Home Appliances Glass Global Market Report 2024

The home appliances glass market size has grown strongly in recent years. It will grow from $7.56 billion in 2023 to $7.98 billion in 2024 at a compound annual growth rate (CAGR) of 5.5%. The growth observed during the historical period can be attributed to factors such as consumer preferences, energy efficiency requirements, an increasing demand for smart appliances, economic trends, globalization, and innovations in materials.

The home appliances glass market size is expected to see strong growth in the next few years. It will grow to $9.88 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The anticipated growth in the forecast period can be attributed to factors such as smart home integration, the integration of the Internet of Things (IoT), urbanization, adherence to health and safety standards, and the dynamics of supply chain management. Key trends expected in the forecast period include a rising demand for energy-efficient appliances, the adoption of rapid prototyping and 3D printing, collaborations with designers and architects, advancements in glass technology, and an increased focus on aesthetics.

The anticipated growth of the home appliance glass market is driven by the increasing prevalence of smart home devices. These devices, encompassing electronic appliances and systems with connectivity features for remote control and automation through networks, are integral to modern living. Home appliance glass plays a crucial role in smart home devices, enhancing aesthetics, durability, and touch interfaces. Its use contributes to the seamless integration and contemporary design of these connected appliances. Statistics Canada's Canadian Internet Use Survey in July 2023 reported a rise in the adoption of internet-connected smart home devices from 42% in 2020 to 47% in 2022, with smart speakers being the most popular device at 30%. Consequently, the growing number of smart home devices propels the home appliance glass market.

The growth of the home appliance glass market is also expected to be fueled by increasing urbanization. As rural areas undergo urbanization due to economic development, modern, energy-efficient appliances become essential for enhancing the quality of life and sustainability in urban living spaces. Home appliance glass plays a role in crafting these contemporary appliances. The World Bank Group reported in April 2023 that over half of the global population currently resides in urban regions, and this urban population is projected to surge to 6 billion by 2045, signifying a 1.5 times increase. Therefore, the rising trend of urbanization acts as a driving force for the home appliance glass market.

A notable trend in the home appliance glass market is the emphasis on product innovation by major companies. These companies are committed to developing inventive solutions to strengthen their market position. For instance, Schott AG, a German glass manufacturing company, introduced CERAN Luminoir in October 2021, a glass-ceramic for cooking designed to facilitate the development of smart cooktops. This product enhances the safety and usability of cooktop operations with its unique lighting system that allows white and blue light to shine brighter and more clearly while maintaining a deep black appearance.

Major companies in the home appliance glass market are directing their efforts towards the development of technologically advanced products, such as those incorporating pure light cooking technology, to meet consumer demands. Pure light cooking technology utilizes light as the primary cooking source, offering an innovative approach. Brava, a US-based technology company, launched Brava Glass in January 2021, featuring a cutting-edge glass window on the oven for an immersive cooking experience. This product retains Brava's patented Pure Light Cooking technology and includes popular cooking modes such as Air-Fry, Roast, and Bake. Brava Glass introduces a 97% tint glass panel, providing transparency into the cooking process.

In January 2023, Hornos Industriales Pujol S.A., a Spain-based laminated glass manufacturing company, acquired Tekno Kilns s.r.l. for an undisclosed amount. This strategic acquisition is aimed at reinforcing Hornos Industriales Pujol S.A.'s position in all processes related to safety glass and accelerating product expansion to customers. Tekno Kilns s.r.l. is an Italy-based company specializing in the design and manufacturing of glass fusing, bending, tempering, and laminating processes.

Major companies operating in the home appliances glass market report are 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., Europtec AG, Saint-Gobain, Dr. Greiche Glass, Vetrerie Riunite Group., Taian Saintly Glass Co. Ltd., Kunshan Energy Glass Technology Co. Ltd., Sanfeng Glass Co. Ltd., Swift Glass Company Inc., Consolidated Glass Corporation, Industriglas, Glassline, Ditto Sales Inc., AURYS, Mid-American Glass, Jaakko-Tuote, Walshs 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.

Asia-Pacific was the largest region in the home appliances glass market in 2023. The regions covered in the home appliances glass market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the home appliances glass market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary types of home appliance glass include tempered glass, borosilicate glass, and others. Tempered glass is a reinforced material utilized in home appliances for its ability to withstand high temperatures and pressure, reducing the risk of accidents related to broken glass. These glasses are distributed through various channels, including multi-brand stores, specialty stores, online platforms, and others, and find applications in diverse home appliances such as ovens, washing machines, TVs, refrigerators, and more.

The home appliances glass market research report is one of a series of new reports that provides home appliances glass market statistics, including home appliances glass industry global market size, regional shares, competitors with a home appliances glass market share, detailed home appliances glass market segments, market trends and opportunities, and any further data you may need to thrive in the home appliances glass industry. This home appliances glass market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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