Flat Steel Market Developments by 2031
Flat steel is steel products manufactured by hot rolling or cold rolling processes. Some of the commonly manufactured and used flat steel products include steel sheets, plates, tin plates, rolled coils, flat bars, electrical sheets, etc. Flat steel is produced by passing the steel ingot through rollers. The steel billet is rolled into a flat shape when it is fed through rollers rotating in the opposite direction. Flat steel products are a precursor to manufacture a number of value-added products in the manufacturing sector.
MARKET DYNAMICS
Rapid industrialization and the emergence of new industries in the developing regions of the world have given an impetus to the demand for flat steel products. Flat steel is an essential raw material in a number of industries. The heavy dependence of flat steel by the manufacturing sector is predicted to be a major factor behind the growth of the flat steel market. The uses of flat steel in manufacturing cookware such as cookers, pots, sinks, and grills are expected to propel the flat steel market. The widespread use of flat steel in the construction of railway tracks, bridges, roads, buildings, and other infrastructure is anticipated to augment the demand for flat steel. Flat steel offers benefits such as design flexibility, superior strength, high durability, and low cost. These attributes of flat steel are likely to attract significant consumer demand in the future. The increase in government expenditure on developing infrastructure and booming manufacturing sector is expected to create lucrative opportunities for flat steel manufacturers in the forecast period.
MARKET SCOPE
The "Global Flat Steel Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the flat steel market with detailed market segmentation by process, product, end-use, and geography. The global flat steel market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading flat steel market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global flat steel market is segmented on the basis of process, product, and end-use. On the basis of process, the flat steel market is segmented into, basic oxygen furnace and electric arc furnace. On the basis of product, the market is bifurcated into, hot rolled flat sheets, hot rolled coils, electrical sheet & strip, metallic coated sheet & strip, non-metallic coated sheet & strip, tin plates, and others. Based on end-use, the global flat steel market is segmented into, building & infrastructure, automotive & transportation, mechanical equipment, electrical appliances, agriculture equipment, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global flat steel market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The flat steel market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the flat steel market from both demand and supply side and further evaluates market dynamics affecting 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 America after evaluating political, economic, social and technological factors affecting the flat steel market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global flat steel market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The flat steel market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the flat steel market from both demand and supply side and further evaluates market dynamics affecting 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 America after evaluating political, economic, social and technological factors affecting the flat steel market in these regions.
MARKET PLAYERS
The reports cover key developments in the flat steel 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 the expansion of business and customer base of market players. The market payers from flat steel market are anticipated to lucrative growth opportunities in the future with the rising demand for flat steel in the global market. Below mentioned is the list of few companies engaged in the flat steel market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the flat steel market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Ansteel Group Corporation Limited
- ArcelorMittal S.A.
- China Baowu Steel Group Corporation Limited
- Gerdau S.A.
- JFE Steel Corporation
- Nippon Steel & Sumitomo Metal Corporation
- POSCO
- Tata Steel
- Thyssenkrupp AG
- United States Steel Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
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 Flat Steel Market - By Process
1.3.2 Flat Steel Market - By Product
1.3.3 Flat Steel Market - By End-Use
1.3.4 Flat Steel Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. FLAT STEEL 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. EXPERT OPINIONS
5. FLAT STEEL 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. FLAT STEEL MARKET - GLOBAL MARKET ANALYSIS
6.1. FLAT STEEL - GLOBAL MARKET OVERVIEW
6.2. FLAT STEEL - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. FLAT STEEL MARKET - REVENUE AND FORECASTS TO 2028 - PROCESS
7.1. OVERVIEW
7.2. PROCESS MARKET FORECASTS AND ANALYSIS
7.3. BASIC OXYGEN FURNACE
7.3.1. Overview
7.3.2. Basic Oxygen Furnace Market Forecast and Analysis
7.4. ELECTRIC ARC FURNACE
7.4.1. Overview
7.4.2. Electric Arc Furnace Market Forecast and Analysis
8. FLAT STEEL MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
8.1. OVERVIEW
8.2. PRODUCT MARKET FORECASTS AND ANALYSIS
8.3. HOT ROLLED FLAT SHEETS
8.3.1. Overview
8.3.2. Hot Rolled Flat Sheets Market Forecast and Analysis
8.4. HOT ROLLED COILS
8.4.1. Overview
8.4.2. Hot Rolled Coils Market Forecast and Analysis
8.5. ELECTRICAL SHEET AND STRIP
8.5.1. Overview
8.5.2. Electrical Sheet and Strip Market Forecast and Analysis
8.6. METALLIC COATED SHEET AND STRIP
8.6.1. Overview
8.6.2. Metallic Coated Sheet and Strip Market Forecast and Analysis
8.7. NON-METALLIC COATED SHEET AND STRIP
8.7.1. Overview
8.7.2. Non-Metallic Coated Sheet and Strip Market Forecast and Analysis
8.8. TIN PLATES
8.8.1. Overview
8.8.2. Tin Plates Market Forecast and Analysis
8.9. OTHERS
8.9.1. Overview
8.9.2. Others Market Forecast and Analysis
9. FLAT STEEL MARKET - REVENUE AND FORECASTS TO 2028 - END-USE
9.1. OVERVIEW
9.2. END-USE MARKET FORECASTS AND ANALYSIS
9.3. BUILDING AND INFRASTRUCTURE
9.3.1. Overview
9.3.2. Building and Infrastructure Market Forecast and Analysis
9.4. AUTOMOTIVE AND TRANSPORTATION
9.4.1. Overview
9.4.2. Automotive and Transportation Market Forecast and Analysis
9.5. MECHANICAL EQUIPMENT
9.5.1. Overview
9.5.2. Mechanical Equipment Market Forecast and Analysis
9.6. ELECTRICAL APPLIANCES
9.6.1. Overview
9.6.2. Electrical Appliances Market Forecast and Analysis
9.7. AGRICULTURE EQUIPMENT
9.7.1. Overview
9.7.2. Agriculture Equipment Market Forecast and Analysis
9.8. OTHERS
9.8.1. Overview
9.8.2. Others Market Forecast and Analysis
10. FLAT STEEL MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Flat Steel Market Overview
10.1.2 North America Flat Steel Market Forecasts and Analysis
10.1.3 North America Flat Steel Market Forecasts and Analysis - By Process
10.1.4 North America Flat Steel Market Forecasts and Analysis - By Product
10.1.5 North America Flat Steel Market Forecasts and Analysis - By End-Use
10.1.6 North America Flat Steel Market Forecasts and Analysis - By Countries
10.1.6.1 United States Flat Steel Market
10.1.6.1.1 United States Flat Steel Market by Process
10.1.6.1.2 United States Flat Steel Market by Product
10.1.6.1.3 United States Flat Steel Market by End-Use
10.1.6.2 Canada Flat Steel Market
10.1.6.2.1 Canada Flat Steel Market by Process
10.1.6.2.2 Canada Flat Steel Market by Product
10.1.6.2.3 Canada Flat Steel Market by End-Use
10.1.6.3 Mexico Flat Steel Market
10.1.6.3.1 Mexico Flat Steel Market by Process
10.1.6.3.2 Mexico Flat Steel Market by Product
10.1.6.3.3 Mexico Flat Steel Market by End-Use
10.2. EUROPE
10.2.1 Europe Flat Steel Market Overview
10.2.2 Europe Flat Steel Market Forecasts and Analysis
10.2.3 Europe Flat Steel Market Forecasts and Analysis - By Process
10.2.4 Europe Flat Steel Market Forecasts and Analysis - By Product
10.2.5 Europe Flat Steel Market Forecasts and Analysis - By End-Use
10.2.6 Europe Flat Steel Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Flat Steel Market
10.2.6.1.1 Germany Flat Steel Market by Process
10.2.6.1.2 Germany Flat Steel Market by Product
10.2.6.1.3 Germany Flat Steel Market by End-Use
10.2.6.2 France Flat Steel Market
10.2.6.2.1 France Flat Steel Market by Process
10.2.6.2.2 France Flat Steel Market by Product
10.2.6.2.3 France Flat Steel Market by End-Use
10.2.6.3 Italy Flat Steel Market
10.2.6.3.1 Italy Flat Steel Market by Process
10.2.6.3.2 Italy Flat Steel Market by Product
10.2.6.3.3 Italy Flat Steel Market by End-Use
10.2.6.4 United Kingdom Flat Steel Market
10.2.6.4.1 United Kingdom Flat Steel Market by Process
10.2.6.4.2 United Kingdom Flat Steel Market by Product
10.2.6.4.3 United Kingdom Flat Steel Market by End-Use
10.2.6.5 Russia Flat Steel Market
10.2.6.5.1 Russia Flat Steel Market by Process
10.2.6.5.2 Russia Flat Steel Market by Product
10.2.6.5.3 Russia Flat Steel Market by End-Use
10.2.6.6 Rest of Europe Flat Steel Market
10.2.6.6.1 Rest of Europe Flat Steel Market by Process
10.2.6.6.2 Rest of Europe Flat Steel Market by Product
10.2.6.6.3 Rest of Europe Flat Steel Market by End-Use
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Flat Steel Market Overview
10.3.2 Asia-Pacific Flat Steel Market Forecasts and Analysis
10.3.3 Asia-Pacific Flat Steel Market Forecasts and Analysis - By Process
10.3.4 Asia-Pacific Flat Steel Market Forecasts and Analysis - By Product
10.3.5 Asia-Pacific Flat Steel Market Forecasts and Analysis - By End-Use
10.3.6 Asia-Pacific Flat Steel Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Flat Steel Market
10.3.6.1.1 Australia Flat Steel Market by Process
10.3.6.1.2 Australia Flat Steel Market by Product
10.3.6.1.3 Australia Flat Steel Market by End-Use
10.3.6.2 China Flat Steel Market
10.3.6.2.1 China Flat Steel Market by Process
10.3.6.2.2 China Flat Steel Market by Product
10.3.6.2.3 China Flat Steel Market by End-Use
10.3.6.3 India Flat Steel Market
10.3.6.3.1 India Flat Steel Market by Process
10.3.6.3.2 India Flat Steel Market by Product
10.3.6.3.3 India Flat Steel Market by End-Use
10.3.6.4 Japan Flat Steel Market
10.3.6.4.1 Japan Flat Steel Market by Process
10.3.6.4.2 Japan Flat Steel Market by Product
10.3.6.4.3 Japan Flat Steel Market by End-Use
10.3.6.5 South Korea Flat Steel Market
10.3.6.5.1 South Korea Flat Steel Market by Process
10.3.6.5.2 South Korea Flat Steel Market by Product
10.3.6.5.3 South Korea Flat Steel Market by End-Use
10.3.6.6 Rest of Asia-Pacific Flat Steel Market
10.3.6.6.1 Rest of Asia-Pacific Flat Steel Market by Process
10.3.6.6.2 Rest of Asia-Pacific Flat Steel Market by Product
10.3.6.6.3 Rest of Asia-Pacific Flat Steel Market by End-Use
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Flat Steel Market Overview
10.4.2 Middle East and Africa Flat Steel Market Forecasts and Analysis
10.4.3 Middle East and Africa Flat Steel Market Forecasts and Analysis - By Process
10.4.4 Middle East and Africa Flat Steel Market Forecasts and Analysis - By Product
10.4.5 Middle East and Africa Flat Steel Market Forecasts and Analysis - By End-Use
10.4.6 Middle East and Africa Flat Steel Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Flat Steel Market
10.4.6.1.1 South Africa Flat Steel Market by Process
10.4.6.1.2 South Africa Flat Steel Market by Product
10.4.6.1.3 South Africa Flat Steel Market by End-Use
10.4.6.2 Saudi Arabia Flat Steel Market
10.4.6.2.1 Saudi Arabia Flat Steel Market by Process
10.4.6.2.2 Saudi Arabia Flat Steel Market by Product
10.4.6.2.3 Saudi Arabia Flat Steel Market by End-Use
10.4.6.3 U.A.E Flat Steel Market
10.4.6.3.1 U.A.E Flat Steel Market by Process
10.4.6.3.2 U.A.E Flat Steel Market by Product
10.4.6.3.3 U.A.E Flat Steel Market by End-Use
10.4.6.4 Rest of Middle East and Africa Flat Steel Market
10.4.6.4.1 Rest of Middle East and Africa Flat Steel Market by Process
10.4.6.4.2 Rest of Middle East and Africa Flat Steel Market by Product
10.4.6.4.3 Rest of Middle East and Africa Flat Steel Market by End-Use
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Flat Steel Market Overview
10.5.2 South and Central America Flat Steel Market Forecasts and Analysis
10.5.3 South and Central America Flat Steel Market Forecasts and Analysis - By Process
10.5.4 South and Central America Flat Steel Market Forecasts and Analysis - By Product
10.5.5 South and Central America Flat Steel Market Forecasts and Analysis - By End-Use
10.5.6 South and Central America Flat Steel Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Flat Steel Market
10.5.6.1.1 Brazil Flat Steel Market by Process
10.5.6.1.2 Brazil Flat Steel Market by Product
10.5.6.1.3 Brazil Flat Steel Market by End-Use
10.5.6.2 Argentina Flat Steel Market
10.5.6.2.1 Argentina Flat Steel Market by Process
10.5.6.2.2 Argentina Flat Steel Market by Product
10.5.6.2.3 Argentina Flat Steel Market by End-Use
10.5.6.3 Rest of South and Central America Flat Steel Market
10.5.6.3.1 Rest of South and Central America Flat Steel Market by Process
10.5.6.3.2 Rest of South and Central America Flat Steel Market by Product
10.5.6.3.3 Rest of South and Central America Flat Steel Market by End-Use
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. FLAT STEEL MARKET, KEY COMPANY PROFILES
12.1. ANSTEEL GROUP CORPORATION LIMITED
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. ARCELORMITTAL S.A.
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. CHINA BAOWU STEEL GROUP CORPORATION LIMITED
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. GERDAU S.A.
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. JFE STEEL CORPORATION
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. NIPPON STEEL AND SUMITOMO METAL CORPORATION
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. POSCO
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. TATA STEEL
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. THYSSENKRUPP AG
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. UNITED STATES STEEL CORPORATION
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. Ansteel Group Corporation Limited
2. ArcelorMittal S.A.
3. China Baowu Steel Group Corporation Limited
4. Gerdau S.A.
5. JFE Steel Corporation
6. Nippon Steel and Sumitomo Metal Corporation
7. POSCO
8. Tata Steel
9. Thyssenkrupp AG
10. United States Steel Corporation
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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