Compressed Natural Gas Tanks Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Compressed Natural Gas Tanks Market covers analysis By Raw Material (Metal, Glass Fiber, Carbon Fiber); Vehicle Type (Light Duty, Medium Duty, Heavy Duty) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00029586
  • Category : Energy and Power
  • No. of Pages : 150
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Compressed Natural Gas Tanks Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

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MARKET OVERVIEW
Compressed Natural Gas (CNG), is utilized as a substitute for gasoline by the transportation fleet, is stored in CNG tanks. CNG is kept at room temperature in tanks made of various materials and is used as a fuel in cars known as CNG vehicles. Because it is lighter than gasoline and emits less pollution, CNG combustion is encouraged by the government to combat pollution that is on the rise. It also improves how a vehicle operates in dense urban traffic.

MARKET SCOPE
The "Global Compressed Natural Gas Tanks Market Analysis to 2031" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the compressed natural gas tanks market with detailed market segmentation by raw material, vehicle type, and geography. The report provides key statistics on the market status of the leading compressed natural gas tanks market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

  •  Based on raw material, the market is segmented into metal, glass fiber, and carbon fiber.
  •  Based on vehicle type, the market is segmented into light duty, medium duty, and heavy duty


MARKET DYNAMICS

Drivers:
    -
  •  Increasing oil prices is driving the growth of the growth of the compressed natural gas tanks market.
Restraints:
    -
  •  High cost of installation may hinder the growth of the compressed natural gas tanks market.
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 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The compressed natural gas tanks 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 the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. 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 compressed natural gas tanks market in these regions.

IMPACT OF COVID-19 ON COMPRESSED NATURAL GAS TANKS MARKET
COVID-19 has severely affected the growth of the compressed natural gas tanks market. At the global level, disruptions in the supply of raw materials due to COVID 19 affected the compressed natural gas tanks market. However, the compressed natural gas tanks market is expected to grow in the forecast period.

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 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The compressed natural gas tanks 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 the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. 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 compressed natural gas tanks market in these regions.

IMPACT OF COVID-19 ON COMPRESSED NATURAL GAS TANKS MARKET
COVID-19 has severely affected the growth of the compressed natural gas tanks market. At the global level, disruptions in the supply of raw materials due to COVID 19 affected the compressed natural gas tanks market. However, the compressed natural gas tanks market is expected to grow in the forecast period.

MARKET PLAYERS
The report covers key developments in the compressed natural gas tanks 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 the way for the expansion of the business and customer base of market players. The market players from the compressed natural gas tanks market are anticipated to have lucrative growth opportunities in the future with the rising demand in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the compressed natural gas tanks 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.

  •  AVANCO GmbH
  •  Beijing Tianhai Industry co.,Ltd.
  •  FABER INDUSTRIE SPA
  •  Hexagon Composites ASA
  •  Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd.
  •  Luxfer Holdings PLC
  •  Praxair Technology, Inc.
  •  Quantum Fuel Systems LLC.
  •  ULLIT
  •  Worthington Industries, Inc.
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers 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 Compressed Natural Gas Tanks Market - By Raw Material
1.3.2 Compressed Natural Gas Tanks Market - By Vehicle Type
1.3.3 Compressed Natural Gas Tanks Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. COMPRESSED NATURAL GAS TANKS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS

5. COMPRESSED NATURAL GAS TANKS 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. COMPRESSED NATURAL GAS TANKS MARKET - GLOBAL MARKET ANALYSIS
6.1. COMPRESSED NATURAL GAS TANKS - GLOBAL MARKET OVERVIEW
6.2. COMPRESSED NATURAL GAS TANKS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. COMPRESSED NATURAL GAS TANKS MARKET - REVENUE AND FORECASTS TO 2028 - RAW MATERIAL
7.1. OVERVIEW
7.2. RAW MATERIAL MARKET FORECASTS AND ANALYSIS
7.3. METAL
7.3.1. Overview
7.3.2. Metal Market Forecast and Analysis
7.4. GLASS FIBER
7.4.1. Overview
7.4.2. Glass Fiber Market Forecast and Analysis
7.5. CARBON FIBER
7.5.1. Overview
7.5.2. Carbon Fiber Market Forecast and Analysis
8. COMPRESSED NATURAL GAS TANKS MARKET - REVENUE AND FORECASTS TO 2028 - VEHICLE TYPE
8.1. OVERVIEW
8.2. VEHICLE TYPE MARKET FORECASTS AND ANALYSIS
8.3. LIGHT DUTY
8.3.1. Overview
8.3.2. Light Duty Market Forecast and Analysis
8.4. MEDIUM DUTY
8.4.1. Overview
8.4.2. Medium Duty Market Forecast and Analysis
8.5. HEAVY DUTY
8.5.1. Overview
8.5.2. Heavy Duty Market Forecast and Analysis

9. COMPRESSED NATURAL GAS TANKS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Compressed Natural Gas Tanks Market Overview
9.1.2 North America Compressed Natural Gas Tanks Market Forecasts and Analysis
9.1.3 North America Compressed Natural Gas Tanks Market Forecasts and Analysis - By Raw Material
9.1.4 North America Compressed Natural Gas Tanks Market Forecasts and Analysis - By Vehicle Type
9.1.5 North America Compressed Natural Gas Tanks Market Forecasts and Analysis - By Countries
9.1.5.1 United States Compressed Natural Gas Tanks Market
9.1.5.1.1 United States Compressed Natural Gas Tanks Market by Raw Material
9.1.5.1.2 United States Compressed Natural Gas Tanks Market by Vehicle Type
9.1.5.2 Canada Compressed Natural Gas Tanks Market
9.1.5.2.1 Canada Compressed Natural Gas Tanks Market by Raw Material
9.1.5.2.2 Canada Compressed Natural Gas Tanks Market by Vehicle Type
9.1.5.3 Mexico Compressed Natural Gas Tanks Market
9.1.5.3.1 Mexico Compressed Natural Gas Tanks Market by Raw Material
9.1.5.3.2 Mexico Compressed Natural Gas Tanks Market by Vehicle Type
9.2. EUROPE
9.2.1 Europe Compressed Natural Gas Tanks Market Overview
9.2.2 Europe Compressed Natural Gas Tanks Market Forecasts and Analysis
9.2.3 Europe Compressed Natural Gas Tanks Market Forecasts and Analysis - By Raw Material
9.2.4 Europe Compressed Natural Gas Tanks Market Forecasts and Analysis - By Vehicle Type
9.2.5 Europe Compressed Natural Gas Tanks Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Compressed Natural Gas Tanks Market
9.2.5.1.1 Germany Compressed Natural Gas Tanks Market by Raw Material
9.2.5.1.2 Germany Compressed Natural Gas Tanks Market by Vehicle Type
9.2.5.2 France Compressed Natural Gas Tanks Market
9.2.5.2.1 France Compressed Natural Gas Tanks Market by Raw Material
9.2.5.2.2 France Compressed Natural Gas Tanks Market by Vehicle Type
9.2.5.3 Italy Compressed Natural Gas Tanks Market
9.2.5.3.1 Italy Compressed Natural Gas Tanks Market by Raw Material
9.2.5.3.2 Italy Compressed Natural Gas Tanks Market by Vehicle Type
9.2.5.4 United Kingdom Compressed Natural Gas Tanks Market
9.2.5.4.1 United Kingdom Compressed Natural Gas Tanks Market by Raw Material
9.2.5.4.2 United Kingdom Compressed Natural Gas Tanks Market by Vehicle Type
9.2.5.5 Russia Compressed Natural Gas Tanks Market
9.2.5.5.1 Russia Compressed Natural Gas Tanks Market by Raw Material
9.2.5.5.2 Russia Compressed Natural Gas Tanks Market by Vehicle Type
9.2.5.6 Rest of Europe Compressed Natural Gas Tanks Market
9.2.5.6.1 Rest of Europe Compressed Natural Gas Tanks Market by Raw Material
9.2.5.6.2 Rest of Europe Compressed Natural Gas Tanks Market by Vehicle Type
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Compressed Natural Gas Tanks Market Overview
9.3.2 Asia-Pacific Compressed Natural Gas Tanks Market Forecasts and Analysis
9.3.3 Asia-Pacific Compressed Natural Gas Tanks Market Forecasts and Analysis - By Raw Material
9.3.4 Asia-Pacific Compressed Natural Gas Tanks Market Forecasts and Analysis - By Vehicle Type
9.3.5 Asia-Pacific Compressed Natural Gas Tanks Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Compressed Natural Gas Tanks Market
9.3.5.1.1 Australia Compressed Natural Gas Tanks Market by Raw Material
9.3.5.1.2 Australia Compressed Natural Gas Tanks Market by Vehicle Type
9.3.5.2 China Compressed Natural Gas Tanks Market
9.3.5.2.1 China Compressed Natural Gas Tanks Market by Raw Material
9.3.5.2.2 China Compressed Natural Gas Tanks Market by Vehicle Type
9.3.5.3 India Compressed Natural Gas Tanks Market
9.3.5.3.1 India Compressed Natural Gas Tanks Market by Raw Material
9.3.5.3.2 India Compressed Natural Gas Tanks Market by Vehicle Type
9.3.5.4 Japan Compressed Natural Gas Tanks Market
9.3.5.4.1 Japan Compressed Natural Gas Tanks Market by Raw Material
9.3.5.4.2 Japan Compressed Natural Gas Tanks Market by Vehicle Type
9.3.5.5 South Korea Compressed Natural Gas Tanks Market
9.3.5.5.1 South Korea Compressed Natural Gas Tanks Market by Raw Material
9.3.5.5.2 South Korea Compressed Natural Gas Tanks Market by Vehicle Type
9.3.5.6 Rest of Asia-Pacific Compressed Natural Gas Tanks Market
9.3.5.6.1 Rest of Asia-Pacific Compressed Natural Gas Tanks Market by Raw Material
9.3.5.6.2 Rest of Asia-Pacific Compressed Natural Gas Tanks Market by Vehicle Type
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Compressed Natural Gas Tanks Market Overview
9.4.2 Middle East and Africa Compressed Natural Gas Tanks Market Forecasts and Analysis
9.4.3 Middle East and Africa Compressed Natural Gas Tanks Market Forecasts and Analysis - By Raw Material
9.4.4 Middle East and Africa Compressed Natural Gas Tanks Market Forecasts and Analysis - By Vehicle Type
9.4.5 Middle East and Africa Compressed Natural Gas Tanks Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Compressed Natural Gas Tanks Market
9.4.5.1.1 South Africa Compressed Natural Gas Tanks Market by Raw Material
9.4.5.1.2 South Africa Compressed Natural Gas Tanks Market by Vehicle Type
9.4.5.2 Saudi Arabia Compressed Natural Gas Tanks Market
9.4.5.2.1 Saudi Arabia Compressed Natural Gas Tanks Market by Raw Material
9.4.5.2.2 Saudi Arabia Compressed Natural Gas Tanks Market by Vehicle Type
9.4.5.3 U.A.E Compressed Natural Gas Tanks Market
9.4.5.3.1 U.A.E Compressed Natural Gas Tanks Market by Raw Material
9.4.5.3.2 U.A.E Compressed Natural Gas Tanks Market by Vehicle Type
9.4.5.4 Rest of Middle East and Africa Compressed Natural Gas Tanks Market
9.4.5.4.1 Rest of Middle East and Africa Compressed Natural Gas Tanks Market by Raw Material
9.4.5.4.2 Rest of Middle East and Africa Compressed Natural Gas Tanks Market by Vehicle Type
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Compressed Natural Gas Tanks Market Overview
9.5.2 South and Central America Compressed Natural Gas Tanks Market Forecasts and Analysis
9.5.3 South and Central America Compressed Natural Gas Tanks Market Forecasts and Analysis - By Raw Material
9.5.4 South and Central America Compressed Natural Gas Tanks Market Forecasts and Analysis - By Vehicle Type
9.5.5 South and Central America Compressed Natural Gas Tanks Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Compressed Natural Gas Tanks Market
9.5.5.1.1 Brazil Compressed Natural Gas Tanks Market by Raw Material
9.5.5.1.2 Brazil Compressed Natural Gas Tanks Market by Vehicle Type
9.5.5.2 Argentina Compressed Natural Gas Tanks Market
9.5.5.2.1 Argentina Compressed Natural Gas Tanks Market by Raw Material
9.5.5.2.2 Argentina Compressed Natural Gas Tanks Market by Vehicle Type
9.5.5.3 Rest of South and Central America Compressed Natural Gas Tanks Market
9.5.5.3.1 Rest of South and Central America Compressed Natural Gas Tanks Market by Raw Material
9.5.5.3.2 Rest of South and Central America Compressed Natural Gas Tanks 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. COMPRESSED NATURAL GAS TANKS MARKET, KEY COMPANY PROFILES
11.1. AVANCO GMBH
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. BEIJING TIANHAI INDUSTRY 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. FABER INDUSTRIE SPA
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. HEXAGON COMPOSITES ASA
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. LIANYUNGANG ZHONGFU LIANZHONG COMPOSITES GROUP CO. LTD.
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. LUXFER HOLDINGS PLC
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. PRAXAIR TECHNOLOGY, INC.
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. QUANTUM FUEL SYSTEMS LLC.
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. ULLIT
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. WORTHINGTON INDUSTRIES, INC.
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

1.AVANCO GmbH
2.Beijing Tianhai Industry co.,Ltd.
3.FABER INDUSTRIE SPA
4.Hexagon Composites ASA
5.Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd.
6.Luxfer Holdings PLC
7.Praxair Technology, Inc.
8.Quantum Fuel Systems LLC.
9.ULLIT
10.Worthington Industries, Inc.

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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