Automotive Radiator Market Research Report 2021-2031
The Automotive Radiator Market is expected to register a CAGR of 5.6% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Type (Down-Flow, Cross-Flow, Multiple-Pass); Material (Aluminum, Plastic and Aluminum, Copper and Brass); Vehicle Type (Passenger Car, Light commercial Vehicle, Heavy Commercial Vehicle). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Automotive Radiator Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Automotive Radiator Market Segmentation
Type- Down-Flow
- Cross-Flow
- Multiple-Pass
- Aluminum
- Plastic and Aluminum
- Copper and Brass
- Passenger Car
- Light commercial Vehicle
- Heavy Commercial Vehicle
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Automotive Radiator Market Growth Drivers- Consumer Demand for Efficiency: As consumers become concerned with the sky-high prices of fuel and environmental degradation, they will seek less fuel-guzzling vehicles, thus encouraging manufacturers to innovate and produce the best available exhaust systems that ensure an effective combustion of fuel so as not to waste much while it burns; this necessitates better efficiency for a vehicle.
- Hybrid and Electric Vehicles:The growing hybrid and electric vehicles (HEVs and BEVs) market is another important demand factor. HEVs and BEVs need advanced thermal management solutions. Therefore, it will further increase demand for innovative radiator designs in order to efficiently manage the cooling needs of electric powertrains.
- Strict Emission Standards: With stricter emission rules all over the world, auto manufacturers are working towards efficient performance and efficiency in engine operation. Automotive radiators ensure proper temperature of engines that minimize emissions. It leads to an increase in the demand for advanced and high-performance radiators which cater to these requirements in regulations.
- Thermal Management Solutions Advanced Technology: One viable opportunity lies in the development of advanced thermal management systems tailored specifically for electric and hybrid vehicle applications. As these technologies evolve, the emergence of new cooling requirements will translate into an opportunity for specialized radiators.
- Development of Eco-Friendly Radiators: With sustainability on top of the agenda, there is a chance to create environment-friendly radiators. This would allow manufacturers to emphasize radiators that are recyclable, made from eco-friendly materials, and have an improved fuel efficiency. It goes with the global wave of reducing carbon footprint through vehicles and attracting environmentally friendly consumers.
- Adoption of Advanced Materials: There are also marketplace developments to use new advanced materials and insulation techniques in making radiators. The radiators are being manufactured to be more efficient and effective for modern vehicle performance.
- Shift towards Aluminum Radiators: Aluminum radiators are gaining popularity because of their lightweight, corrosion-resistant, and high-performance properties. The shift towards aluminum allows for better heat dissipation and reduces vehicle weight, which contributes to improved fuel efficiency and better overall engine performance. This trend is driving the growth of aluminum-based radiators in the automotive sector.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Automotive Radiator Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Automotive Radiator Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Some of the customization options available based on the request are an additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
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 Radiator Market include Anhui Fengyang Radiator Co., Ltd, Behr GmbH and Co.KG., Calsonic Kansei Corp., Delphi Automotive plc, Denso Corporation, Dongfeng Radiator Co., Ltd, Faret International Holdings Limited, Modine Manufacturing Co., Valeo SA
Adoption of advanced materials is the key future trend of the Automotive Radiator Market
The Automotive Radiator Market is estimated to witness a CAGR of 5.6% from 2023 to 2031
The major factors driving the Automotive Radiator Market are: Consumer Demand for Efficiency#Hybrid and Electric Vehicles
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Automotive Radiator Market - By Type
1.3.2 Automotive Radiator Market - By Material
1.3.3 Automotive Radiator Market - By Vehicle Type
1.3.4 Automotive Radiator Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AUTOMOTIVE RADIATOR 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 RADIATOR 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 RADIATOR MARKET - GLOBAL MARKET ANALYSIS
6.1. AUTOMOTIVE RADIATOR - GLOBAL MARKET OVERVIEW
6.2. AUTOMOTIVE RADIATOR - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. AUTOMOTIVE RADIATOR MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. DOWN-FLOW
7.3.1. Overview
7.3.2. Down-Flow Market Forecast and Analysis
7.4. CROSS-FLOW
7.4.1. Overview
7.4.2. Cross-Flow Market Forecast and Analysis
7.5. MULTIPLE-PASS
7.5.1. Overview
7.5.2. Multiple-Pass Market Forecast and Analysis
8. AUTOMOTIVE RADIATOR MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL
8.1. OVERVIEW
8.2. MATERIAL MARKET FORECASTS AND ANALYSIS
8.3. ALUMINUM
8.3.1. Overview
8.3.2. Aluminum Market Forecast and Analysis
8.4. PLASTIC AND ALUMINUM
8.4.1. Overview
8.4.2. Plastic and Aluminum Market Forecast and Analysis
8.5. COPPER AND BRASS
8.5.1. Overview
8.5.2. Copper and Brass Market Forecast and Analysis
9. AUTOMOTIVE RADIATOR MARKET - REVENUE AND FORECASTS TO 2028 - VEHICLE TYPE
9.1. OVERVIEW
9.2. VEHICLE TYPE MARKET FORECASTS AND ANALYSIS
9.3. PASSENGER CAR
9.3.1. Overview
9.3.2. Passenger Car Market Forecast and Analysis
9.4. LIGHT COMMERCIAL VEHICLE
9.4.1. Overview
9.4.2. Light commercial Vehicle Market Forecast and Analysis
9.5. HEAVY COMMERCIAL VEHICLE
9.5.1. Overview
9.5.2. Heavy Commercial Vehicle Market Forecast and Analysis
10. AUTOMOTIVE RADIATOR MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Automotive Radiator Market Overview
10.1.2 North America Automotive Radiator Market Forecasts and Analysis
10.1.3 North America Automotive Radiator Market Forecasts and Analysis - By Type
10.1.4 North America Automotive Radiator Market Forecasts and Analysis - By Material
10.1.5 North America Automotive Radiator Market Forecasts and Analysis - By Vehicle Type
10.1.6 North America Automotive Radiator Market Forecasts and Analysis - By Countries
10.1.6.1 United States Automotive Radiator Market
10.1.6.1.1 United States Automotive Radiator Market by Type
10.1.6.1.2 United States Automotive Radiator Market by Material
10.1.6.1.3 United States Automotive Radiator Market by Vehicle Type
10.1.6.2 Canada Automotive Radiator Market
10.1.6.2.1 Canada Automotive Radiator Market by Type
10.1.6.2.2 Canada Automotive Radiator Market by Material
10.1.6.2.3 Canada Automotive Radiator Market by Vehicle Type
10.1.6.3 Mexico Automotive Radiator Market
10.1.6.3.1 Mexico Automotive Radiator Market by Type
10.1.6.3.2 Mexico Automotive Radiator Market by Material
10.1.6.3.3 Mexico Automotive Radiator Market by Vehicle Type
10.2. EUROPE
10.2.1 Europe Automotive Radiator Market Overview
10.2.2 Europe Automotive Radiator Market Forecasts and Analysis
10.2.3 Europe Automotive Radiator Market Forecasts and Analysis - By Type
10.2.4 Europe Automotive Radiator Market Forecasts and Analysis - By Material
10.2.5 Europe Automotive Radiator Market Forecasts and Analysis - By Vehicle Type
10.2.6 Europe Automotive Radiator Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Automotive Radiator Market
10.2.6.1.1 Germany Automotive Radiator Market by Type
10.2.6.1.2 Germany Automotive Radiator Market by Material
10.2.6.1.3 Germany Automotive Radiator Market by Vehicle Type
10.2.6.2 France Automotive Radiator Market
10.2.6.2.1 France Automotive Radiator Market by Type
10.2.6.2.2 France Automotive Radiator Market by Material
10.2.6.2.3 France Automotive Radiator Market by Vehicle Type
10.2.6.3 Italy Automotive Radiator Market
10.2.6.3.1 Italy Automotive Radiator Market by Type
10.2.6.3.2 Italy Automotive Radiator Market by Material
10.2.6.3.3 Italy Automotive Radiator Market by Vehicle Type
10.2.6.4 United Kingdom Automotive Radiator Market
10.2.6.4.1 United Kingdom Automotive Radiator Market by Type
10.2.6.4.2 United Kingdom Automotive Radiator Market by Material
10.2.6.4.3 United Kingdom Automotive Radiator Market by Vehicle Type
10.2.6.5 Russia Automotive Radiator Market
10.2.6.5.1 Russia Automotive Radiator Market by Type
10.2.6.5.2 Russia Automotive Radiator Market by Material
10.2.6.5.3 Russia Automotive Radiator Market by Vehicle Type
10.2.6.6 Rest of Europe Automotive Radiator Market
10.2.6.6.1 Rest of Europe Automotive Radiator Market by Type
10.2.6.6.2 Rest of Europe Automotive Radiator Market by Material
10.2.6.6.3 Rest of Europe Automotive Radiator Market by Vehicle Type
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Automotive Radiator Market Overview
10.3.2 Asia-Pacific Automotive Radiator Market Forecasts and Analysis
10.3.3 Asia-Pacific Automotive Radiator Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Automotive Radiator Market Forecasts and Analysis - By Material
10.3.5 Asia-Pacific Automotive Radiator Market Forecasts and Analysis - By Vehicle Type
10.3.6 Asia-Pacific Automotive Radiator Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Automotive Radiator Market
10.3.6.1.1 Australia Automotive Radiator Market by Type
10.3.6.1.2 Australia Automotive Radiator Market by Material
10.3.6.1.3 Australia Automotive Radiator Market by Vehicle Type
10.3.6.2 China Automotive Radiator Market
10.3.6.2.1 China Automotive Radiator Market by Type
10.3.6.2.2 China Automotive Radiator Market by Material
10.3.6.2.3 China Automotive Radiator Market by Vehicle Type
10.3.6.3 India Automotive Radiator Market
10.3.6.3.1 India Automotive Radiator Market by Type
10.3.6.3.2 India Automotive Radiator Market by Material
10.3.6.3.3 India Automotive Radiator Market by Vehicle Type
10.3.6.4 Japan Automotive Radiator Market
10.3.6.4.1 Japan Automotive Radiator Market by Type
10.3.6.4.2 Japan Automotive Radiator Market by Material
10.3.6.4.3 Japan Automotive Radiator Market by Vehicle Type
10.3.6.5 South Korea Automotive Radiator Market
10.3.6.5.1 South Korea Automotive Radiator Market by Type
10.3.6.5.2 South Korea Automotive Radiator Market by Material
10.3.6.5.3 South Korea Automotive Radiator Market by Vehicle Type
10.3.6.6 Rest of Asia-Pacific Automotive Radiator Market
10.3.6.6.1 Rest of Asia-Pacific Automotive Radiator Market by Type
10.3.6.6.2 Rest of Asia-Pacific Automotive Radiator Market by Material
10.3.6.6.3 Rest of Asia-Pacific Automotive Radiator Market by Vehicle Type
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Automotive Radiator Market Overview
10.4.2 Middle East and Africa Automotive Radiator Market Forecasts and Analysis
10.4.3 Middle East and Africa Automotive Radiator Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Automotive Radiator Market Forecasts and Analysis - By Material
10.4.5 Middle East and Africa Automotive Radiator Market Forecasts and Analysis - By Vehicle Type
10.4.6 Middle East and Africa Automotive Radiator Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Automotive Radiator Market
10.4.6.1.1 South Africa Automotive Radiator Market by Type
10.4.6.1.2 South Africa Automotive Radiator Market by Material
10.4.6.1.3 South Africa Automotive Radiator Market by Vehicle Type
10.4.6.2 Saudi Arabia Automotive Radiator Market
10.4.6.2.1 Saudi Arabia Automotive Radiator Market by Type
10.4.6.2.2 Saudi Arabia Automotive Radiator Market by Material
10.4.6.2.3 Saudi Arabia Automotive Radiator Market by Vehicle Type
10.4.6.3 U.A.E Automotive Radiator Market
10.4.6.3.1 U.A.E Automotive Radiator Market by Type
10.4.6.3.2 U.A.E Automotive Radiator Market by Material
10.4.6.3.3 U.A.E Automotive Radiator Market by Vehicle Type
10.4.6.4 Rest of Middle East and Africa Automotive Radiator Market
10.4.6.4.1 Rest of Middle East and Africa Automotive Radiator Market by Type
10.4.6.4.2 Rest of Middle East and Africa Automotive Radiator Market by Material
10.4.6.4.3 Rest of Middle East and Africa Automotive Radiator Market by Vehicle Type
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Automotive Radiator Market Overview
10.5.2 South and Central America Automotive Radiator Market Forecasts and Analysis
10.5.3 South and Central America Automotive Radiator Market Forecasts and Analysis - By Type
10.5.4 South and Central America Automotive Radiator Market Forecasts and Analysis - By Material
10.5.5 South and Central America Automotive Radiator Market Forecasts and Analysis - By Vehicle Type
10.5.6 South and Central America Automotive Radiator Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Automotive Radiator Market
10.5.6.1.1 Brazil Automotive Radiator Market by Type
10.5.6.1.2 Brazil Automotive Radiator Market by Material
10.5.6.1.3 Brazil Automotive Radiator Market by Vehicle Type
10.5.6.2 Argentina Automotive Radiator Market
10.5.6.2.1 Argentina Automotive Radiator Market by Type
10.5.6.2.2 Argentina Automotive Radiator Market by Material
10.5.6.2.3 Argentina Automotive Radiator Market by Vehicle Type
10.5.6.3 Rest of South and Central America Automotive Radiator Market
10.5.6.3.1 Rest of South and Central America Automotive Radiator Market by Type
10.5.6.3.2 Rest of South and Central America Automotive Radiator Market by Material
10.5.6.3.3 Rest of South and Central America Automotive Radiator Market by Vehicle Type
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 RADIATOR MARKET, KEY COMPANY PROFILES
12.1. ANHUI FENGYANG RADIATOR CO., LTD
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. BEHR GMBH AND CO.KG.,
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. CALSONIC KANSEI CORP.
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. DELPHI AUTOMOTIVE PLC
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. DENSO CORPORATION
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. DONGFENG RADIATOR CO., LTD
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. FARET INTERNATIONAL HOLDINGS LIMITED
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. MODINE MANUFACTURING CO.
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. VALEO SA
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
12.10. VISTEON CORP
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1.Anhui Fengyang Radiator Co., Ltd
2.Behr GmbH and Co.KG.,
3.Calsonic Kansei Corp.
4.Delphi Automotive plc
5.Denso Corporation
6.Dongfeng Radiator Co., Ltd
7.Faret International Holdings Limited
8.Modine Manufacturing Co.
9.Valeo SA
10.Visteon Corp
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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