Refrigerant Compressors Market by Application and Geography - Forecast and Analysis 2022-2026

Published: Sep 2022 Pages: 154 SKU: IRTNTR44766

The refrigerant compressors market is projected to grow by USD 4.89 billion with a CAGR of 5.58% during the forecast period 2021 to 2026.

This refrigerant compressors 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 refrigerant compressors market segmentation by application (hermetic, semi-hermetic reciprocating, domestic, semi-hermetic screw, and others) and geography (APAC, North America, Europe, South America, and the Middle East and Africa). The refrigerant compressors market report also offers information on several market vendors, including BITZER Group, Carrier Global Corp., Daikin Industries Ltd, Danfoss AS, Emerson Electric Co., Frascold Spa, Fusheng Group Co Ltd, GEA Group Aktiengesellschaft, Hanbell Precise Machinery Co. Ltd., Johnson Controls International Plc, LG Electronics Inc., MAYEKAWA MFG. CO. LTD., Mitsubishi Electric Corp., Nidec Corp., OFFICINE MARIO DORIN Spa, Panasonic Holdings Corp., Ramco Industries Ltd., Tecumseh Products Co. LLC, TORAD Engineering LLC, and Gree Electric Appliances Inc. of Zhuhai among others.

What will the Refrigerant Compressors Market Size be During the Forecast Period?

Download Report Sample to Unlock the Refrigerant Compressors Market Size for the Forecast Period and Other Important Statistics

 

Refrigerant Compressors 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 growth of the commercial refrigeration market is notably driving the refrigerant compressors market growth, although factors such as changes in regulatory policies 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 refrigerant compressors industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Refrigerant Compressors Market Driver

The growth of the commercial refrigeration market is one of the factors driving the refrigerant compressors market's growth. The global commercial refrigeration market offers a range of products where walk-in coolers are predicted to drive the market throughout the forecast period. The boom in the market is due to the changing lifestyle of the people in developing countries and the replacement demand from developed regions such as North America. The emergence and acceptance of e-commerce in countries such as China and Australia also influence the market for industrial refrigeration equipment, for which the market is anticipated to grow during the forecast period, with the walk-in cooler segment projected to capture a major market share.

Key Refrigerant Compressors Market Trend

Increasing pressure requirements for compressors is one of the key refrigerant compressors market trends fueling the market growth. It is anticipated that larger, high-pressure (more than 90 bar) refrigeration compressors will only be available toward the end of the forecast period as high-pressure components will require an entirely new platform for development. The development of these components will require a substantial investment on the part of component and equipment manufacturers. Currently, such investments are not financially attractive due to the limited applications of high-pressure systems. However, the trend is moving toward high-pressure systems, and this is likely to change the financial dynamics of such investments during the forecast period.

Key Refrigerant Compressors Market Challenge

Changes in regulatory policies are one of the key factors challenging the refrigerant compressors market growth. Primarily, the regulations imposed by the US Department of Energy will heavily impact two sections of the market, namely freezers or walk-in coolers and refrigerated display cases. The major challenge for manufacturers in meeting these standards lies in redesigning these models to reduce energy consumption, eliminate some features, or even discontinue certain models. Furthermore, HVAC manufacturers must redesign their products to be compatible with the new class of refrigerants. Thus, variations in the US EPA's and the DOE's regulatory requirements based on product models are challenges for vendors during the forecast period, which will hamper the growth of the market in the forecast period.

This refrigerant compressors 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 refrigeration compressor 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 refrigerant compressors market during the forecast period.

Who are the Major Refrigerant Compressors Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • BITZER Group
  • Carrier Global Corp.
  • Daikin Industries Ltd
  • Danfoss AS
  • Emerson Electric Co.
  • Frascold Spa
  • Fusheng Group Co Ltd
  • GEA Group Aktiengesellschaft
  • Hanbell Precise Machinery Co. Ltd.
  • Johnson Controls International Plc
  • LG Electronics Inc.
  • MAYEKAWA MFG. CO. LTD.
  • Mitsubishi Electric Corp.
  • Nidec Corp.
  • OFFICINE MARIO DORIN Spa
  • Panasonic Holdings Corp.
  • Ramco Industries Ltd.
  • Tecumseh Products Co. LLC
  • TORAD Engineering LLC
  • Gree Electric Appliances Inc. of Zhuhai

 

This statistical study of the refrigerant compressors market encompasses successful business strategies deployed by the key vendors. The refrigerant compressors market is fragmented, and the vendors are deploying growth strategies such as quality, durability, and reliability to compete in the market.

Product Insights and News

  • Danfoss AS - The company offers refrigeration compressors that include Hydrocarbon compressors, Centrifugal compressors with horizontally split casing, Integrally geared centrifugal compressors, and Rotary screw oil-injected compressors. 

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 report refrigerant compressors market contains comprehensive market knowledge and an in-depth vendor landscape added on to an analysis of the key vendors.

Refrigerant Compressors Market Value Chain Analysis

Our in-house experts produce extensive information on the value chain and parent market of the refrigerant compressors 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 profits and also the 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 Refrigerant Compressors Market?

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70% of the market’s growth will originate from APAC during the forecast period. China, India, and Japan are the key markets for the refrigerant compressors market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

High investment in commercial applications by refrigeration equipment vendors owing to the presence of high-growth economies like India and China will facilitate the refrigerant compressors 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

The regional market witnessed certain challenges due to the COVID-19 pandemic. However, as the automotive supply chains regained their strength in 2021, the recovery of these industrial sectors in APAC also picked up the pace. Hence, capital spending is expected to grow, which will drive the demand for refrigeration compressors and positively impact the regional market in focus during the forecast period.

What are the Revenue-generating Application Segments in the Refrigerant Compressors Market?

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The refrigerant compressors market share growth by the hermetic segment will be significant during the forecast period. A hermetic compressor is totally sealed away from the environment, with the casing welded shut, which cannot be accessed via any means. When talking about compressors, it basically refers to the manner in which the compressor is kept separated from the operating environment. End-users do not need to worry about spillage or infiltration of debris, which cuts down on flooding and slugging. Such advantages will boost segment growth in the near future.

This report provides an accurate prediction of the contribution of all the segments to the growth of the refrigerant compressors market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Refrigerant Compressors Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 5.58%

Market growth 2022-2026

$4.89 billion

Market structure

Fragmented

YoY growth (%)

5.35

Regional analysis

APAC, North America, Europe, South America, and the Middle East and Africa

Performing market contribution

APAC at 70%

Key consumer countries

US, China, India, Japan, and Germany

Competitive landscape

Leading companies, Competitive Strategies, Consumer engagement scope

Key companies profiled

BITZER Group, Carrier Global Corp., Daikin Industries Ltd, Danfoss AS, Emerson Electric Co., Frascold Spa, Fusheng Group Co Ltd, GEA Group Aktiengesellschaft, Hanbell Precise Machinery Co. Ltd., Johnson Controls International Plc, LG Electronics Inc., MAYEKAWA MFG. CO. LTD., Mitsubishi Electric Corp., Nidec Corp., OFFICINE MARIO DORIN Spa, Panasonic Holdings Corp., Ramco Industries Ltd., Tecumseh Products Co. LLC, TORAD Engineering LLC, and Gree Electric Appliances Inc. of Zhuhai.

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.

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.

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What are the Key Data Covered in this Refrigerant Compressors Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive refrigerant compressors market growth during the next five years
  • Precise estimation of the refrigerant compressors market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the refrigerant compressors industry across APAC, North America, Europe, 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 refrigerant compressors 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 Application
    • 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 Application

    • 5.1 Market segments
      • Exhibit 24: Chart on Application - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
    • 5.2 Comparison by Application
      • Exhibit 26: Chart on Comparison by Application
      • Exhibit 27: Data Table on Comparison by Application
    • 5.3 Hermetic - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Hermetic - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Hermetic - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Hermetic - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Hermetic - Year-over-year growth 2021-2026 (%)
    • 5.4 Semi-hermetic reciprocating - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Semi-hermetic reciprocating - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Semi-hermetic reciprocating - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Semi-hermetic reciprocating - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Semi-hermetic reciprocating - Year-over-year growth 2021-2026 (%)
    • 5.5 Domestic - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Domestic - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Domestic - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Domestic - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Domestic - Year-over-year growth 2021-2026 (%)
    • 5.6 Semi-hermetic screw - Market size and forecast 2021-2026
      • Exhibit 40: Chart on Semi-hermetic screw - Market size and forecast 2021-2026 ($ million)
      • Exhibit 41: Data Table on Semi-hermetic screw - Market size and forecast 2021-2026 ($ million)
      • Exhibit 42: Chart on Semi-hermetic screw - Year-over-year growth 2021-2026 (%)
      • Exhibit 43: Data Table on Semi-hermetic screw - Year-over-year growth 2021-2026 (%)
    • 5.7 Others - Market size and forecast 2021-2026
      • Exhibit 44: Chart on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 45: Data Table on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 46: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 47: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.8 Market opportunity by Application
      • Exhibit 48: Market opportunity by Application ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 50: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 51: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 52: Chart on Geographic comparison
      • Exhibit 53: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 North America - Market size and forecast 2021-2026
      • Exhibit 58: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.5 Europe - Market size and forecast 2021-2026
      • Exhibit 62: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 China - Market size and forecast 2021-2026
      • Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.9 US - Market size and forecast 2021-2026
      • Exhibit 78: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.10 India - Market size and forecast 2021-2026
      • Exhibit 82: Chart on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 7.11 Japan - Market size and forecast 2021-2026
      • Exhibit 86: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 87: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 88: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 89: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.12 Germany - Market size and forecast 2021-2026
      • Exhibit 90: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 91: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 92: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 93: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 94: 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 95: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 96: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 97: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 98: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 99: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 100: Matrix on vendor position and classification
            • 10.3 Daikin Industries Ltd
              • Exhibit 101: Daikin Industries Ltd - Overview
              • Exhibit 102: Daikin Industries Ltd - Business segments
              • Exhibit 103: Daikin Industries Ltd - Key news
              • Exhibit 104: Daikin Industries Ltd - Key offerings
              • Exhibit 105: Daikin Industries Ltd - Segment focus
            • 10.4 Danfoss AS
              • Exhibit 106: Danfoss AS - Overview
              • Exhibit 107: Danfoss AS - Business segments
              • Exhibit 108: Danfoss AS - Key news
              • Exhibit 109: Danfoss AS - Key offerings
              • Exhibit 110: Danfoss AS - Segment focus
            • 10.5 Emerson Electric Co.
              • Exhibit 111: Emerson Electric Co. - Overview
              • Exhibit 112: Emerson Electric Co. - Business segments
              • Exhibit 113: Emerson Electric Co. - Key news
              • Exhibit 114: Emerson Electric Co. - Key offerings
              • Exhibit 115: Emerson Electric Co. - Segment focus
            • 10.6 GEA Group Aktiengesellschaft
              • Exhibit 116: GEA Group Aktiengesellschaft - Overview
              • Exhibit 117: GEA Group Aktiengesellschaft - Business segments
              • Exhibit 118: GEA Group Aktiengesellschaft - Key news
              • Exhibit 119: GEA Group Aktiengesellschaft - Key offerings
              • Exhibit 120: GEA Group Aktiengesellschaft - Segment focus
            • 10.7 Johnson Controls International Plc
              • Exhibit 121: Johnson Controls International Plc - Overview
              • Exhibit 122: Johnson Controls International Plc - Business segments
              • Exhibit 123: Johnson Controls International Plc - Key news
              • Exhibit 124: Johnson Controls International Plc - Key offerings
              • Exhibit 125: Johnson Controls International Plc - Segment focus
            • 10.8 LG Electronics Inc.
              • Exhibit 126: LG Electronics Inc. - Overview
              • Exhibit 127: LG Electronics Inc. - Business segments
              • Exhibit 128: LG Electronics Inc. - Key news
              • Exhibit 129: LG Electronics Inc. - Key offerings
              • Exhibit 130: LG Electronics Inc. - Segment focus
            • 10.9 Mitsubishi Electric Corp.
              • Exhibit 131: Mitsubishi Electric Corp. - Overview
              • Exhibit 132: Mitsubishi Electric Corp. - Business segments
              • Exhibit 133: Mitsubishi Electric Corp. - Key news
              • Exhibit 134: Mitsubishi Electric Corp. - Key offerings
              • Exhibit 135: Mitsubishi Electric Corp. - Segment focus
            • 10.10 NIDEC CORP.
              • Exhibit 136: NIDEC CORP. - Overview
              • Exhibit 137: NIDEC CORP. - Business segments
              • Exhibit 138: NIDEC CORP. - Key news
              • Exhibit 139: NIDEC CORP. - Key offerings
              • Exhibit 140: NIDEC CORP. - Segment focus
            • 10.11 OFFICINE MARIO DORIN Spa
              • Exhibit 141: OFFICINE MARIO DORIN Spa - Overview
              • Exhibit 142: OFFICINE MARIO DORIN Spa - Product / Service
              • Exhibit 143: OFFICINE MARIO DORIN Spa - Key offerings
            • 10.12 Panasonic Holdings Corp.
              • Exhibit 144: Panasonic Holdings Corp. - Overview
              • Exhibit 145: Panasonic Holdings Corp. - Business segments
              • Exhibit 146: Panasonic Holdings Corp. - Key news
              • Exhibit 147: Panasonic Holdings Corp. - Key offerings
              • Exhibit 148: Panasonic Holdings Corp. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 149: Inclusions checklist
                • Exhibit 150: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 151: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 152: Research methodology
                • Exhibit 153: Validation techniques employed for market sizing
                • Exhibit 154: Information sources
              • 11.5 List of abbreviations
                • Exhibit 155: 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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                  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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