Automotive Leaf Spring Market Opportunities 2031
The automotive leaf spring market is expected to register a CAGR of 3.9% during 2023–2031. The growing adoption of large commercial vehicles is one of the major trends in the automotive leaf spring market.
Automotive Leaf Spring Market Analysis
- The growing commercial vehicle industry is one of the vital factors fuelling the automotive leaf spring market expansion.
- The global boom in the e-commerce and logistics sectors has witnessed a dramatic rise in the demand for commercial vehicles such as trucks and trailers. Such commercial vehicles need a sturdy suspension system to handle the heavy loads and provide stability. Owing to its characteristic of distributing weight uniformly and offering enhanced stability, leaf springs are used abundantly in commercial vehicles, thereby catalysing the automotive leaf spring market growth.
Automotive Leaf Spring Market Overview
- The global Automotive leaf spring market has emerged as one of the most lucrative markets in the last few years owing to the high demand of the commercial vehicles, coupled with the increased focus on improving the ride quality of the vehicles. Automotive leaf spring is one of the most important parts of the suspensions.
- The use of leaf springs has increased in the automobile industry vehicles are getting lightened because it reduces emissions and give more elegance of mileage, the leaf springs made up of composite material and not such heavier than old suspension devices so in future passenger cars the leaves are used. This also ensured light weight and fast automotive means which ensure to lift the market boom.
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Automotive Leaf Spring 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 Leaf Spring 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 Leaf Spring Market Drivers and Opportunities
Growing Adoption of Passenger Cars and Commercial Vehicles
- Overall, the automotive leaf spring market is increasing at a significant rate due to a higher rate of passenger cars and commercial vehicles. Moreover, the demand for lightweight vehicles as well as growth in manufacturing technologies is also supporting the growth of automotive leaf springs market.
- According to the OICA data, the global passenger vehicle sales was around 57.27 million units in 2021 that further reached to around 65.27 million units in 2023.
- Similarly, according to the OICA data, the global overall vehicle sales was around 83.64 million units in 2021 that further reached to around 92.72 million units in 2023. These figures include passenger as well as commercial vehicles in total.
Higher Adoption of Lightweight Material
- Adoption of advanced composite material like fiberglass, reinforced plastic to reduced weight, stiffness and improve vehicle durability compared to the traditional steel springs.
- The growth is driven by increasing demand of lightweight vehicle according to Department of Energy the advanced material reduces 10% of vehicle weight which can result in 6%-8% fuel because it takes less energy to accelerate lighter object.
Automotive Leaf Spring Market Report Segmentation Analysis
Key segments that contributed to the derivation of the automotive leaf spring market analysis are number of plates and vehicle type.
- Based on number of plates, the automotive leaf spring market is divided into multi leaf springs and mono leaf springs.
- On the basis of vehicle type, the market is divided into passenger vehicle and commercial vehicle.
Automotive Leaf Spring Market Share Analysis by Geography
- Automotive Leaf Spring 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 leaf spring 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 leaf spring market in these regions.
Automotive Leaf Spring Market Report Scope
Automotive Leaf Spring Market News and Recent Developments
The automotive leaf spring 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 leaf spring market are listed below:
- Hendrickson Truck Commercial Vehicle Systems announces its lightest weight 46,000 lb. capacity rear air suspension, ROADMAAX Z. Hendrickson’s ROADMAAX Z rear air suspension system provides excellent on- and off-highway performance, ride quality, and cargo protection for demanding applications. (Source: Hendrickson, Company Website, March 2024)
- Dorman Products, Inc. (the “Company” or “Dorman”) (NASDAQ:DORM), a leading supplier in the automotive aftermarket industry, today announced that it completed the acquisition of Dayton Parts (“Dayton”) for a total cash consideration of approximately $338 million, subject to customary purchase price adjustments. (Source: Dorman Products Inc, Company Website, August 2021)
Automotive Leaf Spring Market Report Coverage and Deliverables
The “Automotive Leaf Spring Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Automotive leaf spring market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Automotive leaf spring market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST analysis
- Automotive leaf spring 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 leaf spring 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
This text is related
to country scope.
Frequently Asked Questions
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.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
The leading players operating in the automotive leaf spring market are Hendrickson USA LLC, Emco Industries, SGL Group SE, Mack Springs, Sogefi SpA, IFC Composite GmbH, Frauenthal Group, Mitsubishi Steel Mfg Co Ltd, Eaton, and NHK Spring Co Ltd.
The growing adoption of large commercial vehicles in the global automotive leaf spring market in the coming years.
The global automotive leaf spring market is expected to grow at a CAGR of 3.9% during the forecast period 2023 - 2031.
The increasing sales of passenger and commercial vehicles is one of the major factors driving the automotive leaf spring market.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Automotive Leaf Spring Market - By Number of Plates
1.3.2 Automotive Leaf Spring Market - By Vehicle Type
1.3.3 Automotive Leaf Spring Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AUTOMOTIVE LEAF SPRING 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 LEAF SPRING 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 LEAF SPRING MARKET - GLOBAL MARKET ANALYSIS
6.1. AUTOMOTIVE LEAF SPRING - GLOBAL MARKET OVERVIEW
6.2. AUTOMOTIVE LEAF SPRING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. AUTOMOTIVE LEAF SPRING MARKET - REVENUE AND FORECASTS TO 2028 - NUMBER OF PLATES
7.1. OVERVIEW
7.2. NUMBER OF PLATES MARKET FORECASTS AND ANALYSIS
7.3. MULTI LEAF SPRINGS
7.3.1. Overview
7.3.2. Multi Leaf Springs Market Forecast and Analysis
7.4. MONO LEAF SPRINGS
7.4.1. Overview
7.4.2. Mono Leaf Springs Market Forecast and Analysis
8. AUTOMOTIVE LEAF SPRING MARKET - REVENUE AND FORECASTS TO 2028 - VEHICLE TYPE
8.1. OVERVIEW
8.2. VEHICLE TYPE MARKET FORECASTS AND ANALYSIS
8.3. PASSENGER VEHICLE
8.3.1. Overview
8.3.2. Passenger Vehicle Market Forecast and Analysis
8.4. COMMERCIAL VEHICLE
8.4.1. Overview
8.4.2. Commercial Vehicle Market Forecast and Analysis
9. AUTOMOTIVE LEAF SPRING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Automotive Leaf Spring Market Overview
9.1.2 North America Automotive Leaf Spring Market Forecasts and Analysis
9.1.3 North America Automotive Leaf Spring Market Forecasts and Analysis - By Number of Plates
9.1.4 North America Automotive Leaf Spring Market Forecasts and Analysis - By Vehicle Type
9.1.5 North America Automotive Leaf Spring Market Forecasts and Analysis - By Countries
9.1.5.1 United States Automotive Leaf Spring Market
9.1.5.1.1 United States Automotive Leaf Spring Market by Number of Plates
9.1.5.1.2 United States Automotive Leaf Spring Market by Vehicle Type
9.1.5.2 Canada Automotive Leaf Spring Market
9.1.5.2.1 Canada Automotive Leaf Spring Market by Number of Plates
9.1.5.2.2 Canada Automotive Leaf Spring Market by Vehicle Type
9.1.5.3 Mexico Automotive Leaf Spring Market
9.1.5.3.1 Mexico Automotive Leaf Spring Market by Number of Plates
9.1.5.3.2 Mexico Automotive Leaf Spring Market by Vehicle Type
9.2. EUROPE
9.2.1 Europe Automotive Leaf Spring Market Overview
9.2.2 Europe Automotive Leaf Spring Market Forecasts and Analysis
9.2.3 Europe Automotive Leaf Spring Market Forecasts and Analysis - By Number of Plates
9.2.4 Europe Automotive Leaf Spring Market Forecasts and Analysis - By Vehicle Type
9.2.5 Europe Automotive Leaf Spring Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Automotive Leaf Spring Market
9.2.5.1.1 Germany Automotive Leaf Spring Market by Number of Plates
9.2.5.1.2 Germany Automotive Leaf Spring Market by Vehicle Type
9.2.5.2 France Automotive Leaf Spring Market
9.2.5.2.1 France Automotive Leaf Spring Market by Number of Plates
9.2.5.2.2 France Automotive Leaf Spring Market by Vehicle Type
9.2.5.3 Italy Automotive Leaf Spring Market
9.2.5.3.1 Italy Automotive Leaf Spring Market by Number of Plates
9.2.5.3.2 Italy Automotive Leaf Spring Market by Vehicle Type
9.2.5.4 United Kingdom Automotive Leaf Spring Market
9.2.5.4.1 United Kingdom Automotive Leaf Spring Market by Number of Plates
9.2.5.4.2 United Kingdom Automotive Leaf Spring Market by Vehicle Type
9.2.5.5 Russia Automotive Leaf Spring Market
9.2.5.5.1 Russia Automotive Leaf Spring Market by Number of Plates
9.2.5.5.2 Russia Automotive Leaf Spring Market by Vehicle Type
9.2.5.6 Rest of Europe Automotive Leaf Spring Market
9.2.5.6.1 Rest of Europe Automotive Leaf Spring Market by Number of Plates
9.2.5.6.2 Rest of Europe Automotive Leaf Spring Market by Vehicle Type
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Automotive Leaf Spring Market Overview
9.3.2 Asia-Pacific Automotive Leaf Spring Market Forecasts and Analysis
9.3.3 Asia-Pacific Automotive Leaf Spring Market Forecasts and Analysis - By Number of Plates
9.3.4 Asia-Pacific Automotive Leaf Spring Market Forecasts and Analysis - By Vehicle Type
9.3.5 Asia-Pacific Automotive Leaf Spring Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Automotive Leaf Spring Market
9.3.5.1.1 Australia Automotive Leaf Spring Market by Number of Plates
9.3.5.1.2 Australia Automotive Leaf Spring Market by Vehicle Type
9.3.5.2 China Automotive Leaf Spring Market
9.3.5.2.1 China Automotive Leaf Spring Market by Number of Plates
9.3.5.2.2 China Automotive Leaf Spring Market by Vehicle Type
9.3.5.3 India Automotive Leaf Spring Market
9.3.5.3.1 India Automotive Leaf Spring Market by Number of Plates
9.3.5.3.2 India Automotive Leaf Spring Market by Vehicle Type
9.3.5.4 Japan Automotive Leaf Spring Market
9.3.5.4.1 Japan Automotive Leaf Spring Market by Number of Plates
9.3.5.4.2 Japan Automotive Leaf Spring Market by Vehicle Type
9.3.5.5 South Korea Automotive Leaf Spring Market
9.3.5.5.1 South Korea Automotive Leaf Spring Market by Number of Plates
9.3.5.5.2 South Korea Automotive Leaf Spring Market by Vehicle Type
9.3.5.6 Rest of Asia-Pacific Automotive Leaf Spring Market
9.3.5.6.1 Rest of Asia-Pacific Automotive Leaf Spring Market by Number of Plates
9.3.5.6.2 Rest of Asia-Pacific Automotive Leaf Spring Market by Vehicle Type
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Automotive Leaf Spring Market Overview
9.4.2 Middle East and Africa Automotive Leaf Spring Market Forecasts and Analysis
9.4.3 Middle East and Africa Automotive Leaf Spring Market Forecasts and Analysis - By Number of Plates
9.4.4 Middle East and Africa Automotive Leaf Spring Market Forecasts and Analysis - By Vehicle Type
9.4.5 Middle East and Africa Automotive Leaf Spring Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Automotive Leaf Spring Market
9.4.5.1.1 South Africa Automotive Leaf Spring Market by Number of Plates
9.4.5.1.2 South Africa Automotive Leaf Spring Market by Vehicle Type
9.4.5.2 Saudi Arabia Automotive Leaf Spring Market
9.4.5.2.1 Saudi Arabia Automotive Leaf Spring Market by Number of Plates
9.4.5.2.2 Saudi Arabia Automotive Leaf Spring Market by Vehicle Type
9.4.5.3 U.A.E Automotive Leaf Spring Market
9.4.5.3.1 U.A.E Automotive Leaf Spring Market by Number of Plates
9.4.5.3.2 U.A.E Automotive Leaf Spring Market by Vehicle Type
9.4.5.4 Rest of Middle East and Africa Automotive Leaf Spring Market
9.4.5.4.1 Rest of Middle East and Africa Automotive Leaf Spring Market by Number of Plates
9.4.5.4.2 Rest of Middle East and Africa Automotive Leaf Spring Market by Vehicle Type
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Automotive Leaf Spring Market Overview
9.5.2 South and Central America Automotive Leaf Spring Market Forecasts and Analysis
9.5.3 South and Central America Automotive Leaf Spring Market Forecasts and Analysis - By Number of Plates
9.5.4 South and Central America Automotive Leaf Spring Market Forecasts and Analysis - By Vehicle Type
9.5.5 South and Central America Automotive Leaf Spring Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Automotive Leaf Spring Market
9.5.5.1.1 Brazil Automotive Leaf Spring Market by Number of Plates
9.5.5.1.2 Brazil Automotive Leaf Spring Market by Vehicle Type
9.5.5.2 Argentina Automotive Leaf Spring Market
9.5.5.2.1 Argentina Automotive Leaf Spring Market by Number of Plates
9.5.5.2.2 Argentina Automotive Leaf Spring Market by Vehicle Type
9.5.5.3 Rest of South and Central America Automotive Leaf Spring Market
9.5.5.3.1 Rest of South and Central America Automotive Leaf Spring Market by Number of Plates
9.5.5.3.2 Rest of South and Central America Automotive Leaf Spring 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 LEAF SPRING MARKET, KEY COMPANY PROFILES
11.1. CHUO SPRING 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. EATON DETROIT SPRING, 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. EMCO INDUSTRIES
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. JAMNA AUTO INDUSTRIES LTD.
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. MACKSPRINGS
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. MAPCO AUTOTECHNIK GMBH
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. MITSUBISHI STEEL MFG. 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. NHK SPRING CO.,LTD.
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. ROC SPRINGS
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. SOGEFI SPA
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. Chuo Spring Co., Ltd.
2. EATON Detroit Spring, Inc.
3. EMCO Industries
4. Jamna Auto Industries Ltd.
5. MackSprings
6. MAPCO Autotechnik GmbH
7. MITSUBISHI STEEL MFG. CO., LTD.
8. NHK SPRING Co.,Ltd.
9. Roc Springs
10. Sogefi SpA
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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