Geotextiles Market Size and CAGR by 2031
The Geotextiles Market is expected to register a CAGR of 6% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The geotextiles market report is segmented by type (woven, non-woven, and knitted). The market is segmented based on the material [synthetic (polyester, polyethylene, polypropylene, others) and natural (jute, coir, others)]. The market is segmented based on the application (road construction and pavement, erosion, drainage, agriculture, railwork, and others). The global analysis is further broken down at the regional level and major countries. The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis, segments, regions, and countries. The report covers market trends, as well as market dynamics such as drivers, restraints, and key opportunities. The report also covers industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the market.
Purpose of the ReportThe report Geotextiles Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Geotextiles Market Segmentation
Type- Woven
- Non-Woven
- Knitted
- Road Construction and Pavement
- Erosion
- Drainage
- Agriculture
- Railwork
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Geotextiles Market Growth Drivers- Urban Development and Infrastructure Expansion: Urban development and the necessity for infrastructural expansion are among the factors propelling the demand for geotextiles. Most governments and private sectors are putting strict measures and investing heavily in transportation networks, roads, bridges and railways, which opt for efficient soil stabilization and erosion control measures. In civil engineering works, geotextiles are widely consumed in order to increase the lifespan and strength of such structures and therefore, their usage rate has been in a constant upward trend.
- Rising Environmental Awareness: With the modern age, the level of consciousness environmental issues generate on various subjects is on the rise. Hence the, industries are going to use more usage of sustainable practices. Geosynthetics are environmentally friendly materials used in construction for the control of erosion sedimentation and in the establishment of vegetation. Their unique capability enhances market growth because it reduces adverse effects, cleans soils, and increases the reclamation of farmlands.
- Geotextiles' Role in Agriculture: The agricultural sector is the other major factor that influences the growth of the geotextiles market. Geotextiles are employed in agriculture for purposes such as soil separation and, drainage, and weed prevention, which are advantageous in crop production as well as land use. Given the present trends on acceptable farming practices, farmers are now investing in such materials - geotextiles - in order to achieve maximum production and sustainability of farming in the geographies where they operate.
- Technological Advancements: The geotextiles market is actively seeing technological advancements with the invention of intelligent geotextiles that incorporate sensors among other innovations. Such materials can detect soil, moisture, and even structural health in real-time, assisting building and farming practices with data that can enhance decision-making. This is projected to improve the performance of geotextiles in terms of their design and application.
- Growing Demand for Biodegradable Geotextiles: There is a growing market for biodegradable geotextiles as a result of prevailing environmental laws and market trends towards the use of eco-friendly materials. These materials facilitate effective erosion control but have a higher advantage in that they will self-degrade after a certain period and hence have a less negative effect on the environment. The upward demand for biopreparations is one of the trends that this market is likely to witness in the future, considering the increasing competition among firms looking for alternative strategies.
- Geotextiles Market Expansion in Developing Regions: The geotextiles market is set to experience rapid enhancement in most developed and developing nations as politicians in developing countries embark on investing in infrastructure and urbanization. The use of geotextile products in regional infrastructure development and agricultural uses in markets like Asia-Pacific and Africa is therefore creating a new demand appealing to new product innovations.
- Renewable Energy Projects Drive Demand for Specialized Geotextiles: The development of renewable energy resources like a solar plant and a wind farm is a great potential for the geotextiles market. In this case, such projects are likely to require geotextiles to solve issues of soil stabilization, erosion control, and site management, thus creating a need for specialized geotextile products.
- New Applications and Innovation Opportunities: Advanced geotextiles with advanced characteristics such as improved tensile strength, UV protection, and thermal resistance can be a source of innovation for the companies. Provided that there are willing customers, product applications such as coastal defenses and landfill closures, for instance, may help attract customers and justify the development of targeted products.
- Vertical Integration and Strategic Partnership: The geotextile industry can benefit from vertical integration between the geotextile producers, construction and environmental agencies - all in the same manner contributing to the market. Partnerships help in knowledge transfer and improve the product portfolio of the company, making it possible for the business to increase its range and enhance welfarism in the different sectors.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Geotextiles Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Geotextiles Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The expansion in emerging markets is expected to be the key market trends.
Based on geography, Asia Pacific held the largest share of the geotextiles market due to its growing construction and agriculture industry.
Based on material, the natural segment is expected to witness the fastest growth during the forecast period.
The increasing infrastructure development is driving the market growth.
MBCC Group, Fibertex Nonwovens A/S, TenCate Geosynthetics, AGRU AMERICA INC, Global Synthetics, TYPAR, Propex Operating Company LLC., Naue GmbH and Co. KG, WINFAB, and Don and Low Ltd. are the key players operating in the geotextiles market.
The Geotextiles Market is estimated to witness a CAGR of 6% from 2023 to 2031
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Geotextiles Market - By Product
1.3.2Geotextiles Market - By Material
1.3.3Geotextiles Market - By Application
1.3.4Geotextiles Market - By Region
1.3.4.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.GEOTEXTILES MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.EXPERT OPINIONS
5.GEOTEXTILES 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.GEOTEXTILES MARKET - GLOBAL MARKET ANALYSIS
6.1.GEOTEXTILES - GLOBAL MARKET OVERVIEW
6.2.GEOTEXTILES - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.GEOTEXTILES MARKET - REVENUE AND FORECASTS TO 2028 " PRODUCT
7.1.OVERVIEW
7.2.PRODUCT MARKET FORECASTS AND ANALYSIS
7.3.NON-WOVEN
7.3.1.Overview
7.3.2.Non-woven Market Forecast and Analysis
7.4.WOVEN
7.4.1.Overview
7.4.2.Woven Market Forecast and Analysis
7.5.OTHERS
7.5.1.Overview
7.5.2.Others Market Forecast and Analysis
8.GEOTEXTILES MARKET - REVENUE AND FORECASTS TO 2028 " MATERIAL
8.1.OVERVIEW
8.2.MATERIAL MARKET FORECASTS AND ANALYSIS
8.3.POLYPROPYLENE
8.3.1.Overview
8.3.2.Polypropylene Market Forecast and Analysis
8.4.POLYESTER
8.4.1.Overview
8.4.2.Polyester Market Forecast and Analysis
8.5.POLYETHYLENE
8.5.1.Overview
8.5.2.Polyethylene Market Forecast and Analysis
8.6.OTHERS
8.6.1.Overview
8.6.2.Others Market Forecast and Analysis
9.GEOTEXTILES MARKET - REVENUE AND FORECASTS TO 2028 " APPLICATION
9.1.OVERVIEW
9.2.APPLICATION MARKET FORECASTS AND ANALYSIS
9.3.ROAD CONSTRUCTION
9.3.1.Overview
9.3.2.Road Construction Market Forecast and Analysis
9.4.EROSION PREVENTION
9.4.1.Overview
9.4.2.Erosion Prevention Market Forecast and Analysis
9.5.DRAINAGE
9.5.1.Overview
9.5.2.Drainage Market Forecast and Analysis
9.6.OTHERS
9.6.1.Overview
9.6.2.Others Market Forecast and Analysis
10.GEOTEXTILES MARKET REVENUE AND FORECASTS TO 2028 " GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America Geotextiles Market Overview
10.1.2North America Geotextiles Market Forecasts and Analysis
10.1.3North America Geotextiles Market Forecasts and Analysis - By Product
10.1.4North America Geotextiles Market Forecasts and Analysis - By Material
10.1.5North America Geotextiles Market Forecasts and Analysis - By Application
10.1.6North America Geotextiles Market Forecasts and Analysis - By Countries
10.1.6.1United States Geotextiles Market
10.1.6.1.1United States Geotextiles Market by Product
10.1.6.1.2United States Geotextiles Market by Material
10.1.6.1.3United States Geotextiles Market by Application
10.1.6.2Canada Geotextiles Market
10.1.6.2.1Canada Geotextiles Market by Product
10.1.6.2.2Canada Geotextiles Market by Material
10.1.6.2.3Canada Geotextiles Market by Application
10.1.6.3Mexico Geotextiles Market
10.1.6.3.1Mexico Geotextiles Market by Product
10.1.6.3.2Mexico Geotextiles Market by Material
10.1.6.3.3Mexico Geotextiles Market by Application
10.2.EUROPE
10.2.1Europe Geotextiles Market Overview
10.2.2Europe Geotextiles Market Forecasts and Analysis
10.2.3Europe Geotextiles Market Forecasts and Analysis - By Product
10.2.4Europe Geotextiles Market Forecasts and Analysis - By Material
10.2.5Europe Geotextiles Market Forecasts and Analysis - By Application
10.2.6Europe Geotextiles Market Forecasts and Analysis - By Countries
10.2.6.1Germany Geotextiles Market
10.2.6.1.1Germany Geotextiles Market by Product
10.2.6.1.2Germany Geotextiles Market by Material
10.2.6.1.3Germany Geotextiles Market by Application
10.2.6.2France Geotextiles Market
10.2.6.2.1France Geotextiles Market by Product
10.2.6.2.2France Geotextiles Market by Material
10.2.6.2.3France Geotextiles Market by Application
10.2.6.3Italy Geotextiles Market
10.2.6.3.1Italy Geotextiles Market by Product
10.2.6.3.2Italy Geotextiles Market by Material
10.2.6.3.3Italy Geotextiles Market by Application
10.2.6.4United Kingdom Geotextiles Market
10.2.6.4.1United Kingdom Geotextiles Market by Product
10.2.6.4.2United Kingdom Geotextiles Market by Material
10.2.6.4.3United Kingdom Geotextiles Market by Application
10.2.6.5Russia Geotextiles Market
10.2.6.5.1Russia Geotextiles Market by Product
10.2.6.5.2Russia Geotextiles Market by Material
10.2.6.5.3Russia Geotextiles Market by Application
10.2.6.6Rest of Europe Geotextiles Market
10.2.6.6.1Rest of Europe Geotextiles Market by Product
10.2.6.6.2Rest of Europe Geotextiles Market by Material
10.2.6.6.3Rest of Europe Geotextiles Market by Application
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific Geotextiles Market Overview
10.3.2Asia-Pacific Geotextiles Market Forecasts and Analysis
10.3.3Asia-Pacific Geotextiles Market Forecasts and Analysis - By Product
10.3.4Asia-Pacific Geotextiles Market Forecasts and Analysis - By Material
10.3.5Asia-Pacific Geotextiles Market Forecasts and Analysis - By Application
10.3.6Asia-Pacific Geotextiles Market Forecasts and Analysis - By Countries
10.3.6.1Australia Geotextiles Market
10.3.6.1.1Australia Geotextiles Market by Product
10.3.6.1.2Australia Geotextiles Market by Material
10.3.6.1.3Australia Geotextiles Market by Application
10.3.6.2China Geotextiles Market
10.3.6.2.1China Geotextiles Market by Product
10.3.6.2.2China Geotextiles Market by Material
10.3.6.2.3China Geotextiles Market by Application
10.3.6.3India Geotextiles Market
10.3.6.3.1India Geotextiles Market by Product
10.3.6.3.2India Geotextiles Market by Material
10.3.6.3.3India Geotextiles Market by Application
10.3.6.4Japan Geotextiles Market
10.3.6.4.1Japan Geotextiles Market by Product
10.3.6.4.2Japan Geotextiles Market by Material
10.3.6.4.3Japan Geotextiles Market by Application
10.3.6.5South Korea Geotextiles Market
10.3.6.5.1South Korea Geotextiles Market by Product
10.3.6.5.2South Korea Geotextiles Market by Material
10.3.6.5.3South Korea Geotextiles Market by Application
10.3.6.6Rest of Asia-Pacific Geotextiles Market
10.3.6.6.1Rest of Asia-Pacific Geotextiles Market by Product
10.3.6.6.2Rest of Asia-Pacific Geotextiles Market by Material
10.3.6.6.3Rest of Asia-Pacific Geotextiles Market by Application
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa Geotextiles Market Overview
10.4.2Middle East and Africa Geotextiles Market Forecasts and Analysis
10.4.3Middle East and Africa Geotextiles Market Forecasts and Analysis - By Product
10.4.4Middle East and Africa Geotextiles Market Forecasts and Analysis - By Material
10.4.5Middle East and Africa Geotextiles Market Forecasts and Analysis - By Application
10.4.6Middle East and Africa Geotextiles Market Forecasts and Analysis - By Countries
10.4.6.1South Africa Geotextiles Market
10.4.6.1.1South Africa Geotextiles Market by Product
10.4.6.1.2South Africa Geotextiles Market by Material
10.4.6.1.3South Africa Geotextiles Market by Application
10.4.6.2Saudi Arabia Geotextiles Market
10.4.6.2.1Saudi Arabia Geotextiles Market by Product
10.4.6.2.2Saudi Arabia Geotextiles Market by Material
10.4.6.2.3Saudi Arabia Geotextiles Market by Application
10.4.6.3U.A.E Geotextiles Market
10.4.6.3.1U.A.E Geotextiles Market by Product
10.4.6.3.2U.A.E Geotextiles Market by Material
10.4.6.3.3U.A.E Geotextiles Market by Application
10.4.6.4Rest of Middle East and Africa Geotextiles Market
10.4.6.4.1Rest of Middle East and Africa Geotextiles Market by Product
10.4.6.4.2Rest of Middle East and Africa Geotextiles Market by Material
10.4.6.4.3Rest of Middle East and Africa Geotextiles Market by Application
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America Geotextiles Market Overview
10.5.2South and Central America Geotextiles Market Forecasts and Analysis
10.5.3South and Central America Geotextiles Market Forecasts and Analysis - By Product
10.5.4South and Central America Geotextiles Market Forecasts and Analysis - By Material
10.5.5South and Central America Geotextiles Market Forecasts and Analysis - By Application
10.5.6South and Central America Geotextiles Market Forecasts and Analysis - By Countries
10.5.6.1Brazil Geotextiles Market
10.5.6.1.1Brazil Geotextiles Market by Product
10.5.6.1.2Brazil Geotextiles Market by Material
10.5.6.1.3Brazil Geotextiles Market by Application
10.5.6.2Argentina Geotextiles Market
10.5.6.2.1Argentina Geotextiles Market by Product
10.5.6.2.2Argentina Geotextiles Market by Material
10.5.6.2.3Argentina Geotextiles Market by Application
10.5.6.3Rest of South and Central America Geotextiles Market
10.5.6.3.1Rest of South and Central America Geotextiles Market by Product
10.5.6.3.2Rest of South and Central America Geotextiles Market by Material
10.5.6.3.3Rest of South and Central America Geotextiles Market by Application
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.GEOTEXTILES MARKET, KEY COMPANY PROFILES
12.1.AGRU AMERICA, INC.
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.FIBERTEX NONWOVENS A/S
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.GSE ENVIRONMENTAL
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.HUESKAR
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.KONINKLIJKE TEN CATE BV
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.LOW AND BONAR
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.MADA NONWOVENS
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.NAUE GMBH AND CO. KG
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.PROPEX OPERATING COMPANY, LLC.
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.THRACE GROUP
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. AGRU America, Inc.
2. Fibertex Nonwovens A/S
3. GSE Environmental
4. Hueskar
5. Koninklijke Ten Cate bv
6. Low and Bonar
7. Mada Nonwovens
8. NAUE GmbH and Co. KG
9. Propex Operating Company, LLC.
10. Thrace Group
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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