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Global glass board market is set to gain remarkable traction over 2021-2027, given the myriad benefits such as ghosting resistance, durability, and availability in a variety of designs. Consumers are rapidly shifting their preferences from traditional whiteboards to glass writing boards owing to their high suitability for executive offices and boardrooms. In addition, their eco-friendly characteristics as compared to plastic and pressboards will further propel industry share over the projected timeframe.
A glass board refers to a naturally stain-resistant board with modern interior design, ideally used in professional offices, schools, colleges, as well as homes. This type of board is available in a variety of colors and has extensive benefits, such as high strength, ease of cleaning, and durability.
Rapid advances in technology and implementation of e-learning tools across the education sector are the key trends characterizing the overall glass board market growth. For example, Pathway Innovations, in collaboration with Matt Anderson, a physics professor at San Diego State University, unveiled an all-in-one writing surface, eGlass. This transparent glass writing board, embedded with a camera and adjustable lighting, was designed to enhance student engagement and learning experiences in the modern era.
However, the high costs of glass boards and the availability of interactive smart boards like flat panels at affordable prices may create hindrance to the steady industry expansion over the forthcoming years.
On the basis of product, the magnetic dry erase boards segment is projected to account for a considerable share by 2027. This can be credited to growing product launches, alongside multiple advantages like durability and non-ghosting or permanent staining nature. In February 2021, Arcon Worldwide and Elise Kanipe unveiled a new product line of magnetic dry erase glass boards, designed to add aesthetic appeal to the office space.
Regionally, the Asia Pacific is expected to emerge as a lucrative revenue prospect for the glass board market by 2027, given the high spending on educational infrastructure in the region. The budget allocation for education in India, for instance, grew from $11.4 billion in FY2017-18 to a nearly $13.3 billion in FY2020-21. Furthermore, the increasing number of registered colleges and approved universities in the region will also contribute to the rising popularity of glass board design over the coming years.
The competitive landscape of the glass board industry comprises of companies such as Claridge, ArchiExpo, Krystal Glass Writing Boards, Ghent, Fulbright Glass Boards, Casca Glass, Clarus, Xiamen Blessing Glass Whiteboard Manufacturing Co., Impact Signs, MooreCo, and ACCO Brands, among others. Innovative product launches and business expansions are some of the strategies being undertaken by these companies to expand their regional footprint across the global market.
For instance, in July 2021, Arden Studio made an official debut as a new design-focused manufacturer of glass writing boards and other products owned by ACCO Brands. The introduction of the new brand is geared towards creating safer and elegant spaces in shared settings and workplaces.
COVID-19 Impact on Glass Board Market Trends:
Rapid closure of schools due to the COVID-19 outbreak has brought significant disruptions to education sector across the globe. During the peak of the pandemic, over 45 countries in Central Asia and Europe shut their schools, impacting 185 million students. This temporary shutdown of educational facilities also created challenges to the glass board industry demand.
However, the sudden shift away from classroom learning to online learning in several countries may assert a positive influence on the demand for glass writing boards from teachers conducting remote classes. This expanding demand coupled with the rising prevalence of the online education sector is likely to aid industry recovery over the years ahead.