Industrial Crane Market Key Players Analysis 2031
An industrial crane is developed to carry heavy materials from one place to another. It includes wire ropes, chains, sheaves, and hoist rope. It is broadly used in industries, such as metal production, railways, construction, petrochemical, and mining. The increasing manufacturing industry and other associated industries are likely to propel the demand for industrial cranes during the forecast period. The rise of the construction industry and swift urbanization are factors anticipated to boost the global industrial cranes market.
MARKET DYNAMICS
The growing urbanization and rapid industrialization drive the growth of the industrial crane market. However, the high manufacturing cost may restrain the development of the industrial crane market. Furthermore, the rising technological advancements are anticipated to witness massive demand during the forecast period.
MARKET SCOPE
The "Global Industrial Crane Market Analysis to 2031" is a specialized and in-depth study of the industrial crane market with a special focus on the global market trend analysis. The report aims to provide an overview of industrial crane market with detailed market segmentation by type, hoist arrangement, movability, end user, and geography. The global industrial crane market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading industrial crane market players and offers key trends and opportunities in the industrial crane market.
MARKET SEGMENTATION
The global industrial crane market is segmented on the basis of type, hoist arrangement, movability, and end user. On the basis of type, the market is segmented as single girder cranes, double girder cranes, gantry cranes, jib cranes, shipyard cranes, and others. On the basis of hoist arrangement, the market is segmented as top running type and under hung type. On the basis of movability, the market is segmented as mobile cranes, fixed cranes, and others. On the basis of end user, the market is segmented as waste management industries, ports and ship terminals, railway, manufacturing, construction and infrastructure industries, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global industrial crane market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The industrial crane market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting industrial crane market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. 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 effecting the industrial crane 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 overview and forecast of the global industrial crane market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The industrial crane market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting industrial crane market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. 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 effecting the industrial crane market in these regions.
MARKET PLAYERS
The reports cover key developments in the industrial crane 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 partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from industrial crane market are anticipated to lucrative growth opportunities in the future with the rising demand for industrial crane market. Below mentioned is the list of few companies engaged in the industrial crane market.
The report also includes the profiles of key industrial crane market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- American Crane
- Electromech Material Handling Systems (India) Pvt. Ltd.
- Gorbel Inc.
- Konecranes PLC
- Kundel Industries Inc.
- Street Crane Company Limited
- Sumitomo Heavy Industries, Ltd.
- Terex Corporation
- Uesco Crane
- Whiting Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing 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
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 Industrial Crane Market - By Type
1.3.2 Industrial Crane Market - By Hoist Arrangement
1.3.3 Industrial Crane Market - By Movability
1.3.4 Industrial Crane Market - By End User
1.3.5 Industrial Crane Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. INDUSTRIAL CRANE 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 CRANE 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. INDUSTRIAL CRANE MARKET - GLOBAL MARKET ANALYSIS
6.1. INDUSTRIAL CRANE - GLOBAL MARKET OVERVIEW
6.2. INDUSTRIAL CRANE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. INDUSTRIAL CRANE MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. SINGLE GIRDER CRANES
7.3.1. Overview
7.3.2. Single Girder Cranes Market Forecast and Analysis
7.4. DOUBLE GIRDER CRANES
7.4.1. Overview
7.4.2. Double Girder Cranes Market Forecast and Analysis
7.5. GANTRY CRANES
7.5.1. Overview
7.5.2. Gantry Cranes Market Forecast and Analysis
7.6. JIB CRANES
7.6.1. Overview
7.6.2. Jib Cranes Market Forecast and Analysis
7.7. SHIPYARD CRANES
7.7.1. Overview
7.7.2. Shipyard Cranes Market Forecast and Analysis
7.8. OTHERS
7.8.1. Overview
7.8.2. Others Market Forecast and Analysis
8. INDUSTRIAL CRANE MARKET - REVENUE AND FORECASTS TO 2028 - HOIST ARRANGEMENT
8.1. OVERVIEW
8.2. HOIST ARRANGEMENT MARKET FORECASTS AND ANALYSIS
8.3. TOP RUNNING TYPE
8.3.1. Overview
8.3.2. Top Running Type Market Forecast and Analysis
8.4. UNDER HUNG TYPE
8.4.1. Overview
8.4.2. Under Hung Type Market Forecast and Analysis
9. INDUSTRIAL CRANE MARKET - REVENUE AND FORECASTS TO 2028 - MOVABILITY
9.1. OVERVIEW
9.2. MOVABILITY MARKET FORECASTS AND ANALYSIS
9.3. MOBILE CRANES
9.3.1. Overview
9.3.2. Mobile Cranes Market Forecast and Analysis
9.4. FIXED CRANES
9.4.1. Overview
9.4.2. Fixed Cranes Market Forecast and Analysis
9.5. OTHERS
9.5.1. Overview
9.5.2. Others Market Forecast and Analysis
10. INDUSTRIAL CRANE MARKET - REVENUE AND FORECASTS TO 2028 - END USER
10.1. OVERVIEW
10.2. END USER MARKET FORECASTS AND ANALYSIS
10.3. WASTE MANAGEMENT INDUSTRIES
10.3.1. Overview
10.3.2. Waste Management Industries Market Forecast and Analysis
10.4. PORTS AND SHIP TERMINALS
10.4.1. Overview
10.4.2. Ports and Ship Terminals Market Forecast and Analysis
10.5. RAILWAY
10.5.1. Overview
10.5.2. Railway Market Forecast and Analysis
10.6. MANUFACTURING
10.6.1. Overview
10.6.2. Manufacturing Market Forecast and Analysis
10.7. CONSTRUCTION AND INFRASTRUCTURE INDUSTRIES
10.7.1. Overview
10.7.2. Construction and Infrastructure Industries Market Forecast and Analysis
10.8. OTHERS
10.8.1. Overview
10.8.2. Others Market Forecast and Analysis
11. INDUSTRIAL CRANE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Industrial Crane Market Overview
11.1.2 North America Industrial Crane Market Forecasts and Analysis
11.1.3 North America Industrial Crane Market Forecasts and Analysis - By Type
11.1.4 North America Industrial Crane Market Forecasts and Analysis - By Hoist Arrangement
11.1.5 North America Industrial Crane Market Forecasts and Analysis - By Movability
11.1.6 North America Industrial Crane Market Forecasts and Analysis - By End User
11.1.7 North America Industrial Crane Market Forecasts and Analysis - By Countries
11.1.7.1 United States Industrial Crane Market
11.1.7.1.1 United States Industrial Crane Market by Type
11.1.7.1.2 United States Industrial Crane Market by Hoist Arrangement
11.1.7.1.3 United States Industrial Crane Market by Movability
11.1.7.1.4 United States Industrial Crane Market by End User
11.1.7.2 Canada Industrial Crane Market
11.1.7.2.1 Canada Industrial Crane Market by Type
11.1.7.2.2 Canada Industrial Crane Market by Hoist Arrangement
11.1.7.2.3 Canada Industrial Crane Market by Movability
11.1.7.2.4 Canada Industrial Crane Market by End User
11.1.7.3 Mexico Industrial Crane Market
11.1.7.3.1 Mexico Industrial Crane Market by Type
11.1.7.3.2 Mexico Industrial Crane Market by Hoist Arrangement
11.1.7.3.3 Mexico Industrial Crane Market by Movability
11.1.7.3.4 Mexico Industrial Crane Market by End User
11.2. EUROPE
11.2.1 Europe Industrial Crane Market Overview
11.2.2 Europe Industrial Crane Market Forecasts and Analysis
11.2.3 Europe Industrial Crane Market Forecasts and Analysis - By Type
11.2.4 Europe Industrial Crane Market Forecasts and Analysis - By Hoist Arrangement
11.2.5 Europe Industrial Crane Market Forecasts and Analysis - By Movability
11.2.6 Europe Industrial Crane Market Forecasts and Analysis - By End User
11.2.7 Europe Industrial Crane Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Industrial Crane Market
11.2.7.1.1 Germany Industrial Crane Market by Type
11.2.7.1.2 Germany Industrial Crane Market by Hoist Arrangement
11.2.7.1.3 Germany Industrial Crane Market by Movability
11.2.7.1.4 Germany Industrial Crane Market by End User
11.2.7.2 France Industrial Crane Market
11.2.7.2.1 France Industrial Crane Market by Type
11.2.7.2.2 France Industrial Crane Market by Hoist Arrangement
11.2.7.2.3 France Industrial Crane Market by Movability
11.2.7.2.4 France Industrial Crane Market by End User
11.2.7.3 Italy Industrial Crane Market
11.2.7.3.1 Italy Industrial Crane Market by Type
11.2.7.3.2 Italy Industrial Crane Market by Hoist Arrangement
11.2.7.3.3 Italy Industrial Crane Market by Movability
11.2.7.3.4 Italy Industrial Crane Market by End User
11.2.7.4 United Kingdom Industrial Crane Market
11.2.7.4.1 United Kingdom Industrial Crane Market by Type
11.2.7.4.2 United Kingdom Industrial Crane Market by Hoist Arrangement
11.2.7.4.3 United Kingdom Industrial Crane Market by Movability
11.2.7.4.4 United Kingdom Industrial Crane Market by End User
11.2.7.5 Russia Industrial Crane Market
11.2.7.5.1 Russia Industrial Crane Market by Type
11.2.7.5.2 Russia Industrial Crane Market by Hoist Arrangement
11.2.7.5.3 Russia Industrial Crane Market by Movability
11.2.7.5.4 Russia Industrial Crane Market by End User
11.2.7.6 Rest of Europe Industrial Crane Market
11.2.7.6.1 Rest of Europe Industrial Crane Market by Type
11.2.7.6.2 Rest of Europe Industrial Crane Market by Hoist Arrangement
11.2.7.6.3 Rest of Europe Industrial Crane Market by Movability
11.2.7.6.4 Rest of Europe Industrial Crane Market by End User
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Industrial Crane Market Overview
11.3.2 Asia-Pacific Industrial Crane Market Forecasts and Analysis
11.3.3 Asia-Pacific Industrial Crane Market Forecasts and Analysis - By Type
11.3.4 Asia-Pacific Industrial Crane Market Forecasts and Analysis - By Hoist Arrangement
11.3.5 Asia-Pacific Industrial Crane Market Forecasts and Analysis - By Movability
11.3.6 Asia-Pacific Industrial Crane Market Forecasts and Analysis - By End User
11.3.7 Asia-Pacific Industrial Crane Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Industrial Crane Market
11.3.7.1.1 Australia Industrial Crane Market by Type
11.3.7.1.2 Australia Industrial Crane Market by Hoist Arrangement
11.3.7.1.3 Australia Industrial Crane Market by Movability
11.3.7.1.4 Australia Industrial Crane Market by End User
11.3.7.2 China Industrial Crane Market
11.3.7.2.1 China Industrial Crane Market by Type
11.3.7.2.2 China Industrial Crane Market by Hoist Arrangement
11.3.7.2.3 China Industrial Crane Market by Movability
11.3.7.2.4 China Industrial Crane Market by End User
11.3.7.3 India Industrial Crane Market
11.3.7.3.1 India Industrial Crane Market by Type
11.3.7.3.2 India Industrial Crane Market by Hoist Arrangement
11.3.7.3.3 India Industrial Crane Market by Movability
11.3.7.3.4 India Industrial Crane Market by End User
11.3.7.4 Japan Industrial Crane Market
11.3.7.4.1 Japan Industrial Crane Market by Type
11.3.7.4.2 Japan Industrial Crane Market by Hoist Arrangement
11.3.7.4.3 Japan Industrial Crane Market by Movability
11.3.7.4.4 Japan Industrial Crane Market by End User
11.3.7.5 South Korea Industrial Crane Market
11.3.7.5.1 South Korea Industrial Crane Market by Type
11.3.7.5.2 South Korea Industrial Crane Market by Hoist Arrangement
11.3.7.5.3 South Korea Industrial Crane Market by Movability
11.3.7.5.4 South Korea Industrial Crane Market by End User
11.3.7.6 Rest of Asia-Pacific Industrial Crane Market
11.3.7.6.1 Rest of Asia-Pacific Industrial Crane Market by Type
11.3.7.6.2 Rest of Asia-Pacific Industrial Crane Market by Hoist Arrangement
11.3.7.6.3 Rest of Asia-Pacific Industrial Crane Market by Movability
11.3.7.6.4 Rest of Asia-Pacific Industrial Crane Market by End User
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Industrial Crane Market Overview
11.4.2 Middle East and Africa Industrial Crane Market Forecasts and Analysis
11.4.3 Middle East and Africa Industrial Crane Market Forecasts and Analysis - By Type
11.4.4 Middle East and Africa Industrial Crane Market Forecasts and Analysis - By Hoist Arrangement
11.4.5 Middle East and Africa Industrial Crane Market Forecasts and Analysis - By Movability
11.4.6 Middle East and Africa Industrial Crane Market Forecasts and Analysis - By End User
11.4.7 Middle East and Africa Industrial Crane Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Industrial Crane Market
11.4.7.1.1 South Africa Industrial Crane Market by Type
11.4.7.1.2 South Africa Industrial Crane Market by Hoist Arrangement
11.4.7.1.3 South Africa Industrial Crane Market by Movability
11.4.7.1.4 South Africa Industrial Crane Market by End User
11.4.7.2 Saudi Arabia Industrial Crane Market
11.4.7.2.1 Saudi Arabia Industrial Crane Market by Type
11.4.7.2.2 Saudi Arabia Industrial Crane Market by Hoist Arrangement
11.4.7.2.3 Saudi Arabia Industrial Crane Market by Movability
11.4.7.2.4 Saudi Arabia Industrial Crane Market by End User
11.4.7.3 U.A.E Industrial Crane Market
11.4.7.3.1 U.A.E Industrial Crane Market by Type
11.4.7.3.2 U.A.E Industrial Crane Market by Hoist Arrangement
11.4.7.3.3 U.A.E Industrial Crane Market by Movability
11.4.7.3.4 U.A.E Industrial Crane Market by End User
11.4.7.4 Rest of Middle East and Africa Industrial Crane Market
11.4.7.4.1 Rest of Middle East and Africa Industrial Crane Market by Type
11.4.7.4.2 Rest of Middle East and Africa Industrial Crane Market by Hoist Arrangement
11.4.7.4.3 Rest of Middle East and Africa Industrial Crane Market by Movability
11.4.7.4.4 Rest of Middle East and Africa Industrial Crane Market by End User
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Industrial Crane Market Overview
11.5.2 South and Central America Industrial Crane Market Forecasts and Analysis
11.5.3 South and Central America Industrial Crane Market Forecasts and Analysis - By Type
11.5.4 South and Central America Industrial Crane Market Forecasts and Analysis - By Hoist Arrangement
11.5.5 South and Central America Industrial Crane Market Forecasts and Analysis - By Movability
11.5.6 South and Central America Industrial Crane Market Forecasts and Analysis - By End User
11.5.7 South and Central America Industrial Crane Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Industrial Crane Market
11.5.7.1.1 Brazil Industrial Crane Market by Type
11.5.7.1.2 Brazil Industrial Crane Market by Hoist Arrangement
11.5.7.1.3 Brazil Industrial Crane Market by Movability
11.5.7.1.4 Brazil Industrial Crane Market by End User
11.5.7.2 Argentina Industrial Crane Market
11.5.7.2.1 Argentina Industrial Crane Market by Type
11.5.7.2.2 Argentina Industrial Crane Market by Hoist Arrangement
11.5.7.2.3 Argentina Industrial Crane Market by Movability
11.5.7.2.4 Argentina Industrial Crane Market by End User
11.5.7.3 Rest of South and Central America Industrial Crane Market
11.5.7.3.1 Rest of South and Central America Industrial Crane Market by Type
11.5.7.3.2 Rest of South and Central America Industrial Crane Market by Hoist Arrangement
11.5.7.3.3 Rest of South and Central America Industrial Crane Market by Movability
11.5.7.3.4 Rest of South and Central America Industrial Crane Market by End User
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. INDUSTRIAL CRANE MARKET, KEY COMPANY PROFILES
13.1. AMERICAN CRANE
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. ELECTROMECH MATERIAL HANDLING SYSTEMS (INDIA) PVT. LTD.
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. GORBEL INC.
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. KONECRANES PLC
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. KUNDEL INDUSTRIES INC.
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. STREET CRANE COMPANY LIMITED
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. SUMITOMO HEAVY INDUSTRIES, LTD.
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. TEREX CORPORATION
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. UESCO CRANE
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. WHITING CORPORATION
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1.American Crane
2.ElectroMech Material Handling Systems (India) Pvt. Ltd.
3.GORBEL INC.
4.Konecranes PLC
5.Kundel Industries Inc.
6.Street Crane Company Limited
7.Sumitomo Heavy Industries, Ltd.
8.Terex Corporation
9.Uesco Crane
10.Whiting Corporation
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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