According to the survey, our country's demand for glass machinery will grow steadily at an annual growth rate of 10%. With the increasing demand for fine and complex glass machinery required for glass edging machines, foreign glass machinery production suppliers will continue to benefit.
At the same time, the decline in import tariffs in a few years will also drive the growth of imported glass machinery. The weak growth of the glass machinery industry in our country will affect the demand for glass machinery. The continuous transformation of the product structure of glass machinery and equipment to high value-added equipment products will help promote the progress of market value returns.
Glass machinery will continue to be the largest segmented equipment product line, thanks to its wider use in durable consumer glass products and a wider range of glass machinery products. At the same time, the growing demand for leading and sophisticated glass machinery will further boost the sales of glass machinery equipment products.
In the next few years, our demand for glass machinery is estimated to increase by 10 percent per year, mainly due to the weak growth that can be expected in the automotive, construction and industrial glass production industries. The industrial machinery and transportation equipment industry has the greatest impact on the total sales of glass machinery, and its glass machinery demand accounts for more than 60% of the total demand, and the growth rate of glass machinery demand in these two industries is estimated to continue to exceed the average growth rate of the past. The continuous growth in the upgrading of consumer durables glass production and processing equipment, as well as the innovation of new equipment products in all industries, will continue to affect the growth of glass machinery demand.
Increasingly stringent energy conservation and emission reduction regulations will lead to the growing demand for high energy efficiency and low emission glass machinery. In the foreseeable future, our country in the glass machinery began to go out of the trough, into the demand burst, a number of industries such as smart phone manufacturing industry, mobile phone screen glass for high-performance glass machinery has a lot of new demand. Although it is impossible to accurately guess how long this period of burst can last, glass hopes that this period of rapid growth will soon end, at most until the end of the third quarter or the beginning of the fourth quarter, after which our national glass machinery market may enter a low period again.
This year, the demand for glass machinery industry in our country is changing very fast, many industries have new demand, and the demand is still very large. Our national glass machinery company must pay close attention to the latest changes in the market, increase the relevant industry demand research efforts, close contact with customers, timely know the new needs of customers and various industries, and progress its own development and production efforts, satisfied with the differentiated needs and integration needs of relevant customers, so as to adhere to the rapid change in the market and win. Glass machinery network believes that the demand for glass machinery in the electrical and electronics industry is also estimated to grow, thanks to weak growth in the household appliances industry. Another driving factor in the growth of glass machinery demand can be attributed to the transition to the use of more environmentally friendly glass machinery.
