Electric Household Appliances Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Electric Household Appliances Market covers analysis By Product Type (HVAC System, Laundry Appliance, Kitchen Appliance, Cleaning Appliances, Home Entertainment, Others); Sales Channel (Online, Offline) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPTE100001135
  • Category : Consumer Goods
  • No. of Pages : 150
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Electric Household Appliances Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

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MARKET OVERVIEW
The term "electrical appliance" refers to gadgets that use electricity to fulfil specified tasks. Refrigerators, wine coolers, washing machines, tumble dryers, vacuum cleaners, steam mops, shavers, trimmers, and water heaters are among the appliances available, as are air conditioners, air coolers, heaters, fans, rice cookers, bread makers, toasters, irons, and juicers. Furthermore, various companies all around the world make and sell such appliances, giving clients a wide variety of choices. During the projected period, the global electrical appliances market is predicted to develop at a moderate rate. This growth rate, on the other hand, will be unevenly distributed around the globe.

MARKET SCOPE
The "Global Electric household appliances Market Analysis to 2028" is a specialized and in-depth study of the electronics and semiconductor industry with a special focus on the global market trend analysis. The report aims to provide an overview of the electric household appliances market with detailed market segmentation product type, and geography. The report provides key statistics on the market status of the leading electric household appliances market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION

  • Based on product type, the global electric household appliances market is segmented air conditioners, refrigerators, cooking appliances, and cleaning appliance.

MARKET DYNAMICS
Drivers:

  • Rise in disposable incomes and growth of organized retail sector
  • Technological advancements
  • Advertising and promotions by players
  • Energy efficiency measures in North America

Restraints

  • Instability of exchange rates, inflationary pressures, and poor export performance are further straining major households with growing financial burdens.

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 market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The electric household appliances 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 marketduring 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 electric household appliances market in these regions.

IMPACT OF COVID-19 ON ELECTRIC HOUSEHOLD APPLIANCES MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. 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.

World Geography

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MARKET PLAYERS

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 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The electric household appliances 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 marketduring 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 electric household appliances market in these regions.

IMPACT OF COVID-19 ON ELECTRIC HOUSEHOLD APPLIANCES MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. 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.

MARKET PLAYERS
The report covers key developments in the electric household appliances 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 marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from electric household appliances market are anticipated to lucrative growth opportunities in the future with the rising demand for electric household appliances in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the electric household appliances 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.

  • Haier Corporation
  • Whirlpool Corporation
  • AB Electrolux
  • Gree Electric Appliances, Inc.
  • Robert Bosch GmbH
  • General Electric Company
  • Hitachi, Ltd.
  • LG Corporation
  • Panasonic Corporation
  • Samsung Electronics Co., Ltd.

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
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
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 Electric Household Appliances Market - By Product Type
1.3.2 Electric Household Appliances Market - By Sales Channel
1.3.3 Electric Household Appliances Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. ELECTRIC HOUSEHOLD APPLIANCES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS

5. ELECTRIC HOUSEHOLD APPLIANCES 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. ELECTRIC HOUSEHOLD APPLIANCES MARKET - GLOBAL MARKET ANALYSIS
6.1. ELECTRIC HOUSEHOLD APPLIANCES - GLOBAL MARKET OVERVIEW
6.2. ELECTRIC HOUSEHOLD APPLIANCES - GLOBAL MARKET AND FORECAST TO 2027
6.3. MARKET POSITIONING/MARKET SHARE

7. ELECTRIC HOUSEHOLD APPLIANCES MARKET - REVENUE AND FORECASTS TO 2027 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. HVAC SYSTEM
7.3.1. Overview
7.3.2. HVAC System Market Forecast and Analysis
7.4. LAUNDRY APPLIANCE
7.4.1. Overview
7.4.2. Laundry Appliance Market Forecast and Analysis
7.5. KITCHEN APPLIANCE
7.5.1. Overview
7.5.2. Kitchen Appliance Market Forecast and Analysis
7.6. CLEANING APPLIANCES
7.6.1. Overview
7.6.2. Cleaning Appliances Market Forecast and Analysis
7.7. HOME ENTERTAINMENT
7.7.1. Overview
7.7.2. Home Entertainment Market Forecast and Analysis
7.8. OTHERS
7.8.1. Overview
7.8.2. Others Market Forecast and Analysis

8. ELECTRIC HOUSEHOLD APPLIANCES MARKET - REVENUE AND FORECASTS TO 2027 - SALES CHANNEL
8.1. OVERVIEW
8.2. SALES CHANNEL MARKET FORECASTS AND ANALYSIS
8.3. ONLINE
8.3.1. Overview
8.3.2. Online Market Forecast and Analysis
8.4. OFFLINE
8.4.1. Overview
8.4.2. Offline Market Forecast and Analysis

9. ELECTRIC HOUSEHOLD APPLIANCES MARKET REVENUE AND FORECASTS TO 2027 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Electric Household Appliances Market Overview
9.1.2 North America Electric Household Appliances Market Forecasts and Analysis
9.1.3 North America Electric Household Appliances Market Forecasts and Analysis - By Product Type
9.1.4 North America Electric Household Appliances Market Forecasts and Analysis - By Sales Channel
9.1.5 North America Electric Household Appliances Market Forecasts and Analysis - By Countries
9.1.5.1 United States Electric Household Appliances Market
9.1.5.1.1 United States Electric Household Appliances Market by Product Type
9.1.5.1.2 United States Electric Household Appliances Market by Sales Channel
9.1.5.2 Canada Electric Household Appliances Market
9.1.5.2.1 Canada Electric Household Appliances Market by Product Type
9.1.5.2.2 Canada Electric Household Appliances Market by Sales Channel
9.1.5.3 Mexico Electric Household Appliances Market
9.1.5.3.1 Mexico Electric Household Appliances Market by Product Type
9.1.5.3.2 Mexico Electric Household Appliances Market by Sales Channel
9.2. EUROPE
9.2.1 Europe Electric Household Appliances Market Overview
9.2.2 Europe Electric Household Appliances Market Forecasts and Analysis
9.2.3 Europe Electric Household Appliances Market Forecasts and Analysis - By Product Type
9.2.4 Europe Electric Household Appliances Market Forecasts and Analysis - By Sales Channel
9.2.5 Europe Electric Household Appliances Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Electric Household Appliances Market
9.2.5.1.1 Germany Electric Household Appliances Market by Product Type
9.2.5.1.2 Germany Electric Household Appliances Market by Sales Channel
9.2.5.2 France Electric Household Appliances Market
9.2.5.2.1 France Electric Household Appliances Market by Product Type
9.2.5.2.2 France Electric Household Appliances Market by Sales Channel
9.2.5.3 Italy Electric Household Appliances Market
9.2.5.3.1 Italy Electric Household Appliances Market by Product Type
9.2.5.3.2 Italy Electric Household Appliances Market by Sales Channel
9.2.5.4 United Kingdom Electric Household Appliances Market
9.2.5.4.1 United Kingdom Electric Household Appliances Market by Product Type
9.2.5.4.2 United Kingdom Electric Household Appliances Market by Sales Channel
9.2.5.5 Russia Electric Household Appliances Market
9.2.5.5.1 Russia Electric Household Appliances Market by Product Type
9.2.5.5.2 Russia Electric Household Appliances Market by Sales Channel
9.2.5.6 Rest of Europe Electric Household Appliances Market
9.2.5.6.1 Rest of Europe Electric Household Appliances Market by Product Type
9.2.5.6.2 Rest of Europe Electric Household Appliances Market by Sales Channel
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Electric Household Appliances Market Overview
9.3.2 Asia-Pacific Electric Household Appliances Market Forecasts and Analysis
9.3.3 Asia-Pacific Electric Household Appliances Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Electric Household Appliances Market Forecasts and Analysis - By Sales Channel
9.3.5 Asia-Pacific Electric Household Appliances Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Electric Household Appliances Market
9.3.5.1.1 Australia Electric Household Appliances Market by Product Type
9.3.5.1.2 Australia Electric Household Appliances Market by Sales Channel
9.3.5.2 China Electric Household Appliances Market
9.3.5.2.1 China Electric Household Appliances Market by Product Type
9.3.5.2.2 China Electric Household Appliances Market by Sales Channel
9.3.5.3 India Electric Household Appliances Market
9.3.5.3.1 India Electric Household Appliances Market by Product Type
9.3.5.3.2 India Electric Household Appliances Market by Sales Channel
9.3.5.4 Japan Electric Household Appliances Market
9.3.5.4.1 Japan Electric Household Appliances Market by Product Type
9.3.5.4.2 Japan Electric Household Appliances Market by Sales Channel
9.3.5.5 South Korea Electric Household Appliances Market
9.3.5.5.1 South Korea Electric Household Appliances Market by Product Type
9.3.5.5.2 South Korea Electric Household Appliances Market by Sales Channel
9.3.5.6 Rest of Asia-Pacific Electric Household Appliances Market
9.3.5.6.1 Rest of Asia-Pacific Electric Household Appliances Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Electric Household Appliances Market by Sales Channel
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Electric Household Appliances Market Overview
9.4.2 Middle East and Africa Electric Household Appliances Market Forecasts and Analysis
9.4.3 Middle East and Africa Electric Household Appliances Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Electric Household Appliances Market Forecasts and Analysis - By Sales Channel
9.4.5 Middle East and Africa Electric Household Appliances Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Electric Household Appliances Market
9.4.5.1.1 South Africa Electric Household Appliances Market by Product Type
9.4.5.1.2 South Africa Electric Household Appliances Market by Sales Channel
9.4.5.2 Saudi Arabia Electric Household Appliances Market
9.4.5.2.1 Saudi Arabia Electric Household Appliances Market by Product Type
9.4.5.2.2 Saudi Arabia Electric Household Appliances Market by Sales Channel
9.4.5.3 U.A.E Electric Household Appliances Market
9.4.5.3.1 U.A.E Electric Household Appliances Market by Product Type
9.4.5.3.2 U.A.E Electric Household Appliances Market by Sales Channel
9.4.5.4 Rest of Middle East and Africa Electric Household Appliances Market
9.4.5.4.1 Rest of Middle East and Africa Electric Household Appliances Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Electric Household Appliances Market by Sales Channel
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Electric Household Appliances Market Overview
9.5.2 South and Central America Electric Household Appliances Market Forecasts and Analysis
9.5.3 South and Central America Electric Household Appliances Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Electric Household Appliances Market Forecasts and Analysis - By Sales Channel
9.5.5 South and Central America Electric Household Appliances Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Electric Household Appliances Market
9.5.5.1.1 Brazil Electric Household Appliances Market by Product Type
9.5.5.1.2 Brazil Electric Household Appliances Market by Sales Channel
9.5.5.2 Argentina Electric Household Appliances Market
9.5.5.2.1 Argentina Electric Household Appliances Market by Product Type
9.5.5.2.2 Argentina Electric Household Appliances Market by Sales Channel
9.5.5.3 Rest of South and Central America Electric Household Appliances Market
9.5.5.3.1 Rest of South and Central America Electric Household Appliances Market by Product Type
9.5.5.3.2 Rest of South and Central America Electric Household Appliances Market by Sales Channel

10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

11. ELECTRIC HOUSEHOLD APPLIANCES MARKET, KEY COMPANY PROFILES
11.1. AB ELECTROLUX
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BSH HAUSGERäTE GMBH
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. GREE ELECTRIC APPLIANCES, INC.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. HAIER GROUP
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. HITACHI APPLIANCES, INC.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. LG ELECTRONICS
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. PANASONIC CORPORATION
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SAMSUNG ELECTRONICS CO., LTD.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SONY CORPORATION
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. WHIRLPOOL CORPORATION
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments

12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS

The List of Companies

1. AB Electrolux
2. BSH Hausgeräte GmbH
3. Gree Electric Appliances, Inc.
4. Haier Group
5. Hitachi Appliances, Inc.
6. LG Electronics
7. Panasonic Corporation
8. Samsung Electronics Co., Ltd.
9. Sony Corporation
10. Whirlpool Corporation

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

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