The Storefront Glass market was valued for $5,606.80 million in 2020 and is estimated to reach $13,278.80 million by 2032, exhibiting a CAGR of 7.3% from 2023 to 2032. Storefront glass is a specific kind of glass that is used to form the external façade of commercial and retail structures. Glass used in storefronts is intended to create translucent or transparent barriers that let light into the building while allowing vision within the business. Glass storefronts are an essential part of commercial architecture because they provide firms with a beautiful display area while also forming an inviting and eye-catching entrance.
Globally, the government's focus on constructing commercial infrastructure, particularly smart cities, is growing as a result of the construction industry's rapid expansion. The need for various sorts of construction materials, including goods like commercial glass, primarily storefront glassware, has increased with the development of the construction sector. During the anticipated time frame, a factor like this is anticipated to fuel market expansion.
Moreover, large glass storefronts can be vulnerable to break-ins and vandalism. Ensuring adequate security measures, such as laminated or tempered glass and security systems, is essential. In addition, storefront glass requires regular cleaning and maintenance to keep it looking its best. Dust, dirt, and weather elements can accumulate on the glass, impacting its appearance.
Furthermore, glasses used for storefronts have a number of benefits, including refraction, transmission, light absorption, resistance to dust, efficiency in terms of cost and energy, greater insulation, weather resistance, rust resistance, a wide range of color options, and flexibility. Because the storefront glass offers improved characteristics in every way-such as theft protection, protection from hazardous radiations, and many other facilities-the demand for storefront glasses is projected to rise, which will support the market rate for storefront glass's expansion.
The storefront glass market is segmented on the basis of type, distribution channel, end user and region. By type, the market is categorized into safety/limited glass, insulated glass and others. On the basis of distribution channel, it is bifurcated into online and offline. On the basis of end user, the market is categorized into stores, showrooms and others.
Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The storefront glass market is segmented into type, distribution channel, end user and region. The type in the study includes safety/limited glass, insulated glass and other. By distribution channel, it is further bifurcated into online and offline. By end user, it is categorized into stores, showrooms, and others. By region, the storefront glass market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The report offers a thorough analysis of Storefront Glass Market with detailed study of various aspects of the market such as market dynamics, vital segments, major geographies, key players, and competitive landscape. The report provides a clear picture of the current market situation and future trends of the Storefront Glass Market based on the impact of various market dynamics and vital forces influencing the market. The drivers and opportunities in the market contributing to the market growth are acknowledged in the market dynamics. Besides, challenges and restraints that hold potential to hamper the market growth are also premeditated in the Storefront Glass Market. Porter's five forces analysis is delivered through the report which precisely highlights the effects of key forces on the Storefront Glass Market. The report offers market size and estimations analyzing Storefront Glass Market through various segments.
In addition, the report includes geographical market analysis of these segments. Each segment entailed in the report is studied at regional and country level as well to provide complete coverage of Storefront Glass Market. The report categorizes the Storefront Glass Market into four major geographies including North America, Europe, Asia-Pacific, and LAMEA. These geographies are further sub-categorized into countries to cover Storefront Glass Market scenario across in respective regions. Furthermore, the report covers competitive scenario of the Storefront Glass Market. The key players operating in the Storefront Glass Market are studied in the report to understand their current market position and competitive strengths in the industry.
The report profiles 10 key companies. Moreover, the company profiles include various data-points such as company overview, company executives, recent financials of the company, major growth strategies espoused by company, new initiatives and advancements by company to sustain and mend their position in the Storefront Glass Market, and others
Globally, the government's focus on constructing commercial infrastructure, particularly smart cities, is growing as a result of the construction industry's rapid expansion. The need for various sorts of construction materials, including goods like commercial glass, primarily storefront glassware, has increased with the development of the construction sector. During the anticipated time frame, a factor like this is anticipated to fuel market expansion.
Moreover, large glass storefronts can be vulnerable to break-ins and vandalism. Ensuring adequate security measures, such as laminated or tempered glass and security systems, is essential. In addition, storefront glass requires regular cleaning and maintenance to keep it looking its best. Dust, dirt, and weather elements can accumulate on the glass, impacting its appearance.
Furthermore, glasses used for storefronts have a number of benefits, including refraction, transmission, light absorption, resistance to dust, efficiency in terms of cost and energy, greater insulation, weather resistance, rust resistance, a wide range of color options, and flexibility. Because the storefront glass offers improved characteristics in every way-such as theft protection, protection from hazardous radiations, and many other facilities-the demand for storefront glasses is projected to rise, which will support the market rate for storefront glass's expansion.
The storefront glass market is segmented on the basis of type, distribution channel, end user and region. By type, the market is categorized into safety/limited glass, insulated glass and others. On the basis of distribution channel, it is bifurcated into online and offline. On the basis of end user, the market is categorized into stores, showrooms and others.
Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Competition Analysis
The storefront glass market is segmented into type, distribution channel, end user and region. The type in the study includes safety/limited glass, insulated glass and other. By distribution channel, it is further bifurcated into online and offline. By end user, it is categorized into stores, showrooms, and others. By region, the storefront glass market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The report offers a thorough analysis of Storefront Glass Market with detailed study of various aspects of the market such as market dynamics, vital segments, major geographies, key players, and competitive landscape. The report provides a clear picture of the current market situation and future trends of the Storefront Glass Market based on the impact of various market dynamics and vital forces influencing the market. The drivers and opportunities in the market contributing to the market growth are acknowledged in the market dynamics. Besides, challenges and restraints that hold potential to hamper the market growth are also premeditated in the Storefront Glass Market. Porter's five forces analysis is delivered through the report which precisely highlights the effects of key forces on the Storefront Glass Market. The report offers market size and estimations analyzing Storefront Glass Market through various segments.
In addition, the report includes geographical market analysis of these segments. Each segment entailed in the report is studied at regional and country level as well to provide complete coverage of Storefront Glass Market. The report categorizes the Storefront Glass Market into four major geographies including North America, Europe, Asia-Pacific, and LAMEA. These geographies are further sub-categorized into countries to cover Storefront Glass Market scenario across in respective regions. Furthermore, the report covers competitive scenario of the Storefront Glass Market. The key players operating in the Storefront Glass Market are studied in the report to understand their current market position and competitive strengths in the industry.
The report profiles 10 key companies. Moreover, the company profiles include various data-points such as company overview, company executives, recent financials of the company, major growth strategies espoused by company, new initiatives and advancements by company to sustain and mend their position in the Storefront Glass Market, and others
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the storefront glass market analysis from 2020 to 2032 to identify the prevailing storefront glass market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the storefront glass market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global storefront glass market trends, key players, market segments, application areas, and market growth strategies.
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- Product Benchmarking / Product specification and applications
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Key Market Segments
By Type
- Safety/Limited Glass
- Insulated Glass
- Others
By Distribution Channel
- Online
- Offline
By End User
- Stores
- Showrooms
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
- Key Market Players
- C.R. Laurence
- Alcoa Corp
- Promat International
- Guardian Industries
- PPG Industries
- Nippon Sheet Glass Co., Ltd
- Tubelite
- Sisecam Group
- Asahi Glass
- Compagnie de Saint-Gobain
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: STOREFRONT GLASS MARKET, BY TYPE
CHAPTER 5: STOREFRONT GLASS MARKET, BY DISTRIBUTION CHANNEL
CHAPTER 6: STOREFRONT GLASS MARKET, BY END USER
CHAPTER 7: STOREFRONT GLASS MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
Storefront glass expected to Reach $ 13.3 Billion by 2032According to the report titled, 'Storefront glass by type, distribution and end user: Global Opportunity Analysis and Industry Forecast, 2023-2032,”
The global storefront glass market was valued at $5.6 billion in 2020, and is projected to reach $13.3 billion by 2032, growing at a CAGR of 7.3% from 2023 to 2032.
Storefront glass is a particular type of glass that is used to create the exterior facade of structures used for commerce and retail. The translucent or transparent barriers that glass used in storefronts is meant to produce are meant to let light into the building while enabling a view inside the business. Glass storefronts are a crucial component of commercial design because they give businesses a stunning display area while also making an appealing and eye-catching entrance.
The market for storefront windows and doors is anticipated to grow as a result of the increase in the development of commercial and institutional buildings. Due to their huge metropolitan populations and high levels of disposable income, major nations including the U.S., China, Germany, and India are predicted to be prospective markets for the construction of commercial spaces. The World Bank estimates that 56% of people live in urban areas worldwide, and that number is predicted to rise to 70% by 2050. Buildings like retail stores, hotels, and other commercial real estate are expanding considerably and are giving the expanding urban population the infrastructure, they need. Additionally, the IT sector and other service sector professions are in high demand in nations like China and India, which is a major factor in the development of commercial buildings used as offices. For instance, the demand for office space is forecast to increase in India, with urbanization in Delhi-NCR, Mumbai, and Bengaluru all expected to increase at the same time, according to the India Brand Equity Foundation (IBEF). Additionally, storefront glasses were necessary for this kind of commercial and institutional building in order to provide materials that were both aesthetically pleasing and robust. increasing number of construction projects as a result.
However, storefront glass required regular cleaning and maintenance to keep it looking its best. The glass may become covered with dirt, dust, and other environmental factors, which could have an impact on how it appears. Additionally, the price of raw materials required in the manufacture of glass is increasing because storefront glasses are made with recycled waste, limestone, and sodium carbonate as ingredients. These are the primary factors that will restrict and impede the market's rate of growth.
By Type: The market is bifurcated into safety/limited glass, insulated glass and other. Based on type, the insulated glass segment held the highest market share in 2020 and is estimated to maintain its leadership status throughout the forecast period. Increase use of insulated glass due to its various advantages such as it offers stable heating and cooling efficiency. In addition, insulated storefront glass helps in maintaining a stable indoor temperature, reducing the strain on HVAC (heating, ventilation, and air conditioning) system, and extending their lifespan. This is particularly appearing to the building on a seeking to optimize their HVAC- related expenses. Hence, such an advantage propels the growth of the market during forecast periods. Increasing awareness regarding safety and security in commercial and retail spaces propelled the growth of safety laminated storefront glasses during forecast periods. In addition, laminated glasses segment is expected to grow at a highest CAGR as it offer wide range of advantage to building owners such as impact of resistance and shatterproof properties as businesses and property owners prioritized the protection of their assets, employers, and customers, laminated storefront glasses, with the impact of resistance and setup proof properties, become essentials. Additionally, distinct building codes and regulations made the use of safety glasses, propeller demand for limited options. The desire for aesthetically pleasing design in storefront that also security further fuel adoption of laminated glass, making it preferable choice for both new construction and renovation. n addition, aging post tension structures face corrosion, deterioration, and structural deficiencies. Many builders, government, and asset owners are increasingly investing in repair and rehabilitation to ensure safety and functionality of crucial infrastructure.
Furthermore, several commodities, including food items, oil, and gas, saw a surge in price due to the Russia-Ukraine conflict. With supply chain interruptions, there are more expensive shipping costs, fewer available containers, and less warehouse space. Since there have been delays in shipments and congestion, certain ports have been closed, and orders are being retracted, which influences industry and consumers globally. The decline in investor confidence has also increased the stock market volatility. Economic instability has risen due to the strained commercial ties between Russia, Ukraine, and their different trading partners. Hence, all such factors have reduced export possibilities.
By Distribution Channel: The market is segmented into online and offline. The online segment held the highest market share in 2020, and is estimated to maintain its leadership status throughout the forecast period. The demand for storefront glasses being purchased online has been steadily growing as the convenience of online shopping has transformed the way consumers shop for products, including storefront glasses and other construction materials. Customers can browse and compare a wide range of options from the comfort of their own homes, avoiding the need to visit multiple physical stores. This helps to save time and offers better range. In addition, the competitive pricing and discounts offered by online retailers can make purchasing storefront glass more cost-effective. Online sellers frequently have lower overhead costs and can pass these savings on to customers. Moreover, the convenience of doorstep delivery is another driving factor. Glass products can be heavy and fragile, making traditional in-store purchases less appealing when compared to the ease of having them delivered to one's doorstep.
Thus, such factors are expected to drive the demand for storefront glasses been purchased online. However, the offline segment is projected to manifest the highest CAGR of 7.7% from 2023 to 2032. The demand for storefront glasses being purchased offline, through traditional brick-and-mortar stores, is experiencing growth as some consumers prefer the tactile and hands-on experience that physical stores offer. They can see and touch the actual product, assess its quality, and measure how it might fit into their specific needs. This level of interaction can be particularly important for items like storefront glass, where aesthetics and functionality are critical. In addition, the ability to inspect the glass for imperfections and ensure it meets quality standards is another reason for the growing demand in offline purchases. Customers can personally scrutinize the glass for any flaws or damage, reducing the risk of receiving damaged goods. Thus, such factors are maintaining the demand for storefront glasses purchased via stores.
Segmental Overview
The storefront glass market is segmented into type, distribution channel, end user, and region. The type in the study includes safety/limited glass, insulated glass and others. By distribution channel, the market is bifurcated into online and offline. By end user, it is segmented into stores, showrooms, and others. By region, the storefront glass market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).COMPETITION ANALYSIS
The key companies profiled in the storefront glass market report include Asahi Glass, Nippon Sheet Glass Co., Ltd, Promat International, PPG Industries, Tubelite, Alcoa, C.R. Laurence, Guardian Industries Corporation, Compagnie de Saint-Gobain and Sisecam Group.Major companies in the market have adopted acquisition, product launch, business expansion, and other strategies as their key developmental strategies to offer better products and services to customers in the storefront glass market.
KEY FINDINGS OF THE STUDY
The report provides an extensive analysis of the current and emerging trends and dynamics.By type, the insulated segment was the largest revenue generator in 2020.
By distribution channel, the online segment generated the highest revenue in 2020.
By end user, the stores segment generated the highest revenue in 2020.
By region, North America generated the highest revenue in 2020.
Companies Mentioned
- C.R. Laurence
- Alcoa Corp
- Promat International
- Guardian Industries
- PPG Industries
- Nippon Sheet Glass Co., Ltd
- Tubelite
- Sisecam Group
- Asahi Glass
- Compagnie de Saint-Gobain
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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