Automotive Jack Market Opportunities 2031
Automotive Jack is a mechanical device usually employed for lifting, positioning, and adjusting of the automotive in varied fields. Automotive jacks are used for lifting heavy vehicles. The global automotive jack market is anticipated to expand rapidly during the forecast period, owing to the increasing demand in the automotive industry.
MARKET DYNAMICS
The increase in automotive maintenance activities is the major factor driving the growth of the automotive jack market. The automotive jacks are used for all types of heavy vehicles such as excavators and forklifts. This, in turn, is expected to boost the demand for automotive jacks in heavy industries during the forecast period.
MARKET SCOPE
The "Global Automotive Jack Market Analysis to 2031" is a specialized and in-depth study of the automotive jack market with a special focus on the global market trend analysis. The report aims to provide an overview of automotive jack market with detailed market segmentation by type, pump type, weight capacity, vehicle type. The global automotive jack market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading automotive jack market players and offers key trends and opportunities in the automotive jack market.
MARKET SEGMENTATION
The global automotive jack market is segmented on the basis of type, pump type, weight capacity, vehicle type. On the basis of type, the market is segmented as floor jacks, scissor jacks, hydraulic bottle jacks, hi-lift jacks, high tonnage jacks, forklift jacks. On the basis of pump type, the market is segmented as manual, pneumatic, electric, hydraulic. On the basis of weight capacity, the market is segmented as less than 2 tons, 2 tons to 4 tons, 5 tons to 10 tons, 11 tons to 25 tons, 26 tons to 50 tons, more than 50 tons. On the basis of vehicle type, the market is segmented as passenger car, light commercial vehicle, heavy commercial vehicle, industrial vehicle.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global automotive jack market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The automotive jack market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting automotive jack market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the automotive jack market in these regions.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global automotive jack market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The automotive jack market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting automotive jack market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the automotive jack market in these regions.
MARKET PLAYERS
The reports cover key developments in the automotive jack 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 expansion of business and customer base of market players. The market players from automotive jack market are anticipated to lucrative growth opportunities in the future with the rising demand for automotive jack market. Below mentioned is the list of few companies engaged in the automotive jack market.
The report also includes the profiles of key automotive jack market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Affjaxx
- ARGO MANUFACTURING CO
- ESCO Equipment Supply Company
- JandS Jacks, LLC.
- Milwaukee Hydraulics
- Norco Lifting Equipment
- Shinn Fu Company of America, Inc
- Simplex
- US Jack
- Weaver Jacks Corporation
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 Jack Market - By Type
1.3.2 Automotive Jack Market - By Pump Type
1.3.3 Automotive Jack Market - By Weight Capacity
1.3.4 Automotive Jack Market - By Vehicle Type
1.3.5 Automotive Jack Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AUTOMOTIVE JACK 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 JACK 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, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. AUTOMOTIVE JACK MARKET - GLOBAL MARKET ANALYSIS
6.1. AUTOMOTIVE JACK - GLOBAL MARKET OVERVIEW
6.2. AUTOMOTIVE JACK - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. AUTOMOTIVE JACK MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. FLOOR JACKS
7.3.1. Overview
7.3.2. Floor Jacks Market Forecast and Analysis
7.4. SCISSOR JACKS
7.4.1. Overview
7.4.2. Scissor Jacks Market Forecast and Analysis
7.5. HYDRAULIC BOTTLE JACKS
7.5.1. Overview
7.5.2. Hydraulic Bottle Jacks Market Forecast and Analysis
7.6. HI-LIFT JACKS
7.6.1. Overview
7.6.2. Hi-Lift Jacks Market Forecast and Analysis
7.7. HIGH TONNAGE JACKS
7.7.1. Overview
7.7.2. High Tonnage Jacks Market Forecast and Analysis
7.8. FORKLIFT JACKS
7.8.1. Overview
7.8.2. Forklift Jacks Market Forecast and Analysis
8. AUTOMOTIVE JACK MARKET - REVENUE AND FORECASTS TO 2028 - PUMP TYPE
8.1. OVERVIEW
8.2. PUMP TYPE MARKET FORECASTS AND ANALYSIS
8.3. MANUAL
8.3.1. Overview
8.3.2. Manual Market Forecast and Analysis
8.4. PNEUMATIC
8.4.1. Overview
8.4.2. Pneumatic Market Forecast and Analysis
8.5. ELECTRIC
8.5.1. Overview
8.5.2. Electric Market Forecast and Analysis
8.6. HYDRAULIC
8.6.1. Overview
8.6.2. Hydraulic Market Forecast and Analysis
9. AUTOMOTIVE JACK MARKET - REVENUE AND FORECASTS TO 2028 - WEIGHT CAPACITY
9.1. OVERVIEW
9.2. WEIGHT CAPACITY MARKET FORECASTS AND ANALYSIS
9.3. LESS THAN 2 TONS
9.3.1. Overview
9.3.2. Less than 2 tons Market Forecast and Analysis
9.4. 2 TONS TO 4 TONS
9.4.1. Overview
9.4.2. 2 Tons to 4 Tons Market Forecast and Analysis
9.5. 5 TONS TO 10 TONS
9.5.1. Overview
9.5.2. 5 Tons to 10 Tons Market Forecast and Analysis
9.6. 11 TONS TO 25 TONS
9.6.1. Overview
9.6.2. 11 Tons to 25 Tons Market Forecast and Analysis
9.7. 26 TONS TO 50 TONS
9.7.1. Overview
9.7.2. 26 Tons to 50 Tons Market Forecast and Analysis
9.8. MORE THAN 50 TONS
9.8.1. Overview
9.8.2. More than 50 Tons Market Forecast and Analysis
10. AUTOMOTIVE JACK MARKET - REVENUE AND FORECASTS TO 2028 - VEHICLE TYPE
10.1. OVERVIEW
10.2. VEHICLE TYPE MARKET FORECASTS AND ANALYSIS
10.3. PASSENGER CAR
10.3.1. Overview
10.3.2. Passenger Car Market Forecast and Analysis
10.4. LIGHT COMMERCIAL VEHICLE
10.4.1. Overview
10.4.2. Light Commercial Vehicle Market Forecast and Analysis
10.5. HEAVY COMMERCIAL VEHICLE
10.5.1. Overview
10.5.2. Heavy Commercial Vehicle Market Forecast and Analysis
10.6. INDUSTRIAL VEHICLE
10.6.1. Overview
10.6.2. Industrial Vehicle Market Forecast and Analysis
11. AUTOMOTIVE JACK MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Automotive Jack Market Overview
11.1.2 North America Automotive Jack Market Forecasts and Analysis
11.1.3 North America Automotive Jack Market Forecasts and Analysis - By Type
11.1.4 North America Automotive Jack Market Forecasts and Analysis - By Pump Type
11.1.5 North America Automotive Jack Market Forecasts and Analysis - By Weight Capacity
11.1.6 North America Automotive Jack Market Forecasts and Analysis - By Vehicle Type
11.1.7 North America Automotive Jack Market Forecasts and Analysis - By Countries
11.1.7.1 United States Automotive Jack Market
11.1.7.1.1 United States Automotive Jack Market by Type
11.1.7.1.2 United States Automotive Jack Market by Pump Type
11.1.7.1.3 United States Automotive Jack Market by Weight Capacity
11.1.7.1.4 United States Automotive Jack Market by Vehicle Type
11.1.7.2 Canada Automotive Jack Market
11.1.7.2.1 Canada Automotive Jack Market by Type
11.1.7.2.2 Canada Automotive Jack Market by Pump Type
11.1.7.2.3 Canada Automotive Jack Market by Weight Capacity
11.1.7.2.4 Canada Automotive Jack Market by Vehicle Type
11.1.7.3 Mexico Automotive Jack Market
11.1.7.3.1 Mexico Automotive Jack Market by Type
11.1.7.3.2 Mexico Automotive Jack Market by Pump Type
11.1.7.3.3 Mexico Automotive Jack Market by Weight Capacity
11.1.7.3.4 Mexico Automotive Jack Market by Vehicle Type
11.2. EUROPE
11.2.1 Europe Automotive Jack Market Overview
11.2.2 Europe Automotive Jack Market Forecasts and Analysis
11.2.3 Europe Automotive Jack Market Forecasts and Analysis - By Type
11.2.4 Europe Automotive Jack Market Forecasts and Analysis - By Pump Type
11.2.5 Europe Automotive Jack Market Forecasts and Analysis - By Weight Capacity
11.2.6 Europe Automotive Jack Market Forecasts and Analysis - By Vehicle Type
11.2.7 Europe Automotive Jack Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Automotive Jack Market
11.2.7.1.1 Germany Automotive Jack Market by Type
11.2.7.1.2 Germany Automotive Jack Market by Pump Type
11.2.7.1.3 Germany Automotive Jack Market by Weight Capacity
11.2.7.1.4 Germany Automotive Jack Market by Vehicle Type
11.2.7.2 France Automotive Jack Market
11.2.7.2.1 France Automotive Jack Market by Type
11.2.7.2.2 France Automotive Jack Market by Pump Type
11.2.7.2.3 France Automotive Jack Market by Weight Capacity
11.2.7.2.4 France Automotive Jack Market by Vehicle Type
11.2.7.3 Italy Automotive Jack Market
11.2.7.3.1 Italy Automotive Jack Market by Type
11.2.7.3.2 Italy Automotive Jack Market by Pump Type
11.2.7.3.3 Italy Automotive Jack Market by Weight Capacity
11.2.7.3.4 Italy Automotive Jack Market by Vehicle Type
11.2.7.4 United Kingdom Automotive Jack Market
11.2.7.4.1 United Kingdom Automotive Jack Market by Type
11.2.7.4.2 United Kingdom Automotive Jack Market by Pump Type
11.2.7.4.3 United Kingdom Automotive Jack Market by Weight Capacity
11.2.7.4.4 United Kingdom Automotive Jack Market by Vehicle Type
11.2.7.5 Russia Automotive Jack Market
11.2.7.5.1 Russia Automotive Jack Market by Type
11.2.7.5.2 Russia Automotive Jack Market by Pump Type
11.2.7.5.3 Russia Automotive Jack Market by Weight Capacity
11.2.7.5.4 Russia Automotive Jack Market by Vehicle Type
11.2.7.6 Rest of Europe Automotive Jack Market
11.2.7.6.1 Rest of Europe Automotive Jack Market by Type
11.2.7.6.2 Rest of Europe Automotive Jack Market by Pump Type
11.2.7.6.3 Rest of Europe Automotive Jack Market by Weight Capacity
11.2.7.6.4 Rest of Europe Automotive Jack Market by Vehicle Type
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Automotive Jack Market Overview
11.3.2 Asia-Pacific Automotive Jack Market Forecasts and Analysis
11.3.3 Asia-Pacific Automotive Jack Market Forecasts and Analysis - By Type
11.3.4 Asia-Pacific Automotive Jack Market Forecasts and Analysis - By Pump Type
11.3.5 Asia-Pacific Automotive Jack Market Forecasts and Analysis - By Weight Capacity
11.3.6 Asia-Pacific Automotive Jack Market Forecasts and Analysis - By Vehicle Type
11.3.7 Asia-Pacific Automotive Jack Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Automotive Jack Market
11.3.7.1.1 Australia Automotive Jack Market by Type
11.3.7.1.2 Australia Automotive Jack Market by Pump Type
11.3.7.1.3 Australia Automotive Jack Market by Weight Capacity
11.3.7.1.4 Australia Automotive Jack Market by Vehicle Type
11.3.7.2 China Automotive Jack Market
11.3.7.2.1 China Automotive Jack Market by Type
11.3.7.2.2 China Automotive Jack Market by Pump Type
11.3.7.2.3 China Automotive Jack Market by Weight Capacity
11.3.7.2.4 China Automotive Jack Market by Vehicle Type
11.3.7.3 India Automotive Jack Market
11.3.7.3.1 India Automotive Jack Market by Type
11.3.7.3.2 India Automotive Jack Market by Pump Type
11.3.7.3.3 India Automotive Jack Market by Weight Capacity
11.3.7.3.4 India Automotive Jack Market by Vehicle Type
11.3.7.4 Japan Automotive Jack Market
11.3.7.4.1 Japan Automotive Jack Market by Type
11.3.7.4.2 Japan Automotive Jack Market by Pump Type
11.3.7.4.3 Japan Automotive Jack Market by Weight Capacity
11.3.7.4.4 Japan Automotive Jack Market by Vehicle Type
11.3.7.5 South Korea Automotive Jack Market
11.3.7.5.1 South Korea Automotive Jack Market by Type
11.3.7.5.2 South Korea Automotive Jack Market by Pump Type
11.3.7.5.3 South Korea Automotive Jack Market by Weight Capacity
11.3.7.5.4 South Korea Automotive Jack Market by Vehicle Type
11.3.7.6 Rest of Asia-Pacific Automotive Jack Market
11.3.7.6.1 Rest of Asia-Pacific Automotive Jack Market by Type
11.3.7.6.2 Rest of Asia-Pacific Automotive Jack Market by Pump Type
11.3.7.6.3 Rest of Asia-Pacific Automotive Jack Market by Weight Capacity
11.3.7.6.4 Rest of Asia-Pacific Automotive Jack Market by Vehicle Type
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Automotive Jack Market Overview
11.4.2 Middle East and Africa Automotive Jack Market Forecasts and Analysis
11.4.3 Middle East and Africa Automotive Jack Market Forecasts and Analysis - By Type
11.4.4 Middle East and Africa Automotive Jack Market Forecasts and Analysis - By Pump Type
11.4.5 Middle East and Africa Automotive Jack Market Forecasts and Analysis - By Weight Capacity
11.4.6 Middle East and Africa Automotive Jack Market Forecasts and Analysis - By Vehicle Type
11.4.7 Middle East and Africa Automotive Jack Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Automotive Jack Market
11.4.7.1.1 South Africa Automotive Jack Market by Type
11.4.7.1.2 South Africa Automotive Jack Market by Pump Type
11.4.7.1.3 South Africa Automotive Jack Market by Weight Capacity
11.4.7.1.4 South Africa Automotive Jack Market by Vehicle Type
11.4.7.2 Saudi Arabia Automotive Jack Market
11.4.7.2.1 Saudi Arabia Automotive Jack Market by Type
11.4.7.2.2 Saudi Arabia Automotive Jack Market by Pump Type
11.4.7.2.3 Saudi Arabia Automotive Jack Market by Weight Capacity
11.4.7.2.4 Saudi Arabia Automotive Jack Market by Vehicle Type
11.4.7.3 U.A.E Automotive Jack Market
11.4.7.3.1 U.A.E Automotive Jack Market by Type
11.4.7.3.2 U.A.E Automotive Jack Market by Pump Type
11.4.7.3.3 U.A.E Automotive Jack Market by Weight Capacity
11.4.7.3.4 U.A.E Automotive Jack Market by Vehicle Type
11.4.7.4 Rest of Middle East and Africa Automotive Jack Market
11.4.7.4.1 Rest of Middle East and Africa Automotive Jack Market by Type
11.4.7.4.2 Rest of Middle East and Africa Automotive Jack Market by Pump Type
11.4.7.4.3 Rest of Middle East and Africa Automotive Jack Market by Weight Capacity
11.4.7.4.4 Rest of Middle East and Africa Automotive Jack Market by Vehicle Type
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Automotive Jack Market Overview
11.5.2 South and Central America Automotive Jack Market Forecasts and Analysis
11.5.3 South and Central America Automotive Jack Market Forecasts and Analysis - By Type
11.5.4 South and Central America Automotive Jack Market Forecasts and Analysis - By Pump Type
11.5.5 South and Central America Automotive Jack Market Forecasts and Analysis - By Weight Capacity
11.5.6 South and Central America Automotive Jack Market Forecasts and Analysis - By Vehicle Type
11.5.7 South and Central America Automotive Jack Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Automotive Jack Market
11.5.7.1.1 Brazil Automotive Jack Market by Type
11.5.7.1.2 Brazil Automotive Jack Market by Pump Type
11.5.7.1.3 Brazil Automotive Jack Market by Weight Capacity
11.5.7.1.4 Brazil Automotive Jack Market by Vehicle Type
11.5.7.2 Argentina Automotive Jack Market
11.5.7.2.1 Argentina Automotive Jack Market by Type
11.5.7.2.2 Argentina Automotive Jack Market by Pump Type
11.5.7.2.3 Argentina Automotive Jack Market by Weight Capacity
11.5.7.2.4 Argentina Automotive Jack Market by Vehicle Type
11.5.7.3 Rest of South and Central America Automotive Jack Market
11.5.7.3.1 Rest of South and Central America Automotive Jack Market by Type
11.5.7.3.2 Rest of South and Central America Automotive Jack Market by Pump Type
11.5.7.3.3 Rest of South and Central America Automotive Jack Market by Weight Capacity
11.5.7.3.4 Rest of South and Central America Automotive Jack Market by Vehicle Type
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. AUTOMOTIVE JACK MARKET, KEY COMPANY PROFILES
13.1. AFFJAXX
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. ARGO MANUFACTURING CO
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. ESCO EQUIPMENT SUPPLY COMPANY
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. JANDS JACKS, LLC.
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. MILWAUKEE HYDRAULICS
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. NORCO LIFTING EQUIPMENT
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. SHINN FU COMPANY OF AMERICA, INC
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. SIMPLEX
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. US JACK
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. WEAVER JACKS CORPORATION
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1. Affjaxx
2. ARGO MANUFACTURING CO
3. ESCO Equipment Supply Company
4. JandS Jacks, LLC.
5. Milwaukee Hydraulics
6. Norco Lifting Equipment
7. Shinn Fu Company of America, Inc
8. Simplex
9. US Jack
10. Weaver Jacks Corporation
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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