Automated Logistics Equipment Market Strategic Insights 2021-2031
The Automated Logistics Equipment Market is expected to register a CAGR of 13.4% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Product Type (Automated Conveyor, Palletizing Robot, Automated Stereoscopic Warehouse, Automated Sorter, Automated Guided Vehicle, Forklift); End-Users (Pharmaceuticals, Food and Beverage, Automobile, Retail and E-commerce, Consumer Electronics, Logistics and Transportation, Manufacturing, Others); Geography (North America, Europe, Asia-Pacific, Middle East & Africa, South and Central America).
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
The report Automated Logistics Equipment 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 Logistics Equipment Market Segmentation
Product Type- Automated Conveyor
- Palletizing Robot
- Automated Stereoscopic Warehouse
- Automated Sorter
- Automated Guided Vehicle
- Forklift
- Pharmaceuticals
- Food and Beverage
- Automobile
- Retail and E-commerce
- Consumer Electronics
- Logistics and Transportation
- Manufacturing
- Others
Strategic Insights
Automated Logistics Equipment Market Growth Drivers- Growth in E-commerce: The exponential growth of e-commerce is a major driver for the automated logistics equipment market. As online shopping continues to surge, logistics companies and retailers are under increasing pressure to expedite shipping processes and handle larger volumes of goods. Automated logistics solutions, such as robotic picking systems, automated conveyors, and sorting robots, are essential for scaling operations efficiently, reducing errors, and improving order fulfillment times.
- Labor Shortages and Rising Labor Costs: Many industries are experiencing labor shortages, particularly in warehousing and distribution centers. This challenge is compounded by rising labor costs. Automated logistics equipment offers a solution by replacing or augmenting manual labor with robots and automated systems that can operate around the clock without fatigue, thus reducing the dependency on human labor and potentially lowering operational costs.
- Adoption of Robotics and Automation in SMEs: While initially adopted by large enterprises, there is a noticeable trend of small and medium-sized enterprises (SMEs) implementing automated logistics solutions. The decreasing cost of robotics and the availability of as-a-service models make these technologies accessible to smaller businesses. This democratization of technology helps SMEs compete with larger players by enabling them to enhance efficiency and scalability.
- Growing Adoption of Autonomous Mobile Robots (AMRs) and Automated Guided Vehicles (AGVs): Another significant trend in the automated logistics equipment market is the rising adoption of Autonomous Mobile Robots (AMRs) and Automated Guided Vehicles (AGVs) in warehouses and distribution centers. These robots are being used for material handling, order fulfillment, and internal transportation within facilities. AMRs and AGVs help streamline operations by reducing manual labor, improving safety, and increasing operational speed. The trend is driven by the need for faster, more efficient handling of goods, especially in e-commerce and retail sectors, where high order volumes and customer expectations for quick delivery times are growing. As the cost of robotics technology decreases and its capabilities improve, AMRs and AGVs are expected to become a standard feature in logistics facilities worldwide.
- Integration of Advanced Technologies: The integration of IoT, AI, and machine learning with automated logistics equipment provides significant opportunities for market growth. These technologies enable real-time data analytics, predictive maintenance, and smarter decision-making processes, enhancing the capabilities of automated systems. For instance, AI can predict order volumes and adjust operations accordingly, while IoT devices can track equipment health to prevent downtime.
- Sustainable and Green Logistics Solutions: There is a growing trend towards sustainability in logistics, driven by consumer demand and regulatory pressures. Automated logistics equipment can contribute to greener operations through more efficient use of energy, reduction in waste, and optimization of routes and processes. This not only helps companies reduce their environmental impact but also aligns with global sustainability goals, offering a competitive edge.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Automated Logistics Equipment 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 Logistics Equipment Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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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
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
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request
Adoption of Robotics and Automation in SMEs is anticipated to play a significant role in the global Automated Logistics Equipment Market in the coming years
Growth in E-commerce and Labor Shortages and Rising Labor Costs are the major factors driving the Automated Logistics Equipment Market
The Automated Logistics Equipment Market is estimated to witness a CAGR of 13.4% from 2023 to 2031
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 Automated Logistics Equipment Market - By Product Type
1.3.2 Automated Logistics Equipment Market - By End-Users
1.3.3 Automated Logistics Equipment Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AUTOMATED LOGISTICS EQUIPMENT 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 LOGISTICS EQUIPMENT 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. AUTOMATED LOGISTICS EQUIPMENT MARKET - GLOBAL MARKET ANALYSIS
6.1. AUTOMATED LOGISTICS EQUIPMENT - GLOBAL MARKET OVERVIEW
6.2. AUTOMATED LOGISTICS EQUIPMENT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. AUTOMATED LOGISTICS EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. AUTOMATED CONVEYOR
7.3.1. Overview
7.3.2. Automated Conveyor Market Forecast and Analysis
7.4. PALLETIZING ROBOT
7.4.1. Overview
7.4.2. Palletizing Robot Market Forecast and Analysis
7.5. AUTOMATED STEREOSCOPIC WAREHOUSE
7.5.1. Overview
7.5.2. Automated Stereoscopic Warehouse Market Forecast and Analysis
7.6. AUTOMATED SORTER
7.6.1. Overview
7.6.2. Automated Sorter Market Forecast and Analysis
7.7. AUTOMATED GUIDED VEHICLE
7.7.1. Overview
7.7.2. Automated Guided Vehicle Market Forecast and Analysis
7.8. FORKLIFT
7.8.1. Overview
7.8.2. Forklift Market Forecast and Analysis
8. AUTOMATED LOGISTICS EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - END-USERS
8.1. OVERVIEW
8.2. END-USERS MARKET FORECASTS AND ANALYSIS
8.3. PHARMACEUTICALS
8.3.1. Overview
8.3.2. Pharmaceuticals Market Forecast and Analysis
8.4. FOOD AND BEVERAGE
8.4.1. Overview
8.4.2. Food and Beverage Market Forecast and Analysis
8.5. AUTOMOBILE
8.5.1. Overview
8.5.2. Automobile Market Forecast and Analysis
8.6. RETAIL AND E-COMMERCE
8.6.1. Overview
8.6.2. Retail and E-commerce Market Forecast and Analysis
8.7. CONSUMER ELECTRONICS
8.7.1. Overview
8.7.2. Consumer Electronics Market Forecast and Analysis
8.8. LOGISTICS AND TRANSPORTATION
8.8.1. Overview
8.8.2. Logistics and Transportation Market Forecast and Analysis
8.9. MANUFACTURING
8.9.1. Overview
8.9.2. Manufacturing Market Forecast and Analysis
8.10. OTHERS
8.10.1. Overview
8.10.2. Others Market Forecast and Analysis
9. AUTOMATED LOGISTICS EQUIPMENT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Automated Logistics Equipment Market Overview
9.1.2 North America Automated Logistics Equipment Market Forecasts and Analysis
9.1.3 North America Automated Logistics Equipment Market Forecasts and Analysis - By Product Type
9.1.4 North America Automated Logistics Equipment Market Forecasts and Analysis - By End-Users
9.1.5 North America Automated Logistics Equipment Market Forecasts and Analysis - By Countries
9.1.5.1 United States Automated Logistics Equipment Market
9.1.5.1.1 United States Automated Logistics Equipment Market by Product Type
9.1.5.1.2 United States Automated Logistics Equipment Market by End-Users
9.1.5.2 Canada Automated Logistics Equipment Market
9.1.5.2.1 Canada Automated Logistics Equipment Market by Product Type
9.1.5.2.2 Canada Automated Logistics Equipment Market by End-Users
9.1.5.3 Mexico Automated Logistics Equipment Market
9.1.5.3.1 Mexico Automated Logistics Equipment Market by Product Type
9.1.5.3.2 Mexico Automated Logistics Equipment Market by End-Users
9.2. EUROPE
9.2.1 Europe Automated Logistics Equipment Market Overview
9.2.2 Europe Automated Logistics Equipment Market Forecasts and Analysis
9.2.3 Europe Automated Logistics Equipment Market Forecasts and Analysis - By Product Type
9.2.4 Europe Automated Logistics Equipment Market Forecasts and Analysis - By End-Users
9.2.5 Europe Automated Logistics Equipment Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Automated Logistics Equipment Market
9.2.5.1.1 Germany Automated Logistics Equipment Market by Product Type
9.2.5.1.2 Germany Automated Logistics Equipment Market by End-Users
9.2.5.2 France Automated Logistics Equipment Market
9.2.5.2.1 France Automated Logistics Equipment Market by Product Type
9.2.5.2.2 France Automated Logistics Equipment Market by End-Users
9.2.5.3 Italy Automated Logistics Equipment Market
9.2.5.3.1 Italy Automated Logistics Equipment Market by Product Type
9.2.5.3.2 Italy Automated Logistics Equipment Market by End-Users
9.2.5.4 United Kingdom Automated Logistics Equipment Market
9.2.5.4.1 United Kingdom Automated Logistics Equipment Market by Product Type
9.2.5.4.2 United Kingdom Automated Logistics Equipment Market by End-Users
9.2.5.5 Russia Automated Logistics Equipment Market
9.2.5.5.1 Russia Automated Logistics Equipment Market by Product Type
9.2.5.5.2 Russia Automated Logistics Equipment Market by End-Users
9.2.5.6 Rest of Europe Automated Logistics Equipment Market
9.2.5.6.1 Rest of Europe Automated Logistics Equipment Market by Product Type
9.2.5.6.2 Rest of Europe Automated Logistics Equipment Market by End-Users
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Automated Logistics Equipment Market Overview
9.3.2 Asia-Pacific Automated Logistics Equipment Market Forecasts and Analysis
9.3.3 Asia-Pacific Automated Logistics Equipment Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Automated Logistics Equipment Market Forecasts and Analysis - By End-Users
9.3.5 Asia-Pacific Automated Logistics Equipment Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Automated Logistics Equipment Market
9.3.5.1.1 Australia Automated Logistics Equipment Market by Product Type
9.3.5.1.2 Australia Automated Logistics Equipment Market by End-Users
9.3.5.2 China Automated Logistics Equipment Market
9.3.5.2.1 China Automated Logistics Equipment Market by Product Type
9.3.5.2.2 China Automated Logistics Equipment Market by End-Users
9.3.5.3 India Automated Logistics Equipment Market
9.3.5.3.1 India Automated Logistics Equipment Market by Product Type
9.3.5.3.2 India Automated Logistics Equipment Market by End-Users
9.3.5.4 Japan Automated Logistics Equipment Market
9.3.5.4.1 Japan Automated Logistics Equipment Market by Product Type
9.3.5.4.2 Japan Automated Logistics Equipment Market by End-Users
9.3.5.5 South Korea Automated Logistics Equipment Market
9.3.5.5.1 South Korea Automated Logistics Equipment Market by Product Type
9.3.5.5.2 South Korea Automated Logistics Equipment Market by End-Users
9.3.5.6 Rest of Asia-Pacific Automated Logistics Equipment Market
9.3.5.6.1 Rest of Asia-Pacific Automated Logistics Equipment Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Automated Logistics Equipment Market by End-Users
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Automated Logistics Equipment Market Overview
9.4.2 Middle East and Africa Automated Logistics Equipment Market Forecasts and Analysis
9.4.3 Middle East and Africa Automated Logistics Equipment Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Automated Logistics Equipment Market Forecasts and Analysis - By End-Users
9.4.5 Middle East and Africa Automated Logistics Equipment Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Automated Logistics Equipment Market
9.4.5.1.1 South Africa Automated Logistics Equipment Market by Product Type
9.4.5.1.2 South Africa Automated Logistics Equipment Market by End-Users
9.4.5.2 Saudi Arabia Automated Logistics Equipment Market
9.4.5.2.1 Saudi Arabia Automated Logistics Equipment Market by Product Type
9.4.5.2.2 Saudi Arabia Automated Logistics Equipment Market by End-Users
9.4.5.3 U.A.E Automated Logistics Equipment Market
9.4.5.3.1 U.A.E Automated Logistics Equipment Market by Product Type
9.4.5.3.2 U.A.E Automated Logistics Equipment Market by End-Users
9.4.5.4 Rest of Middle East and Africa Automated Logistics Equipment Market
9.4.5.4.1 Rest of Middle East and Africa Automated Logistics Equipment Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Automated Logistics Equipment Market by End-Users
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Automated Logistics Equipment Market Overview
9.5.2 South and Central America Automated Logistics Equipment Market Forecasts and Analysis
9.5.3 South and Central America Automated Logistics Equipment Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Automated Logistics Equipment Market Forecasts and Analysis - By End-Users
9.5.5 South and Central America Automated Logistics Equipment Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Automated Logistics Equipment Market
9.5.5.1.1 Brazil Automated Logistics Equipment Market by Product Type
9.5.5.1.2 Brazil Automated Logistics Equipment Market by End-Users
9.5.5.2 Argentina Automated Logistics Equipment Market
9.5.5.2.1 Argentina Automated Logistics Equipment Market by Product Type
9.5.5.2.2 Argentina Automated Logistics Equipment Market by End-Users
9.5.5.3 Rest of South and Central America Automated Logistics Equipment Market
9.5.5.3.1 Rest of South and Central America Automated Logistics Equipment Market by Product Type
9.5.5.3.2 Rest of South and Central America Automated Logistics Equipment Market by End-Users
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. AUTOMATED LOGISTICS EQUIPMENT MARKET, KEY COMPANY PROFILES
11.1. BEUMER GROUP
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. DAIFUKU CO., LTD
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. HONEYWELL INTELLIGRATED
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. JUNGHEINRICH AG
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. KNAPP AG
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. MECALUX, S.A.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. MURATA MACHINERY LTD
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SWISSLOG
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. TGW LOGISTICS GROUP
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. TOSHIBA LOGISTICS
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
1. Beumer Group
2. Daifuku Co., ltd
3. Honeywell Intelligrated
4. Jungheinrich AG
5. Knapp AG
6. Mecalux, S.A.
7. Murata Machinery Ltd
8. Swisslog
9. TGW Logistics Group
10. Toshiba Logistics
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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