Bag Filter Market by End-user, Product Type, and Geography - Forecast and Analysis 2022-2026
| Published: Sep 2022 | Pages: 149 | SKU: IRTNTR74401 |
The bag filter market is projected to grow by USD 1.24 billion with a CAGR of 4.5% during the forecast period 2021 to 2026.
This bag filter market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the bag filter market segmentation by end-user (chemical and petrochemical, food processing, mineral, cement, and others), product type (pulse jet, reverse air, and shaker), and geography (North America, Europe, APAC, South America, and the Middle East and Africa). The bag filter market report also offers information on several market vendors, including Ahlstrom Munksjo Oyj, Babcock and Wilcox Enterprises Inc., BWF Offermann Waldenfels and Co. KG, Camfil AB, Danaher Corp., Donaldson Co. Inc., Eaton Corp. Plc, European Filter Corp Belgium NV, Filter Concept Pvt. Ltd., Filtration Group Corp., Fleetlife Inc., FLSmidth AS, General Electric Co, Mitsubishi Heavy Industries Ltd., Parker Hannifin Corp., Rosedale Products Inc., Unifrax I LLC, W. L. Gore and Associates Inc., and Lenntech BV among others.
What will the Bag Filter Market Size be During the Forecast Period?
Download Report Sample to Unlock the Bag Filter Market Size for the Forecast Period and Other Important Statistics
Bag Filter Market: Key Drivers, Trends, and Challenges
The research studied the historical data considered for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges market.
Key Bag Filter Market Driver
The rise in the number of stringent emission control regulations is one of the key factors driving the bag filter market's growth. Industrial emissions that include natural gases, such as CO2 and particulate matter, are identified as insidious pollutants. They cause severe respiratory illnesses and corrosive damage to buildings and the environment. Consequently, stringent regulations have been enforced by government agencies across the world to reduce pollution and protect the environment and public health. For instance, governments of several countries across the world are addressing this issue as part of the Paris Agreement on Climate Change. Such regulations will drive market growth in the forecast period.
Key Bag Filter Market Trend
The development of high-efficiency filters is one of the key bag filter market trends fueling the market growth. For instance, ultra-flow bag filters employ advanced self-cleaning technology and use powerful reverse blasts of compressed air that inflate the filter bags, resulting in the fall of the dust cake outside the bag. The cake then falls into the hopper. Moreover, they have easy-access doors, making maintenance easier and simpler when compared with other dust collectors. Therefore, the development of such advanced and efficient filters boosts the performance of bag filters. This is likely to propel the growth of the market during the forecast period.
Key Bag Filter Market Challenge
Slow implementation of pollution control reforms is one of the factors hindering the bag filter market growth. Factors such as the presence of a strong economy, the implementation of the Clean Air Act, advancements in clean air technology, and the presence of several industrial clean air technology companies make the US one of the leading countries in the global bag filter market. However, increased product procurement costs restrict the adoption of environmental protection initiatives by industries. Furthermore, there is a lack of skilled personnel and proper training for undertaking pollution monitoring and control measures. Hence, these factors are expected to limit the growth of the market during the forecast period.
This bag filter market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Parent Market Analysis
Technavio categorizes the global bag filter market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the bag filter market during the forecast period.
Who are the Major Bag Filter Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Ahlstrom Munksjo Oyj
- Babcock and Wilcox Enterprises Inc.
- BWF Offermann Waldenfels and Co. KG
- Camfil AB
- Danaher Corp.
- Donaldson Co. Inc.
- Eaton Corp. Plc
- European Filter Corp Belgium NV
- Filter Concept Pvt. Ltd.
- Filtration Group Corp.
- Fleetlife Inc.
- FLSmidth AS
- General Electric Co
- Mitsubishi Heavy Industries Ltd.
- Parker Hannifin Corp.
- Rosedale Products Inc.
- Unifrax I LLC
- W. L. Gore and Associates Inc.
- Lenntech BV
This statistical study of the bag filter market encompasses successful business strategies deployed by the key vendors. The bag filter market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Product Insights and News
- Babcock and Wilcox Enterprises Inc. - The company offers bag filters such as pulse jet fabric filters.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The vendor profiles are designed to help clients improve their market position, and information on production and sustainability along with this report provides a detailed analysis of several leading Companies.
Bag Filter Market Value Chain Analysis
Our In-house experts produce extensive information on the value chain and parent market of the bag filter market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.
Which are the Key Regions for Bag Filter Market?
For more insights on the market share of various regions Request PDF Sample now!
44% of the market’s growth will originate from North America during the forecast period. The US is the key market for the bag filter market in North America. Market growth in this region will be slower than the growth of the market in the Middle East and Africa.
The presence of a strong economy will facilitate the bag filter market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID-19 Impact and Recovery Analysis
The outbreak of COVID-19 adversely impacted the regional market. However, with the lifting of the lockdown and the implementation of vaccination drives, the market is expected to grow during the forecast period.
What are the Revenue-generating End-user Segments in the Bag Filter Market?
To gain further insights on the market contribution of various segments Request a PDF Sample
The bag filter market share growth in the chemical and petrochemical segment will be significant during the forecast period. In the chemical and petrochemical industry, filter bags must often withstand continuous exposure to hazardous substances, as well as high temperature and humidity levels. Fine chemical filters go through mechanical stress from high dust loads and frequent cleaning cycles at high pressure, all while capturing as many chemical products as possible, day in and day out. These factors are expected to positively impact the growth of the chemical and petrochemical segment of the market during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the bag filter market size and actionable market insights on the post-COVID-19 impact on each segment.
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Bag Filter Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.5% |
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Market growth 2022-2026 |
$1.24 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
3.58 |
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Regional analysis |
North America, Europe, APAC, South America, and the Middle East and Africa |
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Performing market contribution |
North America at 44% |
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Key consumer countries |
US, China, India, UK, and Germany |
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Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
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Key companies profiled |
Ahlstrom Munksjo Oyj, Babcock and Wilcox Enterprises Inc., BWF Offermann Waldenfels and Co. KG, Camfil AB, Danaher Corp., Donaldson Co. Inc., Eaton Corp. Plc, European Filter Corp Belgium NV, Filter Concept Pvt. Ltd., Filtration Group Corp., Fleetlife Inc., FLSmidth AS, General Electric Co, Mitsubishi Heavy Industries Ltd., Parker Hannifin Corp., Rosedale Products Inc., Unifrax I LLC, W. L. Gore and Associates Inc., and Lenntech BV |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Bag Filter Market Report?
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive bag filter market growth during the next five years
- Precise estimation of the bag filter market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the bag filter industry across North America, Europe, APAC, South America, and the Middle East and Africa
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of bag filter market vendors
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Product Type
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 18: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 24: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by End-user
- 5.1 Market segments
- Exhibit 25: Chart on End-user - Market share 2021-2026 (%)
- Exhibit 26: Data Table on End-user - Market share 2021-2026 (%)
- 5.2 Comparison by End-user
- Exhibit 27: Chart on Comparison by End-user
- Exhibit 28: Data Table on Comparison by End-user
- 5.3 Chemical and petrochemical - Market size and forecast 2021-2026
- Exhibit 29: Chart on Chemical and petrochemical - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Data Table on Chemical and petrochemical - Market size and forecast 2021-2026 ($ million)
- Exhibit 31: Chart on Chemical and petrochemical - Year-over-year growth 2021-2026 (%)
- Exhibit 32: Data Table on Chemical and petrochemical - Year-over-year growth 2021-2026 (%)
- 5.4 Food processing - Market size and forecast 2021-2026
- Exhibit 33: Chart on Food processing - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Data Table on Food processing - Market size and forecast 2021-2026 ($ million)
- Exhibit 35: Chart on Food processing - Year-over-year growth 2021-2026 (%)
- Exhibit 36: Data Table on Food processing - Year-over-year growth 2021-2026 (%)
- 5.5 Mineral - Market size and forecast 2021-2026
- Exhibit 37: Chart on Mineral - Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Data Table on Mineral - Market size and forecast 2021-2026 ($ million)
- Exhibit 39: Chart on Mineral - Year-over-year growth 2021-2026 (%)
- Exhibit 40: Data Table on Mineral - Year-over-year growth 2021-2026 (%)
- 5.6 Cement - Market size and forecast 2021-2026
- Exhibit 41: Chart on Cement - Market size and forecast 2021-2026 ($ million)
- Exhibit 42: Data Table on Cement - Market size and forecast 2021-2026 ($ million)
- Exhibit 43: Chart on Cement - Year-over-year growth 2021-2026 (%)
- Exhibit 44: Data Table on Cement - Year-over-year growth 2021-2026 (%)
- 5.7 Others - Market size and forecast 2021-2026
- Exhibit 45: Chart on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 46: Data Table on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Chart on Others - Year-over-year growth 2021-2026 (%)
- Exhibit 48: Data Table on Others - Year-over-year growth 2021-2026 (%)
- 5.8 Market opportunity by End-user
- Exhibit 49: Market opportunity by End-user ($ million)
6 Market Segmentation by Product Type
- 6.1 Market segments
- Exhibit 50: Chart on Product Type - Market share 2021-2026 (%)
- Exhibit 51: Data Table on Product Type - Market share 2021-2026 (%)
- 6.2 Comparison by Product Type
- Exhibit 52: Chart on Comparison by Product Type
- Exhibit 53: Data Table on Comparison by Product Type
- 6.3 Pulse jet - Market size and forecast 2021-2026
- Exhibit 54: Chart on Pulse jet - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on Pulse jet - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on Pulse jet - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on Pulse jet - Year-over-year growth 2021-2026 (%)
- 6.4 Reverse air - Market size and forecast 2021-2026
- Exhibit 58: Chart on Reverse air - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Reverse air - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Reverse air - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Reverse air - Year-over-year growth 2021-2026 (%)
- 6.5 Shaker - Market size and forecast 2021-2026
- Exhibit 62: Chart on Shaker - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on Shaker - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on Shaker - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on Shaker - Year-over-year growth 2021-2026 (%)
- 6.6 Market opportunity by Product Type
- Exhibit 66: Market opportunity by Product Type ($ million)
7 Customer Landscape
- 7.1 Customer landscape overview
- Exhibit 67: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
8 Geographic Landscape
- 8.1 Geographic segmentation
- Exhibit 68: Chart on Market share by geography 2021-2026 (%)
- Exhibit 69: Data Table on Market share by geography 2021-2026 (%)
- 8.2 Geographic comparison
- Exhibit 70: Chart on Geographic comparison
- Exhibit 71: Data Table on Geographic comparison
- 8.3 North America - Market size and forecast 2021-2026
- Exhibit 72: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 73: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 74: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 75: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 8.4 Europe - Market size and forecast 2021-2026
- Exhibit 76: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 77: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 78: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 79: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 8.5 APAC - Market size and forecast 2021-2026
- Exhibit 80: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 81: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 82: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 83: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 8.6 South America - Market size and forecast 2021-2026
- Exhibit 84: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 85: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 86: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 87: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 8.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 88: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 89: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 90: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 91: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 8.8 US - Market size and forecast 2021-2026
- Exhibit 92: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 93: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 94: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 95: Data Table on US - Year-over-year growth 2021-2026 (%)
- 8.9 China - Market size and forecast 2021-2026
- Exhibit 96: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 97: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 98: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 99: Data Table on China - Year-over-year growth 2021-2026 (%)
- 8.10 India - Market size and forecast 2021-2026
- Exhibit 100: Chart on India - Market size and forecast 2021-2026 ($ million)
- Exhibit 101: Data Table on India - Market size and forecast 2021-2026 ($ million)
- Exhibit 102: Chart on India - Year-over-year growth 2021-2026 (%)
- Exhibit 103: Data Table on India - Year-over-year growth 2021-2026 (%)
- 8.11 UK - Market size and forecast 2021-2026
- Exhibit 104: Chart on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 105: Data Table on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 106: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 107: Data Table on UK - Year-over-year growth 2021-2026 (%)
- 8.12 Germany - Market size and forecast 2021-2026
- Exhibit 108: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 109: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 110: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 111: Data Table on Germany - Year-over-year growth 2021-2026 (%)
- 8.13 Market opportunity by geography
- Exhibit 112: Market opportunity by geography ($ million)
9 Drivers, Challenges, and Trends
- 9.1 Market drivers
- 9.2 Market challenges
- 9.3 Impact of drivers and challenges
- Exhibit 113: Impact of drivers and challenges in 2021 and 2026
- 9.4 Market trends
10 Vendor Landscape
- 10.1 Overview
- 10.2 Vendor landscape
- Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
- 10.3 Landscape disruption
- Exhibit 115: Overview on factors of disruption
- 10.4 Industry risks
- Exhibit 116: Impact of key risks on business
11 Vendor Analysis
- 11.1 Vendors covered
- Exhibit 117: Vendors covered
- 11.2 Market positioning of vendors
- Exhibit 118: Matrix on vendor position and classification
- 11.3 Babcock and Wilcox Enterprises Inc.
- Exhibit 119: Babcock and Wilcox Enterprises Inc. - Overview
- Exhibit 120: Babcock and Wilcox Enterprises Inc. - Business segments
- Exhibit 121: Babcock and Wilcox Enterprises Inc. - Key news
- Exhibit 122: Babcock and Wilcox Enterprises Inc. - Key offerings
- Exhibit 123: Babcock and Wilcox Enterprises Inc. - Segment focus
- 11.4 BWF Offermann Waldenfels and Co. KG
- Exhibit 124: BWF Offermann Waldenfels and Co. KG - Overview
- Exhibit 125: BWF Offermann Waldenfels and Co. KG - Product / Service
- Exhibit 126: BWF Offermann Waldenfels and Co. KG - Key news
- Exhibit 127: BWF Offermann Waldenfels and Co. KG - Key offerings
- 11.5 Camfil AB
- Exhibit 128: Camfil AB - Overview
- Exhibit 129: Camfil AB - Product / Service
- Exhibit 130: Camfil AB - Key offerings
- 11.6 Danaher Corp.
- Exhibit 131: Danaher Corp. - Overview
- Exhibit 132: Danaher Corp. - Business segments
- Exhibit 133: Danaher Corp. - Key news
- Exhibit 134: Danaher Corp. - Key offerings
- Exhibit 135: Danaher Corp. - Segment focus
- 11.7 Eaton Corp. Plc
- Exhibit 136: Eaton Corp. Plc - Overview
- Exhibit 137: Eaton Corp. Plc - Business segments
- Exhibit 138: Eaton Corp. Plc - Key news
- Exhibit 139: Eaton Corp. Plc - Key offerings
- Exhibit 140: Eaton Corp. Plc - Segment focus
- 11.8 FLSmidth AS
- Exhibit 141: FLSmidth AS - Overview
- Exhibit 142: FLSmidth AS - Business segments
- Exhibit 143: FLSmidth AS - Key news
- Exhibit 144: FLSmidth AS - Key offerings
- Exhibit 145: FLSmidth AS - Segment focus
- 11.9 Lenntech BV
- Exhibit 146: Lenntech BV - Overview
- Exhibit 147: Lenntech BV - Product / Service
- Exhibit 148: Lenntech BV - Key offerings
- 11.10 Mitsubishi Heavy Industries Ltd.
- Exhibit 149: Mitsubishi Heavy Industries Ltd. - Overview
- Exhibit 150: Mitsubishi Heavy Industries Ltd. - Business segments
- Exhibit 151: Mitsubishi Heavy Industries Ltd. - Key news
- Exhibit 152: Mitsubishi Heavy Industries Ltd. - Key offerings
- Exhibit 153: Mitsubishi Heavy Industries Ltd. - Segment focus
- 11.11 Parker Hannifin Corp.
- Exhibit 154: Parker Hannifin Corp. - Overview
- Exhibit 155: Parker Hannifin Corp. - Business segments
- Exhibit 156: Parker Hannifin Corp. - Key news
- Exhibit 157: Parker Hannifin Corp. - Key offerings
- Exhibit 158: Parker Hannifin Corp. - Segment focus
- 11.12 W. L. Gore and Associates Inc.
- Exhibit 159: W. L. Gore and Associates Inc. - Overview
- Exhibit 160: W. L. Gore and Associates Inc. - Product / Service
- Exhibit 161: W. L. Gore and Associates Inc. - Key news
- Exhibit 162: W. L. Gore and Associates Inc. - Key offerings
12 Appendix
- 12.1 Scope of the report
- 12.2 Inclusions and exclusions checklist
- Exhibit 163: Inclusions checklist
- Exhibit 164: Exclusions checklist
- 12.3 Currency conversion rates for US$
- Exhibit 165: Currency conversion rates for US$
- 12.4 Research methodology
- Exhibit 166: Research methodology
- Exhibit 167: Validation techniques employed for market sizing
- Exhibit 168: Information sources
- 12.5 List of abbreviations
- Exhibit 169: List of abbreviations
- in manufacturing industry: Market dynamics in some major processes and discrete industries are changing drastically, and manufacturers are gradually feeling the brunt of excessive demand fluctuations. The fluctuating prices of oil and gas and metals in the global market and the shortage of a skilled workforce worldwide have directly affected the profitability of manufacturing companies. A sudden and unexpected shift in market dynamics can drastically impact manufacturing processes and investments in capital goods.
- slowdown in the automotive industry: High motorization rates in North America and Europe, the increase in tariffs on imported vehicles in the US and China, and the global economic slowdown are likely to reduce vehicle sales in the coming years. Anticipating a decline in vehicle sales, several vehicle manufacturers are halting their vehicle production. For instance, in March 2019, Ford announced the shutdown of its three vehicle-manufacturing sites in Russia. Similarly, in August 2019, Mahindra and Mahindra Ltd. stopped vehicle production at its manufacturing units in India for 8-14 days. During the same month, Maruti Suzuki announced that it had cut its vehicle production for the sixth consecutive month in 2019. In August 2019, Honda announced a halt in car production at its Argentina-based manufacturing plants. Such a slowdown in the automotive industry is expected to hamper the growth of the market during the forecast period.
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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bag filter market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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