Freight forwarding is the management and forwarding of shipments from origin to the final destination. A variety of modes of transportation can be utilized by a carrier to transfer these shipments, such as air, rail, road, and sea. High demand for low-cost shipping and growing global cross-border shipments are propelling the growth of the freight forwarding market.
MARKET DYNAMICS
Growth in international trade volumes coupled with the rising number of trade agreements, especially in the emerging economies is a key factor driving the freight forwarding market growth. Additionally, the booming e-commerce sector and other integrated services offered by freight forwarders such as packaging, insurance, documentation, and others also influence the growth of the freight forwarding market. Further, the increasing trend of intermodal freight transportation will further boost the freight forwarding market growth in the near future.
MARKET SCOPE
The "Global Freight Forwarding Market Analysis to 2031" is a specialized and in-depth study of the freight forwarding industry with a special focus on the global market trend analysis. The report aims to provide an overview freight forwarding market with detailed market segmentation as of service, mode of transportation, business function, end-user, and geography. The global freight forwarding market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading freight forwarding market players and offers key trends and opportunities in the freight forwarding market.
MARKET SEGMENTATION
The global freight forwarding market is segmented on the basis of service, mode of transportation, business function, end-user. On the basis of service the market is segmented as packaging, documentation, transportation and warehousing, VAS (value-added services). On the basis of mode of transportation the market is segmented as air, sea, road, rail. On the basis of business function the market is segmented as B2C, B2B. On the basis of end-user the market is segmented as manufacturing, retail and FMCG, healthcare, consumer appliances, textile, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Freight forwarding 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 America. The freight forwarding 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 freight forwarding 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 America after evaluating political, economic, social and technological factors effecting the freight forwarding 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 overview and forecast of the global Freight forwarding 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 America. The freight forwarding 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 freight forwarding 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 America after evaluating political, economic, social and technological factors effecting the freight forwarding market in these regions.
MARKET PLAYERS
The reports cover key developments in the freight forwarding 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 players from freight forwarding market are anticipated to lucrative growth opportunities in the future with the rising demand for freight forwarding in the global market. Below mentioned is the list of few companies engaged in the freight forwarding market.
The report also includes the profiles of key freight forwarding 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.
- Bollor© Logistics
- C.H. Robinson Worldwide, Inc.
- CEVA Logistics
- DB Schenker
- DHL International GmbH
- DSV Panalpina A/S
- Expeditors International of Washington, Inc.
- Kuehne + Nagel International AG
- Nippon Express Co., Ltd.
- United Parcel Service of America, Inc.
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
1.3.1Freight Forwarding Market - By Service
1.3.2Freight Forwarding Market - By Mode of Transportation
1.3.3Freight Forwarding Market - By Business Function
1.3.4Freight Forwarding Market - By End-user
1.3.5Freight Forwarding Market - By Region
1.3.5.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.FREIGHT FORWARDING MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PORTER'S FIVE FORCES ANALYSIS
4.2.1Bargaining Power of Buyers
4.2.1Bargaining Power of Suppliers
4.2.1Threat of Substitute
4.2.1Threat of New Entrants
4.2.1Competitive Rivalry
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.FREIGHT FORWARDING MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6.FREIGHT FORWARDING MARKET - GLOBAL MARKET ANALYSIS
6.1.FREIGHT FORWARDING - GLOBAL MARKET OVERVIEW
6.2.FREIGHT FORWARDING - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.FREIGHT FORWARDING MARKET - REVENUE AND FORECASTS TO 2028 - SERVICE
7.1.OVERVIEW
7.2.SERVICE MARKET FORECASTS AND ANALYSIS
7.3.PACKAGING
7.3.1.Overview
7.3.2.Packaging Market Forecast and Analysis
7.4.DOCUMENTATION
7.4.1.Overview
7.4.2.Documentation Market Forecast and Analysis
7.5.TRANSPORTATION AND WAREHOUSING
7.5.1.Overview
7.5.2.Transportation and Warehousing Market Forecast and Analysis
7.6.VAS (VALUE-ADDED SERVICES)
7.6.1.Overview
7.6.2.VAS (Value-added Services) Market Forecast and Analysis
8.FREIGHT FORWARDING MARKET - REVENUE AND FORECASTS TO 2028 - MODE OF TRANSPORTATION
8.1.OVERVIEW
8.2.MODE OF TRANSPORTATION MARKET FORECASTS AND ANALYSIS
8.3.AIR
8.3.1.Overview
8.3.2.Air Market Forecast and Analysis
8.4.SEA
8.4.1.Overview
8.4.2.Sea Market Forecast and Analysis
8.5.ROAD
8.5.1.Overview
8.5.2.Road Market Forecast and Analysis
8.6.RAIL
8.6.1.Overview
8.6.2.Rail Market Forecast and Analysis
9.FREIGHT FORWARDING MARKET - REVENUE AND FORECASTS TO 2028 - BUSINESS FUNCTION
9.1.OVERVIEW
9.2.BUSINESS FUNCTION MARKET FORECASTS AND ANALYSIS
9.3.B2C
9.3.1.Overview
9.3.2.B2C Market Forecast and Analysis
9.4.B2B
9.4.1.Overview
9.4.2.B2B Market Forecast and Analysis
10.FREIGHT FORWARDING MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
10.1.OVERVIEW
10.2.END-USER MARKET FORECASTS AND ANALYSIS
10.3.MANUFACTURING
10.3.1.Overview
10.3.2.Manufacturing Market Forecast and Analysis
10.4.RETAIL AND FMCG
10.4.1.Overview
10.4.2.Retail and FMCG Market Forecast and Analysis
10.5.HEALTHCARE
10.5.1.Overview
10.5.2.Healthcare Market Forecast and Analysis
10.6.CONSUMER APPLIANCES
10.6.1.Overview
10.6.2.Consumer Appliances Market Forecast and Analysis
10.7.TEXTILE
10.7.1.Overview
10.7.2.Textile Market Forecast and Analysis
10.8.OTHERS
10.8.1.Overview
10.8.2.Others Market Forecast and Analysis
11.FREIGHT FORWARDING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1.NORTH AMERICA
11.1.1North America Freight Forwarding Market Overview
11.1.2North America Freight Forwarding Market Forecasts and Analysis
11.1.3North America Freight Forwarding Market Forecasts and Analysis - By Service
11.1.4North America Freight Forwarding Market Forecasts and Analysis - By Mode of Transportation
11.1.5North America Freight Forwarding Market Forecasts and Analysis - By Business Function
11.1.6North America Freight Forwarding Market Forecasts and Analysis - By End-user
11.1.7North America Freight Forwarding Market Forecasts and Analysis - By Countries
11.1.7.1United States Freight Forwarding Market
11.1.7.1.1United States Freight Forwarding Market by Service
11.1.7.1.2United States Freight Forwarding Market by Mode of Transportation
11.1.7.1.3United States Freight Forwarding Market by Business Function
11.1.7.1.4United States Freight Forwarding Market by End-user
11.1.7.2Canada Freight Forwarding Market
11.1.7.2.1Canada Freight Forwarding Market by Service
11.1.7.2.2Canada Freight Forwarding Market by Mode of Transportation
11.1.7.2.3Canada Freight Forwarding Market by Business Function
11.1.7.2.4Canada Freight Forwarding Market by End-user
11.1.7.3Mexico Freight Forwarding Market
11.1.7.3.1Mexico Freight Forwarding Market by Service
11.1.7.3.2Mexico Freight Forwarding Market by Mode of Transportation
11.1.7.3.3Mexico Freight Forwarding Market by Business Function
11.1.7.3.4Mexico Freight Forwarding Market by End-user
11.2.EUROPE
11.2.1Europe Freight Forwarding Market Overview
11.2.2Europe Freight Forwarding Market Forecasts and Analysis
11.2.3Europe Freight Forwarding Market Forecasts and Analysis - By Service
11.2.4Europe Freight Forwarding Market Forecasts and Analysis - By Mode of Transportation
11.2.5Europe Freight Forwarding Market Forecasts and Analysis - By Business Function
11.2.6Europe Freight Forwarding Market Forecasts and Analysis - By End-user
11.2.7Europe Freight Forwarding Market Forecasts and Analysis - By Countries
11.2.7.1Germany Freight Forwarding Market
11.2.7.1.1Germany Freight Forwarding Market by Service
11.2.7.1.2Germany Freight Forwarding Market by Mode of Transportation
11.2.7.1.3Germany Freight Forwarding Market by Business Function
11.2.7.1.4Germany Freight Forwarding Market by End-user
11.2.7.2France Freight Forwarding Market
11.2.7.2.1France Freight Forwarding Market by Service
11.2.7.2.2France Freight Forwarding Market by Mode of Transportation
11.2.7.2.3France Freight Forwarding Market by Business Function
11.2.7.2.4France Freight Forwarding Market by End-user
11.2.7.3Italy Freight Forwarding Market
11.2.7.3.1Italy Freight Forwarding Market by Service
11.2.7.3.2Italy Freight Forwarding Market by Mode of Transportation
11.2.7.3.3Italy Freight Forwarding Market by Business Function
11.2.7.3.4Italy Freight Forwarding Market by End-user
11.2.7.4United Kingdom Freight Forwarding Market
11.2.7.4.1United Kingdom Freight Forwarding Market by Service
11.2.7.4.2United Kingdom Freight Forwarding Market by Mode of Transportation
11.2.7.4.3United Kingdom Freight Forwarding Market by Business Function
11.2.7.4.4United Kingdom Freight Forwarding Market by End-user
11.2.7.5Russia Freight Forwarding Market
11.2.7.5.1Russia Freight Forwarding Market by Service
11.2.7.5.2Russia Freight Forwarding Market by Mode of Transportation
11.2.7.5.3Russia Freight Forwarding Market by Business Function
11.2.7.5.4Russia Freight Forwarding Market by End-user
11.2.7.6Rest of Europe Freight Forwarding Market
11.2.7.6.1Rest of Europe Freight Forwarding Market by Service
11.2.7.6.2Rest of Europe Freight Forwarding Market by Mode of Transportation
11.2.7.6.3Rest of Europe Freight Forwarding Market by Business Function
11.2.7.6.4Rest of Europe Freight Forwarding Market by End-user
11.3.ASIA-PACIFIC
11.3.1Asia-Pacific Freight Forwarding Market Overview
11.3.2Asia-Pacific Freight Forwarding Market Forecasts and Analysis
11.3.3Asia-Pacific Freight Forwarding Market Forecasts and Analysis - By Service
11.3.4Asia-Pacific Freight Forwarding Market Forecasts and Analysis - By Mode of Transportation
11.3.5Asia-Pacific Freight Forwarding Market Forecasts and Analysis - By Business Function
11.3.6Asia-Pacific Freight Forwarding Market Forecasts and Analysis - By End-user
11.3.7Asia-Pacific Freight Forwarding Market Forecasts and Analysis - By Countries
11.3.7.1Australia Freight Forwarding Market
11.3.7.1.1Australia Freight Forwarding Market by Service
11.3.7.1.2Australia Freight Forwarding Market by Mode of Transportation
11.3.7.1.3Australia Freight Forwarding Market by Business Function
11.3.7.1.4Australia Freight Forwarding Market by End-user
11.3.7.2China Freight Forwarding Market
11.3.7.2.1China Freight Forwarding Market by Service
11.3.7.2.2China Freight Forwarding Market by Mode of Transportation
11.3.7.2.3China Freight Forwarding Market by Business Function
11.3.7.2.4China Freight Forwarding Market by End-user
11.3.7.3India Freight Forwarding Market
11.3.7.3.1India Freight Forwarding Market by Service
11.3.7.3.2India Freight Forwarding Market by Mode of Transportation
11.3.7.3.3India Freight Forwarding Market by Business Function
11.3.7.3.4India Freight Forwarding Market by End-user
11.3.7.4Japan Freight Forwarding Market
11.3.7.4.1Japan Freight Forwarding Market by Service
11.3.7.4.2Japan Freight Forwarding Market by Mode of Transportation
11.3.7.4.3Japan Freight Forwarding Market by Business Function
11.3.7.4.4Japan Freight Forwarding Market by End-user
11.3.7.5South Korea Freight Forwarding Market
11.3.7.5.1South Korea Freight Forwarding Market by Service
11.3.7.5.2South Korea Freight Forwarding Market by Mode of Transportation
11.3.7.5.3South Korea Freight Forwarding Market by Business Function
11.3.7.5.4South Korea Freight Forwarding Market by End-user
11.3.7.6Rest of Asia-Pacific Freight Forwarding Market
11.3.7.6.1Rest of Asia-Pacific Freight Forwarding Market by Service
11.3.7.6.2Rest of Asia-Pacific Freight Forwarding Market by Mode of Transportation
11.3.7.6.3Rest of Asia-Pacific Freight Forwarding Market by Business Function
11.3.7.6.4Rest of Asia-Pacific Freight Forwarding Market by End-user
11.4.MIDDLE EAST AND AFRICA
11.4.1Middle East and Africa Freight Forwarding Market Overview
11.4.2Middle East and Africa Freight Forwarding Market Forecasts and Analysis
11.4.3Middle East and Africa Freight Forwarding Market Forecasts and Analysis - By Service
11.4.4Middle East and Africa Freight Forwarding Market Forecasts and Analysis - By Mode of Transportation
11.4.5Middle East and Africa Freight Forwarding Market Forecasts and Analysis - By Business Function
11.4.6Middle East and Africa Freight Forwarding Market Forecasts and Analysis - By End-user
11.4.7Middle East and Africa Freight Forwarding Market Forecasts and Analysis - By Countries
11.4.7.1South Africa Freight Forwarding Market
11.4.7.1.1South Africa Freight Forwarding Market by Service
11.4.7.1.2South Africa Freight Forwarding Market by Mode of Transportation
11.4.7.1.3South Africa Freight Forwarding Market by Business Function
11.4.7.1.4South Africa Freight Forwarding Market by End-user
11.4.7.2Saudi Arabia Freight Forwarding Market
11.4.7.2.1Saudi Arabia Freight Forwarding Market by Service
11.4.7.2.2Saudi Arabia Freight Forwarding Market by Mode of Transportation
11.4.7.2.3Saudi Arabia Freight Forwarding Market by Business Function
11.4.7.2.4Saudi Arabia Freight Forwarding Market by End-user
11.4.7.3U.A.E Freight Forwarding Market
11.4.7.3.1U.A.E Freight Forwarding Market by Service
11.4.7.3.2U.A.E Freight Forwarding Market by Mode of Transportation
11.4.7.3.3U.A.E Freight Forwarding Market by Business Function
11.4.7.3.4U.A.E Freight Forwarding Market by End-user
11.4.7.4Rest of Middle East and Africa Freight Forwarding Market
11.4.7.4.1Rest of Middle East and Africa Freight Forwarding Market by Service
11.4.7.4.2Rest of Middle East and Africa Freight Forwarding Market by Mode of Transportation
11.4.7.4.3Rest of Middle East and Africa Freight Forwarding Market by Business Function
11.4.7.4.4Rest of Middle East and Africa Freight Forwarding Market by End-user
11.5.SOUTH AND CENTRAL AMERICA
11.5.1South and Central America Freight Forwarding Market Overview
11.5.2South and Central America Freight Forwarding Market Forecasts and Analysis
11.5.3South and Central America Freight Forwarding Market Forecasts and Analysis - By Service
11.5.4South and Central America Freight Forwarding Market Forecasts and Analysis - By Mode of Transportation
11.5.5South and Central America Freight Forwarding Market Forecasts and Analysis - By Business Function
11.5.6South and Central America Freight Forwarding Market Forecasts and Analysis - By End-user
11.5.7South and Central America Freight Forwarding Market Forecasts and Analysis - By Countries
11.5.7.1Brazil Freight Forwarding Market
11.5.7.1.1Brazil Freight Forwarding Market by Service
11.5.7.1.2Brazil Freight Forwarding Market by Mode of Transportation
11.5.7.1.3Brazil Freight Forwarding Market by Business Function
11.5.7.1.4Brazil Freight Forwarding Market by End-user
11.5.7.2Argentina Freight Forwarding Market
11.5.7.2.1Argentina Freight Forwarding Market by Service
11.5.7.2.2Argentina Freight Forwarding Market by Mode of Transportation
11.5.7.2.3Argentina Freight Forwarding Market by Business Function
11.5.7.2.4Argentina Freight Forwarding Market by End-user
11.5.7.3Rest of South and Central America Freight Forwarding Market
11.5.7.3.1Rest of South and Central America Freight Forwarding Market by Service
11.5.7.3.2Rest of South and Central America Freight Forwarding Market by Mode of Transportation
11.5.7.3.3Rest of South and Central America Freight Forwarding Market by Business Function
11.5.7.3.4Rest of South and Central America Freight Forwarding Market by End-user
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.FREIGHT FORWARDING MARKET, KEY COMPANY PROFILES
13.1.BOLLORé LOGISTICS
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.C.H. ROBINSON WORLDWIDE, INC.Â
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.CEVA LOGISTICS
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.DB SCHENKER
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.DHL INTERNATIONAL GMBH
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.DSV PANALPINA A/SÂ
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.EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.
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.KUEHNE + NAGEL INTERNATIONAL AG
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.NIPPON EXPRESS CO., LTD.
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.UNITED PARCEL SERVICE OF AMERICA, INC.Â
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. Bollor© Logistics
2. C.H. Robinson Worldwide, Inc.
3. CEVA Logistics
4. DB Schenker
5. DHL International GmbH
6. DSV Panalpina A/S
7. Expeditors International of Washington, Inc.
8. Kuehne + Nagel International AG
9. Nippon Express Co., Ltd.
10. United Parcel Service of America, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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