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

Coverage: Leisure Boats Market covers analysis by Type (New Leisure Boats, Used Leisure Boats); Application (Sailboats, Dry Cargo Vessels, Runabouts, Towboats, Jet Boats, Cabin Cruiser, Watercrafts) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPMC00002753
  • Category : Automotive and Transportation
  • No. of Pages : 150
Buy Now

Leisure Boats Market Strategies and Share 2031

Buy Now

The Leisure Boats Market is expected to register a CAGR of 5.1% 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 Type (New Leisure Boats, Used Leisure Boats); Application (Sailboats, Dry Cargo Vessels, Runabouts, Towboats, Jet Boats, Cabin Cruiser, Watercrafts). 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 Leisure Boats 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.

Leisure Boats Market Segmentation

Type
  • New Leisure Boats
  • Used Leisure Boats
Application
  • Sailboats
  • Dry Cargo Vessels
  • Runabouts
  • Towboats
  • Jet Boats
  • Cabin Cruiser
  • Watercrafts

Strategic Insights

Leisure Boats Market Growth Drivers
  • Rising Disposable Income and Leisure Preferences Driving Boat Market Expansion: Increasing disposable incomes in developed and emerging economies are fueling recreational boating market growth. Growing middle-class populations with enhanced purchasing power are viewing leisure boats as aspirational lifestyle assets. Consumers are seeking diverse boating experiences, ranging from weekend recreational activities to luxury water sports, driving manufacturers to develop more accessible, technologically advanced, and versatile boat designs that cater to varying consumer preferences and economic segments.
  • Tourism and Recreational Activities Propelling Leisure Boat Market Growth: Global tourism recovery and increasing interest in water-based recreational activities are significantly contributing to leisure boat market expansion. Growing adventure tourism, coastal recreational experiences, and marine leisure activities are creating substantial demand for various boat types. Consumers are increasingly viewing boats as essential tools for personal recreation, family entertainment, and exploration, driving market growth across different boat categories and price segments.
  • Technological Innovations and Performance Enhancements Generating Market Opportunities: Continuous technological advancements in boat design, propulsion systems, and marine technologies are driving leisure boat market evolution. Manufacturers are introducing innovative features such as improved fuel efficiency, advanced navigation systems, enhanced safety technologies, and sustainable propulsion options. These technological improvements are attracting tech-savvy consumers and creating new market segments by offering more sophisticated, reliable, and environmentally conscious leisure boat solutions.
Leisure Boats Market Future Trends
  • Sustainable and Eco-Friendly Boat Design Technologies: The leisure boat market is experiencing a significant shift towards sustainable and environmentally friendly design technologies. Manufacturers are developing electric and hybrid propulsion systems, utilizing eco-friendly materials, and implementing energy-efficient design principles. This trend reflects growing environmental consciousness among consumers and regulatory pressures, driving innovation in boat manufacturing towards more sustainable and responsible marine recreational technologies.
  • Digital Integration and Smart Boat Technologies: Advanced digital technologies are transforming leisure boat experiences through sophisticated navigation, connectivity, and entertainment systems. Integrated digital platforms, IoT-enabled monitoring, advanced navigation tools, and smart communication technologies are enhancing user experience and safety. Manufacturers are incorporating artificial intelligence, real-time performance tracking, and advanced connectivity features to create more intelligent, user-friendly, and technologically advanced leisure boat solutions.
Leisure Boats Market Opportunities
  • Emerging Market Expansion and Regional Diversification: Developing markets present substantial opportunities for leisure boat manufacturers to introduce innovative, region-specific boat designs. Growing middle-class populations in emerging economies, increasing disposable incomes, and evolving recreational preferences are creating new market segments. Manufacturers can develop tailored boat solutions addressing unique regional requirements, such as specific water conditions, local recreational preferences, and economic constraints.
  • Customization and Personalized Boat Experiences: The trend towards personalized and customizable leisure boat experiences offers significant market opportunities. Consumers are seeking boats that reflect individual preferences, lifestyle requirements, and aesthetic sensibilities. Manufacturers can develop flexible design platforms, modular boat configurations, and extensive customization options that allow customers to create unique, personalized boating experiences across different recreational and lifestyle segments.

Market Report Scope

Key Selling Points

  • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Leisure Boats 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 Leisure Boats 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

Have a question?

Analyst

Naveen

Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

Analyst   Speak to Analyst
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities
MARKET PLAYERS
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities
Report Coverage
Report Coverage

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

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

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

Country Scope
Country Scope

This text is related
to country scope.

Frequently Asked Questions


What is the expected CAGR of the Leisure Boats Market?

The Leisure Boats Market is estimated to witness a CAGR of 5.1% from 2023 to 2031

What are the growth opportunities impacting the global Leisure Boats Market?

The major factors driving the Leisure Boats Market are:Emerging Trend of Outdoor Leisure Activities#Boat Designing Technology

What is the future trend of the Leisure Boats Market?

Customization and Personalization is the key future trend of the Leisure Boats Market

Which are the leading players operating in the Leisure Boats Market

The leading players operating in the Leisure Boats Market include AL FAJER MARINE L L C, AL Hareb Marine, Al Shaali Group, Bavaria Yachtbau GmbH, Brunswick Corporation, Chaparral Boats Inc, FERRETTI SPA, Fountain Powerboats, and Gulf Craft Inc

What are the deliverable formats of the report?

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

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

Some of the customization options available based on the request are an 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.

1. INTRODUCTION
1. 1. SCOPE OF THE STUDY
1. 2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1. 3. MARKET SEGMENTATION
1. 3. 1Leisure Boats Market - By Type
1. 3. 2Leisure Boats Market - By Application
1. 3. 3Leisure Boats Market - By Region
1. 3. 3. 1By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

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

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

7. LEISURE BOATS MARKET - REVENUE AND FORECASTS TO 2028 â"" TYPE
7. 1. OVERVIEW
7. 2. TYPE MARKET FORECASTS AND ANALYSIS
7. 3. NEW LEISURE BOATS
7. 3. 1. Overview
7. 3. 2. New Leisure Boats Market Forecast and Analysis
7. 4. USED LEISURE BOATS
7. 4. 1. Overview
7. 4. 2. Used Leisure Boats Market Forecast and Analysis

8. LEISURE BOATS MARKET - REVENUE AND FORECASTS TO 2028 â"" APPLICATION
8. 1. OVERVIEW
8. 2. APPLICATION MARKET FORECASTS AND ANALYSIS
8. 3. SAILBOATS
8. 3. 1. Overview
8. 3. 2. Sailboats Market Forecast and Analysis
8. 4. DRY CARGO VESSELS
8. 4. 1. Overview
8. 4. 2. Dry Cargo Vessels Market Forecast and Analysis
8. 5. RUNABOUTS
8. 5. 1. Overview
8. 5. 2. Runabouts Market Forecast and Analysis
8. 6. TOWBOATS
8. 6. 1. Overview
8. 6. 2. Towboats Market Forecast and Analysis
8. 7. JET BOATS
8. 7. 1. Overview
8. 7. 2. Jet Boats Market Forecast and Analysis
8. 8. CABIN CRUISER
8. 8. 1. Overview
8. 8. 2. Cabin Cruiser Market Forecast and Analysis
8. 9. WATERCRAFTS
8. 9. 1. Overview
8. 9. 2. Watercrafts Market Forecast and Analysis

9. LEISURE BOATS MARKET REVENUE AND FORECASTS TO 2028 â"" GEOGRAPHICAL ANALYSIS
9. 1. NORTH AMERICA
9. 1. 1North America Leisure Boats Market Overview
9. 1. 2North America Leisure Boats Market Forecasts and Analysis
9. 1. 3North America Leisure Boats Market Forecasts and Analysis - By Type
9. 1. 4North America Leisure Boats Market Forecasts and Analysis - By Application
9. 1. 5North America Leisure Boats Market Forecasts and Analysis - By Countries
9. 1. 5. 1United States Leisure Boats Market
9. 1. 5. 1. 1United States Leisure Boats Market by Type
9. 1. 5. 1. 2United States Leisure Boats Market by Application
9. 1. 5. 2Canada Leisure Boats Market
9. 1. 5. 2. 1Canada Leisure Boats Market by Type
9. 1. 5. 2. 2Canada Leisure Boats Market by Application
9. 1. 5. 3Mexico Leisure Boats Market
9. 1. 5. 3. 1Mexico Leisure Boats Market by Type
9. 1. 5. 3. 2Mexico Leisure Boats Market by Application
9. 2. EUROPE
9. 2. 1Europe Leisure Boats Market Overview
9. 2. 2Europe Leisure Boats Market Forecasts and Analysis
9. 2. 3Europe Leisure Boats Market Forecasts and Analysis - By Type
9. 2. 4Europe Leisure Boats Market Forecasts and Analysis - By Application
9. 2. 5Europe Leisure Boats Market Forecasts and Analysis - By Countries
9. 2. 5. 1Germany Leisure Boats Market
9. 2. 5. 1. 1Germany Leisure Boats Market by Type
9. 2. 5. 1. 2Germany Leisure Boats Market by Application
9. 2. 5. 2France Leisure Boats Market
9. 2. 5. 2. 1France Leisure Boats Market by Type
9. 2. 5. 2. 2France Leisure Boats Market by Application
9. 2. 5. 3Italy Leisure Boats Market
9. 2. 5. 3. 1Italy Leisure Boats Market by Type
9. 2. 5. 3. 2Italy Leisure Boats Market by Application
9. 2. 5. 4United Kingdom Leisure Boats Market
9. 2. 5. 4. 1United Kingdom Leisure Boats Market by Type
9. 2. 5. 4. 2United Kingdom Leisure Boats Market by Application
9. 2. 5. 5Russia Leisure Boats Market
9. 2. 5. 5. 1Russia Leisure Boats Market by Type
9. 2. 5. 5. 2Russia Leisure Boats Market by Application
9. 2. 5. 6Rest of Europe Leisure Boats Market
9. 2. 5. 6. 1Rest of Europe Leisure Boats Market by Type
9. 2. 5. 6. 2Rest of Europe Leisure Boats Market by Application
9. 3. ASIA-PACIFIC
9. 3. 1Asia-Pacific Leisure Boats Market Overview
9. 3. 2Asia-Pacific Leisure Boats Market Forecasts and Analysis
9. 3. 3Asia-Pacific Leisure Boats Market Forecasts and Analysis - By Type
9. 3. 4Asia-Pacific Leisure Boats Market Forecasts and Analysis - By Application
9. 3. 5Asia-Pacific Leisure Boats Market Forecasts and Analysis - By Countries
9. 3. 5. 1Australia Leisure Boats Market
9. 3. 5. 1. 1Australia Leisure Boats Market by Type
9. 3. 5. 1. 2Australia Leisure Boats Market by Application
9. 3. 5. 2China Leisure Boats Market
9. 3. 5. 2. 1China Leisure Boats Market by Type
9. 3. 5. 2. 2China Leisure Boats Market by Application
9. 3. 5. 3India Leisure Boats Market
9. 3. 5. 3. 1India Leisure Boats Market by Type
9. 3. 5. 3. 2India Leisure Boats Market by Application
9. 3. 5. 4Japan Leisure Boats Market
9. 3. 5. 4. 1Japan Leisure Boats Market by Type
9. 3. 5. 4. 2Japan Leisure Boats Market by Application
9. 3. 5. 5South Korea Leisure Boats Market
9. 3. 5. 5. 1South Korea Leisure Boats Market by Type
9. 3. 5. 5. 2South Korea Leisure Boats Market by Application
9. 3. 5. 6Rest of Asia-Pacific Leisure Boats Market
9. 3. 5. 6. 1Rest of Asia-Pacific Leisure Boats Market by Type
9. 3. 5. 6. 2Rest of Asia-Pacific Leisure Boats Market by Application
9. 4. MIDDLE EAST AND AFRICA
9. 4. 1Middle East and Africa Leisure Boats Market Overview
9. 4. 2Middle East and Africa Leisure Boats Market Forecasts and Analysis
9. 4. 3Middle East and Africa Leisure Boats Market Forecasts and Analysis - By Type
9. 4. 4Middle East and Africa Leisure Boats Market Forecasts and Analysis - By Application
9. 4. 5Middle East and Africa Leisure Boats Market Forecasts and Analysis - By Countries
9. 4. 5. 1South Africa Leisure Boats Market
9. 4. 5. 1. 1South Africa Leisure Boats Market by Type
9. 4. 5. 1. 2South Africa Leisure Boats Market by Application
9. 4. 5. 2Saudi Arabia Leisure Boats Market
9. 4. 5. 2. 1Saudi Arabia Leisure Boats Market by Type
9. 4. 5. 2. 2Saudi Arabia Leisure Boats Market by Application
9. 4. 5. 3U. A. E Leisure Boats Market
9. 4. 5. 3. 1U. A. E Leisure Boats Market by Type
9. 4. 5. 3. 2U. A. E Leisure Boats Market by Application
9. 4. 5. 4Rest of Middle East and Africa Leisure Boats Market
9. 4. 5. 4. 1Rest of Middle East and Africa Leisure Boats Market by Type
9. 4. 5. 4. 2Rest of Middle East and Africa Leisure Boats Market by Application
9. 5. SOUTH AND CENTRAL AMERICA
9. 5. 1South and Central America Leisure Boats Market Overview
9. 5. 2South and Central America Leisure Boats Market Forecasts and Analysis
9. 5. 3South and Central America Leisure Boats Market Forecasts and Analysis - By Type
9. 5. 4South and Central America Leisure Boats Market Forecasts and Analysis - By Application
9. 5. 5South and Central America Leisure Boats Market Forecasts and Analysis - By Countries
9. 5. 5. 1Brazil Leisure Boats Market
9. 5. 5. 1. 1Brazil Leisure Boats Market by Type
9. 5. 5. 1. 2Brazil Leisure Boats Market by Application
9. 5. 5. 2Argentina Leisure Boats Market
9. 5. 5. 2. 1Argentina Leisure Boats Market by Type
9. 5. 5. 2. 2Argentina Leisure Boats Market by Application
9. 5. 5. 3Rest of South and Central America Leisure Boats Market
9. 5. 5. 3. 1Rest of South and Central America Leisure Boats Market by Type
9. 5. 5. 3. 2Rest of South and Central America Leisure Boats 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. LEISURE BOATS MARKET, KEY COMPANY PROFILES
11. 1. AL FAJER MARINE L. L. C
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. AL HAREB MARINE
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. AL SHAALI GROUP
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. BAVARIA YACHTBAU GMBH
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. BRUNSWICK CORPORATION
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. CHAPARRAL BOATS, INC.
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. FERRETTI SPA
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. FOUNTAIN POWERBOATS
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. GULF CRAFT INC.
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. SUNSEEKER
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. AL FAJER MARINE L. L. C
  2. AL Hareb Marine
  3. Al Shaali Group
  4. Bavaria Yachtbau GmbH
  5. Brunswick Corporation
  6. Chaparral Boats, Inc. 
  7. FERRETTI SPA
  8. Fountain Powerboats
  9. Gulf Craft Inc. 
  10. Sunseeker

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.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Trends and growth analysis reports related to Automotive and Transportation : READ MORE..