The automotive maintenance tools are required for service, maintain, and repairing of vehicles. In order to maintain efficient and proper running of a vehicles, it is required to effectively maintain and improve its function on timely basis. The automotive maintenance tools are involved in every component of motor vehicles, from bodies and interiors to the mechanical and electrical systems. It includes both factory and non-factory based engines servicing and the conversion of cars from left to right hand drive.
The significant market drivers are increasing industrialization has prompted the surge in the automobile industry and the flourishing automobile industry and its mandatory standards to provide every vehicle with a toolbox. Whereas the market development might get affected because of the skills required to operate automotive maintenance tools is restricting the use of these tools only at a service station.
The "The Automotive Maintenance Tools Market Analysis to 2031" is a specialized and in-depth study of the automotive maintenance tools industry with a focus on the global market trend. The report aims to provide an overview of the global automotive maintenance tools market with detailed market segmentation by type, vehicle type, distribution channel, and geography. The global automotive maintenance tools market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the automotive maintenance tools market.
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 maintenance tools market based on by type, vehicle type, distribution channel, and region. It also provides market size and forecast till 2031 for overall cloud robotics market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 16 counties globally along with current trend and opportunities prevailing in the region.
Besides this, the report analyzes factors affecting automotive maintenance tools 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 automotive maintenance tools market 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 affecting the market in these regions.
Also, key automotive maintenance tools market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report on automotive maintenance tools market also focuses on leading industry players with information such as company profiles, products, and services offered, financial information for the last 3 years, the key development in the past five years. Some of the key players influencing the automotive maintenance tools market are ATS ELGI., JET Tools, KYOTO TOOL CO., LTD., Lisle Corp., Mac Tools, MAHLE Aftermarket GmbH, Mobletron Electronics Co., Ltd., Sir Tools, Thexton Manufacturing Company, Unior d.d. among others.
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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.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Automotive Maintenance Tools Market - By Type
1.3.2 Automotive Maintenance Tools Market - By Vehicle Type
1.3.3 Automotive Maintenance Tools Market - By Distribution Channel
1.3.4 Automotive Maintenance Tools Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AUTOMOTIVE MAINTENANCE TOOLS 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 MAINTENANCE TOOLS 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 MAINTENANCE TOOLS MARKET - GLOBAL MARKET ANALYSIS
6.1. AUTOMOTIVE MAINTENANCE TOOLS - GLOBAL MARKET OVERVIEW
6.2. AUTOMOTIVE MAINTENANCE TOOLS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. AUTOMOTIVE MAINTENANCE TOOLS MARKET - REVENUE AND FORECASTS TO 2028 – TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. BATTERY CHARGERS
7.3.1. Overview
7.3.2. Battery Chargers Market Forecast and Analysis
7.4. AUTOMOTIVE SPECIALIZED TOOLS
7.4.1. Overview
7.4.2. Automotive Specialized Tools Market Forecast and Analysis
7.5. CREEPERS AND CREEPER CASTERS
7.5.1. Overview
7.5.2. Creepers and Creeper Casters Market Forecast and Analysis
7.6. ELECTRIC VEHICLE CHARGING STATION
7.6.1. Overview
7.6.2. Electric Vehicle Charging Station Market Forecast and Analysis
7.7. DRAIN AND DRIP PANS
7.7.1. Overview
7.7.2. Drain and Drip Pans Market Forecast and Analysis
7.8. FUNNEL
7.8.1. Overview
7.8.2. Funnel Market Forecast and Analysis
7.9. MEASURING CUPS/SCOOP/PITCHER
7.9.1. Overview
7.9.2. Measuring Cups/Scoop/Pitcher Market Forecast and Analysis
8. AUTOMOTIVE MAINTENANCE TOOLS MARKET - REVENUE AND FORECASTS TO 2028 – VEHICLE TYPE
8.1. OVERVIEW
8.2. VEHICLE TYPE MARKET FORECASTS AND ANALYSIS
8.3. MOTORCYCLE
8.3.1. Overview
8.3.2. Motorcycle Market Forecast and Analysis
8.4. PASSENGER VEHICLE
8.4.1. Overview
8.4.2. Passenger Vehicle Market Forecast and Analysis
8.5. COMMERCIAL VEHICLE
8.5.1. Overview
8.5.2. Commercial Vehicle Market Forecast and Analysis
9. AUTOMOTIVE MAINTENANCE TOOLS MARKET - REVENUE AND FORECASTS TO 2028 – DISTRIBUTION CHANNEL
9.1. OVERVIEW
9.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
9.3. E-COMMERCE
9.3.1. Overview
9.3.2. E-commerce Market Forecast and Analysis
9.4. OEM
9.4.1. Overview
9.4.2. OEM Market Forecast and Analysis
9.5. AFTERMARKET
9.5.1. Overview
9.5.2. Aftermarket Market Forecast and Analysis
10. AUTOMOTIVE MAINTENANCE TOOLS MARKET REVENUE AND FORECASTS TO 2028 – GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
- 10.1.1 North America Automotive Maintenance Tools Market Overview
- 10.1.2 North America Automotive Maintenance Tools Market Forecasts and Analysis
- 10.1.3 North America Automotive Maintenance Tools Market Forecasts and Analysis - By Type
- 10.1.4 North America Automotive Maintenance Tools Market Forecasts and Analysis - By Vehicle Type
- 10.1.5 North America Automotive Maintenance Tools Market Forecasts and Analysis - By Distribution Channel
- 10.1.6 North America Automotive Maintenance Tools Market Forecasts and Analysis - By Countries
10.1.6.1 United States Automotive Maintenance Tools Market
- 10.1.6.1.1 United States Automotive Maintenance Tools Market by Type
- 10.1.6.1.2 United States Automotive Maintenance Tools Market by Vehicle Type
- 10.1.6.1.3 United States Automotive Maintenance Tools Market by Distribution Channel
10.1.6.2 Canada Automotive Maintenance Tools Market
- 10.1.6.2.1 Canada Automotive Maintenance Tools Market by Type
- 10.1.6.2.2 Canada Automotive Maintenance Tools Market by Vehicle Type
- 10.1.6.2.3 Canada Automotive Maintenance Tools Market by Distribution Channel
10.1.6.3 Mexico Automotive Maintenance Tools Market
- 10.1.6.3.1 Mexico Automotive Maintenance Tools Market by Type
- 10.1.6.3.2 Mexico Automotive Maintenance Tools Market by Vehicle Type
- 10.1.6.3.3 Mexico Automotive Maintenance Tools Market by Distribution Channel
10.2. EUROPE
- 10.2.1 Europe Automotive Maintenance Tools Market Overview
- 10.2.2 Europe Automotive Maintenance Tools Market Forecasts and Analysis
- 10.2.3 Europe Automotive Maintenance Tools Market Forecasts and Analysis - By Type
- 10.2.4 Europe Automotive Maintenance Tools Market Forecasts and Analysis - By Vehicle Type
- 10.2.5 Europe Automotive Maintenance Tools Market Forecasts and Analysis - By Distribution Channel
- 10.2.6 Europe Automotive Maintenance Tools Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Automotive Maintenance Tools Market
- 10.2.6.1.1 Germany Automotive Maintenance Tools Market by Type
- 10.2.6.1.2 Germany Automotive Maintenance Tools Market by Vehicle Type
- 10.2.6.1.3 Germany Automotive Maintenance Tools Market by Distribution Channel
10.2.6.2 France Automotive Maintenance Tools Market
- 10.2.6.2.1 France Automotive Maintenance Tools Market by Type
- 10.2.6.2.2 France Automotive Maintenance Tools Market by Vehicle Type
- 10.2.6.2.3 France Automotive Maintenance Tools Market by Distribution Channel
10.2.6.3 Italy Automotive Maintenance Tools Market
- 10.2.6.3.1 Italy Automotive Maintenance Tools Market by Type
- 10.2.6.3.2 Italy Automotive Maintenance Tools Market by Vehicle Type
- 10.2.6.3.3 Italy Automotive Maintenance Tools Market by Distribution Channel
10.2.6.4 United Kingdom Automotive Maintenance Tools Market
- 10.2.6.4.1 United Kingdom Automotive Maintenance Tools Market by Type
- 10.2.6.4.2 United Kingdom Automotive Maintenance Tools Market by Vehicle Type
- 10.2.6.4.3 United Kingdom Automotive Maintenance Tools Market by Distribution Channel
10.2.6.5 Russia Automotive Maintenance Tools Market
- 10.2.6.5.1 Russia Automotive Maintenance Tools Market by Type
- 10.2.6.5.2 Russia Automotive Maintenance Tools Market by Vehicle Type
- 10.2.6.5.3 Russia Automotive Maintenance Tools Market by Distribution Channel
10.2.6.6 Rest of Europe Automotive Maintenance Tools Market
- 10.2.6.6.1 Rest of Europe Automotive Maintenance Tools Market by Type
- 10.2.6.6.2 Rest of Europe Automotive Maintenance Tools Market by Vehicle Type
- 10.2.6.6.3 Rest of Europe Automotive Maintenance Tools Market by Distribution Channel
10.3. ASIA-PACIFIC
- 10.3.1 Asia-Pacific Automotive Maintenance Tools Market Overview
- 10.3.2 Asia-Pacific Automotive Maintenance Tools Market Forecasts and Analysis
- 10.3.3 Asia-Pacific Automotive Maintenance Tools Market Forecasts and Analysis - By Type
- 10.3.4 Asia-Pacific Automotive Maintenance Tools Market Forecasts and Analysis - By Vehicle Type
- 10.3.5 Asia-Pacific Automotive Maintenance Tools Market Forecasts and Analysis - By Distribution Channel
- 10.3.6 Asia-Pacific Automotive Maintenance Tools Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Automotive Maintenance Tools Market
- 10.3.6.1.1 Australia Automotive Maintenance Tools Market by Type
- 10.3.6.1.2 Australia Automotive Maintenance Tools Market by Vehicle Type
- 10.3.6.1.3 Australia Automotive Maintenance Tools Market by Distribution Channel
10.3.6.2 China Automotive Maintenance Tools Market
- 10.3.6.2.1 China Automotive Maintenance Tools Market by Type
- 10.3.6.2.2 China Automotive Maintenance Tools Market by Vehicle Type
- 10.3.6.2.3 China Automotive Maintenance Tools Market by Distribution Channel
10.3.6.3 India Automotive Maintenance Tools Market
- 10.3.6.3.1 India Automotive Maintenance Tools Market by Type
- 10.3.6.3.2 India Automotive Maintenance Tools Market by Vehicle Type
- 10.3.6.3.3 India Automotive Maintenance Tools Market by Distribution Channel
10.3.6.4 Japan Automotive Maintenance Tools Market
- 10.3.6.4.1 Japan Automotive Maintenance Tools Market by Type
- 10.3.6.4.2 Japan Automotive Maintenance Tools Market by Vehicle Type
- 10.3.6.4.3 Japan Automotive Maintenance Tools Market by Distribution Channel
10.3.6.5 South Korea Automotive Maintenance Tools Market
- 10.3.6.5.1 South Korea Automotive Maintenance Tools Market by Type
- 10.3.6.5.2 South Korea Automotive Maintenance Tools Market by Vehicle Type
- 10.3.6.5.3 South Korea Automotive Maintenance Tools Market by Distribution Channel
10.3.6.6 Rest of Asia-Pacific Automotive Maintenance Tools Market
- 10.3.6.6.1 Rest of Asia-Pacific Automotive Maintenance Tools Market by Type
- 10.3.6.6.2 Rest of Asia-Pacific Automotive Maintenance Tools Market by Vehicle Type
- 10.3.6.6.3 Rest of Asia-Pacific Automotive Maintenance Tools Market by Distribution Channel
10.4. MIDDLE EAST AND AFRICA
- 10.4.1 Middle East and Africa Automotive Maintenance Tools Market Overview
- 10.4.2 Middle East and Africa Automotive Maintenance Tools Market Forecasts and Analysis
- 10.4.3 Middle East and Africa Automotive Maintenance Tools Market Forecasts and Analysis - By Type
- 10.4.4 Middle East and Africa Automotive Maintenance Tools Market Forecasts and Analysis - By Vehicle Type
- 10.4.5 Middle East and Africa Automotive Maintenance Tools Market Forecasts and Analysis - By Distribution Channel
- 10.4.6 Middle East and Africa Automotive Maintenance Tools Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Automotive Maintenance Tools Market
- 10.4.6.1.1 South Africa Automotive Maintenance Tools Market by Type
- 10.4.6.1.2 South Africa Automotive Maintenance Tools Market by Vehicle Type
- 10.4.6.1.3 South Africa Automotive Maintenance Tools Market by Distribution Channel
10.4.6.2 Saudi Arabia Automotive Maintenance Tools Market
- 10.4.6.2.1 Saudi Arabia Automotive Maintenance Tools Market by Type
- 10.4.6.2.2 Saudi Arabia Automotive Maintenance Tools Market by Vehicle Type
- 10.4.6.2.3 Saudi Arabia Automotive Maintenance Tools Market by Distribution Channel
10.4.6.3 U.A.E Automotive Maintenance Tools Market
- 10.4.6.3.1 U.A.E Automotive Maintenance Tools Market by Type
- 10.4.6.3.2 U.A.E Automotive Maintenance Tools Market by Vehicle Type
- 10.4.6.3.3 U.A.E Automotive Maintenance Tools Market by Distribution Channel
10.4.6.4 Rest of Middle East and Africa Automotive Maintenance Tools Market
- 10.4.6.4.1 Rest of Middle East and Africa Automotive Maintenance Tools Market by Type
- 10.4.6.4.2 Rest of Middle East and Africa Automotive Maintenance Tools Market by Vehicle Type
- 10.4.6.4.3 Rest of Middle East and Africa Automotive Maintenance Tools Market by Distribution Channel
10.5. SOUTH AND CENTRAL AMERICA
- 10.5.1 South and Central America Automotive Maintenance Tools Market Overview
- 10.5.2 South and Central America Automotive Maintenance Tools Market Forecasts and Analysis
- 10.5.3 South and Central America Automotive Maintenance Tools Market Forecasts and Analysis - By Type
- 10.5.4 South and Central America Automotive Maintenance Tools Market Forecasts and Analysis - By Vehicle Type
- 10.5.5 South and Central America Automotive Maintenance Tools Market Forecasts and Analysis - By Distribution Channel
- 10.5.6 South and Central America Automotive Maintenance Tools Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Automotive Maintenance Tools Market
- 10.5.6.1.1 Brazil Automotive Maintenance Tools Market by Type
- 10.5.6.1.2 Brazil Automotive Maintenance Tools Market by Vehicle Type
- 10.5.6.1.3 Brazil Automotive Maintenance Tools Market by Distribution Channel
10.5.6.2 Argentina Automotive Maintenance Tools Market
- 10.5.6.2.1 Argentina Automotive Maintenance Tools Market by Type
- 10.5.6.2.2 Argentina Automotive Maintenance Tools Market by Vehicle Type
- 10.5.6.2.3 Argentina Automotive Maintenance Tools Market by Distribution Channel
10.5.6.3 Rest of South and Central America Automotive Maintenance Tools Market
- 10.5.6.3.1 Rest of South and Central America Automotive Maintenance Tools Market by Type
- 10.5.6.3.2 Rest of South and Central America Automotive Maintenance Tools Market by Vehicle Type
- 10.5.6.3.3 Rest of South and Central America Automotive Maintenance Tools Market by Distribution Channel
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. AUTOMOTIVE MAINTENANCE TOOLS MARKET, KEY COMPANY PROFILES
12.1. ATS ELGI.
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. JET TOOLS
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. KYOTO TOOL CO. LTD.
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. LISLE CORP.
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. MAC TOOLS
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. MAHLE AFTERMARKET GMBH
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. MOBLETRON ELECTRONICS CO. LTD.3SIR TOOLS
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. THEXTON MANUFACTURING COMPANY
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. UNIOR D.D.
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. GreatNeck2. JET Tools3. Mac Tools4. Unior d.d.5. Mobletron Electronics Co., Ltd.6. R. Laurence Co.,Inc.7. Lisle Corp.8. Sir Tools9. Mahle GmbH10. Thexton Manufacturing Company
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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