Industrial 3D Printing Market Forecast, Trends, Scope by 2031
The Industrial 3D Printing Market is expected to register a CAGR of 19.8% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Component (3D Printers, 3D Printing Software, and 3D Printing Services), Technology (SLA, FDM, SLS, and Others), Application (Rapid Prototyping, Tools & Fixtures, Production Parts, and Others), End User (Automotive, Healthcare & Medical Devices, Oil & Gas, Electronics & Electricals). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Industrial 3D Printing 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.
Industrial 3D Printing Market Segmentation
Component- 3D Printers
- 3D Printing Software
- 3D Printing Services
- SLA
- FDM
- SLS
- Others
- Rapid Prototyping
- Tools & Fixtures
- Production Parts
- Others
- Automotive
- Healthcare & Medical Devices
- Oil & Gas
- Electronics & Electricals
- Automotive
- Healthcare & Medical Devices
- Oil & Gas
- Electronics & Electricals
Strategic Insights
Industrial 3D Printing Market Growth Drivers- Technological Advancements: The continuous development of 3D printing technologies, such as improvements in materials, speed, and precision is a major driving force. This allows more industries to apply 3D printing to complex customized manufacturing procedures, as it is more efficient and cost-effective.
- Growing Emphasis on Product Customization: At present, growing demand for customization of products across various sectors such as auto, aerospace, and healthcare. Industrial 3D printing makes bespoke items possible without expensive tooling.
- Sustainability and Waste Reduction: 3D printing offers enormous opportunities in sustainability concerning material waste reduction and using recycled materials. This directly chimes with the growing global emphasis on sustainable manufacturing practices, making companies adopting these technologies ahead of their competitors.
- Advanced Materials Integration : Advanced materials, which are specifically produced for 3D printing in industrial sector, are highly developed and utilized. Further research in material science is paving the way to stronger and more durable options that provide more sustainability. This creates enhanced capabilities and applications in building projects with 3D printing.
- Expansion in Emerging Market : The growing expansion in emerging markets owing to rising development in the industrial sector is projected to drive the growth of the market.
- Growing Sustainability: The growing focus on sustainability and increasing demand for sustainable and environment friendly approaches in the industrial sector is projected to drive the growth of the market.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Industrial 3D Printing 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 Industrial 3D Printing 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.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- 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
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to country scope.
Frequently Asked Questions
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
The leading players operating in the Industrial 3D Printing Market include SLM Solutions Group AG, EnvisionTEC, Concept Laser GmbH, Stratasys, The ExOne Company, EOS GmbH, Sisma SpA, Colibrium Additive, Hewlett Packard Inc., 3D Systems Corporation, Materialise NV, Proto Labs Inc.
Expansion in Emerging Market and Growing Sustainability is the key future trend of the Industrial 3D Printing Market
The major factors driving the Industrial 3D Printing Market is Technological Advancements and Growing Emphasis on Product Customization.
The Industrial 3D Printing Market is estimated to witness a CAGR of 19.8% 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 Industrial 3D Printing Market - By Offering
1.3.2 Industrial 3D Printing Market - By Application
1.3.3 Industrial 3D Printing Market - By End User
1.3.4 Industrial 3D Printing Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. INDUSTRIAL 3D PRINTING 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. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. INDUSTRIAL 3D PRINTING 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. INDUSTRIAL 3D PRINTING MARKET - GLOBAL MARKET ANALYSIS
6.1. INDUSTRIAL 3D PRINTING - GLOBAL MARKET OVERVIEW
6.2. INDUSTRIAL 3D PRINTING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. INDUSTRIAL 3D PRINTING MARKET - REVENUE AND FORECASTS TO 2028 - OFFERING
7.1. OVERVIEW
7.2. OFFERING MARKET FORECASTS AND ANALYSIS
7.3. PRINTERS
7.3.1. Overview
7.3.2. Printers Market Forecast and Analysis
7.4. MATERIALS
7.4.1. Overview
7.4.2. Materials Market Forecast and Analysis
7.5. SOFTWARE
7.5.1. Overview
7.5.2. Software Market Forecast and Analysis
7.6. SERVICES
7.6.1. Overview
7.6.2. Services Market Forecast and Analysis
8. INDUSTRIAL 3D PRINTING MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. ROBOTICS
8.3.1. Overview
8.3.2. Robotics Market Forecast and Analysis
8.4. HEAVY EQUIPMENT AND MACHINERY
8.4.1. Overview
8.4.2. Heavy Equipment and Machinery Market Forecast and Analysis
8.5. TOOLING
8.5.1. Overview
8.5.2. Tooling Market Forecast and Analysis
9. INDUSTRIAL 3D PRINTING MARKET - REVENUE AND FORECASTS TO 2028 - END USER
9.1. OVERVIEW
9.2. END USER MARKET FORECASTS AND ANALYSIS
9.3. AEROSPACE AND DEFENSE
9.3.1. Overview
9.3.2. Aerospace and Defense Market Forecast and Analysis
9.4. AUTOMOTIVE
9.4.1. Overview
9.4.2. Automotive Market Forecast and Analysis
9.5. PRINTED ELECTRONICS
9.5.1. Overview
9.5.2. Printed Electronics Market Forecast and Analysis
9.6. HEALTHCARE
9.6.1. Overview
9.6.2. Healthcare Market Forecast and Analysis
9.7. OTHERS
9.7.1. Overview
9.7.2. Others Market Forecast and Analysis
10. INDUSTRIAL 3D PRINTING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Industrial 3D Printing Market Overview
10.1.2 North America Industrial 3D Printing Market Forecasts and Analysis
10.1.3 North America Industrial 3D Printing Market Forecasts and Analysis - By Offering
10.1.4 North America Industrial 3D Printing Market Forecasts and Analysis - By Application
10.1.5 North America Industrial 3D Printing Market Forecasts and Analysis - By End User
10.1.6 North America Industrial 3D Printing Market Forecasts and Analysis - By Countries
10.1.6.1 United States Industrial 3D Printing Market
10.1.6.1.1 United States Industrial 3D Printing Market by Offering
10.1.6.1.2 United States Industrial 3D Printing Market by Application
10.1.6.1.3 United States Industrial 3D Printing Market by End User
10.1.6.2 Canada Industrial 3D Printing Market
10.1.6.2.1 Canada Industrial 3D Printing Market by Offering
10.1.6.2.2 Canada Industrial 3D Printing Market by Application
10.1.6.2.3 Canada Industrial 3D Printing Market by End User
10.1.6.3 Mexico Industrial 3D Printing Market
10.1.6.3.1 Mexico Industrial 3D Printing Market by Offering
10.1.6.3.2 Mexico Industrial 3D Printing Market by Application
10.1.6.3.3 Mexico Industrial 3D Printing Market by End User
10.2. EUROPE
10.2.1 Europe Industrial 3D Printing Market Overview
10.2.2 Europe Industrial 3D Printing Market Forecasts and Analysis
10.2.3 Europe Industrial 3D Printing Market Forecasts and Analysis - By Offering
10.2.4 Europe Industrial 3D Printing Market Forecasts and Analysis - By Application
10.2.5 Europe Industrial 3D Printing Market Forecasts and Analysis - By End User
10.2.6 Europe Industrial 3D Printing Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Industrial 3D Printing Market
10.2.6.1.1 Germany Industrial 3D Printing Market by Offering
10.2.6.1.2 Germany Industrial 3D Printing Market by Application
10.2.6.1.3 Germany Industrial 3D Printing Market by End User
10.2.6.2 France Industrial 3D Printing Market
10.2.6.2.1 France Industrial 3D Printing Market by Offering
10.2.6.2.2 France Industrial 3D Printing Market by Application
10.2.6.2.3 France Industrial 3D Printing Market by End User
10.2.6.3 Italy Industrial 3D Printing Market
10.2.6.3.1 Italy Industrial 3D Printing Market by Offering
10.2.6.3.2 Italy Industrial 3D Printing Market by Application
10.2.6.3.3 Italy Industrial 3D Printing Market by End User
10.2.6.4 United Kingdom Industrial 3D Printing Market
10.2.6.4.1 United Kingdom Industrial 3D Printing Market by Offering
10.2.6.4.2 United Kingdom Industrial 3D Printing Market by Application
10.2.6.4.3 United Kingdom Industrial 3D Printing Market by End User
10.2.6.5 Russia Industrial 3D Printing Market
10.2.6.5.1 Russia Industrial 3D Printing Market by Offering
10.2.6.5.2 Russia Industrial 3D Printing Market by Application
10.2.6.5.3 Russia Industrial 3D Printing Market by End User
10.2.6.6 Rest of Europe Industrial 3D Printing Market
10.2.6.6.1 Rest of Europe Industrial 3D Printing Market by Offering
10.2.6.6.2 Rest of Europe Industrial 3D Printing Market by Application
10.2.6.6.3 Rest of Europe Industrial 3D Printing Market by End User
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Industrial 3D Printing Market Overview
10.3.2 Asia-Pacific Industrial 3D Printing Market Forecasts and Analysis
10.3.3 Asia-Pacific Industrial 3D Printing Market Forecasts and Analysis - By Offering
10.3.4 Asia-Pacific Industrial 3D Printing Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Industrial 3D Printing Market Forecasts and Analysis - By End User
10.3.6 Asia-Pacific Industrial 3D Printing Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Industrial 3D Printing Market
10.3.6.1.1 Australia Industrial 3D Printing Market by Offering
10.3.6.1.2 Australia Industrial 3D Printing Market by Application
10.3.6.1.3 Australia Industrial 3D Printing Market by End User
10.3.6.2 China Industrial 3D Printing Market
10.3.6.2.1 China Industrial 3D Printing Market by Offering
10.3.6.2.2 China Industrial 3D Printing Market by Application
10.3.6.2.3 China Industrial 3D Printing Market by End User
10.3.6.3 India Industrial 3D Printing Market
10.3.6.3.1 India Industrial 3D Printing Market by Offering
10.3.6.3.2 India Industrial 3D Printing Market by Application
10.3.6.3.3 India Industrial 3D Printing Market by End User
10.3.6.4 Japan Industrial 3D Printing Market
10.3.6.4.1 Japan Industrial 3D Printing Market by Offering
10.3.6.4.2 Japan Industrial 3D Printing Market by Application
10.3.6.4.3 Japan Industrial 3D Printing Market by End User
10.3.6.5 South Korea Industrial 3D Printing Market
10.3.6.5.1 South Korea Industrial 3D Printing Market by Offering
10.3.6.5.2 South Korea Industrial 3D Printing Market by Application
10.3.6.5.3 South Korea Industrial 3D Printing Market by End User
10.3.6.6 Rest of Asia-Pacific Industrial 3D Printing Market
10.3.6.6.1 Rest of Asia-Pacific Industrial 3D Printing Market by Offering
10.3.6.6.2 Rest of Asia-Pacific Industrial 3D Printing Market by Application
10.3.6.6.3 Rest of Asia-Pacific Industrial 3D Printing Market by End User
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Industrial 3D Printing Market Overview
10.4.2 Middle East and Africa Industrial 3D Printing Market Forecasts and Analysis
10.4.3 Middle East and Africa Industrial 3D Printing Market Forecasts and Analysis - By Offering
10.4.4 Middle East and Africa Industrial 3D Printing Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Industrial 3D Printing Market Forecasts and Analysis - By End User
10.4.6 Middle East and Africa Industrial 3D Printing Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Industrial 3D Printing Market
10.4.6.1.1 South Africa Industrial 3D Printing Market by Offering
10.4.6.1.2 South Africa Industrial 3D Printing Market by Application
10.4.6.1.3 South Africa Industrial 3D Printing Market by End User
10.4.6.2 Saudi Arabia Industrial 3D Printing Market
10.4.6.2.1 Saudi Arabia Industrial 3D Printing Market by Offering
10.4.6.2.2 Saudi Arabia Industrial 3D Printing Market by Application
10.4.6.2.3 Saudi Arabia Industrial 3D Printing Market by End User
10.4.6.3 U.A.E Industrial 3D Printing Market
10.4.6.3.1 U.A.E Industrial 3D Printing Market by Offering
10.4.6.3.2 U.A.E Industrial 3D Printing Market by Application
10.4.6.3.3 U.A.E Industrial 3D Printing Market by End User
10.4.6.4 Rest of Middle East and Africa Industrial 3D Printing Market
10.4.6.4.1 Rest of Middle East and Africa Industrial 3D Printing Market by Offering
10.4.6.4.2 Rest of Middle East and Africa Industrial 3D Printing Market by Application
10.4.6.4.3 Rest of Middle East and Africa Industrial 3D Printing Market by End User
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Industrial 3D Printing Market Overview
10.5.2 South and Central America Industrial 3D Printing Market Forecasts and Analysis
10.5.3 South and Central America Industrial 3D Printing Market Forecasts and Analysis - By Offering
10.5.4 South and Central America Industrial 3D Printing Market Forecasts and Analysis - By Application
10.5.5 South and Central America Industrial 3D Printing Market Forecasts and Analysis - By End User
10.5.6 South and Central America Industrial 3D Printing Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Industrial 3D Printing Market
10.5.6.1.1 Brazil Industrial 3D Printing Market by Offering
10.5.6.1.2 Brazil Industrial 3D Printing Market by Application
10.5.6.1.3 Brazil Industrial 3D Printing Market by End User
10.5.6.2 Argentina Industrial 3D Printing Market
10.5.6.2.1 Argentina Industrial 3D Printing Market by Offering
10.5.6.2.2 Argentina Industrial 3D Printing Market by Application
10.5.6.2.3 Argentina Industrial 3D Printing Market by End User
10.5.6.3 Rest of South and Central America Industrial 3D Printing Market
10.5.6.3.1 Rest of South and Central America Industrial 3D Printing Market by Offering
10.5.6.3.2 Rest of South and Central America Industrial 3D Printing Market by Application
10.5.6.3.3 Rest of South and Central America Industrial 3D Printing Market by End User
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. INDUSTRIAL 3D PRINTING MARKET, KEY COMPANY PROFILES
12.1. 3D SYSTEMS, 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. ARCAM EBM (GE ADDITIVE)
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. ENVISIONTEC INC.
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. EOS GMBH
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. GROUPE GORGE
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. MATERIALISE NV
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. SLM SOLUTIONS GROUP AG
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. STRATASYS 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. THE EXONE COMPANY
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. VOXELJET AG
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. 3D Systems, Inc.
2. Arcam EBM (GE Additive)
3. EnvisionTEC Inc.
4. EOS GmbH
5. Groupe Gorge
6. Materialise NV
7. SLM Solutions Group AG
8. Stratasys Ltd.
9. The ExOne Company
10. voxeljet AG
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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