Automotive Gearbox Market SWOT Analysis by 2031
The Automotive Gearbox Market is expected to register a CAGR of 7.2% during 2023–2031. The rise in focus towards improving the efficiency of automotive gearbox for enhanced performance is likely to remain a key trend in the market.
Automotive Gearbox Market Analysis
- Driver for the automotive gearbox market are upgradation in gear shifting technologies it helps improve fuel efficiency, increase power and torque, and reduce wear and tear on your transmission, technological developments such as dual-clutch transmissions (DCTs), automated manual transmissions (AMTs), and continuously variable transmissions (CVTs) to enhance durability, performance, and fuel efficiency, increasing vehicle production, and emission standards are governmentally promulgated limits on the emission of a pollutant from a process.
- There are limits on the emission of specific gaseous, vapor, and particulate pollutants from any process and on their emission from specific processes. Growing consumer preference towards adoption of electric vehicles and light weighting are the prime opportunity for the automotive gearbox market growth.
Automotive Gearbox Market Overview
- A gearbox, also known as transmission, is a mechanical component that helps to transfer power from the engine to the wheels by using different gear ratios. It is usually located between the engine and the wheels, consisting of several gears, shafts and bearings. Growing consumer preference towards enhanced driving experience and smoother gear shifting are the prime factors support the automotive gearbox market growth. Another major factor supporting the market growth is the increasing demand for lightweight transmission systems.
- The Asia-Pacific will hold largest Automotive Gear Market, Europe is also poised to play an important role and North America is experiencing a huge push toward electric automobiles propelled by widespread adoption of advanced technologies and the dominance of major industry players.
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Automotive Gearbox Market: Strategic Insights
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Automotive Gearbox Market: Strategic Insights
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Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
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Automotive Gearbox Market Drivers and Opportunities
The Growth of the Automotive Industry Across the Globe to Favor the Market
- The automotive industry is experiencing steady growth worldwide with increasing vehicle production and sales. As the number of vehicles on the road continues to increase, there is a greater need for emissions testing and compliance. Automotive gearbox are essential tools for automobile manufacturers, service centers and regulators to ensure vehicles meet required manufacturing standards, driving demand for these components.
- As countries around the world pushed towards the rise in adoption of hybrid EVs for reducing carbon emissions and promote sustainability, production and sales of hybrid electric vehicles experienced significant growth. This expansion of the hybrid electric vehicle market created a need for advanced automotive gearbox.
Technological Advancement and the Utilization of Advanced Material in the Production of Automotive Gearbox
- The market offers opportunities for the development of lighter and higher performance materials for use in gearbox. The market growth is expected to be driven by the continued use of advanced materials in the production of gearbox, which include CFRP and graphene produced for automobile gearbox.
- The increasing demand for environmentally friendly and technologically advanced products provides the automotive gearbox industry with an opportunity to produce environmentally friendly gearbox that appeal to the consumer looking for environmentally friendly products.
Automotive Gearbox Market Report Segmentation Analysis
Key segments that contributed to the derivation of the automotive gearbox market analysis are type and vehicle type.
- Based on type, the automotive gearbox market is divided into manual transmission, automated manual transmission, continuous various transmission, dual clutch transmission, and torque converter.
- On the basis of vehicle type, the market is divided into passenger cars, light commercial vehicle, heavy commercial vehicle.
Automotive Gearbox Market Share Analysis by Geography
- Automotive Gearbox 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 America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering Automotive Gearbox 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 Gearbox Market in these regions.
Automotive Gearbox Market Report Scope
Automotive Gearbox Market News and Recent Developments
The Automotive Gearbox 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 Gearbox Market are listed below:
- ZF presented new e-drives for passenger cars and commercial vehicles, Friedrichshafen (Germany). ZF presented the latest generation of electric drives for passenger cars and light commercial vehicles. It sets standards through outstanding power density and energy efficiency. These include the compact design of the drives, the "discrete approach" in power electronics, and a resource-saving use of materials, which also makes the production of the drives more sustainable. (Source: ZF, Company Website, November 2022)
- Power management company Eaton today announced its Vehicle Group is developing gearing solutions for electrified vehicles (EVs). Leveraging its expertise in producing transmissions and contract manufactured gear-sets for passenger and commercial vehicles, the Vehicle Group aims to be a leader in the global design, development, and supply of EV reduction gearing. The new technology complements Eaton’s eMobility power electronics portfolio in the electrified vehicle powertrain market. (Source: Eaton Corporation, Company Website, February 2021)
Automotive Gearbox Market Report Coverage and Deliverables
The “Automotive Gearbox Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Automotive Gearbox Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Automotive Gearbox Market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Automotive Gearbox 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 Gearbox Market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The global automotive gearbox market is expected to grow at a CAGR of 7.2% during the forecast period 2023 - 2031.
Increasing sales of automobiles is the major factors driving the Automotive Gearbox Market.
The rise in focus towards improving the efficiency of automotive gearbox for enhanced performance is the key future trend in the global automotive gearbox market in the coming years.
The leading players operating in the automotive gearbox market include Eaton Corporation, BorgWarner Inc., Hyundai Transys, Allison Transmission Inc., Jatco Ltd., American Axle & Manufacturing Holdings Inc., GKN Automotive, ZF Friedrichshafen AG, Aisin Seiki Co., Ltd., Magna International Inc., and Schaeffler AG.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on the request are an additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
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 Gearbox Market - By Type
1.3.2 Automotive Gearbox Market - By Vehicle Type
1.3.3 Automotive Gearbox Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AUTOMOTIVE GEARBOX 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 GEARBOX 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 GEARBOX MARKET - GLOBAL MARKET ANALYSIS
6.1. AUTOMOTIVE GEARBOX - GLOBAL MARKET OVERVIEW
6.2. AUTOMOTIVE GEARBOX - GLOBAL MARKET AND FORECAST TO 2027
6.3. MARKET POSITIONING/MARKET SHARE
7. AUTOMOTIVE GEARBOX MARKET - REVENUE AND FORECASTS TO 2027 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. MANUAL TRANSMISSION
7.3.1. Overview
7.3.2. Manual Transmission Market Forecast and Analysis
7.4. AUTOMATED MANUAL TRANSMISSION
7.4.1. Overview
7.4.2. Automated Manual Transmission Market Forecast and Analysis
7.5. CONTINUOUS VARIOUS TRANSMISSION
7.5.1. Overview
7.5.2. Continuous Various Transmission Market Forecast and Analysis
7.6. DUAL CLUTCH TRANSMISSION
7.6.1. Overview
7.6.2. Dual Clutch Transmission Market Forecast and Analysis
7.7. TORQUE CONVERTER
7.7.1. Overview
7.7.2. Torque Converter Market Forecast and Analysis
8. AUTOMOTIVE GEARBOX MARKET - REVENUE AND FORECASTS TO 2027 - 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. 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 GEARBOX MARKET REVENUE AND FORECASTS TO 2027 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Automotive Gearbox Market Overview
9.1.2 North America Automotive Gearbox Market Forecasts and Analysis
9.1.3 North America Automotive Gearbox Market Forecasts and Analysis - By Type
9.1.4 North America Automotive Gearbox Market Forecasts and Analysis - By Vehicle Type
9.1.5 North America Automotive Gearbox Market Forecasts and Analysis - By Countries
9.1.5.1 United States Automotive Gearbox Market
9.1.5.1.1 United States Automotive Gearbox Market by Type
9.1.5.1.2 United States Automotive Gearbox Market by Vehicle Type
9.1.5.2 Canada Automotive Gearbox Market
9.1.5.2.1 Canada Automotive Gearbox Market by Type
9.1.5.2.2 Canada Automotive Gearbox Market by Vehicle Type
9.1.5.3 Mexico Automotive Gearbox Market
9.1.5.3.1 Mexico Automotive Gearbox Market by Type
9.1.5.3.2 Mexico Automotive Gearbox Market by Vehicle Type
9.2. EUROPE
9.2.1 Europe Automotive Gearbox Market Overview
9.2.2 Europe Automotive Gearbox Market Forecasts and Analysis
9.2.3 Europe Automotive Gearbox Market Forecasts and Analysis - By Type
9.2.4 Europe Automotive Gearbox Market Forecasts and Analysis - By Vehicle Type
9.2.5 Europe Automotive Gearbox Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Automotive Gearbox Market
9.2.5.1.1 Germany Automotive Gearbox Market by Type
9.2.5.1.2 Germany Automotive Gearbox Market by Vehicle Type
9.2.5.2 France Automotive Gearbox Market
9.2.5.2.1 France Automotive Gearbox Market by Type
9.2.5.2.2 France Automotive Gearbox Market by Vehicle Type
9.2.5.3 Italy Automotive Gearbox Market
9.2.5.3.1 Italy Automotive Gearbox Market by Type
9.2.5.3.2 Italy Automotive Gearbox Market by Vehicle Type
9.2.5.4 United Kingdom Automotive Gearbox Market
9.2.5.4.1 United Kingdom Automotive Gearbox Market by Type
9.2.5.4.2 United Kingdom Automotive Gearbox Market by Vehicle Type
9.2.5.5 Russia Automotive Gearbox Market
9.2.5.5.1 Russia Automotive Gearbox Market by Type
9.2.5.5.2 Russia Automotive Gearbox Market by Vehicle Type
9.2.5.6 Rest of Europe Automotive Gearbox Market
9.2.5.6.1 Rest of Europe Automotive Gearbox Market by Type
9.2.5.6.2 Rest of Europe Automotive Gearbox Market by Vehicle Type
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Automotive Gearbox Market Overview
9.3.2 Asia-Pacific Automotive Gearbox Market Forecasts and Analysis
9.3.3 Asia-Pacific Automotive Gearbox Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Automotive Gearbox Market Forecasts and Analysis - By Vehicle Type
9.3.5 Asia-Pacific Automotive Gearbox Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Automotive Gearbox Market
9.3.5.1.1 Australia Automotive Gearbox Market by Type
9.3.5.1.2 Australia Automotive Gearbox Market by Vehicle Type
9.3.5.2 China Automotive Gearbox Market
9.3.5.2.1 China Automotive Gearbox Market by Type
9.3.5.2.2 China Automotive Gearbox Market by Vehicle Type
9.3.5.3 India Automotive Gearbox Market
9.3.5.3.1 India Automotive Gearbox Market by Type
9.3.5.3.2 India Automotive Gearbox Market by Vehicle Type
9.3.5.4 Japan Automotive Gearbox Market
9.3.5.4.1 Japan Automotive Gearbox Market by Type
9.3.5.4.2 Japan Automotive Gearbox Market by Vehicle Type
9.3.5.5 South Korea Automotive Gearbox Market
9.3.5.5.1 South Korea Automotive Gearbox Market by Type
9.3.5.5.2 South Korea Automotive Gearbox Market by Vehicle Type
9.3.5.6 Rest of Asia-Pacific Automotive Gearbox Market
9.3.5.6.1 Rest of Asia-Pacific Automotive Gearbox Market by Type
9.3.5.6.2 Rest of Asia-Pacific Automotive Gearbox Market by Vehicle Type
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Automotive Gearbox Market Overview
9.4.2 Middle East and Africa Automotive Gearbox Market Forecasts and Analysis
9.4.3 Middle East and Africa Automotive Gearbox Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Automotive Gearbox Market Forecasts and Analysis - By Vehicle Type
9.4.5 Middle East and Africa Automotive Gearbox Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Automotive Gearbox Market
9.4.5.1.1 South Africa Automotive Gearbox Market by Type
9.4.5.1.2 South Africa Automotive Gearbox Market by Vehicle Type
9.4.5.2 Saudi Arabia Automotive Gearbox Market
9.4.5.2.1 Saudi Arabia Automotive Gearbox Market by Type
9.4.5.2.2 Saudi Arabia Automotive Gearbox Market by Vehicle Type
9.4.5.3 U.A.E Automotive Gearbox Market
9.4.5.3.1 U.A.E Automotive Gearbox Market by Type
9.4.5.3.2 U.A.E Automotive Gearbox Market by Vehicle Type
9.4.5.4 Rest of Middle East and Africa Automotive Gearbox Market
9.4.5.4.1 Rest of Middle East and Africa Automotive Gearbox Market by Type
9.4.5.4.2 Rest of Middle East and Africa Automotive Gearbox Market by Vehicle Type
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Automotive Gearbox Market Overview
9.5.2 South and Central America Automotive Gearbox Market Forecasts and Analysis
9.5.3 South and Central America Automotive Gearbox Market Forecasts and Analysis - By Type
9.5.4 South and Central America Automotive Gearbox Market Forecasts and Analysis - By Vehicle Type
9.5.5 South and Central America Automotive Gearbox Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Automotive Gearbox Market
9.5.5.1.1 Brazil Automotive Gearbox Market by Type
9.5.5.1.2 Brazil Automotive Gearbox Market by Vehicle Type
9.5.5.2 Argentina Automotive Gearbox Market
9.5.5.2.1 Argentina Automotive Gearbox Market by Type
9.5.5.2.2 Argentina Automotive Gearbox Market by Vehicle Type
9.5.5.3 Rest of South and Central America Automotive Gearbox Market
9.5.5.3.1 Rest of South and Central America Automotive Gearbox Market by Type
9.5.5.3.2 Rest of South and Central America Automotive Gearbox 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 GEARBOX 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. ALLISON TRANSMISSION INC.
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. CONTINENTAL AG
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. EATON CORPORATION
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. MAGNETI MARELLI S.P.A.
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. MAGNA INTERNATIONAL INC.
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. NISSAN MOTOR CO 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. PUNCH POWERTRAIN NV
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. SCHAEFFLER AG
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. Allison Transmission Inc.
3. Continental AG
4. Eaton Corporation
5. Magneti Marelli S.p.A.
6. Magna International Inc.
7. Nissan Motor Co Ltd
8. PUNCH POWERTRAIN NV
9. Schaeffler AG
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.
- 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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