LCD Monitor Arm Market Growth Drivers, Strategies, Trends, and Forecast by 2031

Coverage: LCD Monitor Arm Market covers analysis By Type (Keyhole, Fixture, Wall Hanging); Application (Consumer Electronics, Medical Equipment, Financial, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00013798
  • Category : Electronics and Semiconductor
  • No. of Pages : 150
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The LCD Monitor Arm Market is expected to register a CAGR of 3.3% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.

The LCD Monitor Arm Market report covers analysis By Type (Keyhole, Fixture, Wall Hanging); Application (Consumer Electronics, Medical Equipment, Financial, Others). 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 Report

The report LCD Monitor Arm 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.

LCD Monitor Arm Market Segmentation

Type
  • Keyhole
  • Fixture
  • Wall Hanging
Application
  • Consumer Electronics
  • Medical Equipment
  • Financial
  • Others

Strategic Insights

LCD Monitor Arm Market Growth Drivers
  • Increased adoption of remote work: The COVID-19 pandemic accelerated the growth trend of remote work, which has driven the demand for ergonomic office furniture, such as LCD monitor arms. With the growing number of employees working from home, there is a need for comfortable, flexible, and space-efficient workstations that have contributed to the popularity of adjustable monitor arms. These arms enable users to customize their workspace, thus creating a more ergonomic setup that may reduce neck and back strain, especially for those who work long hours in front of screens.
  • Increasing Focus on Workplace Ergonomics: There is a growing trend to design ergonomic workspaces at home and in the workplace. LCD monitor arms aid in achieving ergonomic setups by enabling users to adjust the height, position, and angle of their monitor, which can reduce physical strain and increase productivity. As organizations and individuals start to be more aware of the benefits of ergonomics, the demand for products like LCD monitor arms also increases, especially in workplaces where a lot of time will be spent in front of a screen at work.
  • Advancements in the Technology of Display: Advances in LCD and LED displays with thinner profiles and more extensive screen sizes have established a need for strong and adjustable mounting solutions. With the development of LCD monitor arms, these advancements are supported and can hold larger, heavier monitors with flexibility in positioning. The demand for high-quality adjustable monitor arms that can sustain new, sophisticated displays developed by advancing display technology will be on the rise in the future.
LCD Monitor Arm Market Future Trends
  • Integration of Smart Features: A key trend in the LCD monitor arm market is the integration of smart features, such as built-in cable management systems, adjustable height control via electric motors, and even wireless charging stations for devices. These added functionalities not only enhance the user experience but also streamline the workstation setup, reducing clutter and improving workspace aesthetics. The shift towards “smart” ergonomic solutions is expected to grow as more consumers and businesses seek tech-integrated furniture.
  • Rising Popularity of Multi-Monitor Setups: The trend towards multi-monitor setups is growing, particularly in professions requiring high productivity, such as design, programming, finance, and gaming. LCD monitor arms are ideal for multi-monitor configurations as they provide the flexibility to position multiple monitors ergonomically and save desk space. The increasing use of multi-monitor systems for improved multitasking and workflow efficiency is one of the key drivers of demand for adjustable monitor arms.
  • Sustainable and Eco-friendly Materials: As sustainability becomes a critical focus across all sectors, the LCD monitor arm market is seeing a shift towards eco-friendly and sustainable materials. Manufacturers are increasingly using recyclable metals and sustainable plastics in the production of monitor arms to meet environmental regulations and appeal to environmentally conscious consumers. This trend is in line with the broader push for more sustainable office furniture and equipment, responding to both consumer demand and corporate sustainability initiatives.
LCD Monitor Arm Market Opportunities
  • Expansion of the Home Office Market: The rise in remote work and home offices is a great opportunity for the LCD monitor arm market. Most home workers invest in ergonomic office furniture to create a comfortable and productive working space. This has led to increased sales of LCD monitor arms as workers try to optimize their home workstations with multi-monitor setups and adjustable solutions. The home office market is an opportunity for manufacturers to tap into a growing customer base by targeting this market with affordable, easy-to-install monitor arms.
  • Growth in the E-commerce Sector: With more people purchasing products over the web, there are a high number of prospects for this market of LCD monitor arm. With the emergence of increased online businesses, the product is going to reach most people online as consumers look for an easy shopping experience. Selling through leading online retailers and special e-commerce platforms can serve the purpose of catering to all markets by targeting office furniture in a home setting or refreshing an existing one.
  • Corporate Investment in Employee Well-being: Companies are now investing in employee wellness programs, and ergonomic furniture is an important part of such initiatives. Ergonomic desks and monitor arms are being provided to employees by businesses as part of corporate wellness programs to reduce the risk of musculoskeletal issues and enhance overall well-being. This provides an opportunity for the LCD monitor arm market, especially in regions where employers are focusing on workplace health and productivity.

Market Report Scope

Key Selling Points

  • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the LCD Monitor Arm 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 LCD Monitor Arm Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.

REGIONAL FRAMEWORK
World Geography

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Report Coverage
Report Coverage

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

Segment Covered
Segment Covered

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Regional Scope
Regional Scope

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

Country Scope
Country Scope

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to country scope.

Frequently Asked Questions


What are the options available for the customization of this report?

Some of the customization options available based on request are additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.

What are the deliverable formats of this report?

The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.

Which are the key players in the LCD Monitor Arm Market?

Key companies of this market are: Atdec Pty Ltd, Diwei Industrial Co., Ltd., Ergotron, Inc., Herman Miller, Inc., Highgrade Tech. Co., Ltd, Humanscale, Innovative Office Products, LLC, Loctek Ergonomic Technology Corp., Modernsolid Industrial Co., Ltd.

What are the future trends in the LCD Monitor Arm Market?

Key future trends in this market are - Growing Ergonomic Awareness, Expansion in Gaming and Entertainment, Sustainability in Materials

What is the expected CAGR of the LCD Monitor Arm Market?

The LCD Monitor Arm Market is estimated to witness a CAGR of 3.3% from 2023 to 2031.

What are the driving factors impacting the LCD Monitor Arm Market?

The major factors driving the market are: Rising demand for ergonomic workstations, Expanding home office setups, Technological advancements in designs

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 LCD Monitor Arm Market - By Type
1.3.2 LCD Monitor Arm Market - By Application
1.3.3 LCD Monitor Arm Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. LCD MONITOR ARM 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. LCD MONITOR ARM 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. LCD MONITOR ARM MARKET - GLOBAL MARKET ANALYSIS
6.1. LCD MONITOR ARM - GLOBAL MARKET OVERVIEW
6.2. LCD MONITOR ARM - GLOBAL MARKET AND FORECAST TO 2027
6.3. MARKET POSITIONING/MARKET SHARE

7. LCD MONITOR ARM MARKET - REVENUE AND FORECASTS TO 2027 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. KEYHOLE
7.3.1. Overview
7.3.2. Keyhole Market Forecast and Analysis
7.4. FIXTURE
7.4.1. Overview
7.4.2. Fixture Market Forecast and Analysis
7.5. WALL HANGING
7.5.1. Overview
7.5.2. Wall Hanging Market Forecast and Analysis
8. LCD MONITOR ARM MARKET - REVENUE AND FORECASTS TO 2027 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. CONSUMER ELECTRONICS
8.3.1. Overview
8.3.2. Consumer Electronics Market Forecast and Analysis
8.4. MEDICAL EQUIPMENT
8.4.1. Overview
8.4.2. Medical Equipment Market Forecast and Analysis
8.5. FINANCIAL
8.5.1. Overview
8.5.2. Financial Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis

9. LCD MONITOR ARM MARKET REVENUE AND FORECASTS TO 2027 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America LCD Monitor Arm Market Overview
9.1.2 North America LCD Monitor Arm Market Forecasts and Analysis
9.1.3 North America LCD Monitor Arm Market Forecasts and Analysis - By Type
9.1.4 North America LCD Monitor Arm Market Forecasts and Analysis - By Application
9.1.5 North America LCD Monitor Arm Market Forecasts and Analysis - By Countries
9.1.5.1 United States LCD Monitor Arm Market
9.1.5.1.1 United States LCD Monitor Arm Market by Type
9.1.5.1.2 United States LCD Monitor Arm Market by Application
9.1.5.2 Canada LCD Monitor Arm Market
9.1.5.2.1 Canada LCD Monitor Arm Market by Type
9.1.5.2.2 Canada LCD Monitor Arm Market by Application
9.1.5.3 Mexico LCD Monitor Arm Market
9.1.5.3.1 Mexico LCD Monitor Arm Market by Type
9.1.5.3.2 Mexico LCD Monitor Arm Market by Application
9.2. EUROPE
9.2.1 Europe LCD Monitor Arm Market Overview
9.2.2 Europe LCD Monitor Arm Market Forecasts and Analysis
9.2.3 Europe LCD Monitor Arm Market Forecasts and Analysis - By Type
9.2.4 Europe LCD Monitor Arm Market Forecasts and Analysis - By Application
9.2.5 Europe LCD Monitor Arm Market Forecasts and Analysis - By Countries
9.2.5.1 Germany LCD Monitor Arm Market
9.2.5.1.1 Germany LCD Monitor Arm Market by Type
9.2.5.1.2 Germany LCD Monitor Arm Market by Application
9.2.5.2 France LCD Monitor Arm Market
9.2.5.2.1 France LCD Monitor Arm Market by Type
9.2.5.2.2 France LCD Monitor Arm Market by Application
9.2.5.3 Italy LCD Monitor Arm Market
9.2.5.3.1 Italy LCD Monitor Arm Market by Type
9.2.5.3.2 Italy LCD Monitor Arm Market by Application
9.2.5.4 United Kingdom LCD Monitor Arm Market
9.2.5.4.1 United Kingdom LCD Monitor Arm Market by Type
9.2.5.4.2 United Kingdom LCD Monitor Arm Market by Application
9.2.5.5 Russia LCD Monitor Arm Market
9.2.5.5.1 Russia LCD Monitor Arm Market by Type
9.2.5.5.2 Russia LCD Monitor Arm Market by Application
9.2.5.6 Rest of Europe LCD Monitor Arm Market
9.2.5.6.1 Rest of Europe LCD Monitor Arm Market by Type
9.2.5.6.2 Rest of Europe LCD Monitor Arm Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific LCD Monitor Arm Market Overview
9.3.2 Asia-Pacific LCD Monitor Arm Market Forecasts and Analysis
9.3.3 Asia-Pacific LCD Monitor Arm Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific LCD Monitor Arm Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific LCD Monitor Arm Market Forecasts and Analysis - By Countries
9.3.5.1 Australia LCD Monitor Arm Market
9.3.5.1.1 Australia LCD Monitor Arm Market by Type
9.3.5.1.2 Australia LCD Monitor Arm Market by Application
9.3.5.2 China LCD Monitor Arm Market
9.3.5.2.1 China LCD Monitor Arm Market by Type
9.3.5.2.2 China LCD Monitor Arm Market by Application
9.3.5.3 India LCD Monitor Arm Market
9.3.5.3.1 India LCD Monitor Arm Market by Type
9.3.5.3.2 India LCD Monitor Arm Market by Application
9.3.5.4 Japan LCD Monitor Arm Market
9.3.5.4.1 Japan LCD Monitor Arm Market by Type
9.3.5.4.2 Japan LCD Monitor Arm Market by Application
9.3.5.5 South Korea LCD Monitor Arm Market
9.3.5.5.1 South Korea LCD Monitor Arm Market by Type
9.3.5.5.2 South Korea LCD Monitor Arm Market by Application
9.3.5.6 Rest of Asia-Pacific LCD Monitor Arm Market
9.3.5.6.1 Rest of Asia-Pacific LCD Monitor Arm Market by Type
9.3.5.6.2 Rest of Asia-Pacific LCD Monitor Arm Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa LCD Monitor Arm Market Overview
9.4.2 Middle East and Africa LCD Monitor Arm Market Forecasts and Analysis
9.4.3 Middle East and Africa LCD Monitor Arm Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa LCD Monitor Arm Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa LCD Monitor Arm Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa LCD Monitor Arm Market
9.4.5.1.1 South Africa LCD Monitor Arm Market by Type
9.4.5.1.2 South Africa LCD Monitor Arm Market by Application
9.4.5.2 Saudi Arabia LCD Monitor Arm Market
9.4.5.2.1 Saudi Arabia LCD Monitor Arm Market by Type
9.4.5.2.2 Saudi Arabia LCD Monitor Arm Market by Application
9.4.5.3 U.A.E LCD Monitor Arm Market
9.4.5.3.1 U.A.E LCD Monitor Arm Market by Type
9.4.5.3.2 U.A.E LCD Monitor Arm Market by Application
9.4.5.4 Rest of Middle East and Africa LCD Monitor Arm Market
9.4.5.4.1 Rest of Middle East and Africa LCD Monitor Arm Market by Type
9.4.5.4.2 Rest of Middle East and Africa LCD Monitor Arm Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America LCD Monitor Arm Market Overview
9.5.2 South and Central America LCD Monitor Arm Market Forecasts and Analysis
9.5.3 South and Central America LCD Monitor Arm Market Forecasts and Analysis - By Type
9.5.4 South and Central America LCD Monitor Arm Market Forecasts and Analysis - By Application
9.5.5 South and Central America LCD Monitor Arm Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil LCD Monitor Arm Market
9.5.5.1.1 Brazil LCD Monitor Arm Market by Type
9.5.5.1.2 Brazil LCD Monitor Arm Market by Application
9.5.5.2 Argentina LCD Monitor Arm Market
9.5.5.2.1 Argentina LCD Monitor Arm Market by Type
9.5.5.2.2 Argentina LCD Monitor Arm Market by Application
9.5.5.3 Rest of South and Central America LCD Monitor Arm Market
9.5.5.3.1 Rest of South and Central America LCD Monitor Arm Market by Type
9.5.5.3.2 Rest of South and Central America LCD Monitor Arm Market 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. LCD MONITOR ARM MARKET, KEY COMPANY PROFILES
11.1. ATDEC PTY LTD
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. DIWEI INDUSTRIAL CO., 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. ERGOTRON, INC.
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. HERMAN MILLER, INC.
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. HIGHGRADE TECH. 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. HUMANSCALE
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. INNOVATIVE OFFICE PRODUCTS, LLC
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. LOCTEK ERGONOMIC TECHNOLOGY CORP.
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. MODERNSOLID INDUSTRIAL CO., LTD.
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. ZIOTEK
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.Atdec Pty Ltd
2.Diwei Industrial Co., Ltd.
3.Ergotron, Inc.
4.Herman Miller, Inc.
5.Highgrade Tech. Co., Ltd
6.Humanscale
7.Innovative Office Products, LLC
8.Loctek Ergonomic Technology Corp.
9.Modernsolid Industrial Co., Ltd.
10.Ziotek

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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