Amphibious Vehicles Market SWOT Analysis by 2031
Amphibious vehicles are used to provide combat support to defense during amphibious military operations and as excavators for reclamations and dredging of rivers or water bodies. The increasing utilization of these vehicles by military forces to secure the sea borders from increasing conflicts via sea coupled with the increasing water sports activities and water transportation are accelerating the amphibious vehicles market growth.
MARKET DYNAMICS
The growing demand for amphibious vehicles from militaries owing to rising conflicts, increasing commercial applications, accessibility in rough terrain, and the amphibious vehicle up-gradation program of the defense are driving the growth of the amphibious vehicles market. However, the high cost of amphibious vehicles and an increase in operational costs followed by seasonal demand and serviceability may hamper the growth of the amphibious vehicles market. Further, growing demand for amphibious excavators for dredging and excavation and a rise in the use of amphibious landing craft and development of inland waterways offer a lucrative opportunity for the market player of amphibious vehicles market.
MARKET SCOPE
The "Global Amphibious Vehicles Market Analysis to 2031" is a specialized and in-depth study of the Amphibious vehicles industry with a special focus on the global market trend analysis. The report aims to provide an overview Amphibious vehicles market with detailed market segmentation as propulsion type, application, end-user, and geography. The global amphibious vehicles market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading amphibious vehicles market players and offers key trends and opportunities in the amphibious vehicles market.
MARKET SEGMENTATION
The global amphibious vehicles market is segmented on the basis of propulsion type, application, end-user. On the basis of propulsion type the market is segmented as screw propellers, water jet, track-based, others. On the basis of application the market is segmented as surveillance and rescue, water transportation, sports/recreation, excavation, others. On the basis of end-user the market is segmented as defense, commercial.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global amphibious vehicles market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Amphibious vehicles market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting amphibious vehicles market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the amphibious vehicles market in these regions.
Have a question?
Naveen
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global amphibious vehicles market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Amphibious vehicles market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting amphibious vehicles market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the amphibious vehicles market in these regions.
MARKET PLAYERS
The reports cover key developments in the amphibious vehicles market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Amphibious vehicles market are anticipated to lucrative growth opportunities in the future with the rising demand for amphibious vehicles in the global market. Below mentioned is the list of few companies engaged in the amphibious vehicles market.
The report also includes the profiles of key amphibious vehicles companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Aquamec Ltd.
- BAE Systems plc
- EIK Engineering Sdn Bhd
- General Dynamics Corporation
- Griffon Hoverwork Ltd
- Hitachi Construction Machinery Co., Ltd.
- Lockheed Martin Corporation
- Textron Systems
- Wetland Equipment Company
- Wilco Manufacturing, L.L.C.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- 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
This text is related
to country scope.
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Amphibious Vehicles Market - By Propulsion Type
1.3.2Amphibious Vehicles Market - By Application
1.3.3Amphibious Vehicles Market - By End-user
1.3.4Amphibious Vehicles Market - By Region
1.3.4.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.AMPHIBIOUS VEHICLES MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.AMPHIBIOUS VEHICLES 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.AMPHIBIOUS VEHICLES MARKET - GLOBAL MARKET ANALYSIS
6.1.AMPHIBIOUS VEHICLES - GLOBAL MARKET OVERVIEW
6.2.AMPHIBIOUS VEHICLES - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.AMPHIBIOUS VEHICLES MARKET - REVENUE AND FORECASTS TO 2028 - PROPULSION TYPE
7.1.OVERVIEW
7.2.PROPULSION TYPE MARKET FORECASTS AND ANALYSIS
7.3.SCREW PROPELLERS
7.3.1.Overview
7.3.2.Screw Propellers Market Forecast and Analysis
7.4.WATER JET
7.4.1.Overview
7.4.2.Water Jet Market Forecast and Analysis
7.5.TRACK-BASED
7.5.1.Overview
7.5.2.Track-Based Market Forecast and Analysis
7.6.OTHERS
7.6.1.Overview
7.6.2.Others Market Forecast and Analysis
8.AMPHIBIOUS VEHICLES MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1.OVERVIEW
8.2.APPLICATION MARKET FORECASTS AND ANALYSIS
8.3.SURVEILLANCE AND RESCUE
8.3.1.Overview
8.3.2.Surveillance and Rescue Market Forecast and Analysis
8.4.WATER TRANSPORTATION
8.4.1.Overview
8.4.2.Water Transportation Market Forecast and Analysis
8.5.SPORTS/RECREATION
8.5.1.Overview
8.5.2.Sports/Recreation Market Forecast and Analysis
8.6.EXCAVATION
8.6.1.Overview
8.6.2.Excavation Market Forecast and Analysis
8.7.OTHERS
8.7.1.Overview
8.7.2.Others Market Forecast and Analysis
9.AMPHIBIOUS VEHICLES MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
9.1.OVERVIEW
9.2.END-USER MARKET FORECASTS AND ANALYSIS
9.3.DEFENSE
9.3.1.Overview
9.3.2.Defense Market Forecast and Analysis
9.4.COMMERCIAL
9.4.1.Overview
9.4.2.Commercial Market Forecast and Analysis
10.AMPHIBIOUS VEHICLES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America Amphibious Vehicles Market Overview
10.1.2North America Amphibious Vehicles Market Forecasts and Analysis
10.1.3North America Amphibious Vehicles Market Forecasts and Analysis - By Propulsion Type
10.1.4North America Amphibious Vehicles Market Forecasts and Analysis - By Application
10.1.5North America Amphibious Vehicles Market Forecasts and Analysis - By End-user
10.1.6North America Amphibious Vehicles Market Forecasts and Analysis - By Countries
10.1.6.1United States Amphibious Vehicles Market
10.1.6.1.1United States Amphibious Vehicles Market by Propulsion Type
10.1.6.1.2United States Amphibious Vehicles Market by Application
10.1.6.1.3United States Amphibious Vehicles Market by End-user
10.1.6.2Canada Amphibious Vehicles Market
10.1.6.2.1Canada Amphibious Vehicles Market by Propulsion Type
10.1.6.2.2Canada Amphibious Vehicles Market by Application
10.1.6.2.3Canada Amphibious Vehicles Market by End-user
10.1.6.3Mexico Amphibious Vehicles Market
10.1.6.3.1Mexico Amphibious Vehicles Market by Propulsion Type
10.1.6.3.2Mexico Amphibious Vehicles Market by Application
10.1.6.3.3Mexico Amphibious Vehicles Market by End-user
10.2.EUROPE
10.2.1Europe Amphibious Vehicles Market Overview
10.2.2Europe Amphibious Vehicles Market Forecasts and Analysis
10.2.3Europe Amphibious Vehicles Market Forecasts and Analysis - By Propulsion Type
10.2.4Europe Amphibious Vehicles Market Forecasts and Analysis - By Application
10.2.5Europe Amphibious Vehicles Market Forecasts and Analysis - By End-user
10.2.6Europe Amphibious Vehicles Market Forecasts and Analysis - By Countries
10.2.6.1Germany Amphibious Vehicles Market
10.2.6.1.1Germany Amphibious Vehicles Market by Propulsion Type
10.2.6.1.2Germany Amphibious Vehicles Market by Application
10.2.6.1.3Germany Amphibious Vehicles Market by End-user
10.2.6.2France Amphibious Vehicles Market
10.2.6.2.1France Amphibious Vehicles Market by Propulsion Type
10.2.6.2.2France Amphibious Vehicles Market by Application
10.2.6.2.3France Amphibious Vehicles Market by End-user
10.2.6.3Italy Amphibious Vehicles Market
10.2.6.3.1Italy Amphibious Vehicles Market by Propulsion Type
10.2.6.3.2Italy Amphibious Vehicles Market by Application
10.2.6.3.3Italy Amphibious Vehicles Market by End-user
10.2.6.4United Kingdom Amphibious Vehicles Market
10.2.6.4.1United Kingdom Amphibious Vehicles Market by Propulsion Type
10.2.6.4.2United Kingdom Amphibious Vehicles Market by Application
10.2.6.4.3United Kingdom Amphibious Vehicles Market by End-user
10.2.6.5Russia Amphibious Vehicles Market
10.2.6.5.1Russia Amphibious Vehicles Market by Propulsion Type
10.2.6.5.2Russia Amphibious Vehicles Market by Application
10.2.6.5.3Russia Amphibious Vehicles Market by End-user
10.2.6.6Rest of Europe Amphibious Vehicles Market
10.2.6.6.1Rest of Europe Amphibious Vehicles Market by Propulsion Type
10.2.6.6.2Rest of Europe Amphibious Vehicles Market by Application
10.2.6.6.3Rest of Europe Amphibious Vehicles Market by End-user
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific Amphibious Vehicles Market Overview
10.3.2Asia-Pacific Amphibious Vehicles Market Forecasts and Analysis
10.3.3Asia-Pacific Amphibious Vehicles Market Forecasts and Analysis - By Propulsion Type
10.3.4Asia-Pacific Amphibious Vehicles Market Forecasts and Analysis - By Application
10.3.5Asia-Pacific Amphibious Vehicles Market Forecasts and Analysis - By End-user
10.3.6Asia-Pacific Amphibious Vehicles Market Forecasts and Analysis - By Countries
10.3.6.1Australia Amphibious Vehicles Market
10.3.6.1.1Australia Amphibious Vehicles Market by Propulsion Type
10.3.6.1.2Australia Amphibious Vehicles Market by Application
10.3.6.1.3Australia Amphibious Vehicles Market by End-user
10.3.6.2China Amphibious Vehicles Market
10.3.6.2.1China Amphibious Vehicles Market by Propulsion Type
10.3.6.2.2China Amphibious Vehicles Market by Application
10.3.6.2.3China Amphibious Vehicles Market by End-user
10.3.6.3India Amphibious Vehicles Market
10.3.6.3.1India Amphibious Vehicles Market by Propulsion Type
10.3.6.3.2India Amphibious Vehicles Market by Application
10.3.6.3.3India Amphibious Vehicles Market by End-user
10.3.6.4Japan Amphibious Vehicles Market
10.3.6.4.1Japan Amphibious Vehicles Market by Propulsion Type
10.3.6.4.2Japan Amphibious Vehicles Market by Application
10.3.6.4.3Japan Amphibious Vehicles Market by End-user
10.3.6.5South Korea Amphibious Vehicles Market
10.3.6.5.1South Korea Amphibious Vehicles Market by Propulsion Type
10.3.6.5.2South Korea Amphibious Vehicles Market by Application
10.3.6.5.3South Korea Amphibious Vehicles Market by End-user
10.3.6.6Rest of Asia-Pacific Amphibious Vehicles Market
10.3.6.6.1Rest of Asia-Pacific Amphibious Vehicles Market by Propulsion Type
10.3.6.6.2Rest of Asia-Pacific Amphibious Vehicles Market by Application
10.3.6.6.3Rest of Asia-Pacific Amphibious Vehicles Market by End-user
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa Amphibious Vehicles Market Overview
10.4.2Middle East and Africa Amphibious Vehicles Market Forecasts and Analysis
10.4.3Middle East and Africa Amphibious Vehicles Market Forecasts and Analysis - By Propulsion Type
10.4.4Middle East and Africa Amphibious Vehicles Market Forecasts and Analysis - By Application
10.4.5Middle East and Africa Amphibious Vehicles Market Forecasts and Analysis - By End-user
10.4.6Middle East and Africa Amphibious Vehicles Market Forecasts and Analysis - By Countries
10.4.6.1South Africa Amphibious Vehicles Market
10.4.6.1.1South Africa Amphibious Vehicles Market by Propulsion Type
10.4.6.1.2South Africa Amphibious Vehicles Market by Application
10.4.6.1.3South Africa Amphibious Vehicles Market by End-user
10.4.6.2Saudi Arabia Amphibious Vehicles Market
10.4.6.2.1Saudi Arabia Amphibious Vehicles Market by Propulsion Type
10.4.6.2.2Saudi Arabia Amphibious Vehicles Market by Application
10.4.6.2.3Saudi Arabia Amphibious Vehicles Market by End-user
10.4.6.3U.A.E Amphibious Vehicles Market
10.4.6.3.1U.A.E Amphibious Vehicles Market by Propulsion Type
10.4.6.3.2U.A.E Amphibious Vehicles Market by Application
10.4.6.3.3U.A.E Amphibious Vehicles Market by End-user
10.4.6.4Rest of Middle East and Africa Amphibious Vehicles Market
10.4.6.4.1Rest of Middle East and Africa Amphibious Vehicles Market by Propulsion Type
10.4.6.4.2Rest of Middle East and Africa Amphibious Vehicles Market by Application
10.4.6.4.3Rest of Middle East and Africa Amphibious Vehicles Market by End-user
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America Amphibious Vehicles Market Overview
10.5.2South and Central America Amphibious Vehicles Market Forecasts and Analysis
10.5.3South and Central America Amphibious Vehicles Market Forecasts and Analysis - By Propulsion Type
10.5.4South and Central America Amphibious Vehicles Market Forecasts and Analysis - By Application
10.5.5South and Central America Amphibious Vehicles Market Forecasts and Analysis - By End-user
10.5.6South and Central America Amphibious Vehicles Market Forecasts and Analysis - By Countries
10.5.6.1Brazil Amphibious Vehicles Market
10.5.6.1.1Brazil Amphibious Vehicles Market by Propulsion Type
10.5.6.1.2Brazil Amphibious Vehicles Market by Application
10.5.6.1.3Brazil Amphibious Vehicles Market by End-user
10.5.6.2Argentina Amphibious Vehicles Market
10.5.6.2.1Argentina Amphibious Vehicles Market by Propulsion Type
10.5.6.2.2Argentina Amphibious Vehicles Market by Application
10.5.6.2.3Argentina Amphibious Vehicles Market by End-user
10.5.6.3Rest of South and Central America Amphibious Vehicles Market
10.5.6.3.1Rest of South and Central America Amphibious Vehicles Market by Propulsion Type
10.5.6.3.2Rest of South and Central America Amphibious Vehicles Market by Application
10.5.6.3.3Rest of South and Central America Amphibious Vehicles Market by End-user
11.INDUSTRY LANDSCAPE
11.1.MERGERS AND ACQUISITIONS
11.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3.NEW PRODUCT LAUNCHES
11.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12.AMPHIBIOUS VEHICLES MARKET, KEY COMPANY PROFILES
12.1.AQUAMEC LTD.
12.1.1.Key Facts
12.1.2.Business Description
12.1.3.Products and Services
12.1.4.Financial Overview
12.1.5.SWOT Analysis
12.1.6.Key Developments
12.2.BAE SYSTEMS PLC
12.2.1.Key Facts
12.2.2.Business Description
12.2.3.Products and Services
12.2.4.Financial Overview
12.2.5.SWOT Analysis
12.2.6.Key Developments
12.3.EIK ENGINEERING SDN BHD
12.3.1.Key Facts
12.3.2.Business Description
12.3.3.Products and Services
12.3.4.Financial Overview
12.3.5.SWOT Analysis
12.3.6.Key Developments
12.4.GENERAL DYNAMICS CORPORATION
12.4.1.Key Facts
12.4.2.Business Description
12.4.3.Products and Services
12.4.4.Financial Overview
12.4.5.SWOT Analysis
12.4.6.Key Developments
12.5.GRIFFON HOVERWORK LTD
12.5.1.Key Facts
12.5.2.Business Description
12.5.3.Products and Services
12.5.4.Financial Overview
12.5.5.SWOT Analysis
12.5.6.Key Developments
12.6.HITACHI CONSTRUCTION MACHINERY CO., LTD.
12.6.1.Key Facts
12.6.2.Business Description
12.6.3.Products and Services
12.6.4.Financial Overview
12.6.5.SWOT Analysis
12.6.6.Key Developments
12.7.LOCKHEED MARTIN CORPORATION
12.7.1.Key Facts
12.7.2.Business Description
12.7.3.Products and Services
12.7.4.Financial Overview
12.7.5.SWOT Analysis
12.7.6.Key Developments
12.8.TEXTRON SYSTEMS
12.8.1.Key Facts
12.8.2.Business Description
12.8.3.Products and Services
12.8.4.Financial Overview
12.8.5.SWOT Analysis
12.8.6.Key Developments
12.9.WETLAND EQUIPMENT COMPANY
12.9.1.Key Facts
12.9.2.Business Description
12.9.3.Products and Services
12.9.4.Financial Overview
12.9.5.SWOT Analysis
12.9.6.Key Developments
12.10.WILCO MANUFACTURING, L.L.C.
12.10.1.Key Facts
12.10.2.Business Description
12.10.3.Products and Services
12.10.4.Financial Overview
12.10.5.SWOT Analysis
12.10.6.Key Developments
13.APPENDIX
13.1.ABOUT THE INSIGHT PARTNERS
13.2.GLOSSARY OF TERMS
1. Aquamec Ltd.
2. BAE Systems plc
3. EIK Engineering Sdn Bhd
4. General Dynamics Corporation
5. Griffon Hoverwork Ltd
6. Hitachi Construction Machinery Co., Ltd.
7. Lockheed Martin Corporation
8. Textron Systems
9. Wetland Equipment Company
10. Wilco Manufacturing, L.L.C.
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.
Get Free Sample For