Post Time:Nov 02,2020Classify:Industry NewsView:1141
Technavio has announced its latest market research report titled Global Glass Handling Tools and Equipment Market 2020-2024 (Graphic: Business Wire)
"One of the primary growth drivers for this market is the Increasing Adoption of Glazing and the Energy Efficiency in Buildings,” says a senior analyst for Industrials at Technavio.
The demand for glazing in commercial and residential buildings is increasing as it saves energy by reducing the consumption of electricity. The increasing adoption of glazing and the energy efficiency in buildings will be one of the major factors driving glass handling tools and equipment market growth. Glass is an environmental-friendly material. The demand for traditional brick and mortar walls is declining due to the increasing popularity of coated glass. The installation of coated glass in commercial structures enhances the aesthetics of artificial lighting systems and facilitates the reflection of more natural light inside the building. Furthermore, many people in developing economies also prefer residential glazing due to the rise in disposable incomes and rapid economic growth. This will consequently increase the need for glass lifting equipment.
As the markets recover Technavio expects the glass handling tools and equipment market size to grow by USD 37.25 million during the period 2020-2024.
Glass Handling Tools and Equipment Market Segment Highlights for 2020
Regional Analysis
Click here to learn about report detailed analysis and insights on how you can leverage them to grow your business.
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Source: https://www.businesswire.com/news/Author: shangyi