Technavio categorizes the global glass handling tools and equipment as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the glass handling tools and equipment market during the forecast period.
Who are the Major Glass Handling Tools And Equipment Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Aardwolf Industries LLC
- ANVER Corp.
- Bottero SpA
- Conzzeta Management AG
- CRH Plc
- HEGLA GmbH & Co. KG
- J. Schmalz GmbH
- LISEC Holding GmbH
- Muyen BV
- SCM GROUP Spa
This statistical study of the glass handling tools and equipment market encompasses successful business strategies deployed by the key vendors. The glass handling tools and equipment market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The glass handling tools and equipment market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Glass Handling Tools And Equipment Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the glass handling tools and equipment market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the industrial machinery market includes the following core components:
- Inputs
- Inbound logistics
- Operations
- Outbound logistics
- Marketing and sales
- Service
- Support activities
- Innovation
The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
Which are the Key Regions for Glass Handling Tools And Equipment Market?
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53% of the market’s growth will originate from APAC during the forecast period. US, China, Japan, Germany, and UK are the key markets for glass handling tools and equipment market in the region.
The growing demand for glass handling tools and equipment from the construction, e-commerce, and other end-user industries will facilitate the glass handling tools and equipment market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of the COVID-19 pandemic in 2020 severely impacted the lives of thousands of people around the world. Due to the widespread nature of COVID-19, governments across several APAC countries imposed lockdowns to contain the spread of the disease during 2020, which resulted in the suspension of activities across various end-user industries. This, in turn, led to a decline in the volume sales of glass handling tools and equipment, thereby hampering the growth of the regional market in 2020. Furthermore, construction activities in India were halted due to the outbreak of the second wave of COVID-19 during the first half of 2021. Several states in the country are under either a partial or complete lockdown, which has been disrupting construction activities. These factors will impact the demand for construction equipment in the region in the second half of 2021. However, the recovery of economies from the COVID-19 crisis will propel the growth of the regional glass handling tools and equipment market during the forecast period.
What are the Revenue-generating Product Segments in the Glass Handling Tools And Equipment Market?
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The glass handling tools and equipment market share growth by the vacuum lifters segment will be significant during the forecast period. Vacuum lifters are available in a range of shapes and load-bearing capacities to cater to the requirements of different applications. These are also available as attachments for cranes or forklifts. The major vendors for vacuum lifters include ANVER Corp. (ANVER), J. Schmalz GmbH (Schmalz), and VIAVAC vacuum lifting BV (VIAVAC).
This report provides an accurate prediction of the contribution of all the segments to the growth of the glass handling tools and equipment market size and actionable market insights on post COVID-19 impact on each segment.
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Glass Handling Tools And Equipment Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.82% |
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Market growth 2021-2025 |
$ 45.46 million |
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Market structure |
Fragmented |
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YoY growth (%) |
4.21 |
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Regional analysis |
APAC, Europe, North America, South America, and MEA |
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Performing market contribution |
APAC at 53% |
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Key consumer countries |
US, China, Japan, Germany, and UK |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Aardwolf Industries LLC, ANVER Corp., Bottero SpA, Conzzeta Management AG, CRH Plc, HEGLA GmbH & Co. KG, J. Schmalz GmbH, LISEC Holding GmbH, Muyen BV, and SCM GROUP Spa |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Glass Handling Tools And Equipment Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive glass handling tools and equipment market growth during the next five years
- Precise estimation of the glass handling tools and equipment market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the glass handling tools and equipment industry across APAC, Europe, North America, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of glass handling tools and equipment market vendors
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