Title: Glass Board Market trends research and projections for 2019 - 2025
1Glass Board Market Growth Outlook with Industry
Review and Forecast 2019-2025
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2 Global Market Scenario of Glass Board Industry
- 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 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.
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3- Regional Trends-
- 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 Myanmars
education markets are growing with good growth
rate. - 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.
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5- Competitive Trends
- 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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