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A recent report was published detailing anticipated growth in the global glass handling tools and equipment market, key players and the driver behind the increase. The Global Glass Handling Tools and Equipment market is anticipated to rise at a considerable rate during the forecast period, between 2022 and 2030. The global glass and glass products market is also expected to grow from $202.93 billion in 2022 to $216.27 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%.
Demand for energy efficient buildings increased exponentially. Consumers and businesses alike are seeking comfort, convenience, and lower utility costs. The increasing adoption of glazed glass is a primary growth driver for glass handling tools and equipment. Double or triple-glazed flat 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.
Architectural trends also play a key role in driving growth. Natural light inside buildings replaces artificial lighting systems and creates a different aesthetic which consumers are demanding. This rise in installing coated glass in commercial buildings will also increase the need for glass lifting equipment for large panels.
Demand for solar energy is expected to propel the growth of the glass and glass products market going forward.
Top Glass Equipment Growth
The overall market is categorized into 3 types of equipment that held the largest Glass Handling Tools and Equipment market share In 2022.
- Manual Handling and Other Equipment
- Loading and Storage Equipment
- Vacuum Lifters
Of the 3, vacuum lifters are driving the highest percentage of growth. The development of high-load-capacity glass lifters is one of the major trends in the glass handling tools and equipment market. The use of such high-capacity lifters increases efficiency in glass handling activities while ensuring the workers’ safety.
As a key player in the global glass handling tools and equipment industry, Wakefield Equipment takes our job seriously. We provide the highest quality tools and equipment at the lowest cost. What sets Wakefield Equipment apart is our expertise in the glass industry. Our team has built a reputation of being honest, reliable and trustworthy. We only sell products that meet our stringent requirements and will save our customers reduce labor costs, waste and increase productivity. Contact us to build a custom quote or learn more about how you can optimize your glass facility.