The Electric Screwdriver Market is expected to register a CAGR of 1.3% 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 Electric Screwdriver Type (Cordless, Cord); Type (AC Electric Screwdriver, DC Electric Screwdriver); Application (Residential, Commercial, Industrial) . 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 Electric Screwdriver 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.
Electric Screwdriver Market Segmentation
Electric Screwdriver Type- Cordless
- Cord
- AC Electric Screwdriver
- DC Electric Screwdriver
- Residential
- Commercial
- Industrial
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South and Central America
Strategic Insights
Electric Screwdriver Market Growth Drivers- Enterprise Performance Optimization Imperative: Growing complexity of business applications and massive data processing requirements are driving rapid adoption of in-memory computing solutions. Organizations seek technological platforms that can dramatically accelerate data processing speeds, reduce computational latency, and enable real-time analytics across complex business ecosystems. This driver emerges from the critical need to transform traditional data management approaches into more agile, high-performance computing infrastructures.
- Digital Transformation and Computational Efficiency:Accelerating digital transformation initiatives are compelling businesses to invest in advanced computing technologies that deliver unprecedented computational efficiency. In-memory computing solutions offer organizations the ability to process massive datasets instantaneously, support complex computational models, and enable more intelligent, responsive decision-making architectures across diverse technological environments.
- Technological Advancements : The shift toward lithium-ion (Li-ion) and other advanced battery technologies has made electric screwdrivers more powerful, longer-lasting, and lighter. Longer battery life, faster charging, and enhanced performance have made these tools more reliable for both professional and household use.
- Increased Integration of Lithium-Ion Batteries: A major trend in the electric screwdriver market is the shift toward lithium-ion (Li-ion) batteries, replacing traditional nickel-cadmium (Ni-Cd) batteries. Lithium-ion batteries are lighter, have a longer lifespan, and provide more power, making them ideal for modern electric screwdrivers. This trend is particularly prominent in cordless electric screwdrivers, where longer battery life and shorter charging times are highly valued by both professionals and DIY enthusiasts. As the technology around lithium-ion batteries continues to improve, it is expected to become the standard power source for electric screwdrivers, boosting their performance and convenience.
- Increased Adoption in the Automotive Industry: The automotive industry is one of the largest consumers of electric screwdrivers, as they are crucial in the assembly of vehicles, from body parts to internal components. Electric screwdrivers are used for tasks like fastening engine parts, installing trim and upholstery, and assembling structural components.
- Expanding Market in Emerging Economies: The increasing industrialization and urbanization in emerging economies, such as India, China, and Brazil, present significant opportunities for the electric screwdriver market. With the rapid growth of construction, manufacturing, and DIY retail sectors in these regions, the demand for electric screwdrivers is expected to rise. As disposable incomes increase, more consumers are likely to invest in power tools for both professional use and personal projects. Additionally, the expansion of e-commerce platforms is making it easier for consumers in these regions to access a wide range of electric screwdrivers, providing an opportunity for global manufacturers to tap into these growing markets.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Electric Screwdriver 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 Electric Screwdriver Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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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 shift toward lithium-ion (Li-ion) and other advanced battery technologies is anticipated to play a significant role in the global Electric Screwdriver market in the coming years.
The major factors driving the Electric Screwdriver market are Growing DIY Culture and Home Improvement Trends and Demand for Increased Efficiency and Productivity in Industrial Applications.
The Electric Screwdriver market is estimated to witness a CAGR of 1.3% from 2024 to 2031.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Electric Screwdriver Market - By Electric Screwdriver Type
1.3.2 Electric Screwdriver Market - By Type
1.3.3 Electric Screwdriver Market - By Application
1.3.4 Electric Screwdriver Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ELECTRIC SCREWDRIVER 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 SCREWDRIVER 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 SCREWDRIVER MARKET - GLOBAL MARKET ANALYSIS
6.1. ELECTRIC SCREWDRIVER - GLOBAL MARKET OVERVIEW
6.2. ELECTRIC SCREWDRIVER - GLOBAL MARKET AND FORECAST TO 2027
6.3. MARKET POSITIONING/MARKET SHARE
7. ELECTRIC SCREWDRIVER MARKET - REVENUE AND FORECASTS TO 2027 - ELECTRIC SCREWDRIVER TYPE
7.1. OVERVIEW
7.2. ELECTRIC SCREWDRIVER TYPE MARKET FORECASTS AND ANALYSIS
7.3. CORDLESS
7.3.1. Overview
7.3.2. Cordless Market Forecast and Analysis
7.4. CORD
7.4.1. Overview
7.4.2. Cord Market Forecast and Analysis
8. ELECTRIC SCREWDRIVER MARKET - REVENUE AND FORECASTS TO 2027 - TYPE
8.1. OVERVIEW
8.2. TYPE MARKET FORECASTS AND ANALYSIS
8.3. AC ELECTRIC SCREWDRIVER
8.3.1. Overview
8.3.2. AC Electric Screwdriver Market Forecast and Analysis
8.4. DC ELECTRIC SCREWDRIVER
8.4.1. Overview
8.4.2. DC Electric Screwdriver Market Forecast and Analysis
9. ELECTRIC SCREWDRIVER MARKET - REVENUE AND FORECASTS TO 2027 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. RESIDENTIAL
9.3.1. Overview
9.3.2. Residential Market Forecast and Analysis
9.4. COMMERCIAL
9.4.1. Overview
9.4.2. Commercial Market Forecast and Analysis
9.5. INDUSTRIAL
9.5.1. Overview
9.5.2. Industrial Market Forecast and Analysis
10. ELECTRIC SCREWDRIVER MARKET REVENUE AND FORECASTS TO 2027 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Electric Screwdriver Market Overview
10.1.2 North America Electric Screwdriver Market Forecasts and Analysis
10.1.3 North America Electric Screwdriver Market Forecasts and Analysis - By Electric Screwdriver Type
10.1.4 North America Electric Screwdriver Market Forecasts and Analysis - By Type
10.1.5 North America Electric Screwdriver Market Forecasts and Analysis - By Application
10.1.6 North America Electric Screwdriver Market Forecasts and Analysis - By Countries
10.1.6.1 United States Electric Screwdriver Market
10.1.6.1.1 United States Electric Screwdriver Market by Electric Screwdriver Type
10.1.6.1.2 United States Electric Screwdriver Market by Type
10.1.6.1.3 United States Electric Screwdriver Market by Application
10.1.6.2 Canada Electric Screwdriver Market
10.1.6.2.1 Canada Electric Screwdriver Market by Electric Screwdriver Type
10.1.6.2.2 Canada Electric Screwdriver Market by Type
10.1.6.2.3 Canada Electric Screwdriver Market by Application
10.1.6.3 Mexico Electric Screwdriver Market
10.1.6.3.1 Mexico Electric Screwdriver Market by Electric Screwdriver Type
10.1.6.3.2 Mexico Electric Screwdriver Market by Type
10.1.6.3.3 Mexico Electric Screwdriver Market by Application
10.2. EUROPE
10.2.1 Europe Electric Screwdriver Market Overview
10.2.2 Europe Electric Screwdriver Market Forecasts and Analysis
10.2.3 Europe Electric Screwdriver Market Forecasts and Analysis - By Electric Screwdriver Type
10.2.4 Europe Electric Screwdriver Market Forecasts and Analysis - By Type
10.2.5 Europe Electric Screwdriver Market Forecasts and Analysis - By Application
10.2.6 Europe Electric Screwdriver Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Electric Screwdriver Market
10.2.6.1.1 Germany Electric Screwdriver Market by Electric Screwdriver Type
10.2.6.1.2 Germany Electric Screwdriver Market by Type
10.2.6.1.3 Germany Electric Screwdriver Market by Application
10.2.6.2 France Electric Screwdriver Market
10.2.6.2.1 France Electric Screwdriver Market by Electric Screwdriver Type
10.2.6.2.2 France Electric Screwdriver Market by Type
10.2.6.2.3 France Electric Screwdriver Market by Application
10.2.6.3 Italy Electric Screwdriver Market
10.2.6.3.1 Italy Electric Screwdriver Market by Electric Screwdriver Type
10.2.6.3.2 Italy Electric Screwdriver Market by Type
10.2.6.3.3 Italy Electric Screwdriver Market by Application
10.2.6.4 United Kingdom Electric Screwdriver Market
10.2.6.4.1 United Kingdom Electric Screwdriver Market by Electric Screwdriver Type
10.2.6.4.2 United Kingdom Electric Screwdriver Market by Type
10.2.6.4.3 United Kingdom Electric Screwdriver Market by Application
10.2.6.5 Russia Electric Screwdriver Market
10.2.6.5.1 Russia Electric Screwdriver Market by Electric Screwdriver Type
10.2.6.5.2 Russia Electric Screwdriver Market by Type
10.2.6.5.3 Russia Electric Screwdriver Market by Application
10.2.6.6 Rest of Europe Electric Screwdriver Market
10.2.6.6.1 Rest of Europe Electric Screwdriver Market by Electric Screwdriver Type
10.2.6.6.2 Rest of Europe Electric Screwdriver Market by Type
10.2.6.6.3 Rest of Europe Electric Screwdriver Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Electric Screwdriver Market Overview
10.3.2 Asia-Pacific Electric Screwdriver Market Forecasts and Analysis
10.3.3 Asia-Pacific Electric Screwdriver Market Forecasts and Analysis - By Electric Screwdriver Type
10.3.4 Asia-Pacific Electric Screwdriver Market Forecasts and Analysis - By Type
10.3.5 Asia-Pacific Electric Screwdriver Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Electric Screwdriver Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Electric Screwdriver Market
10.3.6.1.1 Australia Electric Screwdriver Market by Electric Screwdriver Type
10.3.6.1.2 Australia Electric Screwdriver Market by Type
10.3.6.1.3 Australia Electric Screwdriver Market by Application
10.3.6.2 China Electric Screwdriver Market
10.3.6.2.1 China Electric Screwdriver Market by Electric Screwdriver Type
10.3.6.2.2 China Electric Screwdriver Market by Type
10.3.6.2.3 China Electric Screwdriver Market by Application
10.3.6.3 India Electric Screwdriver Market
10.3.6.3.1 India Electric Screwdriver Market by Electric Screwdriver Type
10.3.6.3.2 India Electric Screwdriver Market by Type
10.3.6.3.3 India Electric Screwdriver Market by Application
10.3.6.4 Japan Electric Screwdriver Market
10.3.6.4.1 Japan Electric Screwdriver Market by Electric Screwdriver Type
10.3.6.4.2 Japan Electric Screwdriver Market by Type
10.3.6.4.3 Japan Electric Screwdriver Market by Application
10.3.6.5 South Korea Electric Screwdriver Market
10.3.6.5.1 South Korea Electric Screwdriver Market by Electric Screwdriver Type
10.3.6.5.2 South Korea Electric Screwdriver Market by Type
10.3.6.5.3 South Korea Electric Screwdriver Market by Application
10.3.6.6 Rest of Asia-Pacific Electric Screwdriver Market
10.3.6.6.1 Rest of Asia-Pacific Electric Screwdriver Market by Electric Screwdriver Type
10.3.6.6.2 Rest of Asia-Pacific Electric Screwdriver Market by Type
10.3.6.6.3 Rest of Asia-Pacific Electric Screwdriver Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Electric Screwdriver Market Overview
10.4.2 Middle East and Africa Electric Screwdriver Market Forecasts and Analysis
10.4.3 Middle East and Africa Electric Screwdriver Market Forecasts and Analysis - By Electric Screwdriver Type
10.4.4 Middle East and Africa Electric Screwdriver Market Forecasts and Analysis - By Type
10.4.5 Middle East and Africa Electric Screwdriver Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Electric Screwdriver Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Electric Screwdriver Market
10.4.6.1.1 South Africa Electric Screwdriver Market by Electric Screwdriver Type
10.4.6.1.2 South Africa Electric Screwdriver Market by Type
10.4.6.1.3 South Africa Electric Screwdriver Market by Application
10.4.6.2 Saudi Arabia Electric Screwdriver Market
10.4.6.2.1 Saudi Arabia Electric Screwdriver Market by Electric Screwdriver Type
10.4.6.2.2 Saudi Arabia Electric Screwdriver Market by Type
10.4.6.2.3 Saudi Arabia Electric Screwdriver Market by Application
10.4.6.3 U.A.E Electric Screwdriver Market
10.4.6.3.1 U.A.E Electric Screwdriver Market by Electric Screwdriver Type
10.4.6.3.2 U.A.E Electric Screwdriver Market by Type
10.4.6.3.3 U.A.E Electric Screwdriver Market by Application
10.4.6.4 Rest of Middle East and Africa Electric Screwdriver Market
10.4.6.4.1 Rest of Middle East and Africa Electric Screwdriver Market by Electric Screwdriver Type
10.4.6.4.2 Rest of Middle East and Africa Electric Screwdriver Market by Type
10.4.6.4.3 Rest of Middle East and Africa Electric Screwdriver Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Electric Screwdriver Market Overview
10.5.2 South and Central America Electric Screwdriver Market Forecasts and Analysis
10.5.3 South and Central America Electric Screwdriver Market Forecasts and Analysis - By Electric Screwdriver Type
10.5.4 South and Central America Electric Screwdriver Market Forecasts and Analysis - By Type
10.5.5 South and Central America Electric Screwdriver Market Forecasts and Analysis - By Application
10.5.6 South and Central America Electric Screwdriver Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Electric Screwdriver Market
10.5.6.1.1 Brazil Electric Screwdriver Market by Electric Screwdriver Type
10.5.6.1.2 Brazil Electric Screwdriver Market by Type
10.5.6.1.3 Brazil Electric Screwdriver Market by Application
10.5.6.2 Argentina Electric Screwdriver Market
10.5.6.2.1 Argentina Electric Screwdriver Market by Electric Screwdriver Type
10.5.6.2.2 Argentina Electric Screwdriver Market by Type
10.5.6.2.3 Argentina Electric Screwdriver Market by Application
10.5.6.3 Rest of South and Central America Electric Screwdriver Market
10.5.6.3.1 Rest of South and Central America Electric Screwdriver Market by Electric Screwdriver Type
10.5.6.3.2 Rest of South and Central America Electric Screwdriver Market by Type
10.5.6.3.3 Rest of South and Central America Electric Screwdriver Market by Application
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. ELECTRIC SCREWDRIVER MARKET, KEY COMPANY PROFILES
12.1. ASA ENTERPRISE CO. LTD.
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. BLACK+DECKER 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. DEWALT
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. FEIN POWER TOOLS, INC.
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. KILEWS INDUSTRIAL 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. KOLVER SRL
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. NITTO KOHKI 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. ROBERT BOSCH POWER TOOLS 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. SUMAKE INDUSTRIAL CO., LTD.
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. VESSEL CO.,INC.
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.ASA Enterprise Co. Ltd.
2.BLACK+DECKER Inc.
3.DEWALT
4.FEIN Power Tools, Inc.
5.KILEWS INDUSTRIAL CO., LTD.
6.Kolver srl
7.NITTO KOHKI CO.,LTD.
8.Robert Bosch Power Tools GmbH
9.Sumake Industrial Co., Ltd.
10.VESSEL CO.,INC.
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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