MarketResearchNest.com adds “Global Glass Handling Tools And Equipment Market 2017-2021” new report to its research database. The report spread across 68 pages with table and figures in it.
Research analysts forecast the global glass handling tools and equipment market to grow at a CAGR of 4.02% during the period 2017-2021.
About Glass Handling Tools and Equipment
Glass handling tools are generally used while installing and transporting glass in glass manufacturing facilities and construction sites. Flat glass is very fragile, which makes the manual handling of this glass very difficult. Improper handling can lead to severe injuries from glass sheet edges or glass shards. Large panes of glass or toughened glass are also very heavy, which necessitates the use of glass handling tools or equipment. Glass handling tools are, thus, used to make the process of moving and working with glass safer and more efficient.
Covered in this report
The report covers the present scenario and the growth prospects of the global glass handling tools and equipment market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
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The market is divided into the following segments based on geography:
Technavio’s report, Global Glass Handling Tools and Equipment Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Glass Handling Tools and Equipment Market 2017-2021
Technavio recognizes the following companies as the key players in the global glass handling tools and equipment market: Bottero, CMS Glass Machinery, Conzzeta Management, C.R. Laurence, and HEGLA.
Other Prominent Vendors in the market are: Aardwolf, ANVER, J. Schmalz, LiSEC, Muyen BV, NFK, Peter Hird and Sons, Quattrolifts, TAWI, VACU-LIFT, VIAVAC, and Wakefield Equipment.
Commenting on the report, an analyst from Research team said: “One trend in the market is device automation for improving workflow efficiency. As the cost of labor is rising and companies are facing stiff competition in the glass industry due to overcapacity, many vendors are finding it difficult to maintain profit margins. The number of skilled workers available in the industry is also on the decline as fewer people are joining the glass industry.”
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According to the report, one driver in the market is growing labor costs worldwide. A major factor driving the adoption of tools and equipment for materials handling is the need for improving worker efficiency. Automation increases labor productivity, which, in turn, reduces the number of people required to perform a task. This works well for countries where the cost of labor is high or skilled workforce is in short supply or both. However, countries where the cost of labor is low find it more economical to have a larger workforce rather than opting for automation. China, India, Indonesia, and Thailand are examples of such countries.
Further, the report states that one challenge in the market is decline in automotive sales. The sales of automotive vehicles have declined over the past few years in several major consuming countries around the world. Many countries across the globe, which are dependent on commodity exports, have been economically weakened due to the decline in commodity prices. This poses a serious challenge to many countries, especially those that are dependent on oil and gas exports for economic growth ever since the commodity prices crashed in 2014. There are also several countries that are not dependent on oil prices but have seen a decline in automotive sales due to lower demand for new cars, owing to the increased average lifespan.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key questions answered in this report: What will the market size be in 2021 and what will the growth rate be; What are the key market trends; What is driving this market; What are the challenges to market growth; Who are the key vendors in this market space; What are the market opportunities and threats faced by the key vendors; What are the strengths and weaknesses of the key vendors;
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Mr. Jeet Jain