Marine Bunker Oil Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Marine Bunker Oil Market covers analysis by Fuel Grades (IFO 380, IFO 180, IFO others, MGO/MDO); Vessel Type (Container Vessels, Tanker Vessels, Bulk and General Cargo Vessels) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00029419
  • Category : Energy and Power
  • No. of Pages : 150
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Marine Bunker Oil Market Opportunities 2031

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MARKET INTRODUCTION
Bunker oil is oil loaded into bunker tanks for use as fuel, as distinguished from oil carried as cargo. Bunker oils contain metals and contaminants that can cause corrosion in commercial ships, cruise ships and cargo. Since it carries a range of contaminants, it can lead to a serious environmental hazard when it spills. Bunker oil is also known as residual fuel oil (RFO). Bunker oil is residual fuel oil of high viscosity commonly used in marine and stationary steam power plants. It requires preheating to 220 - 260 °F (104 - 127 °C). In comparison with other petroleum products, bunker oil is extremely crude and highly polluting.

MARKET DYNAMICS 
Increasing airline traffic had supported the shipping industry especially cargo vessels and vessels comprise large load-bearing capacity as compared to other transportation modes are driving the growth of marine bunker oil market. However, fluctuating prices of liquefied natural gas or alternative bunker oils may restrain the growth of marine bunker oil market. Furthermore, the emergence of different oil grades in the market is anticipated to create a market opportunity for marine bunker oil market during the forecast period.

MARKET SCOPE
The "Global Marine Bunker Oil Market Analysis To 2031" is a specialized and in-depth study of the energy and power industry with a special focus on the global market trend analysis. The marine bunker oil market report aims to provide an overview of the marine bunker oil market with detailed market segmentation by fuel grades, vessel type, and geography. The global marine bunker oil market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading marine bunker oil market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION
The global marine bunker oil market is segmented on the basis of fuel grades and vessel type. Based on fuel grades, the marine bunker oil market is segmented into: IFO 380, IFO 180, IFO others, and MGO/MDO. On the basis of vessel type, the marine bunker oil market is segmented into: container vessels, tanker vessels, and bulk and general cargo vessels.

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 marine bunker oil 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, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The marine bunker oil market by each region is later sub-segmented by respective countries and segments. The marine bunker oil market 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 marine bunker oil 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 trend. The report also provides exhaustive PEST analysis highlighting factors affecting the marine bunker oil market in these regions.

IMPACT OF COVID-19 ON MARINE BUNKER OIL MARKET
The impact of the COVID-19 pandemic on the market is covered throughout the report. The pandemic had a negative impact on the marine bunker oil market. Lockdown imposed due to the outbreak of the COVID-19 pandemic resulted in temporary ban on the import and export thereby, disrupting the supply chain, which, in turn, hampered the bunker fuel market growth in the second, third, and fourth quarter of 2021. However, the market recovered in the late year or by the first quarter of 2021 as the demand for bunker fuel from the maritime transport and shipping industry increased.

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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 marine bunker oil 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, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The marine bunker oil market by each region is later sub-segmented by respective countries and segments. The marine bunker oil market 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 marine bunker oil 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 trend. The report also provides exhaustive PEST analysis highlighting factors affecting the marine bunker oil market in these regions.

IMPACT OF COVID-19 ON MARINE BUNKER OIL MARKET
The impact of the COVID-19 pandemic on the market is covered throughout the report. The pandemic had a negative impact on the marine bunker oil market. Lockdown imposed due to the outbreak of the COVID-19 pandemic resulted in temporary ban on the import and export thereby, disrupting the supply chain, which, in turn, hampered the bunker fuel market growth in the second, third, and fourth quarter of 2021. However, the market recovered in the late year or by the first quarter of 2021 as the demand for bunker fuel from the maritime transport and shipping industry increased.

MARKET PLAYERS
The reports cover key developments in the marine bunker oil 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 players from marine bunker oil market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the marine bunker oil market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the marine bunker oil 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.
  • Aegean Marine Petroleum Network
  • BP Sinopec Marine Fuels
  • Brightoil Petroleum (Holdings) Limited
  • Chemoil Energy Limited
  • Chevron U.S.A. Inc.
  • Exxon Mobil Corporation
  • Marathon Petroleum Corporation
  • Royal Dutch Shell plc
  • Saudi Arabian Oil Co.
  • World Fuel Services Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study. 
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities
Report Coverage
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.

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 Marine Bunker Oil Market - By Fuel Grades
1.3.2 Marine Bunker Oil Market - By Vessel Type
1.3.3 Marine Bunker Oil Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. MARINE BUNKER OIL 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. EXPERT OPINIONS

5. MARINE BUNKER OIL 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. MARINE BUNKER OIL MARKET - GLOBAL MARKET ANALYSIS
6.1. MARINE BUNKER OIL - GLOBAL MARKET OVERVIEW
6.2. MARINE BUNKER OIL - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING

7. MARINE BUNKER OIL MARKET - REVENUE AND FORECASTS TO 2028 - FUEL GRADES
7.1. OVERVIEW
7.2. FUEL GRADES MARKET FORECASTS AND ANALYSIS
7.3. IFO 380
7.3.1. Overview
7.3.2. IFO 380 Market Forecast and Analysis
7.4. IFO 180
7.4.1. Overview
7.4.2. IFO 180 Market Forecast and Analysis
7.5. IFO OTHERS
7.5.1. Overview
7.5.2. IFO others Market Forecast and Analysis
7.6. MGO/MDO
7.6.1. Overview
7.6.2. MGO/MDO Market Forecast and Analysis

8. MARINE BUNKER OIL MARKET - REVENUE AND FORECASTS TO 2028 - VESSEL TYPE
8.1. OVERVIEW
8.2. VESSEL TYPE MARKET FORECASTS AND ANALYSIS
8.3. CONTAINER VESSELS
8.3.1. Overview
8.3.2. Container Vessels Market Forecast and Analysis
8.4. TANKER VESSELS
8.4.1. Overview
8.4.2. Tanker Vessels Market Forecast and Analysis
8.5. BULK AND GENERAL CARGO VESSELS
8.5.1. Overview
8.5.2. Bulk and General Cargo Vessels Market Forecast and Analysis

9. MARINE BUNKER OIL MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Marine Bunker Oil Market Overview
9.1.2 North America Marine Bunker Oil Market Forecasts and Analysis
9.1.3 North America Marine Bunker Oil Market Forecasts and Analysis - By Fuel Grades
9.1.4 North America Marine Bunker Oil Market Forecasts and Analysis - By Vessel Type
9.1.5 North America Marine Bunker Oil Market Forecasts and Analysis - By Countries
9.1.5.1 United States Marine Bunker Oil Market
9.1.5.1.1 United States Marine Bunker Oil Market by Fuel Grades
9.1.5.1.2 United States Marine Bunker Oil Market by Vessel Type
9.1.5.2 Canada Marine Bunker Oil Market
9.1.5.2.1 Canada Marine Bunker Oil Market by Fuel Grades
9.1.5.2.2 Canada Marine Bunker Oil Market by Vessel Type
9.1.5.3 Mexico Marine Bunker Oil Market
9.1.5.3.1 Mexico Marine Bunker Oil Market by Fuel Grades
9.1.5.3.2 Mexico Marine Bunker Oil Market by Vessel Type
9.2. EUROPE
9.2.1 Europe Marine Bunker Oil Market Overview
9.2.2 Europe Marine Bunker Oil Market Forecasts and Analysis
9.2.3 Europe Marine Bunker Oil Market Forecasts and Analysis - By Fuel Grades
9.2.4 Europe Marine Bunker Oil Market Forecasts and Analysis - By Vessel Type
9.2.5 Europe Marine Bunker Oil Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Marine Bunker Oil Market
9.2.5.1.1 Germany Marine Bunker Oil Market by Fuel Grades
9.2.5.1.2 Germany Marine Bunker Oil Market by Vessel Type
9.2.5.2 France Marine Bunker Oil Market
9.2.5.2.1 France Marine Bunker Oil Market by Fuel Grades
9.2.5.2.2 France Marine Bunker Oil Market by Vessel Type
9.2.5.3 Italy Marine Bunker Oil Market
9.2.5.3.1 Italy Marine Bunker Oil Market by Fuel Grades
9.2.5.3.2 Italy Marine Bunker Oil Market by Vessel Type
9.2.5.4 United Kingdom Marine Bunker Oil Market
9.2.5.4.1 United Kingdom Marine Bunker Oil Market by Fuel Grades
9.2.5.4.2 United Kingdom Marine Bunker Oil Market by Vessel Type
9.2.5.5 Russia Marine Bunker Oil Market
9.2.5.5.1 Russia Marine Bunker Oil Market by Fuel Grades
9.2.5.5.2 Russia Marine Bunker Oil Market by Vessel Type
9.2.5.6 Rest of Europe Marine Bunker Oil Market
9.2.5.6.1 Rest of Europe Marine Bunker Oil Market by Fuel Grades
9.2.5.6.2 Rest of Europe Marine Bunker Oil Market by Vessel Type
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Marine Bunker Oil Market Overview
9.3.2 Asia-Pacific Marine Bunker Oil Market Forecasts and Analysis
9.3.3 Asia-Pacific Marine Bunker Oil Market Forecasts and Analysis - By Fuel Grades
9.3.4 Asia-Pacific Marine Bunker Oil Market Forecasts and Analysis - By Vessel Type
9.3.5 Asia-Pacific Marine Bunker Oil Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Marine Bunker Oil Market
9.3.5.1.1 Australia Marine Bunker Oil Market by Fuel Grades
9.3.5.1.2 Australia Marine Bunker Oil Market by Vessel Type
9.3.5.2 China Marine Bunker Oil Market
9.3.5.2.1 China Marine Bunker Oil Market by Fuel Grades
9.3.5.2.2 China Marine Bunker Oil Market by Vessel Type
9.3.5.3 India Marine Bunker Oil Market
9.3.5.3.1 India Marine Bunker Oil Market by Fuel Grades
9.3.5.3.2 India Marine Bunker Oil Market by Vessel Type
9.3.5.4 Japan Marine Bunker Oil Market
9.3.5.4.1 Japan Marine Bunker Oil Market by Fuel Grades
9.3.5.4.2 Japan Marine Bunker Oil Market by Vessel Type
9.3.5.5 South Korea Marine Bunker Oil Market
9.3.5.5.1 South Korea Marine Bunker Oil Market by Fuel Grades
9.3.5.5.2 South Korea Marine Bunker Oil Market by Vessel Type
9.3.5.6 Rest of Asia-Pacific Marine Bunker Oil Market
9.3.5.6.1 Rest of Asia-Pacific Marine Bunker Oil Market by Fuel Grades
9.3.5.6.2 Rest of Asia-Pacific Marine Bunker Oil Market by Vessel Type
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Marine Bunker Oil Market Overview
9.4.2 Middle East and Africa Marine Bunker Oil Market Forecasts and Analysis
9.4.3 Middle East and Africa Marine Bunker Oil Market Forecasts and Analysis - By Fuel Grades
9.4.4 Middle East and Africa Marine Bunker Oil Market Forecasts and Analysis - By Vessel Type
9.4.5 Middle East and Africa Marine Bunker Oil Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Marine Bunker Oil Market
9.4.5.1.1 South Africa Marine Bunker Oil Market by Fuel Grades
9.4.5.1.2 South Africa Marine Bunker Oil Market by Vessel Type
9.4.5.2 Saudi Arabia Marine Bunker Oil Market
9.4.5.2.1 Saudi Arabia Marine Bunker Oil Market by Fuel Grades
9.4.5.2.2 Saudi Arabia Marine Bunker Oil Market by Vessel Type
9.4.5.3 U.A.E Marine Bunker Oil Market
9.4.5.3.1 U.A.E Marine Bunker Oil Market by Fuel Grades
9.4.5.3.2 U.A.E Marine Bunker Oil Market by Vessel Type
9.4.5.4 Rest of Middle East and Africa Marine Bunker Oil Market
9.4.5.4.1 Rest of Middle East and Africa Marine Bunker Oil Market by Fuel Grades
9.4.5.4.2 Rest of Middle East and Africa Marine Bunker Oil Market by Vessel Type
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Marine Bunker Oil Market Overview
9.5.2 South and Central America Marine Bunker Oil Market Forecasts and Analysis
9.5.3 South and Central America Marine Bunker Oil Market Forecasts and Analysis - By Fuel Grades
9.5.4 South and Central America Marine Bunker Oil Market Forecasts and Analysis - By Vessel Type
9.5.5 South and Central America Marine Bunker Oil Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Marine Bunker Oil Market
9.5.5.1.1 Brazil Marine Bunker Oil Market by Fuel Grades
9.5.5.1.2 Brazil Marine Bunker Oil Market by Vessel Type
9.5.5.2 Argentina Marine Bunker Oil Market
9.5.5.2.1 Argentina Marine Bunker Oil Market by Fuel Grades
9.5.5.2.2 Argentina Marine Bunker Oil Market by Vessel Type
9.5.5.3 Rest of South and Central America Marine Bunker Oil Market
9.5.5.3.1 Rest of South and Central America Marine Bunker Oil Market by Fuel Grades
9.5.5.3.2 Rest of South and Central America Marine Bunker Oil Market by Vessel Type

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. MARINE BUNKER OIL MARKET, KEY COMPANY PROFILES
11.1. AEGEAN MARINE PETROLEUM NETWORK
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. BP SINOPEC MARINE FUELS
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. BRIGHTOIL PETROLEUM (HOLDINGS) LIMITED
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. CHEMOIL ENERGY LIMITED
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. CHEVRON U.S.A. INC.
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. EXXON MOBIL CORPORATION
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. MARATHON PETROLEUM CORPORATION
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. ROYAL DUTCH SHELL PLC
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. SAUDI ARABIAN OIL CO.
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. WORLD FUEL SERVICES CORPORATION
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. Aegean Marine Petroleum Network
  2. BP Sinopec Marine Fuels
  3. Brightoil Petroleum (Holdings) Limited
  4. Chemoil Energy Limited
  5. Chevron U.S.A. Inc.
  6. Exxon Mobil Corporation
  7. Marathon Petroleum Corporation
  8. Royal Dutch Shell plc
  9. Saudi Arabian Oil Co.
  10. World Fuel Services 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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