Airport Tugs Market Opportunities, Forecast, Size, and Analysis by 2031

Coverage: Airport Tugs Market covers analysis By Product (Conventional/Towbars, Towbarless); Application (Civil, Military) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00024200
  • Category : Aerospace and Defense
  • No. of Pages : 150
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Airport Tugs Market 2021-2031: Share and Forecast

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The Airport Tugs Market is expected to register a CAGR of 6.5% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.

The report is segmented by Product (Conventional/Towbars, Towbarless). The report further presents analysis based on the Application (Civil, Military). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.

Purpose of the Report

The report Airport Tugs 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.

Airport Tugs Market Segmentation

Product
  • Conventional/Towbars
  • Towbarless
Application
  • Civil
  • Military

Strategic Insights

Airport Tugs Market Growth Drivers
  • Growth in Air Traffic and Airport Expansion: As global air traffic continues to rise, the demand for efficient ground handling operations at airports is increasing. To accommodate this growth, airports are expanding their infrastructure and upgrading ground support equipment, including airport tugs. These tugs are essential for transporting aircraft between gates, runways, and maintenance areas, ensuring smooth operations and minimizing delays. The ongoing expansion of airports and the increasing frequency of flights are driving the demand for more advanced and reliable tugs, thereby fueling market growth.
  • Advancements in Electric and Hybrid Tug Technology: Technological advancements in electric and hybrid propulsion systems are reshaping the airport tugs market. Electric and hybrid tugs offer significant advantages over traditional diesel-powered tugs, including reduced emissions, lower operational costs, and enhanced environmental sustainability. As airports increasingly prioritize sustainability and adhere to stricter environmental regulations, there is a growing preference for electric and hybrid airport tugs. This shift towards greener alternatives is a key driver of the market, as more airports invest in eco-friendly tug solutions to meet carbon reduction targets and improve operational efficiency.
  • Need for Efficient Ground Handling and Aircraft Turnaround Times: Efficient aircraft turnaround times are critical for airlines to maintain schedules and reduce operational costs. Airport tugs play a vital role in this process, as they are responsible for towing aircraft quickly and safely to and from gates, ensuring that airlines meet tight turnaround times. The growing emphasis on improving ground handling efficiency, reducing turnaround time, and enhancing overall airport operations is driving the demand for high-performance airport tugs. Airports and airlines alike are investing in more advanced tugs to streamline ground operations and improve time management, further fueling market growth
Airport Tugs Market Future Trends
  • Shift Towards Autonomous and Automated Tugs: One of the prominent trends in the airport tugs market is the shift toward autonomous and automated tugs. With advancements in robotics, AI, and sensor technologies, automated tugs are being developed to reduce the need for human operators, increase operational efficiency, and minimize the risk of accidents. Autonomous tugs can communicate with other airport systems, including air traffic control, to optimize aircraft movement. This trend is particularly appealing for airports aiming to enhance safety, reduce labor costs, and increase the throughput of aircraft handling operations without compromising on precision or safety.
  • Rising Adoption of Multi-Function Tugs: Airport tugs are evolving from single-purpose machines to versatile, multi-functional vehicles capable of performing various tasks beyond just towing aircraft. These advanced tugs can be equipped with specialized attachments to perform functions such as cargo handling, refueling, and maintenance. Multi-functional tugs not only optimize ground operations but also reduce the number of vehicles needed at the airport, leading to cost savings and enhanced space utilization. This trend towards more adaptable and multifunctional airport tugs is helping airports increase operational flexibility and reduce overall fleet costs.
  • Focus on Safety and Ergonomics in Tug Design: As airport ground handling becomes more complex and safety regulations tighten, there is an increasing trend toward designing airport tugs with enhanced safety features and ergonomic considerations. Innovations in tug design are focusing on improving operator safety, reducing physical strain, and minimizing the risk of accidents during aircraft towing. Features like advanced braking systems, anti-collision sensors, and better visibility for operators are becoming standard. Ergonomic controls, user-friendly interfaces, and automated systems are also being integrated to make the tug operation smoother, enhancing both safety and operator comfort. This trend reflects a broader focus on improving the overall working environment at airports
Airport Tugs Market Opportunities
  • Expansion in Emerging Markets: As air travel continues to grow in emerging markets, particularly in Asia-Pacific, the Middle East, and Latin America, there is significant opportunity for the airport tugs market. With the expansion of airport infrastructure and the construction of new terminals, these regions represent a rapidly growing demand for ground support equipment, including airport tugs. These regions’ investments in modernizing airports and increasing their capacity present a lucrative opportunity for manufacturers to supply advanced tug solutions tailored to meet the unique requirements of developing airports.
  • Growth in Airport Privatization and Public-Private Partnerships: Many airports around the world are being privatized, or entering into public-private partnerships (PPPs) to improve operational efficiency and drive infrastructure investments. As a result, there is a growing demand for high-quality ground support equipment, including airport tugs, to ensure smooth operations. Privatized airports often prioritize modernization and the adoption of the latest technologies, including autonomous or electric tugs, creating opportunities for companies to provide cutting-edge solutions. The increased focus on efficiency, safety, and sustainability in these partnerships presents significant growth prospects for the market.
  • Investment in Green Infrastructure and Sustainability Initiatives: With the aviation industry focusing on reducing its carbon footprint and implementing sustainability initiatives, the demand for electric and hybrid airport tugs is expected to rise. Airports are increasingly investing in green infrastructure, including electric vehicle charging stations and low-emission ground support equipment, to reduce their environmental impact. This trend towards sustainability offers a significant opportunity for manufacturers of eco-friendly tugs to cater to airports seeking to meet regulatory requirements and corporate social responsibility goals. The development of green tugs that support the decarbonization of airport ground operations will be a key growth area in the market

Market Report Scope

Key Selling Points

  • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Airport Tugs 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 Airport Tugs 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.

REGIONAL FRAMEWORK
World Geography

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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

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to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

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to country scope.

Frequently Asked Questions


What are the options available for the customization of this report?

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.

What are the deliverable formats of the Airport Tugs Market report?

The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.

Which are the leading players operating in the Airport Tugs Market

The leading players operating in the Airport Tugs Market include TLD Group SAS, Kalmar Motor AB, JBT Corporation, Textron GSE, TREPEL Aircraft Equipment GmbH, Tronair Inc., Mototok International GmbH, Airtug LLC, Goldhofer AG, Tinka Resources Limited

What is the future trend of the Airport Tugs Market?

Rise in Adoption of Automation in Airport Operations and Safety and Operational Efficiency are the key future trends of the Airport Tugs Market

What is the expected CAGR of the Airport Tugs Market?

The Airport Tugs Market is estimated to witness a CAGR of 6.5% from 2023 to 2031

What are the driving factors impacting the global Airport Tugs Market?

The major factors driving the Airport Tugs Market are: Increasing Air Traffic and Airport Expansions and Technological Innovations in Ground Support Equipment

TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Airport Tugs Market - By Product
1.3.2 Airport Tugs Market - By Application
1.3.3 Airport Tugs Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. AIRPORT TUGS 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 of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS

5. AIRPORT TUGS 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 AND RESTRAINTS

6. AIRPORT TUGS MARKET - GLOBAL MARKET ANALYSIS
6.1. AIRPORT TUGS - GLOBAL MARKET OVERVIEW
6.2. AIRPORT TUGS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. AIRPORT TUGS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. CONVENTIONAL/TOWBARS
7.3.1. Overview
7.3.2. Conventional/Towbars Market Forecast and Analysis
7.4. TOWBARLESS
7.4.1. Overview
7.4.2. Towbarless Market Forecast and Analysis
8. AIRPORT TUGS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. CIVIL
8.3.1. Overview
8.3.2. Civil Market Forecast and Analysis
8.4. MILITARY
8.4.1. Overview
8.4.2. Military Market Forecast and Analysis

9. AIRPORT TUGS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Airport Tugs Market Overview
9.1.2 North America Airport Tugs Market Forecasts and Analysis
9.1.3 North America Airport Tugs Market Forecasts and Analysis - By Product
9.1.4 North America Airport Tugs Market Forecasts and Analysis - By Application
9.1.5 North America Airport Tugs Market Forecasts and Analysis - By Countries
9.1.5.1 United States Airport Tugs Market
9.1.5.1.1 United States Airport Tugs Market by Product
9.1.5.1.2 United States Airport Tugs Market by Application
9.1.5.2 Canada Airport Tugs Market
9.1.5.2.1 Canada Airport Tugs Market by Product
9.1.5.2.2 Canada Airport Tugs Market by Application
9.1.5.3 Mexico Airport Tugs Market
9.1.5.3.1 Mexico Airport Tugs Market by Product
9.1.5.3.2 Mexico Airport Tugs Market by Application
9.2. EUROPE
9.2.1 Europe Airport Tugs Market Overview
9.2.2 Europe Airport Tugs Market Forecasts and Analysis
9.2.3 Europe Airport Tugs Market Forecasts and Analysis - By Product
9.2.4 Europe Airport Tugs Market Forecasts and Analysis - By Application
9.2.5 Europe Airport Tugs Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Airport Tugs Market
9.2.5.1.1 Germany Airport Tugs Market by Product
9.2.5.1.2 Germany Airport Tugs Market by Application
9.2.5.2 France Airport Tugs Market
9.2.5.2.1 France Airport Tugs Market by Product
9.2.5.2.2 France Airport Tugs Market by Application
9.2.5.3 Italy Airport Tugs Market
9.2.5.3.1 Italy Airport Tugs Market by Product
9.2.5.3.2 Italy Airport Tugs Market by Application
9.2.5.4 United Kingdom Airport Tugs Market
9.2.5.4.1 United Kingdom Airport Tugs Market by Product
9.2.5.4.2 United Kingdom Airport Tugs Market by Application
9.2.5.5 Russia Airport Tugs Market
9.2.5.5.1 Russia Airport Tugs Market by Product
9.2.5.5.2 Russia Airport Tugs Market by Application
9.2.5.6 Rest of Europe Airport Tugs Market
9.2.5.6.1 Rest of Europe Airport Tugs Market by Product
9.2.5.6.2 Rest of Europe Airport Tugs Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Airport Tugs Market Overview
9.3.2 Asia-Pacific Airport Tugs Market Forecasts and Analysis
9.3.3 Asia-Pacific Airport Tugs Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Airport Tugs Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Airport Tugs Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Airport Tugs Market
9.3.5.1.1 Australia Airport Tugs Market by Product
9.3.5.1.2 Australia Airport Tugs Market by Application
9.3.5.2 China Airport Tugs Market
9.3.5.2.1 China Airport Tugs Market by Product
9.3.5.2.2 China Airport Tugs Market by Application
9.3.5.3 India Airport Tugs Market
9.3.5.3.1 India Airport Tugs Market by Product
9.3.5.3.2 India Airport Tugs Market by Application
9.3.5.4 Japan Airport Tugs Market
9.3.5.4.1 Japan Airport Tugs Market by Product
9.3.5.4.2 Japan Airport Tugs Market by Application
9.3.5.5 South Korea Airport Tugs Market
9.3.5.5.1 South Korea Airport Tugs Market by Product
9.3.5.5.2 South Korea Airport Tugs Market by Application
9.3.5.6 Rest of Asia-Pacific Airport Tugs Market
9.3.5.6.1 Rest of Asia-Pacific Airport Tugs Market by Product
9.3.5.6.2 Rest of Asia-Pacific Airport Tugs Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Airport Tugs Market Overview
9.4.2 Middle East and Africa Airport Tugs Market Forecasts and Analysis
9.4.3 Middle East and Africa Airport Tugs Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Airport Tugs Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Airport Tugs Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Airport Tugs Market
9.4.5.1.1 South Africa Airport Tugs Market by Product
9.4.5.1.2 South Africa Airport Tugs Market by Application
9.4.5.2 Saudi Arabia Airport Tugs Market
9.4.5.2.1 Saudi Arabia Airport Tugs Market by Product
9.4.5.2.2 Saudi Arabia Airport Tugs Market by Application
9.4.5.3 U.A.E Airport Tugs Market
9.4.5.3.1 U.A.E Airport Tugs Market by Product
9.4.5.3.2 U.A.E Airport Tugs Market by Application
9.4.5.4 Rest of Middle East and Africa Airport Tugs Market
9.4.5.4.1 Rest of Middle East and Africa Airport Tugs Market by Product
9.4.5.4.2 Rest of Middle East and Africa Airport Tugs Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Airport Tugs Market Overview
9.5.2 South and Central America Airport Tugs Market Forecasts and Analysis
9.5.3 South and Central America Airport Tugs Market Forecasts and Analysis - By Product
9.5.4 South and Central America Airport Tugs Market Forecasts and Analysis - By Application
9.5.5 South and Central America Airport Tugs Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Airport Tugs Market
9.5.5.1.1 Brazil Airport Tugs Market by Product
9.5.5.1.2 Brazil Airport Tugs Market by Application
9.5.5.2 Argentina Airport Tugs Market
9.5.5.2.1 Argentina Airport Tugs Market by Product
9.5.5.2.2 Argentina Airport Tugs Market by Application
9.5.5.3 Rest of South and Central America Airport Tugs Market
9.5.5.3.1 Rest of South and Central America Airport Tugs Market by Product
9.5.5.3.2 Rest of South and Central America Airport Tugs Market by Application

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. AIRPORT TUGS MARKET, KEY COMPANY PROFILES
11.1. TEXTRON GSE
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. DJ PRODUCTS (LINDBERGH AIRCRAFT TUG)
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. TRONAIR
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. TREPEL AIRPORT EQUIPMENT
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. TLD GROUP
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. LEKTRO
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. AIRTUG LLC
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. KALMAR MOTOR
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. MULAG FAHRZEUGWERK
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. JBT CORPORATION
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
The List of Companies

1. Textron GSE
2. DJ Products (Lindbergh Aircraft Tug)
3. Tronair
4. Trepel Airport Equipment
5. TLD Group
6. LEKTRO
7. Airtug LLC
8. Kalmar Motor
9. MULAG Fahrzeugwerk
10. JBT Corporation

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

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