Lathe Machine Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Lathe Machine Market covers analysis by Lathe Type (Horizontal, Vertical); Mode of Operation (Conventional, CNC); End User (Automotive, General machinery, Transportation, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPMC00002752
  • Category : Manufacturing and Construction
  • No. of Pages : 150
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Lathe Machine Market Key Findings by 2031

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MARKET OVERVIEW
A lathe is a machine tool that uses tools to spin a workpiece around an axis of rotation to accomplish operations such as cutting, sanding, knurling, drilling, deformation, facing, and turning. Woodturning, metalworking, metal spinning, thermal spraying, parts reclamation, and glassoworking are all done on lathes. Pottery may be shaped on lathes, with the Potter's wheel being the most welloknown design. Most metalworking lathes that are properly equipped can also create most solids of rotation, flat surfaces, and screw threads or helices. 

MARKET SCOPE
The "Global Lathe Machine Market Analysis to 2031" is a specialized and inodepth study of the manufacturing and construction industry with a special focus on the global market trend analysis. The report aims to provide an overview of the lathe machine market with detailed market segmentation by lathe type, mode of operation, end user, and geography. The report provides key statistics on the market status of the leading lathe machine market players and offers key trends and opportunities in the market. 

MARKET SEGMENTATION
  • On the basis of lathe type, the market is segmented as horizontal, and vertical. 
  • On the basis of mode of operation, the market is segmented as conventional, and CNC. 
  • On the basis of end user, the market is segmented as automotive, general machinery, transportation, and others. 
MARKET DYNAMICS

Drivers     
  • Growth in consumer disposable income
  • Growing dominance of CNC lathes
Restraints
  • Government and environmental regulations
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, AsiaoPacific (APAC), the Middle East and Africa (MEA), and South America. The lathe machine market by each region is later subosegmented 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 market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i. e. , drivers, restraints, opportunities, and future trends. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the lathe machine market in these regions

IMPACT OF COVID-19 ON LATHE MACHINE MARKET
The outbreak of the COVID-19 has severely impacted the manufacturing, and construction industries, which resulted in lower production and sales of lathe machine in the year 2021. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. Further, the shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and declined the sale of lathe machine for specific periods. However, as economies started to open in 2021, market normalized the sale volume with an increase in construction and manufacturing activities. Rapid growth of the automotive industry increases the production of automobiles, which augments the demand for lathe machines. 

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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 global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, AsiaoPacific (APAC), the Middle East and Africa (MEA), and South America. The lathe machine market by each region is later subosegmented 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 market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i. e. , drivers, restraints, opportunities, and future trends. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the lathe machine market in these regions

IMPACT OF COVID-19 ON LATHE MACHINE MARKET
The outbreak of the COVID-19 has severely impacted the manufacturing, and construction industries, which resulted in lower production and sales of lathe machine in the year 2021. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. Further, the shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and declined the sale of lathe machine for specific periods. However, as economies started to open in 2021, market normalized the sale volume with an increase in construction and manufacturing activities. Rapid growth of the automotive industry increases the production of automobiles, which augments the demand for lathe machines. 

MARKET PLAYERS
The report covers key developments in the lathe machine 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 the expansion of business and customer base of market players. The market payers from lathe machine market is anticipated to lucrative growth opportunities in the future with the rising demand for lathe machine in the global market. 
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the lathe machine market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years. 
  • Okuma Corporation
  • JTEKT Corporation
  • HMT Machine Tools Limited
  • Hardinge Inc. 
  • Haas Automation, Inc
  • Doosan Machine Tools
  • DMG MORI. CO. , LTD. 
  • General Technology Group Dalian Machine Tool Corporation
  • SMEC CO. , LTD. 
  • YAMAZAKI MAZAK 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. 
manufacturing-and-construction Access Data
Research Criteria
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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.

1. INTRODUCTION
1. 1. SCOPE OF THE STUDY
1. 2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1. 3. MARKET SEGMENTATION
1. 3. 1 Lathe Machine Market - By Lathe Type
1. 3. 2 Lathe Machine Market - By Mode of Operation
1. 3. 3 Lathe Machine Market - By End User
1. 3. 4 Lathe Machine Market - By Region
1. 3. 4. 1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. LATHE MACHINE MARKET LANDSCAPE
4. 1. OVERVIEW
4. 2. PORTER'S FIVE FORCES ANALYSIS
4. 2. 1 Bargaining Power of Buyers
4. 2. 1 Bargaining Power of Suppliers
4. 2. 1 Threat of Substitute
4. 2. 1 Threat of New Entrants
4. 2. 1 Competitive Rivalry
4. 3. ECOSYSTEM ANALYSIS
4. 4. EXPERT OPINIONS

5. LATHE MACHINE 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. LATHE MACHINE MARKET - GLOBAL MARKET ANALYSIS
6. 1. LATHE MACHINE - GLOBAL MARKET OVERVIEW
6. 2. LATHE MACHINE - GLOBAL MARKET AND FORECAST TO 2028
6. 3. MARKET POSITIONING/MARKET SHARE

7. LATHE MACHINE MARKET - REVENUE AND FORECASTS TO 2028 - LATHE TYPE
7. 1. OVERVIEW
7. 2. LATHE TYPE MARKET FORECASTS AND ANALYSIS
7. 3. HORIZONTAL
7. 3. 1. Overview
7. 3. 2. Horizontal Market Forecast and Analysis
7. 4. VERTICAL
7. 4. 1. Overview
7. 4. 2. Vertical Market Forecast and Analysis
8. LATHE MACHINE MARKET - REVENUE AND FORECASTS TO 2028 - MODE OF OPERATION
8. 1. OVERVIEW
8. 2. MODE OF OPERATION MARKET FORECASTS AND ANALYSIS
8. 3. CONVENTIONAL
8. 3. 1. Overview
8. 3. 2. Conventional Market Forecast and Analysis
8. 4. CNC
8. 4. 1. Overview
8. 4. 2. CNC Market Forecast and Analysis

9. LATHE MACHINE MARKET - REVENUE AND FORECASTS TO 2028 - END USER
9. 1. OVERVIEW
9. 2. END USER MARKET FORECASTS AND ANALYSIS
9. 3. AUTOMOTIVE
9. 3. 1. Overview
9. 3. 2. Automotive Market Forecast and Analysis
9. 4. GENERAL MACHINERY
9. 4. 1. Overview
9. 4. 2. General machinery Market Forecast and Analysis
9. 5. TRANSPORTATION
9. 5. 1. Overview
9. 5. 2. Transportation Market Forecast and Analysis
9. 6. OTHERS
9. 6. 1. Overview
9. 6. 2. Others Market Forecast and Analysis

10. LATHE MACHINE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10. 1. NORTH AMERICA
10. 1. 1 North America Lathe Machine Market Overview
10. 1. 2 North America Lathe Machine Market Forecasts and Analysis
10. 1. 3 North America Lathe Machine Market Forecasts and Analysis - By Lathe Type
10. 1. 4 North America Lathe Machine Market Forecasts and Analysis - By Mode of Operation
10. 1. 5 North America Lathe Machine Market Forecasts and Analysis - By End User
10. 1. 6 North America Lathe Machine Market Forecasts and Analysis - By Countries
10. 1. 6. 1 United States Lathe Machine Market
10. 1. 6. 1. 1 United States Lathe Machine Market by Lathe Type
10. 1. 6. 1. 2 United States Lathe Machine Market by Mode of Operation
10. 1. 6. 1. 3 United States Lathe Machine Market by End User
10. 1. 6. 2 Canada Lathe Machine Market
10. 1. 6. 2. 1 Canada Lathe Machine Market by Lathe Type
10. 1. 6. 2. 2 Canada Lathe Machine Market by Mode of Operation
10. 1. 6. 2. 3 Canada Lathe Machine Market by End User
10. 1. 6. 3 Mexico Lathe Machine Market
10. 1. 6. 3. 1 Mexico Lathe Machine Market by Lathe Type
10. 1. 6. 3. 2 Mexico Lathe Machine Market by Mode of Operation
10. 1. 6. 3. 3 Mexico Lathe Machine Market by End User
10. 2. EUROPE
10. 2. 1 Europe Lathe Machine Market Overview
10. 2. 2 Europe Lathe Machine Market Forecasts and Analysis
10. 2. 3 Europe Lathe Machine Market Forecasts and Analysis - By Lathe Type
10. 2. 4 Europe Lathe Machine Market Forecasts and Analysis - By Mode of Operation
10. 2. 5 Europe Lathe Machine Market Forecasts and Analysis - By End User
10. 2. 6 Europe Lathe Machine Market Forecasts and Analysis - By Countries
10. 2. 6. 1 Germany Lathe Machine Market
10. 2. 6. 1. 1 Germany Lathe Machine Market by Lathe Type
10. 2. 6. 1. 2 Germany Lathe Machine Market by Mode of Operation
10. 2. 6. 1. 3 Germany Lathe Machine Market by End User
10. 2. 6. 2 France Lathe Machine Market
10. 2. 6. 2. 1 France Lathe Machine Market by Lathe Type
10. 2. 6. 2. 2 France Lathe Machine Market by Mode of Operation
10. 2. 6. 2. 3 France Lathe Machine Market by End User
10. 2. 6. 3 Italy Lathe Machine Market
10. 2. 6. 3. 1 Italy Lathe Machine Market by Lathe Type
10. 2. 6. 3. 2 Italy Lathe Machine Market by Mode of Operation
10. 2. 6. 3. 3 Italy Lathe Machine Market by End User
10. 2. 6. 4 United Kingdom Lathe Machine Market
10. 2. 6. 4. 1 United Kingdom Lathe Machine Market by Lathe Type
10. 2. 6. 4. 2 United Kingdom Lathe Machine Market by Mode of Operation
10. 2. 6. 4. 3 United Kingdom Lathe Machine Market by End User
10. 2. 6. 5 Russia Lathe Machine Market
10. 2. 6. 5. 1 Russia Lathe Machine Market by Lathe Type
10. 2. 6. 5. 2 Russia Lathe Machine Market by Mode of Operation
10. 2. 6. 5. 3 Russia Lathe Machine Market by End User
10. 2. 6. 6 Rest of Europe Lathe Machine Market
10. 2. 6. 6. 1 Rest of Europe Lathe Machine Market by Lathe Type
10. 2. 6. 6. 2 Rest of Europe Lathe Machine Market by Mode of Operation
10. 2. 6. 6. 3 Rest of Europe Lathe Machine Market by End User
10. 3. ASIA-PACIFIC
10. 3. 1 Asia-Pacific Lathe Machine Market Overview
10. 3. 2 Asia-Pacific Lathe Machine Market Forecasts and Analysis
10. 3. 3 Asia-Pacific Lathe Machine Market Forecasts and Analysis - By Lathe Type
10. 3. 4 Asia-Pacific Lathe Machine Market Forecasts and Analysis - By Mode of Operation
10. 3. 5 Asia-Pacific Lathe Machine Market Forecasts and Analysis - By End User
10. 3. 6 Asia-Pacific Lathe Machine Market Forecasts and Analysis - By Countries
10. 3. 6. 1 Australia Lathe Machine Market
10. 3. 6. 1. 1 Australia Lathe Machine Market by Lathe Type
10. 3. 6. 1. 2 Australia Lathe Machine Market by Mode of Operation
10. 3. 6. 1. 3 Australia Lathe Machine Market by End User
10. 3. 6. 2 China Lathe Machine Market
10. 3. 6. 2. 1 China Lathe Machine Market by Lathe Type
10. 3. 6. 2. 2 China Lathe Machine Market by Mode of Operation
10. 3. 6. 2. 3 China Lathe Machine Market by End User
10. 3. 6. 3 India Lathe Machine Market
10. 3. 6. 3. 1 India Lathe Machine Market by Lathe Type
10. 3. 6. 3. 2 India Lathe Machine Market by Mode of Operation
10. 3. 6. 3. 3 India Lathe Machine Market by End User
10. 3. 6. 4 Japan Lathe Machine Market
10. 3. 6. 4. 1 Japan Lathe Machine Market by Lathe Type
10. 3. 6. 4. 2 Japan Lathe Machine Market by Mode of Operation
10. 3. 6. 4. 3 Japan Lathe Machine Market by End User
10. 3. 6. 5 South Korea Lathe Machine Market
10. 3. 6. 5. 1 South Korea Lathe Machine Market by Lathe Type
10. 3. 6. 5. 2 South Korea Lathe Machine Market by Mode of Operation
10. 3. 6. 5. 3 South Korea Lathe Machine Market by End User
10. 3. 6. 6 Rest of Asia-Pacific Lathe Machine Market
10. 3. 6. 6. 1 Rest of Asia-Pacific Lathe Machine Market by Lathe Type
10. 3. 6. 6. 2 Rest of Asia-Pacific Lathe Machine Market by Mode of Operation
10. 3. 6. 6. 3 Rest of Asia-Pacific Lathe Machine Market by End User
10. 4. MIDDLE EAST AND AFRICA
10. 4. 1 Middle East and Africa Lathe Machine Market Overview
10. 4. 2 Middle East and Africa Lathe Machine Market Forecasts and Analysis
10. 4. 3 Middle East and Africa Lathe Machine Market Forecasts and Analysis - By Lathe Type
10. 4. 4 Middle East and Africa Lathe Machine Market Forecasts and Analysis - By Mode of Operation
10. 4. 5 Middle East and Africa Lathe Machine Market Forecasts and Analysis - By End User
10. 4. 6 Middle East and Africa Lathe Machine Market Forecasts and Analysis - By Countries
10. 4. 6. 1 South Africa Lathe Machine Market
10. 4. 6. 1. 1 South Africa Lathe Machine Market by Lathe Type
10. 4. 6. 1. 2 South Africa Lathe Machine Market by Mode of Operation
10. 4. 6. 1. 3 South Africa Lathe Machine Market by End User
10. 4. 6. 2 Saudi Arabia Lathe Machine Market
10. 4. 6. 2. 1 Saudi Arabia Lathe Machine Market by Lathe Type
10. 4. 6. 2. 2 Saudi Arabia Lathe Machine Market by Mode of Operation
10. 4. 6. 2. 3 Saudi Arabia Lathe Machine Market by End User
10. 4. 6. 3 U. A. E Lathe Machine Market
10. 4. 6. 3. 1 U. A. E Lathe Machine Market by Lathe Type
10. 4. 6. 3. 2 U. A. E Lathe Machine Market by Mode of Operation
10. 4. 6. 3. 3 U. A. E Lathe Machine Market by End User
10. 4. 6. 4 Rest of Middle East and Africa Lathe Machine Market
10. 4. 6. 4. 1 Rest of Middle East and Africa Lathe Machine Market by Lathe Type
10. 4. 6. 4. 2 Rest of Middle East and Africa Lathe Machine Market by Mode of Operation
10. 4. 6. 4. 3 Rest of Middle East and Africa Lathe Machine Market by End User
10. 5. SOUTH AND CENTRAL AMERICA
10. 5. 1 South and Central America Lathe Machine Market Overview
10. 5. 2 South and Central America Lathe Machine Market Forecasts and Analysis
10. 5. 3 South and Central America Lathe Machine Market Forecasts and Analysis - By Lathe Type
10. 5. 4 South and Central America Lathe Machine Market Forecasts and Analysis - By Mode of Operation
10. 5. 5 South and Central America Lathe Machine Market Forecasts and Analysis - By End User
10. 5. 6 South and Central America Lathe Machine Market Forecasts and Analysis - By Countries
10. 5. 6. 1 Brazil Lathe Machine Market
10. 5. 6. 1. 1 Brazil Lathe Machine Market by Lathe Type
10. 5. 6. 1. 2 Brazil Lathe Machine Market by Mode of Operation
10. 5. 6. 1. 3 Brazil Lathe Machine Market by End User
10. 5. 6. 2 Argentina Lathe Machine Market
10. 5. 6. 2. 1 Argentina Lathe Machine Market by Lathe Type
10. 5. 6. 2. 2 Argentina Lathe Machine Market by Mode of Operation
10. 5. 6. 2. 3 Argentina Lathe Machine Market by End User
10. 5. 6. 3 Rest of South and Central America Lathe Machine Market
10. 5. 6. 3. 1 Rest of South and Central America Lathe Machine Market by Lathe Type
10. 5. 6. 3. 2 Rest of South and Central America Lathe Machine Market by Mode of Operation
10. 5. 6. 3. 3 Rest of South and Central America Lathe Machine 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. LATHE MACHINE MARKET, KEY COMPANY PROFILES
12. 1. OKUMA CORPORATION
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. JTEKT CORPORATION
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. HMT MACHINE TOOLS LIMITED
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. HARDINGE INC.
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. HAAS AUTOMATION, INC
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. DOOSAN MACHINE TOOLS
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. DMG MORI. CO. , LTD.
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. GENERAL TECHNOLOGY GROUP DALIAN MACHINE TOOL CORPORATION
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. SMEC CO. , LTD.
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. YAMAZAKI MAZAK CORPORATION
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

The List of Companies
  1. 1Okuma Corporation
  2. JTEKT Corporation
  3. HMT Machine Tools Limited
  4. Hardinge Inc. 
  5. Haas Automation, Inc
  6. Doosan Machine Tools
  7. DMG MORI. CO. , LTD. 
  8. General Technology Group Dalian Machine Tool Corporation
  9. SMEC CO. , LTD. 
  10. YAMAZAKI MAZAK CORPORATION

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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