Glass Board Market Update,
Analysis, Forecast, 2019 – 2025

Global Market Insights, Inc
present the report on global glass board
market evaluates the growth trends of the industry through historical study
and estimates future prospects based on comprehensive research. The report
extensively provides the market share, growth, trends and forecasts for the
period 2019-2025.

Global glass board market size
is likely to witness an exponential growth rate over the forecast period,
2018-2025. Glass boards are a piece of tempered glass which are ten time
stronger than the regular glass boards works with dry erase markers, permanent
markers, paint markers and grease pens. Many industries are started to rely on
them due to cleanliness, durability, and style. Glass boards are rapidly
replacing the traditional white boards, which were the cutting-edge product
just few years ago. Glass boards are made from various types of pressboards
coated in a static-cling and dry erase chemicals.

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The major factors which are
driving the global glass board market include the adoption of e-learning,
gamification in education & corporate sectors and increased government
funding to incorporate the product for various applications. Growing investment
in the education sector is one of the major factors driving the glass board
market growth. Education is the second largest industry in the world after
healthcare. Increasing technology adoption in education sector has led to
improved collaboration and interaction among students. Global educational
technology market has crossed USD 17.7 billion in 2017 and it is projected to
grow to USD 40.9 billion by 2022, at the CAGR of 18.3%. The growth of education
sector shall help the glass board market to grow on a significant rate over the
forecast time frame.

The product is also used in
the corporate sector for presentation and meetings. Increasing product
consumption in both corporate and education sectors shall create high product
demand over the coming years. However, increasing adoption of substitute
technologies, such as flat panels and tablets are expected to hamper the glass
board market growth over the forecast timespan. High cost and lack of awareness
among people about the product may also restrain the glass board market growth
in coming years.

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The global glass board market
has been segmented by product into magnetic dry erase boards and non-magnetic
dry erase boards. Magnetic dry erase boards are some of the most useful and
durable products in glass board market. They combine the clean look of board
with the added features of posting exam calendars and important documents. It
is a great tool for professors, business owners and hospitals, owing to these
properties magnetic dry erase board market is anticipated to grow at a
significant growth rate. Magnetic dry erase glass boards are generally
installed in front of K-8 classrooms. These boards let teachers do more than
with dry erase markers. Schools choose to place non-magnetic whiteboards at
back of the classrooms, where reminders, homework assignment and other notes
needed to use the board.

Asia Pacific held the major
market share of glass board market in 2017 and it is anticipated to lead the
market, over the forecast period. The growth of glass board market in the
region is primarily driven by increasing investments on educational
infrastructure coupled with improving lifestyle in the developing countries
such as India and China. The school accounted for the largest market share of
Asia Pacific glass board market in past few years and projected to continues to
do so throughout the forecast period. Education sector in India is currently
valued at USD 100 billion and anticipated to nearly double USD 180 billion by
2020. Indonesia, Sri Lanka, and Myanmar’s education markets are growing with
good growth rate.

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This exponential growth in
education sector of the region will provide more opportunities to the Asia
Pacific glass board market in near future. North America was the second largest
product consumer. This regional market is likely to experience moderate growth
over the forecast timespan due to technological advancement and increasing
adoption of interactive whiteboards in the region. Europe might experience
sluggish growth rate in coming years, due to market saturation and increasing
usage of modern devices in classroom teaching.

Major players operating in the
global glass board market are ACCO Brands, MooreCo Inc., Impact Signs Inc.,
Xiamen Blessing Glass Whiteboard Manufacturing Co., Ltd, Clarus, Glass
Whiteboard, Casca Glass, Fulbright Glass Boards, Krystal Glass Writing Boards,
Inc., Ghent, Archi Expo and Claridge, among others. In April 2016, MooreCo Inc.
and Vanerum Stelter, LLC came together to offer most comprehensive offering of
educational and commercial furniture, tools, technological products, and visual
communication tools. This strategic decision will help both companies to
provide better solution to customer and it will increase their customer base.

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