Lucintel Newsletter

Business News by Lucintel

Bookmark and Share

Monday, December 5, 2016

Opportunities for the global carpet and rug market to reach $39.1 billion by 2021



According to a new market report published by Lucintel, the future of the global carpet and rug market looks good with opportunities in the residential, non-residential, and transportation segments. The global carpet and rug market is expected to reach an estimated $39.1 billion by 2021 and is forecast to grow at a CAGR of 2.6% by value from 2016 to 2021. The major drivers of growth for this market are the growth in construction and transportation industry and an increase in renovation activities. Consumers are moving towards bold attractive colors and non-geometrical designer patterns of carpet and rugs which also help to drive the demand in the market.

In this market, woven, tufted, and knotted are the major segments by product type. The tufted segment is expected to account for the largest share of demand in 2021. On the basis of its comprehensive research Lucintel forecast that the knotted segment is likely to experience the highest growth during the forecast period due to the growing demand for eco-friendly carpet and rugs made from natural and biodegradable renewable fibers. 

Within the carpet and rug market, the residential end use segment is expected to remain the largest and fastest growing market by value and volume. Growth in demand for carpets and rugs is largely dependent on housing renovation and new residential construction, which are the major factors that would spur growth for this segment over the forecast period. 

In carpet and rug market, the nylon segment is estimated to be the largest segment in terms of value, mainly due to its higher strength as compared to other materials.

North America is expected to remain the largest market due to continuous growth in residential and commercial building construction activities.

Asia Pacific is expected to witness good growth over the forecast period because of economic growth, rising income levels, and increasing construction activities. These factors combined with aesthetic appeal of carpets and rugs are projected to augment the demand for the carpet and rug market in this region. 

For business expansion, this report suggests innovation and new product development for achieving higher strength and good cleaning efficacy. 
 
Emerging trends that have a direct impact on the dynamics of the industry include increasing acceptance of carpet tiles, increasing demand for eco-friendly carpet, and increasing preference of contemporary area rugs. Mohawk Industries, Inc., Shaw Industries, Interface, Oriental Weavers Group, and Tarkett are among the major suppliers of carpets and rugs. 
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global carpet and rug market by product, application, material, and region and has come up with a comprehensive research report entitled “Global Carpet and Rug Market 2016-2021: Trends, Forecast, and Opportunity Analysis. The Lucintel report serves as a spring board for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the carpet and rug market by product, application, material, and region as follows:

 
By product [Volume (M sqm) and Value ($ million) from 2010 to 2021]
  • Woven
  • Tufted
  • Knotted
  • Other
By end-use [Volume (M sqm) and Value ($ million) from 2010 to 2021]:
·         Residential
·         Non-Residential

  • Healthcare
  • Education
  • Hospitality
  • Retail
  • Office
  • Other

·         Transportation

By material [Value ($ million) from 2010 to 2021]:
  • Nylon
  • Polyester
  • Polypropylene
  • Other
By region [Volume (M sqm) and Value ($ million) from 2010 to 2021]
  • North America
  • Europe
  • Asia Pacific
  • The Rest of the World 
This 233-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings include Construction Market Report, Construction Reports, Industry / Market Analysis, Strategic Growth Consulting and Capital Investment Analysis.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

This report addresses the following 11 key questions:

Q.1 What are some of the most promising, high-growth opportunities for carpet and rug market by product (woven, tufted, knotted, and others), end use (residential, non-residential, transportation, healthcare, education, hospitality, retail, office, and other), material (nylon, polyester, polypropylene, and other) and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which region will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers,  challenges, and business risks in this market?
Q.5 What are the business risks and competitive threats in this market?
Q.6 What are emerging trends in this market and reasons behind them?
Q.7 What are some of the changing demands of customers in the market?
Q.8 What are the new developments in the market and which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being taken by key players for business growth?
Q.10 What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution?
Q.11 What M&A activity has occurred in the last 5 years?

Opportunities for heat exchanger market to reach $21.3 billion by 2022



According to a new market report published by Lucintel, the future of the global heat exchanger market looks promising with opportunities in the chemical, petrochemical and oil and gas applications. The global heat exchanger market is expected to reach an estimated $21.3 billion by 2022 and it is forecast to grow at a CAGR of 6.1% from 2017 to 2022. The major drivers of growth for this market are rapid industrialization, a rise in HVACR deployments, and stringent environmental regulations.

In this market, chemical, petrochemical and oil and gas, paper and pulp, food and beverage, HVACR, and power generation are the market segments by application. On the basis of product type, the market is segmented into shell and tube, plate and frame, air-cooled, and others. On the basis of its comprehensive research, Lucintel forecasts that the HVACR application is expected to show above average growth during the forecast period.

Within the global heat exchanger market, the shell and tube segment is expected to remain the largest market. Increase in number of oil field projects, and infrastructure development projects across all the regions are the major factors that will spur growth for this segment over the forecast period.

Europe is expected to remain the largest region and Asia Pacific and Europe are expected to witness significant growth over the forecast period due to stringent environmental regulations and increasing awareness regarding installation of energy efficiency systems.
For business expansion, Lucintel’s report suggests innovation and new product development to ensure smooth transmission of heat to save energy costs. The report further suggests the development of partnerships with customers to create win-win situations and the development of low-cost solutions for customers.

Emerging trends which have a direct impact on the dynamics of the industry include development of waste heat recovery heat exchangers and introduction of exhaust gas re-circulation coolers. Alfa Laval Corporate AB, Kelvion Holding GmbH, Xylem Inc., Danfoss A/S, and SPX Corporation are the major heat exchanger suppliers in the global exchanger market. Of these, several are seeking mergers and acquisitions as strategic initiatives to drive growth.  

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global heat exchanger market by application, product type, and region, and has compiled a comprehensive research report entitled “Growth Opportunities in the Global Heat Exchanger Market 2017-2022: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a springboard for growth strategy because it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the growth opportunities in the global heat exchanger market by application, product type and region, as follows:

By Application [$ Billion from 2011 to 2022]:
  • Chemical                                   
  • Petrochemical and Oil and Gas  
  • HVACR                                     
  • Food and Beverage                  
  • Power Generation                    
  • Paper and Pulp                        
  • Others                                        
By Product Type [$ Billion from 2011 to 2022]:

  • Shell and Tube                     
  • Plate and Frame                   
  •  Air-Cooled                              
  • Others                                               

By region [$ Billion from 2011 to 2022]:

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World


This 181-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings include Energy Market Report, Energy Industry, Opportunity Screening and Analysis, Capital Investment Feasibility and SWOT Analysis.
 
About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

This report answers following key questions:

Q.1      What are some of the most promising, high-growth opportunities for the heat exchanger market by application (chemical, petrochemical and oil and gas, paper and pulp, food and beverage, HVACR, power generation, and others), product type (shell and tube, plate and frame, air-cooled and other), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Q.2      Which segments will grow at a faster pace and why?
Q.3      Which region will grow at a faster pace and why?
Q.4      What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in this market?
Q.5      What are the business risks and competitive threats in this market?
Q.6      What are the emerging trends in this market and reasons behind them?
Q.7      What are some of the changing demands of customers in the market?
Q.8      What are the new developments in the market? Which companies are leading these developments?
Q.9      Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10    What are some of the competing products in this market and how big of a threat do they pose for loss of market share by materials / product substitution?
Q.11    What M&A activity has occurred in the last 5 years and what has its impact been on the industry?