The Die Casting Machines Market is expected to register a CAGR of 6.7% 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 Machine Type (Hot Chamber, Cold Chamber). The report further presents analysis based on the Material (Zinc, Aluminum, Magnesium, Others). The report further presents analysis based on the End-user (Automotive, Aerospace, Defense, Marine, Others). 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 Die Casting Machines 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.
Die Casting Machines Market Segmentation
Type- Hot Chamber
- Cold Chamber
- Zinc
- Aluminum
- Magnesium
- Others
- Automotive
- Aerospace
- Defense
- Marine
- Others
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Die Casting Machines Market Growth Drivers- Rising Demand for Lightweight Component: The increasing demand from the automotive sector for lightweight, high-strength components leads to a high demand for die casting machines. With growing pressures for better fuel efficiency and reduced emissions, the automobile sector is the biggest driver of this trend. The need for materials that are lightweight but durable in nature leads to the adoption of die casting technologies.
- Technology Development: Ongoing innovations in die casting technology-high-pressure die casting, better automation, etc-are constantly raising the bar of production efficiency and product quality. These developments lead to the increased demand for die casting and drive the market forward.
- Growing Automotive Industry and Electric Vehicle Production: The booming automotive industry and, more specifically, electric vehicle production is one of the major drivers for the die casting machines market. Die casting is a critical component in the production of automotive components, which includes engine blocks, transmission cases, and EV parts. As the world is moving towards lightweight vehicles and EVs, the need for die casting machines to produce high-precision parts will continue to grow.
- Large Scope of Expansion in Emerging Economies: The emerging economies, particularly those on the threshold of industrialization, hold huge potential for expansion. Any investment that these nations undertake to build infrastructure and manufacturing capabilities will only add on to their demand for die casting machines.
- Rising Demand in wide Industry applications: There can be a great prospect for die casting machines beyond automotive applications, and aerospace and electronics as well as consumer goods sectors will have a high penetration. The die casting process is versatile, and critical pieces and parts can be produced making it feasible for a wide variety of applications.
- Sustainability Trend: Many of the manufacturing processes, including die casting, are moving towards sustainability. Companies look for every possible way to reduce waste and consumption of energy, and that is the main reason for the growing numbers of environment-friendly die casting practices and materials at present.
- Expansion in Emerging Markets and Infrastructure Projects: The growing industrialization and urbanization in the emerging economies of Asia-Pacific, Latin America, and the Middle East provide vast opportunities for die casting machines. The mentioned regions are focusing on the investments in infrastructure, automotive, and electronics manufacturing, all of which demand advanced technologies in die casting. So, with such expansion, the need for high-quality and cost-effective die cast components will rise.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Die Casting Machines 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 Die Casting Machines 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.
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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 Die Casting Machines Market include Birch Machinery Company, Buhler, Colosio srl, Frech, GuanNan Die Casting Machine Co. Ltd, L.K. Technology Holdings Limited, TOSHIBA MACHINE CO. LTD, Toyo Machinery & Metal Co. Ltd, UBE Machinery Inc., Wuxi Xinjiasheng
The Die Casting Machines Market is estimated to witness a CAGR of 6.7% from 2023 to 2031
Sustainability Trend is the key future trend of the Die Casting Machines Market
The major factors driving the Die Casting Machines Market are: Rising Demand for Lightweight Component and Technology Development
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Die Casting Machines Market - By Machine Type
1.3.2 Die Casting Machines Market - By Material
1.3.3 Die Casting Machines Market - By End-user
1.3.4 Die Casting Machines Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. DIE CASTING MACHINES 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. DIE CASTING MACHINES 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. DIE CASTING MACHINES MARKET - GLOBAL MARKET ANALYSIS
6.1. DIE CASTING MACHINES - GLOBAL MARKET OVERVIEW
6.2. DIE CASTING MACHINES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. DIE CASTING MACHINES MARKET - REVENUE AND FORECASTS TO 2028 - MACHINE TYPE
7.1. OVERVIEW
7.2. MACHINE TYPE MARKET FORECASTS AND ANALYSIS
7.3. HOT CHAMBER
7.3.1. Overview
7.3.2. Hot Chamber Market Forecast and Analysis
7.4. COLD CHAMBER
7.4.1. Overview
7.4.2. Cold Chamber Market Forecast and Analysis
8. DIE CASTING MACHINES MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL
8.1. OVERVIEW
8.2. MATERIAL MARKET FORECASTS AND ANALYSIS
8.3. ZINC
8.3.1. Overview
8.3.2. Zinc Market Forecast and Analysis
8.4. ALUMINUM
8.4.1. Overview
8.4.2. Aluminum Market Forecast and Analysis
8.5. MAGNESIUM
8.5.1. Overview
8.5.2. Magnesium Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. DIE CASTING MACHINES MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
9.1. OVERVIEW
9.2. END-USER MARKET FORECASTS AND ANALYSIS
9.3. AUTOMOTIVE
9.3.1. Overview
9.3.2. Automotive Market Forecast and Analysis
9.4. AEROSPACE
9.4.1. Overview
9.4.2. Aerospace Market Forecast and Analysis
9.5. DEFENSE
9.5.1. Overview
9.5.2. Defense Market Forecast and Analysis
9.6. MARINE
9.6.1. Overview
9.6.2. Marine Market Forecast and Analysis
9.7. OTHERS
9.7.1. Overview
9.7.2. Others Market Forecast and Analysis
10. DIE CASTING MACHINES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Die Casting Machines Market Overview
10.1.2 North America Die Casting Machines Market Forecasts and Analysis
10.1.3 North America Die Casting Machines Market Forecasts and Analysis - By Machine Type
10.1.4 North America Die Casting Machines Market Forecasts and Analysis - By Material
10.1.5 North America Die Casting Machines Market Forecasts and Analysis - By End-user
10.1.6 North America Die Casting Machines Market Forecasts and Analysis - By Countries
10.1.6.1 Canada Die Casting Machines Market
10.1.6.1.1 Canada Die Casting Machines Market by Machine Type
10.1.6.1.2 Canada Die Casting Machines Market by Material
10.1.6.1.3 Canada Die Casting Machines Market by End-user
10.1.6.2 Mexico Die Casting Machines Market
10.1.6.2.1 Mexico Die Casting Machines Market by Machine Type
10.1.6.2.2 Mexico Die Casting Machines Market by Material
10.1.6.2.3 Mexico Die Casting Machines Market by End-user
10.1.6.3 US Die Casting Machines Market
10.1.6.3.1 US Die Casting Machines Market by Machine Type
10.1.6.3.2 US Die Casting Machines Market by Material
10.1.6.3.3 US Die Casting Machines Market by End-user
10.2. EUROPE
10.2.1 Europe Die Casting Machines Market Overview
10.2.2 Europe Die Casting Machines Market Forecasts and Analysis
10.2.3 Europe Die Casting Machines Market Forecasts and Analysis - By Machine Type
10.2.4 Europe Die Casting Machines Market Forecasts and Analysis - By Material
10.2.5 Europe Die Casting Machines Market Forecasts and Analysis - By End-user
10.2.6 Europe Die Casting Machines Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Die Casting Machines Market
10.2.6.1.1 Germany Die Casting Machines Market by Machine Type
10.2.6.1.2 Germany Die Casting Machines Market by Material
10.2.6.1.3 Germany Die Casting Machines Market by End-user
10.2.6.2 France Die Casting Machines Market
10.2.6.2.1 France Die Casting Machines Market by Machine Type
10.2.6.2.2 France Die Casting Machines Market by Material
10.2.6.2.3 France Die Casting Machines Market by End-user
10.2.6.3 Italy Die Casting Machines Market
10.2.6.3.1 Italy Die Casting Machines Market by Machine Type
10.2.6.3.2 Italy Die Casting Machines Market by Material
10.2.6.3.3 Italy Die Casting Machines Market by End-user
10.2.6.4 United Kingdom Die Casting Machines Market
10.2.6.4.1 United Kingdom Die Casting Machines Market by Machine Type
10.2.6.4.2 United Kingdom Die Casting Machines Market by Material
10.2.6.4.3 United Kingdom Die Casting Machines Market by End-user
10.2.6.5 Russia Die Casting Machines Market
10.2.6.5.1 Russia Die Casting Machines Market by Machine Type
10.2.6.5.2 Russia Die Casting Machines Market by Material
10.2.6.5.3 Russia Die Casting Machines Market by End-user
10.2.6.6 Rest of Europe Die Casting Machines Market
10.2.6.6.1 Rest of Europe Die Casting Machines Market by Machine Type
10.2.6.6.2 Rest of Europe Die Casting Machines Market by Material
10.2.6.6.3 Rest of Europe Die Casting Machines Market by End-user
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Die Casting Machines Market Overview
10.3.2 Asia-Pacific Die Casting Machines Market Forecasts and Analysis
10.3.3 Asia-Pacific Die Casting Machines Market Forecasts and Analysis - By Machine Type
10.3.4 Asia-Pacific Die Casting Machines Market Forecasts and Analysis - By Material
10.3.5 Asia-Pacific Die Casting Machines Market Forecasts and Analysis - By End-user
10.3.6 Asia-Pacific Die Casting Machines Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Die Casting Machines Market
10.3.6.1.1 Australia Die Casting Machines Market by Machine Type
10.3.6.1.2 Australia Die Casting Machines Market by Material
10.3.6.1.3 Australia Die Casting Machines Market by End-user
10.3.6.2 China Die Casting Machines Market
10.3.6.2.1 China Die Casting Machines Market by Machine Type
10.3.6.2.2 China Die Casting Machines Market by Material
10.3.6.2.3 China Die Casting Machines Market by End-user
10.3.6.3 India Die Casting Machines Market
10.3.6.3.1 India Die Casting Machines Market by Machine Type
10.3.6.3.2 India Die Casting Machines Market by Material
10.3.6.3.3 India Die Casting Machines Market by End-user
10.3.6.4 Japan Die Casting Machines Market
10.3.6.4.1 Japan Die Casting Machines Market by Machine Type
10.3.6.4.2 Japan Die Casting Machines Market by Material
10.3.6.4.3 Japan Die Casting Machines Market by End-user
10.3.6.5 South Korea Die Casting Machines Market
10.3.6.5.1 South Korea Die Casting Machines Market by Machine Type
10.3.6.5.2 South Korea Die Casting Machines Market by Material
10.3.6.5.3 South Korea Die Casting Machines Market by End-user
10.3.6.6 Rest of Asia-Pacific Die Casting Machines Market
10.3.6.6.1 Rest of Asia-Pacific Die Casting Machines Market by Machine Type
10.3.6.6.2 Rest of Asia-Pacific Die Casting Machines Market by Material
10.3.6.6.3 Rest of Asia-Pacific Die Casting Machines Market by End-user
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Die Casting Machines Market Overview
10.4.2 Middle East and Africa Die Casting Machines Market Forecasts and Analysis
10.4.3 Middle East and Africa Die Casting Machines Market Forecasts and Analysis - By Machine Type
10.4.4 Middle East and Africa Die Casting Machines Market Forecasts and Analysis - By Material
10.4.5 Middle East and Africa Die Casting Machines Market Forecasts and Analysis - By End-user
10.4.6 Middle East and Africa Die Casting Machines Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Die Casting Machines Market
10.4.6.1.1 South Africa Die Casting Machines Market by Machine Type
10.4.6.1.2 South Africa Die Casting Machines Market by Material
10.4.6.1.3 South Africa Die Casting Machines Market by End-user
10.4.6.2 Saudi Arabia Die Casting Machines Market
10.4.6.2.1 Saudi Arabia Die Casting Machines Market by Machine Type
10.4.6.2.2 Saudi Arabia Die Casting Machines Market by Material
10.4.6.2.3 Saudi Arabia Die Casting Machines Market by End-user
10.4.6.3 U.A.E Die Casting Machines Market
10.4.6.3.1 U.A.E Die Casting Machines Market by Machine Type
10.4.6.3.2 U.A.E Die Casting Machines Market by Material
10.4.6.3.3 U.A.E Die Casting Machines Market by End-user
10.4.6.4 Rest of Middle East and Africa Die Casting Machines Market
10.4.6.4.1 Rest of Middle East and Africa Die Casting Machines Market by Machine Type
10.4.6.4.2 Rest of Middle East and Africa Die Casting Machines Market by Material
10.4.6.4.3 Rest of Middle East and Africa Die Casting Machines Market by End-user
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Die Casting Machines Market Overview
10.5.2 South and Central America Die Casting Machines Market Forecasts and Analysis
10.5.3 South and Central America Die Casting Machines Market Forecasts and Analysis - By Machine Type
10.5.4 South and Central America Die Casting Machines Market Forecasts and Analysis - By Material
10.5.5 South and Central America Die Casting Machines Market Forecasts and Analysis - By End-user
10.5.6 South and Central America Die Casting Machines Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Die Casting Machines Market
10.5.6.1.1 Brazil Die Casting Machines Market by Machine Type
10.5.6.1.2 Brazil Die Casting Machines Market by Material
10.5.6.1.3 Brazil Die Casting Machines Market by End-user
10.5.6.2 Argentina Die Casting Machines Market
10.5.6.2.1 Argentina Die Casting Machines Market by Machine Type
10.5.6.2.2 Argentina Die Casting Machines Market by Material
10.5.6.2.3 Argentina Die Casting Machines Market by End-user
10.5.6.3 Rest of South and Central America Die Casting Machines Market
10.5.6.3.1 Rest of South and Central America Die Casting Machines Market by Machine Type
10.5.6.3.2 Rest of South and Central America Die Casting Machines Market by Material
10.5.6.3.3 Rest of South and Central America Die Casting Machines 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. DIE CASTING MACHINES MARKET, KEY COMPANY PROFILES
12.1. BIRCH MACHINERY 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. BUHLER
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. COLOSIO SRL
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. FRECH
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. GUANNAN DIE CASTING MACHINE CO. LTD
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. L.K. TECHNOLOGY HOLDINGS LIMITED
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. TOSHIBA MACHINE CO. LTD
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. TOYO MACHINERY AND METAL CO. LTD
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. UBE MACHINERY INC.
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. WUXI XINJIASHENG
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.Birch Machinery Company
2.Buhler
3.Colosio srl
4.Frech
5.GuanNan Die Casting Machine Co. Ltd
6.L.K. Technology Holdings Limited
7.TOSHIBA MACHINE CO. LTD
8.Toyo Machinery and Metal Co. Ltd
9.UBE Machinery Inc.
10.Wuxi Xinjiasheng
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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