Manufactured Housing Market Scope and Size by 2031
The Manufactured Housing Market is expected to register a CAGR of 5.7% 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 (Mobile Home, Modular Home, Precut Home, Others); Construction (Single Section , Multiple Section); End-user (Residential, Commercial). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Manufactured Housing 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.
Manufactured Housing Market Segmentation
Type- Mobile Home
- Modular Home
- Precut Home
- Others
- Single Section
- Multiple Section
- Residential
- Commercial
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South and Central America
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South and Central America
Strategic Insights
Manufactured Housing Market Growth Drivers- Affordability and Cost-Effectiveness: One of the major drivers in the manufactured housing market is the rising demand for affordable housing solutions. House prices continue to increase, and manufactured homes remain an affordable alternative that appeals to a larger population than traditional houses, especially first time homebuyers, as well as those approaching their retirement age.
- Technological Advancements: Recent developments in construction technology along with in materials are deemed to have improved the quality and looks of manufactured homes. With greater flexibility in customization and energy efficiency, it has managed to appeal to modern consumers.
- Increasing Demand from Millennials and Retirees: Currently, the market witnesses an interest from young millennials and retirees looking for affordable and efficient housing options. This demographic trend serves as an enormous opportunity for manufacturers to serve this age group with appropriate products.
- Expansion into Emerging Markets. There is a high growth opportunity for manufactured housing in emerging markets, especially in regions where housing shortages have experienced significant pressure. Manufactured housing can also be the only way to rapidly mitigate the housing needs when urbanization increases.
- Sustainability and Eco-Friendly Designs: Sustainability has increasingly become the future trend in housing. More consumers are asking for more eco-friendly designs and materials, and manufactured homes are answering through the integration of sustainability into construction and design.
- Rising Investment in Manufactured Housing Communities: Rising investment in manufactured housing community enhanced investment in manufactured housing communities is a significant trend that owes to soaring demand for manufactured homes. In fact, investors are now appreciating a stable return from such investment, especially during economic uncertainty plaguing the housing market.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Manufactured Housing 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 Manufactured Housing 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
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Manufactured Housing Market is estimated to witness a CAGR of 5.7% from 2023 to 2031
The major factors driving the Manufactured Housing Market: Affordability and Cost-Effectiveness and Technological Advancements
Sustainability and Eco-Friendly Designs and Rising Investment in Manufactured Housing Communities is the key future trend of the Manufactured Housing Market
The leading players operating in the Manufactured Housing Market include Skyline Corporation, Champion Home Builders Inc., Clayton Homes Inc., Perrin Construction Co. Inc., Ritz-Craft Corporation, Cavalier Home Builders LLC, Triple M Housing Ltd, Nobility Homes, Inc., Jacobsen Homes
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
1. INTRODUCTION
1. 1. SCOPE OF THE STUDY
1. 2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1. 3. MARKET SEGMENTATION
1. 3. 1Manufactured Housing Market - By Type
1. 3. 2Manufactured Housing Market - By Construction
1. 3. 3Manufactured Housing Market - By End-user
1. 3. 4Manufactured Housing Market - By Region
1. 3. 4. 1By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MANUFACTURED HOUSING 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. MANUFACTURED HOUSING 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. MANUFACTURED HOUSING MARKET - GLOBAL MARKET ANALYSIS
6. 1. MANUFACTURED HOUSING - GLOBAL MARKET OVERVIEW
6. 2. MANUFACTURED HOUSING - GLOBAL MARKET AND FORECAST TO 2028
6. 3. MARKET POSITIONING/MARKET SHARE
7. MANUFACTURED HOUSING MARKET - REVENUE AND FORECASTS TO 2028 â"" TYPE
7. 1. OVERVIEW
7. 2. TYPE MARKET FORECASTS AND ANALYSIS
7. 3. MOBILE HOME
7. 3. 1. Overview
7. 3. 2. Mobile Home Market Forecast and Analysis
7. 4. MODULAR HOME
7. 4. 1. Overview
7. 4. 2. Modular Home Market Forecast and Analysis
7. 5. PRECUT HOME
7. 5. 1. Overview
7. 5. 2. Precut Home Market Forecast and Analysis
7. 6. OTHERS
7. 6. 1. Overview
7. 6. 2. Others Market Forecast and Analysis
8. MANUFACTURED HOUSING MARKET - REVENUE AND FORECASTS TO 2028 â"" CONSTRUCTION
8. 1. OVERVIEW
8. 2. CONSTRUCTION MARKET FORECASTS AND ANALYSIS
8. 3. SINGLE SECTION
8. 3. 1. Overview
8. 3. 2. Single Section Market Forecast and Analysis
8. 4. MULTIPLE SECTION
8. 4. 1. Overview
8. 4. 2. Multiple Section Market Forecast and Analysis
9. MANUFACTURED HOUSING MARKET - REVENUE AND FORECASTS TO 2028 â"" END-USER
9. 1. OVERVIEW
9. 2. END-USER MARKET FORECASTS AND ANALYSIS
9. 3. RESIDENTIAL
9. 3. 1. Overview
9. 3. 2. Residential Market Forecast and Analysis
9. 4. COMMERCIAL
9. 4. 1. Overview
9. 4. 2. Commercial Market Forecast and Analysis
10. MANUFACTURED HOUSING MARKET REVENUE AND FORECASTS TO 2028 â"" GEOGRAPHICAL ANALYSIS
10. 1. NORTH AMERICA
10. 1. 1North America Manufactured Housing Market Overview
10. 1. 2North America Manufactured Housing Market Forecasts and Analysis
10. 1. 3North America Manufactured Housing Market Forecasts and Analysis - By Type
10. 1. 4North America Manufactured Housing Market Forecasts and Analysis - By Construction
10. 1. 5North America Manufactured Housing Market Forecasts and Analysis - By End-user
10. 1. 6North America Manufactured Housing Market Forecasts and Analysis - By Countries
10. 1. 6. 1United States Manufactured Housing Market
10. 1. 6. 1. 1United States Manufactured Housing Market by Type
10. 1. 6. 1. 2United States Manufactured Housing Market by Construction
10. 1. 6. 1. 3United States Manufactured Housing Market by End-user
10. 1. 6. 2Canada Manufactured Housing Market
10. 1. 6. 2. 1Canada Manufactured Housing Market by Type
10. 1. 6. 2. 2Canada Manufactured Housing Market by Construction
10. 1. 6. 2. 3Canada Manufactured Housing Market by End-user
10. 1. 6. 3Mexico Manufactured Housing Market
10. 1. 6. 3. 1Mexico Manufactured Housing Market by Type
10. 1. 6. 3. 2Mexico Manufactured Housing Market by Construction
10. 1. 6. 3. 3Mexico Manufactured Housing Market by End-user
10. 2. EUROPE
10. 2. 1Europe Manufactured Housing Market Overview
10. 2. 2Europe Manufactured Housing Market Forecasts and Analysis
10. 2. 3Europe Manufactured Housing Market Forecasts and Analysis - By Type
10. 2. 4Europe Manufactured Housing Market Forecasts and Analysis - By Construction
10. 2. 5Europe Manufactured Housing Market Forecasts and Analysis - By End-user
10. 2. 6Europe Manufactured Housing Market Forecasts and Analysis - By Countries
10. 2. 6. 1Germany Manufactured Housing Market
10. 2. 6. 1. 1Germany Manufactured Housing Market by Type
10. 2. 6. 1. 2Germany Manufactured Housing Market by Construction
10. 2. 6. 1. 3Germany Manufactured Housing Market by End-user
10. 2. 6. 2France Manufactured Housing Market
10. 2. 6. 2. 1France Manufactured Housing Market by Type
10. 2. 6. 2. 2France Manufactured Housing Market by Construction
10. 2. 6. 2. 3France Manufactured Housing Market by End-user
10. 2. 6. 3Italy Manufactured Housing Market
10. 2. 6. 3. 1Italy Manufactured Housing Market by Type
10. 2. 6. 3. 2Italy Manufactured Housing Market by Construction
10. 2. 6. 3. 3Italy Manufactured Housing Market by End-user
10. 2. 6. 4United Kingdom Manufactured Housing Market
10. 2. 6. 4. 1United Kingdom Manufactured Housing Market by Type
10. 2. 6. 4. 2United Kingdom Manufactured Housing Market by Construction
10. 2. 6. 4. 3United Kingdom Manufactured Housing Market by End-user
10. 2. 6. 5Russia Manufactured Housing Market
10. 2. 6. 5. 1Russia Manufactured Housing Market by Type
10. 2. 6. 5. 2Russia Manufactured Housing Market by Construction
10. 2. 6. 5. 3Russia Manufactured Housing Market by End-user
10. 2. 6. 6Rest of Europe Manufactured Housing Market
10. 2. 6. 6. 1Rest of Europe Manufactured Housing Market by Type
10. 2. 6. 6. 2Rest of Europe Manufactured Housing Market by Construction
10. 2. 6. 6. 3Rest of Europe Manufactured Housing Market by End-user
10. 3. ASIA-PACIFIC
10. 3. 1Asia-Pacific Manufactured Housing Market Overview
10. 3. 2Asia-Pacific Manufactured Housing Market Forecasts and Analysis
10. 3. 3Asia-Pacific Manufactured Housing Market Forecasts and Analysis - By Type
10. 3. 4Asia-Pacific Manufactured Housing Market Forecasts and Analysis - By Construction
10. 3. 5Asia-Pacific Manufactured Housing Market Forecasts and Analysis - By End-user
10. 3. 6Asia-Pacific Manufactured Housing Market Forecasts and Analysis - By Countries
10. 3. 6. 1Australia Manufactured Housing Market
10. 3. 6. 1. 1Australia Manufactured Housing Market by Type
10. 3. 6. 1. 2Australia Manufactured Housing Market by Construction
10. 3. 6. 1. 3Australia Manufactured Housing Market by End-user
10. 3. 6. 2China Manufactured Housing Market
10. 3. 6. 2. 1China Manufactured Housing Market by Type
10. 3. 6. 2. 2China Manufactured Housing Market by Construction
10. 3. 6. 2. 3China Manufactured Housing Market by End-user
10. 3. 6. 3India Manufactured Housing Market
10. 3. 6. 3. 1India Manufactured Housing Market by Type
10. 3. 6. 3. 2India Manufactured Housing Market by Construction
10. 3. 6. 3. 3India Manufactured Housing Market by End-user
10. 3. 6. 4Japan Manufactured Housing Market
10. 3. 6. 4. 1Japan Manufactured Housing Market by Type
10. 3. 6. 4. 2Japan Manufactured Housing Market by Construction
10. 3. 6. 4. 3Japan Manufactured Housing Market by End-user
10. 3. 6. 5South Korea Manufactured Housing Market
10. 3. 6. 5. 1South Korea Manufactured Housing Market by Type
10. 3. 6. 5. 2South Korea Manufactured Housing Market by Construction
10. 3. 6. 5. 3South Korea Manufactured Housing Market by End-user
10. 3. 6. 6Rest of Asia-Pacific Manufactured Housing Market
10. 3. 6. 6. 1Rest of Asia-Pacific Manufactured Housing Market by Type
10. 3. 6. 6. 2Rest of Asia-Pacific Manufactured Housing Market by Construction
10. 3. 6. 6. 3Rest of Asia-Pacific Manufactured Housing Market by End-user
10. 4. MIDDLE EAST AND AFRICA
10. 4. 1Middle East and Africa Manufactured Housing Market Overview
10. 4. 2Middle East and Africa Manufactured Housing Market Forecasts and Analysis
10. 4. 3Middle East and Africa Manufactured Housing Market Forecasts and Analysis - By Type
10. 4. 4Middle East and Africa Manufactured Housing Market Forecasts and Analysis - By Construction
10. 4. 5Middle East and Africa Manufactured Housing Market Forecasts and Analysis - By End-user
10. 4. 6Middle East and Africa Manufactured Housing Market Forecasts and Analysis - By Countries
10. 4. 6. 1South Africa Manufactured Housing Market
10. 4. 6. 1. 1South Africa Manufactured Housing Market by Type
10. 4. 6. 1. 2South Africa Manufactured Housing Market by Construction
10. 4. 6. 1. 3South Africa Manufactured Housing Market by End-user
10. 4. 6. 2Saudi Arabia Manufactured Housing Market
10. 4. 6. 2. 1Saudi Arabia Manufactured Housing Market by Type
10. 4. 6. 2. 2Saudi Arabia Manufactured Housing Market by Construction
10. 4. 6. 2. 3Saudi Arabia Manufactured Housing Market by End-user
10. 4. 6. 3U. A. E Manufactured Housing Market
10. 4. 6. 3. 1U. A. E Manufactured Housing Market by Type
10. 4. 6. 3. 2U. A. E Manufactured Housing Market by Construction
10. 4. 6. 3. 3U. A. E Manufactured Housing Market by End-user
10. 4. 6. 4Rest of Middle East and Africa Manufactured Housing Market
10. 4. 6. 4. 1Rest of Middle East and Africa Manufactured Housing Market by Type
10. 4. 6. 4. 2Rest of Middle East and Africa Manufactured Housing Market by Construction
10. 4. 6. 4. 3Rest of Middle East and Africa Manufactured Housing Market by End-user
10. 5. SOUTH AND CENTRAL AMERICA
10. 5. 1South and Central America Manufactured Housing Market Overview
10. 5. 2South and Central America Manufactured Housing Market Forecasts and Analysis
10. 5. 3South and Central America Manufactured Housing Market Forecasts and Analysis - By Type
10. 5. 4South and Central America Manufactured Housing Market Forecasts and Analysis - By Construction
10. 5. 5South and Central America Manufactured Housing Market Forecasts and Analysis - By End-user
10. 5. 6South and Central America Manufactured Housing Market Forecasts and Analysis - By Countries
10. 5. 6. 1Brazil Manufactured Housing Market
10. 5. 6. 1. 1Brazil Manufactured Housing Market by Type
10. 5. 6. 1. 2Brazil Manufactured Housing Market by Construction
10. 5. 6. 1. 3Brazil Manufactured Housing Market by End-user
10. 5. 6. 2Argentina Manufactured Housing Market
10. 5. 6. 2. 1Argentina Manufactured Housing Market by Type
10. 5. 6. 2. 2Argentina Manufactured Housing Market by Construction
10. 5. 6. 2. 3Argentina Manufactured Housing Market by End-user
10. 5. 6. 3Rest of South and Central America Manufactured Housing Market
10. 5. 6. 3. 1Rest of South and Central America Manufactured Housing Market by Type
10. 5. 6. 3. 2Rest of South and Central America Manufactured Housing Market by Construction
10. 5. 6. 3. 3Rest of South and Central America Manufactured Housing 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. MANUFACTURED HOUSING MARKET, KEY COMPANY PROFILES
12. 1. ADRIA MOBILEHOME
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. CAVCO INDUSTRIES, INC.
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. CHAMPION HOME BUILDERS, INC.
12. 3. 1. Key Facts
12. 3. 2. Business Description
12. 3. 3. Products and Services
12. 3. 4. Financial Overview
12. 3. 5. SWOT Analysis
12. 3. 6. Key Developments
12. 4. CHIEF INDUSTRIES, 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. CMH SERVICES, 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. DELTEC HOMES
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. FLEETWOOD HOME
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. NOBILITY HOMES, INC.
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. SEKISUI HOUSE, 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. SKYLINE HOMES - SKYLINE 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
- Adria Mobilehome
- Cavco Industries, Inc.
- CHAMPION HOME BUILDERS, INC.
- Chief Industries, Inc.
- CMH Services, Inc.
- Deltec Homes
- Fleetwood Home
- Nobility Homes, Inc.
- SEKISUI HOUSE, LTD.
- Skyline Homes - SKYLINE 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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