Automotive Exhaust Aftertreatment Systems Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Aftertreatment system is a method or device for reducing harmful exhaust emissions from internal-combustion engines. In other words, it is a device that cleans exhaust gases to ensure the engines meet emission regulations. Increasing greenhouse gas emissions by vehicles and growing implementation of associated regulatory standards are the major factors expected to drive the growth of the automotive exhaust aftertreatment systems market.
MARKET DYNAMICS
The rising demand for automotive exhaust aftertreatment systems due to stringent emission regulations set by several government agencies across the globe is driving the growth of the automotive exhaust aftertreatment systems market. However, the unavailability of exhaust aftertreatment systems for biodiesel and complicated set up for urea injection may restrain the growth of the automotive exhaust aftertreatment systems market. Furthermore, with the increasing production of automobiles, especially commercial vehicles is anticipated to create market opportunities for the automotive exhaust aftertreatment systems market during the forecast period.
MARKET SCOPE
The "Global Automotive Exhaust Aftertreatment Systems Market Analysis To 2031" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The automotive exhaust aftertreatment systems market report aims to provide an overview of the automotive exhaust aftertreatment systems market with detailed market segmentation by product, vehicle, and geography. The global automotive exhaust aftertreatment systems market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading automotive exhaust aftertreatment systems market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global automotive exhaust aftertreatment systems market is segmented on the basis of product and vehicle. Based on product, the automotive exhaust aftertreatment systems market is segmented into: three way catalytic convertor, diesel particulate filter (DPF), diesel oxidation catalyst (DOC), selective catalytic reduction (SCR), gasoline particulate filter (GPF), lean NOx trap (LNT), and others. On the basis of vehicle, the automotive exhaust aftertreatment systems market is segmented into: passenger car, light commercial vehicle, and heavy commercial vehicle.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global automotive exhaust aftertreatment systems market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The automotive exhaust aftertreatment systems market by each region is later sub-segmented by respective countries and segments. The automotive exhaust aftertreatment systems market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the automotive exhaust aftertreatment systems market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the automotive exhaust aftertreatment systems market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global automotive exhaust aftertreatment systems market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The automotive exhaust aftertreatment systems market by each region is later sub-segmented by respective countries and segments. The automotive exhaust aftertreatment systems market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the automotive exhaust aftertreatment systems market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the automotive exhaust aftertreatment systems market in these regions.
MARKET PLAYERS
The reports cover key developments in the automotive exhaust aftertreatment systems market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from automotive exhaust aftertreatment systems market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the automotive exhaust aftertreatment systems market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the automotive exhaust aftertreatment systems market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Bosal Group
- Cummins
- Donaldson Company, Inc.
- Eberspächer
- Friedrich Boysen GmbH and Co. KG
- Johnson Matthey
- Magneti Marelli
- Rheinmetall Automotive AG
- Tenneco Inc.
- Wuxi Weifu International Trade Co.,Ltd.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
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
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Automotive Exhaust Aftertreatment Systems Market - By Product
1.3.2 Automotive Exhaust Aftertreatment Systems Market - By Vehicle
1.3.3 Automotive Exhaust Aftertreatment Systems Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AUTOMOTIVE EXHAUST AFTERTREATMENT SYSTEMS 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. AUTOMOTIVE EXHAUST AFTERTREATMENT SYSTEMS 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 EXHAUST AFTERTREATMENT SYSTEMS MARKET - GLOBAL MARKET ANALYSIS
6.1. AUTOMOTIVE EXHAUST AFTERTREATMENT SYSTEMS - GLOBAL MARKET OVERVIEW
6.2. AUTOMOTIVE EXHAUST AFTERTREATMENT SYSTEMS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. AUTOMOTIVE EXHAUST AFTERTREATMENT SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. THREE WAY CATALYTIC CONVERTOR
7.3.1. Overview
7.3.2. Three Way Catalytic Convertor Market Forecast and Analysis
7.4. DIESEL PARTICULATE FILTER (DPF)
7.4.1. Overview
7.4.2. Diesel Particulate Filter (DPF) Market Forecast and Analysis
7.5. DIESEL OXIDATION CATALYST (DOC)
7.5.1. Overview
7.5.2. Diesel Oxidation Catalyst (DOC) Market Forecast and Analysis
7.6. SELECTIVE CATALYTIC REDUCTION (SCR)
7.6.1. Overview
7.6.2. Selective Catalytic Reduction (SCR) Market Forecast and Analysis
7.7. GASOLINE PARTICULATE FILTER (GPF)
7.7.1. Overview
7.7.2. Gasoline Particulate Filter (GPF) Market Forecast and Analysis
7.8. LEAN NOX TRAP (LNT)
7.8.1. Overview
7.8.2. Lean NOx Trap (LNT) Market Forecast and Analysis
7.9. OTHERS
7.9.1. Overview
7.9.2. Others Market Forecast and Analysis
8. AUTOMOTIVE EXHAUST AFTERTREATMENT SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 - VEHICLE
8.1. OVERVIEW
8.2. VEHICLE MARKET FORECASTS AND ANALYSIS
8.3. PASSENGER CAR
8.3.1. Overview
8.3.2. Passenger Car Market Forecast and Analysis
8.4. LIGHT COMMERCIAL VEHICLE
8.4.1. Overview
8.4.2. Light Commercial Vehicle Market Forecast and Analysis
8.5. HEAVY COMMERCIAL VEHICLE
8.5.1. Overview
8.5.2. Heavy Commercial Vehicle Market Forecast and Analysis
9. AUTOMOTIVE EXHAUST AFTERTREATMENT SYSTEMS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Automotive Exhaust Aftertreatment Systems Market Overview
9.1.2 North America Automotive Exhaust Aftertreatment Systems Market Forecasts and Analysis
9.1.3 North America Automotive Exhaust Aftertreatment Systems Market Forecasts and Analysis - By Product
9.1.4 North America Automotive Exhaust Aftertreatment Systems Market Forecasts and Analysis - By Vehicle
9.1.5 North America Automotive Exhaust Aftertreatment Systems Market Forecasts and Analysis - By Countries
9.1.5.1 United States Automotive Exhaust Aftertreatment Systems Market
9.1.5.1.1 United States Automotive Exhaust Aftertreatment Systems Market by Product
9.1.5.1.2 United States Automotive Exhaust Aftertreatment Systems Market by Vehicle
9.1.5.2 Canada Automotive Exhaust Aftertreatment Systems Market
9.1.5.2.1 Canada Automotive Exhaust Aftertreatment Systems Market by Product
9.1.5.2.2 Canada Automotive Exhaust Aftertreatment Systems Market by Vehicle
9.1.5.3 Mexico Automotive Exhaust Aftertreatment Systems Market
9.1.5.3.1 Mexico Automotive Exhaust Aftertreatment Systems Market by Product
9.1.5.3.2 Mexico Automotive Exhaust Aftertreatment Systems Market by Vehicle
9.2. EUROPE
9.2.1 Europe Automotive Exhaust Aftertreatment Systems Market Overview
9.2.2 Europe Automotive Exhaust Aftertreatment Systems Market Forecasts and Analysis
9.2.3 Europe Automotive Exhaust Aftertreatment Systems Market Forecasts and Analysis - By Product
9.2.4 Europe Automotive Exhaust Aftertreatment Systems Market Forecasts and Analysis - By Vehicle
9.2.5 Europe Automotive Exhaust Aftertreatment Systems Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Automotive Exhaust Aftertreatment Systems Market
9.2.5.1.1 Germany Automotive Exhaust Aftertreatment Systems Market by Product
9.2.5.1.2 Germany Automotive Exhaust Aftertreatment Systems Market by Vehicle
9.2.5.2 France Automotive Exhaust Aftertreatment Systems Market
9.2.5.2.1 France Automotive Exhaust Aftertreatment Systems Market by Product
9.2.5.2.2 France Automotive Exhaust Aftertreatment Systems Market by Vehicle
9.2.5.3 Italy Automotive Exhaust Aftertreatment Systems Market
9.2.5.3.1 Italy Automotive Exhaust Aftertreatment Systems Market by Product
9.2.5.3.2 Italy Automotive Exhaust Aftertreatment Systems Market by Vehicle
9.2.5.4 United Kingdom Automotive Exhaust Aftertreatment Systems Market
9.2.5.4.1 United Kingdom Automotive Exhaust Aftertreatment Systems Market by Product
9.2.5.4.2 United Kingdom Automotive Exhaust Aftertreatment Systems Market by Vehicle
9.2.5.5 Russia Automotive Exhaust Aftertreatment Systems Market
9.2.5.5.1 Russia Automotive Exhaust Aftertreatment Systems Market by Product
9.2.5.5.2 Russia Automotive Exhaust Aftertreatment Systems Market by Vehicle
9.2.5.6 Rest of Europe Automotive Exhaust Aftertreatment Systems Market
9.2.5.6.1 Rest of Europe Automotive Exhaust Aftertreatment Systems Market by Product
9.2.5.6.2 Rest of Europe Automotive Exhaust Aftertreatment Systems Market by Vehicle
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Automotive Exhaust Aftertreatment Systems Market Overview
9.3.2 Asia-Pacific Automotive Exhaust Aftertreatment Systems Market Forecasts and Analysis
9.3.3 Asia-Pacific Automotive Exhaust Aftertreatment Systems Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Automotive Exhaust Aftertreatment Systems Market Forecasts and Analysis - By Vehicle
9.3.5 Asia-Pacific Automotive Exhaust Aftertreatment Systems Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Automotive Exhaust Aftertreatment Systems Market
9.3.5.1.1 Australia Automotive Exhaust Aftertreatment Systems Market by Product
9.3.5.1.2 Australia Automotive Exhaust Aftertreatment Systems Market by Vehicle
9.3.5.2 China Automotive Exhaust Aftertreatment Systems Market
9.3.5.2.1 China Automotive Exhaust Aftertreatment Systems Market by Product
9.3.5.2.2 China Automotive Exhaust Aftertreatment Systems Market by Vehicle
9.3.5.3 India Automotive Exhaust Aftertreatment Systems Market
9.3.5.3.1 India Automotive Exhaust Aftertreatment Systems Market by Product
9.3.5.3.2 India Automotive Exhaust Aftertreatment Systems Market by Vehicle
9.3.5.4 Japan Automotive Exhaust Aftertreatment Systems Market
9.3.5.4.1 Japan Automotive Exhaust Aftertreatment Systems Market by Product
9.3.5.4.2 Japan Automotive Exhaust Aftertreatment Systems Market by Vehicle
9.3.5.5 South Korea Automotive Exhaust Aftertreatment Systems Market
9.3.5.5.1 South Korea Automotive Exhaust Aftertreatment Systems Market by Product
9.3.5.5.2 South Korea Automotive Exhaust Aftertreatment Systems Market by Vehicle
9.3.5.6 Rest of Asia-Pacific Automotive Exhaust Aftertreatment Systems Market
9.3.5.6.1 Rest of Asia-Pacific Automotive Exhaust Aftertreatment Systems Market by Product
9.3.5.6.2 Rest of Asia-Pacific Automotive Exhaust Aftertreatment Systems Market by Vehicle
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Automotive Exhaust Aftertreatment Systems Market Overview
9.4.2 Middle East and Africa Automotive Exhaust Aftertreatment Systems Market Forecasts and Analysis
9.4.3 Middle East and Africa Automotive Exhaust Aftertreatment Systems Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Automotive Exhaust Aftertreatment Systems Market Forecasts and Analysis - By Vehicle
9.4.5 Middle East and Africa Automotive Exhaust Aftertreatment Systems Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Automotive Exhaust Aftertreatment Systems Market
9.4.5.1.1 South Africa Automotive Exhaust Aftertreatment Systems Market by Product
9.4.5.1.2 South Africa Automotive Exhaust Aftertreatment Systems Market by Vehicle
9.4.5.2 Saudi Arabia Automotive Exhaust Aftertreatment Systems Market
9.4.5.2.1 Saudi Arabia Automotive Exhaust Aftertreatment Systems Market by Product
9.4.5.2.2 Saudi Arabia Automotive Exhaust Aftertreatment Systems Market by Vehicle
9.4.5.3 U.A.E Automotive Exhaust Aftertreatment Systems Market
9.4.5.3.1 U.A.E Automotive Exhaust Aftertreatment Systems Market by Product
9.4.5.3.2 U.A.E Automotive Exhaust Aftertreatment Systems Market by Vehicle
9.4.5.4 Rest of Middle East and Africa Automotive Exhaust Aftertreatment Systems Market
9.4.5.4.1 Rest of Middle East and Africa Automotive Exhaust Aftertreatment Systems Market by Product
9.4.5.4.2 Rest of Middle East and Africa Automotive Exhaust Aftertreatment Systems Market by Vehicle
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Automotive Exhaust Aftertreatment Systems Market Overview
9.5.2 South and Central America Automotive Exhaust Aftertreatment Systems Market Forecasts and Analysis
9.5.3 South and Central America Automotive Exhaust Aftertreatment Systems Market Forecasts and Analysis - By Product
9.5.4 South and Central America Automotive Exhaust Aftertreatment Systems Market Forecasts and Analysis - By Vehicle
9.5.5 South and Central America Automotive Exhaust Aftertreatment Systems Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Automotive Exhaust Aftertreatment Systems Market
9.5.5.1.1 Brazil Automotive Exhaust Aftertreatment Systems Market by Product
9.5.5.1.2 Brazil Automotive Exhaust Aftertreatment Systems Market by Vehicle
9.5.5.2 Argentina Automotive Exhaust Aftertreatment Systems Market
9.5.5.2.1 Argentina Automotive Exhaust Aftertreatment Systems Market by Product
9.5.5.2.2 Argentina Automotive Exhaust Aftertreatment Systems Market by Vehicle
9.5.5.3 Rest of South and Central America Automotive Exhaust Aftertreatment Systems Market
9.5.5.3.1 Rest of South and Central America Automotive Exhaust Aftertreatment Systems Market by Product
9.5.5.3.2 Rest of South and Central America Automotive Exhaust Aftertreatment Systems Market by Vehicle
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 EXHAUST AFTERTREATMENT SYSTEMS MARKET, KEY COMPANY PROFILES
11.1. BOSAL 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. CUMMINS
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. DONALDSON COMPANY, INC.
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. EBERSPäCHER
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. FRIEDRICH BOYSEN GMBH AND CO. KG
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. JOHNSON MATTHEY
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. MAGNETI MARELLI
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. RHEINMETALL AUTOMOTIVE AG
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. TENNECO INC.
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. WUXI WEIFU INTERNATIONAL TRADE CO.,LTD.
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
1. Bosal Group
2. Cummins
3. Donaldson Company, Inc.
4. Eberspächer
5. Friedrich Boysen GmbH and Co. KG
6. Johnson Matthey
7. Magneti Marelli
8. Rheinmetall Automotive AG
9. Tenneco Inc.
10. Wuxi Weifu International Trade Co.,Ltd.
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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