Baghouse Filters Market by Type and Geography - Forecast and Analysis 2022-2026
- Published: Oct 2022
- Pages: 139
- SKU: IRTNTR43025
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The baghouse filters market share is expected to increase by USD 317.08 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.94%.
This baghouse filters 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 baghouse filters market segmentation by type (shaker baghouse filters, reverse air baghouse filters, and pulse jet baghouse filters) and geography (APAC, North America, Europe, the Middle East and Africa, and South America). The baghouse filters market report also offers information on several market vendors, including AGET Manufacturing Co., Aircon Corp., Airex Industries Inc., Amerair Industries LLC, Baghouse America Inc., Camfil AB, CECO Environmental Corp., CPE Filters Inc., Daikin Industries Ltd, Donaldson Co. Inc., Dynavac India Pvt. Ltd., Fine Filteration Technology Pvt. Ltd., FLSmidth AS, Griffin Filters LLC, Imperial Systems Inc., Micronics Filtration LLC, Parker Hannifin Corp., Redlands Manufacturing Company LLC, Scheuch GmbH, and Shandong Haihui Environmental Protection Equipment Co. Ltd. among others.
What will the Baghouse Filters Market Size be During the Forecast Period?
Download the Report Sample to Unlock the Baghouse Filters Market Size for the Forecast Period and Other Important Statistics
Baghouse Filters Market: Key Drivers, Trends, and Challenges
Based on our research output, there has been a neutral impact on the market growth during and post-COVID-19 era. The increase in electricity demand is notably driving the baghouse filters market growth, although factors such as complexities in the design and operation of baghouse dust filters may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the baghouse filters industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Baghouse Filters Market Driver
An increase in power and electricity demand is one of the key factors driving the global baghouse filters market growth. The electricity sector has been attracting high investments owing to the increase in the demand for electricity for heating applications, the growth in the number of connected devices, and digitization in modern economies. As a result, the use of coal is rising to meet the high demand for electricity and power. Coal is the primary energy source for electricity and power generation in countries such as the US, China, and India. According to the International Energy Agency (IEA), China's coal-fired power generation grew by 4% in 2021 compared with 2020 because of the rise in electricity demand. Similarly, coal-fired electricity generation in India increased by 13% in 2021 from that in 2020. However, coal combustion in power-generation facilities results in emissions. These emissions include solid waste such as bottom ash, fly ash, and flue gas emissions. Flue gas emissions contain NOx, SO2, and PMs. Electricity generation accounts for about 66% of SO2 and 25% of NO2 released into the atmosphere. Such factors will drive the growth of the global baghouse filters market during the forecast period.
Key Baghouse Filters Market Trend
The development of high-efficiency filters will fuel the global baghouse filter market growth. The selection of appropriate filters and system parameters is critical for the efficient operation of a baghouse system. Extended filtration cycles and the frequency of cleaning the filter elements have a significant impact on the lifespan of a baghouse filter. Freudenberg Filtration Technologies offers filter products that have a long service life and save additional space and money based on the application. For instance, Plus is a corrugated polyester filter media with a nanofiber layer that optimally removes dust from fine smoke, which is produced during welding, cutting, and coating processes, and also filters difficult-to-handle dust. The filter cartridges of this system have a performance advantage over conventional polyester media or expanded polytetrafluoroethylene (ePTFE) membrane media, which improves the energy balance of the system. Therefore, the development of such advanced and efficient filters boosts the performance of baghouse filters. This is likely to propel the growth of the global baghouse filters market during the forecast period.
Key Baghouse Filters Market Challenge
The complexities in the design and operation of baghouse dust filters are the major challenges to the global baghouse filters market growth. The use of undersized baghouse filters will lead to more air going through the filters, thus creating a vacuum inside the filter; the vacuum created can clog the filter and lead to its failure. Inlet design is crucial to ensure an even distribution of the airflow. A badly designed inlet may cause build-up in one part of the baghouse. The build-up would add large amounts of dust to cling to the filter bags, creating the need to change the dust filter bags frequently. The operational challenge for this is during the filtration process, where the temperature of the operation is critical. If this temperature reaches the threshold or upper limit, then the filter bags may begin to degrade owing to the extreme heat. Apart from this, baghouse filters sometimes face moisture-related challenges. Though baghouse filters are widely used in many manufacturing and process industries, the complexities involved in the design and operation of baghouse filters pose a serious challenge to the market in focus.
This baghouse filters 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 baghouse filters 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 baghouse filters market during the forecast period.
Who are the Major Baghouse Filters Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- AGET Manufacturing Co.
- Aircon Corp.
- Airex Industries Inc.
- Amerair Industries LLC
- Baghouse America Inc.
- Camfil AB
- CECO Environmental Corp.
- CPE Filters Inc.
- Daikin Industries Ltd
- Donaldson Co. Inc.
- Dynavac India Pvt. Ltd.
- Fine Filteration Technology Pvt. Ltd.
- FLSmidth AS
- Griffin Filters LLC
- Imperial Systems Inc.
- Micronics Filtration LLC
- Parker Hannifin Corp.
- Redlands Manufacturing Company LLC
- Scheuch GmbH
- Shandong Haihui Environmental Protection Equipment Co. Ltd.
This statistical study of the baghouse filters market encompasses successful business strategies deployed by the key vendors. The baghouse filters market is fragmented, and the vendors are deploying growth strategies such as focusing on M&A activities to compete in the market.
Product Insights and News
- parker.com - The company offers baghouse filters, namely BHA Wicked High Temp Pleated 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 baghouse filters market research report contains comprehensive market knowledge and an in-depth vendor landscape added to an analysis of the key vendors.
Baghouse Filters Market Value Chain Analysis
Our In-house experts produce extensive information on the value chain and parent market of the baghouse filters 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 Baghouse Filters Market?
For more insights on the market share of various regions Request PDF Sample now!
55% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for the baghouse filters market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
An increase in power and electricity demand will facilitate the baghouse filters market growth in APAC 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
In 2020, stringent lockdowns and social distancing norms imposed to contain the spread of COVID-19 severely disrupted several end-user industries, such as the construction, food and beverage, and power generation industries in the region. India, China, Indonesia, and Bangladesh are some of the countries in APAC most affected by the pandemic. However, in 2021, after the COVID-19 vaccination program government lifted the lockdown and travel restrictions from this region, due to which the food and beverage and power generation industries resumed their operations. Such factors are anticipated to help the market recover from the COVID-19 crisis and increase the demand for baghouse filters during the forecast period.
What are the Revenue-generating Type Segments in the Baghouse Filters Market?
To gain further insights on the market contribution of various segments Request a PDF Sample
The baghouse filters market share growth in the shaker baghouse filters segment will be significant during the forecast period. Shaker baghouses vary in size, from small hand shaker devices to large compartmentalized units that can operate continuously. These units can also be used in industrial plants where the processes operate on a batch basis; once the batch is filled, the baghouse is ready for cleaning. In this type of baghouse filter, the air-to-cloth ratio is low, and hence, it requires more space. However, the simplicity of design increases the adoption of shaker baghouse filters in the mineral processing industry.
This report provides an accurate prediction of the contribution of all the segments to the growth of the baghouse filters market size and actionable market insights on the post-COVID-19 impact on each segment.
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Baghouse Filters 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 5.94% |
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Market growth 2022-2026 |
$317.08 million |
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Market structure |
Fragmented |
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YoY growth (%) |
5.0 |
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Regional analysis |
APAC, North America, Europe, the Middle East and Africa, and South America |
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Performing market contribution |
APAC at 55% |
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Key consumer countries |
US, China, India, Germany, and Russia |
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Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
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Key companies profiled |
AGET Manufacturing Co., Aircon Corp., Airex Industries Inc., Amerair Industries LLC, Baghouse America Inc., Camfil AB, CECO Environmental Corp., CPE Filters Inc., Daikin Industries Ltd, Donaldson Co. Inc., Dynavac India Pvt. Ltd., Fine Filteration Technology Pvt. Ltd., FLSmidth AS, Griffin Filters LLC, Imperial Systems Inc., Micronics Filtration LLC, Parker Hannifin Corp., Redlands Manufacturing Company LLC, Scheuch GmbH, and Shandong Haihui Environmental Protection Equipment Co. Ltd. |
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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 Baghouse Filters Market Report?
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive baghouse filters market growth during the next five years
- Precise estimation of the baghouse filters market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the baghouse filters industry across APAC, North America, Europe, the Middle East and Africa, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of baghouse filters market vendors
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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 Type
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Type
- 5.1 Market segments
- Exhibit 24: Chart on Type - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Type - Market share 2021-2026 (%)
- 5.2 Comparison by Type
- Exhibit 26: Chart on Comparison by Type
- Exhibit 27: Data Table on Comparison by Type
- 5.3 Shaker baghouse filters - Market size and forecast 2021-2026
- Exhibit 28: Chart on Shaker baghouse filters - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Shaker baghouse filters - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Shaker baghouse filters - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Shaker baghouse filters - Year-over-year growth 2021-2026 (%)
- 5.4 Reverse air baghouse filters - Market size and forecast 2021-2026
- Exhibit 32: Chart on Reverse air baghouse filters - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Reverse air baghouse filters - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Reverse air baghouse filters - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Reverse air baghouse filters - Year-over-year growth 2021-2026 (%)
- 5.5 Pulse jet baghouse filters - Market size and forecast 2021-2026
- Exhibit 36: Chart on Pulse jet baghouse filters - Market size and forecast 2021-2026 ($ million)
- Exhibit 37: Data Table on Pulse jet baghouse filters - Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Chart on Pulse jet baghouse filters - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Pulse jet baghouse filters - Year-over-year growth 2021-2026 (%)
- 5.6 Market opportunity by Type
- Exhibit 40: Market opportunity by Type ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 42: Chart on Market share by geography 2021-2026 (%)
- Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 44: Chart on Geographic comparison
- Exhibit 45: Data Table on Geographic comparison
- 7.3 APAC - Market size and forecast 2021-2026
- Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.4 North America - Market size and forecast 2021-2026
- Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.5 Europe - Market size and forecast 2021-2026
- Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.6 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.7 South America - Market size and forecast 2021-2026
- Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.8 China - Market size and forecast 2021-2026
- Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.9 US - Market size and forecast 2021-2026
- Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.10 India - Market size and forecast 2021-2026
- Exhibit 74: Chart on India - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on India - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on India - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on India - Year-over-year growth 2021-2026 (%)
- 7.11 Russia - Market size and forecast 2021-2026
- Exhibit 78: Chart on Russia - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on Russia - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on Russia - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on Russia - Year-over-year growth 2021-2026 (%)
- 7.12 Japan - Market size and forecast 2021-2026
- Exhibit 82: Chart on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on Japan - Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 86: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- 8.3 Impact of drivers and challenges
- Exhibit 87: Impact of drivers and challenges in 2021 and 2026
- 8.4 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 89: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 90: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 91: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 92: Matrix on vendor position and classification
- 10.3 AGET Manufacturing Co.
- Exhibit 93: AGET Manufacturing Co. - Overview
- Exhibit 94: AGET Manufacturing Co. - Product / Service
- Exhibit 95: AGET Manufacturing Co. - Key offerings
- 10.4 Aircon Corp.
- Exhibit 96: Aircon Corp. - Overview
- Exhibit 97: Aircon Corp. - Product / Service
- Exhibit 98: Aircon Corp. - Key offerings
- 10.5 Airex Industries Inc.
- Exhibit 99: Airex Industries Inc. - Overview
- Exhibit 100: Airex Industries Inc. - Product / Service
- Exhibit 101: Airex Industries Inc. - Key offerings
- 10.6 Amerair Industries LLC
- Exhibit 102: Amerair Industries LLC - Overview
- Exhibit 103: Amerair Industries LLC - Product / Service
- Exhibit 104: Amerair Industries LLC - Key offerings
- 10.7 CECO Environmental Corp.
- Exhibit 105: CECO Environmental Corp. - Overview
- Exhibit 106: CECO Environmental Corp. - Business segments
- Exhibit 107: CECO Environmental Corp. - Key news
- Exhibit 108: CECO Environmental Corp. - Key offerings
- Exhibit 109: CECO Environmental Corp. - Segment focus
- 10.8 Daikin Industries Ltd
- Exhibit 110: Daikin Industries Ltd - Overview
- Exhibit 111: Daikin Industries Ltd - Business segments
- Exhibit 112: Daikin Industries Ltd - Key news
- Exhibit 113: Daikin Industries Ltd - Key offerings
- Exhibit 114: Daikin Industries Ltd - Segment focus
- 10.9 Donaldson Co. Inc.
- Exhibit 115: Donaldson Co. Inc. - Overview
- Exhibit 116: Donaldson Co. Inc. - Business segments
- Exhibit 117: Donaldson Co. Inc. - Key news
- Exhibit 118: Donaldson Co. Inc. - Key offerings
- Exhibit 119: Donaldson Co. Inc. - Segment focus
- 10.10 Parker Hannifin Corp.
- Exhibit 120: Parker Hannifin Corp. - Overview
- Exhibit 121: Parker Hannifin Corp. - Business segments
- Exhibit 122: Parker Hannifin Corp. - Key news
- Exhibit 123: Parker Hannifin Corp. - Key offerings
- Exhibit 124: Parker Hannifin Corp. - Segment focus
- 10.11 Redlands Manufacturing Company LLC
- Exhibit 125: Redlands Manufacturing Company LLC - Overview
- Exhibit 126: Redlands Manufacturing Company LLC - Product / Service
- Exhibit 127: Redlands Manufacturing Company LLC - Key offerings
- 10.12 Scheuch GmbH
- Exhibit 128: Scheuch GmbH - Overview
- Exhibit 129: Scheuch GmbH - Product / Service
- Exhibit 130: Scheuch GmbH - Key offerings
11 Appendix
- 11.1 Scope of the report
- 11.2 Inclusions and exclusions checklist
- Exhibit 131: Inclusions checklist
- Exhibit 132: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 133: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 134: Research methodology
- Exhibit 135: Validation techniques employed for market sizing
- Exhibit 136: Information sources
- 11.5 List of abbreviations
- Exhibit 137: 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
Frequently Asked Questions?
- US
- China
- India
- Japan
- Russia
- Increase in power and electricity demand
- Development of high-efficiency filters
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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