Art Supplies Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Art Supplies Market covers analysis By Product Type (Paints, Drawing Paper/Pads, Pencils, Pens, Highlighters, Brushes, Erasers, And Colors); End User (Home, Commercial, Education, And Independent Professionals); Distribution Channel (Online, Offline) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00028440
  • Category : Consumer Goods
  • No. of Pages : 150
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Art Supplies Market Updates by 2031

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MARKET INTRODUCTION
Any substance or equipment that can be utilised to create works of art is considered an art supply. From the most basic instruments, such as pencils and paper, to more complex equipment and materials, such as digital drawing tablets and software, art supplies come in many shapes and sizes. Growing demand for arts and crafts products among millennials, as well as rising spending in education around the world, will fuel growth..

MARKET DYNAMICS
The popularity of Art supplies market is due to the growth in DIY trends, innovation in creativity, showcasing one's creativity on different social media platforms. Moreover, Art supplies market are focusing on using natural and recyclable material for the manufacturing of art products like pens, pencils, markers etc., which has further increased the demand of them by consumers. Low entry barriers and high demand for art supplies have also led to the success of this market.

MARKET SCOPE
The "Global Art Supplies Market Analysis to 2031" is a specialized and in-depth study of the consumer goods industry with a special focus on the global market trend analysis. The report aims to provide an overview of the art supplies market with detailed market segmentation by product type, end user and distribution channel. The global art supplies market is expected to witness notable growth during the forecast period. The report provides key statistics on the market status of the leading art supplies market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION
The global art supplies market is segmented on the basis of product type, end user and distribution channel. Based on product type, the global art supplies market is segmented into paints, drawing paper/pads, pencils, pens, highlighters, brushes, erasers, and color. Additionally based on end user, market is segmented into home, commercial, education, and independent professionals. Based on distribution channel the market is bifurcated into online and offline.

REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global art supplies market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South & Central America. The art supplies market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the art supplies market from both demand and supply side and further evaluates market dynamics affecting 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 affecting the art supplies market in these regions.

World Geography

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MARKET PLAYERS

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global art supplies market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South & Central America. The art supplies market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the art supplies market from both demand and supply side and further evaluates market dynamics affecting 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 affecting the art supplies market in these regions.

MARKET PLAYERS
The reports cover key developments in the art supplies 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 the expansion of business and customer base of market players. The market payers from art supplies market are anticipated to lucrative growth opportunities in the future with the rising demand for art supplies in the global market. Below mentioned is the list of few companies engaged in the art supplies market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the art supplies market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

  •  Faber-Castell
  •  Crayola
  •  Maped
  •  Pacon
  •  Pilot
  •  Newell Brands
  •  STAEDTLER Mars GmbH and Co. KG
  •  Mitsubishi Pencils
  •  Pelikan
  •  Hindustan Pencils Pvt. Ltd.
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
Report Coverage

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

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

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

Country Scope
Country Scope

This text is related
to country scope.

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 Art Supplies Market - By Product Type
1.3.2 Art Supplies Market - By End User
1.3.3 Art Supplies Market - By Distribution Channel
1.3.4 Art Supplies Market - By Region
1.3.4.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. ART SUPPLIES 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. EXPERT OPINIONS

5. ART SUPPLIES 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. ART SUPPLIES MARKET - GLOBAL MARKET ANALYSIS
6.1. ART SUPPLIES - GLOBAL MARKET OVERVIEW
6.2. ART SUPPLIES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. ART SUPPLIES MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. PAINTS
7.3.1. Overview
7.3.2. Paints Market Forecast and Analysis
7.4. DRAWING PAPER/PADS
7.4.1. Overview
7.4.2. Drawing Paper/Pads Market Forecast and Analysis
7.5. PENCILS
7.5.1. Overview
7.5.2. Pencils Market Forecast and Analysis
7.6. PENS
7.6.1. Overview
7.6.2. Pens Market Forecast and Analysis
7.7. HIGHLIGHTERS
7.7.1. Overview
7.7.2. Highlighters Market Forecast and Analysis
7.8. BRUSHES
7.8.1. Overview
7.8.2. Brushes Market Forecast and Analysis
7.9. ERASERS
7.9.1. Overview
7.9.2. Erasers Market Forecast and Analysis
7.10. AND COLORS
7.10.1. Overview
7.10.2. and Colors Market Forecast and Analysis
8. ART SUPPLIES MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. HOME
8.3.1. Overview
8.3.2. Home Market Forecast and Analysis
8.4. COMMERCIAL
8.4.1. Overview
8.4.2. Commercial Market Forecast and Analysis
8.5. EDUCATION
8.5.1. Overview
8.5.2. Education Market Forecast and Analysis
8.6. AND INDEPENDENT PROFESSIONALS
8.6.1. Overview
8.6.2. and Independent Professionals Market Forecast and Analysis
9. ART SUPPLIES MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
9.1. OVERVIEW
9.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
9.3. ONLINE
9.3.1. Overview
9.3.2. Online Market Forecast and Analysis
9.4. OFFLINE
9.4.1. Overview
9.4.2. Offline Market Forecast and Analysis

10. ART SUPPLIES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Art Supplies Market Overview
10.1.2 North America Art Supplies Market Forecasts and Analysis
10.1.3 North America Art Supplies Market Forecasts and Analysis - By Product Type
10.1.4 North America Art Supplies Market Forecasts and Analysis - By End User
10.1.5 North America Art Supplies Market Forecasts and Analysis - By Distribution Channel
10.1.6 North America Art Supplies Market Forecasts and Analysis - By Countries
10.1.6.1 Canada Art Supplies Market
10.1.6.1.1 Canada Art Supplies Market by Product Type
10.1.6.1.2 Canada Art Supplies Market by End User
10.1.6.1.3 Canada Art Supplies Market by Distribution Channel
10.1.6.2 Mexico Art Supplies Market
10.1.6.2.1 Mexico Art Supplies Market by Product Type
10.1.6.2.2 Mexico Art Supplies Market by End User
10.1.6.2.3 Mexico Art Supplies Market by Distribution Channel
10.1.6.3 US Art Supplies Market
10.1.6.3.1 US Art Supplies Market by Product Type
10.1.6.3.2 US Art Supplies Market by End User
10.1.6.3.3 US Art Supplies Market by Distribution Channel
10.2. EUROPE
10.2.1 Europe Art Supplies Market Overview
10.2.2 Europe Art Supplies Market Forecasts and Analysis
10.2.3 Europe Art Supplies Market Forecasts and Analysis - By Product Type
10.2.4 Europe Art Supplies Market Forecasts and Analysis - By End User
10.2.5 Europe Art Supplies Market Forecasts and Analysis - By Distribution Channel
10.2.6 Europe Art Supplies Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Art Supplies Market
10.2.6.1.1 Germany Art Supplies Market by Product Type
10.2.6.1.2 Germany Art Supplies Market by End User
10.2.6.1.3 Germany Art Supplies Market by Distribution Channel
10.2.6.2 France Art Supplies Market
10.2.6.2.1 France Art Supplies Market by Product Type
10.2.6.2.2 France Art Supplies Market by End User
10.2.6.2.3 France Art Supplies Market by Distribution Channel
10.2.6.3 Italy Art Supplies Market
10.2.6.3.1 Italy Art Supplies Market by Product Type
10.2.6.3.2 Italy Art Supplies Market by End User
10.2.6.3.3 Italy Art Supplies Market by Distribution Channel
10.2.6.4 United Kingdom Art Supplies Market
10.2.6.4.1 United Kingdom Art Supplies Market by Product Type
10.2.6.4.2 United Kingdom Art Supplies Market by End User
10.2.6.4.3 United Kingdom Art Supplies Market by Distribution Channel
10.2.6.5 Russia Art Supplies Market
10.2.6.5.1 Russia Art Supplies Market by Product Type
10.2.6.5.2 Russia Art Supplies Market by End User
10.2.6.5.3 Russia Art Supplies Market by Distribution Channel
10.2.6.6 Rest of Europe Art Supplies Market
10.2.6.6.1 Rest of Europe Art Supplies Market by Product Type
10.2.6.6.2 Rest of Europe Art Supplies Market by End User
10.2.6.6.3 Rest of Europe Art Supplies Market by Distribution Channel
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Art Supplies Market Overview
10.3.2 Asia-Pacific Art Supplies Market Forecasts and Analysis
10.3.3 Asia-Pacific Art Supplies Market Forecasts and Analysis - By Product Type
10.3.4 Asia-Pacific Art Supplies Market Forecasts and Analysis - By End User
10.3.5 Asia-Pacific Art Supplies Market Forecasts and Analysis - By Distribution Channel
10.3.6 Asia-Pacific Art Supplies Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Art Supplies Market
10.3.6.1.1 Australia Art Supplies Market by Product Type
10.3.6.1.2 Australia Art Supplies Market by End User
10.3.6.1.3 Australia Art Supplies Market by Distribution Channel
10.3.6.2 China Art Supplies Market
10.3.6.2.1 China Art Supplies Market by Product Type
10.3.6.2.2 China Art Supplies Market by End User
10.3.6.2.3 China Art Supplies Market by Distribution Channel
10.3.6.3 India Art Supplies Market
10.3.6.3.1 India Art Supplies Market by Product Type
10.3.6.3.2 India Art Supplies Market by End User
10.3.6.3.3 India Art Supplies Market by Distribution Channel
10.3.6.4 Japan Art Supplies Market
10.3.6.4.1 Japan Art Supplies Market by Product Type
10.3.6.4.2 Japan Art Supplies Market by End User
10.3.6.4.3 Japan Art Supplies Market by Distribution Channel
10.3.6.5 South Korea Art Supplies Market
10.3.6.5.1 South Korea Art Supplies Market by Product Type
10.3.6.5.2 South Korea Art Supplies Market by End User
10.3.6.5.3 South Korea Art Supplies Market by Distribution Channel
10.3.6.6 Rest of Asia-Pacific Art Supplies Market
10.3.6.6.1 Rest of Asia-Pacific Art Supplies Market by Product Type
10.3.6.6.2 Rest of Asia-Pacific Art Supplies Market by End User
10.3.6.6.3 Rest of Asia-Pacific Art Supplies Market by Distribution Channel
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Art Supplies Market Overview
10.4.2 Middle East and Africa Art Supplies Market Forecasts and Analysis
10.4.3 Middle East and Africa Art Supplies Market Forecasts and Analysis - By Product Type
10.4.4 Middle East and Africa Art Supplies Market Forecasts and Analysis - By End User
10.4.5 Middle East and Africa Art Supplies Market Forecasts and Analysis - By Distribution Channel
10.4.6 Middle East and Africa Art Supplies Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Art Supplies Market
10.4.6.1.1 South Africa Art Supplies Market by Product Type
10.4.6.1.2 South Africa Art Supplies Market by End User
10.4.6.1.3 South Africa Art Supplies Market by Distribution Channel
10.4.6.2 Saudi Arabia Art Supplies Market
10.4.6.2.1 Saudi Arabia Art Supplies Market by Product Type
10.4.6.2.2 Saudi Arabia Art Supplies Market by End User
10.4.6.2.3 Saudi Arabia Art Supplies Market by Distribution Channel
10.4.6.3 U.A.E Art Supplies Market
10.4.6.3.1 U.A.E Art Supplies Market by Product Type
10.4.6.3.2 U.A.E Art Supplies Market by End User
10.4.6.3.3 U.A.E Art Supplies Market by Distribution Channel
10.4.6.4 Rest of Middle East and Africa Art Supplies Market
10.4.6.4.1 Rest of Middle East and Africa Art Supplies Market by Product Type
10.4.6.4.2 Rest of Middle East and Africa Art Supplies Market by End User
10.4.6.4.3 Rest of Middle East and Africa Art Supplies Market by Distribution Channel
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Art Supplies Market Overview
10.5.2 South and Central America Art Supplies Market Forecasts and Analysis
10.5.3 South and Central America Art Supplies Market Forecasts and Analysis - By Product Type
10.5.4 South and Central America Art Supplies Market Forecasts and Analysis - By End User
10.5.5 South and Central America Art Supplies Market Forecasts and Analysis - By Distribution Channel
10.5.6 South and Central America Art Supplies Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Art Supplies Market
10.5.6.1.1 Brazil Art Supplies Market by Product Type
10.5.6.1.2 Brazil Art Supplies Market by End User
10.5.6.1.3 Brazil Art Supplies Market by Distribution Channel
10.5.6.2 Argentina Art Supplies Market
10.5.6.2.1 Argentina Art Supplies Market by Product Type
10.5.6.2.2 Argentina Art Supplies Market by End User
10.5.6.2.3 Argentina Art Supplies Market by Distribution Channel
10.5.6.3 Rest of South and Central America Art Supplies Market
10.5.6.3.1 Rest of South and Central America Art Supplies Market by Product Type
10.5.6.3.2 Rest of South and Central America Art Supplies Market by End User
10.5.6.3.3 Rest of South and Central America Art Supplies Market by Distribution Channel

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. ART SUPPLIES MARKET, KEY COMPANY PROFILES
12.1. FABER-CASTELL
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. CRAYOLA
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. MAPED
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. PACON
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. PILOT
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. NEWELL BRANDS
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. STAEDTLER MARS GMBH AND CO. KG
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. MITSUBISHI PENCILS
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. PELIKAN
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. HINDUSTAN PENCILS PVT. LTD.
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
The List of Companies

1.Faber-Castell
2.Crayola
3.Maped
4.Pacon
5.Pilot
6.Newell Brands
7.STAEDTLER Mars GmbH and Co. KG
8.Mitsubishi Pencils
9.Pelikan
10.Hindustan Pencils Pvt. Ltd.

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.

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