Automated 3D Printing Market Drivers and Opportunities - 2031
The Automated 3D Printing Market is expected to register a CAGR of 32.4% 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 Offering (Hardware, Software, Services); Process (Automated Production, Material Handling, Part Handling, Multiprocessing, Post-Processing); End User (Automotive, Healthcare, Aerospace and Defense, Consumer Products, Energy, Others). 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 ReportThe report Automated 3D Printing 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.
Automated 3D Printing Market Segmentation
Offering- Hardware
- Software
- Services
- Automated Production
- Material Handling
- Part Handling
- Multiprocessing
- Post-Processing
- Automotive
- Healthcare
- Aerospace and Defense
- Consumer Products
- Energy
- Others
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Automated 3D Printing Market Growth Drivers- Increasing Demand for Customization and Prototyping: The rise in demand for customized products and rapid prototyping across industries such as automotive, aerospace, and healthcare is a key driver for the automated 3D printing market. Automated systems enable manufacturers to quickly produce complex, bespoke designs with precision, which reduces time-to-market and costs, making 3D printing an attractive option for product development.
- Advancements in 3D Printing Technology: Continuous advancements in 3D printing technology, such as improved printing speed, material variety, and automation capabilities, are driving the market. Automated systems are enhancing the overall efficiency of 3D printing processes, making them more accessible and cost-effective for large-scale manufacturing, thus accelerating adoption across industries.
- Integration of AI and Machine Learning: A growing trend in automated 3D printing is the integration of artificial intelligence (AI) and machine learning (ML) to optimize printing processes. These technologies help automate design, material selection, and quality control, ensuring higher precision and efficiency. AI-driven predictive maintenance also reduces downtime and operational costs, making 3D printing more reliable for mass production.
- Focus on Sustainable Materials: Sustainability is a significant trend in the automated 3D printing market, with an increasing focus on eco-friendly and recyclable materials. Manufacturers are exploring biodegradable, recyclable, and low-carbon-footprint materials to align with environmental goals. These innovations are driving the demand for automated 3D printers capable of handling sustainable materials, catering to industries aiming to reduce their ecological impact.
- Growth in Healthcare Applications: The healthcare sector presents a strong opportunity for the automated 3D printing market, particularly in personalized medicine, prosthetics, and surgical planning. Automated 3D printers are enabling the creation of custom implants, orthotics, and anatomical models tailored to individual patients, enhancing treatment precision and improving patient outcomes.
- Adoption in Automotive and Aerospace Industries: The automotive and aerospace industries offer significant opportunities for automated 3D printing. These sectors are increasingly using 3D printing for the rapid prototyping of parts, complex tooling, and even the manufacturing of lightweight components. Automated systems in these industries improve efficiency, reduce waste, and lower production costs, making them key drivers for market growth.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Automated 3D Printing 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 Automated 3D Printing 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.
- 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
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Automated 3D Printing Market is estimated to witness a CAGR of 32.4% from 2023 to 2031
The major factors driving the Automated 3D Printing market are Increased Demand for Customization and Growth in Industry 4.0 and Smart Manufacturing.
Rising focus on Sustainability is anticipated to play a significant role in the global Automated 3D Printing market in the coming years
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request
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
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1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Automated 3D Printing Market - By Offering
1.3.2 Automated 3D Printing Market - By Process
1.3.3 Automated 3D Printing Market - By End User
1.3.4 Automated 3D Printing Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AUTOMATED 3D PRINTING MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. AUTOMATED 3D PRINTING MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. AUTOMATED 3D PRINTING MARKET - GLOBAL MARKET ANALYSIS
6.1. AUTOMATED 3D PRINTING - GLOBAL MARKET OVERVIEW
6.2. AUTOMATED 3D PRINTING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. AUTOMATED 3D PRINTING MARKET - REVENUE AND FORECASTS TO 2028 - OFFERING
7.1. OVERVIEW
7.2. OFFERING MARKET FORECASTS AND ANALYSIS
7.3. HARDWARE
7.3.1. Overview
7.3.2. Hardware Market Forecast and Analysis
7.4. SOFTWARE
7.4.1. Overview
7.4.2. Software Market Forecast and Analysis
7.5. SERVICES
7.5.1. Overview
7.5.2. Services Market Forecast and Analysis
8. AUTOMATED 3D PRINTING MARKET - REVENUE AND FORECASTS TO 2028 - PROCESS
8.1. OVERVIEW
8.2. PROCESS MARKET FORECASTS AND ANALYSIS
8.3. AUTOMATED PRODUCTION
8.3.1. Overview
8.3.2. Automated Production Market Forecast and Analysis
8.4. MATERIAL HANDLING
8.4.1. Overview
8.4.2. Material Handling Market Forecast and Analysis
8.5. PART HANDLING
8.5.1. Overview
8.5.2. Part Handling Market Forecast and Analysis
8.6. MULTIPROCESSING
8.6.1. Overview
8.6.2. Multiprocessing Market Forecast and Analysis
8.7. POST-PROCESSING
8.7.1. Overview
8.7.2. Post-Processing Market Forecast and Analysis
9. AUTOMATED 3D PRINTING MARKET - REVENUE AND FORECASTS TO 2028 - END USER
9.1. OVERVIEW
9.2. END USER MARKET FORECASTS AND ANALYSIS
9.3. AUTOMOTIVE
9.3.1. Overview
9.3.2. Automotive Market Forecast and Analysis
9.4. HEALTHCARE
9.4.1. Overview
9.4.2. Healthcare Market Forecast and Analysis
9.5. AEROSPACE AND DEFENSE
9.5.1. Overview
9.5.2. Aerospace and Defense Market Forecast and Analysis
9.6. CONSUMER PRODUCTS
9.6.1. Overview
9.6.2. Consumer Products Market Forecast and Analysis
9.7. ENERGY
9.7.1. Overview
9.7.2. Energy Market Forecast and Analysis
9.8. OTHERS
9.8.1. Overview
9.8.2. Others Market Forecast and Analysis
10. AUTOMATED 3D PRINTING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Automated 3D Printing Market Overview
10.1.2 North America Automated 3D Printing Market Forecasts and Analysis
10.1.3 North America Automated 3D Printing Market Forecasts and Analysis - By Offering
10.1.4 North America Automated 3D Printing Market Forecasts and Analysis - By Process
10.1.5 North America Automated 3D Printing Market Forecasts and Analysis - By End User
10.1.6 North America Automated 3D Printing Market Forecasts and Analysis - By Countries
10.1.6.1 United States Automated 3D Printing Market
10.1.6.1.1 United States Automated 3D Printing Market by Offering
10.1.6.1.2 United States Automated 3D Printing Market by Process
10.1.6.1.3 United States Automated 3D Printing Market by End User
10.1.6.2 Canada Automated 3D Printing Market
10.1.6.2.1 Canada Automated 3D Printing Market by Offering
10.1.6.2.2 Canada Automated 3D Printing Market by Process
10.1.6.2.3 Canada Automated 3D Printing Market by End User
10.1.6.3 Mexico Automated 3D Printing Market
10.1.6.3.1 Mexico Automated 3D Printing Market by Offering
10.1.6.3.2 Mexico Automated 3D Printing Market by Process
10.1.6.3.3 Mexico Automated 3D Printing Market by End User
10.2. EUROPE
10.2.1 Europe Automated 3D Printing Market Overview
10.2.2 Europe Automated 3D Printing Market Forecasts and Analysis
10.2.3 Europe Automated 3D Printing Market Forecasts and Analysis - By Offering
10.2.4 Europe Automated 3D Printing Market Forecasts and Analysis - By Process
10.2.5 Europe Automated 3D Printing Market Forecasts and Analysis - By End User
10.2.6 Europe Automated 3D Printing Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Automated 3D Printing Market
10.2.6.1.1 Germany Automated 3D Printing Market by Offering
10.2.6.1.2 Germany Automated 3D Printing Market by Process
10.2.6.1.3 Germany Automated 3D Printing Market by End User
10.2.6.2 France Automated 3D Printing Market
10.2.6.2.1 France Automated 3D Printing Market by Offering
10.2.6.2.2 France Automated 3D Printing Market by Process
10.2.6.2.3 France Automated 3D Printing Market by End User
10.2.6.3 Italy Automated 3D Printing Market
10.2.6.3.1 Italy Automated 3D Printing Market by Offering
10.2.6.3.2 Italy Automated 3D Printing Market by Process
10.2.6.3.3 Italy Automated 3D Printing Market by End User
10.2.6.4 United Kingdom Automated 3D Printing Market
10.2.6.4.1 United Kingdom Automated 3D Printing Market by Offering
10.2.6.4.2 United Kingdom Automated 3D Printing Market by Process
10.2.6.4.3 United Kingdom Automated 3D Printing Market by End User
10.2.6.5 Russia Automated 3D Printing Market
10.2.6.5.1 Russia Automated 3D Printing Market by Offering
10.2.6.5.2 Russia Automated 3D Printing Market by Process
10.2.6.5.3 Russia Automated 3D Printing Market by End User
10.2.6.6 Rest of Europe Automated 3D Printing Market
10.2.6.6.1 Rest of Europe Automated 3D Printing Market by Offering
10.2.6.6.2 Rest of Europe Automated 3D Printing Market by Process
10.2.6.6.3 Rest of Europe Automated 3D Printing Market by End User
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Automated 3D Printing Market Overview
10.3.2 Asia-Pacific Automated 3D Printing Market Forecasts and Analysis
10.3.3 Asia-Pacific Automated 3D Printing Market Forecasts and Analysis - By Offering
10.3.4 Asia-Pacific Automated 3D Printing Market Forecasts and Analysis - By Process
10.3.5 Asia-Pacific Automated 3D Printing Market Forecasts and Analysis - By End User
10.3.6 Asia-Pacific Automated 3D Printing Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Automated 3D Printing Market
10.3.6.1.1 Australia Automated 3D Printing Market by Offering
10.3.6.1.2 Australia Automated 3D Printing Market by Process
10.3.6.1.3 Australia Automated 3D Printing Market by End User
10.3.6.2 China Automated 3D Printing Market
10.3.6.2.1 China Automated 3D Printing Market by Offering
10.3.6.2.2 China Automated 3D Printing Market by Process
10.3.6.2.3 China Automated 3D Printing Market by End User
10.3.6.3 India Automated 3D Printing Market
10.3.6.3.1 India Automated 3D Printing Market by Offering
10.3.6.3.2 India Automated 3D Printing Market by Process
10.3.6.3.3 India Automated 3D Printing Market by End User
10.3.6.4 Japan Automated 3D Printing Market
10.3.6.4.1 Japan Automated 3D Printing Market by Offering
10.3.6.4.2 Japan Automated 3D Printing Market by Process
10.3.6.4.3 Japan Automated 3D Printing Market by End User
10.3.6.5 South Korea Automated 3D Printing Market
10.3.6.5.1 South Korea Automated 3D Printing Market by Offering
10.3.6.5.2 South Korea Automated 3D Printing Market by Process
10.3.6.5.3 South Korea Automated 3D Printing Market by End User
10.3.6.6 Rest of Asia-Pacific Automated 3D Printing Market
10.3.6.6.1 Rest of Asia-Pacific Automated 3D Printing Market by Offering
10.3.6.6.2 Rest of Asia-Pacific Automated 3D Printing Market by Process
10.3.6.6.3 Rest of Asia-Pacific Automated 3D Printing Market by End User
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Automated 3D Printing Market Overview
10.4.2 Middle East and Africa Automated 3D Printing Market Forecasts and Analysis
10.4.3 Middle East and Africa Automated 3D Printing Market Forecasts and Analysis - By Offering
10.4.4 Middle East and Africa Automated 3D Printing Market Forecasts and Analysis - By Process
10.4.5 Middle East and Africa Automated 3D Printing Market Forecasts and Analysis - By End User
10.4.6 Middle East and Africa Automated 3D Printing Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Automated 3D Printing Market
10.4.6.1.1 South Africa Automated 3D Printing Market by Offering
10.4.6.1.2 South Africa Automated 3D Printing Market by Process
10.4.6.1.3 South Africa Automated 3D Printing Market by End User
10.4.6.2 Saudi Arabia Automated 3D Printing Market
10.4.6.2.1 Saudi Arabia Automated 3D Printing Market by Offering
10.4.6.2.2 Saudi Arabia Automated 3D Printing Market by Process
10.4.6.2.3 Saudi Arabia Automated 3D Printing Market by End User
10.4.6.3 U.A.E Automated 3D Printing Market
10.4.6.3.1 U.A.E Automated 3D Printing Market by Offering
10.4.6.3.2 U.A.E Automated 3D Printing Market by Process
10.4.6.3.3 U.A.E Automated 3D Printing Market by End User
10.4.6.4 Rest of Middle East and Africa Automated 3D Printing Market
10.4.6.4.1 Rest of Middle East and Africa Automated 3D Printing Market by Offering
10.4.6.4.2 Rest of Middle East and Africa Automated 3D Printing Market by Process
10.4.6.4.3 Rest of Middle East and Africa Automated 3D Printing Market by End User
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Automated 3D Printing Market Overview
10.5.2 South and Central America Automated 3D Printing Market Forecasts and Analysis
10.5.3 South and Central America Automated 3D Printing Market Forecasts and Analysis - By Offering
10.5.4 South and Central America Automated 3D Printing Market Forecasts and Analysis - By Process
10.5.5 South and Central America Automated 3D Printing Market Forecasts and Analysis - By End User
10.5.6 South and Central America Automated 3D Printing Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Automated 3D Printing Market
10.5.6.1.1 Brazil Automated 3D Printing Market by Offering
10.5.6.1.2 Brazil Automated 3D Printing Market by Process
10.5.6.1.3 Brazil Automated 3D Printing Market by End User
10.5.6.2 Argentina Automated 3D Printing Market
10.5.6.2.1 Argentina Automated 3D Printing Market by Offering
10.5.6.2.2 Argentina Automated 3D Printing Market by Process
10.5.6.2.3 Argentina Automated 3D Printing Market by End User
10.5.6.3 Rest of South and Central America Automated 3D Printing Market
10.5.6.3.1 Rest of South and Central America Automated 3D Printing Market by Offering
10.5.6.3.2 Rest of South and Central America Automated 3D Printing Market by Process
10.5.6.3.3 Rest of South and Central America Automated 3D Printing 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. AUTOMATED 3D PRINTING MARKET, KEY COMPANY PROFILES
12.1. 3D SYSTEMS CORPORATION
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. ABB LTD.
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. EOS GMBH
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. FORMLABS INC.
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. GENERAL ELECTRIC COMPANY
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. KUKA AG
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. MATERIALISE NV
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. SLM SOLUTIONS GROUP AG
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. STRATASYS LTD.
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. THE EXONE COMPANY
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
1.3D Systems Corporation
2.ABB Ltd.
3.EOS GmbH
4.Formlabs Inc.
5.General Electric Company
6.KUKA AG
7.Materialise NV
8.SLM Solutions Group AG
9.Stratasys Ltd.
10.The ExOne Company
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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