E-Axle Market Opportunities 2031
MARKET OVERVIEW
An E-Axle is a kind of electro-mechanical propulsion system equipped with electric motor, axle structures, transmission units and power electronics. E-Axle is a cost-effective and compact electric drive solution for many hybrid electric vehicles, battery electric vehicles and plug-in hybrid electric vehicles. Efficiency of powertrain increases with such e-axles. Owing to advancing electrical technology, demand for e-axles is anticipated to rise in near future all over the world.
MARKET SCOPE
The "Global E-Axle Market Analysis to 2031" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the e-axle market with detailed market segmentation by component, drive type, electric vehicle type, and geography. The report provides key statistics on the market status of the leading e-axle market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on component, the global e-axle market is segmented into combining motors, power electronics, transmission and others.
- On the basis of drive type, the market is segmented into forward wheel drive, rear wheel drive and all-wheel drive.
- Based on electric vehicle type, the market is bifurcated into hybrid electric vehicle, battery electric vehicle and plug-in hybrid electric vehicle.
MARKET DYNAMICS
Drivers:
- Rising demand for electric & hybrid vehicles all over the world.
- Growing awareness about the benefits of e-axles drive the market growth further.
Restraints:
- High cost involved with electric axle drive system may prove to be a restraining factor to some extent.
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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 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), the Middle East and Africa (MEA), and South America. The e-axle 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 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 e-axle market in these regions.
IMPACT OF COVID-19 ON E-AXLE MARKET
The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities. The pandemic restricted the movement of people from one place to another and affected the production of vehicles negatively. Considering this, demand for e-axles also decreased to a considerable extent.
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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 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), the Middle East and Africa (MEA), and South America. The e-axle 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 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 e-axle market in these regions.
IMPACT OF COVID-19 ON E-AXLE MARKET
The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities. The pandemic restricted the movement of people from one place to another and affected the production of vehicles negatively. Considering this, demand for e-axles also decreased to a considerable extent.
MARKET PLAYERS
The report covers key developments in the e-axle market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic 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 e-axle market are anticipated to lucrative growth opportunities in the future with the rising demand for e-axles in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the e-axle 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.
- Allison Transmission Inc.
- AVL List GmbH
- Dana Limited
- GKN Automotive Limited
- JK Fenner
- Meritor, Inc.
- Robert Bosch GmbH
- Sona Comstar
- ZF Friedrichshafen AG
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.
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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
This text is related
to country scope.
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 E-Axle Market - By Component
1.3.2 E-Axle Market - By Drive Type
1.3.3 E-Axle Market - By Electric Vehicle Type
1.3.4 E-Axle Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. E-AXLE 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. E-AXLE 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. E-AXLE MARKET - GLOBAL MARKET ANALYSIS
6.1. E-AXLE - GLOBAL MARKET OVERVIEW
6.2. E-AXLE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. E-AXLE MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. COMBINING MOTORS
7.3.1. Overview
7.3.2. Combining Motors Market Forecast and Analysis
7.4. POWER ELECTRONICS
7.4.1. Overview
7.4.2. Power Electronics Market Forecast and Analysis
7.5. TRANSMISSION
7.5.1. Overview
7.5.2. Transmission Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. E-AXLE MARKET - REVENUE AND FORECASTS TO 2028 - DRIVE TYPE
8.1. OVERVIEW
8.2. DRIVE TYPE MARKET FORECASTS AND ANALYSIS
8.3. FORWARD WHEEL DRIVE
8.3.1. Overview
8.3.2. Forward Wheel Drive Market Forecast and Analysis
8.4. REAR WHEEL DRIVE
8.4.1. Overview
8.4.2. Rear Wheel Drive Market Forecast and Analysis
8.5. ALL-WHEEL DRIVE
8.5.1. Overview
8.5.2. All-wheel Drive Market Forecast and Analysis
9. E-AXLE MARKET - REVENUE AND FORECASTS TO 2028 - ELECTRIC VEHICLE TYPE
9.1. OVERVIEW
9.2. ELECTRIC VEHICLE TYPE MARKET FORECASTS AND ANALYSIS
9.3. HYBRID ELECTRIC VEHICLE
9.3.1. Overview
9.3.2. Hybrid Electric Vehicle Market Forecast and Analysis
9.4. BATTERY ELECTRIC VEHICLE
9.4.1. Overview
9.4.2. Battery Electric Vehicle Market Forecast and Analysis
9.5. PLUG-IN HYBRID ELECTRIC VEHICLE
9.5.1. Overview
9.5.2. Plug-in Hybrid Electric Vehicle Market Forecast and Analysis
10. E-AXLE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America E-Axle Market Overview
10.1.2 North America E-Axle Market Forecasts and Analysis
10.1.3 North America E-Axle Market Forecasts and Analysis - By Component
10.1.4 North America E-Axle Market Forecasts and Analysis - By Drive Type
10.1.5 North America E-Axle Market Forecasts and Analysis - By Electric Vehicle Type
10.1.6 North America E-Axle Market Forecasts and Analysis - By Countries
10.1.6.1 United States E-Axle Market
10.1.6.1.1 United States E-Axle Market by Component
10.1.6.1.2 United States E-Axle Market by Drive Type
10.1.6.1.3 United States E-Axle Market by Electric Vehicle Type
10.1.6.2 Canada E-Axle Market
10.1.6.2.1 Canada E-Axle Market by Component
10.1.6.2.2 Canada E-Axle Market by Drive Type
10.1.6.2.3 Canada E-Axle Market by Electric Vehicle Type
10.1.6.3 Mexico E-Axle Market
10.1.6.3.1 Mexico E-Axle Market by Component
10.1.6.3.2 Mexico E-Axle Market by Drive Type
10.1.6.3.3 Mexico E-Axle Market by Electric Vehicle Type
10.2. EUROPE
10.2.1 Europe E-Axle Market Overview
10.2.2 Europe E-Axle Market Forecasts and Analysis
10.2.3 Europe E-Axle Market Forecasts and Analysis - By Component
10.2.4 Europe E-Axle Market Forecasts and Analysis - By Drive Type
10.2.5 Europe E-Axle Market Forecasts and Analysis - By Electric Vehicle Type
10.2.6 Europe E-Axle Market Forecasts and Analysis - By Countries
10.2.6.1 Germany E-Axle Market
10.2.6.1.1 Germany E-Axle Market by Component
10.2.6.1.2 Germany E-Axle Market by Drive Type
10.2.6.1.3 Germany E-Axle Market by Electric Vehicle Type
10.2.6.2 France E-Axle Market
10.2.6.2.1 France E-Axle Market by Component
10.2.6.2.2 France E-Axle Market by Drive Type
10.2.6.2.3 France E-Axle Market by Electric Vehicle Type
10.2.6.3 Italy E-Axle Market
10.2.6.3.1 Italy E-Axle Market by Component
10.2.6.3.2 Italy E-Axle Market by Drive Type
10.2.6.3.3 Italy E-Axle Market by Electric Vehicle Type
10.2.6.4 United Kingdom E-Axle Market
10.2.6.4.1 United Kingdom E-Axle Market by Component
10.2.6.4.2 United Kingdom E-Axle Market by Drive Type
10.2.6.4.3 United Kingdom E-Axle Market by Electric Vehicle Type
10.2.6.5 Russia E-Axle Market
10.2.6.5.1 Russia E-Axle Market by Component
10.2.6.5.2 Russia E-Axle Market by Drive Type
10.2.6.5.3 Russia E-Axle Market by Electric Vehicle Type
10.2.6.6 Rest of Europe E-Axle Market
10.2.6.6.1 Rest of Europe E-Axle Market by Component
10.2.6.6.2 Rest of Europe E-Axle Market by Drive Type
10.2.6.6.3 Rest of Europe E-Axle Market by Electric Vehicle Type
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific E-Axle Market Overview
10.3.2 Asia-Pacific E-Axle Market Forecasts and Analysis
10.3.3 Asia-Pacific E-Axle Market Forecasts and Analysis - By Component
10.3.4 Asia-Pacific E-Axle Market Forecasts and Analysis - By Drive Type
10.3.5 Asia-Pacific E-Axle Market Forecasts and Analysis - By Electric Vehicle Type
10.3.6 Asia-Pacific E-Axle Market Forecasts and Analysis - By Countries
10.3.6.1 Australia E-Axle Market
10.3.6.1.1 Australia E-Axle Market by Component
10.3.6.1.2 Australia E-Axle Market by Drive Type
10.3.6.1.3 Australia E-Axle Market by Electric Vehicle Type
10.3.6.2 China E-Axle Market
10.3.6.2.1 China E-Axle Market by Component
10.3.6.2.2 China E-Axle Market by Drive Type
10.3.6.2.3 China E-Axle Market by Electric Vehicle Type
10.3.6.3 India E-Axle Market
10.3.6.3.1 India E-Axle Market by Component
10.3.6.3.2 India E-Axle Market by Drive Type
10.3.6.3.3 India E-Axle Market by Electric Vehicle Type
10.3.6.4 Japan E-Axle Market
10.3.6.4.1 Japan E-Axle Market by Component
10.3.6.4.2 Japan E-Axle Market by Drive Type
10.3.6.4.3 Japan E-Axle Market by Electric Vehicle Type
10.3.6.5 South Korea E-Axle Market
10.3.6.5.1 South Korea E-Axle Market by Component
10.3.6.5.2 South Korea E-Axle Market by Drive Type
10.3.6.5.3 South Korea E-Axle Market by Electric Vehicle Type
10.3.6.6 Rest of Asia-Pacific E-Axle Market
10.3.6.6.1 Rest of Asia-Pacific E-Axle Market by Component
10.3.6.6.2 Rest of Asia-Pacific E-Axle Market by Drive Type
10.3.6.6.3 Rest of Asia-Pacific E-Axle Market by Electric Vehicle Type
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa E-Axle Market Overview
10.4.2 Middle East and Africa E-Axle Market Forecasts and Analysis
10.4.3 Middle East and Africa E-Axle Market Forecasts and Analysis - By Component
10.4.4 Middle East and Africa E-Axle Market Forecasts and Analysis - By Drive Type
10.4.5 Middle East and Africa E-Axle Market Forecasts and Analysis - By Electric Vehicle Type
10.4.6 Middle East and Africa E-Axle Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa E-Axle Market
10.4.6.1.1 South Africa E-Axle Market by Component
10.4.6.1.2 South Africa E-Axle Market by Drive Type
10.4.6.1.3 South Africa E-Axle Market by Electric Vehicle Type
10.4.6.2 Saudi Arabia E-Axle Market
10.4.6.2.1 Saudi Arabia E-Axle Market by Component
10.4.6.2.2 Saudi Arabia E-Axle Market by Drive Type
10.4.6.2.3 Saudi Arabia E-Axle Market by Electric Vehicle Type
10.4.6.3 U.A.E E-Axle Market
10.4.6.3.1 U.A.E E-Axle Market by Component
10.4.6.3.2 U.A.E E-Axle Market by Drive Type
10.4.6.3.3 U.A.E E-Axle Market by Electric Vehicle Type
10.4.6.4 Rest of Middle East and Africa E-Axle Market
10.4.6.4.1 Rest of Middle East and Africa E-Axle Market by Component
10.4.6.4.2 Rest of Middle East and Africa E-Axle Market by Drive Type
10.4.6.4.3 Rest of Middle East and Africa E-Axle Market by Electric Vehicle Type
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America E-Axle Market Overview
10.5.2 South and Central America E-Axle Market Forecasts and Analysis
10.5.3 South and Central America E-Axle Market Forecasts and Analysis - By Component
10.5.4 South and Central America E-Axle Market Forecasts and Analysis - By Drive Type
10.5.5 South and Central America E-Axle Market Forecasts and Analysis - By Electric Vehicle Type
10.5.6 South and Central America E-Axle Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil E-Axle Market
10.5.6.1.1 Brazil E-Axle Market by Component
10.5.6.1.2 Brazil E-Axle Market by Drive Type
10.5.6.1.3 Brazil E-Axle Market by Electric Vehicle Type
10.5.6.2 Argentina E-Axle Market
10.5.6.2.1 Argentina E-Axle Market by Component
10.5.6.2.2 Argentina E-Axle Market by Drive Type
10.5.6.2.3 Argentina E-Axle Market by Electric Vehicle Type
10.5.6.3 Rest of South and Central America E-Axle Market
10.5.6.3.1 Rest of South and Central America E-Axle Market by Component
10.5.6.3.2 Rest of South and Central America E-Axle Market by Drive Type
10.5.6.3.3 Rest of South and Central America E-Axle Market by Electric Vehicle Type
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. E-AXLE MARKET, KEY COMPANY PROFILES
12.1. ALLISON TRANSMISSION INC.
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. AVL LIST GMBH
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. DANA LIMITED
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. GKN AUTOMOTIVE LIMITED
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. JK FENNER
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. MERITOR, 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. NIDEC 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. ROBERT BOSCH GMBH
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. SONA COMSTAR
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. ZF FRIEDRICHSHAFEN AG
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. Allison Transmission Inc.
2. AVL List GmbH
3. Dana Limited
4. GKN Automotive Limited
5. JK Fenner
6. Meritor, Inc.
7. Nidec Corporation
8. Robert Bosch GmbH
9. Sona Comstar
10. ZF Friedrichshafen AG
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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