The growing number of banking outlets is expected to inflate the bulletproof glass market in China, which is expected to post a CAGR of almost 17% from 2015-2019, says research firm Technavio.
Bulletproof glass: About the Report
The banking landscape in China is dominated by state-owned banks, and the oligopolistic structure of the market has led to tepid growth of the financial services industry. However, the country is moving towards liberalization, and planning to open up the industry to foreign investment.
“Government initiatives will lead to an increase in new investment and a greater number of banking outlets and ATMs across the country. These new outlets require security in the form of bulletproof glass, which will seriously contribute to market growth during the forecast period,” says Faisal Ghaus, Vice President of Technavio.
The latest report by Technavio indicates that the glass industry has low entry barriers, and as a result there is a huge influx of new players that operate based on price. Most vendors are embarking on innovation and are making huge R&D investments to drive business.
Market Scope and Calculation of Market Size
The new Technavio report covers the present scenario and growth prospects of the bulletproof glass market in China from 2015-2019.
Key Information Covered in the Report:
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Key Vendors:
- Asahi Glass
- China Glass Holdings
- Nippon Sheet Glass
- PPG Industries
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Market Growth Drivers:
- Increase in Number of Banking Outlets
- For a full detailed list, view our report.
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Market Challenges:
- Rising Prices of Raw Materials and Input Costs
- For a full detailed list, view our report.
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Market Trends:
- Increase in Innovation through R&D
- For a full detailed list, view our report.
Technavio currently has more than 3000 market research reports on a huge range of topics, including 100+ reports on the glass market:
If you are interested in more information, please contact our media team at media@technavio.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150525005019/en/
Contacts:
Jes Ellacott, US: +1-630-333-9501, UK:
+44-208-123-1770
Media & Marketing Executive
media@technavio.com
www.technavio.com
