Air Treatment Products Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0191868
  • Format: Electronic (PDF)
  • Number of Pages: 191
  • Author(s): Joshi, Madhavi

Report Overview

The Air Treatment Products Market size was estimated at USD 22 billion in 2023 and is projected to reach USD 35 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7.10% during the forecast period (2024-2030).

Air Treatment Products Market

(Market Size)
$22 billion
$35 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 7.10%
2023 Market Size USD 22 billion
2030 Market Size USD 35 billion
Key Players Honeywell, Dyson, Philips, Blueair, Coway

Market Summary

The air treatment products market is a dynamic and essential segment within the global consumer goods industry, focused on enhancing indoor air quality for residential, commercial, and industrial environments. This market encompasses a wide array of technologies and devices designed to purify, humidify, dehumidify, and otherwise condition the air within enclosed spaces. Growing consumer awareness regarding the health implications of prolonged exposure to polluted indoor air is a fundamental factor propelling market expansion. This heightened consciousness is coupled with an increasing prevalence of respiratory ailments and allergies, driving demand for effective air purification solutions. Manufacturers are consistently engaged in research and development to introduce products with advanced filtration technologies, smart connectivity features, and improved energy efficiency. The competitive landscape is characterized by the presence of both established multinational corporations and innovative startups, all vying for market share through product differentiation and strategic marketing. The market's trajectory is intrinsically linked to broader trends in urbanization, disposable income levels, and the increasing amount of time individuals spend indoors, making it a critical area for investment and innovation within the consumer goods sector.

Key Highlights

The air treatment products market is distinguished by several key highlights that underscore its current state and future potential. A primary highlight is the rapid integration of Internet of Things (IoT) technology, leading to the proliferation of smart air purifiers and monitors that can be controlled via smartphones and integrated into broader smart home ecosystems. This connectivity allows for real-time air quality monitoring and automated adjustments, providing unprecedented convenience and efficiency for consumers. Another significant highlight is the strong consumer shift towards products featuring High-Efficiency Particulate Air (HEPA) filters, activated carbon filters, and other advanced technologies like photocatalytic oxidation and UV-C light, which are marketed for their ability to capture ultrafine particles, neutralize viruses, and eliminate odors. Sustainability has also emerged as a critical differentiator, with leading companies developing energy-efficient models and focusing on recyclable materials and longer-lasting filters to reduce environmental impact. Furthermore, the market has seen a notable expansion beyond traditional residential applications into commercial spaces such as offices, hospitals, and schools, as well as the industrial sector, broadening the addressable market considerably and opening new revenue streams for manufacturers.

Drivers, Opportunities & Restraints

The growth of the air treatment products market is propelled by a confluence of powerful drivers. The most significant driver is the escalating global concern over deteriorating air quality, particularly in densely populated urban centers and regions with high levels of industrial activity. This is compounded by a growing body of scientific evidence linking poor indoor air quality to various health issues, including asthma, cardiovascular diseases, and other respiratory conditions, which is compelling consumers to invest in protective solutions. Rising disposable incomes, especially in emerging economies, are enabling a larger consumer base to afford these products. However, the market also faces notable restraints. The high initial cost of premium air treatment systems can be a barrier to adoption for price-sensitive consumers. Additionally, the ongoing operational costs associated with replacing filters and maintaining the units can deter some potential buyers. A significant opportunity lies in the untapped potential of emerging markets in Asia-Pacific and Latin America, where urbanization and industrialization are rapid, and awareness is growing. There is also a substantial opportunity in the development of more affordable, yet effective, product segments and in creating specialized solutions for niche applications such as healthcare facilities and data centers where air quality is paramount.

Concentration Insights

The competitive concentration within the air treatment products market is characterized by a mix of high fragmentation among numerous small players and significant consolidation led by a few dominant multinational corporations. The market features a tiered structure. The top tier consists of globally recognized giants such as Dyson, Honeywell International Inc., Sharp Corporation, and LG Electronics. These companies possess extensive distribution networks, robust brand recognition, and substantial resources for research, development, and marketing, allowing them to command a significant portion of the market share. The middle and lower tiers are populated by a vast number of regional players and specialized manufacturers that compete primarily on price, specific technological innovations, or by catering to local preferences and needs. This structure creates a competitive environment where large companies compete on brand and technology, while smaller firms often find success by identifying and serving niche segments or offering more cost-effective alternatives. Mergers and acquisitions are a common strategy for larger players seeking to acquire innovative technologies or expand their geographic footprint, further influencing the market's concentration dynamics.

Type Insights

The air treatment products market is segmented by type into several key categories, each addressing specific air quality concerns. Air purifiers represent the largest and most prominent segment. These devices utilize various filtration technologies, including HEPA filters, activated carbon, ionizers, and UV light, to remove contaminants such as dust, pollen, pet dander, smoke, and volatile organic compounds (VOCs) from the air. Humidifiers form another critical segment, designed to add moisture to dry air, which is particularly sought after in arid climates and during winter months to alleviate issues like dry skin, irritated sinuses, and static electricity. Conversely, dehumidifiers are used to extract excess moisture from the air, preventing mold growth, mildew, and dust mites, making them essential in damp environments and for allergy sufferers. Air conditioners with advanced filtration features also play a role in air treatment. More recently, hybrid models that combine purification with humidification or dehumidification functions are gaining popularity, offering consumers multifunctional solutions for comprehensive indoor air management.

Application Insights

The application of air treatment products spans across residential, commercial, and industrial sectors, each with distinct demands and drivers. The residential application is the largest segment, driven by heightened consumer awareness of health and wellness. Homeowners and renters are increasingly adopting air purifiers, humidifiers, and dehumidifiers to create a safer and more comfortable living environment, particularly in households with children, elderly individuals, or members with allergies and respiratory conditions. The commercial application segment is experiencing rapid growth, encompassing offices, hotels, hospitals, schools, and shopping malls. In these settings, maintaining high indoor air quality is crucial for occupant health, productivity, and overall satisfaction. Hospitals, in particular, require specialized HEPA filtration systems to maintain sterile environments in operating rooms and isolation wards. The industrial application segment involves the use of large-scale air scrubbers and treatment systems to control airborne pollutants, fumes, and contaminants generated during manufacturing processes, ensuring compliance with occupational health and safety regulations and protecting both workers and machinery.

Regional Insights

The demand for air treatment products exhibits strong regional variations influenced by economic development, environmental factors, and consumer awareness. The Asia-Pacific region is the largest and fastest-growing market globally. This dominance is primarily fueled by severe air pollution problems in major economies like China and India, coupled with a growing middle class with increasing purchasing power. Government initiatives to combat pollution and rising health consciousness are key growth catalysts in this region. North America and Europe represent mature markets characterized by high consumer awareness and stringent regulations regarding indoor air quality. In these regions, demand is driven by replacement purchases, technological upgrades to smart and connected devices, and a persistent focus on health and wellness. The markets in Latin America and the Middle East and Africa are currently smaller but present significant growth opportunities. Growth in these emerging regions is expected to be driven by increasing urbanization, deteriorating air quality in major cities, and a gradual rise in disposable income, making air treatment products accessible to a broader consumer base.

Company Insights

The air treatment products market is populated by a diverse array of companies, ranging from global electronics conglomerates to specialized pure-play firms. Leading players include established names such as Dyson, known for its innovative bladeless fan and purifier combinations and strong brand appeal; Honeywell International Inc., a major player offering a wide range of air purifiers for both consumer and commercial use with a focus on reliability; and Sharp Corporation, which pioneered Plasmacluster ion technology. Other significant contributors are LG Electronics and Samsung Electronics, which leverage their extensive home appliance portfolios and technological expertise to produce smart and connected air treatment solutions. Philips is another key competitor, emphasizing health and well-being through its range of air purifiers with advanced sensing capabilities. These major companies compete intensely on technology innovation, energy efficiency, filter life, noise levels, and design aesthetics. Beyond these giants, numerous other companies like Winix, Coway, and Blueair have carved out substantial market shares by focusing specifically on air purification and building strong reputations for performance and value.

Recent Developments

The air treatment products market is characterized by continuous innovation and strategic moves by key industry participants. A prominent recent development across the industry is the accelerated integration of artificial intelligence and machine learning. Companies are launching products equipped with sensors that automatically detect air quality levels and adjust their operation accordingly without user intervention, optimizing both performance and energy consumption. Connectivity remains a major focus, with new product launches almost universally featuring Wi-Fi and app control, and many integrating with voice assistants like Amazon Alexa and Google Assistant. There has also been a significant push towards sustainability, with manufacturers announcing initiatives to use recycled materials in their products and developing washable and longer-lasting filters to reduce waste. Furthermore, the market has seen increased activity in the form of strategic partnerships and acquisitions, as larger firms seek to acquire innovative startups with proprietary technologies to enhance their product portfolios and gain a competitive edge in a rapidly evolving marketplace.

Report Segmentation

This comprehensive market research report on the air treatment products market provides a detailed analysis structured through meticulous segmentation. The report is segmented by type to deliver insights into the distinct dynamics of air purifiers, humidifiers, dehumidifiers, and other related products, analyzing the adoption trends and technological advancements within each category. It is further segmented by technology, examining the penetration and efficacy of HEPA, activated carbon, ionic filters, UV light, and other emerging purification technologies. The application segmentation offers a deep dive into the demand patterns across residential, commercial, and industrial end-users, highlighting the specific requirements and growth drivers unique to each sector. A crucial regional segmentation breaks down the market performance across key geographies including North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa, providing a granular view of regional trends, consumer behavior, and competitive landscapes. This multi-faceted segmentation approach ensures that the report delivers targeted and actionable intelligence, enabling businesses and investors to identify high-growth segments and make informed strategic decisions.

FAQs

What are the different types of air treatment products?

The primary types of air treatment products include air purifiers, which remove contaminants; humidifiers, which add moisture to dry air; dehumidifiers, which reduce excess humidity; and air conditioners with built-in advanced filtration systems.

How does an air purifier work?

Air purifiers work by drawing air through a series of internal filters. These filters, which can be HEPA, activated carbon, or other types, capture and neutralize airborne particles like dust, pollen, smoke, and bacteria, before circulating the cleaned air back into the room.

What is a HEPA filter?

A HEPA filter is a High-Efficiency Particulate Air filter. It is a type of mechanical air filter that works by forcing air through a fine mesh that traps harmful particles such as pollen, pet dander, dust mites, and tobacco smoke, and is highly effective at removing allergens from the air.

Who are the key players in the air treatment products market?

The market is served by a mix of global giants and specialized firms. Key players include Dyson, Honeywell International Inc., Sharp Corporation, LG Electronics, Samsung Electronics, Philips, Winix, Coway, and Blueair.

Which regions have the highest demand for air treatment products?

The Asia-Pacific region currently exhibits the highest demand, driven by severe pollution levels and a growing health-conscious middle class in countries like China and India. North America and Europe are also significant, mature markets.

What are the benefits of using a humidifier?

Using a humidifier adds moisture to the air, which can alleviate common issues caused by dry indoor air, including dry skin, irritated sinuses and throat, bloody noses, and cracked lips. It can also help reduce static electricity and protect wooden furniture from drying out.

Citius Research has developed a research report titled “Air Treatment Products Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Air Treatment Products Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Air Treatment Products Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Air Treatment Products Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Air Treatment Products Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Air Treatment Products Market
• Research Methodology
• Executive Summary
• Market Dynamics of Air Treatment Products Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Air Treatment Products Market
• Cost and Gross Margin Analysis of Air Treatment Products Market
• Air Treatment Products Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Air Treatment Products Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Air Treatment Products Market Key Stakeholders

Below are the key stakeholders for the Air Treatment Products Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Air Treatment Products Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Air Treatment Products Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Air Treatment Products Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Air Treatment Products Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Air Treatment Products Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Air Treatment Products Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Air Treatment Products Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Air Treatment Products Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Air Treatment Products Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Air Treatment Products Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Air Treatment Products Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Air Treatment Products Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Air Treatment Products Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Air Treatment Products Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Air Treatment Products Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Air Treatment Products Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Air Treatment Products Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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