Home Aquarium Market Key Players Analysis 2031
Aquariums are vivarium of different sizes, having at least one transparent side, for keeping and displaying aquatic plants or animals. They can be used as beautiful focal point in any room or at gathering places in the home providing fun and recreation to the entire family. Moreover, they can be used for educational and learning purposes for kids. In addition, they can be used to boost morale, relax and refocus, thus finding application even in banks, departmental stores, movie theatres and libraries. There are several therapeutic values of an aquarium as it lowers blood pressure, reduces stress and has a calming effect on people.
MARKET DYNAMICS
Fishkeeping is becoming a popular hobby concerned with keeping fish in a home aquarium or garden pond, leading to a rise in demand for home aquariums. The demand for home aquariums is further increasing owing to different hobby and foster awareness initiatives taken by numerous fish clubs and societies worldwide. Technological advancements in aquarium design and equipment efficiency is further driving the growth of the global home aquarium market. Furthermore, the development of the market of ornamental water-dwelling animals and the increasing customer awareness of health benefits associated with aquariums is bolstering the growth of the home aquarium market. However, concerns related to preservation of natural aquatic populations and impact on marine ecosystem are hindering the growth of the key players in the global home aquarium market.
MARKET SCOPE
The "Global Home Aquarium Market Analysis to 2031" is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the Home Aquarium market with detailed market segmentation by product type, material, distribution channel. The global Home Aquarium market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Home Aquarium market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global home aquarium market product type, material, distribution channel. By product type, the Home Aquarium market is classified into Coldwater Aquariums, Freshwater Tropical Aquariums, Marine Aquariums, Brackish Aquarium, Others. By material, the Home Aquarium market is classified into Acrylic, Glass. By Distribution Channel, the market is segmented into Specialty Stores, Online Retail, 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 Home Aquarium market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The Home Aquarium 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 Home Aquarium market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. 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 Home Aquarium 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 Home Aquarium market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The Home Aquarium 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 Home Aquarium market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. 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 Home Aquarium market in these regions.
MARKET PLAYERS
The report covers vital developments in the Home Aquarium 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 partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the Home Aquarium market are anticipated to lucrative growth opportunities in the future with the rising demand for Home Aquarium in the global market. below mentioned is the list of few companies engaged in the Home Aquarium market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Home Aquarium market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.
- Aquamerik, Inc.
- Rock'n Crab Aquatics LLC
- EHEIM GmbH & Co. KG
- Industries Hagen Ltee
- Aqueon
- Titan Aquatic Exhibits
- Aquael
- Aqua Design Amano Co., Ltd.
- Infinity Aquarium Design
- Sanderia Group 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 Home Aquarium Market - By Product Type
1.3.2 Home Aquarium Market - By Material
1.3.3 Home Aquarium Market - By Distribution Channel
1.3.4 Home Aquarium Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. HOME AQUARIUM MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. HOME AQUARIUM 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. HOME AQUARIUM MARKET - GLOBAL MARKET ANALYSIS
6.1. HOME AQUARIUM - GLOBAL MARKET OVERVIEW
6.2. HOME AQUARIUM - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. HOME AQUARIUM MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. COLDWATER AQUARIUMS
7.3.1. Overview
7.3.2. Coldwater Aquariums Market Forecast and Analysis
7.4. FRESHWATER TROPICAL AQUARIUMS
7.4.1. Overview
7.4.2. Freshwater Tropical Aquariums Market Forecast and Analysis
7.5. MARINE AQUARIUMS
7.5.1. Overview
7.5.2. Marine Aquariums Market Forecast and Analysis
7.6. BRACKISH AQUARIUM
7.6.1. Overview
7.6.2. Brackish Aquarium Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. HOME AQUARIUM MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL
8.1. OVERVIEW
8.2. MATERIAL MARKET FORECASTS AND ANALYSIS
8.3. ACRYLIC
8.3.1. Overview
8.3.2. Acrylic Market Forecast and Analysis
8.4. GLASS
8.4.1. Overview
8.4.2. Glass Market Forecast and Analysis
9. HOME AQUARIUM MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
9.1. OVERVIEW
9.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
9.3. SPECIALTY STORES
9.3.1. Overview
9.3.2. Specialty Stores Market Forecast and Analysis
9.4. ONLINE RETAIL
9.4.1. Overview
9.4.2. Online Retail Market Forecast and Analysis
9.5. OTHERS
9.5.1. Overview
9.5.2. Others Market Forecast and Analysis
10. HOME AQUARIUM MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Home Aquarium Market Overview
10.1.2 North America Home Aquarium Market Forecasts and Analysis
10.1.3 North America Home Aquarium Market Forecasts and Analysis - By Product Type
10.1.4 North America Home Aquarium Market Forecasts and Analysis - By Material
10.1.5 North America Home Aquarium Market Forecasts and Analysis - By Distribution Channel
10.1.6 North America Home Aquarium Market Forecasts and Analysis - By Countries
10.1.6.1 Canada Home Aquarium Market
10.1.6.1.1 Canada Home Aquarium Market by Product Type
10.1.6.1.2 Canada Home Aquarium Market by Material
10.1.6.1.3 Canada Home Aquarium Market by Distribution Channel
10.1.6.2 Mexico Home Aquarium Market
10.1.6.2.1 Mexico Home Aquarium Market by Product Type
10.1.6.2.2 Mexico Home Aquarium Market by Material
10.1.6.2.3 Mexico Home Aquarium Market by Distribution Channel
10.1.6.3 US Home Aquarium Market
10.1.6.3.1 US Home Aquarium Market by Product Type
10.1.6.3.2 US Home Aquarium Market by Material
10.1.6.3.3 US Home Aquarium Market by Distribution Channel
10.2. EUROPE
10.2.1 Europe Home Aquarium Market Overview
10.2.2 Europe Home Aquarium Market Forecasts and Analysis
10.2.3 Europe Home Aquarium Market Forecasts and Analysis - By Product Type
10.2.4 Europe Home Aquarium Market Forecasts and Analysis - By Material
10.2.5 Europe Home Aquarium Market Forecasts and Analysis - By Distribution Channel
10.2.6 Europe Home Aquarium Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Home Aquarium Market
10.2.6.1.1 Germany Home Aquarium Market by Product Type
10.2.6.1.2 Germany Home Aquarium Market by Material
10.2.6.1.3 Germany Home Aquarium Market by Distribution Channel
10.2.6.2 France Home Aquarium Market
10.2.6.2.1 France Home Aquarium Market by Product Type
10.2.6.2.2 France Home Aquarium Market by Material
10.2.6.2.3 France Home Aquarium Market by Distribution Channel
10.2.6.3 Italy Home Aquarium Market
10.2.6.3.1 Italy Home Aquarium Market by Product Type
10.2.6.3.2 Italy Home Aquarium Market by Material
10.2.6.3.3 Italy Home Aquarium Market by Distribution Channel
10.2.6.4 United Kingdom Home Aquarium Market
10.2.6.4.1 United Kingdom Home Aquarium Market by Product Type
10.2.6.4.2 United Kingdom Home Aquarium Market by Material
10.2.6.4.3 United Kingdom Home Aquarium Market by Distribution Channel
10.2.6.5 Russia Home Aquarium Market
10.2.6.5.1 Russia Home Aquarium Market by Product Type
10.2.6.5.2 Russia Home Aquarium Market by Material
10.2.6.5.3 Russia Home Aquarium Market by Distribution Channel
10.2.6.6 Rest of Europe Home Aquarium Market
10.2.6.6.1 Rest of Europe Home Aquarium Market by Product Type
10.2.6.6.2 Rest of Europe Home Aquarium Market by Material
10.2.6.6.3 Rest of Europe Home Aquarium Market by Distribution Channel
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Home Aquarium Market Overview
10.3.2 Asia-Pacific Home Aquarium Market Forecasts and Analysis
10.3.3 Asia-Pacific Home Aquarium Market Forecasts and Analysis - By Product Type
10.3.4 Asia-Pacific Home Aquarium Market Forecasts and Analysis - By Material
10.3.5 Asia-Pacific Home Aquarium Market Forecasts and Analysis - By Distribution Channel
10.3.6 Asia-Pacific Home Aquarium Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Home Aquarium Market
10.3.6.1.1 Australia Home Aquarium Market by Product Type
10.3.6.1.2 Australia Home Aquarium Market by Material
10.3.6.1.3 Australia Home Aquarium Market by Distribution Channel
10.3.6.2 China Home Aquarium Market
10.3.6.2.1 China Home Aquarium Market by Product Type
10.3.6.2.2 China Home Aquarium Market by Material
10.3.6.2.3 China Home Aquarium Market by Distribution Channel
10.3.6.3 India Home Aquarium Market
10.3.6.3.1 India Home Aquarium Market by Product Type
10.3.6.3.2 India Home Aquarium Market by Material
10.3.6.3.3 India Home Aquarium Market by Distribution Channel
10.3.6.4 Japan Home Aquarium Market
10.3.6.4.1 Japan Home Aquarium Market by Product Type
10.3.6.4.2 Japan Home Aquarium Market by Material
10.3.6.4.3 Japan Home Aquarium Market by Distribution Channel
10.3.6.5 South Korea Home Aquarium Market
10.3.6.5.1 South Korea Home Aquarium Market by Product Type
10.3.6.5.2 South Korea Home Aquarium Market by Material
10.3.6.5.3 South Korea Home Aquarium Market by Distribution Channel
10.3.6.6 Rest of Asia-Pacific Home Aquarium Market
10.3.6.6.1 Rest of Asia-Pacific Home Aquarium Market by Product Type
10.3.6.6.2 Rest of Asia-Pacific Home Aquarium Market by Material
10.3.6.6.3 Rest of Asia-Pacific Home Aquarium Market by Distribution Channel
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Home Aquarium Market Overview
10.4.2 Middle East and Africa Home Aquarium Market Forecasts and Analysis
10.4.3 Middle East and Africa Home Aquarium Market Forecasts and Analysis - By Product Type
10.4.4 Middle East and Africa Home Aquarium Market Forecasts and Analysis - By Material
10.4.5 Middle East and Africa Home Aquarium Market Forecasts and Analysis - By Distribution Channel
10.4.6 Middle East and Africa Home Aquarium Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Home Aquarium Market
10.4.6.1.1 South Africa Home Aquarium Market by Product Type
10.4.6.1.2 South Africa Home Aquarium Market by Material
10.4.6.1.3 South Africa Home Aquarium Market by Distribution Channel
10.4.6.2 Saudi Arabia Home Aquarium Market
10.4.6.2.1 Saudi Arabia Home Aquarium Market by Product Type
10.4.6.2.2 Saudi Arabia Home Aquarium Market by Material
10.4.6.2.3 Saudi Arabia Home Aquarium Market by Distribution Channel
10.4.6.3 U.A.E Home Aquarium Market
10.4.6.3.1 U.A.E Home Aquarium Market by Product Type
10.4.6.3.2 U.A.E Home Aquarium Market by Material
10.4.6.3.3 U.A.E Home Aquarium Market by Distribution Channel
10.4.6.4 Rest of Middle East and Africa Home Aquarium Market
10.4.6.4.1 Rest of Middle East and Africa Home Aquarium Market by Product Type
10.4.6.4.2 Rest of Middle East and Africa Home Aquarium Market by Material
10.4.6.4.3 Rest of Middle East and Africa Home Aquarium Market by Distribution Channel
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Home Aquarium Market Overview
10.5.2 South and Central America Home Aquarium Market Forecasts and Analysis
10.5.3 South and Central America Home Aquarium Market Forecasts and Analysis - By Product Type
10.5.4 South and Central America Home Aquarium Market Forecasts and Analysis - By Material
10.5.5 South and Central America Home Aquarium Market Forecasts and Analysis - By Distribution Channel
10.5.6 South and Central America Home Aquarium Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Home Aquarium Market
10.5.6.1.1 Brazil Home Aquarium Market by Product Type
10.5.6.1.2 Brazil Home Aquarium Market by Material
10.5.6.1.3 Brazil Home Aquarium Market by Distribution Channel
10.5.6.2 Argentina Home Aquarium Market
10.5.6.2.1 Argentina Home Aquarium Market by Product Type
10.5.6.2.2 Argentina Home Aquarium Market by Material
10.5.6.2.3 Argentina Home Aquarium Market by Distribution Channel
10.5.6.3 Rest of South and Central America Home Aquarium Market
10.5.6.3.1 Rest of South and Central America Home Aquarium Market by Product Type
10.5.6.3.2 Rest of South and Central America Home Aquarium Market by Material
10.5.6.3.3 Rest of South and Central America Home Aquarium Market by Distribution Channel
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. HOME AQUARIUM MARKET, KEY COMPANY PROFILES
12.1. AQUAMERIK, 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. ROCK'N CRAB AQUATICS LLC
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. EHEIM GMBH + CO. KG
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. INDUSTRIES HAGEN LTE.
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. AQUEON
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. TITAN AQUATIC EXHIBITS
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. AQUAEL
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. AQUA DESIGN AMANO CO., LTD.
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. INFINITY AQUARIUM DESIGN
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. SANDERIA GROUP LTD.
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. Aquamerik, Inc.
2. Rock'n Crab Aquatics LLC
3. EHEIM GmbH + Co. KG
4. Industries Hagen Lte.
5. Aqueon
6. Titan Aquatic Exhibits
7. Aquael
8. Aqua Design Amano Co., Ltd.
9. Infinity Aquarium Design
10. Sanderia Group 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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