Global Termite Bait Systems Market Size, Insights, Drivers, Opportunities, By Termite Type (Subterranean, Dampwood, Drywood), Station Type (In-Ground, Above-Ground), Application (Commercial & Industrial, Residential, Agriculture & Livestock Farms), By Distribution Channel, By Region, Growth, Trends and Forecast from 2019 to 2027
Global Termite Bait Systems Market Size, Insights, Drivers, Opportunities, By Termite Type (Subterranean, Dampwood, Drywood), Station Type (In-Ground, Above-Ground), Application (Commercial & Industrial, Residential, Agriculture & Livestock Farms), By Distribution Channel, By Region, Growth, Trends and Forecast from 2019 to 2027
Historic years: 2015 to 2017 Base Year: 2018 Forecast Years:2019 to 2027
Number of pages: 100 Category: Consumer Goods Report Id: MISCG5007
Market Insights
The global termite bait systems market was valued at USD 17.87 billion in 2018 and is estimated to reach a value of USD 28.45 billion in 2027. The market is analyzed to rise at a CAGR of 5.30% over the forecast period of 2019 to 2027. Increasing global temperature is favorable for termite growth, which is driving consumers to install termite bait systems. Moreover, the rising demand for less toxic termite control products will further boost the demand for the termite bait system.Global Termite Bait Systems market size by region, 2018 (USD Billion)
Primary and secondary researchers have identified BASF, DowDuPont, Bayer, Rollins, Sumitomo Chemical are the key players in the global termite bait systems market. However, considering the analysis of this segment, factors like company revenue, consumer trends towards selecting a particular brand, and penetration of the termite bait systems companies are being considered.
Termites can able to live within the temperature range of above 75°F to 95°C. It has been observed that if the surrounding temperature is above 100°F or below 25°F, they cannot be able to survive. Due to this reason, termites are mainly availaible around the subtropical regions of every region.
Termite Type Insights
Subterranean termite type segment was valued to be the largest segment with a market share of over 80% in 2018. It is available in a higher number in warm countries in the southern hemisphere. The widespread practice to remove subterranean termites is to place a bait system around the house.Station Type Insights
The in-ground station type segment was valued to be the largest segment with a market share of over 73% in 2018. The in-ground station can monitor and remove termite activities below the ground and kill the entire population. As subterranean termites are found below the ground, ground stations are more preferred by consumers.Application Insights
The commercial & industrial application segment was valued to be the largest segment with a market share of over 40% in 2018. Companies prefer to install a termite bait system to avoid massive infrastructural loss problems, which can be occurred due to termite damages.Global Termite Bait Systems market share by application, 2018 (%)
Distribution Channel Insights
Offline segment was valued to be the largest segment in 2018. Consumers prefer to purchase this product from local service providers as they provide different value added services including free inspection and low cost maintenances. However, availability of discounted products through online channel is propelling the demand of online distribution channels in coming years.Regional Insights
North America is estimated to be the largest growing region. As of 2018, this region accounts for over 40% share of the global market. Subterranean termites are responsible for 90% of the U.S. management documents damages which drives consumers to install the product. Furthermore, presence of large number of wooden houses in this region is also driving the demand of termite bait system among residential applications.Research Methodology
The following report consists of market analysis including both primary and secondary research. Primary research comprises the interaction between manufacturers, industry experts and channel partners, while the secondary research presents an analytical interpretation of relevant published database, which contains details like proprietary databases, purchased database, company annual reports, and financial reports. For single, team and corporate user license, we will provide 15% free customization of the report. However, alternatively, if you are looking for additional data or insight related to the scope of the report, you may purchase the "Customized Research License". Please put an enquiry for the pricing details.About Us
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Termite Type Outlook- Subterranean
- Dampwood
- Drywood
- In Ground
- Above Ground
- Commercial & Industrial
- Residential
- Agriculture & livestock farms
- Offline
- Online
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- France
- Germany
- Asia Pacific
- China
- India
- Japan
- Central & South America
- Brazil
- Middle East & Africa
- South Africa
- All market drifts, drivers and opportunities
- Analyzing the regional market for the growth factors, estimated analysis and its penetration to the global market
- Understanding the dynamics of the parent market
- Prime fluctuations of the market dynamics
- Evaluation of the market opportunities
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Market segmentation and comprehensive analysis in the second or third level
- Reporting and evaluation of recent industry developments
- Analysis of market share and developments
- Detailed company profiling of leading companies
- Opportunities to newer markets in global and regional markets
- Analyzing the trajectory line of the business
- Measures to consider for termite bait systems product in the market