Construction Fabrics Market Forecast, Trends, Scope by 2031
The Construction Fabrics Market is expected to register a CAGR of 8.4% 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 (PVC, PTFE, ETFE, and Others). The report is also segmented by Application (Tensile Architecture, Awnings and Canopies, Facades, 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 Construction 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.
Construction Fabrics Market Segmentation
Type- PVC
- PTFE
- ETFE
- Tensile Architecture
- Awnings and Canopies
- Facades
Strategic Insights
Construction Fabrics Market Growth Drivers- Increasing Construction Activities: Increased construction activities across the world is one of the key factors that are boosting the growth of the global construction fabrics market. Both public and private sector undertakings are spending huge sums on construction such as on highways, flyovers, and commercial complexes. There will be a continued growth in the need for strong and adaptable fabrics that are used among other things for geotextiles and protective sheathing.
- Green Products Driving Construction Fabrics Demand: On the other hand, the paradigm shift leaneth upon the use of green products that are constructed and this enhances the market growth of politically in-correct fabrics. These consider the environmental effect and still give optimum performance. Builders have to therefore embrace textiles which will meet green building guidelines. As a result such materials have rise in demand thus creating new markets for consumers.
- Technological Advancements: The progression of technology in the field of fabric manufacturing is improving the properties and uses of construction fabrics. Better durability and weather resistance with lightweight materials have made the fabrics more marketable for various uses. With companies concentrating on R and D, it is expected that the coming years will witness increased market growth due to the availability of high performance fabrics.
- Rise in Sustainability: The trend of sustainability can be observed on the construction fabrics market. This is as environmental issues become priorities. Builders who are for such qualities are stopping relying on materials that are not friendly to the environment. This is seen in the preference for recycled and bio-based fabrics which correspond with houses in suggestions for green building.
- Technological Innovations: The entire construction fabrics market is changing due to technology wherein innovations aim to improve the performance and functionality of materials. There is an increasing application of smart textiles that can be used to insulate and monitor environmental conditions. As a result, this becomes a value addition to the efficiency of the construction work as well as the technology demand that modern construction works require.
- Modular Construction: The focus on prefabrication and modular construction techniques is altering the needs of construction fabrics. Such techniques are lightweight, strong, and flexible materials which can be transported and topped up with simple assembly. This is due to the fact that as the construction industry starts adopting these productive forms of building, the demand for construction fabrics for modular creative works is likely to increase considerably.
- Growth Opportunities in Construction Fabrics: There are substantial market prospects in countries such as China, India and Brazil for construction fabrics. With the increase in purchasing power of consumers in these areas, the need for modern construction solutions is on the rise. This trend provides a chance for the producers to design and develop advanced fabrics that would suit the construction characteristics of the region.
- Rising Demand for Tensile Architecture: Because of the beauty of the form and structures made of such materials, tensile architecture becomes more and more sought after. As a result, construction fabric producers can step forwards and create such materials that would serve to improve their performance. Given that more designers and contractors are embracing such designs, the need for high-grade and long-lasting textile materials will in the future increase.
- Emerging Trends in Smart Construction: With climate change and natural calamities in the rise, more attention is going to be paid towards the construction of smart and disaster resistant structures. There are also new trends that call for the use of construction fabrics that have better strength and protection from the elements. This is where there are business possibilities for the manufacturers, where they have to create new products for modern construction.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Construction 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 Construction 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.
- 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 Construction Fabrics Market is estimated to witness a CAGR of 8.4% from 2023 to 2031
Increasing infrastructure development is driving the market growth
Growth in tensile architecture application is one of the key opportunities for the market growth.
Sioen Industries NV, Low and Bonar plc, Sattler AG, Saint-Gobain SA, Taiyo Kogyo Corporation, Serge Ferrari SA, Hiraoka and Co. Ltd., Endutex Coated Technical Textiles, Koninklijke Ten Cate bv, and Fibertex Nonwovens A/S are among the leading players operating in the construction fabrics 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 is expected to register the fastest CAGR from 2023 to 2031.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Construction Fabrics Market - By Material
1.3.2 Construction Fabrics Market - By Type
1.3.3 Construction Fabrics Market - By Application
1.3.4 Construction Fabrics Market - By Region
1.3.4.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. CONSTRUCTION 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. CONSTRUCTION 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. CONSTRUCTION FABRICS MARKET - GLOBAL MARKET ANALYSIS
6.1. CONSTRUCTION FABRICS - GLOBAL MARKET OVERVIEW
6.2. CONSTRUCTION FABRICS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. CONSTRUCTION FABRICS MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL
7.1. OVERVIEW
7.2. MATERIAL MARKET FORECASTS AND ANALYSIS
7.3. PVC
7.3.1. Overview
7.3.2. PVC Market Forecast and Analysis
7.4. PTFE
7.4.1. Overview
7.4.2. PTFE Market Forecast and Analysis
7.5. ETFE
7.5.1. Overview
7.5.2. ETFE Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. CONSTRUCTION FABRICS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
8.1. OVERVIEW
8.2. TYPE MARKET FORECASTS AND ANALYSIS
8.3. NEEDLE PUNCHED NONWOVEN
8.3.1. Overview
8.3.2. Needle Punched Nonwoven Market Forecast and Analysis
8.4. WOVEN MONOFILAMENT
8.4.1. Overview
8.4.2. Woven Monofilament Market Forecast and Analysis
8.5. WOVEN SLIT
8.5.1. Overview
8.5.2. Woven Slit Market Forecast and Analysis
9. CONSTRUCTION FABRICS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. TENSILE ARCHITECTURE
9.3.1. Overview
9.3.2. Tensile Architecture Market Forecast and Analysis
9.4. AWNINGS AND CANOPIES
9.4.1. Overview
9.4.2. Awnings and Canopies Market Forecast and Analysis
9.5. FACADES
9.5.1. Overview
9.5.2. Facades Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis
10. CONSTRUCTION FABRICS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Construction Fabrics Market Overview
10.1.2 North America Construction Fabrics Market Forecasts and Analysis
10.1.3 North America Construction Fabrics Market Forecasts and Analysis - By Material
10.1.4 North America Construction Fabrics Market Forecasts and Analysis - By Type
10.1.5 North America Construction Fabrics Market Forecasts and Analysis - By Application
10.1.6 North America Construction Fabrics Market Forecasts and Analysis - By Countries
10.1.6.1 United States Construction Fabrics Market
10.1.6.1.1 United States Construction Fabrics Market by Material
10.1.6.1.2 United States Construction Fabrics Market by Type
10.1.6.1.3 United States Construction Fabrics Market by Application
10.1.6.2 Canada Construction Fabrics Market
10.1.6.2.1 Canada Construction Fabrics Market by Material
10.1.6.2.2 Canada Construction Fabrics Market by Type
10.1.6.2.3 Canada Construction Fabrics Market by Application
10.1.6.3 Mexico Construction Fabrics Market
10.1.6.3.1 Mexico Construction Fabrics Market by Material
10.1.6.3.2 Mexico Construction Fabrics Market by Type
10.1.6.3.3 Mexico Construction Fabrics Market by Application
10.2. EUROPE
10.2.1 Europe Construction Fabrics Market Overview
10.2.2 Europe Construction Fabrics Market Forecasts and Analysis
10.2.3 Europe Construction Fabrics Market Forecasts and Analysis - By Material
10.2.4 Europe Construction Fabrics Market Forecasts and Analysis - By Type
10.2.5 Europe Construction Fabrics Market Forecasts and Analysis - By Application
10.2.6 Europe Construction Fabrics Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Construction Fabrics Market
10.2.6.1.1 Germany Construction Fabrics Market by Material
10.2.6.1.2 Germany Construction Fabrics Market by Type
10.2.6.1.3 Germany Construction Fabrics Market by Application
10.2.6.2 France Construction Fabrics Market
10.2.6.2.1 France Construction Fabrics Market by Material
10.2.6.2.2 France Construction Fabrics Market by Type
10.2.6.2.3 France Construction Fabrics Market by Application
10.2.6.3 Italy Construction Fabrics Market
10.2.6.3.1 Italy Construction Fabrics Market by Material
10.2.6.3.2 Italy Construction Fabrics Market by Type
10.2.6.3.3 Italy Construction Fabrics Market by Application
10.2.6.4 United Kingdom Construction Fabrics Market
10.2.6.4.1 United Kingdom Construction Fabrics Market by Material
10.2.6.4.2 United Kingdom Construction Fabrics Market by Type
10.2.6.4.3 United Kingdom Construction Fabrics Market by Application
10.2.6.5 Russia Construction Fabrics Market
10.2.6.5.1 Russia Construction Fabrics Market by Material
10.2.6.5.2 Russia Construction Fabrics Market by Type
10.2.6.5.3 Russia Construction Fabrics Market by Application
10.2.6.6 Rest of Europe Construction Fabrics Market
10.2.6.6.1 Rest of Europe Construction Fabrics Market by Material
10.2.6.6.2 Rest of Europe Construction Fabrics Market by Type
10.2.6.6.3 Rest of Europe Construction Fabrics Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Construction Fabrics Market Overview
10.3.2 Asia-Pacific Construction Fabrics Market Forecasts and Analysis
10.3.3 Asia-Pacific Construction Fabrics Market Forecasts and Analysis - By Material
10.3.4 Asia-Pacific Construction Fabrics Market Forecasts and Analysis - By Type
10.3.5 Asia-Pacific Construction Fabrics Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Construction Fabrics Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Construction Fabrics Market
10.3.6.1.1 Australia Construction Fabrics Market by Material
10.3.6.1.2 Australia Construction Fabrics Market by Type
10.3.6.1.3 Australia Construction Fabrics Market by Application
10.3.6.2 China Construction Fabrics Market
10.3.6.2.1 China Construction Fabrics Market by Material
10.3.6.2.2 China Construction Fabrics Market by Type
10.3.6.2.3 China Construction Fabrics Market by Application
10.3.6.3 India Construction Fabrics Market
10.3.6.3.1 India Construction Fabrics Market by Material
10.3.6.3.2 India Construction Fabrics Market by Type
10.3.6.3.3 India Construction Fabrics Market by Application
10.3.6.4 Japan Construction Fabrics Market
10.3.6.4.1 Japan Construction Fabrics Market by Material
10.3.6.4.2 Japan Construction Fabrics Market by Type
10.3.6.4.3 Japan Construction Fabrics Market by Application
10.3.6.5 South Korea Construction Fabrics Market
10.3.6.5.1 South Korea Construction Fabrics Market by Material
10.3.6.5.2 South Korea Construction Fabrics Market by Type
10.3.6.5.3 South Korea Construction Fabrics Market by Application
10.3.6.6 Rest of Asia-Pacific Construction Fabrics Market
10.3.6.6.1 Rest of Asia-Pacific Construction Fabrics Market by Material
10.3.6.6.2 Rest of Asia-Pacific Construction Fabrics Market by Type
10.3.6.6.3 Rest of Asia-Pacific Construction Fabrics Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Construction Fabrics Market Overview
10.4.2 Middle East and Africa Construction Fabrics Market Forecasts and Analysis
10.4.3 Middle East and Africa Construction Fabrics Market Forecasts and Analysis - By Material
10.4.4 Middle East and Africa Construction Fabrics Market Forecasts and Analysis - By Type
10.4.5 Middle East and Africa Construction Fabrics Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Construction Fabrics Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Construction Fabrics Market
10.4.6.1.1 South Africa Construction Fabrics Market by Material
10.4.6.1.2 South Africa Construction Fabrics Market by Type
10.4.6.1.3 South Africa Construction Fabrics Market by Application
10.4.6.2 Saudi Arabia Construction Fabrics Market
10.4.6.2.1 Saudi Arabia Construction Fabrics Market by Material
10.4.6.2.2 Saudi Arabia Construction Fabrics Market by Type
10.4.6.2.3 Saudi Arabia Construction Fabrics Market by Application
10.4.6.3 U.A.E Construction Fabrics Market
10.4.6.3.1 U.A.E Construction Fabrics Market by Material
10.4.6.3.2 U.A.E Construction Fabrics Market by Type
10.4.6.3.3 U.A.E Construction Fabrics Market by Application
10.4.6.4 Rest of Middle East and Africa Construction Fabrics Market
10.4.6.4.1 Rest of Middle East and Africa Construction Fabrics Market by Material
10.4.6.4.2 Rest of Middle East and Africa Construction Fabrics Market by Type
10.4.6.4.3 Rest of Middle East and Africa Construction Fabrics Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Construction Fabrics Market Overview
10.5.2 South and Central America Construction Fabrics Market Forecasts and Analysis
10.5.3 South and Central America Construction Fabrics Market Forecasts and Analysis - By Material
10.5.4 South and Central America Construction Fabrics Market Forecasts and Analysis - By Type
10.5.5 South and Central America Construction Fabrics Market Forecasts and Analysis - By Application
10.5.6 South and Central America Construction Fabrics Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Construction Fabrics Market
10.5.6.1.1 Brazil Construction Fabrics Market by Material
10.5.6.1.2 Brazil Construction Fabrics Market by Type
10.5.6.1.3 Brazil Construction Fabrics Market by Application
10.5.6.2 Argentina Construction Fabrics Market
10.5.6.2.1 Argentina Construction Fabrics Market by Material
10.5.6.2.2 Argentina Construction Fabrics Market by Type
10.5.6.2.3 Argentina Construction Fabrics Market by Application
10.5.6.3 Rest of South and Central America Construction Fabrics Market
10.5.6.3.1 Rest of South and Central America Construction Fabrics Market by Material
10.5.6.3.2 Rest of South and Central America Construction Fabrics Market by Type
10.5.6.3.3 Rest of South and Central America Construction Fabrics Market by Application
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. CONSTRUCTION FABRICS MARKET, KEY COMPANY PROFILES
12.1. ENDUTEX COATED TECHNICAL TEXTILES
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. HIGHTEX GMBH
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. HIRAOKA AND CO. LTD.
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. LOW AND BONAR
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. SAINT-GOBAIN
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. SATTLER AG
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. SERGE FERRARI
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. SIOEN INDUSTRIES NV
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. TAIYO KOGYO CORPORATION
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. VERSEIDAG-INDUTEX GMBH
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. Endutex Coated Technical Textiles
2. Hightex GmbH
3. Hiraoka and Co. Ltd.
4. Low and Bonar
5. Saint-Gobain
6. Sattler AG
7. Serge Ferrari
8. Sioen Industries Nv
9. Taiyo Kogyo Corporation
10. Verseidag-Indutex GmbH
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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