Automotive Selective Catalytic Reduction Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Selective catalytic reduction is an advanced active emission control technology in which a liquid-reductant agent is injected into exhaust stream of a diesel engine through a special catalyst. The reducing agent is usually urea of automotive grade also known as diesel exhaust fluid (DEF), which starts a chemical reaction to convert nitrogen oxide into water, nitrogen, and minute amount of carbon dioxide (CO2). Selective catalytic reduction system for automobiles is designed to carry out the nitrogen oxide (NOx) reduction reaction to take place in an oxidized environment. It is called selective as it reduces levels of NOx using ammonia as a reductant within a catalyst system.
MARKET DYNAMICS
A surge in emission control regulations by the government and an increase in automobile production are driving the growth of the automotive selective catalytic reduction market. However, the surge in the production of electric vehicles and the high cost of catalysts may restrain the growth of the automotive selective catalytic reduction market. Furthermore, the innovations in emission control catalysts and government initiatives for emission reduction in developing nations are anticipated to create a market opportunity for the automotive selective catalytic reduction market during the forecast period.
MARKET SCOPE
The "Global Automotive Selective Catalytic Reduction Market Analysis To 2031" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The automotive selective catalytic reduction market report aims to provide an overview of the automotive selective catalytic reduction market with detailed market segmentation by component, vehicle type, and geography. The global automotive selective catalytic reduction market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading automotive selective catalytic reduction market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global automotive selective catalytic reduction market is segmented on the basis of component and vehicle type. Based on component, the automotive selective catalytic reduction market is segmented into: urea tank, urea pump, electronic control unit, injectors, and others. On the basis of vehicle type, the automotive selective catalytic reduction market is segmented into: passenger car, LCV, and HCV.
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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 selective catalytic reduction market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The automotive selective catalytic reduction market by each region is later sub-segmented by respective countries and segments. The automotive selective catalytic reduction market report covers the analysis and forecast of 15 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the automotive selective catalytic reduction 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 also provides exhaustive PEST analysis highlighting factors affecting the automotive selective catalytic reduction market in these regions.
IMPACT OF COVID-19 ON AUTOMOTIVE SELECTIVE CATALYTIC REDUCTION MARKET
The impact of the COVID-19 pandemic on the market is covered throughout the report. The pandemic has a negative impact on the automotive selective catalytic reduction market in 2021. The tremendous growth in the spread of the virus has urged governments worldwide to impose strict restrictions on vehicles and human's movement. Due to travel bans, mass lockdowns, and business shutdowns, the pandemic has affected economies and countless industries in various countries. The lockdown imposition has resulted in lesser production of commodities, goods, and services. However, in 2021, with the uplifting of lockdown and vaccination processes, the automotive companies have started working again. So, the demand for automotive selective catalytic reductions technology has started rising.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global automotive selective catalytic reduction market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The automotive selective catalytic reduction market by each region is later sub-segmented by respective countries and segments. The automotive selective catalytic reduction market report covers the analysis and forecast of 15 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the automotive selective catalytic reduction 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 also provides exhaustive PEST analysis highlighting factors affecting the automotive selective catalytic reduction market in these regions.
IMPACT OF COVID-19 ON AUTOMOTIVE SELECTIVE CATALYTIC REDUCTION MARKET
The impact of the COVID-19 pandemic on the market is covered throughout the report. The pandemic has a negative impact on the automotive selective catalytic reduction market in 2021. The tremendous growth in the spread of the virus has urged governments worldwide to impose strict restrictions on vehicles and human's movement. Due to travel bans, mass lockdowns, and business shutdowns, the pandemic has affected economies and countless industries in various countries. The lockdown imposition has resulted in lesser production of commodities, goods, and services. However, in 2021, with the uplifting of lockdown and vaccination processes, the automotive companies have started working again. So, the demand for automotive selective catalytic reductions technology has started rising.
MARKET PLAYERS
The reports cover key developments in the automotive selective catalytic reduction market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from automotive selective catalytic reduction market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the automotive selective catalytic reduction market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the automotive selective catalytic reduction market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- BASF SE
- Bosal
- CORMETECH Inc.
- Envirotherm GmbH
- Haldor Topsoe
- IBIDEM Ceram GmbH
- Johnson Matthey
- Magneti Marelli SPA
- Robert Bosch GmbH
- Umicore
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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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
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Automotive Selective Catalytic Reduction Market - By Component
1.3.2 Automotive Selective Catalytic Reduction Market - By Vehicle Type
1.3.3 Automotive Selective Catalytic Reduction Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AUTOMOTIVE SELECTIVE CATALYTIC REDUCTION 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 SELECTIVE CATALYTIC REDUCTION 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 SELECTIVE CATALYTIC REDUCTION MARKET - GLOBAL MARKET ANALYSIS
6.1. AUTOMOTIVE SELECTIVE CATALYTIC REDUCTION - GLOBAL MARKET OVERVIEW
6.2. AUTOMOTIVE SELECTIVE CATALYTIC REDUCTION - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. AUTOMOTIVE SELECTIVE CATALYTIC REDUCTION MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. UREA TANK
7.3.1. Overview
7.3.2. Urea Tank Market Forecast and Analysis
7.4. UREA PUMP
7.4.1. Overview
7.4.2. Urea Pump Market Forecast and Analysis
7.5. ELECTRONIC CONTROL UNIT
7.5.1. Overview
7.5.2. Electronic Control Unit Market Forecast and Analysis
7.6. INJECTORS
7.6.1. Overview
7.6.2. Injectors Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. AUTOMOTIVE SELECTIVE CATALYTIC REDUCTION MARKET - REVENUE AND FORECASTS TO 2028 - VEHICLE TYPE
8.1. OVERVIEW
8.2. VEHICLE TYPE MARKET FORECASTS AND ANALYSIS
8.3. PASSENGER CAR
8.3.1. Overview
8.3.2. Passenger Car Market Forecast and Analysis
8.4. LCV
8.4.1. Overview
8.4.2. LCV Market Forecast and Analysis
8.5. HCV
8.5.1. Overview
8.5.2. HCV Market Forecast and Analysis
9. AUTOMOTIVE SELECTIVE CATALYTIC REDUCTION MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Automotive Selective Catalytic Reduction Market Overview
9.1.2 North America Automotive Selective Catalytic Reduction Market Forecasts and Analysis
9.1.3 North America Automotive Selective Catalytic Reduction Market Forecasts and Analysis - By Component
9.1.4 North America Automotive Selective Catalytic Reduction Market Forecasts and Analysis - By Vehicle Type
9.1.5 North America Automotive Selective Catalytic Reduction Market Forecasts and Analysis - By Countries
9.1.5.1 United States Automotive Selective Catalytic Reduction Market
9.1.5.1.1 United States Automotive Selective Catalytic Reduction Market by Component
9.1.5.1.2 United States Automotive Selective Catalytic Reduction Market by Vehicle Type
9.1.5.2 Canada Automotive Selective Catalytic Reduction Market
9.1.5.2.1 Canada Automotive Selective Catalytic Reduction Market by Component
9.1.5.2.2 Canada Automotive Selective Catalytic Reduction Market by Vehicle Type
9.1.5.3 Mexico Automotive Selective Catalytic Reduction Market
9.1.5.3.1 Mexico Automotive Selective Catalytic Reduction Market by Component
9.1.5.3.2 Mexico Automotive Selective Catalytic Reduction Market by Vehicle Type
9.2. EUROPE
9.2.1 Europe Automotive Selective Catalytic Reduction Market Overview
9.2.2 Europe Automotive Selective Catalytic Reduction Market Forecasts and Analysis
9.2.3 Europe Automotive Selective Catalytic Reduction Market Forecasts and Analysis - By Component
9.2.4 Europe Automotive Selective Catalytic Reduction Market Forecasts and Analysis - By Vehicle Type
9.2.5 Europe Automotive Selective Catalytic Reduction Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Automotive Selective Catalytic Reduction Market
9.2.5.1.1 Germany Automotive Selective Catalytic Reduction Market by Component
9.2.5.1.2 Germany Automotive Selective Catalytic Reduction Market by Vehicle Type
9.2.5.2 France Automotive Selective Catalytic Reduction Market
9.2.5.2.1 France Automotive Selective Catalytic Reduction Market by Component
9.2.5.2.2 France Automotive Selective Catalytic Reduction Market by Vehicle Type
9.2.5.3 Italy Automotive Selective Catalytic Reduction Market
9.2.5.3.1 Italy Automotive Selective Catalytic Reduction Market by Component
9.2.5.3.2 Italy Automotive Selective Catalytic Reduction Market by Vehicle Type
9.2.5.4 United Kingdom Automotive Selective Catalytic Reduction Market
9.2.5.4.1 United Kingdom Automotive Selective Catalytic Reduction Market by Component
9.2.5.4.2 United Kingdom Automotive Selective Catalytic Reduction Market by Vehicle Type
9.2.5.5 Russia Automotive Selective Catalytic Reduction Market
9.2.5.5.1 Russia Automotive Selective Catalytic Reduction Market by Component
9.2.5.5.2 Russia Automotive Selective Catalytic Reduction Market by Vehicle Type
9.2.5.6 Rest of Europe Automotive Selective Catalytic Reduction Market
9.2.5.6.1 Rest of Europe Automotive Selective Catalytic Reduction Market by Component
9.2.5.6.2 Rest of Europe Automotive Selective Catalytic Reduction Market by Vehicle Type
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Automotive Selective Catalytic Reduction Market Overview
9.3.2 Asia-Pacific Automotive Selective Catalytic Reduction Market Forecasts and Analysis
9.3.3 Asia-Pacific Automotive Selective Catalytic Reduction Market Forecasts and Analysis - By Component
9.3.4 Asia-Pacific Automotive Selective Catalytic Reduction Market Forecasts and Analysis - By Vehicle Type
9.3.5 Asia-Pacific Automotive Selective Catalytic Reduction Market Forecasts and Analysis - By Countries
9.3.5.1 China Automotive Selective Catalytic Reduction Market
9.3.5.1.1 China Automotive Selective Catalytic Reduction Market by Component
9.3.5.1.2 China Automotive Selective Catalytic Reduction Market by Vehicle Type
9.3.5.2 India Automotive Selective Catalytic Reduction Market
9.3.5.2.1 India Automotive Selective Catalytic Reduction Market by Component
9.3.5.2.2 India Automotive Selective Catalytic Reduction Market by Vehicle Type
9.3.5.3 Japan Automotive Selective Catalytic Reduction Market
9.3.5.3.1 Japan Automotive Selective Catalytic Reduction Market by Component
9.3.5.3.2 Japan Automotive Selective Catalytic Reduction Market by Vehicle Type
9.3.5.4 South Korea Automotive Selective Catalytic Reduction Market
9.3.5.4.1 South Korea Automotive Selective Catalytic Reduction Market by Component
9.3.5.4.2 South Korea Automotive Selective Catalytic Reduction Market by Vehicle Type
9.3.5.5 Rest of Asia-Pacific Automotive Selective Catalytic Reduction Market
9.3.5.5.1 Rest of Asia-Pacific Automotive Selective Catalytic Reduction Market by Component
9.3.5.5.2 Rest of Asia-Pacific Automotive Selective Catalytic Reduction Market by Vehicle Type
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Automotive Selective Catalytic Reduction Market Overview
9.4.2 Middle East and Africa Automotive Selective Catalytic Reduction Market Forecasts and Analysis
9.4.3 Middle East and Africa Automotive Selective Catalytic Reduction Market Forecasts and Analysis - By Component
9.4.4 Middle East and Africa Automotive Selective Catalytic Reduction Market Forecasts and Analysis - By Vehicle Type
9.4.5 Middle East and Africa Automotive Selective Catalytic Reduction Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Automotive Selective Catalytic Reduction Market
9.4.5.1.1 South Africa Automotive Selective Catalytic Reduction Market by Component
9.4.5.1.2 South Africa Automotive Selective Catalytic Reduction Market by Vehicle Type
9.4.5.2 Rest of Middle East and Africa Automotive Selective Catalytic Reduction Market
9.4.5.2.1 Rest of Middle East and Africa Automotive Selective Catalytic Reduction Market by Component
9.4.5.2.2 Rest of Middle East and Africa Automotive Selective Catalytic Reduction Market by Vehicle Type
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Automotive Selective Catalytic Reduction Market Overview
9.5.2 South and Central America Automotive Selective Catalytic Reduction Market Forecasts and Analysis
9.5.3 South and Central America Automotive Selective Catalytic Reduction Market Forecasts and Analysis - By Component
9.5.4 South and Central America Automotive Selective Catalytic Reduction Market Forecasts and Analysis - By Vehicle Type
9.5.5 South and Central America Automotive Selective Catalytic Reduction Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Automotive Selective Catalytic Reduction Market
9.5.5.1.1 Brazil Automotive Selective Catalytic Reduction Market by Component
9.5.5.1.2 Brazil Automotive Selective Catalytic Reduction Market by Vehicle Type
9.5.5.2 Argentina Automotive Selective Catalytic Reduction Market
9.5.5.2.1 Argentina Automotive Selective Catalytic Reduction Market by Component
9.5.5.2.2 Argentina Automotive Selective Catalytic Reduction Market by Vehicle Type
9.5.5.3 Rest of South and Central America Automotive Selective Catalytic Reduction Market
9.5.5.3.1 Rest of South and Central America Automotive Selective Catalytic Reduction Market by Component
9.5.5.3.2 Rest of South and Central America Automotive Selective Catalytic Reduction 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 SELECTIVE CATALYTIC REDUCTION MARKET, KEY COMPANY PROFILES
11.1. BASF SE
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. BOSAL
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. CORMETECH INC.
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. ENVIROTHERM GMBH
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. HALDOR TOPSOE
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. IBIDEM CERAM 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. JOHNSON MATTHEY
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. MAGNETI MARELLI SPA
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. ROBERT BOSCH GMBH
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. UMICORE
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
1.BASF SE
2.Bosal
3.CORMETECH Inc.
4.Envirotherm GmbH
5.Haldor Topsoe
6.IBIDEM Ceram GmbH
7.Johnson Matthey
8.Magneti Marelli SPA
9.Robert Bosch GmbH
10.Umicore
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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