Computer Numerical Controls Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Computer Numerical Control (CNC) Machining is the procedure through which computers control machine-based processes in manufacturing. The kinds of machines controlled include routers, mills, lathes, and grinders, all that is used for the manufacturing of metal and plastic products.
MARKET DYNAMICS
These computer numerical control machines well organized various operational processes by reducing minimizing human error and production time. Additionally, a highly competitive market has encouraged players to focus on efficient manufacturing methods. They are trying to earn a competitive advantage by redesigning their facilities such as CNC machines. Apart from this, the implementation of 3D printing with CNC machines is a different addition to some of the new production units, which is anticipated to offer better multi-material capability, with limited resource wastage. The increasing demand for automated manufacturing in the industrial sector has led to the increasing utilization of CNC machines. Also, the corporation of manufacturing facilities in Asia-Pacific has encouraged the usage of computer numerical controls in the sector.
MARKET SCOPE
The "Global Computer numerical controls (CNC) Market Analysis to 2031" is a specialized and in-depth study of the computer numerical controls (CNC) market with a special focus on the global market trend analysis. The report aims to provide an overview of computer numerical controls (CNC) market with detailed market segmentation by computer numerical controls (CNC) thickness, computer numerical controls (CNC) type, end-use, and geography. The global computer numerical controls (CNC) market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading computer numerical controls (CNC) market players and offers key trends and opportunities in the computer numerical controls (CNC) market.
MARKET SEGMENTATION
The global computer numerical controls (CNC) market is segmented on the basis of type and end-use. On the basis of type, the market is segmented as lathe machines, milling machines, laser machines, grinding machines, welding machines, winding machines, and others. On the basis of end-use, the market is segmented as automotive, aerospace and defense, construction equipment, power and energy, industrial, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global computer numerical controls (CNC) market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The computer numerical controls (CNC) market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting computer numerical controls (CNC) market from both demand and supply side and further evaluates market dynamics effecting the market during 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 effecting the computer numerical controls (CNC) market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global computer numerical controls (CNC) market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The computer numerical controls (CNC) market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting computer numerical controls (CNC) market from both demand and supply side and further evaluates market dynamics effecting the market during 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 effecting the computer numerical controls (CNC) market in these regions.
MARKET PLAYERS
The reports cover key developments in the computer numerical controls (CNC) market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from computer numerical controls (CNC) market are anticipated to lucrative growth opportunities in the future with the rising demand for computer numerical controls (CNC) market. Below mentioned is the list of few companies engaged in the computer numerical controls (CNC) market.
The report also includes the profiles of key computer numerical controls (CNC) market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Amada Machine Tools Co., Ltd.
- Amera Seiki
- Dalian Machine Tool Group (DMTG) Corporation
- Datron AG
- DMG Mori Co., Ltd.
- FANUC Corporation
- Haas Automation, Inc.
- Hurco Companies, Inc.
- Okuma Corporation
- Yamazaki Mazak Corporation
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
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Computer Numerical Controls (CNC) Market - By Type
1.3.2 Computer Numerical Controls (CNC) Market - By End-Use
1.3.3 Computer Numerical Controls (CNC) Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. COMPUTER NUMERICAL CONTROLS (CNC) 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. COMPUTER NUMERICAL CONTROLS (CNC) 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. COMPUTER NUMERICAL CONTROLS (CNC) MARKET - GLOBAL MARKET ANALYSIS
6.1. COMPUTER NUMERICAL CONTROLS (CNC) - GLOBAL MARKET OVERVIEW
6.2. COMPUTER NUMERICAL CONTROLS (CNC) - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. COMPUTER NUMERICAL CONTROLS (CNC) MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. LATHE MACHINES
7.3.1. Overview
7.3.2. Lathe Machines Market Forecast and Analysis
7.4. MILLING MACHINES
7.4.1. Overview
7.4.2. Milling Machines Market Forecast and Analysis
7.5. LASER MACHINES
7.5.1. Overview
7.5.2. Laser Machines Market Forecast and Analysis
7.6. GRINDING MACHINES
7.6.1. Overview
7.6.2. Grinding Machines Market Forecast and Analysis
7.7. WELDING MACHINES
7.7.1. Overview
7.7.2. Welding Machines Market Forecast and Analysis
7.8. WINDING MACHINES
7.8.1. Overview
7.8.2. Winding Machines Market Forecast and Analysis
7.9. OTHERS
7.9.1. Overview
7.9.2. Others Market Forecast and Analysis
8. COMPUTER NUMERICAL CONTROLS (CNC) MARKET - REVENUE AND FORECASTS TO 2028 - END-USE
8.1. OVERVIEW
8.2. END-USE MARKET FORECASTS AND ANALYSIS
8.3. AUTOMOTIVE
8.3.1. Overview
8.3.2. Automotive Market Forecast and Analysis
8.4. AEROSPACE AND DEFENSE
8.4.1. Overview
8.4.2. Aerospace and Defense Market Forecast and Analysis
8.5. CONSTRUCTION EQUIPMENT
8.5.1. Overview
8.5.2. Construction Equipment Market Forecast and Analysis
8.6. POWER AND ENERGY
8.6.1. Overview
8.6.2. Power and Energy Market Forecast and Analysis
8.7. INDUSTRIAL
8.7.1. Overview
8.7.2. Industrial Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. COMPUTER NUMERICAL CONTROLS (CNC) MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Computer Numerical Controls (CNC) Market Overview
9.1.2 North America Computer Numerical Controls (CNC) Market Forecasts and Analysis
9.1.3 North America Computer Numerical Controls (CNC) Market Forecasts and Analysis - By Type
9.1.4 North America Computer Numerical Controls (CNC) Market Forecasts and Analysis - By End-Use
9.1.5 North America Computer Numerical Controls (CNC) Market Forecasts and Analysis - By Countries
9.1.5.1 United States Computer Numerical Controls (CNC) Market
9.1.5.1.1 United States Computer Numerical Controls (CNC) Market by Type
9.1.5.1.2 United States Computer Numerical Controls (CNC) Market by End-Use
9.1.5.2 Canada Computer Numerical Controls (CNC) Market
9.1.5.2.1 Canada Computer Numerical Controls (CNC) Market by Type
9.1.5.2.2 Canada Computer Numerical Controls (CNC) Market by End-Use
9.1.5.3 Mexico Computer Numerical Controls (CNC) Market
9.1.5.3.1 Mexico Computer Numerical Controls (CNC) Market by Type
9.1.5.3.2 Mexico Computer Numerical Controls (CNC) Market by End-Use
9.2. EUROPE
9.2.1 Europe Computer Numerical Controls (CNC) Market Overview
9.2.2 Europe Computer Numerical Controls (CNC) Market Forecasts and Analysis
9.2.3 Europe Computer Numerical Controls (CNC) Market Forecasts and Analysis - By Type
9.2.4 Europe Computer Numerical Controls (CNC) Market Forecasts and Analysis - By End-Use
9.2.5 Europe Computer Numerical Controls (CNC) Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Computer Numerical Controls (CNC) Market
9.2.5.1.1 Germany Computer Numerical Controls (CNC) Market by Type
9.2.5.1.2 Germany Computer Numerical Controls (CNC) Market by End-Use
9.2.5.2 France Computer Numerical Controls (CNC) Market
9.2.5.2.1 France Computer Numerical Controls (CNC) Market by Type
9.2.5.2.2 France Computer Numerical Controls (CNC) Market by End-Use
9.2.5.3 Italy Computer Numerical Controls (CNC) Market
9.2.5.3.1 Italy Computer Numerical Controls (CNC) Market by Type
9.2.5.3.2 Italy Computer Numerical Controls (CNC) Market by End-Use
9.2.5.4 United Kingdom Computer Numerical Controls (CNC) Market
9.2.5.4.1 United Kingdom Computer Numerical Controls (CNC) Market by Type
9.2.5.4.2 United Kingdom Computer Numerical Controls (CNC) Market by End-Use
9.2.5.5 Poland Computer Numerical Controls (CNC) Market
9.2.5.5.1 Poland Computer Numerical Controls (CNC) Market by Type
9.2.5.5.2 Poland Computer Numerical Controls (CNC) Market by End-Use
9.2.5.6 Rest of Europe Computer Numerical Controls (CNC) Market
9.2.5.6.1 Rest of Europe Computer Numerical Controls (CNC) Market by Type
9.2.5.6.2 Rest of Europe Computer Numerical Controls (CNC) Market by End-Use
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Computer Numerical Controls (CNC) Market Overview
9.3.2 Asia-Pacific Computer Numerical Controls (CNC) Market Forecasts and Analysis
9.3.3 Asia-Pacific Computer Numerical Controls (CNC) Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Computer Numerical Controls (CNC) Market Forecasts and Analysis - By End-Use
9.3.5 Asia-Pacific Computer Numerical Controls (CNC) Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Computer Numerical Controls (CNC) Market
9.3.5.1.1 Australia Computer Numerical Controls (CNC) Market by Type
9.3.5.1.2 Australia Computer Numerical Controls (CNC) Market by End-Use
9.3.5.2 China Computer Numerical Controls (CNC) Market
9.3.5.2.1 China Computer Numerical Controls (CNC) Market by Type
9.3.5.2.2 China Computer Numerical Controls (CNC) Market by End-Use
9.3.5.3 India Computer Numerical Controls (CNC) Market
9.3.5.3.1 India Computer Numerical Controls (CNC) Market by Type
9.3.5.3.2 India Computer Numerical Controls (CNC) Market by End-Use
9.3.5.4 Japan Computer Numerical Controls (CNC) Market
9.3.5.4.1 Japan Computer Numerical Controls (CNC) Market by Type
9.3.5.4.2 Japan Computer Numerical Controls (CNC) Market by End-Use
9.3.5.5 South Korea Computer Numerical Controls (CNC) Market
9.3.5.5.1 South Korea Computer Numerical Controls (CNC) Market by Type
9.3.5.5.2 South Korea Computer Numerical Controls (CNC) Market by End-Use
9.3.5.6 Rest of Asia-Pacific Computer Numerical Controls (CNC) Market
9.3.5.6.1 Rest of Asia-Pacific Computer Numerical Controls (CNC) Market by Type
9.3.5.6.2 Rest of Asia-Pacific Computer Numerical Controls (CNC) Market by End-Use
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Computer Numerical Controls (CNC) Market Overview
9.4.2 Middle East and Africa Computer Numerical Controls (CNC) Market Forecasts and Analysis
9.4.3 Middle East and Africa Computer Numerical Controls (CNC) Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Computer Numerical Controls (CNC) Market Forecasts and Analysis - By End-Use
9.4.5 Middle East and Africa Computer Numerical Controls (CNC) Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Computer Numerical Controls (CNC) Market
9.4.5.1.1 South Africa Computer Numerical Controls (CNC) Market by Type
9.4.5.1.2 South Africa Computer Numerical Controls (CNC) Market by End-Use
9.4.5.2 Saudi Arabia Computer Numerical Controls (CNC) Market
9.4.5.2.1 Saudi Arabia Computer Numerical Controls (CNC) Market by Type
9.4.5.2.2 Saudi Arabia Computer Numerical Controls (CNC) Market by End-Use
9.4.5.3 U.A.E Computer Numerical Controls (CNC) Market
9.4.5.3.1 U.A.E Computer Numerical Controls (CNC) Market by Type
9.4.5.3.2 U.A.E Computer Numerical Controls (CNC) Market by End-Use
9.4.5.4 Rest of Middle East and Africa Computer Numerical Controls (CNC) Market
9.4.5.4.1 Rest of Middle East and Africa Computer Numerical Controls (CNC) Market by Type
9.4.5.4.2 Rest of Middle East and Africa Computer Numerical Controls (CNC) Market by End-Use
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Computer Numerical Controls (CNC) Market Overview
9.5.2 South and Central America Computer Numerical Controls (CNC) Market Forecasts and Analysis
9.5.3 South and Central America Computer Numerical Controls (CNC) Market Forecasts and Analysis - By Type
9.5.4 South and Central America Computer Numerical Controls (CNC) Market Forecasts and Analysis - By End-Use
9.5.5 South and Central America Computer Numerical Controls (CNC) Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Computer Numerical Controls (CNC) Market
9.5.5.1.1 Brazil Computer Numerical Controls (CNC) Market by Type
9.5.5.1.2 Brazil Computer Numerical Controls (CNC) Market by End-Use
9.5.5.2 Argentina Computer Numerical Controls (CNC) Market
9.5.5.2.1 Argentina Computer Numerical Controls (CNC) Market by Type
9.5.5.2.2 Argentina Computer Numerical Controls (CNC) Market by End-Use
9.5.5.3 Rest of South and Central America Computer Numerical Controls (CNC) Market
9.5.5.3.1 Rest of South and Central America Computer Numerical Controls (CNC) Market by Type
9.5.5.3.2 Rest of South and Central America Computer Numerical Controls (CNC) Market by End-Use
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. COMPUTER NUMERICAL CONTROLS (CNC) MARKET, KEY COMPANY PROFILES
11.1. AMADA MACHINE TOOLS 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. AMERA SEIKI
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. DALIAN MACHINE TOOL GROUP (DMTG) CORPORATION
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. DATRON AG
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. DMG MORI 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. FANUC 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. HAAS AUTOMATION, 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. HURCO COMPANIES, INC.
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. OKUMA CORPORATION
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. YAMAZAKI MAZAK CORPORATION
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. Amada Machine Tools Co., Ltd.
2. Amera Seiki
3. Dalian Machine Tool Group (DMTG) Corporation
4. Datron AG
5. DMG Mori Co., Ltd.
6. FANUC CORPORATION
7. Haas Automation, Inc.
8. Hurco Companies, Inc.
9. Okuma Corporation
10. Yamazaki Mazak Corporation
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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