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Home Appliances Glass Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for glass used in home appliances has been consistently increasing over the past few years. It is predicted that it will surge from $7.86 billion in 2024 to $8.15 billion in 2025 with a compound annual growth rate (CAGR) of 3.7%. This growth during the historical period is due to factors such as consumer taste changes, demand for energy-efficient appliances, increased interest in smart appliances, economic shifts, global expansion, and advancements in material.
Home Appliances Glass Market Size Forecast: What’s the Projected Valuation by 2029?
The glass market for home appliances is predicted to see a robust increase in size in the coming years, expanding to a whopping $10.18 billion by 2029, with a compound annual growth rate (CAGR) of 5.7%. Factors contributing to the anticipated growth during this forecast period include integration with smart homes and IoT, urbanization, health and safety regulations, as well as supply chain dynamics. The period will also witness key trends such as soaring demand for power-saving appliances, the prevalence of rapid prototyping and 3D printing, partnerships with designers and architects, technological leaps in glass, and an emphasis on aesthetics.
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What Are the Drivers Transforming the Home Appliances Glass Market?
The rise in the usage of smart home devices is predicted to fuel expansion in the home appliance glass market. Smart home devices include electronic gadgets, appliances, and systems with connectivity features, capable of remote control or automation via a network, often through the internet. Home appliance glass is integrated into these smart home devices to improve aesthetics, durability, and touch interfaces, thus contributing to their seamless blending and contemporary design. As an example, the Canadian Internet Use Survey conducted by Statistics Canada, a government agency based in Canada, reported in July 2023, that utilization of internet-connected smart home devices has progressively grown from 42% in 2020 to 47% in 2022, with smart speakers comprising 30% of usage. Consequently, the rise in smart home devices is a driving force for the home appliance glass market.
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What Are the Key Trends Driving Home Appliances Glass Market Growth?
Prominent firms in the home appliances glass market are investing in innovative designs, such as glass door refrigerators, to improve both the aesthetics and energy efficiency of their products. These refrigerators, equipped with transparent or semi-transparent glass doors, enable consumers to see the contents without the need to open the door. For instance, HAIER ELECTRONICS GROUP CO., LTD., a leading electrical appliance manufacturer from China, unveiled its series of Phoenix glass door refrigerators in India in June 2024. Available in sizes of 185-liter and 190-liter, these refrigerators come with contemporary designs and high-tech features, such as Diamond Edge Freezing Technology for effective cooling and stabilizer-free operation to tackle voltage fluctuations. The refrigerators are also equipped with sturdy glass shelves and detachable, easy-to-clean gaskets. Notably, Haier also provides a 10-year compressor warranty, showcasing their dedication to superior quality and customer satisfaction.
Which Segments in the Home Appliances Glass Market Offer the Most Profit Potential?
The home appliances glass market covered in this report is segmented –
1) By Glass Type: Tempered Glass, Borosilicate Glass, Other Types
2) By Distribution Channel: Multi-Brand Stores, Specialty Stores, Online, Other Distribution Channels
3) By Application: Oven, Washing Machine, TV, Refrigerators, Other Applications
Subsegments:
1) By Tempered Glass: Single Tempered Glass, Laminated Tempered Glass
2) By Borosilicate Glass: Borosilicate Cookware, Borosilicate Laboratory Glassware
3) By Other Types: Annealed Glass, Low Iron Glass, Decorative Glass
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Which Firms Dominate the Home Appliances Glass Market by Market Share and Revenue in 2025?
Major companies operating in the home appliances glass market include Schott AG, Guardian Industries Holdings, Nippon Electric Glass Co. Ltd., Glaston Corporation, Qingdao Lansen Glass Technology Co. Ltd., Sinclair Glass, Dongguan Hongxi Glass Intelligence Technology Co. Ltd., Ningbo Bilily Tempered Glass Products Co. Ltd., Saint-Gobain, Vetrerie Riunite Group., Taian Saintly Glass Co. Ltd., Kunshan Energy Glass Technology Co. Ltd., Sanfeng Glass Co. Ltd., Swift Glass Company Inc., Glassline, Mid-American Glass, AGC Inc., Corning Incorporated, Pilkington Group Limited, Vitro S.A.B. de C.V., Fuyao Glass Industry Group Co. Ltd., Xinyi Glass Holdings Limited
Which Regions Offer the Highest Growth Potential in the Home Appliances Glass Market?
Asia-Pacific was the largest region in the home appliances glass market in 2024. The regions covered in the home appliances glass market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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