Commercial Shipbuilding Market Key Players Analysis 2031
The Commercial Shipbuilding Market is expected to register a CAGR of 2.8% 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 (Cargo ship, Tankers, Fishing boats, Specialist ships, Passenger ship); Application (Cargo Transport, Passenger Transport, Others). 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 Commercial Shipbuilding 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.
Commercial Shipbuilding Market Segmentation
Type- Cargo ship
- Tankers
- Fishing boats
- Specialist ships
- Passenger ship
- Cargo Transport
- Passenger Transport
- Others
Strategic Insights
Commercial Shipbuilding Market Growth Drivers- Growing Global Trade and Maritime Transportation: One of the primary drivers of the commercial shipbuilding market is the increasing volume of global trade. As economies continue to expand and international trade flows increase, there is a heightened demand for commercial vessels, such as cargo ships, tankers, and bulk carriers. This trend is further supported by the rise of e-commerce and global supply chains, which necessitate efficient and reliable shipping solutions to transport goods across vast distances.
- Environmental Regulations and Sustainability Initiatives: Stricter environmental regulations and a global push for sustainability are driving the commercial shipbuilding market towards the development of eco-friendly vessels. Governments and international organizations are implementing regulations aimed at reducing emissions and minimizing the environmental impact of shipping. Shipbuilders are investing in technologies that enhance fuel efficiency, reduce emissions, and utilize alternative fuels (such as LNG and hydrogen), creating a demand for new, compliant vessels.
- Technological Advancements in Ship Design and Construction: Advances in shipbuilding technology, including automation, digitalization, and innovative materials, are enhancing the efficiency and effectiveness of the shipbuilding process. Technologies such as 3D printing, virtual reality (VR) for design, and advanced simulation tools are revolutionizing how ships are designed and constructed. These advancements not only improve the quality and performance of vessels but also reduce construction time and costs, driving competitiveness in the commercial shipbuilding sector.
- Shift Towards Digitalization and Smart Ships: The trend towards digitalization in the commercial shipbuilding market is gaining momentum, with a focus on developing smart ships equipped with advanced technologies. These vessels utilize IoT (Internet of Things) sensors, big data analytics, and artificial intelligence to optimize operations, enhance safety, and improve fuel efficiency. The shift towards smart ships is transforming how shipping companies operate, leading to increased demand for technologically advanced vessels.
- Increasing Demand for Specialized Vessels: There is a growing demand for specialized vessels designed for specific industries, such as offshore energy, fisheries, and tourism. For example, the rise of renewable energy sources, particularly offshore wind farms, is driving the need for service vessels capable of supporting installation and maintenance activities. Shipbuilders are responding to this trend by developing bespoke vessels that cater to niche markets and specific operational needs, creating opportunities for growth.
- Development of Hybrid and Electric Vessels: As the industry moves towards sustainability, there is a growing opportunity for the development of hybrid and fully electric vessels. These vessels offer reduced emissions and lower operational costs, making them attractive to shipping companies looking to comply with environmental regulations and enhance their sustainability profiles. Shipbuilders that invest in research and development of innovative power systems can position themselves as leaders in this emerging segment.
- Collaboration with Technology Providers: There is an opportunity for commercial shipbuilders to collaborate with technology providers to enhance their offerings. By partnering with companies specializing in digital solutions, automation, and advanced materials, shipbuilders can improve their manufacturing processes and develop cutting-edge vessels. These collaborations can lead to innovations in ship design, increased operational efficiency, and enhanced competitiveness in the market.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Commercial Shipbuilding 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 Commercial Shipbuilding 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
The Commercial Shipbuilding Market is estimated to witness a CAGR of 2.8% from 2023 to 2031
The major factors driving the Commercial Shipbuilding Market are: Increasing Global Trade Activities#Ship design and building technology advances
Focus on Automation and Robotics is the key future trend of the Commercial Shipbuilding Market
The leading players operating in the Commercial Shipbuilding Market include Daewoo Shipbuilding Marine Engineering Co Ltd, Hyundai Heavy Industries Co Ltd, Hyundai Samho Heavy Industries Co Ltd, Imabari Shipbuilding, LARSEN TOUBRO LIMITED, Mitsubishi Heavy Industries, Oshima Shipbuilding Co Ltd, Samsung Heavy Industries, Shanghai Waigaoqiao Shipbuilding Co Ltd
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
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.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Commercial Shipbuilding Market - By Type
1.3.2 Commercial Shipbuilding Market - By Application
1.3.3 Commercial Shipbuilding Market - By Region
1.3.3.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. COMMERCIAL SHIPBUILDING 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. COMMERCIAL SHIPBUILDING 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. COMMERCIAL SHIPBUILDING MARKET - GLOBAL MARKET ANALYSIS
6.1. COMMERCIAL SHIPBUILDING - GLOBAL MARKET OVERVIEW
6.2. COMMERCIAL SHIPBUILDING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. COMMERCIAL SHIPBUILDING MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. CARGO SHIP
7.3.1. Overview
7.3.2. Cargo ship Market Forecast and Analysis
7.4. TANKERS
7.4.1. Overview
7.4.2. Tankers Market Forecast and Analysis
7.5. FISHING BOATS
7.5.1. Overview
7.5.2. Fishing boats Market Forecast and Analysis
7.6. SPECIALIST SHIPS
7.6.1. Overview
7.6.2. Specialist ships Market Forecast and Analysis
7.7. PASSENGER SHIP
7.7.1. Overview
7.7.2. Passenger ship Market Forecast and Analysis
8. COMMERCIAL SHIPBUILDING MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. CARGO TRANSPORT
8.3.1. Overview
8.3.2. Cargo Transport Market Forecast and Analysis
8.4. PASSENGER TRANSPORT
8.4.1. Overview
8.4.2. Passenger Transport Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. COMMERCIAL SHIPBUILDING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Commercial Shipbuilding Market Overview
9.1.2 North America Commercial Shipbuilding Market Forecasts and Analysis
9.1.3 North America Commercial Shipbuilding Market Forecasts and Analysis - By Type
9.1.4 North America Commercial Shipbuilding Market Forecasts and Analysis - By Application
9.1.5 North America Commercial Shipbuilding Market Forecasts and Analysis - By Countries
9.1.5.1 United States Commercial Shipbuilding Market
9.1.5.1.1 United States Commercial Shipbuilding Market by Type
9.1.5.1.2 United States Commercial Shipbuilding Market by Application
9.1.5.2 Canada Commercial Shipbuilding Market
9.1.5.2.1 Canada Commercial Shipbuilding Market by Type
9.1.5.2.2 Canada Commercial Shipbuilding Market by Application
9.1.5.3 Mexico Commercial Shipbuilding Market
9.1.5.3.1 Mexico Commercial Shipbuilding Market by Type
9.1.5.3.2 Mexico Commercial Shipbuilding Market by Application
9.2. EUROPE
9.2.1 Europe Commercial Shipbuilding Market Overview
9.2.2 Europe Commercial Shipbuilding Market Forecasts and Analysis
9.2.3 Europe Commercial Shipbuilding Market Forecasts and Analysis - By Type
9.2.4 Europe Commercial Shipbuilding Market Forecasts and Analysis - By Application
9.2.5 Europe Commercial Shipbuilding Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Commercial Shipbuilding Market
9.2.5.1.1 Germany Commercial Shipbuilding Market by Type
9.2.5.1.2 Germany Commercial Shipbuilding Market by Application
9.2.5.2 France Commercial Shipbuilding Market
9.2.5.2.1 France Commercial Shipbuilding Market by Type
9.2.5.2.2 France Commercial Shipbuilding Market by Application
9.2.5.3 Italy Commercial Shipbuilding Market
9.2.5.3.1 Italy Commercial Shipbuilding Market by Type
9.2.5.3.2 Italy Commercial Shipbuilding Market by Application
9.2.5.4 United Kingdom Commercial Shipbuilding Market
9.2.5.4.1 United Kingdom Commercial Shipbuilding Market by Type
9.2.5.4.2 United Kingdom Commercial Shipbuilding Market by Application
9.2.5.5 Russia Commercial Shipbuilding Market
9.2.5.5.1 Russia Commercial Shipbuilding Market by Type
9.2.5.5.2 Russia Commercial Shipbuilding Market by Application
9.2.5.6 Rest of Europe Commercial Shipbuilding Market
9.2.5.6.1 Rest of Europe Commercial Shipbuilding Market by Type
9.2.5.6.2 Rest of Europe Commercial Shipbuilding Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Commercial Shipbuilding Market Overview
9.3.2 Asia-Pacific Commercial Shipbuilding Market Forecasts and Analysis
9.3.3 Asia-Pacific Commercial Shipbuilding Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Commercial Shipbuilding Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Commercial Shipbuilding Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Commercial Shipbuilding Market
9.3.5.1.1 Australia Commercial Shipbuilding Market by Type
9.3.5.1.2 Australia Commercial Shipbuilding Market by Application
9.3.5.2 China Commercial Shipbuilding Market
9.3.5.2.1 China Commercial Shipbuilding Market by Type
9.3.5.2.2 China Commercial Shipbuilding Market by Application
9.3.5.3 India Commercial Shipbuilding Market
9.3.5.3.1 India Commercial Shipbuilding Market by Type
9.3.5.3.2 India Commercial Shipbuilding Market by Application
9.3.5.4 Japan Commercial Shipbuilding Market
9.3.5.4.1 Japan Commercial Shipbuilding Market by Type
9.3.5.4.2 Japan Commercial Shipbuilding Market by Application
9.3.5.5 South Korea Commercial Shipbuilding Market
9.3.5.5.1 South Korea Commercial Shipbuilding Market by Type
9.3.5.5.2 South Korea Commercial Shipbuilding Market by Application
9.3.5.6 Rest of Asia-Pacific Commercial Shipbuilding Market
9.3.5.6.1 Rest of Asia-Pacific Commercial Shipbuilding Market by Type
9.3.5.6.2 Rest of Asia-Pacific Commercial Shipbuilding Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Commercial Shipbuilding Market Overview
9.4.2 Middle East and Africa Commercial Shipbuilding Market Forecasts and Analysis
9.4.3 Middle East and Africa Commercial Shipbuilding Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Commercial Shipbuilding Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Commercial Shipbuilding Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Commercial Shipbuilding Market
9.4.5.1.1 South Africa Commercial Shipbuilding Market by Type
9.4.5.1.2 South Africa Commercial Shipbuilding Market by Application
9.4.5.2 Saudi Arabia Commercial Shipbuilding Market
9.4.5.2.1 Saudi Arabia Commercial Shipbuilding Market by Type
9.4.5.2.2 Saudi Arabia Commercial Shipbuilding Market by Application
9.4.5.3 U.A.E Commercial Shipbuilding Market
9.4.5.3.1 U.A.E Commercial Shipbuilding Market by Type
9.4.5.3.2 U.A.E Commercial Shipbuilding Market by Application
9.4.5.4 Rest of Middle East and Africa Commercial Shipbuilding Market
9.4.5.4.1 Rest of Middle East and Africa Commercial Shipbuilding Market by Type
9.4.5.4.2 Rest of Middle East and Africa Commercial Shipbuilding Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Commercial Shipbuilding Market Overview
9.5.2 South and Central America Commercial Shipbuilding Market Forecasts and Analysis
9.5.3 South and Central America Commercial Shipbuilding Market Forecasts and Analysis - By Type
9.5.4 South and Central America Commercial Shipbuilding Market Forecasts and Analysis - By Application
9.5.5 South and Central America Commercial Shipbuilding Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Commercial Shipbuilding Market
9.5.5.1.1 Brazil Commercial Shipbuilding Market by Type
9.5.5.1.2 Brazil Commercial Shipbuilding Market by Application
9.5.5.2 Argentina Commercial Shipbuilding Market
9.5.5.2.1 Argentina Commercial Shipbuilding Market by Type
9.5.5.2.2 Argentina Commercial Shipbuilding Market by Application
9.5.5.3 Rest of South and Central America Commercial Shipbuilding Market
9.5.5.3.1 Rest of South and Central America Commercial Shipbuilding Market by Type
9.5.5.3.2 Rest of South and Central America Commercial Shipbuilding 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. COMMERCIAL SHIPBUILDING MARKET, KEY COMPANY PROFILES
11.1. DAEWOO SHIPBUILDING MARINE ENGINEERING CO., LTD
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. HYUNDAI HEAVY INDUSTRIES CO., LTD.
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. HYUNDAI SAMHO HEAVY INDUSTRIES CO., LTD.
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. IMABARI SHIPBUILDING
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. LARSEN TOUBRO LIMITED
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. MITSUBISHI HEAVY INDUSTRIES
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. OSHIMA SHIPBUILDING CO., LTD.
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. SAMSUNG HEAVY INDUSTRIES
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. SHANGHAI WAIGAOQIAO SHIPBUILDING CO., LTD.
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. TSUNEISHI SHIPBUILDING CO.,LTD.
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. Daewoo Shipbuilding Marine Engineering Co., Ltd
2. Hyundai Heavy Industries Co., Ltd.
3. Hyundai Samho Heavy Industries Co., Ltd.
4. Imabari Shipbuilding
5. LARSEN TOUBRO LIMITED
6. Mitsubishi Heavy Industries
7. Oshima Shipbuilding Co., Ltd.
8. Samsung Heavy Industries
9. Shanghai Waigaoqiao Shipbuilding Co., Ltd.
10. TSUNEISHI SHIPBUILDING Co.,Ltd.
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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