The Hot-dip Galvanized Steel Market is expected to register a CAGR of 5% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
Hot-dip Galvanized Steel Market covers analysis by End Product (Fasteners, Steel Main Frames, Cable Support System, Hand Rails, Safety Barriers, Others); End-Use Industry (Construction, Automotive, Home Appliances, Others) , and Geography (North America, Europe, Asia Pacific, and South, Middle East and Africa, and Central America). Hot-dip galvanized steel is a galvanized steel produced by the hot dip galvanizing method. In the hot-dip galvanizing method the base metal is immersed or dipped in the liquid bath of molten zinc at a temperature of 449 °C to allow the formation of metallurgical bond between zinc and the steel substrate. Hot-dip galvanized steel produced by this method is less costly.
Purpose of the ReportThe report Hot-dip Galvanized Steel 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.
Hot-dip Galvanized Steel Market Segmentation
End Product- Fasteners
- Steel Main Frames
- Cable Support System
- Hand Rails
- Safety Barriers
- Others
- Construction
- Automotive
- Home Appliances
- Others
Strategic Insights
Hot-dip Galvanized Steel Market Growth Drivers- Rising Construction and Infrastructure: Hot-dip galvanized steel is used chiefly for construction purposes because of its durability and resistance to corrosion. Such infrastructural development worldwide increases the demand for long-lasting products with low maintenance, such as galvanized steel, dominating the market.
- Growing in Automotive Industry: The automotive industry requires hot-dip galvanized steel for body panels as well as other parts because this material possesses excellent strength and resistance towards corrosion. With demand for lightweight and resistance cars in most societies, more automotive manufacturing continues utilizing galvanized steel.
- Environmental Regulations Driving Demand for Hot-Dip Galvanized Steel: Higher environmental standards and regulations on corrosion-resistant materials are boosting the demand of hot-dip galvanized steel. Its resistance to harsh weather and other environmental conditions makes it a preferred choice, which is why its demand continues in various industries.
- Growing Popularity of Hot-Dip Galvanized Steel for Sustainability: With the trend of industries taking a sustainable path, hot-dip galvanized steel's recyclability and long lifespan are increasingly gaining popularity. There is further scope for this material in future trends, as it gets used more and more in construction, automotive, and infrastructure projects because of its eco-friendly properties.
- Technological Innovations Enhancing Hot-Dip Galvanized Steel: Technological innovations in hot-dip galvanizing techniques, such as improvements in coating thickness and uniformity, are expected to enhance the performance and cost-effectiveness of galvanized steel. Thee developments will go towards making more efficient and durable products.
- Renewable Energy Applications: Hot-dip galvanized steel is now increasingly used in renewable energy applications, including wind turbines and solar panel frames, because of its good resistance to corrosion and weathering. This will be driven by the expansion of renewable energy sources to build in the following years.
- Growth in Emerging Markets: Growth will also come from infrastructure expansion in emerging markets such as India, Brazil, and Southeast Asia. The demand for hot-dip galvanized steel, which is an excellent example of durable and cost-effective material, is poised for great growth potential in Thee regions.
- High Demand in Consumer Goods and Appliances: Hot-dip galvanized steel has applications in consumer goods, including home appliances, furniture, and kitchenware in addition to construction and automotive. As demand for products in Thee sectors increases, the demand for galvanized steel products also grows.
- Government Investments Driving Demand for Hot-Dip Galvanized Steel: Governments across the globe are investing in the modernization of infrastructure, which includes bridges, rails, and utilities. Being corrosion-resistant in nature, hot-dip galvanized steel is the preferred choice for such application. This gives it the very much-needed scope for growth in the market while infrastructures continue to expand.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Hot-dip Galvanized Steel 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 Hot-dip Galvanized Steel 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
Growing focus on sustainability is an emerging trend in the market.
The construction end use industry segment accounted for the largest market share in 2023
The Asia Pacific market is expected to account for the highest CAGR during the forecast period owing to the growing construction industry in the region.
Growth in the construction industry is a key driver in the market
AK Steel Holding Corporation, Ansteel Group, ArcelorMittal S.A., China Baowu Steel Group Corp., Ltd., Gerdau, JFE Steel, Jiangsu Shagang Group Company Limited, Nippon Steel Corporation, POSCO, and Tata Steel are some of the key players in the market.
The Hot-dip Galvanized Steel Market is estimated to witness a CAGR of 5% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Hot-dip Galvanized Steel Market - By End Product
1.3.2 Hot-dip Galvanized Steel Market - By End-Use Industry
1.3.3 Hot-dip Galvanized Steel Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. HOT-DIP GALVANIZED 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. HOT-DIP GALVANIZED 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. HOT-DIP GALVANIZED STEEL MARKET - GLOBAL MARKET ANALYSIS
6.1. HOT-DIP GALVANIZED STEEL - GLOBAL MARKET OVERVIEW
6.2. HOT-DIP GALVANIZED STEEL - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. HOT-DIP GALVANIZED STEEL MARKET - REVENUE AND FORECASTS TO 2028 - END PRODUCT
7.1. OVERVIEW
7.2. END PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. FASTENERS
7.3.1. Overview
7.3.2. Fasteners Market Forecast and Analysis
7.4. STEEL MAIN FRAMES
7.4.1. Overview
7.4.2. Steel Main Frames Market Forecast and Analysis
7.5. CABLE SUPPORT SYSTEM
7.5.1. Overview
7.5.2. Cable Support System Market Forecast and Analysis
7.6. HAND RAILS
7.6.1. Overview
7.6.2. Hand Rails Market Forecast and Analysis
7.7. SAFETY BARRIERS
7.7.1. Overview
7.7.2. Safety Barriers Market Forecast and Analysis
7.8. OTHERS
7.8.1. Overview
7.8.2. Others Market Forecast and Analysis
8. HOT-DIP GALVANIZED STEEL MARKET - REVENUE AND FORECASTS TO 2028 - END-USE INDUSTRY
8.1. OVERVIEW
8.2. END-USE INDUSTRY MARKET FORECASTS AND ANALYSIS
8.3. CONSTRUCTION
8.3.1. Overview
8.3.2. Construction Market Forecast and Analysis
8.4. AUTOMOTIVE
8.4.1. Overview
8.4.2. Automotive Market Forecast and Analysis
8.5. HOME APPLIANCES
8.5.1. Overview
8.5.2. Home Appliances Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. HOT-DIP GALVANIZED STEEL MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Hot-dip Galvanized Steel Market Overview
9.1.2 North America Hot-dip Galvanized Steel Market Forecasts and Analysis
9.1.3 North America Hot-dip Galvanized Steel Market Forecasts and Analysis - By End Product
9.1.4 North America Hot-dip Galvanized Steel Market Forecasts and Analysis - By End-Use Industry
9.1.5 North America Hot-dip Galvanized Steel Market Forecasts and Analysis - By Countries
9.1.5.1 United States Hot-dip Galvanized Steel Market
9.1.5.1.1 United States Hot-dip Galvanized Steel Market by End Product
9.1.5.1.2 United States Hot-dip Galvanized Steel Market by End-Use Industry
9.1.5.2 Canada Hot-dip Galvanized Steel Market
9.1.5.2.1 Canada Hot-dip Galvanized Steel Market by End Product
9.1.5.2.2 Canada Hot-dip Galvanized Steel Market by End-Use Industry
9.1.5.3 Mexico Hot-dip Galvanized Steel Market
9.1.5.3.1 Mexico Hot-dip Galvanized Steel Market by End Product
9.1.5.3.2 Mexico Hot-dip Galvanized Steel Market by End-Use Industry
9.2. EUROPE
9.2.1 Europe Hot-dip Galvanized Steel Market Overview
9.2.2 Europe Hot-dip Galvanized Steel Market Forecasts and Analysis
9.2.3 Europe Hot-dip Galvanized Steel Market Forecasts and Analysis - By End Product
9.2.4 Europe Hot-dip Galvanized Steel Market Forecasts and Analysis - By End-Use Industry
9.2.5 Europe Hot-dip Galvanized Steel Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Hot-dip Galvanized Steel Market
9.2.5.1.1 Germany Hot-dip Galvanized Steel Market by End Product
9.2.5.1.2 Germany Hot-dip Galvanized Steel Market by End-Use Industry
9.2.5.2 France Hot-dip Galvanized Steel Market
9.2.5.2.1 France Hot-dip Galvanized Steel Market by End Product
9.2.5.2.2 France Hot-dip Galvanized Steel Market by End-Use Industry
9.2.5.3 Italy Hot-dip Galvanized Steel Market
9.2.5.3.1 Italy Hot-dip Galvanized Steel Market by End Product
9.2.5.3.2 Italy Hot-dip Galvanized Steel Market by End-Use Industry
9.2.5.4 United Kingdom Hot-dip Galvanized Steel Market
9.2.5.4.1 United Kingdom Hot-dip Galvanized Steel Market by End Product
9.2.5.4.2 United Kingdom Hot-dip Galvanized Steel Market by End-Use Industry
9.2.5.5 Russia Hot-dip Galvanized Steel Market
9.2.5.5.1 Russia Hot-dip Galvanized Steel Market by End Product
9.2.5.5.2 Russia Hot-dip Galvanized Steel Market by End-Use Industry
9.2.5.6 Rest of Europe Hot-dip Galvanized Steel Market
9.2.5.6.1 Rest of Europe Hot-dip Galvanized Steel Market by End Product
9.2.5.6.2 Rest of Europe Hot-dip Galvanized Steel Market by End-Use Industry
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Hot-dip Galvanized Steel Market Overview
9.3.2 Asia-Pacific Hot-dip Galvanized Steel Market Forecasts and Analysis
9.3.3 Asia-Pacific Hot-dip Galvanized Steel Market Forecasts and Analysis - By End Product
9.3.4 Asia-Pacific Hot-dip Galvanized Steel Market Forecasts and Analysis - By End-Use Industry
9.3.5 Asia-Pacific Hot-dip Galvanized Steel Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Hot-dip Galvanized Steel Market
9.3.5.1.1 Australia Hot-dip Galvanized Steel Market by End Product
9.3.5.1.2 Australia Hot-dip Galvanized Steel Market by End-Use Industry
9.3.5.2 China Hot-dip Galvanized Steel Market
9.3.5.2.1 China Hot-dip Galvanized Steel Market by End Product
9.3.5.2.2 China Hot-dip Galvanized Steel Market by End-Use Industry
9.3.5.3 India Hot-dip Galvanized Steel Market
9.3.5.3.1 India Hot-dip Galvanized Steel Market by End Product
9.3.5.3.2 India Hot-dip Galvanized Steel Market by End-Use Industry
9.3.5.4 Japan Hot-dip Galvanized Steel Market
9.3.5.4.1 Japan Hot-dip Galvanized Steel Market by End Product
9.3.5.4.2 Japan Hot-dip Galvanized Steel Market by End-Use Industry
9.3.5.5 South Korea Hot-dip Galvanized Steel Market
9.3.5.5.1 South Korea Hot-dip Galvanized Steel Market by End Product
9.3.5.5.2 South Korea Hot-dip Galvanized Steel Market by End-Use Industry
9.3.5.6 Rest of Asia-Pacific Hot-dip Galvanized Steel Market
9.3.5.6.1 Rest of Asia-Pacific Hot-dip Galvanized Steel Market by End Product
9.3.5.6.2 Rest of Asia-Pacific Hot-dip Galvanized Steel Market by End-Use Industry
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Hot-dip Galvanized Steel Market Overview
9.4.2 Middle East and Africa Hot-dip Galvanized Steel Market Forecasts and Analysis
9.4.3 Middle East and Africa Hot-dip Galvanized Steel Market Forecasts and Analysis - By End Product
9.4.4 Middle East and Africa Hot-dip Galvanized Steel Market Forecasts and Analysis - By End-Use Industry
9.4.5 Middle East and Africa Hot-dip Galvanized Steel Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Hot-dip Galvanized Steel Market
9.4.5.1.1 South Africa Hot-dip Galvanized Steel Market by End Product
9.4.5.1.2 South Africa Hot-dip Galvanized Steel Market by End-Use Industry
9.4.5.2 Saudi Arabia Hot-dip Galvanized Steel Market
9.4.5.2.1 Saudi Arabia Hot-dip Galvanized Steel Market by End Product
9.4.5.2.2 Saudi Arabia Hot-dip Galvanized Steel Market by End-Use Industry
9.4.5.3 U.A.E Hot-dip Galvanized Steel Market
9.4.5.3.1 U.A.E Hot-dip Galvanized Steel Market by End Product
9.4.5.3.2 U.A.E Hot-dip Galvanized Steel Market by End-Use Industry
9.4.5.4 Rest of Middle East and Africa Hot-dip Galvanized Steel Market
9.4.5.4.1 Rest of Middle East and Africa Hot-dip Galvanized Steel Market by End Product
9.4.5.4.2 Rest of Middle East and Africa Hot-dip Galvanized Steel Market by End-Use Industry
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Hot-dip Galvanized Steel Market Overview
9.5.2 South and Central America Hot-dip Galvanized Steel Market Forecasts and Analysis
9.5.3 South and Central America Hot-dip Galvanized Steel Market Forecasts and Analysis - By End Product
9.5.4 South and Central America Hot-dip Galvanized Steel Market Forecasts and Analysis - By End-Use Industry
9.5.5 South and Central America Hot-dip Galvanized Steel Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Hot-dip Galvanized Steel Market
9.5.5.1.1 Brazil Hot-dip Galvanized Steel Market by End Product
9.5.5.1.2 Brazil Hot-dip Galvanized Steel Market by End-Use Industry
9.5.5.2 Argentina Hot-dip Galvanized Steel Market
9.5.5.2.1 Argentina Hot-dip Galvanized Steel Market by End Product
9.5.5.2.2 Argentina Hot-dip Galvanized Steel Market by End-Use Industry
9.5.5.3 Rest of South and Central America Hot-dip Galvanized Steel Market
9.5.5.3.1 Rest of South and Central America Hot-dip Galvanized Steel Market by End Product
9.5.5.3.2 Rest of South and Central America Hot-dip Galvanized Steel Market by End-Use Industry
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. HOT-DIP GALVANIZED STEEL MARKET, KEY COMPANY PROFILES
11.1. AK STEEL HOLDING CORPORATION
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. ANSTEEL GROUP
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. ARCELORMITTAL S.A.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. CHINA BAOWU STEEL GROUP CORP., LTD.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. GERDAU
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. JFE STEEL
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. JIANGSU SHAGANG GROUP COMPANY LIMITED
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. NIPPON STEEL CORPORATION
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. POSCO
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. TATA STEEL
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. AK Steel Holding Corporation
2. Ansteel Group
3. ArcelorMittal S.A.
4. China Baowu Steel Group Corp., Ltd.
5. Gerdau
6. JFE Steel
7. Jiangsu Shagang Group Company Limited
8. Nippon Steel Corporation
9. POSCO
10. Tata Steel
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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