Coated Fabrics Market Analysis 2021-2031 | Trends
The Coated Fabrics Market is expected to register a CAGR of 6.2% 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 Coating Material (Polyurethane, PVC, Rubber, Silicon, Polyethylene, Acrylic, and Others). The report is also segmented based on Product Type (Woven, Knitted, and Non-Woven) and Application (Automotive, Aerospace, Protective Clothing, Furniture, Building and Construction, Sports and Recreation Equipment, and Others). The report scope covers 5 regions: North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America and key countries under each region. 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 Coated Fabrics 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.
Coated Fabrics Market Segmentation
Product Type- Woven
- Knitted
- Non-Woven
- Polyurethane
- PVC
- Rubber
- Silicon
- Polyethylene
- Acrylic
- Automotive
- Aerospace
- Protective Clothing
- Furniture
- Building and Construction
- Sports and Recreation Equipment
- 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
Coated Fabrics Market Growth Drivers- Coated Fabrics Market Growth Driven by Safety Requirements in Transport: The coated fabrics market is expected to grow due to the high requirement of safety in vehicles, aircrafts and any other forms of transport. Coated fabrics have protective qualities like fire-resistance and wear-resistance therefore are used in safety oriented purposes. This development is very important under such circumstances, as industries are very much focused on the safety of the passengers and the goods carried.
- Increasing Urbanization and Infrastructure Development Boosting Coated Fabrics Demand: The demand for coated fabrics in different sectors is also on the rise due to the increase in urbanization and population dynamics. As urban areas grow, there are more needs to expand or create infrastructure, provide housing, and develop transport systems which leads to high demands and the use of coated fabrics in such products as tents, awnings, and even protective wear. Such aspects provide quite significant possibilities for the growth of the industry.
- Innovations in Coated Fabrics for Enhanced Functionalities in Various Industries: Innovations in coatings, processes, and nanotechnology have opened new possibilities in the functionalization of coated fabrics. New materials and methods of applying fabrics are being used to create new types of fabrics with better characteristics like that of water and ultraviolet resistant fabrics. These inventions are increasing the demand in the automotive sectors, aerospace industries and even sports and outdoor equipment.
- Sustainability Driving Coated Fabrics Market with Eco-friendly Materials and Processes: Almost everything coated fabrics are current mice skewing towards sustainability as the manufactures are taking into consideration the materials and processes which are environment friendly. There is an amino-craft that incorporates coated fabrics which are made recycling tips, belts or other ethnic products. This herbis can bust metypinaisian standards and also achieve optimal consumer satisfaction as it does embrace local market trends to the fullest.
- China’s Coated Fabrics Market Thriving Due to Outdoor and Sports Activities Trend: However, based on the China coated fabrics market for the review period Mezz Bros prediction is in alarming growth of outdoor and sports activities trend. For many useful purposes like tents, awnings, outdoor clothing etc., such coated fabrics are needed which are weather resistant and strong. Increasingly seeking for innovative high performance capabilities, coated fabrics that can withstand the varied climactic and geographical conditions.
- Innovative Coating Techniques Enhance Coated Fabrics' Performance for Multiple Industries: Sublimation of coated fabrics is also benefited from the new discoveries of coating techniques. New developments such as Nano coating, Multi-layer coating etc. are used in coated fabrics to improve the application properties of fabrics such as water proofing, UV resistant, strength and the like. Such development in the science industry gives manufacturers the latitude to produce specific goods that are needed in the many sectors of the industries.
- Opportunities for Coated Fabrics in Healthcare with Durability and Antimicrobial Properties: The market for coated fabrics offers a lot of opportunities in the healthcare segment. Considering the overall growth in demand for medical textiles like surgical gowns and other protective clothing, manufacturers are likely to design specialized coated fabrics that offer an enhanced durability and may have antimicrobial activity as well. This also supports the growing popularity of safety and hygiene in health care facilities.
- Growth in Smart Technologies Boosts Coated Fabrics Market for Wearables and Health Textiles: There is an increased demand for coated fabrics which comes bundled with the smart technologies in-built such as sensors and conductive materials. These advanced fabrics have several applications including in smart wearable technology and sporting health smart textiles. As the market for smart solutions continues to develop among consumers, then the manufacturers will use this as an opportunity.
- Expanding Demand for Coated Fabrics in Automotive and Aerospace Sectors Drives Market Growth: The market for coated fabrics is expected to increase as the automobile and aerospace industries grow. There are coated fabrics required for use in such areas as seating surfaces, internal wall coverings, and protective jackets. As these sectors grow and demand thinner and stronger materials, the manufacturers will be able to create specialized coated fabric materials for that purpose.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Coated Fabrics 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 Coated Fabrics 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.
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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
The Coated Fabrics Market is estimated to witness a CAGR of 6.2% from 2023 to 2031
Rising importance of safety in transportation is driving the market growth
Strong demand for coated fabrics for outdoor and recreational equipment is likely to remain the key trend in the market.
Continental AG, Trelleborg Group, Serge Ferrari Group, Fabri Cote, Saint-Gobain, Bobet Group, Seaman Corporation, Heytex Gruppe, Morbern Europe, and Tex Tech Industries are among the leading players operating in the coated fabricss market.
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
Based on geography, Asia Pacific held the largest share of the coated fabricss market.
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 Coated Fabrics Market - By Product
1.3.2 Coated Fabrics Market - By Application
1.3.3 Coated Fabrics Market - By Region
1.3.3.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. COATED FABRICS 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. COATED FABRICS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. COATED FABRICS MARKET - GLOBAL MARKET ANALYSIS
6.1. COATED FABRICS - GLOBAL MARKET OVERVIEW
6.2. COATED FABRICS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. COATED FABRICS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. POLYMER-COATED FABRICS
7.3.1. Overview
7.3.2. Polymer-Coated Fabrics Market Forecast and Analysis
7.3.3. Vinyl-Coated Fabrics Market
7.3.3.1. Overview
7.3.3.2. Vinyl-Coated Fabrics Market Forecast and Analysis
7.3.4. PU-Coated Fabrics Market
7.3.4.1. Overview
7.3.4.2. PU-Coated Fabrics Market Forecast and Analysis
7.3.5. PE-Coated Fabrics Market
7.3.5.1. Overview
7.3.5.2. PE-Coated Fabrics Market Forecast and Analysis
7.3.6. Others Market
7.3.6.1. Overview
7.3.6.2. Others Market Forecast and Analysis
7.4. RUBBER-COATED FABRICS
7.4.1. Overview
7.4.2. Rubber-Coated Fabrics Market Forecast and Analysis
7.5. FABRIC-BACKED WALL COVERINGS
7.5.1. Overview
7.5.2. Fabric-Backed Wall Coverings Market Forecast and Analysis
8. COATED FABRICS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. TRANSPORTATION
8.3.1. Overview
8.3.2. Transportation Market Forecast and Analysis
8.4. PROTECTIVE CLOTHING
8.4.1. Overview
8.4.2. Protective Clothing Market Forecast and Analysis
8.5. INDUSTRIAL
8.5.1. Overview
8.5.2. Industrial Market Forecast and Analysis
8.6. ROOFING, AWNINGS AND CANOPIES
8.6.1. Overview
8.6.2. Roofing, Awnings and Canopies Market Forecast and Analysis
8.7. FURNITURE AND SEATING
8.7.1. Overview
8.7.2. Furniture and Seating Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. COATED FABRICS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Coated Fabrics Market Overview
9.1.2 North America Coated Fabrics Market Forecasts and Analysis
9.1.3 North America Coated Fabrics Market Forecasts and Analysis - By Product
9.1.4 North America Coated Fabrics Market Forecasts and Analysis - By Application
9.1.5 North America Coated Fabrics Market Forecasts and Analysis - By Countries
9.1.5.1 United States Coated Fabrics Market
9.1.5.1.1 United States Coated Fabrics Market by Product
9.1.5.1.2 United States Coated Fabrics Market by Application
9.1.5.2 Canada Coated Fabrics Market
9.1.5.2.1 Canada Coated Fabrics Market by Product
9.1.5.2.2 Canada Coated Fabrics Market by Application
9.1.5.3 Mexico Coated Fabrics Market
9.1.5.3.1 Mexico Coated Fabrics Market by Product
9.1.5.3.2 Mexico Coated Fabrics Market by Application
9.2. EUROPE
9.2.1 Europe Coated Fabrics Market Overview
9.2.2 Europe Coated Fabrics Market Forecasts and Analysis
9.2.3 Europe Coated Fabrics Market Forecasts and Analysis - By Product
9.2.4 Europe Coated Fabrics Market Forecasts and Analysis - By Application
9.2.5 Europe Coated Fabrics Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Coated Fabrics Market
9.2.5.1.1 Germany Coated Fabrics Market by Product
9.2.5.1.2 Germany Coated Fabrics Market by Application
9.2.5.2 France Coated Fabrics Market
9.2.5.2.1 France Coated Fabrics Market by Product
9.2.5.2.2 France Coated Fabrics Market by Application
9.2.5.3 Italy Coated Fabrics Market
9.2.5.3.1 Italy Coated Fabrics Market by Product
9.2.5.3.2 Italy Coated Fabrics Market by Application
9.2.5.4 United Kingdom Coated Fabrics Market
9.2.5.4.1 United Kingdom Coated Fabrics Market by Product
9.2.5.4.2 United Kingdom Coated Fabrics Market by Application
9.2.5.5 Russia Coated Fabrics Market
9.2.5.5.1 Russia Coated Fabrics Market by Product
9.2.5.5.2 Russia Coated Fabrics Market by Application
9.2.5.6 Rest of Europe Coated Fabrics Market
9.2.5.6.1 Rest of Europe Coated Fabrics Market by Product
9.2.5.6.2 Rest of Europe Coated Fabrics Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Coated Fabrics Market Overview
9.3.2 Asia-Pacific Coated Fabrics Market Forecasts and Analysis
9.3.3 Asia-Pacific Coated Fabrics Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Coated Fabrics Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Coated Fabrics Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Coated Fabrics Market
9.3.5.1.1 Australia Coated Fabrics Market by Product
9.3.5.1.2 Australia Coated Fabrics Market by Application
9.3.5.2 China Coated Fabrics Market
9.3.5.2.1 China Coated Fabrics Market by Product
9.3.5.2.2 China Coated Fabrics Market by Application
9.3.5.3 India Coated Fabrics Market
9.3.5.3.1 India Coated Fabrics Market by Product
9.3.5.3.2 India Coated Fabrics Market by Application
9.3.5.4 Japan Coated Fabrics Market
9.3.5.4.1 Japan Coated Fabrics Market by Product
9.3.5.4.2 Japan Coated Fabrics Market by Application
9.3.5.5 South Korea Coated Fabrics Market
9.3.5.5.1 South Korea Coated Fabrics Market by Product
9.3.5.5.2 South Korea Coated Fabrics Market by Application
9.3.5.6 Rest of Asia-Pacific Coated Fabrics Market
9.3.5.6.1 Rest of Asia-Pacific Coated Fabrics Market by Product
9.3.5.6.2 Rest of Asia-Pacific Coated Fabrics Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Coated Fabrics Market Overview
9.4.2 Middle East and Africa Coated Fabrics Market Forecasts and Analysis
9.4.3 Middle East and Africa Coated Fabrics Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Coated Fabrics Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Coated Fabrics Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Coated Fabrics Market
9.4.5.1.1 South Africa Coated Fabrics Market by Product
9.4.5.1.2 South Africa Coated Fabrics Market by Application
9.4.5.2 Saudi Arabia Coated Fabrics Market
9.4.5.2.1 Saudi Arabia Coated Fabrics Market by Product
9.4.5.2.2 Saudi Arabia Coated Fabrics Market by Application
9.4.5.3 U.A.E Coated Fabrics Market
9.4.5.3.1 U.A.E Coated Fabrics Market by Product
9.4.5.3.2 U.A.E Coated Fabrics Market by Application
9.4.5.4 Rest of Middle East and Africa Coated Fabrics Market
9.4.5.4.1 Rest of Middle East and Africa Coated Fabrics Market by Product
9.4.5.4.2 Rest of Middle East and Africa Coated Fabrics Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Coated Fabrics Market Overview
9.5.2 South and Central America Coated Fabrics Market Forecasts and Analysis
9.5.3 South and Central America Coated Fabrics Market Forecasts and Analysis - By Product
9.5.4 South and Central America Coated Fabrics Market Forecasts and Analysis - By Application
9.5.5 South and Central America Coated Fabrics Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Coated Fabrics Market
9.5.5.1.1 Brazil Coated Fabrics Market by Product
9.5.5.1.2 Brazil Coated Fabrics Market by Application
9.5.5.2 Argentina Coated Fabrics Market
9.5.5.2.1 Argentina Coated Fabrics Market by Product
9.5.5.2.2 Argentina Coated Fabrics Market by Application
9.5.5.3 Rest of South and Central America Coated Fabrics Market
9.5.5.3.1 Rest of South and Central America Coated Fabrics Market by Product
9.5.5.3.2 Rest of South and Central America Coated Fabrics Market by Application
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. COATED FABRICS MARKET, KEY COMPANY PROFILES
11.1. CONTITECH AG
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. DICKSON-CONSTANT, SAS (GLEN RAVEN, INC.)
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. MEHLER TEXNOLOGIES GMBH (LOW AND BONAR PLC)
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. OMNOVA SOLUTIONS INC.
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. SAINT-GOBAIN PERFORMANCE PLASTICS CORPORATION
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. SEAMAN CORPORATION
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. SERGE FERRARI S.A.S
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. SIOEN INDUSTRIES NV
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. SPRADLING INTERNATIONAL, INC.
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. TRELLEBORG COATED SYSTEMS
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
The List of Companies
- ContiTech AG
- DICKSON-CONSTANT, SAS (Glen Raven, Inc.)
- Mehler Texnologies GmbH (Low & Bonar PLC)
- OMNOVA Solutions Inc.
- Saint-Gobain Performance Plastics Corporation
- Seaman Corporation
- Serge Ferrari S.A.S
- Sioen Industries NV
- Spradling International, Inc.
- Trelleborg Coated Systems
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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