Hub Motor for Electric Vehicle Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Hub Motor for Electric Vehicle Market covers analysis By Vehicle type (Battery Electric Vehicle, Plug-in Hybrid Electric Vehicle, Hybrid Electric Vehicle); Application (Passenger Vehicle, Commercial Vehicle) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00022057
  • Category : Automotive and Transportation
  • No. of Pages : 150
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Hub Motor for Electric Vehicle Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

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MARKET INTRODUCTION

A wheel hub motor, also known as a wheel motor, wheel hub drive, hub motor, or in-wheel motor, is an electric motor that is built into a wheel's hub and drives it directly. The environmental issues have prompted regulatory authorities all over the world to enact strict environmental regulations. To gain a competitive edge in the hub motor market for electric vehicles, automotive companies are increasingly focusing on minimizing air pollution and depletion of conventional fossil fuels.

MARKET DYNAMICS

As the regulatory environment surrounding the automotive industry continues to grow at a rapid rate, technologies and technical advances are expected to keep pace. The growing demand for hub motors, especially in the hybrid vehicle segment, is expected to give the global hub motor market for electric vehicles a significant boost. Also, the growing adoption of people in buying electric vehicles because of constant fluctuations in fuel prices is driving the growth for this market. However, the introduction of powered-internal combustion engines (ICEs) has increasingly replaced hub motors, resulting in a possible slowdown in market development.

MARKET SCOPE

The "Hub motor for electric vehicles Market Analysis to 2031" is a specialized and in-depth study of the food and beverage industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the Hub motor for electric vehicles market with detailed market segmentation by form and distribution channel. The Hub motor for electric vehicles market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Hub motor for electric vehicles market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The Hub motor for electric vehicles market is segmented into Vehicle type and Application. By Vehicle type, the Hub motor for electric vehicles market is classified into battery electric vehicle, plug-in hybrid electric vehicle and hybrid electric vehicle. By Application, the Hub motor for electric vehicles market is classified into passenger vehicle and commercial vehicle.

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 Hub motor for electric vehicles market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The Hub motor for electric vehicles 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 Hub motor for electric vehicles 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 Hub motor for electric vehicles market in these regions.

World Geography

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MARKET PLAYERS


The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the Hub motor for electric vehicles market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The Hub motor for electric vehicles 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 Hub motor for electric vehicles 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 Hub motor for electric vehicles market in these regions.

MARKET PLAYERS

The report covers vital developments in the Hub motor for electric vehicles 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 payers from the Hub motor for electric vehicles market are anticipated to lucrative growth opportunities in the future with the rising demand for Hub motor for electric vehicles in the global market. Below mentioned is the list of few companies engaged in the Hub motor for electric vehicles market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Hub motor for electric vehicles 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.

  •   Bonfiglioli Riduttori S.p.A.
  •   Elaphe Ltd
  •   Evans Electric LTD.
  •   Heinzmann GmbH and Co. KG
  •   Hyundai Mobis Co., Ltd.
  •   Kolektor
  •   NSK Ltd.
  •   Protean
  •   ZIEHL-ABEGG SE
  •   ZF Friedrichshafen AG

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current 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
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Hub Motor Market For Electric Vehicle - By Vehicle type
1.3.2 Hub Motor Market For Electric Vehicle - By Application
1.3.3 Hub Motor Market For Electric Vehicle - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. HUB MOTOR MARKET FOR ELECTRIC VEHICLE 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. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS

5. HUB MOTOR MARKET FOR ELECTRIC VEHICLE - 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. HUB MOTOR MARKET FOR ELECTRIC VEHICLE - GLOBAL MARKET ANALYSIS
6.1. HUB MOTOR - GLOBAL MARKET OVERVIEW
6.2. HUB MOTOR - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING

7. HUB MOTOR MARKET FOR ELECTRIC VEHICLE - REVENUE AND FORECASTS TO 2028 - VEHICLE TYPE
7.1. OVERVIEW
7.2. VEHICLE TYPE MARKET FORECASTS AND ANALYSIS
7.3. BATTERY ELECTRIC VEHICLE
7.3.1. Overview
7.3.2. Battery Electric Vehicle Market Forecast and Analysis
7.4. PLUG-IN HYBRID ELECTRIC VEHICLE
7.4.1. Overview
7.4.2. Plug-in Hybrid Electric Vehicle Market Forecast and Analysis
7.5. HYBRID ELECTRIC VEHICLE
7.5.1. Overview
7.5.2. Hybrid Electric Vehicle Market Forecast and Analysis
8. HUB MOTOR MARKET FOR ELECTRIC VEHICLE - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. PASSENGER VEHICLE
8.3.1. Overview
8.3.2. Passenger Vehicle Market Forecast and Analysis
8.4. COMMERCIAL VEHICLE
8.4.1. Overview
8.4.2. Commercial Vehicle Market Forecast and Analysis

9. HUB MOTOR MARKET FOR ELECTRIC VEHICLE REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Hub Motor Market For Electric Vehicle Overview
9.1.2 North America Hub Motor Market For Electric Vehicle Forecasts and Analysis
9.1.3 North America Hub Motor Market For Electric Vehicle Forecasts and Analysis - By Vehicle type
9.1.4 North America Hub Motor Market For Electric Vehicle Forecasts and Analysis - By Application
9.1.5 North America Hub Motor Market For Electric Vehicle Forecasts and Analysis - By Countries
9.1.5.1 United States Hub Motor Market For Electric Vehicle
9.1.5.1.1 United States Hub Motor Market For Electric Vehicle by Vehicle type
9.1.5.1.2 United States Hub Motor Market For Electric Vehicle by Application
9.1.5.2 Canada Hub Motor Market For Electric Vehicle
9.1.5.2.1 Canada Hub Motor Market For Electric Vehicle by Vehicle type
9.1.5.2.2 Canada Hub Motor Market For Electric Vehicle by Application
9.1.5.3 Mexico Hub Motor Market For Electric Vehicle
9.1.5.3.1 Mexico Hub Motor Market For Electric Vehicle by Vehicle type
9.1.5.3.2 Mexico Hub Motor Market For Electric Vehicle by Application
9.2. EUROPE
9.2.1 Europe Hub Motor Market For Electric Vehicle Overview
9.2.2 Europe Hub Motor Market For Electric Vehicle Forecasts and Analysis
9.2.3 Europe Hub Motor Market For Electric Vehicle Forecasts and Analysis - By Vehicle type
9.2.4 Europe Hub Motor Market For Electric Vehicle Forecasts and Analysis - By Application
9.2.5 Europe Hub Motor Market For Electric Vehicle Forecasts and Analysis - By Countries
9.2.5.1 Germany Hub Motor Market For Electric Vehicle
9.2.5.1.1 Germany Hub Motor Market For Electric Vehicle by Vehicle type
9.2.5.1.2 Germany Hub Motor Market For Electric Vehicle by Application
9.2.5.2 France Hub Motor Market For Electric Vehicle
9.2.5.2.1 France Hub Motor Market For Electric Vehicle by Vehicle type
9.2.5.2.2 France Hub Motor Market For Electric Vehicle by Application
9.2.5.3 Italy Hub Motor Market For Electric Vehicle
9.2.5.3.1 Italy Hub Motor Market For Electric Vehicle by Vehicle type
9.2.5.3.2 Italy Hub Motor Market For Electric Vehicle by Application
9.2.5.4 United Kingdom Hub Motor Market For Electric Vehicle
9.2.5.4.1 United Kingdom Hub Motor Market For Electric Vehicle by Vehicle type
9.2.5.4.2 United Kingdom Hub Motor Market For Electric Vehicle by Application
9.2.5.5 Russia Hub Motor Market For Electric Vehicle
9.2.5.5.1 Russia Hub Motor Market For Electric Vehicle by Vehicle type
9.2.5.5.2 Russia Hub Motor Market For Electric Vehicle by Application
9.2.5.6 Rest of Europe Hub Motor Market For Electric Vehicle
9.2.5.6.1 Rest of Europe Hub Motor Market For Electric Vehicle by Vehicle type
9.2.5.6.2 Rest of Europe Hub Motor Market For Electric Vehicle by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Hub Motor Market For Electric Vehicle Overview
9.3.2 Asia-Pacific Hub Motor Market For Electric Vehicle Forecasts and Analysis
9.3.3 Asia-Pacific Hub Motor Market For Electric Vehicle Forecasts and Analysis - By Vehicle type
9.3.4 Asia-Pacific Hub Motor Market For Electric Vehicle Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Hub Motor Market For Electric Vehicle Forecasts and Analysis - By Countries
9.3.5.1 Australia Hub Motor Market For Electric Vehicle
9.3.5.1.1 Australia Hub Motor Market For Electric Vehicle by Vehicle type
9.3.5.1.2 Australia Hub Motor Market For Electric Vehicle by Application
9.3.5.2 China Hub Motor Market For Electric Vehicle
9.3.5.2.1 China Hub Motor Market For Electric Vehicle by Vehicle type
9.3.5.2.2 China Hub Motor Market For Electric Vehicle by Application
9.3.5.3 India Hub Motor Market For Electric Vehicle
9.3.5.3.1 India Hub Motor Market For Electric Vehicle by Vehicle type
9.3.5.3.2 India Hub Motor Market For Electric Vehicle by Application
9.3.5.4 Japan Hub Motor Market For Electric Vehicle
9.3.5.4.1 Japan Hub Motor Market For Electric Vehicle by Vehicle type
9.3.5.4.2 Japan Hub Motor Market For Electric Vehicle by Application
9.3.5.5 South Korea Hub Motor Market For Electric Vehicle
9.3.5.5.1 South Korea Hub Motor Market For Electric Vehicle by Vehicle type
9.3.5.5.2 South Korea Hub Motor Market For Electric Vehicle by Application
9.3.5.6 Rest of Asia-Pacific Hub Motor Market For Electric Vehicle
9.3.5.6.1 Rest of Asia-Pacific Hub Motor Market For Electric Vehicle by Vehicle type
9.3.5.6.2 Rest of Asia-Pacific Hub Motor Market For Electric Vehicle by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Hub Motor Market For Electric Vehicle Overview
9.4.2 Middle East and Africa Hub Motor Market For Electric Vehicle Forecasts and Analysis
9.4.3 Middle East and Africa Hub Motor Market For Electric Vehicle Forecasts and Analysis - By Vehicle type
9.4.4 Middle East and Africa Hub Motor Market For Electric Vehicle Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Hub Motor Market For Electric Vehicle Forecasts and Analysis - By Countries
9.4.5.1 South Africa Hub Motor Market For Electric Vehicle
9.4.5.1.1 South Africa Hub Motor Market For Electric Vehicle by Vehicle type
9.4.5.1.2 South Africa Hub Motor Market For Electric Vehicle by Application
9.4.5.2 Saudi Arabia Hub Motor Market For Electric Vehicle
9.4.5.2.1 Saudi Arabia Hub Motor Market For Electric Vehicle by Vehicle type
9.4.5.2.2 Saudi Arabia Hub Motor Market For Electric Vehicle by Application
9.4.5.3 U.A.E Hub Motor Market For Electric Vehicle
9.4.5.3.1 U.A.E Hub Motor Market For Electric Vehicle by Vehicle type
9.4.5.3.2 U.A.E Hub Motor Market For Electric Vehicle by Application
9.4.5.4 Rest of Middle East and Africa Hub Motor Market For Electric Vehicle
9.4.5.4.1 Rest of Middle East and Africa Hub Motor Market For Electric Vehicle by Vehicle type
9.4.5.4.2 Rest of Middle East and Africa Hub Motor Market For Electric Vehicle by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Hub Motor Market For Electric Vehicle Overview
9.5.2 South and Central America Hub Motor Market For Electric Vehicle Forecasts and Analysis
9.5.3 South and Central America Hub Motor Market For Electric Vehicle Forecasts and Analysis - By Vehicle type
9.5.4 South and Central America Hub Motor Market For Electric Vehicle Forecasts and Analysis - By Application
9.5.5 South and Central America Hub Motor Market For Electric Vehicle Forecasts and Analysis - By Countries
9.5.5.1 Brazil Hub Motor Market For Electric Vehicle
9.5.5.1.1 Brazil Hub Motor Market For Electric Vehicle by Vehicle type
9.5.5.1.2 Brazil Hub Motor Market For Electric Vehicle by Application
9.5.5.2 Argentina Hub Motor Market For Electric Vehicle
9.5.5.2.1 Argentina Hub Motor Market For Electric Vehicle by Vehicle type
9.5.5.2.2 Argentina Hub Motor Market For Electric Vehicle by Application
9.5.5.3 Rest of South and Central America Hub Motor Market For Electric Vehicle
9.5.5.3.1 Rest of South and Central America Hub Motor Market For Electric Vehicle by Vehicle type
9.5.5.3.2 Rest of South and Central America Hub Motor Market For Electric Vehicle by Application

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. HUB MOTOR MARKET FOR ELECTRIC VEHICLE, KEY COMPANY PROFILES
11.1. BONFIGLIOLI RIDUTTORI S.P.A.
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. ELAPHE LTD
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. EVANS ELECTRIC LTD.
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. HEINZMANN GMBH AND CO. KG
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. HYUNDAI MOBIS CO., LTD.
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. KOLEKTOR
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. NSK LTD.
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. PROTEAN
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. ZIEHL-ABEGG SE
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. ZF FRIEDRICHSHAFEN AG
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
The List of Companies

1. Bonfiglioli Riduttori S.p.A.
2. Elaphe Ltd
3. Evans Electric LTD.
4. Heinzmann GmbH and Co. KG
5. Hyundai Mobis Co., Ltd.
6. Kolektor
7. NSK Ltd.
8. Protean
9. ZIEHL-ABEGG SE
10. ZF Friedrichshafen AG

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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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