Home Appliances Glass Market Analysis By Application (Refrigerators, Ovens, Microwave Ovens, Dishwashers, Washing Machines), By Type (Tempered Glass, Laminated Glass, Annealed Glass), and By Region Forecast to 2032:
- Report ID: ME_00132359
- Format: Electronic (PDF)
- Publish Type: Publish
- Number of Pages: 250
Market Snapshot
Source: Market Expertz
| Study Period | 2019-2032 |
| Base Year | 2023 |
| Forcast Year | 2023-2032 |
| CAGR | 6.63 |
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Home Appliance Glass Market Analysis Report 2023-2032:
The Home Appliance Glass Market size is estimated to grow at a CAGR of 5.12% between 2022 and 2032. The market size is forecast to increase by USD 8,765.32 million. The growth of the market depends on several factors, including the increasing demand for home appliances, technological advancements in glass manufacturing, and the growing trend of smart homes. Home appliance glass refers to the glass components used in various household appliances such as refrigerators, ovens, cooktops, washing machines, and dishwashers. These glass components are designed to provide functionality, safety, and aesthetic appeal to the appliances.
Home Appliance Glass Market Overview
Drivers
One of the key factors driving the home appliance glass market growth is the increasing demand for home appliances. With the rising disposable income and changing lifestyles, there is a growing demand for technologically advanced and aesthetically appealing home appliances. Glass components play a crucial role in enhancing the functionality and visual appeal of these appliances. For example, glass doors in refrigerators provide visibility and add a modern touch to the appliance. Similarly, glass cooktops offer a sleek and elegant look to kitchen stoves. The increasing demand for home appliances is expected to drive the demand for home appliance glass during the forecast period.
Moreover, technological advancements in glass manufacturing have led to the development of specialized glass types that offer enhanced properties such as heat resistance, scratch resistance, and durability. These advancements have expanded the application of glass in home appliances, further driving the market growth. Additionally, the growing trend of smart homes, which require advanced and visually appealing appliances, is expected to fuel the demand for home appliance glass.
Trends
A key trend shaping the home appliance glass market growth is the integration of smart features in glass components. With the advent of the Internet of Things (IoT) and smart home technologies, there is a growing demand for home appliances with smart capabilities. Glass components embedded with sensors, touch panels, and displays enable the integration of smart features into appliances. For example, glass panels with touch controls are used in smart ovens and refrigerators, allowing users to control and monitor the appliances through a digital interface. The integration of smart features in glass components enhances the functionality and user experience of home appliances, driving the market growth.
Furthermore, there is a growing focus on sustainability and energy efficiency in the home appliance industry. Glass manufacturers are developing eco-friendly and energy-efficient glass solutions for appliances. For instance, low-emissivity (Low-E) glass is used in refrigerators and ovens to improve insulation and reduce energy consumption. The increasing adoption of sustainable and energy-efficient glass solutions is expected to contribute to the market growth during the forecast period.
Restraints:
One of the key challenges hindering the home appliance glass market growth is the high cost of specialized glass types. The development and manufacturing of glass with enhanced properties require advanced technologies and specialized processes, which can be costly. The high cost of specialized glass types can limit their adoption, especially in price-sensitive markets. Additionally, the complex manufacturing processes and the need for skilled labor further contribute to the high cost of specialized glass. The cost factor can pose a challenge for manufacturers and hinder the market growth.
Furthermore, the fragility of glass components is another restraint for the market. Glass is inherently fragile and prone to breakage, which can lead to safety concerns and increased maintenance costs for consumers. Manufacturers need to ensure the durability and safety of glass components to address these concerns. The fragility of glass components can limit their application in certain home appliances, impacting the market growth.
Home Appliance Glass Market Segmentation By Application
The refrigerators segment is estimated to witness significant growth during the forecast period. Glass components play a crucial role in refrigerators, providing visibility, insulation, and aesthetic appeal. Glass doors are commonly used in refrigerators, allowing users to see the contents without opening the door, thereby reducing energy consumption. Additionally, glass shelves and compartments enhance the organization and visual appeal of refrigerators. The increasing demand for energy-efficient and visually appealing refrigerators is expected to drive the growth of this segment.
The ovens segment is also expected to contribute to the market growth. Glass components such as oven doors and control panels are essential for the functionality and safety of ovens. Glass oven doors with heat-resistant properties provide visibility and insulation, allowing users to monitor the cooking process without opening the oven door. Glass control panels with touch controls enhance the user experience and enable precise temperature and time settings. The growing demand for advanced and smart ovens is expected to fuel the growth of this segment.
Home Appliance Glass Market Segmentation By Type
The tempered glass segment is estimated to witness significant growth during the forecast period. Tempered glass is a type of safety glass that is heat-treated to increase its strength and resistance to breakage. It is widely used in home appliances due to its durability and safety features. Tempered glass components provide protection against thermal stress, impact, and mechanical stress, making them suitable for applications in ovens, cooktops, and refrigerators. The increasing focus on safety and durability in home appliances is expected to drive the demand for tempered glass.
The low-emissivity (Low-E) glass segment is also expected to contribute to the market growth. Low-E glass is coated with a thin layer of metallic oxide that reduces the transfer of heat and blocks harmful UV rays. It is commonly used in refrigerators and ovens to improve insulation and energy efficiency. The growing emphasis on energy-efficient appliances and sustainability is expected to fuel the demand for Low-E glass.
Regional Overview
North America is estimated to contribute significantly to the growth of the global market during the forecast period. The region has a well-established home appliance industry, driven by the high disposable income and technological advancements. The demand for advanced and visually appealing home appliances is increasing in North America, leading to the adoption of home appliance glass. Additionally, the growing trend of smart homes and the increasing focus on energy efficiency are driving the demand for home appliance glass in the region. The presence of major home appliance manufacturers and glass suppliers further supports the market growth in North America.
Europe is also expected to witness substantial growth in the home appliance glass market. The region has a strong manufacturing base for home appliances and a high demand for energy-efficient and aesthetically appealing appliances. The stringent regulations regarding energy efficiency and sustainability in Europe are driving the adoption of home appliance glass with enhanced properties. The increasing consumer preference for smart homes and the growing awareness of environmental issues are expected to contribute to the market growth in Europe.
Customer Landscape
The home appliance glass market industry report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Who are the Major Home Appliance Glass Market Companies?
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
AGC Inc.: The company offers home appliance glass such as tempered glass for refrigerators, ovens, and cooktops, and Low-E glass for energy-efficient appliances.
Corning Incorporated: The company offers home appliance glass such as Gorilla Glass for oven doors and control panels, and specialty glass for refrigerators and cooktops.
Nippon Electric Glass Co., Ltd.: The company offers home appliance glass such as tempered glass for ovens, cooktops, and refrigerators, and Low-E glass for energy-efficient appliances.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
- Asahi Glass Co., Ltd.
- Foshan Shunde Xingtan Taicheng Glass Co., Ltd.
- Guangdong Foshan Nanhai Hengsheng Tempered Glass Co., Ltd.
- Hangzhou Xinfu Science & Technology Co., Ltd.
- Hitachi Chemical Co., Ltd.
- Koch Industries Inc.
- Kwang Sung Glass Co., Ltd.
- Ningbo Winteco Industrial Equipment Co., Ltd.
- Saint-Gobain S.A.
- Schott AG
- Suzhou Huadong Coating Glass Co., Ltd.
- Vitro, S.A.B. de C.V.
- Xinyi Glass Holdings Limited
- Yingxin Glass Group Co., Ltd.
- Zhejiang Glass Company Limited
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Segment Overview
The home appliance glass market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2019 to 2032.
Geography Outlook (USD Million, 2019 - 2032):
- North America
- The U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Rest of Europe
- APAC
- China
- India
- South America
- Chile
- Argentina
- Brazil
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
RESEARCH METHODOLOGY
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Secondary Research Model
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Primary Insights
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
Market Estimation
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
Final Presentation
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
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