Balustrade Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Balustrade Market covers analysis By Material (Glass, Wood, Metal, Others); Railing Type (Interior Railing, Exterior Railing); Application (Residential, Non Residential) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00020575
  • Category : Chemicals and Materials
  • No. of Pages : 150
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Balustrade Market SWOT Analysis by 2031

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MARKET OVERVIEW

A balustrade is a row of balusters topped by a rail that serves as an open parapet along the edge of a balcony, terrace, bridge, staircase, or a building's eaves. Balustrades can be made of a variety of materials such as stone, steel, or wood. The primary goal of installing balustrades is to keep people from falling off interior and exterior structures.

MARKET SCOPE

The "Global Balustrade Market Analysis to 2031" is a specialized and in-depth study of the chemical and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the balustrade market with detailed market segmentation by material, railing type, application and geography. The report provides key statistics on the market status of the leading balustrade market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

  •   Based on material, the global balustrade market is segmented into glass, wood, metal, others.
  •   Based on railing type, the global balustrade market is segmented into interior railing and exterior railing.
  •   Based on application, the balustrade market is segmented into residential and non residential.

MARKET DYNAMICS
Drivers:

  •   The increase in consumer preference and safety considerations is significantly driving the market growth.
  •   The rise in demand for energy-efficient building solutions worldwide is significantly contributing to the expansion of the balustrade market.
  •   Growing population, improving economic conditions, rapidly increasing per capita income, and rising urbanization and industrialization will create lucrative growth opportunities for balustrade manufacturers.
  •   Popularity of glass railings is also propelling the demand of balustrade.

Restraints:

  •   Volatility in balustrade prices.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global 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), the Middle East and Africa (MEA), and South America. The balustrade market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring 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 affecting the balustrade market in these regions.

IMPACT OF COVID-19 ON BALUSTRADE MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 pandemic has affected major chemicals and material industries, including balustrade. Owing to the current pandemic situation, many companies in the balustrade industry are experiencing limitations in manufacturing and production activities, as well as logistical problems as a result of ongoing trade restrictions. However, with opening several markets across the globe, vaccination development, and initiatives taken by various governments to support economic and industrial growth, the future demand of the balustrade market is anticipated to grow at a positive and steady pace in the coming years.

World Geography

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MARKET PLAYERS


The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global 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), the Middle East and Africa (MEA), and South America. The balustrade market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring 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 affecting the balustrade market in these regions.

IMPACT OF COVID-19 ON BALUSTRADE MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 pandemic has affected major chemicals and material industries, including balustrade. Owing to the current pandemic situation, many companies in the balustrade industry are experiencing limitations in manufacturing and production activities, as well as logistical problems as a result of ongoing trade restrictions. However, with opening several markets across the globe, vaccination development, and initiatives taken by various governments to support economic and industrial growth, the future demand of the balustrade market is anticipated to grow at a positive and steady pace in the coming years.

MARKET PLAYERS

The report covers key developments in the balustrade 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 marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from balustrade market are anticipated to lucrative growth opportunities in the future with the rising demand for balustrade in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the balustrade 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.

  •   Absolute Balustrades
  •   C.R. Laurence Co., Inc.
  •   GOKING HARDWARE
  •   Kelco Industries
  •   Ozone Overseas Pvt. Ltd.
  •   Q-railing Europe GmbH and Co. KG
  •   Securerail Ltd
  •   SG SYSTEM PRODUCTS
  •   Wagner Architectural Systems
  •   SWR Ltd.
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
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Balustrade Market - By Material
1.3.2 Balustrade Market - By Railing Type
1.3.3 Balustrade Market - By Application
1.3.4 Balustrade Market - By Region
1.3.4.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. BALUSTRADE 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. EXPERT OPINIONS

5. BALUSTRADE 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. BALUSTRADE MARKET - GLOBAL MARKET ANALYSIS
6.1. BALUSTRADE - GLOBAL MARKET OVERVIEW
6.2. BALUSTRADE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING

7. BALUSTRADE MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL
7.1. OVERVIEW
7.2. MATERIAL MARKET FORECASTS AND ANALYSIS
7.3. GLASS
7.3.1. Overview
7.3.2. Glass Market Forecast and Analysis
7.4. WOOD
7.4.1. Overview
7.4.2. Wood Market Forecast and Analysis
7.5. METAL
7.5.1. Overview
7.5.2. Metal Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. BALUSTRADE MARKET - REVENUE AND FORECASTS TO 2028 - RAILING TYPE
8.1. OVERVIEW
8.2. RAILING TYPE MARKET FORECASTS AND ANALYSIS
8.3. INTERIOR RAILING
8.3.1. Overview
8.3.2. Interior Railing Market Forecast and Analysis
8.4. EXTERIOR RAILING
8.4.1. Overview
8.4.2. Exterior Railing Market Forecast and Analysis
9. BALUSTRADE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. RESIDENTIAL
9.3.1. Overview
9.3.2. Residential Market Forecast and Analysis
9.4. NON RESIDENTIAL
9.4.1. Overview
9.4.2. Non Residential Market Forecast and Analysis

10. BALUSTRADE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Balustrade Market Overview
10.1.2 North America Balustrade Market Forecasts and Analysis
10.1.3 North America Balustrade Market Forecasts and Analysis - By Material
10.1.4 North America Balustrade Market Forecasts and Analysis - By Railing Type
10.1.5 North America Balustrade Market Forecasts and Analysis - By Application
10.1.6 North America Balustrade Market Forecasts and Analysis - By Countries
10.1.6.1 United States Balustrade Market
10.1.6.1.1 United States Balustrade Market by Material
10.1.6.1.2 United States Balustrade Market by Railing Type
10.1.6.1.3 United States Balustrade Market by Application
10.1.6.2 Canada Balustrade Market
10.1.6.2.1 Canada Balustrade Market by Material
10.1.6.2.2 Canada Balustrade Market by Railing Type
10.1.6.2.3 Canada Balustrade Market by Application
10.1.6.3 Mexico Balustrade Market
10.1.6.3.1 Mexico Balustrade Market by Material
10.1.6.3.2 Mexico Balustrade Market by Railing Type
10.1.6.3.3 Mexico Balustrade Market by Application
10.2. EUROPE
10.2.1 Europe Balustrade Market Overview
10.2.2 Europe Balustrade Market Forecasts and Analysis
10.2.3 Europe Balustrade Market Forecasts and Analysis - By Material
10.2.4 Europe Balustrade Market Forecasts and Analysis - By Railing Type
10.2.5 Europe Balustrade Market Forecasts and Analysis - By Application
10.2.6 Europe Balustrade Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Balustrade Market
10.2.6.1.1 Germany Balustrade Market by Material
10.2.6.1.2 Germany Balustrade Market by Railing Type
10.2.6.1.3 Germany Balustrade Market by Application
10.2.6.2 France Balustrade Market
10.2.6.2.1 France Balustrade Market by Material
10.2.6.2.2 France Balustrade Market by Railing Type
10.2.6.2.3 France Balustrade Market by Application
10.2.6.3 Italy Balustrade Market
10.2.6.3.1 Italy Balustrade Market by Material
10.2.6.3.2 Italy Balustrade Market by Railing Type
10.2.6.3.3 Italy Balustrade Market by Application
10.2.6.4 United Kingdom Balustrade Market
10.2.6.4.1 United Kingdom Balustrade Market by Material
10.2.6.4.2 United Kingdom Balustrade Market by Railing Type
10.2.6.4.3 United Kingdom Balustrade Market by Application
10.2.6.5 Russia Balustrade Market
10.2.6.5.1 Russia Balustrade Market by Material
10.2.6.5.2 Russia Balustrade Market by Railing Type
10.2.6.5.3 Russia Balustrade Market by Application
10.2.6.6 Rest of Europe Balustrade Market
10.2.6.6.1 Rest of Europe Balustrade Market by Material
10.2.6.6.2 Rest of Europe Balustrade Market by Railing Type
10.2.6.6.3 Rest of Europe Balustrade Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Balustrade Market Overview
10.3.2 Asia-Pacific Balustrade Market Forecasts and Analysis
10.3.3 Asia-Pacific Balustrade Market Forecasts and Analysis - By Material
10.3.4 Asia-Pacific Balustrade Market Forecasts and Analysis - By Railing Type
10.3.5 Asia-Pacific Balustrade Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Balustrade Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Balustrade Market
10.3.6.1.1 Australia Balustrade Market by Material
10.3.6.1.2 Australia Balustrade Market by Railing Type
10.3.6.1.3 Australia Balustrade Market by Application
10.3.6.2 China Balustrade Market
10.3.6.2.1 China Balustrade Market by Material
10.3.6.2.2 China Balustrade Market by Railing Type
10.3.6.2.3 China Balustrade Market by Application
10.3.6.3 India Balustrade Market
10.3.6.3.1 India Balustrade Market by Material
10.3.6.3.2 India Balustrade Market by Railing Type
10.3.6.3.3 India Balustrade Market by Application
10.3.6.4 Japan Balustrade Market
10.3.6.4.1 Japan Balustrade Market by Material
10.3.6.4.2 Japan Balustrade Market by Railing Type
10.3.6.4.3 Japan Balustrade Market by Application
10.3.6.5 South Korea Balustrade Market
10.3.6.5.1 South Korea Balustrade Market by Material
10.3.6.5.2 South Korea Balustrade Market by Railing Type
10.3.6.5.3 South Korea Balustrade Market by Application
10.3.6.6 Rest of Asia-Pacific Balustrade Market
10.3.6.6.1 Rest of Asia-Pacific Balustrade Market by Material
10.3.6.6.2 Rest of Asia-Pacific Balustrade Market by Railing Type
10.3.6.6.3 Rest of Asia-Pacific Balustrade Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Balustrade Market Overview
10.4.2 Middle East and Africa Balustrade Market Forecasts and Analysis
10.4.3 Middle East and Africa Balustrade Market Forecasts and Analysis - By Material
10.4.4 Middle East and Africa Balustrade Market Forecasts and Analysis - By Railing Type
10.4.5 Middle East and Africa Balustrade Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Balustrade Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Balustrade Market
10.4.6.1.1 South Africa Balustrade Market by Material
10.4.6.1.2 South Africa Balustrade Market by Railing Type
10.4.6.1.3 South Africa Balustrade Market by Application
10.4.6.2 Saudi Arabia Balustrade Market
10.4.6.2.1 Saudi Arabia Balustrade Market by Material
10.4.6.2.2 Saudi Arabia Balustrade Market by Railing Type
10.4.6.2.3 Saudi Arabia Balustrade Market by Application
10.4.6.3 U.A.E Balustrade Market
10.4.6.3.1 U.A.E Balustrade Market by Material
10.4.6.3.2 U.A.E Balustrade Market by Railing Type
10.4.6.3.3 U.A.E Balustrade Market by Application
10.4.6.4 Rest of Middle East and Africa Balustrade Market
10.4.6.4.1 Rest of Middle East and Africa Balustrade Market by Material
10.4.6.4.2 Rest of Middle East and Africa Balustrade Market by Railing Type
10.4.6.4.3 Rest of Middle East and Africa Balustrade Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Balustrade Market Overview
10.5.2 South and Central America Balustrade Market Forecasts and Analysis
10.5.3 South and Central America Balustrade Market Forecasts and Analysis - By Material
10.5.4 South and Central America Balustrade Market Forecasts and Analysis - By Railing Type
10.5.5 South and Central America Balustrade Market Forecasts and Analysis - By Application
10.5.6 South and Central America Balustrade Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Balustrade Market
10.5.6.1.1 Brazil Balustrade Market by Material
10.5.6.1.2 Brazil Balustrade Market by Railing Type
10.5.6.1.3 Brazil Balustrade Market by Application
10.5.6.2 Argentina Balustrade Market
10.5.6.2.1 Argentina Balustrade Market by Material
10.5.6.2.2 Argentina Balustrade Market by Railing Type
10.5.6.2.3 Argentina Balustrade Market by Application
10.5.6.3 Rest of South and Central America Balustrade Market
10.5.6.3.1 Rest of South and Central America Balustrade Market by Material
10.5.6.3.2 Rest of South and Central America Balustrade Market by Railing Type
10.5.6.3.3 Rest of South and Central America Balustrade Market by Application

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. BALUSTRADE MARKET, KEY COMPANY PROFILES
12.1. ABSOLUTE BALUSTRADES
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. C.R. LAURENCE CO., INC.
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. GOKING HARDWARE
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. KELCO INDUSTRIES
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. OZONE OVERSEAS PVT. LTD.
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. Q-RAILING EUROPE GMBH AND CO. KG
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. SECURERAIL LTD
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. SG SYSTEM PRODUCTS
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. SWR LTD.
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. WAGNER ARCHITECTURAL SYSTEMS
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
The List of Companies

1. Absolute Balustrades
2. C.R. Laurence Co., Inc.
3. GOKING HARDWARE
4. Kelco Industries
5. Ozone Overseas Pvt. Ltd.
6. Q-railing Europe GmbH and Co. KG
7. Securerail Ltd
8. SG SYSTEM PRODUCTS
9. SWR Ltd.
10. Wagner Architectural Systems

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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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