Americas Vibrating Screen Market to Grow at a CAGR of 7.2% to reach US$ 3,031.60 million from 2022 to 2030
The Americas vibrating screen market size is projected to grow from US$ 1,736.25 million in 2022 to US$ 3,031.60 million by 2030; it is estimated to record a CAGR of 7.2% from 2022 to 2030.
Analyst Perspective:
The Americas, especially North America, have a robust industrial base, including mining, building, manufacturing, and oil & gas industries. Americas vibrating screen market expansion needed in these sectors for material processing, separation, and sorting. North America’s topography encourages specialization and growth in the industrial sector in the region. For instance, the name Pittsburgh Steelers is inspired by the region around Pittsburgh and Lake Erie, which is rich in iron resources that support the production of steel. In South America, textile production grew and is now a regional specialty in many places which may offer opportunities for the Americas vibrating screen market growth. Industrial growth in the Mid-Atlantic states is powered by coal from Appalachia. The economic divide between North and South America is further widened by the regional specialization that is based on topographic conditions and the reliance of the southern continent on agriculture. As a result, the North American region is projected to offer promising growth opportunities for the Americas vibrating screen market.
Market Overview:
Vibrating screens vibrate with a small amplitude, keep the material stirring, and prevent binding. These screens are used in sectors that require great capacity and efficiency. Vibrations can be produced mechanically or electrically at frequencies ranging from 1,800 to 3,600 or more per minute. Mechanical vibrations are typically carried from high speeds eccentric to the casing and then to the screens, vibrating the entire assembly. Mechanically vibrating screens and electrically vibrating screens are the two types of screens available in Americas vibrating screen market.
Americas vibrating screen market size witnessing the growing demand for vibrating screen from the mining industry; they play a crucial role in extracting and processing minerals. These screens are extensively used in this sector for sorting, separating, and grading ores and minerals based on their size and composition. Americas vibrating screen market is also growing due to the rise in demand for vibrating screen from construction sites. It is used in various applications, such as separating aggregates, removing impurities, and grading materials. The agriculture sector has adopted vibrating screens for grain and crop sorting, cleaning, and grading. Vibrating screens assist in efficiently separating and cleaning grains, enhancing the quality of agricultural produce. With the growing demand for high-quality agricultural products, the adoption of vibrating screens in the agriculture sector has gained momentum which is contributing to expand the Americas vibrating screen market share.
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Americas Vibrating Screen Market: Strategic Insights
Market Size Value in US$ 1,736.25 million in 2022 Market Size Value by US$ 3,031.60 million by 2030 Growth rate CAGR of 7.2% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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Americas Vibrating Screen Market: Strategic Insights
| Market Size Value in | US$ 1,736.25 million in 2022 |
| Market Size Value by | US$ 3,031.60 million by 2030 |
| Growth rate | CAGR of 7.2% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
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Market Driver
Rapid Pace of Industrialization
The US has experienced rapid urbanization in the past. In 1790, ~5% of the US population lived in urban areas. At the end of the Civil War (1865), as the concept of industrialization began to diffuse across the continent, ~20% of the US population lived in cities. By 1920, more people lived in cities than in rural areas. Today, over 80% of people in the US live in cities. Rapid urbanization provided a stimulus for industrialization in the country. The need for vibrating screens is surging with the ongoing industrialization, coupled with the expansion of various industries. Vibrating screens are essential for ensuring the efficient and safe processing of materials. Thus, the growing industrialization is driving the Americas vibrating screen market growth.
Segmental Analysis:
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The Americas vibrating screen market is sub-segmented into Linear Vibrating Screen, Circular Vibrating Screen, and Sifter. Linear vibrating screens are designed to maintain steady vibrations, achieved by two vibratory motors installed on both sides, with the added benefit of a clamping system, which can easily clean the residues and mesh left behind in the machine. These machines are suitable for industries that need to deal with raw materials that are dry, wet, abrasive, and sticky. They can offer optimum output with precise and accurate gradations. The linear design of these machines offers relatively higher malleability and free flow of the material, thereby enabling effective screening. As a linear vibrating screen offers accurate gradation results, preserving the material from contamination ensures that the product remains in its optimum quality. The Americas vibrating screen market is witnessing a rapid trend of automation, with most of the processes being automated and longer-lasting wear parts. Automation makes maintenance and cleaning of this machine considerably easier.- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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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
Regional Analysis:
The Americas vibrating screen market growth is mainly attributed to the increasing demand for vibrating screens in the mining, construction, and aggregate industries. The mining industry in North America is one of the major end users of vibrating screens. Vibrating screens are used in the mining industry for separating ores, classifying materials, and cleaning aggregates, among other applications. The demand for mineral resources is increasing notably in the region, which is likely to be met by the existing and upcoming mining projects. For instance, the Kennecott Copper Project, owned by Rio Tinto, is a silver mine located in Utah, US, which is expected to operate until 2032. The Sierrita Mine is a silver mine located in Arizona, US, owned by Freeport-McMoRan. This brownfield project produced ~36.65 million metric ton in 2022. Thus, the growing mining industry is expected to increase the Americas vibrating screen market share.
The construction industry is another major end user of Americas vibrating screen market. In this industry, vibrating screens are used for separating aggregates, screening concrete, cleaning sand, etc. Countries in the region highly focus on infrastructure development, and several projects are ongoing in the region. California’s huge high-speed rail project is the first of its kind in the US. The 800-mile high-speed rail network has 24 stations, and with the highest speed of 220 miles per hour, the trains over this network would reach San Francisco from Los Angeles within 2 hours and 40 minutes. The aggregates industry is another major end user of vibrating screens in North America, wherein these screens are used in applications such as aggregate separation, sand screening, and gravel cleaning. The use of vibrating screens in the aggregates industry is increasing with the rising demand for aggregates in the construction industry in North America. Moreover, the use of advanced technologies such as AI in vibrating screens is driving the vibrating screen market growth.
Key Player Analysis:
The key Americas vibrating screen market players include Derrick Corporation, Deister Machine Company Inc, Elgin Power and Separation Solutions, McLanahan Corporation, Southwest Milling and Industrial Company, Terex Corporation, General Kinematics Corporation, FLSmidth, PPM Technologies Holdings LLC, and Eriez Manufacturing Co. Various other companies are also operating in the Americas vibrating screen market, and they are coming up with advanced technologies and offerings to contribute to the Americas vibrating screen market proliferation. These additional companies have been studied and analyzed during this research study to get a holistic view of the Americas vibrating screen market ecosystem.
Recent Developments:
Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the Americas vibrating screen market. A few recent developments by key Americas vibrating screen market players are listed below:
- In 2023, McLanahan Corporation set to return to Las Vegas in 2023 for CONEXPO with first-time equipment displays alongside their entire family of companies—including Eagle Iron Works, Anaconda, and RubbleCrusher (first-time exhibitor).
- In 2023, Goonvean Aggregates selected McLanahan Corporation as a partner for its new sand washing plant that comprises an UltraWASH Modular Wash Plant, UltraSAND Plant, and 10m EcoCycle High-Rate Thickener. The McLanahan plant is currently being commissioned at Goonvean’s Melbur site in Cornwall.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product Type, Driving Method, and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Brazil is anticipated to grow with the highest CAGR over the forecast period.
The US held the largest market share in 2022, followed by Argentina.
The new multi vibrating screen feature is driven at four different points, one on each side, front and back, resulting in an optimum stress distribution in the side walls.
The key players, holding majority shares, in predictive maintenance market includes Derrick Corporation; Deister Machine Company, Inc.; Elgin Power and Separation Solutions; McLanahan Corporation; Southwest Milling and Industrial Company.
The Americas vibrating screen market was estimated to be US$ 1,736.25 million in the year 2022 and is expected to grow at a CAGR of 7.2%, during the forecast period 2022 - 2030.
The Americas, especially North America, have a robust industrial base, including mining, building, manufacturing, and oil & gas industries. Vibrating screens are needed in these sectors for material processing, separation, and sorting. North America's topography encourages specialization and growth in the industrial sector in the region.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Vibrating screen Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
5. Vibrating screen Market - Key Industry Dynamics
5.1 Key Market Drivers:
5.1.1 Rapid Pace of Industrialization
5.1.2 Increase in Demand from Mining Industry
5.2 Key Market Restraints:
5.2.1 Technical Limitations Faced by Manufacturers
5.3 Key Market Opportunities:
5.3.1 Upcoming Construction Projects
5.4 Future Trends:
5.4.1 Multi-Vibrating Screen Feature
5.5 Impact of Drivers And Restraints:
6. Vibrating screen Market - Global Market Analysis
6.1 Vibrating screen Market Revenue (US$ Mn), 2021 – 2028
6.2 Vibrating screen Market Forecast And Analysis
7. Vibrating Screen Market Analysis – Product Type
7.1 Overview
7.2 Product Type Market Forecasts And Analysis
7.3 Linear Vibrating Screen
7.3.1 Overview
7.3.2 Linear Vibrating Screen Market Volume, Revenue and Forecast to 2030 (US$ Mn)
7.4 Circular Vibrating Screen
7.4.1 Overview
7.4.2 Circular Vibrating Screen: Americas Vibrating Screen Market Revenue and Forecast to 2030 (US$ Million)
7.5 Sifter
7.5.1 Overview
7.5.2 Sifter: Americas Vibrating Screen Market Revenue and Forecast to 2030 (US$ Million)
8. Americas Vibrating Screen Market Revenue Analysis - By Driving Method
8.1 Overview
8.2 Americas Vibrating Screen Market, By Driving Method (2022 and 2030)
8.3 Direct Drive
8.3.1 Overview
8.3.2 Direct Drive: Americas Vibrating Screen Market Revenue and Forecast to 2030 (US$ Million)
8.4 Indirect Drive
8.4.1 Overview
8.4.2 Indirect Drive: Americas Vibrating Screen Market Revenue and Forecast to 2030 (US$ Million)
9. Americas Vibrating Screen Market Revenue Analysis - By End-User
9.1 Overview
9.2 Americas Vibrating Screen Market, By End-User (2022 and 2030)
9.3 Food and Beverages
9.3.1 Overview
9.3.2 Food and Beverages: Americas Vibrating Screen Market Revenue and Forecast to 2030 (US$ Million)
9.4 Mining
9.4.1 Overview
9.4.2 Mining: Americas Vibrating Screen Market Revenue and Forecast to 2030 (US$ Million)
9.5 Chemical
9.5.1 Overview
9.5.2 Chemical: Americas Vibrating Screen Market Revenue and Forecast to 2030 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Americas Vibrating Screen Market Revenue and Forecast to 2030 (US$ Million)
10. Americas Vibrating Screen Market – Regional Analysis
10.1 Overview
10.2 Americas Vibrating Screen Market Revenue and Forecasts To 2030 (US$ Mn)
10.2.1 Americas Vibrating Screen Market Breakdown by Product Type
10.2.2 Americas Vibrating Screen Market Breakdown by Driving Method
10.2.3 Americas: Vibrating Screen Market, by End-User
10.2.4 Americas Vibrating Screen Market Breakdown by Country
10.2.4.1 United States Vibrating screen Market Revenue and Forecasts To 2030 (US$ Mn)
10.2.4.1.1 United States Vibrating screen Market Breakdown by Product Type
10.2.4.1.2 United States Vibrating screen Market Breakdown by Driving Method
10.2.4.1.3 United States Vibrating screen Market Breakdown by End User
10.2.4.2 Canada Vibrating screen Market Revenue and Forecasts To 2030 (US$ Mn)
10.2.4.2.1 Canada Vibrating screen Market Breakdown by Product Type
10.2.4.2.2 Canada Vibrating screen Market Breakdown by Driving Method
10.2.4.2.3 Canada Vibrating screen Market Breakdown by End User
10.2.4.3 Mexico Vibrating screen Market Revenue and Forecasts To 2030 (US$ Mn)
10.2.4.3.1 Mexico Vibrating screen Market Breakdown by Product Type
10.2.4.3.2 Mexico Vibrating screen Market Breakdown by Driving Method
10.2.4.3.3 Mexico Vibrating screen Market Breakdown by End User
10.2.4.4 Brazil Vibrating screen Market Revenue and Forecasts To 2030 (US$ Mn)
10.2.4.4.1 Brazil Vibrating screen Market Breakdown by Product Type
10.2.4.4.2 Brazil Vibrating screen Market Breakdown by Driving Method
10.2.4.4.3 Brazil Vibrating screen Market Breakdown by End User
10.2.4.5 Argentina Vibrating screen Market Revenue and Forecasts To 2030 (US$ Mn)
10.2.4.5.1 Argentina Vibrating screen Market Breakdown by Product Type
10.2.4.5.2 Argentina Vibrating screen Market Breakdown by Driving Method
10.2.4.5.3 Argentina Vibrating screen Market Breakdown by End User
10.2.4.6 Chile Vibrating screen Market Revenue and Forecasts To 2030 (US$ Mn)
10.2.4.6.1 Chile Vibrating screen Market Breakdown by Product Type
10.2.4.6.2 Chile Vibrating screen Market Breakdown by Driving Method
10.2.4.6.3 Chile Vibrating screen Market Breakdown by End User
10.2.4.7 Rest of America Vibrating screen Market Revenue and Forecasts To 2030 (US$ Mn)
10.2.4.7.1 Rest of America Vibrating screen Market Breakdown by Product Type
10.2.4.7.2 Rest of America Vibrating screen Market Breakdown by Driving Method
10.2.4.7.3 Rest of America Vibrating screen Market Breakdown by End User
11. Covid-19 Impact Analysis
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Merger and Acquisition
12.4 New Development
13. Company Profiles
13.1 Ppm Technologies Holdings LLC
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Derrick Corp
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Deister Machine Company Inc
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 TerraSource Global Corp
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 McLanahan Corp
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Southwest Milling and Industrial Co
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Terex Corp
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 General Kinematics Corp
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 FLSmidth AS
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Eriez Manufacturing Co
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About US
14.2 Glossary of Terms
List of Tables
Table 1. Vibrating screen Market Segmentation
Table 2. List of Vendors
Table 3. Vibrating screen Market Revenue And Forecasts To 2030 (US$ Mn)
Table 4. Americas Vibrating Screen Market Revenue And Forecasts To 2030 (US$ Mn) – Product Type
Table 5. Americas Vibrating Screen Market Revenue And Forecasts To 2030 (US$ Mn) – Driving Method
Table 6. Americas: Vibrating Screen Market, by End-User Revenue and Forecast to 2030 (US$ Million)
Table 7. United States Vibrating screen Market Revenue And Forecasts To 2030 (US$ Mn) – Product Type
Table 8. United States Vibrating screen Market Revenue And Forecasts To 2030 (US$ Mn) – Driving Method
Table 9. United States Vibrating screen Market Revenue And Forecasts To 2030 (US$ Mn) – End User
Table 10. Canada Vibrating screen Market Revenue And Forecasts To 2030 (US$ Mn) – Product Type
Table 11. Canada Vibrating screen Market Revenue And Forecasts To 2030 (US$ Mn) – Driving Method
Table 12. Canada Vibrating screen Market Revenue And Forecasts To 2030 (US$ Mn) – End User
Table 13. Mexico Vibrating screen Market Revenue And Forecasts To 2030 (US$ Mn) – Product Type
Table 14. Mexico Vibrating screen Market Revenue And Forecasts To 2030 (US$ Mn) – Driving Method
Table 15. Mexico Vibrating screen Market Revenue And Forecasts To 2030 (US$ Mn) – End User
Table 16. Brazil Vibrating screen Market Revenue And Forecasts To 2030 (US$ Mn) – Product Type
Table 17. Brazil Vibrating screen Market Revenue And Forecasts To 2030 (US$ Mn) – Driving Method
Table 18. Brazil Vibrating screen Market Revenue And Forecasts To 2030 (US$ Mn) – End User
Table 19. Argentina Vibrating screen Market Revenue And Forecasts To 2030 (US$ Mn) – Product Type
Table 20. Argentina Vibrating screen Market Revenue And Forecasts To 2030 (US$ Mn) – Driving Method
Table 21. Argentina Vibrating screen Market Revenue And Forecasts To 2030 (US$ Mn) – End User
Table 22. Chile Vibrating screen Market Revenue And Forecasts To 2030 (US$ Mn) – Product Type
Table 23. Chile Vibrating screen Market Revenue And Forecasts To 2030 (US$ Mn) – Driving Method
Table 24. Chile Vibrating screen Market Revenue And Forecasts To 2030 (US$ Mn) – End User
Table 25. Rest of America Vibrating screen Market Revenue And Forecasts To 2030 (US$ Mn) – Product Type
Table 26. Rest of America Vibrating screen Market Revenue And Forecasts To 2030 (US$ Mn) – Driving Method
Table 27. Rest of America Vibrating screen Market Revenue And Forecasts To 2030 (US$ Mn) – End User
Table 28. Glossary of Terms, Vibrating screen Market
List of Figures
Figure 1. Vibrating screen Market Segmentation, By Region
Figure 2. Vibrating screen Market - PEST Analysis
Figure 3. Vibrating screen Market - Key Industry Dynamics
Figure 4. Impact Analysis of Drivers And Restraints
Figure 5. Vibrating screen Market Revenue (US$ Mn), 2021 – 2028
Figure 6. Vibrating screen Market Share (%) – Product Type, (2022 and 2030)
Figure 7. Linear Vibrating Screen Market Revenue And Forecasts To 2030 (US$ Mn)
Figure 8. Circular Vibrating Screen: Americas Vibrating Screen Market Revenue and Forecast to 2030 (US$ Million)
Figure 9. Sifter: Americas Vibrating Screen Market Revenue and Forecast to 2030 (US$ Million)
Figure 10. Americas Vibrating Screen Market Revenue Share, By Driving Method (2022 and 2030)
Figure 11. Direct Drive: Americas Vibrating Screen Market Revenue and Forecast to 2030 (US$ Million)
Figure 12. Indirect Drive: Americas Vibrating Screen Market Revenue and Forecast to 2030 (US$ Million)
Figure 13. Americas Vibrating Screen Market Revenue Share, By End-User (2022 and 2030)
Figure 14. Food and Beverages: Americas Vibrating Screen Market Revenue and Forecast to 2030 (US$ Million)
Figure 15. Mining: Americas Vibrating Screen Market Revenue and Forecast to 2030 (US$ Million)
Figure 16. Chemical: Americas Vibrating Screen Market Revenue and Forecast to 2030 (US$ Million)
Figure 17. Others: Americas Vibrating Screen Market Revenue and Forecast to 2030 (US$ Million)
Figure 18. Vibrating Screen Market Breakdown By Regional Analysis, 2022 And 2030 (%)
Figure 19. Vibrating Screen Market Breakdown By Country, 2022 And 2030 ($Mn)
Figure 20. Americas Vibrating Screen Market Revenue And Forecasts To 2030 (US$ Mn)
Figure 21. Americas Vibrating Screen Market Revenue Share, By Product Type (2022 and 2030)
Figure 22. Americas Vibrating Screen Market Revenue Share, By Driving Method (2022 and 2030)
Figure 23. Americas Vibrating Screen Market Revenue Share, By End-User (2022 and 2030)
Figure 24. Americas Vibrating Screen Market Breakdown By Key Countries, 2022 And 2030 (%)
Figure 25. United States Vibrating screen Market Revenue And Forecasts To 2030 (US$ Mn)
Figure 26. Canada Vibrating screen Market Revenue And Forecasts To 2030 (US$ Mn)
Figure 27. Mexico Vibrating screen Market Revenue And Forecasts To 2030 (US$ Mn)
Figure 28. Brazil Vibrating screen Market Revenue And Forecasts To 2030 (US$ Mn)
Figure 29. Argentina Vibrating screen Market Revenue And Forecasts To 2030 (US$ Mn)
Figure 30. Chile Vibrating screen Market Revenue And Forecasts To 2030 (US$ Mn)
Figure 31. Rest of America Vibrating screen Market Revenue And Forecasts To 2030 (US$ Mn)
The List of Companies - Americas Vibrating Screen Market
- Ppm Technologies Holdings LLC
- Derrick Corp
- Deister Machine Company Inc
- TerraSource Global Corp
- McLanahan Corp
- Southwest Milling and Industrial Co
- Terex Corp
- General Kinematics Corp
- FLSmidth AS
- Eriez Manufacturing Co
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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