The Air Duct Market size was valued at USD 9.67 Billion in 2023 and is now anticipated to grow to USD 13.83 Billion by 2031, displaying a compound annual growth rate (CAGR) of 4.58% during the forecast Period 2024 - 2031.
The air duct market is a very dynamic industry & is growing at a significant rate because of variety of factors. Development of infrastructure and green buildings by various nations across the globe is boosting the air duct market.
Get More Information on Air Duct Market - Request Sample Report
Air ducts systems can be found in airports, hotels, multiplexes, offices is surging the air duct market growth. Growing consumer awareness towards energy conservation, energy efficiency & improved thermal comfort are the key factors that is creating the demand for air duct in both the residential and commercial areas. The market is also driven by the increase in health problem because of degrading indoor air quality & increasing pollution. Also, rapid industrialization & urbanization is also helping in the air duct market growth. Rising sustainable practices like recycled materials and integration of IoT’s minimizes energy loss further contributing toward the environment. Moreover, increasing data centers are fueling the growth of the air duct market. All these factors are helping in the growth of the air duct market.
Drivers
Growing awareness towards health and well-being of individuals is increasing importance of air duct systems that improves the indoor air quality is helping in driving the market growth.
Growing urbanization & industrialization is helping in the market growth
Rapid economic development and increasing employment opportunities is helping in growing purchasing power of people. Also, with urbanization has emerged with different kinds of pollutants & contaminants is needed for effective ventilation solutions where Air duct systems can help in providing the optimal solution as they are designed to suck in large amount of fresh air and filter pollutants with excellent efficiency. According to the UN’s Population Division, by 2050, approximately 68% of the global population will reside in urban spaces. Will drive the market towards its growth.
Restraints
Sustainable building materials (like Bamboo) and practices that prioritizes in natural ventilation can reduce the demand for air duct systems causing a restraint in the market growth.
High maintenance cost & Complex installation process may create a hinderance in the market growth.
The growing demand of air duct is with the rise in the installation of HVAC systems. But the complexity of installation process is a limiting factor in the market growth. The old constructed projects where the space for ducting is not properly designed makes it difficult install, along with the servicing of ducts. According to the design and installation type, the air duct systems might require an additional considerable length for ducting that impacting direct & indirect cost of the product. Also, the cost required in installing these ducts is high, thereby impacting the average selling price of these systems.
Opportunities
Growing awareness for sustainable practices like ducts made from sustainable or recycled materials that minimizes over energy loss, reduces carbon footprint is creating growth opportunities.
Technology advancements with integration of IoT’s with thermostats creating an automation system allowing intelligent control and energy optimization is creating growth opportunities.
Challenges
Intense competition from alternate technologies like ductless HVAC systems might create a challenge in the market growth.
Regular cleaning & maintenance of ducts is required as they get dirty or damaged easily which can reduce efficiency and affect the quality of air which might create a challenge in the market growth.
The Russia-Ukraine war has a huge impact on the air duct market. The production of critical materials and the distribution is affected because of disrupted supply chain Ukraine being a critical producer of steel producer played an important role in the air duct market. Sanctions and trade restrictions further complicated material procurement, leading to hike in production costs and delayed projects and facing consequences. Rising material and energy costs might lead to a decline of air duct demand. The price of steel raised to 50% at the time of war. European union is heavily impacted with this war because of the proximity. But on the other side, the war may also call for innovation in order to explore alternative material source or production methods in order to reduce the dependence on disrupted supply chains. Which might lead to long-term developments in the air duct market over more efficient and cost-friendly solution. Also, manufacturers that are facing high costs may be required to streamline their processes thereby reducing waste and lowering production costs over time. The war may encourage the local air duct market in regions with a settled domestic production thus creating opportunities for local manufacturers and reducing their dependency on international suppliers.
Economic slowdowns have a huge impact on the air duct market. Business may face budgetary problems which could delay or cancel of purchasing plans thereby reducing the demand of the air ducts. Similarly, consumers become very price-sensitive and prioritize over essentials like food & utilities and may see air duct systems as a non-essential expense. For the manufacturers this might be seen as an increased competition which could lead to lower profit margins. But on the other side, existing air duct systems will require the need for maintenance, repair & cleaning. This will provide some stability to the market with rising demand for replacement & servicing. Moreover, if manufacturers shift their focus towards more stable sectors like data centers are not affected by the slowdowns can see a stable demand. Also, by diversifying product lines & exploring alternate materials for production of ducts could be beneficial for manufacturers by providing variety to customer budgets & needs. Further, focusing on streamlining production process can save a lot of cost which is crucial in this slowdown.
By Material
Galvanized Steel
Aluminum
Fiberglass
Polymers
Galvanized steel is dominating the market with a share of around 52% of the total market. The reason for its dominance is because of its properties like strength, aesthetics, appearance, flexibility, and resistance to rust, among others. The property of not tearing easily and lasting for approximately 50 years with negligible maintenance, having less cost and easy to install, lock-forming quality, soundproofing capability, and a high degree of insulation are making galvanized steel the dominant material for ducts.
By Shape
Rectangular/Square
Oval
Round
Triangular
Other
By End-User
Public
Commercial
Industrial
Other
Commercial Sector is dominating the market with a share of around 47.04% of the total market. It is essential for maintaining indoor air quality, temperature control, and proper ventilation in a variety of setting across various facilities like airports, infrastructure hotels, conference centers and others where it is necessary to maintain optimal temperature. Additionally, increasing number of passengers globally travelling, increasing corporate offices are incorporating in the dominance of commercial sector.
Regional Analysis
The Asia Pacific region is dominating the market with a share of around 36.9% of the total market. The reason for is dominance is because of rapid industrialization, increasing commercial projects along with expanding shopping complexes, retail stores & rising awareness towards energy conservation. will significantly fuel the demand for air ducts in the region.
North America is the fastest growing region next to Asia-Pacific because of industrialization & climatic conditions across the region.
Need any customization research on Air Duct Market - Enquiry Now
Regional Outlook
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The major players are Lindab, Saint-Gobain Performance Plastics, CMS Group of Companies, Imperial Manufacturing Group, FabricAir, THERMAFLEX, Durkeesox, Air Dispersion System Co., LTD, Aldes Group, KAD AIR CONDITIONING and other players
Lindab-Company Financial Analysis
In April 2023, Aeroseal announced the launch of HomeSeal Xpress (HSX), a next-generation duct-sealing system, which is specifically designed for integration into residential houses.
In February 2024, Saint-Gobain announced that it has entered into an agreement to acquire all the shares of CSR, an Australia-based building products company.
Report Attributes | Details |
---|---|
Market Size in 2023 | US$ 9.67 Billion |
Market Size by 2031 | US$ 13.83 Billion |
CAGR | CAGR of 4.58 % From 2024 to 2031 |
Base Year | 2023 |
Forecast Period | 2024-2031 |
Historical Data | 2020-2022 |
Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
Key Segments | • By Material (Galvanized Steel, Aluminum, Fiberglass, Polymers) • By Shape (Rectangular/Square, Oval, Round, Triangular, Other) • By End-User (Public, Commercial, Industrial, Other) |
Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
Company Profiles | Lindab, Saint-Gobain Performance Plastics, CMS Group of Companies, Imperial Manufacturing Group, FabricAir, THERMAFLEX, Durkeesox, Air Dispersion System Co., LTD, Aldes Group, KAD AIR CONDITIONING |
Key Drivers | • Growing awareness towards health and well-being of individuals is increasing importance of air duct systems that improves the indoor air quality is helping in driving the market growth. • Growing urbanization & industrialization is helping in the market growth |
Restraints | • Sustainable building materials (like Bamboo) and practices that prioritizes in natural ventilation can reduce the demand for air duct systems causing a restraint in the market growth. • High maintenance cost & Complex installation process may create a hinderance in the market growth. |
Ans: The Air Duct Market is expected to grow at a CAGR of 4.58%.
Ans: Air Duct Market size was USD 9.67 billion in 2023 and is expected to Reach USD 13.83 billion by 2031.
Ans: Growing awareness towards health and well-being of individuals is increasing importance of air duct systems that improves the indoor air quality is helping in driving the market growth.
Ans: High maintenance cost & Complex installation process may create a hinderance in the market growth.
Ans: Asia-Pacific is expected to hold the largest market share in the Air Duct Market during the forecast period.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. Air Duct Market Segmentation, By Material
9.1 Introduction
9.2 Trend Analysis
9.3 Galvanized Steel
9.4 Aluminum
9.5 Fiberglass
9.6 Polymers
10. Air Duct Market Segmentation, By Shape
10.1 Introduction
10.2 Trend Analysis
10.3 Rectangular/Square
10.4 Oval
10.5 Round
10.6 Triangular
10.7 Other
11. Air Duct Market Segmentation, By End Use
11.1 Introduction
11.2 Trend Analysis
11.3 Public
11.4 Commercial
11.5 Industrial
11.6 Other
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 Trend Analysis
12.2.2 North America Air Duct Market, By Country
12.2.3 North America Air Duct Market, By Material
12.2.4 North America Air Duct Market, By Shape
12.2.5 North America Air Duct Market, By End Use
12.2.6 USA
12.2.6.1 USA Air Duct Market, By Material
12.2.6.2 USA Air Duct Market, By Shape
12.2.6.3 USA Air Duct Market, By End Use
12.2.7 Canada
12.2.7.1 Canada Air Duct Market, By Material
12.2.7.2 Canada Air Duct Market, By Shape
12.2.7.3 Canada Air Duct Market, By End Use
12.2.8 Mexico
12.2.8.1 Mexico Air Duct Market, By Material
12.2.8.2 Mexico Air Duct Market, By Shape
12.2.8.3 Mexico Air Duct Market, By End Use
12.3 Europe
12.3.1 Trend Analysis
12.3.2 Eastern Europe
12.3.2.1 Eastern Europe Air Duct Market, By Country
12.3.2.2 Eastern Europe Air Duct Market, By Material
12.3.2.3 Eastern Europe Air Duct Market, By Shape
12.3.2.4 Eastern Europe Air Duct Market, By End Use
12.3.2.5 Poland
12.3.2.5.1 Poland Air Duct Market, By Material
12.3.2.5.2 Poland Air Duct Market, By Shape
12.3.2.5.3 Poland Air Duct Market, By End Use
12.3.2.6 Romania
12.3.2.6.1 Romania Air Duct Market, By Material
12.3.2.6.2 Romania Air Duct Market, By Shape
12.3.2.6.4 Romania Air Duct Market, By End Use
12.3.2.7 Hungary
12.3.2.7.1 Hungary Air Duct Market, By Material
12.3.2.7.2 Hungary Air Duct Market, By Shape
12.3.2.7.3 Hungary Air Duct Market, By End Use
12.3.2.8 Turkey
12.3.2.8.1 Turkey Air Duct Market, By Material
12.3.2.8.2 Turkey Air Duct Market, By Shape
12.3.2.8.3 Turkey Air Duct Market, By End Use
12.3.2.9 Rest of Eastern Europe
12.3.2.9.1 Rest of Eastern Europe Air Duct Market, By Material
12.3.2.9.2 Rest of Eastern Europe Air Duct Market, By Shape
12.3.2.9.3 Rest of Eastern Europe Air Duct Market, By End Use
12.3.3 Western Europe
12.3.3.1 Western Europe Air Duct Market, By Country
12.3.3.2 Western Europe Air Duct Market, By Material
12.3.3.3 Western Europe Air Duct Market, By Shape
12.3.3.4 Western Europe Air Duct Market, By End Use
12.3.3.5 Germany
12.3.3.5.1 Germany Air Duct Market, By Material
12.3.3.5.2 Germany Air Duct Market, By Shape
12.3.3.5.3 Germany Air Duct Market, By End Use
12.3.3.6 France
12.3.3.6.1 France Air Duct Market, By Material
12.3.3.6.2 France Air Duct Market, By Shape
12.3.3.6.3 France Air Duct Market, By End Use
12.3.3.7 UK
12.3.3.7.1 UK Air Duct Market, By Material
12.3.3.7.2 UK Air Duct Market, By Shape
12.3.3.7.3 UK Air Duct Market, By End Use
12.3.3.8 Italy
12.3.3.8.1 Italy Air Duct Market, By Material
12.3.3.8.2 Italy Air Duct Market, By Shape
12.3.3.8.3 Italy Air Duct Market, By End Use
12.3.3.9 Spain
12.3.3.9.1 Spain Air Duct Market, By Material
12.3.3.9.2 Spain Air Duct Market, By Shape
12.3.3.9.3 Spain Air Duct Market, By End Use
12.3.3.10 Netherlands
12.3.3.10.1 Netherlands Air Duct Market, By Material
12.3.3.10.2 Netherlands Air Duct Market, By Shape
12.3.3.10.3 Netherlands Air Duct Market, By End Use
12.3.3.11 Switzerland
12.3.3.11.1 Switzerland Air Duct Market, By Material
12.3.3.11.2 Switzerland Air Duct Market, By Shape
12.3.3.11.3 Switzerland Air Duct Market, By End Use
12.3.3.1.12 Austria
12.3.3.12.1 Austria Air Duct Market, By Material
12.3.3.12.2 Austria Air Duct Market, By Shape
12.3.3.12.3 Austria Air Duct Market, By End Use
12.3.3.13 Rest of Western Europe
12.3.3.13.1 Rest of Western Europe Air Duct Market, By Material
12.3.3.13.2 Rest of Western Europe Air Duct Market, By Shape
12.3.3.13.3 Rest of Western Europe Air Duct Market, By End Use
12.4 Asia-Pacific
12.4.1 Trend Analysis
12.4.2 Asia-Pacific Air Duct Market, By Country
12.4.3 Asia-Pacific Air Duct Market, By Material
12.4.4 Asia-Pacific Air Duct Market, By Shape
12.4.5 Asia-Pacific Air Duct Market, By End Use
12.4.6 China
12.4.6.1 China Air Duct Market, By Material
12.4.6.2 China Air Duct Market, By Shape
12.4.6.3 China Air Duct Market, By End Use
12.4.7 India
12.4.7.1 India Air Duct Market, By Material
12.4.7.2 India Air Duct Market, By Shape
12.4.7.3 India Air Duct Market, By End Use
12.4.8 Japan
12.4.8.1 Japan Air Duct Market, By Material
12.4.8.2 Japan Air Duct Market, By Shape
12.4.8.3 Japan Air Duct Market, By End Use
12.4.9 South Korea
12.4.9.1 South Korea Air Duct Market, By Material
12.4.9.2 South Korea Air Duct Market, By Shape
12.4.9.3 South Korea Air Duct Market, By End Use
12.4.10 Vietnam
12.4.10.1 Vietnam Air Duct Market, By Material
12.4.10.2 Vietnam Air Duct Market, By Shape
12.4.10.3 Vietnam Air Duct Market, By End Use
12.4.11 Singapore
12.4.11.1 Singapore Air Duct Market, By Material
12.4.11.2 Singapore Air Duct Market, By Shape
12.4.11.3 Singapore Air Duct Market, By End Use
12.4.12 Australia
12.4.12.1 Australia Air Duct Market, By Material
12.4.12.2 Australia Air Duct Market, By Shape
12.4.12.3 Australia Air Duct Market, By End Use
12.4.13 Rest of Asia-Pacific
12.4.13.1 Rest of Asia-Pacific Air Duct Market, By Material
12.4.13.2 Rest of Asia-Pacific Air Duct Market, By Shape
12.4.13.3 Rest of Asia-Pacific Air Duct Market, By End Use
12.5 Middle East & Africa
12.5.1 Trend Analysis
12.5.2 Middle East
12.5.2.1 Middle East Air Duct Market, By Country
12.5.2.2 Middle East Air Duct Market, By Material
12.5.2.3 Middle East Air Duct Market, By Shape
12.5.2.4 Middle East Air Duct Market, By End Use
12.5.2.5 UAE
12.5.2.5.1 UAE Air Duct Market, By Material
12.5.2.5.2 UAE Air Duct Market, By Shape
12.5.2.5.3 UAE Air Duct Market, By End Use
12.5.2.6 Egypt
12.5.2.6.1 Egypt Air Duct Market, By Material
12.5.2.6.2 Egypt Air Duct Market, By Shape
12.5.2.6.3 Egypt Air Duct Market, By End Use
12.5.2.7 Saudi Arabia
12.5.2.7.1 Saudi Arabia Air Duct Market, By Material
12.5.2.7.2 Saudi Arabia Air Duct Market, By Shape
12.5.2.7.3 Saudi Arabia Air Duct Market, By End Use
12.5.2.8 Qatar
12.5.2.8.1 Qatar Air Duct Market, By Material
12.5.2.8.2 Qatar Air Duct Market, By Shape
12.5.2.8.3 Qatar Air Duct Market, By End Use
12.5.2.9 Rest of Middle East
12.5.2.9.1 Rest of Middle East Air Duct Market, By Material
12.5.2.9.2 Rest of Middle East Air Duct Market, By Shape
12.5.2.9.3 Rest of Middle East Air Duct Market, By End Use
12.5.3 Africa
12.5.3.1 Africa Air Duct Market, By Country
12.5.3.2 Africa Air Duct Market, By Material
12.5.3.3 Africa Air Duct Market, By Shape
12.5.3.4 Africa Air Duct Market, By End Use
12.5.3.5 Nigeria
12.5.3.5.1 Nigeria Air Duct Market, By Material
12.5.3.5.2 Nigeria Air Duct Market, By Shape
12.5.3.5.3 Nigeria Air Duct Market, By End Use
12.5.3.6 South Africa
12.5.3.6.1 South Africa Air Duct Market, By Material
12.5.3.6.2 South Africa Air Duct Market, By Shape
12.5.3.6.3 South Africa Air Duct Market, By End Use
12.5.3.7 Rest of Africa
12.5.3.7.1 Rest of Africa Air Duct Market, By Material
12.5.3.7.2 Rest of Africa Air Duct Market, By Shape
12.5.3.7.3 Rest of Africa Air Duct Market, By End Use
12.6 Latin America
12.6.1 Trend Analysis
12.6.2 Latin America Air Duct Market, By country
12.6.3 Latin America Air Duct Market, By Material
12.6.4 Latin America Air Duct Market, By Shape
12.6.5 Latin America Air Duct Market, By End Use
12.6.6 Brazil
12.6.6.1 Brazil Air Duct Market, By Material
12.6.6.2 Brazil Air Duct Market, By Shape
12.6.6.3 Brazil Air Duct Market, By End Use
12.6.7 Argentina
12.6.7.1 Argentina Air Duct Market, By Material
12.6.7.2 Argentina Air Duct Market, By Shape
12.6.7.3 Argentina Air Duct Market, By End Use
12.6.8 Colombia
12.6.8.1 Colombia Air Duct Market, By Material
12.6.8.2 Colombia Air Duct Market, By Shape
12.6.8.3 Colombia Air Duct Market, By End Use
12.6.9 Rest of Latin America
12.6.9.1 Rest of Latin America Air Duct Market, By Material
12.6.9.2 Rest of Latin America Air Duct Market, By Shape
12.6.9.3 Rest of Latin America Air Duct Market, By End Use
13. Company Profiles
13.1 Lindab
13.1.1 Company Overview
13.1.2 Financial
13.1.3 Products/ Services Offered
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 Saint-Gobain Performance Plastics
13.2.1 Company Overview
13.2.2 Financial
13.2.3 Products/ Services Offered
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 CMS Group of Companies
13.3.1 Company Overview
13.3.2 Financial
13.3.3 Products/ Services Offered
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Imperial Manufacturing Group
13.4.1 Company Overview
13.4.2 Financial
13.4.3 Products/ Services Offered
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 FabricAir
13.5.1 Company Overview
13.5.2 Financial
13.5.3 Products/ Services Offered
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 THERMAFLEX
13.6.1 Company Overview
13.6.2 Financial
13.6.3 Products/ Services Offered
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Durkeesox
13.7.1 Company Overview
13.7.2 Financial
13.7.3 Products/ Services Offered
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Air Dispersion System Co., LTD
13.8.1 Company Overview
13.8.2 Financial
13.8.3 Products/ Services Offered
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Aldes Group
13.9.1 Company Overview
13.9.2 Financial
13.9.3 Products/ Services Offered
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 KAD AIR CONDITIONING
13.10.1 Company Overview
13.10.2 Financial
13.10.3 Products/ Services Offered
13.10.4 SWOT Analysis
13.10.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions
15. Use Case and Best Practices
16. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Lawn Mowers Market Size was esteemed at USD 28.77 billion in 2023 and is supposed to arrive at USD 51.28 billion by 2032 and develop at a CAGR of 6.38% over the forecast period 2024-2032.
The Waste Management Equipment Market was valued at USD 17.98 billion in 2023, and it is expected to reach USD 26.49 billion by 2032, registering a CAGR of 4.4% during the forecast period of 2024-2032.
The Smart Pneumatic Market size was estimated at USD 4.59 billion in 2023 and is expected to reach USD 8.13 billion by 2032 with a growth at CAGR of 6.55% during the forecast period of 2024-2032.
The Industrial Automation Market Size was valued at USD 182.1 Billion in 2023 and is expected to reach USD 377.9 Billion by 2032 and grow at a CAGR of 8.45% over the forecast period 2024-2032.
The Industrial Pumps Market Size was valued at USD 55.95 Billion in 2023 and is expected to reach USD 87.3 Billion by 2032 and grow at a CAGR of 4.92% over the forecast period 2024-2032.
The Intelligent Vending Machines Market size was valued at USD 22.15 billion in 2023 and is expected to reach USD 72.25 billion by 2032 and grow at a CAGR of 14.05% over the forecast period 2024-2032.
Hi! Click one of our member below to chat on Phone