Europe Cement for Concrete Products Market to Grow at a CAGR of 6.0% to reach US$ 8,092.18 million from 2022 to 2028
The Europe cement for concrete products market size was valued at US$ 5,704.73 million in 2022 and is expected to reach US$ 8,092.18 million by 2028; it is estimated to register a CAGR of 6.0% from 2022 to 2028.
The cement for concrete products market is bolstering owing to rising demand from various end-use industries and the rapid increase in construction activities due to population expansion. Moreover, there is an increase in demand for precast concrete products from various end use sectors such as residential, non-residential, and commercial. Further, based on end-user, the Europe cement for concrete products market is segmented into residential, commercial, and others. The commercial segment held the largest share in 2022, and the residential segment is expected to register the highest CAGR during the forecast period.
Germany accounted for the largest portion of the Europe cement for concrete products market share in 2022. Germany is one of the major contributors to the Europe cement for concrete products market growth. The increasing population in the country has led to rising demand for housing and commercial buildings. This has resulted in a significant increase in the consumption of cement for concrete products. In Germany, the major factors driving the cement for concrete products market are growing construction activities in the country and increasing investments in the construction sector. Cement is used for making different concrete products, such as concrete blocks, concrete sewer pipes, and concrete garden tiles. These concrete products are used in residential, commercial, and other construction activities. The construction industry in Germany benefits from a stable economy, investments in construction projects, and a progressive focus on energy efficiency that is supported by the federal government.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Europe Cement for Concrete Products Market: Strategic Insights
Market Size Value in US$ 5,704.73 million in 2022 Market Size Value by US$ 8,092.18 million by 2028 Growth rate CAGR of 6.0% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2022
Shejal
Have a question?
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Europe Cement for Concrete Products Market: Strategic Insights
| Market Size Value in | US$ 5,704.73 million in 2022 |
| Market Size Value by | US$ 8,092.18 million by 2028 |
| Growth rate | CAGR of 6.0% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
Shejal
Have a question?
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Impact of COVID-19 Pandemic on Europe Cement for Concrete Products Market
The COVID-19 pandemic disrupted the cement for concrete products market growth in Europe due to the slowdown of raw material production, supply chain instability, trade bans, and decreased demand for new construction projects. Further, reduced activities related to residential and commercial construction are a few factors that have negatively impacted the cement for concrete products market growth in Europe. In addition, the COVID-19 pandemic has impacted operational efficiency and disrupted the value chains due to the sudden shutdown of national and international boundaries, creating revenue loss. The disturbed value chain hampered the raw material supply. However, with the recovery of the economies, the demand for concrete products is rising in the region. The construction industry continues to recover in the post-pandemic period due to government initiatives and vaccination drives. This is contributing to the Europe cement for concrete products market growth.
Europe Cement for Concrete Products Market Breakdown – by Region
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Market Insights
Upsurge in Construction Activities in Europe
According to the European Commission, in Europe, the construction industry contributes ~9% to the gross domestic product (GDP). The industry supports the economy's growth by assisting the supply chain, which creates several business opportunities and services, thereby increasing employment rates as well. In Europe, there is a growing focus on the renovation and remodeling of old buildings, along with significant investment to improve public infrastructure. Moreover, rising populations have led to a rapid expansion of cities, requiring more and better infrastructure of road, rail, housing, and office spaces. Germany is Europe’s biggest construction market; as a result, the construction sector in the country is growing significantly. The requirement for residential buildings in the country is increasing due to rising population and a favorable economic environment. A few of these residential buildings also include interesting niches, such as multigenerational houses, micro-apartments, and prefabricated buildings. In addition, Nantes New CHU Hospital Development, Paris Tour Triangle High-Rise Building, Yves-du-Manoir Stadium Renovation, Entre-Deux-Mers High School, and Eco-Pole Waste Sorting Plant are a few of the construction projects initiated in 2022 in France. Further, growth in residential construction activities is one of the major drivers of the construction industry in the UK. Hence, an upsurge in construction activities in Europe is driving the cement for concrete products market growth in the region.
Product Type Insights
Based on product type, the Europe cement for concrete products market is segmented into concrete blocks/flags/curbs, concrete sewer pipes, concrete garden tiles, and others. The concrete sewer pipes segment individually accounted for the largest portion of the Europe cement for concrete products market share in 2022. Footings, walls, beams, etc., are widely used for various construction applications where load-bearing capacity, structural stability, and durability are critical. Concrete footings, also known as foundation footings, are an essential component of many construction projects in Europe. They provide support and stability to buildings, bridges, and other infrastructure by transferring loads from the structure to the ground. Concrete walls are used for structural, load-bearing purposes as well as for nonstructural or decorative purposes. Reinforcement is commonly used in concrete walls in several buildings across Europe to enhance their strength and durability.
Europe Cement for Concrete Products Market, by Product Type – 2022 and 2028
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The key players operating in the Europe cement for concrete products market include Aggregate Industries, ACP (Concrete) Ltd, Consolis Group SAS, HeidelbergCement AG, HEBERGER GmbH, Irish Cement Ltd., JP Concrete Products Ltd, Vicat SA, Milbank Concrete Products Ltd, and Atlas Concrete Ltd. Players operating in the Europe cement for concrete products market focus on providing high-quality products to fulfill customer demand. They are also focusing on strategies such as investments in research and development activities and new product launches.
Report Spotlights
- Progressive industry trends in the Europe cement for concrete products market to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the Europe cement for concrete products market from 2020 to 2028
- Estimation of demand for cement for concrete products in Europe
- Porter’s Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry
- Recent developments to understand the competitive market scenario
- Market trends and outlook, as well as factors driving and restraining the Europe cement for concrete products market growth
- Assistance in the decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
- The Europe cement for concrete products market size at various nodes
- Detailed overview and segmentation of the market, as well as the Europe cement for concrete products industry dynamics
- The Europe cement for concrete products market size in various countries with promising growth opportunities
Company Profiles
- Aggregate Industries
- ACP (Concrete) Ltd
- Consolis Group SAS
- HeidelbergCement AG
- HEBERGER GmbH
- Irish Cement Ltd.
- JP Concrete Products Ltd
- Vicat SA
- Milbank Concrete Products Ltd
- Atlas Concrete Ltd
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product Type, and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Belgium, France, Germany, Italy, Netherlands, Poland, Russian Federation, Spain, United Kingdom
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis Formulation
3.2.4 Macro-economic Factor Analysis
3.2.5 Developing Base Number
3.2.6 Data Triangulation
3.2.7 Country Level Data
4. Europe Cement for Concrete Products Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Cement for Concrete Products — Key Market Dynamics
5.1 Market Drivers
5.1.1 Upsurge in Construction Activities in Europe
5.1.2 Increasing Adoption of Precast Concrete Products
5.2 Market Restraints
5.2.1 Fluctuations in Cement Prices
5.3 Market Opportunities
5.3.1 Rising Demand for Autoclaved Aerated Concrete Products
5.4 Future Trends
5.4.1 Growing Focus of Manufacturers on Adopting Different Strategies
5.5 Impact Analysis of Drivers and Restraints
6. Cement for Concrete Products –Europe Market Analysis
6.1 Cement for Concrete Products Overview
6.2 Europe Cement for Concrete Products –Volume and Forecast to 2028
6.3 Europe Cement for Concrete Products –Revenue and Forecast to 2028
6.4 Competitive Positioning – Key Market Players
7. Europe Cement for Concrete Products Analysis – By Product Type
7.1 Overview
7.2 Europe Cement for Concrete Products Breakdown, by Product Type, 2021 & 2028
7.3 Concrete blocks/flags/curbs
7.3.1 Overview
7.3.2 Concrete blocks/flags/curbs: Europe Cement for Concrete Products – Revenue and Forecast to 2028 (US$ Million)
7.4 Concrete sewer pipes
7.4.1 Overview
7.4.2 Concrete sewer pipes: Europe Cement for Concrete Products – Revenue and Forecast to 2028 (US$ Million)
7.5 Concrete garden tiles
7.5.1 Overview
7.5.2 Concrete garden tiles: Cement for Concrete Products – Revenue and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Europe Cement for Concrete Products – Revenue and Forecast to 2028 (US$ Million)
8. Europe Cement for Concrete Products Analysis – By End-User
8.1 Overview
8.2 Europe Cement for Concrete Products Breakdown, by End-User, 2021 & 2028
8.3 Residential
8.3.1 Overview
8.3.2 Residential: Europe Cement for Concrete Products – Revenue and Forecast to 2028 (US$ Million)
8.4 Commercial
8.4.1 Overview
8.4.2 Commercial: Europe Cement for Concrete Products – Revenue and Forecast to 2028 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Europe Cement for Concrete Products – Revenue and Forecast to 2028 (US$ Million)
9. Europe Cement for Concrete Products – Country Analysis
9.1 Europe: Cement for Concrete Products, by Key Country
9.1.1 Germany: Cement for Concrete Products – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1 Germany: Cement for Concrete Products, by Product Type
9.1.1.2 Germany: Cement for Concrete Products, by End-User
9.1.2 France: Cement for Concrete Products – Revenue and Forecast to 2028 (US$ Million)
9.1.2.1 France: Cement for Concrete Products, by Product Type
9.1.2.2 France: Cement for Concrete Products, by End-User
9.1.3 Italy: Cement for Concrete Products – Revenue and Forecast to 2028 (US$ Million)
9.1.3.1 Italy: Cement for Concrete Products, by Product Type
9.1.3.2 Italy: Cement for Concrete Products, by End-User
9.1.4 UK: Cement for Concrete Products – Revenue and Forecast to 2028 (US$ Million)
9.1.4.1 UK: Cement for Concrete Products, by Product Type
9.1.4.2 UK: Cement for Concrete Products, by End-User
9.1.5 Russia: Cement for Concrete Products – Revenue and Forecast to 2028 (US$ Million)
9.1.5.1 Russia: Cement for Concrete Products, by Product Type
9.1.5.2 Russia: Cement for Concrete Products, by End-User
9.1.6 Belgium: Cement for Concrete Products – Revenue and Forecast to 2028 (US$ Million)
9.1.6.1 Belgium: Cement for Concrete Products, by Product Type
9.1.6.2 Belgium: Cement for Concrete Products, by End-User
9.1.7 Netherlands: Cement for Concrete Products – Revenue and Forecast to 2028 (US$ Million)
9.1.7.1 Netherlands: Cement for Concrete Products, by Product Type
9.1.7.2 Netherlands: Cement for Concrete Products, by End-User
9.1.8 Poland: Cement for Concrete Products – Revenue and Forecast to 2028 (US$ Million)
9.1.8.1 Poland: Cement for Concrete Products, by Product Type
9.1.8.2 Poland: Cement for Concrete Products, by End-User
9.1.9 Spain: Cement for Concrete Products – Revenue and Forecast to 2028 (US$ Million)
9.1.9.1 Spain: Cement for Concrete Products, by Product Type
9.1.9.2 Spain: Cement for Concrete Products, by End-User
9.1.10 Rest of Europe: Cement for Concrete Products – Revenue and Forecast to 2028 (US$ Million)
9.1.10.1 Rest of Europe: Cement for Concrete Products, by Product Type
9.1.10.2 Rest of Europe: Cement for Concrete Products, by End-User
10. Impact of COVID-19
10.1 Overview
10.2 Impact of COVID-19 on Cement for Concrete Products Market
10.3 Europe: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Product launch
11.3 Company News
11.4 Partnership & Collaboration
12. Company Profiles
12.1 Aggregate Industries
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 ACP (Concrete) Ltd
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 Consolis Group SAS
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 HeidelbergCement AG
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 HEBERGER GmbH
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 Irish Cement Ltd.
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 JP Concrete Products 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 Vicat SA
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 Milbank Concrete Products 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 Atlas Concrete Ltd
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
LIST OF TABLES
Table 1. Europe Cement for Concrete Products –Volume and Forecast to 2028 (Thousand Tons)
Table 2. Europe Cement for Concrete Products –Revenue and Forecast to 2028 (US$ Million)
Table 3. Europe Cement for Concrete Products, by Product Type – Volume and Forecast to 2028 (Thousand Tons)
Table 4. Europe Cement for Concrete Products, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. Europe Cement for Concrete Products, by End-User – Revenue and Forecast to 2028 (US$ Million)
Table 6. Europe Cement for Concrete Products, by Country – Volume and Forecast to 2028 (Thousand Tons)
Table 7. Europe Cement for Concrete Products, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 8. Germany Cement for Concrete Products, by Product Type – Volume and Forecast to 2028 (Thousand Tons)
Table 9. Germany Cement for Concrete Products, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. Germany Cement for Concrete Products, by End-User – Revenue and Forecast to 2028 (US$ Million)
Table 11. France Cement for Concrete Products, by Product Type – Volume and Forecast to 2028 (Thousand Tons)
Table 12. France Cement for Concrete Products, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 13. France Cement for Concrete Products, by End-User – Revenue and Forecast to 2028 (US$ Million)
Table 14. Italy Cement for Concrete Products, by Product Type – Volume and Forecast to 2028 (Thousand Tons)
Table 15. Italy Cement for Concrete Products, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 16. Italy Cement for Concrete Products, by End-User – Revenue and Forecast to 2028 (US$ Million)
Table 17. UK Cement for Concrete Products, by Product Type – Volume and Forecast to 2028 (Thousand Tons)
Table 18. UK Cement for Concrete Products, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 19. UK Cement for Concrete Products, by End-User – Revenue and Forecast to 2028 (US$ Million)
Table 20. Russia Cement for Concrete Products, by Product Type – Volume and Forecast to 2028 (Thousand Tons)
Table 21. Russia Cement for Concrete Products, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 22. Russia Cement for Concrete Products, by End-User – Revenue and Forecast to 2028 (US$ Million)
Table 23. Belgium Cement for Concrete Products, by Product Type – Volume and Forecast to 2028 (Thousand Tons)
Table 24. Belgium Cement for Concrete Products, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 25. Belgium Cement for Concrete Products, by End-User – Revenue and Forecast to 2028 (US$ Million)
Table 26. Netherlands Cement for Concrete Products, by Product Type – Volume and Forecast to 2028 (Thousand Tons)
Table 27. Netherlands Cement for Concrete Products, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 28. Netherlands Cement for Concrete Products, by End-User – Revenue and Forecast to 2028 (US$ Million)
Table 29. Poland Cement for Concrete Products, by Product Type – Volume and Forecast to 2028 (Thousand Tons)
Table 30. Poland Cement for Concrete Products, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 31. Poland Cement for Concrete Products, by End-User – Revenue and Forecast to 2028 (US$ Million)
Table 32. Spain Cement for Concrete Products, by Product Type – Volume and Forecast to 2028 (Thousand Tons)
Table 33. Spain Cement for Concrete Products, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 34. Spain Cement for Concrete Products, by End-User – Revenue and Forecast to 2028 (US$ Million)
Table 35. Rest of Europe Cement for Concrete Products, by Product Type – Volume and Forecast to 2028 (Thousand Tons)
Table 36. Rest of Europe Cement for Concrete Products, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 37. Rest of Europe Cement for Concrete Products, by End-User – Revenue and Forecast to 2028 (US$ Million)
Table 38. Glossary of Terms, Europe Cement for Concrete Products Market
LIST OF FIGURES
Figure 1. Europe Cement for Concrete Products Segmentation
Figure 2. Cement for Concrete Products Segmentation – By Geography
Figure 3. Europe Cement for Concrete Products Overview
Figure 4. Europe Cement for Concrete Products, By Product Type
Figure 5. Europe Cement for Concrete Products, By Geography
Figure 6. Europe Cement for Concrete Products, Industry Landscape
Figure 7. Porter's Five Forces Analysis
Figure 8. Ecosystem: Cement for Concrete Products Market
Figure 9. Expert Opinions
Figure 10. Cement for Concrete Products Impact Analysis of Drivers and Restraints
Figure 11. Geographic Overview of Europe Cement for Concrete Products
Figure 12. Europe: Cement for Concrete Products – Volume and Forecast to 2028 (Thousand Tons)
Figure 13. Europe: Cement for Concrete Products – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Europe Cement for Concrete Products Breakdown, by Product Type, 2021 & 2028
Figure 15. Concrete blocks/flags/curbs: Europe Cement for Concrete Products – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Concrete sewer pipes: Europe Cement for Concrete Products – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Concrete garden tiles: Europe Cement for Concrete Products – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Others: Europe Cement for Concrete Products – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Europe Cement for Concrete Products Breakdown, by End-User, 2021 & 2028
Figure 20. Residential: Europe Cement for Concrete Products – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Commercial: Europe Cement for Concrete Products – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Others: Europe Cement for Concrete Products – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Europe: Cement for Concrete Products Revenue Share, by Key Country (2021 and 2028)
Figure 24. Germany: Cement for Concrete Products – Revenue and Forecast to 2028 (US$ Million)
Figure 25. France: Cement for Concrete Products – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Italy: Cement for Concrete Products – Revenue and Forecast to 2028 (US$ Million)
Figure 27. UK: Cement for Concrete Products – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Russia: Cement for Concrete Products – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Belgium: Cement for Concrete Products – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Netherlands: Cement for Concrete Products – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Poland: Cement for Concrete Products – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Spain: Cement for Concrete Products – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Rest of Europe: Cement for Concrete Products – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Impact of COVID-19 Pandemic on Cement for Concrete Products in Europe
The List of Companies - Europe Cement for Concrete Products Market
- Aggregate Industries
- ACP (Concrete) Ltd
- Consolis Group SAS
- HeidelbergCement AG
- HEBERGER GmbH
- Irish Cement Ltd.
- JP Concrete Products Ltd
- Vicat SA
- Milbank Concrete Products Ltd
- Atlas Concrete Ltd
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.
Get Free Sample For