Construction Tape Market Scope and Size by 2031
Construction tapes are utilized in residential, commercial, and also in industrial buildings, mainly for bonding & mounting components on doors & windows, panels to frames, decorative trims, wall coverings, and protective bumper rails even to furniture & walls. These products are utilized as carpet, duct, UV resistant, double-sided, and masking tapes. The changing consumer trends towards masking tape usage in the construction industry due to its properties, including instant adhesion, improved moisture resistance, and better conformability is likely to complement the growth.
MARKET DYNAMICS
The construction tape market has witnessed significant growth owing to factors such as broader application in construction, sports and recreation, yachts builders, and others. Rapid growth in the construction industry, mainly in the Asia Pacific, along with increasing penetration of products like adhesive tapes in this industry for bonding of trims & window attachments, is anticipated to drive growth. The demand for these tapes in the U.S. is also expected to witness growth during the forecast period because of the rapid growth of the home refurbishing market. In addition to that, the demand for lightweight materials is presumed to gain impetus due to the rise in the adoption of such products for bonding & protection. Increasing production of paper, as well as bioplastic-based adhesive tape backing, is likely to gain popularity due to rising awareness regarding environmentally safe products. However, the Covid-19 pandemic has largely impacted the global construction industry, which may hamper the growth of the construction tape market. Nevertheless, with the new product development and innovative marketing strategy, market players can open up opportunities for this market.
MARKET SCOPE
The "Global Construction Tape Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the construction tape market with detailed market segmentation by product type, application, distribution channel and geography. The global construction tape market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading construction tape market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global construction tape market is segmented on the basis of product type, application, and distribution channel. On the basis of product type, the construction tape market is segmented into masking tape, duct tape, high temperature polyester tape, high temperature polyimide tape, aluminum tape, and others. The construction tape market on the basis of the application is classified into construction, sports and recreation, yachts builders, and others. Based on distribution channel, the construction tape market is segmented into direct sales and distributers/wholesalers.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global construction tape market based on various segments. It also provides market size and forecast estimates from the 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 construction tape market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the construction tape market from both demand and supply side and further evaluates market dynamics affecting 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 affecting the construction tape 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 an overview and forecast of the global construction tape market based on various segments. It also provides market size and forecast estimates from the 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 construction tape market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the construction tape market from both demand and supply side and further evaluates market dynamics affecting 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 affecting the construction tape market in these regions.
MARKET PLAYERS
The reports cover various key developments in the global construction tape market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from construction tape market are anticipated to lucrative growth opportunities in the future with the rising demand for construction tape in the global market. Below mentioned is the list of few companies engaged in the construction tape market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the construction tape market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- 3M Company
- Berry Global Inc
- Intertape Polymer Group
- MBK Tape Solutions
- Nitto Denko Corporation
- Pro Tapes & Specialties, Inc
- Saint-Gobain Performance Plastic Corporation
- Scapa Group plc
- Shurtape Technologies, LLC
- tesa SE Group
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 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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