Electroplating Market Size, Share, Forecast to 2030
[Research Report]
The electroplating market size is expected to grow from US$ 72,910.22 million in 2022 to US$ 99,807.73 million by 2030; it is estimated to register a CAGR of 4.0% from 2022 to 2030.
MARKET ANALYSIS
Electroplating, or galvanic electrodeposition, is an electrochemical metal finishing process. In this process, metal ions dissolved in the solution are deposited on a substrate with the help of electricity. The process helps create a protective coating over the substrate, which offers resistance to corrosion and enhances the overall appearance of the product. Under the mechanism, the electric current passes through a solution of the dissolved metal ions and the metal object to be plated. The process is used to plate or coat several ferrous and nonferrous metal objects and plastics by using metals such as copper, tin, zinc, gold, palladium, platinum, silver, chromium, and aluminum. The production of automotive and electronics components requires an electroplating technique, which is further driving the global electroplating market.
GROWTH DRIVERS AND CHALLENGES
Expansion of the electronics and automotive industries and high demand from various end users bolster the electroplating market growth. Electroplating has prevented manufacturers from spending high amounts on expensive metals to provide efficient and aesthetics-wise products. With the advent of electroplating, most of the manufacturers rely on comparatively lower cost metals and later perform electroplating on the product with other metals to give better protection from corrosion. Also, the advent of innovative electroplating technologies such as nanotechnology and dry plating methods has meant that the efforts of industry players to reduce their environmental footprint and improve waste management are being materialized. The major demand for electroplating is seen in the electrical and electronics industries. Rising demand for wires and semiconductors across the world due to the rise in adoption of IoT propels the global electroplating market growth. Increasing penetration of television, refrigerators, smartphones, washing machines, laptops, and other consumer electronics products favors the growth of the global electroplating market. Rising preference to lead a comfortable lifestyle and increasing disposable income boost the global automotive industry, which is directly helping the electroplating market to reach new heights. Furthermore, rising demand for electroplating from aerospace and defense applications for providing proper finishing to the machinery is anticipated to foster the market growth of electroplating. The finishing mainly involves the process of coating metal that sticks to the surface of the material and provides a protective bond. Moreover, the process provides corrosion resistance, electrical conductivity, heat resistance, and friction wear to the machinery in the defense industry. Therefore, rising demand for electroplating in the defense industry propels the market growth. However, several governments and authorities are imposing certain regulations on the electroplating industry to curb the emission of harmful chemicals along with gases that are released into the atmosphere throughout the electroplating process. This is likely to become a key restraint for the global electroplating market. With the advantages of various types of electroplating comes the adverse aftermath of high pollution caused by these processes. The electroplating industry is constantly engaging with hazardous materials, which are harmful to humans and the environment.
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Electroplating Market: Strategic Insights
Market Size Value in US$ 72,910.22 million in 2022 Market Size Value by US$ 99,807.73 million by 2030 Growth rate CAGR of 4.0% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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Electroplating Market: Strategic Insights
| Market Size Value in | US$ 72,910.22 million in 2022 |
| Market Size Value by | US$ 99,807.73 million by 2030 |
| Growth rate | CAGR of 4.0% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
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REPORT SEGMENTATION AND SCOPE
The "Global Electroplating Market Forecast to 2030" is a specialized and in-depth study with a significant focus on market trends and opportunities. The report aims to provide an overview of the market with detailed market segmentation on the basis of metal, type, end use industry, and geography. The global electroplating market has witnessed significant growth over the past few years and is expected to continue this trend during the forecast period. The report provides key statistics on the use of electroplating worldwide, along with their demand in major regions and countries. It also provides a qualitative assessment of various factors affecting the market performance in major regions and countries. The report also includes a comprehensive analysis of the leading market players and their key strategic developments. Several analyses on the market dynamics are also included to help identify the key driving factors, market trends, and lucrative opportunities that would, in turn, aid in identifying the significant revenue pockets.
Further, ecosystem analysis and Porter’s five forces analysis provide a 360-degree view of the global electroplating market, which helps understand the entire supply chain and various factors affecting the market growth.
SEGMENTAL ANALYSIS
The global electroplating market analysis is segmented on the basis of metal, type, and end use industry. In terms of metal, the market is segmented into gold, silver, copper, nickel, and others. Based on type, the market is segregated into barrel plating, rack plating, continuous plating, and line plating. By end-use industry, the market is segmented into automotive, electrical & electronics, aerospace & defense, medical, and others.
Based on metal, the nickel segment held a significant global electroplating market share in 2022. Nickel plating is a hard-wearing, decorative finish that can be applied to various materials. It produces a brilliant, lustrous finish that ages over time to produce a slightly yellow color. By type, the barrel plating segment held the largest market share in 2022. Barrel plating is a method used to flatten large groups of small parts. In this process, the components are placed inside a barrel filled with an electrolyte solution. The electroplating process proceeds while the barrel is rotated, stirring the parts in such a way that they receive even finishes consistently. Based on end use industry, the electrical and electronics segment led the market with a significant market share in 2022. The electrical & electronics industry is considerably reliant on electroplating service providers as it helps increase product lifespan and makes it more resilient.
REGIONAL ANALYSIS
The global electroplating market report provides a detailed overview of the electroplating market size with respect to five major regions—North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. APAC accounted for a significant global electroplating market share and was valued at ~US$ 44 billion in 2022. China is a major contributor to the market growth in this region. North America is also expected to witness notable growth, reaching ~US$ 13 billion by 2030. Furthermore, in Europe, there has been a widespread use of electroplating. The electroplating market forecast in Europe is expected to report a CAGR of ~4% from 2022 to 2030.
INDUSTRY DEVELOPMENTS AND FUTURE OPPORTUNITIES
Partnerships, acquisitions, and new product launches are a few prominent strategies adopted by the players operating in the global electroplating market.
In November 2023, Alleima AB, a global manufacturer of high-value-added products in advanced stainless steels and special alloys, announced its plans to expand its operations in Switzerland to meet the growing demand for plated components.
In 2020, Schlötter announced cooperation with Italtecno srl. to expand its portfolio of galvanic specialty chemicals and to offer sales and service for processes for aluminium surface treatment in the future.
Electroplating Market Report Scope
IMPACT OF COVID-19 PANDEMIC/IMPACT OF GEOPOLITICAL SCENARIO/IMPACT OF RECESSION
Lockdowns, travel restrictions, and business shutdowns due to the COVID-19 pandemic adversely affected economies and industries in various countries across the world. The crisis disturbed supply chains, manufacturing activities, delivery schedules, and essential and nonessential product sales. These disruptions restricted the availability of raw materials. It caused delays in production and increased costs, negatively impacting the electroplating market.
The global marketplace is recovering from the losses as governments of different countries have announced relaxation in the restrictions. Manufacturing activities are rebounding as countries gradually recover from the pandemic and vaccination efforts continue. Manufacturers are permitted to operate at full capacity to overcome the supply gap. Thus, the global electroplating market is anticipated to grow strongly during the forecast period.
COMPETITIVE LANDSCAPE AND KEY COMPANIES
Allenchrome Electroplating Ltd; Atotech; Dr.-Ing. Max Schlötter GmbH & Co. KG; Jing Mei Industrial Limited.; Klein Plating Works Inc; Precision Plating Company; Sharretts Plating Co., Inc.; Summit Corporation of America; Toho Zinc Co., Ltd; and Cherng Yi Hsing Plastic Plating Factory Co., Ltd are a few of the major players operating in the global electroplating market.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Metal, Type, End-Use Industry
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Ongoing industrialization across the globe, along with the increasing disposable income of consumers in the developed countries, is fueling the demand for electroplating across the electronics, automotive, and jewelry industry. With the rise in demand for high-performance automobile components having excellent resistance to corrosion to enhance the appearance of exterior automobile parts, including emblems, door handles, hood ornaments, and wheel rims, is driving the demand for electroplating. These factors are driving the electroplating market growth.
In 2022, Asia Pacific accounted for the largest share of the global electroplating market. The electroplating market in Asia Pacific comprises several developing economies such as China, India, Japan, South Korea, and Australia. These emerging countries are witnessing an upsurge due to growth in urbanization, increasing manufacturing industries coupled with growing industrialization, and the impact of social media, which offers ample opportunities for key market players in the electroplating market.
In 2022, the electrical and electronics segment held the largest market share. The electrical and electronics industry is considerably reliant on electroplating service providers as it helps increase product lifespan and makes it more resilient. The electrical & electronics industry uses precious and non-precious plated components for various end-use applications to improve characteristics such as solder-ability, wear resistance, corrosion resistance, and the electrical conductivity of components and parts of electronic products.
In 2022, the barrel plating segment held the largest market share. Barrel plating is a method used to flatten large groups of small parts. In this process, the components are placed inside a barrel filled with an electrolyte solution. The electroplating process proceeds while the barrel is rotated, stirring the parts in such a way that they receive even finishes consistently. Barrel plating is best used for small, durable parts, but offers a cheap, efficient, and flexible solution.
The major players operating in the electroplating market are Allenchrome Electroplating Ltd; Atotech; Dr.-Ing. Max Schlötter GmbH & Co. KG; Jing Mei Industrial Limited.; Klein Plating Works Inc; Precision Plating Company; Sharretts Plating Co., Inc.; Summit Corporation of America; Toho Zinc Co., Ltd; and Cherng Yi Hsing Plastic Plating Factory Co., Ltd.
In 2022, the nickel segment held the largest market share. Nickel plating is a hard-wearing, decorative finish that can be applied to various materials. Nickel plating produces a brilliant lustrous finish that ages over time to produce a slightly yellow color. Nickel electroplating is used for a number of functional and aesthetic purposes. Nickel plating can help protect against corrosion, improve wear resistance, and increase the thickness of the surface.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Electroplating Market Landscape
4.1 Overview
4.2 Porter’s Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
5. Electroplating Market – Key Market Dynamics
5.1 Electroplating Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Increasing Demand from End-Use Industries
5.2.2 On-Going Industrialization Around The Globe
5.3 Market Restraints
5.3.1 Regulations by Various Authorities upon the Electroplating
5.4 Market Opportunities
5.4.1 Implementation of Innovative and Environmental-friendly Techniques
5.5 Future Trends
5.5.1 Increasing Use of Automatic Soldering Over Manual Soldering
5.6 Impact of Drivers and Restraints:
6. Electroplating Market – Global Market Analysis
6.1 Electroplating Market Revenue (US$ Million), 2020–2030
6.2 Electroplating Market Forecast Analysis
7. Electroplating Market Analysis – by Metal
7.1 Gold
7.1.1 Overview
7.1.2 Gold: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
7.2 Silver
7.2.1 Overview
7.2.2 Silver: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
7.3 Copper
7.3.1 Overview
7.3.2 Copper: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
7.4 Nickel
7.4.1 Overview
7.4.2 Nickel: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
8. Electroplating Market Analysis – by Type
8.1 Barrel Plating
8.1.1 Overview
8.1.2 Barrel Plating: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
8.2 Rack Plating
8.2.1 Overview
8.2.2 Rack Plating: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
8.3 Continuous Plating
8.3.1 Overview
8.3.1.1 Continuous Plating: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
8.4 Line Plating
8.4.1 Overview
8.4.2 Line Plating: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
9. Electroplating Market Analysis – by End-use Industry
9.1 Automotive
9.1.1 Overview
9.1.2 Automotive: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
9.2 Electrical and Electronics
9.2.1 Overview
9.2.2 Electrical and Electronics: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
9.3 Aerospace and Defense
9.3.1 Overview
9.3.2 Aerospace and Defense: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
9.4 Medical
9.4.1 Overview
9.4.2 Medical: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
9.5 Others
9.5.1 Overview
9.5.2 Others: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
10. Electroplating Market – Geographical Analysis
10.1 Overview
10.2 North America
10.2.1 North America Electroplating Market Overview
10.2.2 North America: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
10.2.3 North America: Electroplating Market Breakdown, by Metal
10.2.3.1 North America: Electroplating Market – Revenue and Forecast Analysis – by Metal
10.2.4 North America: Electroplating Market Breakdown, by Type
10.2.4.1 North America: Electroplating Market – Revenue and Forecast Analysis – by Type
10.2.5 North America: Electroplating Market Breakdown, by End-use Industry
10.2.5.1 North America: Electroplating Market – Revenue and Forecast Analysis – by End-use Industry
10.2.6 North America: Electroplating Market – Revenue and Forecast Analysis – by Country
10.2.6.1 North America: Electroplating Market – Revenue and Forecast Analysis – by Country
10.2.6.2 United States: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
10.2.6.2.1 United States: Electroplating Market Breakdown, by Metal
10.2.6.2.2 United States: Electroplating Market Breakdown, by Type
10.2.6.2.3 United States: Electroplating Market Breakdown, by End-use Industry
10.2.6.3 Canada: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
10.2.6.3.1 Canada: Electroplating Market Breakdown, by Metal
10.2.6.3.2 Canada: Electroplating Market Breakdown, by Type
10.2.6.3.3 Canada: Electroplating Market Breakdown, by End-use Industry
10.2.6.4 Mexico: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
10.2.6.4.1 Mexico: Electroplating Market Breakdown, by Metal
10.2.6.4.2 Mexico: Electroplating Market Breakdown, by Type
10.2.6.4.3 Mexico: Electroplating Market Breakdown, by End-use Industry
10.3 Europe
10.3.1 Europe Electroplating Market Overview
10.3.2 Europe: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
10.3.3 Europe: Electroplating Market Breakdown, by Metal
10.3.3.1 Europe: Electroplating Market – Revenue and Forecast Analysis – by Metal
10.3.4 Europe: Electroplating Market Breakdown, by Type
10.3.4.1 Europe: Electroplating Market – Revenue and Forecast Analysis – by Type
10.3.5 Europe: Electroplating Market Breakdown, by End-use Industry
10.3.5.1 Europe: Electroplating Market – Revenue and Forecast Analysis – by End-use Industry
10.3.6 Europe: Electroplating Market – Revenue and Forecast Analysis – by Country
10.3.6.1 Europe: Electroplating Market – Revenue and Forecast Analysis – by Country
10.3.6.2 Germany: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
10.3.6.2.1 Germany: Electroplating Market Breakdown, by Metal
10.3.6.2.2 Germany: Electroplating Market Breakdown, by Type
10.3.6.2.3 Germany: Electroplating Market Breakdown, by End-use Industry
10.3.6.3 France: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
10.3.6.3.1 France: Electroplating Market Breakdown, by Metal
10.3.6.3.2 France: Electroplating Market Breakdown, by Type
10.3.6.3.3 France: Electroplating Market Breakdown, by End-use Industry
10.3.6.4 United Kingdom: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
10.3.6.4.1 United Kingdom: Electroplating Market Breakdown, by Metal
10.3.6.4.2 United Kingdom: Electroplating Market Breakdown, by Type
10.3.6.4.3 United Kingdom: Electroplating Market Breakdown, by End-use Industry
10.3.6.5 Italy: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
10.3.6.5.1 Italy: Electroplating Market Breakdown, by Metal
10.3.6.5.2 Italy: Electroplating Market Breakdown, by Type
10.3.6.5.3 Italy: Electroplating Market Breakdown, by End-use Industry
10.3.6.6 Russian Federation: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
10.3.6.6.1 Russian Federation: Electroplating Market Breakdown, by Metal
10.3.6.6.2 Russian Federation: Electroplating Market Breakdown, by Type
10.3.6.6.3 Russian Federation: Electroplating Market Breakdown, by End-use Industry
10.3.6.7 Rest of Europe: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
10.3.6.7.1 Rest of Europe: Electroplating Market Breakdown, by Metal
10.3.6.7.2 Rest of Europe: Electroplating Market Breakdown, by Type
10.3.6.7.3 Rest of Europe: Electroplating Market Breakdown, by End-use Industry
10.4 Asia Pacific
10.4.1 Asia Pacific Electroplating Market Overview
10.4.2 Asia Pacific: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
10.4.3 Asia Pacific: Electroplating Market Breakdown, by Metal
10.4.3.1 Asia Pacific: Electroplating Market – Revenue and Forecast Analysis – by Metal
10.4.4 Asia Pacific: Electroplating Market Breakdown, by Type
10.4.4.1 Asia Pacific: Electroplating Market – Revenue and Forecast Analysis – by Type
10.4.5 Asia Pacific: Electroplating Market Breakdown, by End-use Industry
10.4.5.1 Asia Pacific: Electroplating Market – Revenue and Forecast Analysis – by End-use Industry
10.4.6 Asia Pacific: Electroplating Market – Revenue and Forecast Analysis – by Country
10.4.6.1 Asia Pacific: Electroplating Market – Revenue and Forecast Analysis – by Country
10.4.6.2 Australia: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
10.4.6.2.1 Australia: Electroplating Market Breakdown, by Metal
10.4.6.2.2 Australia: Electroplating Market Breakdown, by Type
10.4.6.2.3 Australia: Electroplating Market Breakdown, by End-use Industry
10.4.6.3 China: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
10.4.6.3.1 China: Electroplating Market Breakdown, by Metal
10.4.6.3.2 China: Electroplating Market Breakdown, by Type
10.4.6.3.3 China: Electroplating Market Breakdown, by End-use Industry
10.4.6.4 India: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
10.4.6.4.1 India: Electroplating Market Breakdown, by Metal
10.4.6.4.2 India: Electroplating Market Breakdown, by Type
10.4.6.4.3 India: Electroplating Market Breakdown, by End-use Industry
10.4.6.5 Japan: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
10.4.6.5.1 Japan: Electroplating Market Breakdown, by Metal
10.4.6.5.2 Japan: Electroplating Market Breakdown, by Type
10.4.6.5.3 Japan: Electroplating Market Breakdown, by End-use Industry
10.4.6.6 South Korea: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
10.4.6.6.1 South Korea: Electroplating Market Breakdown, by Metal
10.4.6.6.2 South Korea: Electroplating Market Breakdown, by Type
10.4.6.6.3 South Korea: Electroplating Market Breakdown, by End-use Industry
10.4.6.7 Rest of APAC: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
10.4.6.7.1 Rest of APAC: Electroplating Market Breakdown, by Metal
10.4.6.7.2 Rest of APAC: Electroplating Market Breakdown, by Type
10.4.6.7.3 Rest of APAC: Electroplating Market Breakdown, by End-use Industry
10.5 Middle East and Africa
10.5.1 Middle East and Africa Electroplating Market Overview
10.5.2 Middle East and Africa: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
10.5.3 Middle East and Africa: Electroplating Market Breakdown, by Metal
10.5.3.1 Middle East and Africa: Electroplating Market – Revenue and Forecast Analysis – by Metal
10.5.4 Middle East and Africa: Electroplating Market Breakdown, by Type
10.5.4.1 Middle East and Africa: Electroplating Market – Revenue and Forecast Analysis – by Type
10.5.5 Middle East and Africa: Electroplating Market Breakdown, by End-use Industry
10.5.5.1 Middle East and Africa: Electroplating Market – Revenue and Forecast Analysis – by End-use Industry
10.5.6 Middle East and Africa: Electroplating Market – Revenue and Forecast Analysis – by Country
10.5.6.1 Middle East and Africa: Electroplating Market – Revenue and Forecast Analysis – by Country
10.5.6.2 South Africa: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
10.5.6.2.1 South Africa: Electroplating Market Breakdown, by Metal
10.5.6.2.2 South Africa: Electroplating Market Breakdown, by Type
10.5.6.2.3 South Africa: Electroplating Market Breakdown, by End-use Industry
10.5.6.3 Saudi Arabia: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
10.5.6.3.1 Saudi Arabia: Electroplating Market Breakdown, by Metal
10.5.6.3.2 Saudi Arabia: Electroplating Market Breakdown, by Type
10.5.6.3.3 Saudi Arabia: Electroplating Market Breakdown, by End-use Industry
10.5.6.4 United Arab Emirates: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
10.5.6.4.1 United Arab Emirates: Electroplating Market Breakdown, by Metal
10.5.6.4.2 United Arab Emirates: Electroplating Market Breakdown, by Type
10.5.6.4.3 United Arab Emirates: Electroplating Market Breakdown, by End-use Industry
10.5.6.5 Rest of Middle East and Africa: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
10.5.6.5.1 Rest of Middle East and Africa: Electroplating Market Breakdown, by Metal
10.5.6.5.2 Rest of Middle East and Africa: Electroplating Market Breakdown, by Type
10.5.6.5.3 Rest of Middle East and Africa: Electroplating Market Breakdown, by End-use Industry
10.6 South and Central America
10.6.1 South and Central America Electroplating Market Overview
10.6.2 South and Central America: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
10.6.3 South and Central America: Electroplating Market Breakdown, by Metal
10.6.3.1 South and Central America: Electroplating Market – Revenue and Forecast Analysis – by Metal
10.6.4 South and Central America: Electroplating Market Breakdown, by Type
10.6.4.1 South and Central America: Electroplating Market – Revenue and Forecast Analysis – by Type
10.6.5 South and Central America: Electroplating Market Breakdown, by End-use Industry
10.6.5.1 South and Central America: Electroplating Market – Revenue and Forecast Analysis – by End-use Industry
10.6.6 South and Central America: Electroplating Market – Revenue and Forecast Analysis – by Country
10.6.6.1 South and Central America: Electroplating Market – Revenue and Forecast Analysis – by Country
10.6.6.2 Brazil: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
10.6.6.2.1 Brazil: Electroplating Market Breakdown, by Metal
10.6.6.2.2 Brazil: Electroplating Market Breakdown, by Type
10.6.6.2.3 Brazil: Electroplating Market Breakdown, by End-use Industry
10.6.6.3 Argentina: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
10.6.6.3.1 Argentina: Electroplating Market Breakdown, by Metal
10.6.6.3.2 Argentina: Electroplating Market Breakdown, by Type
10.6.6.3.3 Argentina: Electroplating Market Breakdown, by End-use Industry
10.6.6.4 Rest of South and Central America: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
10.6.6.4.1 Rest of South and Central America: Electroplating Market Breakdown, by Metal
10.6.6.4.2 Rest of South and Central America: Electroplating Market Breakdown, by Type
10.6.6.4.3 Rest of South and Central America: Electroplating Market Breakdown, by End-use Industry
11. Electroplating Market – Impact of COVID-19 Pandemic
11.1 Pre & Post COVID-19 Impact
12. Competitive Landscape
12.1 Heat Map Analysis
12.2 Company Positioning & Concentration
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 Merger and Acquisition
14. Company Profiles
14.1 Allenchrome Electroplating Ltd
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.2 Atotech Deutschland GmbH & Co KG
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.3 Dr Ing Max Schlotter GmbH and Co KG
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Jing Mei Industrial Ltd
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Klein Plating Works Inc
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.6 Precision Plating Co
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.7 Sharretts Plating Co Inc
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.8 Summit Corp of America
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Toho Zinc Co Ltd
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.10 Cherng Yi Hsing Plastic Plating Factory Co Ltd
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
15. Appendix
15.1 About The Insight Partners
15.2 Glossary
List of Tables
Table 1. Electroplating Market Segmentation
Table 2. List of Vendors
Table 3. Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
Table 4. Electroplating Market – Revenue and Forecast to 2030 (US$ Million) – by Metal
Table 5. Electroplating Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 6. Electroplating Market – Revenue and Forecast to 2030 (US$ Million) – by End-use Industry
Table 7. North America: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Metal
Table 8. North America: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 9. North America: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by End-use Industry
Table 10. North America: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 11. United States: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Metal
Table 12. United States: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 13. United States: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by End-use Industry
Table 14. Canada: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Metal
Table 15. Canada: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 16. Canada: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by End-use Industry
Table 17. Mexico: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Metal
Table 18. Mexico: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 19. Mexico: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by End-use Industry
Table 20. Europe: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Metal
Table 21. Europe: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 22. Europe: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by End-use Industry
Table 23. Europe: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 24. Germany: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Metal
Table 25. Germany: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 26. Germany: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by End-use Industry
Table 27. France: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Metal
Table 28. France: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 29. France: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by End-use Industry
Table 30. United Kingdom: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Metal
Table 31. United Kingdom: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 32. United Kingdom: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by End-use Industry
Table 33. Italy: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Metal
Table 34. Italy: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 35. Italy: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by End-use Industry
Table 36. Russian Federation: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Metal
Table 37. Russian Federation: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 38. Russian Federation: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by End-use Industry
Table 39. Rest of Europe: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Metal
Table 40. Rest of Europe: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 41. Rest of Europe: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by End-use Industry
Table 42. Asia Pacific: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Metal
Table 43. Asia Pacific: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 44. Asia Pacific: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by End-use Industry
Table 45. Asia Pacific: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 46. Australia: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Metal
Table 47. Australia: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 48. Australia: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by End-use Industry
Table 49. China: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Metal
Table 50. China: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 51. China: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by End-use Industry
Table 52. India: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Metal
Table 53. India: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 54. India: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by End-use Industry
Table 55. Japan: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Metal
Table 56. Japan: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 57. Japan: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by End-use Industry
Table 58. South Korea: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Metal
Table 59. South Korea: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 60. South Korea: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by End-use Industry
Table 61. Rest of APAC: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Metal
Table 62. Rest of APAC: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 63. Rest of APAC: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by End-use Industry
Table 64. Middle East and Africa: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Metal
Table 65. Middle East and Africa: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 66. Middle East and Africa: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by End-use Industry
Table 67. Middle East and Africa: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 68. South Africa: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Metal
Table 69. South Africa: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 70. South Africa: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by End-use Industry
Table 71. Saudi Arabia: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Metal
Table 72. Saudi Arabia: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 73. Saudi Arabia: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by End-use Industry
Table 74. United Arab Emirates: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Metal
Table 75. United Arab Emirates: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 76. United Arab Emirates: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by End-use Industry
Table 77. Rest of Middle East and Africa: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Metal
Table 78. Rest of Middle East and Africa: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 79. Rest of Middle East and Africa: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by End-use Industry
Table 80. South and Central America: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Metal
Table 81. South and Central America: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 82. South and Central America: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by End-use Industry
Table 83. South and Central America: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 84. Brazil: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Metal
Table 85. Brazil: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 86. Brazil: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by End-use Industry
Table 87. Argentina: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Metal
Table 88. Argentina: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 89. Argentina: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by End-use Industry
Table 90. Rest of South and Central America: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Metal
Table 91. Rest of South and Central America: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 92. Rest of South and Central America: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by End-use Industry
Table 93. Glossary of Terms, Global Electroplating Market
List of Figures
Figure 1. Electroplating Market Segmentation, by Geography
Figure 2. Porter’s Analysis
Figure 3. Ecosystem: Electroplating Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Electroplating Market Revenue (US$ Million), 2020–2030
Figure 6. Electroplating Market Share (%) – by Metal (2022 and 2030)
Figure 7. Gold: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
Figure 8. Silver: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
Figure 9. Copper: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
Figure 10. Nickel: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
Figure 11. Others: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
Figure 12. Electroplating Market Share (%) – by Type (2022 and 2030)
Figure 13. Barrel Plating: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
Figure 14. Rack Plating: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
Figure 15. Continuous Plating: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. Line Plating: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. Electroplating Market Share (%) – by End-use Industry (2022 and 2030)
Figure 18. Automotive: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
Figure 19. Electrical and Electronics: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
Figure 20. Aerospace and Defense: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
Figure 21. Medical: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
Figure 22. Others: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
Figure 23. Electroplating Market Breakdown by Region, 2022 and 2030 (%)
Figure 24. North America: Electroplating Market – Revenue and Forecast to 2030(US$ Million)
Figure 25. North America: Electroplating Market Breakdown, by Metal (2022 and 2030)
Figure 26. North America: Electroplating Market Breakdown, by Type (2022 and 2030)
Figure 27. North America: Electroplating Market Breakdown, by End-use Industry (2022 and 2030)
Figure 28. North America: Electroplating Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 29. United States: Electroplating Market – Revenue and Forecast to 2030(US$ Million)
Figure 30. Canada: Electroplating Market – Revenue and Forecast to 2030(US$ Million)
Figure 31. Mexico: Electroplating Market – Revenue and Forecast to 2030(US$ Million)
Figure 32. Europe: Electroplating Market – Revenue and Forecast to 2030(US$ Million)
Figure 33. Europe: Electroplating Market Breakdown, by Metal (2022 and 2030)
Figure 34. Europe: Electroplating Market Breakdown, by Type (2022 and 2030)
Figure 35. Europe: Electroplating Market Breakdown, by End-use Industry (2022 and 2030)
Figure 36. Europe: Electroplating Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 37. Germany: Electroplating Market – Revenue and Forecast to 2030(US$ Million)
Figure 38. France: Electroplating Market – Revenue and Forecast to 2030(US$ Million)
Figure 39. United Kingdom: Electroplating Market – Revenue and Forecast to 2030(US$ Million)
Figure 40. Italy: Electroplating Market – Revenue and Forecast to 2030(US$ Million)
Figure 41. Russian Federation: Electroplating Market – Revenue and Forecast to 2030(US$ Million)
Figure 42. Rest of Europe: Electroplating Market – Revenue and Forecast to 2030(US$ Million)
Figure 43. Asia Pacific: Electroplating Market – Revenue and Forecast to 2030(US$ Million)
Figure 44. Asia Pacific: Electroplating Market Breakdown, by Metal (2022 and 2030)
Figure 45. Asia Pacific: Electroplating Market Breakdown, by Type (2022 and 2030)
Figure 46. Asia Pacific: Electroplating Market Breakdown, by End-use Industry (2022 and 2030)
Figure 47. Asia Pacific: Electroplating Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 48. Australia: Electroplating Market – Revenue and Forecast to 2030(US$ Million)
Figure 49. China: Electroplating Market – Revenue and Forecast to 2030(US$ Million)
Figure 50. India: Electroplating Market – Revenue and Forecast to 2030(US$ Million)
Figure 51. Japan: Electroplating Market – Revenue and Forecast to 2030(US$ Million)
Figure 52. South Korea: Electroplating Market – Revenue and Forecast to 2030(US$ Million)
Figure 53. Rest of APAC: Electroplating Market – Revenue and Forecast to 2030(US$ Million)
Figure 54. Middle East and Africa: Electroplating Market – Revenue and Forecast to 2030(US$ Million)
Figure 55. Middle East and Africa: Electroplating Market Breakdown, by Metal (2022 and 2030)
Figure 56. Middle East and Africa: Electroplating Market Breakdown, by Type (2022 and 2030)
Figure 57. Middle East and Africa: Electroplating Market Breakdown, by End-use Industry (2022 and 2030)
Figure 58. Middle East and Africa: Electroplating Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 59. South Africa: Electroplating Market – Revenue and Forecast to 2030(US$ Million)
Figure 60. Saudi Arabia: Electroplating Market – Revenue and Forecast to 2030(US$ Million)
Figure 61. United Arab Emirates: Electroplating Market – Revenue and Forecast to 2030(US$ Million)
Figure 62. Rest of Middle East and Africa: Electroplating Market – Revenue and Forecast to 2030(US$ Million)
Figure 63. South and Central America: Electroplating Market – Revenue and Forecast to 2030(US$ Million)
Figure 64. South and Central America: Electroplating Market Breakdown, by Metal (2022 and 2030)
Figure 65. South and Central America: Electroplating Market Breakdown, by Type (2022 and 2030)
Figure 66. South and Central America: Electroplating Market Breakdown, by End-use Industry (2022 and 2030)
Figure 67. South and Central America: Electroplating Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 68. Brazil: Electroplating Market – Revenue and Forecast to 2030(US$ Million)
Figure 69. Argentina: Electroplating Market – Revenue and Forecast to 2030(US$ Million)
Figure 70. Rest of South and Central America: Electroplating Market – Revenue and Forecast to 2030(US$ Million)
Figure 71. Heat Map Analysis
Figure 72. Company Positioning & Concentration
The List of Companies - Electroplating Market
- Allenchrome Electroplating Ltd
- Atotech
- Dr.-Ing. Max Schlötter GmbH & Co. KG
- Jing Mei Industrial Limited.
- Klein Plating Works Inc
- Precision Plating Company
- Sharretts Plating Co., Inc.
- Summit Corporation of America
- Toho Zinc Co., Ltd
- Cherng Yi Hsing Plastic Plating Factory Co.
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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