Faucet Market Key Findings by 2031
Faucets are specially designed and manufactured products that aid in regulating the flow of water across bathroom and kitchen. The products have extensive scope of application across bathrooms, kitchen and rest rooms in regulating flow of water from sinks, bathtubs and showers among other products. Presently, the market players broad range of product design depending on product application, materials used and mechanism for residential and commercial end-users. Furthermore, globally the market is heavily fragmented owing to significantly large number of companies operating in the market and presence of notable number of manufactures with regional focus. However, the market constitutes a selected number of market with strong market positioning at global level owing to prominent brand recognition and offering high-end market related products for considerable large commercial end-user base across different countries.
MARKET DYNAMICS
Factors such as rapid urbanization and development of commercial infrastructure especially across developing economies is the major factor propelling the growth of the market. In addition to this, the growing disposable income of the individuals along with their rising propensity towards bathroom retrofitting and renovation activities is also anticipated to fuel the growth of the market during the forecast period especially across developed economies. Also, the growing consciousness towards semi-luxury faucets among emerging middle income group is projected to boost the growth of the market during the later forecast period. Thus, the global faucet market is anticipated to provide numerous lucrative profitable market growth opportunities for the market players during the coming years.
MARKET SCOPE
The "Global Faucet Market Analysis to 2031" is a specialized and in-depth study of the construction & manufacturing industry with a special focus on the global market trend analysis. The report aims to provide an overview of Faucet market with detailed market segmentation by design, material used, application, sales channel and geography. The global faucet market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Faucet market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global faucet market is segmented on the basis of design, material used, application and sales channel. Based on design, the market is segmented into ball faucet, cartridge faucet, compression faucet, and others. Further, by materials used the faucet market is broadly classified into steel, brass, plastic, and others. Whereas based on application and sales channel the market is bifurcated into bathroom & kitchen and on-line & off-line segments respectively.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global faucet market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The faucet market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting faucet market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the faucet market in these regions.
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- 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 report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global faucet market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The faucet market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting faucet market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the faucet market in these regions.
MARKET PLAYERS
The reports cover key developments in the faucet market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from faucet market are anticipated to lucrative growth opportunities in the future with the rising demand for renewable energy in the global market. Below mentioned is the list of few companies engaged in the faucet market.
The report also includes the profiles of key faucet companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- American Bath Group
- DELTA FAUCET COMPANY
- Gerber Plumbing Fixtures LLC
- GROHE AMERICA, INC
- Kohler Company
- LIXIL Group Corporation
- Masco Corporation
- PROFLO
- Roca Sanitario S.A
- TOTO Ltd
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Faucet Market - By Design
1.3.2 Faucet Market - By Material Used
1.3.3 Faucet Market - By Application
1.3.4 Faucet Market - By Sales Channel
1.3.5 Faucet Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. FAUCET MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. FAUCET 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, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. FAUCET MARKET - GLOBAL MARKET ANALYSIS
6.1. FAUCET - GLOBAL MARKET OVERVIEW
6.2. FAUCET - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. FAUCET MARKET - REVENUE AND FORECASTS TO 2028 - DESIGN
7.1. OVERVIEW
7.2. DESIGN MARKET FORECASTS AND ANALYSIS
7.3. BALL FAUCET
7.3.1. Overview
7.3.2. Ball Faucet Market Forecast and Analysis
7.4. CARTRIDGE FAUCET
7.4.1. Overview
7.4.2. Cartridge Faucet Market Forecast and Analysis
7.5. COMPRESSION FAUCET
7.5.1. Overview
7.5.2. Compression Faucet Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. FAUCET MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL USED
8.1. OVERVIEW
8.2. MATERIAL USED MARKET FORECASTS AND ANALYSIS
8.3. STEEL
8.3.1. Overview
8.3.2. Steel Market Forecast and Analysis
8.4. BRASS
8.4.1. Overview
8.4.2. Brass Market Forecast and Analysis
8.5. PLASTIC
8.5.1. Overview
8.5.2. Plastic Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. FAUCET MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. BATHROOM
9.3.1. Overview
9.3.2. Bathroom Market Forecast and Analysis
9.4. KITCHEN
9.4.1. Overview
9.4.2. Kitchen Market Forecast and Analysis
10. FAUCET MARKET - REVENUE AND FORECASTS TO 2028 - SALES CHANNEL
10.1. OVERVIEW
10.2. SALES CHANNEL MARKET FORECASTS AND ANALYSIS
10.3. OFF-LINE
10.3.1. Overview
10.3.2. Off-line Market Forecast and Analysis
10.4. ON-LINE
10.4.1. Overview
10.4.2. On-line Market Forecast and Analysis
11. FAUCET MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Faucet Market Overview
11.1.2 North America Faucet Market Forecasts and Analysis
11.1.3 North America Faucet Market Forecasts and Analysis - By Design
11.1.4 North America Faucet Market Forecasts and Analysis - By Material Used
11.1.5 North America Faucet Market Forecasts and Analysis - By Application
11.1.6 North America Faucet Market Forecasts and Analysis - By Sales Channel
11.1.7 North America Faucet Market Forecasts and Analysis - By Countries
11.1.7.1 United States Faucet Market
11.1.7.1.1 United States Faucet Market by Design
11.1.7.1.2 United States Faucet Market by Material Used
11.1.7.1.3 United States Faucet Market by Application
11.1.7.1.4 United States Faucet Market by Sales Channel
11.1.7.2 Canada Faucet Market
11.1.7.2.1 Canada Faucet Market by Design
11.1.7.2.2 Canada Faucet Market by Material Used
11.1.7.2.3 Canada Faucet Market by Application
11.1.7.2.4 Canada Faucet Market by Sales Channel
11.1.7.3 Mexico Faucet Market
11.1.7.3.1 Mexico Faucet Market by Design
11.1.7.3.2 Mexico Faucet Market by Material Used
11.1.7.3.3 Mexico Faucet Market by Application
11.1.7.3.4 Mexico Faucet Market by Sales Channel
11.2. EUROPE
11.2.1 Europe Faucet Market Overview
11.2.2 Europe Faucet Market Forecasts and Analysis
11.2.3 Europe Faucet Market Forecasts and Analysis - By Design
11.2.4 Europe Faucet Market Forecasts and Analysis - By Material Used
11.2.5 Europe Faucet Market Forecasts and Analysis - By Application
11.2.6 Europe Faucet Market Forecasts and Analysis - By Sales Channel
11.2.7 Europe Faucet Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Faucet Market
11.2.7.1.1 Germany Faucet Market by Design
11.2.7.1.2 Germany Faucet Market by Material Used
11.2.7.1.3 Germany Faucet Market by Application
11.2.7.1.4 Germany Faucet Market by Sales Channel
11.2.7.2 France Faucet Market
11.2.7.2.1 France Faucet Market by Design
11.2.7.2.2 France Faucet Market by Material Used
11.2.7.2.3 France Faucet Market by Application
11.2.7.2.4 France Faucet Market by Sales Channel
11.2.7.3 Italy Faucet Market
11.2.7.3.1 Italy Faucet Market by Design
11.2.7.3.2 Italy Faucet Market by Material Used
11.2.7.3.3 Italy Faucet Market by Application
11.2.7.3.4 Italy Faucet Market by Sales Channel
11.2.7.4 United Kingdom Faucet Market
11.2.7.4.1 United Kingdom Faucet Market by Design
11.2.7.4.2 United Kingdom Faucet Market by Material Used
11.2.7.4.3 United Kingdom Faucet Market by Application
11.2.7.4.4 United Kingdom Faucet Market by Sales Channel
11.2.7.5 Russia Faucet Market
11.2.7.5.1 Russia Faucet Market by Design
11.2.7.5.2 Russia Faucet Market by Material Used
11.2.7.5.3 Russia Faucet Market by Application
11.2.7.5.4 Russia Faucet Market by Sales Channel
11.2.7.6 Rest of Europe Faucet Market
11.2.7.6.1 Rest of Europe Faucet Market by Design
11.2.7.6.2 Rest of Europe Faucet Market by Material Used
11.2.7.6.3 Rest of Europe Faucet Market by Application
11.2.7.6.4 Rest of Europe Faucet Market by Sales Channel
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Faucet Market Overview
11.3.2 Asia-Pacific Faucet Market Forecasts and Analysis
11.3.3 Asia-Pacific Faucet Market Forecasts and Analysis - By Design
11.3.4 Asia-Pacific Faucet Market Forecasts and Analysis - By Material Used
11.3.5 Asia-Pacific Faucet Market Forecasts and Analysis - By Application
11.3.6 Asia-Pacific Faucet Market Forecasts and Analysis - By Sales Channel
11.3.7 Asia-Pacific Faucet Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Faucet Market
11.3.7.1.1 Australia Faucet Market by Design
11.3.7.1.2 Australia Faucet Market by Material Used
11.3.7.1.3 Australia Faucet Market by Application
11.3.7.1.4 Australia Faucet Market by Sales Channel
11.3.7.2 China Faucet Market
11.3.7.2.1 China Faucet Market by Design
11.3.7.2.2 China Faucet Market by Material Used
11.3.7.2.3 China Faucet Market by Application
11.3.7.2.4 China Faucet Market by Sales Channel
11.3.7.3 India Faucet Market
11.3.7.3.1 India Faucet Market by Design
11.3.7.3.2 India Faucet Market by Material Used
11.3.7.3.3 India Faucet Market by Application
11.3.7.3.4 India Faucet Market by Sales Channel
11.3.7.4 Japan Faucet Market
11.3.7.4.1 Japan Faucet Market by Design
11.3.7.4.2 Japan Faucet Market by Material Used
11.3.7.4.3 Japan Faucet Market by Application
11.3.7.4.4 Japan Faucet Market by Sales Channel
11.3.7.5 South Korea Faucet Market
11.3.7.5.1 South Korea Faucet Market by Design
11.3.7.5.2 South Korea Faucet Market by Material Used
11.3.7.5.3 South Korea Faucet Market by Application
11.3.7.5.4 South Korea Faucet Market by Sales Channel
11.3.7.6 Rest of Asia-Pacific Faucet Market
11.3.7.6.1 Rest of Asia-Pacific Faucet Market by Design
11.3.7.6.2 Rest of Asia-Pacific Faucet Market by Material Used
11.3.7.6.3 Rest of Asia-Pacific Faucet Market by Application
11.3.7.6.4 Rest of Asia-Pacific Faucet Market by Sales Channel
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Faucet Market Overview
11.4.2 Middle East and Africa Faucet Market Forecasts and Analysis
11.4.3 Middle East and Africa Faucet Market Forecasts and Analysis - By Design
11.4.4 Middle East and Africa Faucet Market Forecasts and Analysis - By Material Used
11.4.5 Middle East and Africa Faucet Market Forecasts and Analysis - By Application
11.4.6 Middle East and Africa Faucet Market Forecasts and Analysis - By Sales Channel
11.4.7 Middle East and Africa Faucet Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Faucet Market
11.4.7.1.1 South Africa Faucet Market by Design
11.4.7.1.2 South Africa Faucet Market by Material Used
11.4.7.1.3 South Africa Faucet Market by Application
11.4.7.1.4 South Africa Faucet Market by Sales Channel
11.4.7.2 Saudi Arabia Faucet Market
11.4.7.2.1 Saudi Arabia Faucet Market by Design
11.4.7.2.2 Saudi Arabia Faucet Market by Material Used
11.4.7.2.3 Saudi Arabia Faucet Market by Application
11.4.7.2.4 Saudi Arabia Faucet Market by Sales Channel
11.4.7.3 U.A.E Faucet Market
11.4.7.3.1 U.A.E Faucet Market by Design
11.4.7.3.2 U.A.E Faucet Market by Material Used
11.4.7.3.3 U.A.E Faucet Market by Application
11.4.7.3.4 U.A.E Faucet Market by Sales Channel
11.4.7.4 Rest of Middle East and Africa Faucet Market
11.4.7.4.1 Rest of Middle East and Africa Faucet Market by Design
11.4.7.4.2 Rest of Middle East and Africa Faucet Market by Material Used
11.4.7.4.3 Rest of Middle East and Africa Faucet Market by Application
11.4.7.4.4 Rest of Middle East and Africa Faucet Market by Sales Channel
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Faucet Market Overview
11.5.2 South and Central America Faucet Market Forecasts and Analysis
11.5.3 South and Central America Faucet Market Forecasts and Analysis - By Design
11.5.4 South and Central America Faucet Market Forecasts and Analysis - By Material Used
11.5.5 South and Central America Faucet Market Forecasts and Analysis - By Application
11.5.6 South and Central America Faucet Market Forecasts and Analysis - By Sales Channel
11.5.7 South and Central America Faucet Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Faucet Market
11.5.7.1.1 Brazil Faucet Market by Design
11.5.7.1.2 Brazil Faucet Market by Material Used
11.5.7.1.3 Brazil Faucet Market by Application
11.5.7.1.4 Brazil Faucet Market by Sales Channel
11.5.7.2 Argentina Faucet Market
11.5.7.2.1 Argentina Faucet Market by Design
11.5.7.2.2 Argentina Faucet Market by Material Used
11.5.7.2.3 Argentina Faucet Market by Application
11.5.7.2.4 Argentina Faucet Market by Sales Channel
11.5.7.3 Rest of South and Central America Faucet Market
11.5.7.3.1 Rest of South and Central America Faucet Market by Design
11.5.7.3.2 Rest of South and Central America Faucet Market by Material Used
11.5.7.3.3 Rest of South and Central America Faucet Market by Application
11.5.7.3.4 Rest of South and Central America Faucet Market by Sales Channel
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. FAUCET MARKET, KEY COMPANY PROFILES
13.1. AMERICAN BATH GROUP
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. DELTA FAUCET COMPANY
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. GERBER PLUMBING FIXTURES LLC
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. GROHE AMERICA INC
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. KOHLER COMPANY
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. LIXIL GROUP CORPORATION
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. MASCO CORPORATION
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. PROFLO
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. ROCA SANITARIO S.A
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. TOTO LTD
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1. American Bath Group2. DELTA FAUCET COMPANY3. Gerber Plumbing Fixtures LLC4. GROHE AMERICA INC5. Kohler Company6. LIXIL Group Corporation7. Masco Corporation8. PROFLO9. Roca Sanitario S.A10. TOTO 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.
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