Automotive Brake Components Market Analysis and Forecast by Size, Share, Growth, Trends 2031

Coverage: Automotive Brake Components Market covers analysis By Product (Brake Pads and Shoe, Brake Disc, Brake Drum, Brake Caliper, Brake Line, Brake Cylinder, Others); Vehicle Type (Passenger Cars, Commercial Vehicles), and Geography (North America, Europe, Asia Pacific, and South and Central America

  • Report Code : TIPRE00013116
  • Category : Automotive and Transportation
  • No. of Pages : 150
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Automotive Brake Components Market Forecast (2023-2031)

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The automotive brake components market is expected to register a CAGR of 4.5% during 2023–2031. The market is witnessing a focus on future technology trends and upcoming technologies in the automotive brake system industry, including advancements in autonomous vehicle brake systems such as a focus on redundancy, fail-safe mechanisms, and ensuring reliable braking performance for autonomous vehicles.

Automotive Brake Components Market Analysis

The automotive brake components market has an aftermarket that also includes supplies of components for replacements and upgrades for routine or regular vehicle maintenance, modifications, remodeling, and specific upgrades. The aftermarket has established itself as a key and growing entity in the automotive brake components market. The dynamic market for automotive brake components evolves in line with the development of new vehicle technologies and safety standards.

Automotive Brake Components Market Overview

The automotive brake components market includes the manufacturing, distribution, and sale of brake components and parts of braking systems in vehicles – they include brake pads or linings, brake shoes, brake calipers, brake rotors, brake drums, brake fluid, braking system sensors, etc for passenger cars, commercial vehicles, and off-highway vehicles. The market is characterized by continuous technological innovations and developments for better and upgraded brake components that provide better carrying and stopping capacity for vehicles.

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Automotive Brake Components Market: Strategic Insights

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Automotive Brake Components Market Drivers and Opportunities

Increasing Concern for Vehicle Safety

The increasing concern for vehicle safety and the growing need for sophisticated braking systems are driving the automotive brake components market. The surge in road traffic and vehicle ownership across the world has led to a greater awareness of the requirement for advanced forceful braking systems. Regulatory enforcement leading to the installation of certain high-end safety features mandated by the government has also added impetus to the size of this market. Increasing production of EVs and hybrids has further broadened this market since these vehicles also require parts and components specific to them. Technological advancements in vehicle design aided by the use of lightweight and strong brake materials that enhance the performance of the hitherto simple parts, also propel this market.

Development Of High-Performance Materials and Advanced Manufacturing Processes

The automotive brake components market offers enormous prospects for growth and innovation. Owing to the growth in the production of vehicles and the increasing trend towards the manufacturing of electric and hybrid vehicles, there is demand for advanced brake components that not only provide better efficiency but also help in making vehicles more environment-friendly. Furthermore, the focus on vehicular safety and the integrity of modern vehicles with the proliferation of advanced driver assistance systems (ADAS) offers opportunities for the integration of smart braking technologies such as regenerative braking and autonomous emergency braking systems. The aftermarket segment of the automotive brake components market also offers immense opportunities given the demand for the replacement and overhauling of brake components in existing vehicles. The development of high-performance materials and advanced manufacturing processes will open up great opportunities for providing the automotive industry with high-quality and low-cost brake components with requisite performance.

Automotive Brake Components Market Report Segmentation Analysis

Key segments that contributed to the derivation of the automotive brake components market analysis are product and vehicle type.

  • Based on product, the automotive brake components market is divided into Brake Pads and Shoe, Brake Disc, Brake Drum, Brake Caliper, Brake Line, Brake Cylinder, and Others.
  • based on vehicle type, the market is divided into Passenger Cars and Commercial Vehicles.

Automotive Brake Components Market Share Analysis by Geography

The Automotive Brake Components 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 brake components 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 brake components market in these regions.

Automotive Brake Components Market Report Scope

Automotive Brake Components Market News and Recent Developments

The automotive brake components 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 brake components market are listed below:

  • Meneta Group is pioneering in the international automotive industry by committing to fossil-free steel from SSAB for its global production of components and sealing materials, mainly for the automotive industry. From 2031, Meneta expects initial Scope 3 CO2 reductions of 5,500 to 6,000 tonnes, growing to approximately 60,000 tonnes in subsequent years when its global brake component and sealing and decoupling material productions fully incorporate fossil-free steel from SSAB. (Source: Meneta Group, Company Website, March 2023)

Automotive Brake Components Market Report Coverage and Deliverables

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

  • Automotive brake components market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
  • Automotive brake components market trends as well as market dynamics such as drivers, restraints, and key opportunities
  • Detailed PEST/Porter’s Five Forces and SWOT analysis
  • Automotive brake components 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 in the automotive brake components 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 driving factors impacting the global automotive brake components market?

The market is witnessing a focus on future technology trends and upcoming technologies in the automotive brake system industry.

What is the expected CAGR of the automotive brake components market?

The global automotive brake components market is expected to grow at a CAGR of 4.5% during the forecast period 2023 - 2031.

What are the future trends of the automotive brake components market?

The market is witnessing a focus on future technology trends and upcoming technologies in the automotive brake system industry.

Which are the leading players operating in the automotive brake components market?

The leading players operating in the automotive brake components market are Aisin Seiki Co., Ltd. (Japan), Akebono Brake Corporation (Japan), Mando Corporation (South Korea), and Hitachi Automotive Systems Ltd. (Japan).

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 brake components market report?

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

TABLE OF CONTENTS

1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Automotive Brake Components Market - By Product
1.3.2Automotive Brake Components Market - By Vehicle Type
1.3.3Automotive Brake Components Market - By Region
1.3.3.1By Country

2.KEY TAKEAWAYS

3.RESEARCH METHODOLOGY

4.AUTOMOTIVE BRAKE COMPONENTS MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PORTER'S FIVE FORCES ANALYSIS
4.2.1Bargaining Power of Buyers
4.2.1Bargaining Power of Suppliers
4.2.1Threat of Substitute
4.2.1Threat of New Entrants
4.2.1Competitive Rivalry
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS


5.AUTOMOTIVE BRAKE COMPONENTS 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 BRAKE COMPONENTS MARKET - GLOBAL MARKET ANALYSIS
6.1.AUTOMOTIVE BRAKE COMPONENTS - GLOBAL MARKET OVERVIEW
6.2.AUTOMOTIVE BRAKE COMPONENTS - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE

7.AUTOMOTIVE BRAKE COMPONENTS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1.OVERVIEW
7.2.PRODUCT MARKET FORECASTS AND ANALYSIS
7.3.BRAKE PADS AND SHOE
7.3.1.Overview
7.3.2.Brake Pads and Shoe Market Forecast and Analysis
7.4.BRAKE DISC
7.4.1.Overview
7.4.2.Brake Disc Market Forecast and Analysis
7.5.BRAKE DRUM
7.5.1.Overview
7.5.2.Brake Drum Market Forecast and Analysis
7.6.BRAKE CALIPER
7.6.1.Overview
7.6.2.Brake Caliper Market Forecast and Analysis
7.7.BRAKE LINE
7.7.1.Overview
7.7.2.Brake Line Market Forecast and Analysis
7.8.BRAKE CYLINDER
7.8.1.Overview
7.8.2.Brake Cylinder Market Forecast and Analysis
7.9.OTHERS
7.9.1.Overview
7.9.2.Others Market Forecast and Analysis
8.AUTOMOTIVE BRAKE COMPONENTS MARKET - REVENUE AND FORECASTS TO 2028 - VEHICLE TYPE
8.1.OVERVIEW
8.2.VEHICLE TYPE MARKET FORECASTS AND ANALYSIS
8.3.PASSENGER CARS
8.3.1.Overview
8.3.2.Passenger Cars Market Forecast and Analysis
8.4.COMMERCIAL VEHICLES
8.4.1.Overview
8.4.2.Commercial Vehicles Market Forecast and Analysis

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

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 BRAKE COMPONENTS MARKET, KEY COMPANY PROFILES
11.1.AISIN SEIKI CO., LTD.
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.AKEBONO BRAKE CORPORATION
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.BREMBO S.P.A.
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.HELLA PAGID GMBH
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.HITACHI, LTD.
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.HYUNDAI MOBIS
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.NISSHINBO HOLDINGS INC.
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.ROBERT BOSCH GMBH
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.VALEO
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.ZF FRIEDRICHSHAFEN AG
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. Aisin Seiki Co., Ltd.
2. Akebono Brake Corporation
3. Brembo S.p.A.
4. Hella Pagid GmbH
5. Hitachi, Ltd.
6. Hyundai Mobis
7. Nisshinbo Holdings Inc.
8. Robert Bosch GmbH
9. Valeo
10. ZF Friedrichshafen AG

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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