Automotive Parking Heater Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Automotive parking heater offers a cost effective and reliable way of heating an interior and de-icing windows in automobiles. By installing robust and versatile automotive parking heater, driver can maintain a suitable temperature even when the car engine is off. The global automotive parking heaters market is gaining substantial momentum and is set to multifold by the end of forecast period.
MARKET DYNAMICS
The increase in demand for luxury cars with comfort features and advanced safety as standard offerings is resulting in the increased adoption of automotive parking heaters. Moreover, the automotive parking heater applications have expanded significantly with the growing need to save energy costs, minimize environmental pollution, and guarantee comfort. Anticipated market entry of new player, mainly from China and ASEAN, to curtail the sales of established players in the automotive parking heaters market. Despite the ongoing trend, strong foothold and brand recognition to aid the market growth.
MARKET SCOPE
The "Global Automotive Parking Heater Market Analysis to 2031" is a specialized and in-depth study of the automotive parking heater market with a special focus on the global market trend analysis. The report aims to provide an overview of automotive parking heater market with detailed market segmentation by product type, mounting, fuel type, technology. The global automotive parking heater market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading automotive parking heater market player and offers key trends and opportunities in the automotive parking heater market.
MARKET SEGMENTATION
The global automotive parking heater market is segmented on the basis of product type, mounting, fuel type, technology. On the basis of product type, market is segmented as air automotive parking heater, water automotive parking heater. On the basis of mounting, market is segmented as stationary, portable. On the basis of fuel type, market is segmented as diesel, gasoline, electric. On the basis of technology, market is segmented as remote-controlled parking heater, conventional parking heater
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 parking heater 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 parking heater 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 parking heater 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 parking heater market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global automotive parking heater 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 parking heater 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 parking heater 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 parking heater market in these regions.
MARKET PLAYERS
The reports cover key developments in the automotive parking heater market 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 parking heater market are anticipated to lucrative growth opportunities in the future with the rising demand for automotive parking heater market. Below mentioned is the list of few companies engaged in the automotive parking heater market.
The report also includes the profiles of key automotive parking heater 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.
- Calix AB
- DBK David + Baader GmbH
- DEFA AS
- Eberspcher Group
- Hebei Nanfeng Automobile Equipment (Group) Co. Ltd.
- Pro-West Refrigeration Ltd.
- Truma Gertetechnik GmbH and Co. KG
- Victor Industries Ltd.
- Warmda LLC
- Webasto SE
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
1.3.1Automotive Parking Heater Market - By Product Type
1.3.2Automotive Parking Heater Market - By Mounting
1.3.3Automotive Parking Heater Market - By Fuel Type
1.3.4Automotive Parking Heater Market - By Technology
1.3.5Automotive Parking Heater Market - By Region
1.3.5.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.AUTOMOTIVE PARKING HEATER MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.AUTOMOTIVE PARKING HEATER 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 PARKING HEATER MARKET - GLOBAL MARKET ANALYSIS
6.1.AUTOMOTIVE PARKING HEATER - GLOBAL MARKET OVERVIEW
6.2.AUTOMOTIVE PARKING HEATER - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING
7.AUTOMOTIVE PARKING HEATER MARKET - REVENUE AND FORECASTS TO 2028 â" PRODUCT TYPE
7.1.OVERVIEW
7.2.PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3.AIR AUTOMOTIVE PARKING HEATER
7.3.1.Overview
7.3.2.Air Automotive Parking Heater Market Forecast and Analysis
7.4.WATER AUTOMOTIVE PARKING HEATER
7.4.1.Overview
7.4.2.Water Automotive Parking Heater Market Forecast and Analysis
8.AUTOMOTIVE PARKING HEATER MARKET - REVENUE AND FORECASTS TO 2028 â" MOUNTING
8.1.OVERVIEW
8.2.MOUNTING MARKET FORECASTS AND ANALYSIS
8.3.STATIONARY
8.3.1.Overview
8.3.2.Stationary Market Forecast and Analysis
8.4.PORTABLE
8.4.1.Overview
8.4.2.Portable Market Forecast and Analysis
9.AUTOMOTIVE PARKING HEATER MARKET - REVENUE AND FORECASTS TO 2028 â" FUEL TYPE
9.1.OVERVIEW
9.2.FUEL TYPE MARKET FORECASTS AND ANALYSIS
9.3.DIESEL
9.3.1.Overview
9.3.2.Diesel Market Forecast and Analysis
9.4.GASOLINE
9.4.1.Overview
9.4.2.Gasoline Market Forecast and Analysis
9.5.ELECTRIC
9.5.1.Overview
9.5.2.Electric Market Forecast and Analysis
10.AUTOMOTIVE PARKING HEATER MARKET - REVENUE AND FORECASTS TO 2028 â" TECHNOLOGY
10.1.OVERVIEW
10.2.TECHNOLOGY MARKET FORECASTS AND ANALYSIS
10.3.REMOTE-CONTROLLED PARKING HEATER
10.3.1.Overview
10.3.2.Remote-Controlled Parking Heater Market Forecast and Analysis
10.4.CONVENTIONAL PARKING HEATER
10.4.1.Overview
10.4.2.Conventional Parking Heater Market Forecast and Analysis
11.AUTOMOTIVE PARKING HEATER MARKET REVENUE AND FORECASTS TO 2028 â" GEOGRAPHICAL ANALYSIS
11.1.NORTH AMERICA
11.1.1North America Automotive Parking Heater Market Overview
11.1.2North America Automotive Parking Heater Market Forecasts and Analysis
11.1.3North America Automotive Parking Heater Market Forecasts and Analysis - By Product Type
11.1.4North America Automotive Parking Heater Market Forecasts and Analysis - By Mounting
11.1.5North America Automotive Parking Heater Market Forecasts and Analysis - By Fuel Type
11.1.6North America Automotive Parking Heater Market Forecasts and Analysis - By Technology
11.1.7North America Automotive Parking Heater Market Forecasts and Analysis - By Countries
11.1.7.1United States Automotive Parking Heater Market
11.1.7.1.1United States Automotive Parking Heater Market by Product Type
11.1.7.1.2United States Automotive Parking Heater Market by Mounting
11.1.7.1.3United States Automotive Parking Heater Market by Fuel Type
11.1.7.1.4United States Automotive Parking Heater Market by Technology
11.1.7.2Canada Automotive Parking Heater Market
11.1.7.2.1Canada Automotive Parking Heater Market by Product Type
11.1.7.2.2Canada Automotive Parking Heater Market by Mounting
11.1.7.2.3Canada Automotive Parking Heater Market by Fuel Type
11.1.7.2.4Canada Automotive Parking Heater Market by Technology
11.1.7.3Mexico Automotive Parking Heater Market
11.1.7.3.1Mexico Automotive Parking Heater Market by Product Type
11.1.7.3.2Mexico Automotive Parking Heater Market by Mounting
11.1.7.3.3Mexico Automotive Parking Heater Market by Fuel Type
11.1.7.3.4Mexico Automotive Parking Heater Market by Technology
11.2.EUROPE
11.2.1Europe Automotive Parking Heater Market Overview
11.2.2Europe Automotive Parking Heater Market Forecasts and Analysis
11.2.3Europe Automotive Parking Heater Market Forecasts and Analysis - By Product Type
11.2.4Europe Automotive Parking Heater Market Forecasts and Analysis - By Mounting
11.2.5Europe Automotive Parking Heater Market Forecasts and Analysis - By Fuel Type
11.2.6Europe Automotive Parking Heater Market Forecasts and Analysis - By Technology
11.2.7Europe Automotive Parking Heater Market Forecasts and Analysis - By Countries
11.2.7.1Germany Automotive Parking Heater Market
11.2.7.1.1Germany Automotive Parking Heater Market by Product Type
11.2.7.1.2Germany Automotive Parking Heater Market by Mounting
11.2.7.1.3Germany Automotive Parking Heater Market by Fuel Type
11.2.7.1.4Germany Automotive Parking Heater Market by Technology
11.2.7.2France Automotive Parking Heater Market
11.2.7.2.1France Automotive Parking Heater Market by Product Type
11.2.7.2.2France Automotive Parking Heater Market by Mounting
11.2.7.2.3France Automotive Parking Heater Market by Fuel Type
11.2.7.2.4France Automotive Parking Heater Market by Technology
11.2.7.3Italy Automotive Parking Heater Market
11.2.7.3.1Italy Automotive Parking Heater Market by Product Type
11.2.7.3.2Italy Automotive Parking Heater Market by Mounting
11.2.7.3.3Italy Automotive Parking Heater Market by Fuel Type
11.2.7.3.4Italy Automotive Parking Heater Market by Technology
11.2.7.4United Kingdom Automotive Parking Heater Market
11.2.7.4.1United Kingdom Automotive Parking Heater Market by Product Type
11.2.7.4.2United Kingdom Automotive Parking Heater Market by Mounting
11.2.7.4.3United Kingdom Automotive Parking Heater Market by Fuel Type
11.2.7.4.4United Kingdom Automotive Parking Heater Market by Technology
11.2.7.5Russia Automotive Parking Heater Market
11.2.7.5.1Russia Automotive Parking Heater Market by Product Type
11.2.7.5.2Russia Automotive Parking Heater Market by Mounting
11.2.7.5.3Russia Automotive Parking Heater Market by Fuel Type
11.2.7.5.4Russia Automotive Parking Heater Market by Technology
11.2.7.6Rest of Europe Automotive Parking Heater Market
11.2.7.6.1Rest of Europe Automotive Parking Heater Market by Product Type
11.2.7.6.2Rest of Europe Automotive Parking Heater Market by Mounting
11.2.7.6.3Rest of Europe Automotive Parking Heater Market by Fuel Type
11.2.7.6.4Rest of Europe Automotive Parking Heater Market by Technology
11.3.ASIA-PACIFIC
11.3.1Asia-Pacific Automotive Parking Heater Market Overview
11.3.2Asia-Pacific Automotive Parking Heater Market Forecasts and Analysis
11.3.3Asia-Pacific Automotive Parking Heater Market Forecasts and Analysis - By Product Type
11.3.4Asia-Pacific Automotive Parking Heater Market Forecasts and Analysis - By Mounting
11.3.5Asia-Pacific Automotive Parking Heater Market Forecasts and Analysis - By Fuel Type
11.3.6Asia-Pacific Automotive Parking Heater Market Forecasts and Analysis - By Technology
11.3.7Asia-Pacific Automotive Parking Heater Market Forecasts and Analysis - By Countries
11.3.7.1Australia Automotive Parking Heater Market
11.3.7.1.1Australia Automotive Parking Heater Market by Product Type
11.3.7.1.2Australia Automotive Parking Heater Market by Mounting
11.3.7.1.3Australia Automotive Parking Heater Market by Fuel Type
11.3.7.1.4Australia Automotive Parking Heater Market by Technology
11.3.7.2China Automotive Parking Heater Market
11.3.7.2.1China Automotive Parking Heater Market by Product Type
11.3.7.2.2China Automotive Parking Heater Market by Mounting
11.3.7.2.3China Automotive Parking Heater Market by Fuel Type
11.3.7.2.4China Automotive Parking Heater Market by Technology
11.3.7.3India Automotive Parking Heater Market
11.3.7.3.1India Automotive Parking Heater Market by Product Type
11.3.7.3.2India Automotive Parking Heater Market by Mounting
11.3.7.3.3India Automotive Parking Heater Market by Fuel Type
11.3.7.3.4India Automotive Parking Heater Market by Technology
11.3.7.4Japan Automotive Parking Heater Market
11.3.7.4.1Japan Automotive Parking Heater Market by Product Type
11.3.7.4.2Japan Automotive Parking Heater Market by Mounting
11.3.7.4.3Japan Automotive Parking Heater Market by Fuel Type
11.3.7.4.4Japan Automotive Parking Heater Market by Technology
11.3.7.5South Korea Automotive Parking Heater Market
11.3.7.5.1South Korea Automotive Parking Heater Market by Product Type
11.3.7.5.2South Korea Automotive Parking Heater Market by Mounting
11.3.7.5.3South Korea Automotive Parking Heater Market by Fuel Type
11.3.7.5.4South Korea Automotive Parking Heater Market by Technology
11.3.7.6Rest of Asia-Pacific Automotive Parking Heater Market
11.3.7.6.1Rest of Asia-Pacific Automotive Parking Heater Market by Product Type
11.3.7.6.2Rest of Asia-Pacific Automotive Parking Heater Market by Mounting
11.3.7.6.3Rest of Asia-Pacific Automotive Parking Heater Market by Fuel Type
11.3.7.6.4Rest of Asia-Pacific Automotive Parking Heater Market by Technology
11.4.MIDDLE EAST AND AFRICA
11.4.1Middle East and Africa Automotive Parking Heater Market Overview
11.4.2Middle East and Africa Automotive Parking Heater Market Forecasts and Analysis
11.4.3Middle East and Africa Automotive Parking Heater Market Forecasts and Analysis - By Product Type
11.4.4Middle East and Africa Automotive Parking Heater Market Forecasts and Analysis - By Mounting
11.4.5Middle East and Africa Automotive Parking Heater Market Forecasts and Analysis - By Fuel Type
11.4.6Middle East and Africa Automotive Parking Heater Market Forecasts and Analysis - By Technology
11.4.7Middle East and Africa Automotive Parking Heater Market Forecasts and Analysis - By Countries
11.4.7.1South Africa Automotive Parking Heater Market
11.4.7.1.1South Africa Automotive Parking Heater Market by Product Type
11.4.7.1.2South Africa Automotive Parking Heater Market by Mounting
11.4.7.1.3South Africa Automotive Parking Heater Market by Fuel Type
11.4.7.1.4South Africa Automotive Parking Heater Market by Technology
11.4.7.2Saudi Arabia Automotive Parking Heater Market
11.4.7.2.1Saudi Arabia Automotive Parking Heater Market by Product Type
11.4.7.2.2Saudi Arabia Automotive Parking Heater Market by Mounting
11.4.7.2.3Saudi Arabia Automotive Parking Heater Market by Fuel Type
11.4.7.2.4Saudi Arabia Automotive Parking Heater Market by Technology
11.4.7.3U.A.E Automotive Parking Heater Market
11.4.7.3.1U.A.E Automotive Parking Heater Market by Product Type
11.4.7.3.2U.A.E Automotive Parking Heater Market by Mounting
11.4.7.3.3U.A.E Automotive Parking Heater Market by Fuel Type
11.4.7.3.4U.A.E Automotive Parking Heater Market by Technology
11.4.7.4Rest of Middle East and Africa Automotive Parking Heater Market
11.4.7.4.1Rest of Middle East and Africa Automotive Parking Heater Market by Product Type
11.4.7.4.2Rest of Middle East and Africa Automotive Parking Heater Market by Mounting
11.4.7.4.3Rest of Middle East and Africa Automotive Parking Heater Market by Fuel Type
11.4.7.4.4Rest of Middle East and Africa Automotive Parking Heater Market by Technology
11.5.SOUTH AND CENTRAL AMERICA
11.5.1South and Central America Automotive Parking Heater Market Overview
11.5.2South and Central America Automotive Parking Heater Market Forecasts and Analysis
11.5.3South and Central America Automotive Parking Heater Market Forecasts and Analysis - By Product Type
11.5.4South and Central America Automotive Parking Heater Market Forecasts and Analysis - By Mounting
11.5.5South and Central America Automotive Parking Heater Market Forecasts and Analysis - By Fuel Type
11.5.6South and Central America Automotive Parking Heater Market Forecasts and Analysis - By Technology
11.5.7South and Central America Automotive Parking Heater Market Forecasts and Analysis - By Countries
11.5.7.1Brazil Automotive Parking Heater Market
11.5.7.1.1Brazil Automotive Parking Heater Market by Product Type
11.5.7.1.2Brazil Automotive Parking Heater Market by Mounting
11.5.7.1.3Brazil Automotive Parking Heater Market by Fuel Type
11.5.7.1.4Brazil Automotive Parking Heater Market by Technology
11.5.7.2Argentina Automotive Parking Heater Market
11.5.7.2.1Argentina Automotive Parking Heater Market by Product Type
11.5.7.2.2Argentina Automotive Parking Heater Market by Mounting
11.5.7.2.3Argentina Automotive Parking Heater Market by Fuel Type
11.5.7.2.4Argentina Automotive Parking Heater Market by Technology
11.5.7.3Rest of South and Central America Automotive Parking Heater Market
11.5.7.3.1Rest of South and Central America Automotive Parking Heater Market by Product Type
11.5.7.3.2Rest of South and Central America Automotive Parking Heater Market by Mounting
11.5.7.3.3Rest of South and Central America Automotive Parking Heater Market by Fuel Type
11.5.7.3.4Rest of South and Central America Automotive Parking Heater Market by Technology
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 PARKING HEATER MARKET, KEY COMPANY PROFILES
13.1.CALIX AB
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.DBK DAVID + BAADER GMBH
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.DEFA AS
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.EBERSPäCHER GROUP
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.HEBEI NANFENG AUTOMOBILE EQUIPMENT (GROUP) CO. LTD.
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.PRO-WEST REFRIGERATION LTD.
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.TRUMA GERäTETECHNIK GMBH AND CO. KG
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.VICTOR INDUSTRIES LTD.
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.WARMDA LLC
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.WEBASTO SE
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. Calix AB
2. DBK David + Baader GmbH
3. DEFA AS
4. Eberspcher Group
5. Hebei Nanfeng Automobile Equipment (Group) Co. Ltd.
6. Pro-West Refrigeration Ltd.
7. Truma Gertetechnik GmbH and Co. KG
8. Victor Industries Ltd.
9. Warmda LLC
10. Webasto SE
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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