The Construction Tape Market is expected to register a CAGR of 5% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Product Type (Masking Tape, Duct Tape, High Temperature Polyester Tape, High Temperature Polyimide Tape, Aluminum Tape, and Others). The report is also segmented by Application (Construction, Sports and Recreation, Yachts Builders, 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 Tape 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 Tape Market Segmentation
Product Type- Masking Tape
- Duct Tape
- High Temperature Polyester Tape
- High Temperature Polyimide Tape
- Aluminum Tape
- Construction
- Sports and Recreation
- Yachts Builders
Strategic Insights
Construction Tape Market Growth Drivers- Rise in Urbanization: One of the key verticals contributing to the growth of the construction tape market is the high rate of urbanization across the world. With the growth of cities and the rise of new projects, there is bound to be an increase in the consumption of construction products such as tapes. This shift is even more pronounced in emerging economies, where improving inner cities to meet the needs of an expanding population creates a need for building solutions.
- Increasing Construction Activities: The construction tape market is also witnessing an increase in activities since construction works, for instance, are on the quite high. Faster economic growth and investments in housing, commercial, and industrial solutions increase the use of different kinds of construction materials. This upsurge in construction projects opens up opportunities for tape producers to manufacture and provide more than just basic products for various needs.
- Demand for Energy Efficiency: The government’s energy efficiency initiatives are also playing a role in the construction tape mostly this is because the people are called builders. An increasing number of manufacturers are looking for medium and raw materials that assist on energy preservation and energy sustaining. There are growth and expansion among production companies in the construction framework as insulation and sealing construction tapes are in high supply allowing for creativity to serve the growing purpose in the building sector.
- Growing Demand for Sustainable Construction Tapes: A notable movement noted in the construction tape market is the increasing popularity of green and sustainable products. Since construction companies are now emphasizing on enhancing their environmental efforts, the manufacturers are coming up with tapes which are made of recyclable materials and low VOCs adhesives. This change not only helps to comply with the law, but also attracts consumers who are environmentally aware.
- Rise in Advanced Tapes Transforming: Construction tape market is changing and new high-performance tapes with advanced features are now being developed owing to the ICT advancements. High-performance tapes have enhanced properties such as very high adhesion, weather resistant coatings and special purpose extrusions. With the changes in construction methods, there heightens the need for tape solutions which are advanced as per the project requirements.
- Rise in Prefabrication: The growth of prefabricated and modular construction is also propelling the need for construction tapes. Such techniques do, however, create a need for effective tapes that can seal and bond joints to make them structurally sound as well as energy-efficient. More of these construction methods are being implemented by builders, making the need for effective construction tapes that ease assembly while maintaining robust strength critical.
- Growing Construction Tape Demand in Developing Regions: The construction tape market has major potential in developing regions as they are experiencing urbanization and infrastructure expansion at a rapid rate. There will be an upsurge in the requirement for heavy-duty construction supplies such as tapes by the manufacturers as these outer zones begin embarking towards residential and commercial projects, making it possible for the players to penetrate new markets.
- R&D Advancing Innovation in Construction Tapes: There are considerable chances for technologists and geochemists to look into and develop the technological aspects of the construction tape market. For instance, newer adhesive systems and tapes materials may enhance adhesion and weather-resistance performance. Therefore, through R and D investment, corporations will be able to design innovative products for the changing construction demands.
- Growth of Construction Tapes for Lightweight Materials: There is a market for the construction tape due to the advent of lightweight construction materials. Owing to the fact that builders are trying to minimize the overall weight of the project for efficiency reasons, the market for light weight bonding and protective products will witness a growth. Such changes induce the manufacturers to introduce such tapes which are meant for such lighter applications.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Construction Tape 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 Tape 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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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
Based on geography, Asia Pacific is expected to register the fastest CAGR from 2023 to 2031.
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
Increased usage of lightweight construction materials is one of the key opportunities for the market growth.
3M Company, Berry Global Inc, Intertape Polymer Group, MBK Tape Solutions, Nitto Denko Corporation, Pro Tapes and Specialties Inc, Saint-Gobain Performance Plastic Corporation, Scapa Group plc, Shurtape Technologies LLC, and tesa SE Group are among the leading players operating in the construction tape market.
Rapid urbanization and growth of construction activities are driving the market growth
The Construction Tape Market is estimated to witness a CAGR of 5% 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 Tape Market - By Product Type
1.3.2 Construction Tape Market - By Application
1.3.3 Construction Tape Market - By Distribution Channel
1.3.4 Construction Tape Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CONSTRUCTION TAPE 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 TAPE 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. CONSTRUCTION TAPE MARKET - GLOBAL MARKET ANALYSIS
6.1. CONSTRUCTION TAPE - GLOBAL MARKET OVERVIEW
6.2. CONSTRUCTION TAPE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. CONSTRUCTION TAPE MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. MASKING TAPE
7.3.1. Overview
7.3.2. Masking Tape Market Forecast and Analysis
7.4. DUCT TAPE
7.4.1. Overview
7.4.2. Duct Tape Market Forecast and Analysis
7.5. HIGH TEMPERATURE POLYESTER TAPE
7.5.1. Overview
7.5.2. High Temperature Polyester Tape Market Forecast and Analysis
7.6. HIGH TEMPERATURE POLYIMIDE TAPE
7.6.1. Overview
7.6.2. High Temperature Polyimide Tape Market Forecast and Analysis
7.7. ALUMINUM TAPE
7.7.1. Overview
7.7.2. Aluminum Tape Market Forecast and Analysis
7.8. OTHERS
7.8.1. Overview
7.8.2. Others Market Forecast and Analysis
8. CONSTRUCTION TAPE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. CONSTRUCTION
8.3.1. Overview
8.3.2. Construction Market Forecast and Analysis
8.4. SPORTS AND RECREATION
8.4.1. Overview
8.4.2. Sports and Recreation Market Forecast and Analysis
8.5. YACHTS BUILDERS
8.5.1. Overview
8.5.2. Yachts Builders Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. CONSTRUCTION TAPE MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
9.1. OVERVIEW
9.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
9.3. DIRECT SALES
9.3.1. Overview
9.3.2. Direct Sales Market Forecast and Analysis
9.4. DISTRIBUTERS/WHOLESALERS
9.4.1. Overview
9.4.2. Distributers/Wholesalers Market Forecast and Analysis
10. CONSTRUCTION TAPE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Construction Tape Market Overview
10.1.2 North America Construction Tape Market Forecasts and Analysis
10.1.3 North America Construction Tape Market Forecasts and Analysis - By Product Type
10.1.4 North America Construction Tape Market Forecasts and Analysis - By Application
10.1.5 North America Construction Tape Market Forecasts and Analysis - By Distribution Channel
10.1.6 North America Construction Tape Market Forecasts and Analysis - By Countries
10.1.6.1 United States Construction Tape Market
10.1.6.1.1 United States Construction Tape Market by Product Type
10.1.6.1.2 United States Construction Tape Market by Application
10.1.6.1.3 United States Construction Tape Market by Distribution Channel
10.1.6.2 Canada Construction Tape Market
10.1.6.2.1 Canada Construction Tape Market by Product Type
10.1.6.2.2 Canada Construction Tape Market by Application
10.1.6.2.3 Canada Construction Tape Market by Distribution Channel
10.1.6.3 Mexico Construction Tape Market
10.1.6.3.1 Mexico Construction Tape Market by Product Type
10.1.6.3.2 Mexico Construction Tape Market by Application
10.1.6.3.3 Mexico Construction Tape Market by Distribution Channel
10.2. EUROPE
10.2.1 Europe Construction Tape Market Overview
10.2.2 Europe Construction Tape Market Forecasts and Analysis
10.2.3 Europe Construction Tape Market Forecasts and Analysis - By Product Type
10.2.4 Europe Construction Tape Market Forecasts and Analysis - By Application
10.2.5 Europe Construction Tape Market Forecasts and Analysis - By Distribution Channel
10.2.6 Europe Construction Tape Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Construction Tape Market
10.2.6.1.1 Germany Construction Tape Market by Product Type
10.2.6.1.2 Germany Construction Tape Market by Application
10.2.6.1.3 Germany Construction Tape Market by Distribution Channel
10.2.6.2 France Construction Tape Market
10.2.6.2.1 France Construction Tape Market by Product Type
10.2.6.2.2 France Construction Tape Market by Application
10.2.6.2.3 France Construction Tape Market by Distribution Channel
10.2.6.3 Italy Construction Tape Market
10.2.6.3.1 Italy Construction Tape Market by Product Type
10.2.6.3.2 Italy Construction Tape Market by Application
10.2.6.3.3 Italy Construction Tape Market by Distribution Channel
10.2.6.4 United Kingdom Construction Tape Market
10.2.6.4.1 United Kingdom Construction Tape Market by Product Type
10.2.6.4.2 United Kingdom Construction Tape Market by Application
10.2.6.4.3 United Kingdom Construction Tape Market by Distribution Channel
10.2.6.5 Russia Construction Tape Market
10.2.6.5.1 Russia Construction Tape Market by Product Type
10.2.6.5.2 Russia Construction Tape Market by Application
10.2.6.5.3 Russia Construction Tape Market by Distribution Channel
10.2.6.6 Rest of Europe Construction Tape Market
10.2.6.6.1 Rest of Europe Construction Tape Market by Product Type
10.2.6.6.2 Rest of Europe Construction Tape Market by Application
10.2.6.6.3 Rest of Europe Construction Tape Market by Distribution Channel
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Construction Tape Market Overview
10.3.2 Asia-Pacific Construction Tape Market Forecasts and Analysis
10.3.3 Asia-Pacific Construction Tape Market Forecasts and Analysis - By Product Type
10.3.4 Asia-Pacific Construction Tape Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Construction Tape Market Forecasts and Analysis - By Distribution Channel
10.3.6 Asia-Pacific Construction Tape Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Construction Tape Market
10.3.6.1.1 Australia Construction Tape Market by Product Type
10.3.6.1.2 Australia Construction Tape Market by Application
10.3.6.1.3 Australia Construction Tape Market by Distribution Channel
10.3.6.2 China Construction Tape Market
10.3.6.2.1 China Construction Tape Market by Product Type
10.3.6.2.2 China Construction Tape Market by Application
10.3.6.2.3 China Construction Tape Market by Distribution Channel
10.3.6.3 India Construction Tape Market
10.3.6.3.1 India Construction Tape Market by Product Type
10.3.6.3.2 India Construction Tape Market by Application
10.3.6.3.3 India Construction Tape Market by Distribution Channel
10.3.6.4 Japan Construction Tape Market
10.3.6.4.1 Japan Construction Tape Market by Product Type
10.3.6.4.2 Japan Construction Tape Market by Application
10.3.6.4.3 Japan Construction Tape Market by Distribution Channel
10.3.6.5 South Korea Construction Tape Market
10.3.6.5.1 South Korea Construction Tape Market by Product Type
10.3.6.5.2 South Korea Construction Tape Market by Application
10.3.6.5.3 South Korea Construction Tape Market by Distribution Channel
10.3.6.6 Rest of Asia-Pacific Construction Tape Market
10.3.6.6.1 Rest of Asia-Pacific Construction Tape Market by Product Type
10.3.6.6.2 Rest of Asia-Pacific Construction Tape Market by Application
10.3.6.6.3 Rest of Asia-Pacific Construction Tape Market by Distribution Channel
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Construction Tape Market Overview
10.4.2 Middle East and Africa Construction Tape Market Forecasts and Analysis
10.4.3 Middle East and Africa Construction Tape Market Forecasts and Analysis - By Product Type
10.4.4 Middle East and Africa Construction Tape Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Construction Tape Market Forecasts and Analysis - By Distribution Channel
10.4.6 Middle East and Africa Construction Tape Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Construction Tape Market
10.4.6.1.1 South Africa Construction Tape Market by Product Type
10.4.6.1.2 South Africa Construction Tape Market by Application
10.4.6.1.3 South Africa Construction Tape Market by Distribution Channel
10.4.6.2 Saudi Arabia Construction Tape Market
10.4.6.2.1 Saudi Arabia Construction Tape Market by Product Type
10.4.6.2.2 Saudi Arabia Construction Tape Market by Application
10.4.6.2.3 Saudi Arabia Construction Tape Market by Distribution Channel
10.4.6.3 U.A.E Construction Tape Market
10.4.6.3.1 U.A.E Construction Tape Market by Product Type
10.4.6.3.2 U.A.E Construction Tape Market by Application
10.4.6.3.3 U.A.E Construction Tape Market by Distribution Channel
10.4.6.4 Rest of Middle East and Africa Construction Tape Market
10.4.6.4.1 Rest of Middle East and Africa Construction Tape Market by Product Type
10.4.6.4.2 Rest of Middle East and Africa Construction Tape Market by Application
10.4.6.4.3 Rest of Middle East and Africa Construction Tape Market by Distribution Channel
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Construction Tape Market Overview
10.5.2 South and Central America Construction Tape Market Forecasts and Analysis
10.5.3 South and Central America Construction Tape Market Forecasts and Analysis - By Product Type
10.5.4 South and Central America Construction Tape Market Forecasts and Analysis - By Application
10.5.5 South and Central America Construction Tape Market Forecasts and Analysis - By Distribution Channel
10.5.6 South and Central America Construction Tape Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Construction Tape Market
10.5.6.1.1 Brazil Construction Tape Market by Product Type
10.5.6.1.2 Brazil Construction Tape Market by Application
10.5.6.1.3 Brazil Construction Tape Market by Distribution Channel
10.5.6.2 Argentina Construction Tape Market
10.5.6.2.1 Argentina Construction Tape Market by Product Type
10.5.6.2.2 Argentina Construction Tape Market by Application
10.5.6.2.3 Argentina Construction Tape Market by Distribution Channel
10.5.6.3 Rest of South and Central America Construction Tape Market
10.5.6.3.1 Rest of South and Central America Construction Tape Market by Product Type
10.5.6.3.2 Rest of South and Central America Construction Tape Market by Application
10.5.6.3.3 Rest of South and Central America Construction Tape Market by Distribution Channel
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 TAPE MARKET, KEY COMPANY PROFILES
12.1. 3M COMPANY
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. BERRY GLOBAL INC
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. INTERTAPE POLYMER GROUP
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. MBK TAPE SOLUTIONS
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. NITTO DENKO CORPORATION
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. PRO TAPES AND SPECIALTIES, 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. SAINT-GOBAIN PERFORMANCE PLASTIC CORPORATION
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. SCAPA GROUP PLC
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. SHURTAPE TECHNOLOGIES, LLC
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. TESA SE GROUP
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. 3M Company
2. Berry Global Inc
3. Intertape Polymer Group
4. MBK Tape Solutions
5. Nitto Denko Corporation
6. Pro Tapes and Specialties, Inc
7. Saint-Gobain Performance Plastic Corporation
8. Scapa Group plc
9. Shurtape Technologies, LLC
10. tesa SE Group
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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