The Aircraft Tire Retreading Market is expected to register a CAGR of 5.4% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
Aircraft Tire Retreading Market covers analysis by Process (Pre-Cure, Mold-Cure); Aircraft Type (Commercial, Military) , and Geography (North America, Europe, Asia Pacific, Middle East and Africa and South and Central America)
Purpose of the ReportThe report Aircraft Tire Retreading Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Aircraft Tire Retreading Market Segmentation
Process- Pre-Cure
- Mold-Cure
- Commercial
- Military
Strategic Insights
Aircraft Tire Retreading Market Growth Drivers- Rising Demand for Cost-Effective Maintenance Solutions: The growing need for cost-effective aircraft maintenance solutions is one of the major drivers of the aircraft tire retreading market. Tires are among the most heavily used components in aircraft, experiencing high wear and tear due to frequent take-offs, landings, and taxiing. Replacing worn-out tires with new ones can be expensive for airlines, especially given the large fleets operated by commercial carriers. Tire retreading, which involves restoring the worn-out tread of the tire, offers a significantly more cost-effective alternative to full tire replacement. By extending the life of existing tires through retreading, airlines can reduce operational costs, especially in the context of ongoing pressure to minimize maintenance expenses and improve fleet efficiency. This demand for cost-effective maintenance is expected to continue driving the growth of the tire retreading market.
- Increasing Number of Aircraft Fleets and Air Traffic: The expansion of global air traffic and the increasing number of aircraft fleets, particularly in regions like Asia-Pacific and the Middle East, are contributing to the growth of the aircraft tire retreading market. As more airlines enter service, the number of tires in use across the commercial aviation industry grows, driving demand for tire maintenance services, including retreading. Airlines operating large fleets or with high-frequency flights are particularly inclined to adopt tire retreading as a means of managing maintenance costs effectively. Additionally, the increasing number of regional and budget airlines is likely to further boost the market, as these carriers seek affordable alternatives to replace new tires as part of their maintenance programs.
- Digitalization and IoT Integration in Tire Monitoring: The integration of digital technologies and the Internet of Things (IoT) into tire monitoring and management systems presents significant opportunities for the aircraft tire retreading market. Airlines are increasingly adopting smart tire technologies that monitor tire performance in real-time, tracking parameters like tire pressure, temperature, and wear patterns. These IoT-enabled systems allow for more precise maintenance schedules, which can extend the life of both new and retreaded tires. For retreaded tires, this digital tracking ensures that they are performing optimally and provides data that can help identify when the tire is nearing the end of its lifecycle. As airlines and ground handling operations embrace digital tire monitoring, the demand for both new and retreaded tires will be influenced by this trend, providing growth opportunities for tire manufacturers and retreading service providers.
- Expansion of Regional and Low-Cost Carriers: The continued expansion of regional and low-cost carriers is a significant opportunity for the aircraft tire retreading market. These airlines often operate smaller fleets and are highly cost-conscious, making retreaded tires an attractive option. As regional air traffic continues to grow, especially in emerging markets such as Asia-Pacific and Africa, these carriers will increasingly adopt retreaded tires to reduce maintenance costs and maximize fleet efficiency. The large number of aircraft operating in these regions, combined with growing budget-conscious travel trends, offers a considerable market opportunity for retreaded tire providers to expand their presence.
- Focus on Sustainability and Environmental Responsibility: The aviation industry is under increasing pressure to reduce its environmental footprint, and tire retreading presents an attractive solution for enhancing sustainability efforts. Tire retreading helps reduce waste by reusing the core of the tire, which lowers the demand for raw materials and energy consumption associated with manufacturing new tires. Additionally, retreading minimizes tire disposal, reducing the amount of waste sent to landfills. With airlines and airports placing greater emphasis on sustainable practices, the demand for retreaded tires as an environmentally friendly alternative is growing. Retreading also helps in reducing carbon emissions from the production of new tires, aligning with broader industry goals of achieving carbon-neutral operations. As sustainability becomes an increasingly important factor in aviation operations, the tire retreading market will continue to benefit from this trend.
- Advancements in Tire Retreading Technology: Technological advancements in tire retreading processes are a key factor in the growing popularity of retreaded aircraft tires. Modern retreading technologies have improved the quality, safety, and reliability of retreaded tires, making them more viable for use in high-performance, high-stress environments like aviation. The use of advanced machinery, better-quality materials, and improved curing processes has resulted in retreaded tires that meet or exceed the standards of new tires. Retreading systems that can precisely control variables such as temperature, pressure, and curing time ensure that the retreaded tire performs at a high level, offering durability, traction, and safety. These advancements in retreading technology are making it an increasingly attractive option for airlines looking to balance cost savings with safety and performance.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Aircraft Tire Retreading Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Aircraft Tire Retreading Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Some of the customization options available based on the request are an additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
The major players in the market includes Apollo Tyres Ltd., Aviation Tires and Treads, LLC, Bridgestone Corporation, Desser Tire and Rubber Co., LLC, Dunlop Aircraft Tyres Limited, Marangoni Meccanica S.p.A., Oliver Tyre Group, SAIC, Watts Aviation
High manufacturing cost of the aircraft tire retreading hinders the market growth.
The Aircraft Tire Retreading Market is estimated to witness a CAGR of 5.4% from 2023 to 2031
The major factors driving the aircraft tire retreading market are: Rising commercial aircrafts sale drives the market growth.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Aircraft Tire Retreading Market - By Process
1.3.2 Aircraft Tire Retreading Market - By Aircraft Type
1.3.3 Aircraft Tire Retreading Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AIRCRAFT TIRE RETREADING MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat to Substitute
4.2.1 Threat to New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. AIRCRAFT TIRE RETREADING MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. AIRCRAFT TIRE RETREADING MARKET - GLOBAL MARKET ANALYSIS
6.1. AIRCRAFT TIRE RETREADING - GLOBAL MARKET OVERVIEW
6.2. AIRCRAFT TIRE RETREADING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. AIRCRAFT TIRE RETREADING MARKET - REVENUE AND FORECASTS TO 2028 - PROCESS
7.1. OVERVIEW
7.2. PROCESS MARKET FORECASTS AND ANALYSIS
7.3. PRE-CURE
7.3.1. Overview
7.3.2. Pre-Cure Market Forecast and Analysis
7.4. MOLD-CURE
7.4.1. Overview
7.4.2. Mold-Cure Market Forecast and Analysis
8. AIRCRAFT TIRE RETREADING MARKET - REVENUE AND FORECASTS TO 2028 - AIRCRAFT TYPE
8.1. OVERVIEW
8.2. AIRCRAFT TYPE MARKET FORECASTS AND ANALYSIS
8.3. COMMERCIAL
8.3.1. Overview
8.3.2. Commercial Market Forecast and Analysis
8.4. MILITARY
8.4.1. Overview
8.4.2. Military Market Forecast and Analysis
9. AIRCRAFT TIRE RETREADING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Aircraft Tire Retreading Market Overview
9.1.2 North America Aircraft Tire Retreading Market Forecasts and Analysis
9.1.3 North America Aircraft Tire Retreading Market Forecasts and Analysis - By Process
9.1.4 North America Aircraft Tire Retreading Market Forecasts and Analysis - By Aircraft Type
9.1.5 North America Aircraft Tire Retreading Market Forecasts and Analysis - By Countries
9.1.5.1 United States Aircraft Tire Retreading Market
9.1.5.1.1 United States Aircraft Tire Retreading Market by Process
9.1.5.1.2 United States Aircraft Tire Retreading Market by Aircraft Type
9.1.5.2 Canada Aircraft Tire Retreading Market
9.1.5.2.1 Canada Aircraft Tire Retreading Market by Process
9.1.5.2.2 Canada Aircraft Tire Retreading Market by Aircraft Type
9.1.5.3 Mexico Aircraft Tire Retreading Market
9.1.5.3.1 Mexico Aircraft Tire Retreading Market by Process
9.1.5.3.2 Mexico Aircraft Tire Retreading Market by Aircraft Type
9.2. EUROPE
9.2.1 Europe Aircraft Tire Retreading Market Overview
9.2.2 Europe Aircraft Tire Retreading Market Forecasts and Analysis
9.2.3 Europe Aircraft Tire Retreading Market Forecasts and Analysis - By Process
9.2.4 Europe Aircraft Tire Retreading Market Forecasts and Analysis - By Aircraft Type
9.2.5 Europe Aircraft Tire Retreading Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Aircraft Tire Retreading Market
9.2.5.1.1 Germany Aircraft Tire Retreading Market by Process
9.2.5.1.2 Germany Aircraft Tire Retreading Market by Aircraft Type
9.2.5.2 France Aircraft Tire Retreading Market
9.2.5.2.1 France Aircraft Tire Retreading Market by Process
9.2.5.2.2 France Aircraft Tire Retreading Market by Aircraft Type
9.2.5.3 Italy Aircraft Tire Retreading Market
9.2.5.3.1 Italy Aircraft Tire Retreading Market by Process
9.2.5.3.2 Italy Aircraft Tire Retreading Market by Aircraft Type
9.2.5.4 United Kingdom Aircraft Tire Retreading Market
9.2.5.4.1 United Kingdom Aircraft Tire Retreading Market by Process
9.2.5.4.2 United Kingdom Aircraft Tire Retreading Market by Aircraft Type
9.2.5.5 Russia Aircraft Tire Retreading Market
9.2.5.5.1 Russia Aircraft Tire Retreading Market by Process
9.2.5.5.2 Russia Aircraft Tire Retreading Market by Aircraft Type
9.2.5.6 Rest of Europe Aircraft Tire Retreading Market
9.2.5.6.1 Rest of Europe Aircraft Tire Retreading Market by Process
9.2.5.6.2 Rest of Europe Aircraft Tire Retreading Market by Aircraft Type
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Aircraft Tire Retreading Market Overview
9.3.2 Asia-Pacific Aircraft Tire Retreading Market Forecasts and Analysis
9.3.3 Asia-Pacific Aircraft Tire Retreading Market Forecasts and Analysis - By Process
9.3.4 Asia-Pacific Aircraft Tire Retreading Market Forecasts and Analysis - By Aircraft Type
9.3.5 Asia-Pacific Aircraft Tire Retreading Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Aircraft Tire Retreading Market
9.3.5.1.1 Australia Aircraft Tire Retreading Market by Process
9.3.5.1.2 Australia Aircraft Tire Retreading Market by Aircraft Type
9.3.5.2 China Aircraft Tire Retreading Market
9.3.5.2.1 China Aircraft Tire Retreading Market by Process
9.3.5.2.2 China Aircraft Tire Retreading Market by Aircraft Type
9.3.5.3 India Aircraft Tire Retreading Market
9.3.5.3.1 India Aircraft Tire Retreading Market by Process
9.3.5.3.2 India Aircraft Tire Retreading Market by Aircraft Type
9.3.5.4 Japan Aircraft Tire Retreading Market
9.3.5.4.1 Japan Aircraft Tire Retreading Market by Process
9.3.5.4.2 Japan Aircraft Tire Retreading Market by Aircraft Type
9.3.5.5 South Korea Aircraft Tire Retreading Market
9.3.5.5.1 South Korea Aircraft Tire Retreading Market by Process
9.3.5.5.2 South Korea Aircraft Tire Retreading Market by Aircraft Type
9.3.5.6 Rest of Asia-Pacific Aircraft Tire Retreading Market
9.3.5.6.1 Rest of Asia-Pacific Aircraft Tire Retreading Market by Process
9.3.5.6.2 Rest of Asia-Pacific Aircraft Tire Retreading Market by Aircraft Type
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Aircraft Tire Retreading Market Overview
9.4.2 Middle East and Africa Aircraft Tire Retreading Market Forecasts and Analysis
9.4.3 Middle East and Africa Aircraft Tire Retreading Market Forecasts and Analysis - By Process
9.4.4 Middle East and Africa Aircraft Tire Retreading Market Forecasts and Analysis - By Aircraft Type
9.4.5 Middle East and Africa Aircraft Tire Retreading Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Aircraft Tire Retreading Market
9.4.5.1.1 South Africa Aircraft Tire Retreading Market by Process
9.4.5.1.2 South Africa Aircraft Tire Retreading Market by Aircraft Type
9.4.5.2 Saudi Arabia Aircraft Tire Retreading Market
9.4.5.2.1 Saudi Arabia Aircraft Tire Retreading Market by Process
9.4.5.2.2 Saudi Arabia Aircraft Tire Retreading Market by Aircraft Type
9.4.5.3 U.A.E Aircraft Tire Retreading Market
9.4.5.3.1 U.A.E Aircraft Tire Retreading Market by Process
9.4.5.3.2 U.A.E Aircraft Tire Retreading Market by Aircraft Type
9.4.5.4 Rest of Middle East and Africa Aircraft Tire Retreading Market
9.4.5.4.1 Rest of Middle East and Africa Aircraft Tire Retreading Market by Process
9.4.5.4.2 Rest of Middle East and Africa Aircraft Tire Retreading Market by Aircraft Type
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Aircraft Tire Retreading Market Overview
9.5.2 South and Central America Aircraft Tire Retreading Market Forecasts and Analysis
9.5.3 South and Central America Aircraft Tire Retreading Market Forecasts and Analysis - By Process
9.5.4 South and Central America Aircraft Tire Retreading Market Forecasts and Analysis - By Aircraft Type
9.5.5 South and Central America Aircraft Tire Retreading Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Aircraft Tire Retreading Market
9.5.5.1.1 Brazil Aircraft Tire Retreading Market by Process
9.5.5.1.2 Brazil Aircraft Tire Retreading Market by Aircraft Type
9.5.5.2 Argentina Aircraft Tire Retreading Market
9.5.5.2.1 Argentina Aircraft Tire Retreading Market by Process
9.5.5.2.2 Argentina Aircraft Tire Retreading Market by Aircraft Type
9.5.5.3 Rest of South and Central America Aircraft Tire Retreading Market
9.5.5.3.1 Rest of South and Central America Aircraft Tire Retreading Market by Process
9.5.5.3.2 Rest of South and Central America Aircraft Tire Retreading Market by Aircraft Type
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. AIRCRAFT TIRE RETREADING MARKET, KEY COMPANY PROFILES
11.1. APOLLO TYRES LTD
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. AVIATION TIRES AND TREADS, LLC
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. BRIDGESTONE CORPORATION
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. DESSER TIRE AND RUBBER CO., LLC
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. DUNLOP AIRCRAFT TYRES LIMITED
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. MARANGONI MECCANICA S.P.A.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. OLIVER TYRE GROUP
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SAIC
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. WATTS AVIATION
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. WILKERSON COMPANY, INC.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.Apollo Tyres Ltd2.Aviation Tires and Treads, LLC3.Bridgestone Corporation4.Desser Tire and Rubber Co., LLC5.Dunlop Aircraft Tyres Limited6.Marangoni Meccanica S.p.A.7.Oliver Tyre Group8.SAIC9.Watts Aviation10.Wilkerson Company, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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