Automotive 3D Printing Market Growth, Size, Share, Trends, Key Players Analysis, and Forecast till 2031

Coverage: Automotive 3D Printing Market covers analysis By Technology Type (Selective Laser Sintering (SLS), Stereo Lithography (SLA), Digital Light Processing (DLP), Electronic Beam Melting (EBM), Selective Laser Melting (SLM), and Fused Deposition Modeling (FDM)), Application Type (Production And Prototyping/R&D), Component Type (Hardware, Software, and Service), Material Type (Metal, Polymer, and Ceramic), and Geography

  • Report Code : TIPTE100000330
  • Category : Electronics and Semiconductor
  • No. of Pages : 150
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Automotive 3D Printing Market Developments by 2031

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The Automotive 3D Printing Market is expected to register a CAGR of 19.6% during 2023–2031. The evolution of customized and lightweight automotive parts is likely to remain a key trend in the market.

Automotive 3D Printing Market Analysis

  • The major market players are EOS (Electro Optical Systems) GmbH, and few others. Extensive research and development activities and innovations are anticipated in the automotive 3D printing market, in the next few years as weight reduction is prime factor to decrease in fuel consumption and emissions.
  • As per 3D printing service provider and analysts, additive manufacturing is widely used by automotive manufacturers and suppliers for RD activities such as prototypes and fixtures which are highly cost effective compared to traditional methods of product process.
  • The growing development of industrial automation is substantially increasing which inturn increases the traffic and makes vehicle more complex. However, the 3D printing technology can print complex components to its desired shape with less time and challeneges.

Automotive 3D Printing Market Overview

  • The automotive 3D printing industry across the globe is witnessing a steep growth. The development is credited to many core factors such as lowering production time, lesser operational costs, application of designs, effective utilization of the material and convenience in customization.
  • The  automotive 3D printing market is expected to see dramatic growth owing to the reduction in lead-time, low operational cost, design flexibility, design versatility, and increased number of customizations.
  •  The market is segmented based on technology type, component type, material type, application type, and geography. The manufactures are investing the technology for lighter weighted vehicles and in additive manufacturing used for the research activities. The market is expected to witness a dramatic growth in near future.

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Automotive 3D Printing Market: Strategic Insights

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Automotive 3D Printing Market Drivers and Opportunities

Growing Focus on Lightweught Automotive Parts to Favor the Market

  • 3D printing allows for innovative customization and personalization in the automotive industry.
  • High technological advancements and rising focus on lightweight automotive parts is boosting the growth of the automotive 3D printing market 
  • These developments include high printing speed, precision, and the competence to print with a wider range of materials 
  • The advancement of new 3D printing systems and growing manufacturing capacities by developers is also contributing to market growth

Growing Focus on Customisable Automotive Parts

  • The growing demand for customisable automotive parts which is anticipated to create a growth opportunity for the Automotive 3D printing market globally.
  • Most of the automotive firms are using the 3D printing technology for various applications. It is expected to have a high opportunity in the automotive industry as well in the coming years.
  • Automotive OEMs are focusing on reducing vehicles’ weight – with the aim of improving their fuel consumption, the companies are implementing 3D printing technology

Automotive 3D Printing Market Report Segmentation Analysis

Key segments that contributed to the derivation of the automotive 3D printing market analysis are technology, application, component and material type.

  • Based on technology, the automotive 3D printing market is divided into Selective Laser Sintering (SLS), Stereo Lithography (SLA), Digital Light Processing (DLP), Electronic Beam Melting (EBM), Selective Laser Melting (SLM), and Fused Deposition Modeling (FDM).
  • On the basis of application, the market is divided into production and prototyping/R&D.
  • Based on component, the automotive 3D printing market is divided into hardware, software, and service.
  • Based on material type, the automotive 3d printing market is divided into metal, polymer, and ceramic.

Automotive 3D Printing Market Share Analysis by Geography

  • The Automotive 3D Printing Market report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
  • Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering automotive 3D printing market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
  • Also, the report covers PEST analysis, which involves the study of major factors that influence the automotive 3D printing market in these regions.

Automotive 3D Printing Market Report Scope

Automotive 3D Printing Market News and Recent Developments

The automotive 3D printing market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the automotive 3D printing market are listed below:

  • Stratasys, Ltd. announced that Toyota, a global leader in automotive manufacturing and innovation, has signed an agreement to be the first customer to purchase the new, cutting-edge Stratasys F3300 3D printer. (Source: Stratasys, Company Website, November 2023)
  • HP Inc. showcased parts using a new material qualified for its industrial 3D polymers solutions. Developed with Arkema, the new PA 12 S material sets the standard for surface aesthetics, while reducing costs for customers using HP’s Jet Fusion 5200 Series 3D printing solutions. The reach of this pioneering material will soon expand, as it is set to become available for the Jet Fusion 5600 Series later this spring, broadening its application across HP's suite of polymer 3D printing solutions. (Source: HP Inc., Company Website, March 2024)

Automotive 3D Printing Market Report Coverage and Deliverables

The “Automotive 3D Printing Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

  • Automotive 3D printing market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
  • Automotive 3D printing market trends as well as market dynamics such as drivers, restraints, and key opportunities
  • Detailed PEST/Porter’s Five Forces and SWOT analysis
  • Automotive 3D printing market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
  • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the automotive 3D printing market
  • Detailed company profiles
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.

Frequently Asked Questions


What are the options available for the customization of this report?

Some of the customization options available based on request are 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.

What are the deliverable formats of the automotive 3D printing market report?

The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.

Which are the leading players operating in the Automotive 3D Printing Market?

The leading players operating in the automotive 3D printing market are Stratasys Ltd, 3D Systems Corporation, Materialise NV, HP Inc., ExOne Company, EOS GmbH, EnvisionTEC GmbH, and GE Additive.

What are the future trends of the Automotive 3D Printing Market?

Leveraging lightweight automotive parts is anticipated to play a significant role in the global automotive 3D printing market in the coming years.

What is the expected CAGR of the automotive 3D printing market?

The global automotive 3d printing market is expected to grow at a CAGR of 19.6% during the forecast period 2023 - 2031.

What are the driving factors impacting the global automotive 3D printing market?

The growing focus on lightweught automotive parts is one of the major factors driving the Automotive 3D Printing Market.

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 Automotive 3D Printing Market - By Technology
1.3.2 Automotive 3D Printing Market - By Application
1.3.3 Automotive 3D Printing Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. AUTOMOTIVE 3D PRINTING 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. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS

5. AUTOMOTIVE 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 AND RESTRAINTS

6. AUTOMOTIVE 3D PRINTING MARKET - GLOBAL MARKET ANALYSIS
6.1. AUTOMOTIVE 3D PRINTING - GLOBAL MARKET OVERVIEW
6.2. AUTOMOTIVE 3D PRINTING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. AUTOMOTIVE 3D PRINTING MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
7.1. OVERVIEW
7.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
7.3. THREE DIMENSIONAL INJECT PRINTING
7.3.1. Overview
7.3.2. Three Dimensional Inject Printing Market Forecast and Analysis
7.4. FUSED DEPOSITION MODELING
7.4.1. Overview
7.4.2. Fused Deposition Modeling Market Forecast and Analysis
7.5. SELECTIVE LASER SINTERING
7.5.1. Overview
7.5.2. Selective Laser Sintering Market Forecast and Analysis
7.6. ELECTRON BEAM MELTING
7.6.1. Overview
7.6.2. Electron Beam Melting Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. AUTOMOTIVE 3D PRINTING MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. PROTOTYPING AND TOOLING
8.3.1. Overview
8.3.2. Prototyping and Tooling Market Forecast and Analysis
8.4. MANUFACTURING COMPLEX COMPONENTS
8.4.1. Overview
8.4.2. Manufacturing Complex Components Market Forecast and Analysis
8.5. EXTERIOR TRIM
8.5.1. Overview
8.5.2. Exterior Trim Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis

9. AUTOMOTIVE 3D PRINTING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Automotive 3D Printing Market Overview
9.1.2 North America Automotive 3D Printing Market Forecasts and Analysis
9.1.3 North America Automotive 3D Printing Market Forecasts and Analysis - By Technology
9.1.4 North America Automotive 3D Printing Market Forecasts and Analysis - By Application
9.1.5 North America Automotive 3D Printing Market Forecasts and Analysis - By Countries
9.1.5.1 United States Automotive 3D Printing Market
9.1.5.1.1 United States Automotive 3D Printing Market by Technology
9.1.5.1.2 United States Automotive 3D Printing Market by Application
9.1.5.2 Canada Automotive 3D Printing Market
9.1.5.2.1 Canada Automotive 3D Printing Market by Technology
9.1.5.2.2 Canada Automotive 3D Printing Market by Application
9.1.5.3 Mexico Automotive 3D Printing Market
9.1.5.3.1 Mexico Automotive 3D Printing Market by Technology
9.1.5.3.2 Mexico Automotive 3D Printing Market by Application
9.2. EUROPE
9.2.1 Europe Automotive 3D Printing Market Overview
9.2.2 Europe Automotive 3D Printing Market Forecasts and Analysis
9.2.3 Europe Automotive 3D Printing Market Forecasts and Analysis - By Technology
9.2.4 Europe Automotive 3D Printing Market Forecasts and Analysis - By Application
9.2.5 Europe Automotive 3D Printing Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Automotive 3D Printing Market
9.2.5.1.1 Germany Automotive 3D Printing Market by Technology
9.2.5.1.2 Germany Automotive 3D Printing Market by Application
9.2.5.2 France Automotive 3D Printing Market
9.2.5.2.1 France Automotive 3D Printing Market by Technology
9.2.5.2.2 France Automotive 3D Printing Market by Application
9.2.5.3 Italy Automotive 3D Printing Market
9.2.5.3.1 Italy Automotive 3D Printing Market by Technology
9.2.5.3.2 Italy Automotive 3D Printing Market by Application
9.2.5.4 United Kingdom Automotive 3D Printing Market
9.2.5.4.1 United Kingdom Automotive 3D Printing Market by Technology
9.2.5.4.2 United Kingdom Automotive 3D Printing Market by Application
9.2.5.5 Russia Automotive 3D Printing Market
9.2.5.5.1 Russia Automotive 3D Printing Market by Technology
9.2.5.5.2 Russia Automotive 3D Printing Market by Application
9.2.5.6 Rest of Europe Automotive 3D Printing Market
9.2.5.6.1 Rest of Europe Automotive 3D Printing Market by Technology
9.2.5.6.2 Rest of Europe Automotive 3D Printing Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Automotive 3D Printing Market Overview
9.3.2 Asia-Pacific Automotive 3D Printing Market Forecasts and Analysis
9.3.3 Asia-Pacific Automotive 3D Printing Market Forecasts and Analysis - By Technology
9.3.4 Asia-Pacific Automotive 3D Printing Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Automotive 3D Printing Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Automotive 3D Printing Market
9.3.5.1.1 Australia Automotive 3D Printing Market by Technology
9.3.5.1.2 Australia Automotive 3D Printing Market by Application
9.3.5.2 China Automotive 3D Printing Market
9.3.5.2.1 China Automotive 3D Printing Market by Technology
9.3.5.2.2 China Automotive 3D Printing Market by Application
9.3.5.3 India Automotive 3D Printing Market
9.3.5.3.1 India Automotive 3D Printing Market by Technology
9.3.5.3.2 India Automotive 3D Printing Market by Application
9.3.5.4 Japan Automotive 3D Printing Market
9.3.5.4.1 Japan Automotive 3D Printing Market by Technology
9.3.5.4.2 Japan Automotive 3D Printing Market by Application
9.3.5.5 South Korea Automotive 3D Printing Market
9.3.5.5.1 South Korea Automotive 3D Printing Market by Technology
9.3.5.5.2 South Korea Automotive 3D Printing Market by Application
9.3.5.6 Rest of Asia-Pacific Automotive 3D Printing Market
9.3.5.6.1 Rest of Asia-Pacific Automotive 3D Printing Market by Technology
9.3.5.6.2 Rest of Asia-Pacific Automotive 3D Printing Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Automotive 3D Printing Market Overview
9.4.2 Middle East and Africa Automotive 3D Printing Market Forecasts and Analysis
9.4.3 Middle East and Africa Automotive 3D Printing Market Forecasts and Analysis - By Technology
9.4.4 Middle East and Africa Automotive 3D Printing Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Automotive 3D Printing Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Automotive 3D Printing Market
9.4.5.1.1 South Africa Automotive 3D Printing Market by Technology
9.4.5.1.2 South Africa Automotive 3D Printing Market by Application
9.4.5.2 Saudi Arabia Automotive 3D Printing Market
9.4.5.2.1 Saudi Arabia Automotive 3D Printing Market by Technology
9.4.5.2.2 Saudi Arabia Automotive 3D Printing Market by Application
9.4.5.3 U.A.E Automotive 3D Printing Market
9.4.5.3.1 U.A.E Automotive 3D Printing Market by Technology
9.4.5.3.2 U.A.E Automotive 3D Printing Market by Application
9.4.5.4 Rest of Middle East and Africa Automotive 3D Printing Market
9.4.5.4.1 Rest of Middle East and Africa Automotive 3D Printing Market by Technology
9.4.5.4.2 Rest of Middle East and Africa Automotive 3D Printing Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Automotive 3D Printing Market Overview
9.5.2 South and Central America Automotive 3D Printing Market Forecasts and Analysis
9.5.3 South and Central America Automotive 3D Printing Market Forecasts and Analysis - By Technology
9.5.4 South and Central America Automotive 3D Printing Market Forecasts and Analysis - By Application
9.5.5 South and Central America Automotive 3D Printing Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Automotive 3D Printing Market
9.5.5.1.1 Brazil Automotive 3D Printing Market by Technology
9.5.5.1.2 Brazil Automotive 3D Printing Market by Application
9.5.5.2 Argentina Automotive 3D Printing Market
9.5.5.2.1 Argentina Automotive 3D Printing Market by Technology
9.5.5.2.2 Argentina Automotive 3D Printing Market by Application
9.5.5.3 Rest of South and Central America Automotive 3D Printing Market
9.5.5.3.1 Rest of South and Central America Automotive 3D Printing Market by Technology
9.5.5.3.2 Rest of South and Central America Automotive 3D Printing Market by Application

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. AUTOMOTIVE 3D PRINTING MARKET, KEY COMPANY PROFILES
11.1. 3D SYSTEMS, INC.
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. 3DGENCE
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. EOS
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. ENVISIONTEC
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. EXONE
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. HöGANäS AB
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. ULTIMAKER BV
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. PRODWAYS GROUP
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. STRATASYS LTD.
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. MATERIALISE
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. 3D Systems, Inc.
2. 3DGence
3. EOS
4. EnvisionTEC
5. ExOne
6. Höganäs AB
7. Ultimaker BV
8. Prodways Group
9. Stratasys Ltd.
10. Materialise

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.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

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