Construction Scaffolding Rental Market Dynamics and Analysis by 2031
The Construction Scaffolding Rental Market is expected to register a CAGR of 7.2% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Product (Supported Scaffolding, Suspended Scaffolding, Mobile Scaffolding, Others). The report further presents analysis based on the Application (New Construction, Refurbishment, Demolition, Others). The report further presents analysis based on the End-user (Residential, Non-Residential). 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 Scaffolding Rental 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 Scaffolding Rental Market Segmentation
Product- Supported Scaffolding
- Suspended Scaffolding
- Mobile Scaffolding
- Others
- New Construction
- Refurbishment
- Demolition
- Others
- Residential
- Non-Residential
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Construction Scaffolding Rental Market Growth Drivers- Rapid Urbanization and Infrastructure Development: With this, rapid urbanization and infrastructure development across the global locations have been driving the demand for construction scaffolding renting. The growth of spaces of a city and new construction areas demand equipment to ensure conditions of working safely.
- Rise in Demand for Rental Solutions: The other major factor is the cost-effectiveness of rental solutions. More people are looking for rental scaffolding instead of buying it outright. Renting allows construction companies to reduce capital expenditure and maintenance cost while having the flexibility to scale up or down according to the needs of the project. This is attractive to small and medium-sized enterprises who do not have the wherewithal to invest in a large scaffolding inventory.
- Advanced Technologies: Huge opportunity exists in the adoption of even more advanced scaffolding technologies such as modular scaffolding systems and smart scaffolding solutions enabled with IoT features. The future holds enhanced safety, increased efficiency, and ease of use that should attract customers to the renting of these modern solutions.
- Growth in Emerging Markets: Scaffolding rentals for construction industries of emerging markets particularly, within Asia-Pacific has become substantial business prospects. Determination suggests these areas continue investing into new projects in constructions and infrastructure thus resulting in increasing expected demands for an even safer scaffolding service from its customer. These again emerge new avenues of increasing scale as well as market size.
- Sustainability Trend: Another trend is the sustainability in the construction industry, which will shift demand towards more eco-friendly scaffolding materials and practices. For companies to rent to concerned clients seeking cost-effective and eco-friendly solutions, companies have to be responsive to sustainable requirements.
- High Hurdle on Safety Regulation: The construction industry now emphasizes the fact that rigid security standards and regulations need to be followed. The fabricator, therefore, seeks to procure quality scaffolding adhering to stringent security standards. It simply means the rental companies will compete with each other fiercely if they adhere to safety standards and offer certified scaffolding solutions to customers.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Construction Scaffolding Rental 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 Scaffolding Rental 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.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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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
- 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
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to country scope.
Frequently Asked Questions
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.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
The leading players operating in the Construction Scaffolding Rental Market include Altrad Investment Authority S.A.S., Apollo Scaffold Services Ltd., ASA Scaffolding Services Ltd., ASW Scaffolding Ltd., Atlantic Pacific Equipment (AT-PAC), Inc., Brand Energy & Infrastructure Holdings, Inc., Condor S.p.A., Sunbelt Rentals Inc., ULMA C y E, S. Coop, and United Rentals, Inc.
The Construction Scaffolding Rental Market is estimated to witness a CAGR of 7.2% from 2023 to 2031
Sustainability Trend and High Hurdle on Safety Regulation are the key future trend of the Construction Scaffolding Rental Market
The major factors driving the Construction Scaffolding Rental Market are: Rapid Urbanization and Infrastructure Development and Rise in Demand for Rental Solutions
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 Construction Scaffolding Rental Market - By Product
1.3.2 Construction Scaffolding Rental Market - By Application
1.3.3 Construction Scaffolding Rental Market - By End-user
1.3.4 Construction Scaffolding Rental Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CONSTRUCTION SCAFFOLDING RENTAL 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. CONSTRUCTION SCAFFOLDING RENTAL 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 SCAFFOLDING RENTAL MARKET - GLOBAL MARKET ANALYSIS
6.1. CONSTRUCTION SCAFFOLDING RENTAL - GLOBAL MARKET OVERVIEW
6.2. CONSTRUCTION SCAFFOLDING RENTAL - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. CONSTRUCTION SCAFFOLDING RENTAL MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. SUPPORTED SCAFFOLDING
7.3.1. Overview
7.3.2. Supported Scaffolding Market Forecast and Analysis
7.4. SUSPENDED SCAFFOLDING
7.4.1. Overview
7.4.2. Suspended Scaffolding Market Forecast and Analysis
7.5. MOBILE SCAFFOLDING
7.5.1. Overview
7.5.2. Mobile Scaffolding Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. CONSTRUCTION SCAFFOLDING RENTAL MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. NEW CONSTRUCTION
8.3.1. Overview
8.3.2. New Construction Market Forecast and Analysis
8.4. REFURBISHMENT
8.4.1. Overview
8.4.2. Refurbishment Market Forecast and Analysis
8.5. DEMOLITION
8.5.1. Overview
8.5.2. Demolition Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. CONSTRUCTION SCAFFOLDING RENTAL MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
9.1. OVERVIEW
9.2. END-USER MARKET FORECASTS AND ANALYSIS
9.3. RESIDENTIAL
9.3.1. Overview
9.3.2. Residential Market Forecast and Analysis
9.4. NON-RESIDENTIAL
9.4.1. Overview
9.4.2. Non-Residential Market Forecast and Analysis
10. CONSTRUCTION SCAFFOLDING RENTAL MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Construction Scaffolding Rental Market Overview
10.1.2 North America Construction Scaffolding Rental Market Forecasts and Analysis
10.1.3 North America Construction Scaffolding Rental Market Forecasts and Analysis - By Product
10.1.4 North America Construction Scaffolding Rental Market Forecasts and Analysis - By Application
10.1.5 North America Construction Scaffolding Rental Market Forecasts and Analysis - By End-user
10.1.6 North America Construction Scaffolding Rental Market Forecasts and Analysis - By Countries
10.1.6.1 United States Construction Scaffolding Rental Market
10.1.6.1.1 United States Construction Scaffolding Rental Market by Product
10.1.6.1.2 United States Construction Scaffolding Rental Market by Application
10.1.6.1.3 United States Construction Scaffolding Rental Market by End-user
10.1.6.2 Canada Construction Scaffolding Rental Market
10.1.6.2.1 Canada Construction Scaffolding Rental Market by Product
10.1.6.2.2 Canada Construction Scaffolding Rental Market by Application
10.1.6.2.3 Canada Construction Scaffolding Rental Market by End-user
10.1.6.3 Mexico Construction Scaffolding Rental Market
10.1.6.3.1 Mexico Construction Scaffolding Rental Market by Product
10.1.6.3.2 Mexico Construction Scaffolding Rental Market by Application
10.1.6.3.3 Mexico Construction Scaffolding Rental Market by End-user
10.2. EUROPE
10.2.1 Europe Construction Scaffolding Rental Market Overview
10.2.2 Europe Construction Scaffolding Rental Market Forecasts and Analysis
10.2.3 Europe Construction Scaffolding Rental Market Forecasts and Analysis - By Product
10.2.4 Europe Construction Scaffolding Rental Market Forecasts and Analysis - By Application
10.2.5 Europe Construction Scaffolding Rental Market Forecasts and Analysis - By End-user
10.2.6 Europe Construction Scaffolding Rental Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Construction Scaffolding Rental Market
10.2.6.1.1 Germany Construction Scaffolding Rental Market by Product
10.2.6.1.2 Germany Construction Scaffolding Rental Market by Application
10.2.6.1.3 Germany Construction Scaffolding Rental Market by End-user
10.2.6.2 France Construction Scaffolding Rental Market
10.2.6.2.1 France Construction Scaffolding Rental Market by Product
10.2.6.2.2 France Construction Scaffolding Rental Market by Application
10.2.6.2.3 France Construction Scaffolding Rental Market by End-user
10.2.6.3 Italy Construction Scaffolding Rental Market
10.2.6.3.1 Italy Construction Scaffolding Rental Market by Product
10.2.6.3.2 Italy Construction Scaffolding Rental Market by Application
10.2.6.3.3 Italy Construction Scaffolding Rental Market by End-user
10.2.6.4 United Kingdom Construction Scaffolding Rental Market
10.2.6.4.1 United Kingdom Construction Scaffolding Rental Market by Product
10.2.6.4.2 United Kingdom Construction Scaffolding Rental Market by Application
10.2.6.4.3 United Kingdom Construction Scaffolding Rental Market by End-user
10.2.6.5 Russia Construction Scaffolding Rental Market
10.2.6.5.1 Russia Construction Scaffolding Rental Market by Product
10.2.6.5.2 Russia Construction Scaffolding Rental Market by Application
10.2.6.5.3 Russia Construction Scaffolding Rental Market by End-user
10.2.6.6 Rest of Europe Construction Scaffolding Rental Market
10.2.6.6.1 Rest of Europe Construction Scaffolding Rental Market by Product
10.2.6.6.2 Rest of Europe Construction Scaffolding Rental Market by Application
10.2.6.6.3 Rest of Europe Construction Scaffolding Rental Market by End-user
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Construction Scaffolding Rental Market Overview
10.3.2 Asia-Pacific Construction Scaffolding Rental Market Forecasts and Analysis
10.3.3 Asia-Pacific Construction Scaffolding Rental Market Forecasts and Analysis - By Product
10.3.4 Asia-Pacific Construction Scaffolding Rental Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Construction Scaffolding Rental Market Forecasts and Analysis - By End-user
10.3.6 Asia-Pacific Construction Scaffolding Rental Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Construction Scaffolding Rental Market
10.3.6.1.1 Australia Construction Scaffolding Rental Market by Product
10.3.6.1.2 Australia Construction Scaffolding Rental Market by Application
10.3.6.1.3 Australia Construction Scaffolding Rental Market by End-user
10.3.6.2 China Construction Scaffolding Rental Market
10.3.6.2.1 China Construction Scaffolding Rental Market by Product
10.3.6.2.2 China Construction Scaffolding Rental Market by Application
10.3.6.2.3 China Construction Scaffolding Rental Market by End-user
10.3.6.3 India Construction Scaffolding Rental Market
10.3.6.3.1 India Construction Scaffolding Rental Market by Product
10.3.6.3.2 India Construction Scaffolding Rental Market by Application
10.3.6.3.3 India Construction Scaffolding Rental Market by End-user
10.3.6.4 Japan Construction Scaffolding Rental Market
10.3.6.4.1 Japan Construction Scaffolding Rental Market by Product
10.3.6.4.2 Japan Construction Scaffolding Rental Market by Application
10.3.6.4.3 Japan Construction Scaffolding Rental Market by End-user
10.3.6.5 South Korea Construction Scaffolding Rental Market
10.3.6.5.1 South Korea Construction Scaffolding Rental Market by Product
10.3.6.5.2 South Korea Construction Scaffolding Rental Market by Application
10.3.6.5.3 South Korea Construction Scaffolding Rental Market by End-user
10.3.6.6 Rest of Asia-Pacific Construction Scaffolding Rental Market
10.3.6.6.1 Rest of Asia-Pacific Construction Scaffolding Rental Market by Product
10.3.6.6.2 Rest of Asia-Pacific Construction Scaffolding Rental Market by Application
10.3.6.6.3 Rest of Asia-Pacific Construction Scaffolding Rental Market by End-user
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Construction Scaffolding Rental Market Overview
10.4.2 Middle East and Africa Construction Scaffolding Rental Market Forecasts and Analysis
10.4.3 Middle East and Africa Construction Scaffolding Rental Market Forecasts and Analysis - By Product
10.4.4 Middle East and Africa Construction Scaffolding Rental Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Construction Scaffolding Rental Market Forecasts and Analysis - By End-user
10.4.6 Middle East and Africa Construction Scaffolding Rental Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Construction Scaffolding Rental Market
10.4.6.1.1 South Africa Construction Scaffolding Rental Market by Product
10.4.6.1.2 South Africa Construction Scaffolding Rental Market by Application
10.4.6.1.3 South Africa Construction Scaffolding Rental Market by End-user
10.4.6.2 Saudi Arabia Construction Scaffolding Rental Market
10.4.6.2.1 Saudi Arabia Construction Scaffolding Rental Market by Product
10.4.6.2.2 Saudi Arabia Construction Scaffolding Rental Market by Application
10.4.6.2.3 Saudi Arabia Construction Scaffolding Rental Market by End-user
10.4.6.3 U.A.E Construction Scaffolding Rental Market
10.4.6.3.1 U.A.E Construction Scaffolding Rental Market by Product
10.4.6.3.2 U.A.E Construction Scaffolding Rental Market by Application
10.4.6.3.3 U.A.E Construction Scaffolding Rental Market by End-user
10.4.6.4 Rest of Middle East and Africa Construction Scaffolding Rental Market
10.4.6.4.1 Rest of Middle East and Africa Construction Scaffolding Rental Market by Product
10.4.6.4.2 Rest of Middle East and Africa Construction Scaffolding Rental Market by Application
10.4.6.4.3 Rest of Middle East and Africa Construction Scaffolding Rental Market by End-user
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Construction Scaffolding Rental Market Overview
10.5.2 South and Central America Construction Scaffolding Rental Market Forecasts and Analysis
10.5.3 South and Central America Construction Scaffolding Rental Market Forecasts and Analysis - By Product
10.5.4 South and Central America Construction Scaffolding Rental Market Forecasts and Analysis - By Application
10.5.5 South and Central America Construction Scaffolding Rental Market Forecasts and Analysis - By End-user
10.5.6 South and Central America Construction Scaffolding Rental Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Construction Scaffolding Rental Market
10.5.6.1.1 Brazil Construction Scaffolding Rental Market by Product
10.5.6.1.2 Brazil Construction Scaffolding Rental Market by Application
10.5.6.1.3 Brazil Construction Scaffolding Rental Market by End-user
10.5.6.2 Argentina Construction Scaffolding Rental Market
10.5.6.2.1 Argentina Construction Scaffolding Rental Market by Product
10.5.6.2.2 Argentina Construction Scaffolding Rental Market by Application
10.5.6.2.3 Argentina Construction Scaffolding Rental Market by End-user
10.5.6.3 Rest of South and Central America Construction Scaffolding Rental Market
10.5.6.3.1 Rest of South and Central America Construction Scaffolding Rental Market by Product
10.5.6.3.2 Rest of South and Central America Construction Scaffolding Rental Market by Application
10.5.6.3.3 Rest of South and Central America Construction Scaffolding Rental Market by End-user
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 SCAFFOLDING RENTAL MARKET, KEY COMPANY PROFILES
12.1. ALTRAD INVESTMENT AUTHORITY S.A.S.
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. APOLLO SCAFFOLD SERVICES LTD.
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. ASA SCAFFOLDING SERVICES 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. ASW SCAFFOLDING LTD.
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. ATLANTIC PACIFIC EQUIPMENT (AT-PAC), INC.
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. BRAND ENERGY AND INFRASTRUCTURE HOLDINGS, INC.
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. CONDOR S.P.A.
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. SUNBELT RENTALS INC.
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. ULMA C Y E, S. COOP
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. UNITED RENTALS, INC.
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
The List of Companies
1.Altrad Investment Authority S.A.S.
2.Apollo Scaffold Services Ltd.
3.ASA Scaffolding Services Ltd.
4.ASW Scaffolding Ltd.
5.Atlantic Pacific Equipment (AT-PAC), Inc.
6.Brand Energy and Infrastructure Holdings, Inc.
7.Condor S.p.a.
8.Sunbelt Rentals Inc.
9.ULMA C y E, S. Coop
10.United Rentals, Inc.
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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