3 Key Factors Driving Momentum in the Global HVAC Industry

According to a report by BIS Research, the global heating, ventilation, and air conditioning (HVAC) market was estimated at $172.37 billion in 2017 and is expected to reach $208.55 billion by 2024, growing at a CAGR of 2.6% during the forecast period. A number of factors are at play:

Topics: House & Home Manufacturing & Construction Heavy Industry

Power Lawn and Garden Equipment: Top Trends and Statistics

Power lawn and garden equipment is an important component of the lawn care industry and the landscaping industry. Both residential home gardeners and commercial landscapers use a variety of equipment such as lawnmowers, garden tractors, trimmers and edgers, and blowers. This equipment aids in the upkeep of manicured lawns and gardens, parks, golf courses, and athletic fields.

Topics: House & Home Industry Insights The Freedonia Group

Top 6 Things to Know About the $28 Billion Sleep Market

As U.S. obesity rates climb and Americans age, more people are developing sleep apnea, restless leg syndrome, and other sleep disorders. Plus, stressors related to the volatile stock market, terrorism, mass shootings, health care, student debt, and protests against politicians are all resulting in more sleepless nights.

Topics: House & Home Pharmaceuticals Industry Insights

Top 3 Home Trends According to Euromonitor International

Discover the latest trends shaping the home and garden sector, with expert insights from Euromonitor International, a global market research firm that has produced hundreds of authoritative reports on the topic.

Erika Sirimanne, Head of Home and Garden Research at Euromonitor International, identified three notable home trends in a recent video featured below. 

Topics: House & Home Industry Insights

The Wedding Industry in 2017 and Beyond

The average cost of a wedding reached an all-time high of $32,329, according to The Knot 2016 Real Weddings Study, which surveyed 13,000 brides and grooms across the United States.

That’s good news for the 300,000-plus wedding vendors operating in the U.S., including ceremony and reception venues, DJs, coordinators, photographers, caterers, hair and make-up artists, limo drivers, and more.

Topics: House & Home Retail Industry Insights

What’s Driving the Global Security Market

Global security products and services make up an industry worth more than $300 billion. The United States is the largest market overall, but the fastest gains will be found in less developed markets such as India, China, Mexico, South Africa, Turkey, and Brazil, according to Jennifer Christ, a Research Manager at the Freedonia Group.

“Growth in the security market stems from economic development, rising urbanization, increasing personal incomes, and concerns about crime and insufficient public safety measures,” Jennifer explained in a recent webinar on the topic.

Topics: House & Home Public Sector Business Services & Administration Industry Insights The Freedonia Group

The Increasing Demand for Home & Garden Pesticides

The ongoing battle against weeds and pests creates a large, growing market. The demand for home and garden pesticides in the U.S. is forecast to rise 3.1 percent per year to $2.4 billion in 2020, according to the Freedonia Group.

An increase in new housing — coupled with rising consumer spending in lawn care and gardening will boost the overall market. 

Topics: House & Home Industry Insights

The Air Purifier Market in 2017 and Beyond

As incomes rise in various regions around the world — including China and India more consumers are buying air purifiers to decrease the amount of contaminants, odors, and airborne allergens in household air.

The global demand for consumer air treatment systems will grow at a double-digit annual pace to more than $10 billion in 2019, acording to an industry study by the Freedonia Group, a leading international business research company and a division of MarketResearch.com.

Learn more forecasts and facts about the worldwide air purifier market below.

Topics: House & Home Industry Insights

3 Factors Shaping the Global Market for Juvenile Products

The market for strollers and prams, car seats, cribs and cots, baby carriers, and nursery furniture is likely to experience continued growth in the next five years due to several key factors, including increasing income levels, growing e-commerce, and stable fertility rates, according to Azoth Analytics, a market research and analysis company.

Drawing on industry data and primary research with regional heads and retail managers, Azoth Analytics cites three notable developments and trends in the executive summary of its report on the market for juvenile products. 

Topics: House & Home Industry Insights

Shaw Acquisition Highlights Rising Demand for WPC Flooring

The recent announcement from Shaw Industries that it intends to acquire USFloors demonstrates the increasing demand for wood-plastic composite (WPC) flooring in the US.

WPC flooring — which consists of luxury vinyl tile (LVT) with a WPC core that serves as a backing — was introduced to the US by USFloors in 2013. This flooring’s attractive appearance and durability caused it to quickly gain acceptance among interior designers and homeowners. Seeking to capitalize on its popularity, several other hard surface flooring manufacturers developed their own lines of WPC flooring. 

Topics: Materials & Chemicals House & Home Manufacturing & Construction Industry Insights Heavy Industry The Freedonia Group