Massage tables Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
A massage table is an important tool used in massage therapy as well as physiotherapy. Selection of an appropriate massage table is factor for effective massage therapy. Massage tables are generally designed in different dimensions to suit different body types. Professional therapists always recommend perfect width and height of the massage table for effective massage therapy.
MARKET DYNAMICS
The global massage tables market is expected to rise during the forecast period owing to increase in number of massage therapy centers in the world. Rise in population of health conscious people and increasing consumer spending on wellness equipment are the key factors fueling the global massage tables market. Massage therapies have become an integral part of relaxation of modern population. Corporate professionals are looking for innovative services in massage therapy to get relief from the hectic and stressful lives anticipated to drive the growth of market. The market is a perfect competition market with the presence of numerous market players and buyers. The market players are competing based on price, design of the product, and quality.
MARKET SCOPE
The "Global Massage Tables Market Analysis to 2028" is a specialized and in-depth study of the consumer goods industry with a special focus on the global market trend analysis. The report aims to provide an overview of the massage tables market with detailed market segmentation by type material type, application and distribution channel. The global massage tables market is expected to rise during the forecast period. The report provides key statistics on the market status of the leading massage tables' market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global massage tables market is segmented on the basis of type, material type, application and distribution channel. On the basis of type the market is segmented into stationary table, portable table, electric table. Based on material type, the global massage tables market is divided into wood, metal and others. Based on application the market is segmented into home care, spa center, physiotherapy clinic, others. On the basis of distribution channel, the market is bifurcated into online and offline .
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 massage tables market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South & Central America. The massage tables market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the massage tables 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 for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the massage tables market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global massage tables market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South & Central America. The massage tables market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the massage tables 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 for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the massage tables market in these regions.
MARKET PLAYERS
The report covers vital developments in the massage tables 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 partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the massage tables market are anticipated to witness lucrative growth opportunities in the future with the rising demand for massage tables in the global market. Below mentioned is the list of few companies engaged in the massage tables market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the massage tables market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.
- Gharieni Group
- EarthLite, LLC.
- Sierra Comfort
- Master Massage Equipments
- Saloniture.
- SkinAct
- Costway.com, Inc.
- Athlegen,
- Custom Craftworks
- Tarsus AB
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
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Segment Covered
This text is related
to segments covered.
![Regional Scope](https://www.theinsightpartners.com/assets/rdimages/regional_scope.png)
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
![Country Scope](https://www.theinsightpartners.com/assets/rdimages/country_scope.png)
Country Scope
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1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Massage Tables Market - By Type
1.3.2 Massage Tables Market - By Material Type
1.3.3 Massage Tables Market - By Application
1.3.4 Massage Tables Market - By Distribution Channel
1.3.5 Massage Tables Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MASSAGE TABLES 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. MASSAGE TABLES 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. MASSAGE TABLES MARKET - GLOBAL MARKET ANALYSIS
6.1. MASSAGE TABLES - GLOBAL MARKET OVERVIEW
6.2. MASSAGE TABLES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. MASSAGE TABLES MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. STATIONARY TABLE
7.3.1. Overview
7.3.2. Stationary Table Market Forecast and Analysis
7.4. PORTABLE TABLE
7.4.1. Overview
7.4.2. Portable Table Market Forecast and Analysis
7.5. ELECTRIC TABLE
7.5.1. Overview
7.5.2. Electric Table Market Forecast and Analysis
8. MASSAGE TABLES MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL TYPE
8.1. OVERVIEW
8.2. MATERIAL TYPE MARKET FORECASTS AND ANALYSIS
8.3. METAL
8.3.1. Overview
8.3.2. Metal Market Forecast and Analysis
8.4. WOOD
8.4.1. Overview
8.4.2. Wood Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. MASSAGE TABLES MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. HOME CARE
9.3.1. Overview
9.3.2. Home Care Market Forecast and Analysis
9.4. SPA CENTER
9.4.1. Overview
9.4.2. Spa Center Market Forecast and Analysis
9.5. PHYSIOTHERAPY CLINIC
9.5.1. Overview
9.5.2. Physiotherapy Clinic Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis
10. MASSAGE TABLES MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
10.1. OVERVIEW
10.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
10.3. ONLINE
10.3.1. Overview
10.3.2. Online Market Forecast and Analysis
10.4. OFFLINE
10.4.1. Overview
10.4.2. Offline Market Forecast and Analysis
11. MASSAGE TABLES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Massage Tables Market Overview
11.1.2 North America Massage Tables Market Forecasts and Analysis
11.1.3 North America Massage Tables Market Forecasts and Analysis - By Type
11.1.4 North America Massage Tables Market Forecasts and Analysis - By Material Type
11.1.5 North America Massage Tables Market Forecasts and Analysis - By Application
11.1.6 North America Massage Tables Market Forecasts and Analysis - By Distribution Channel
11.1.7 North America Massage Tables Market Forecasts and Analysis - By Countries
11.1.7.1 United States Massage Tables Market
11.1.7.1.1 United States Massage Tables Market by Type
11.1.7.1.2 United States Massage Tables Market by Material Type
11.1.7.1.3 United States Massage Tables Market by Application
11.1.7.1.4 United States Massage Tables Market by Distribution Channel
11.1.7.2 Canada Massage Tables Market
11.1.7.2.1 Canada Massage Tables Market by Type
11.1.7.2.2 Canada Massage Tables Market by Material Type
11.1.7.2.3 Canada Massage Tables Market by Application
11.1.7.2.4 Canada Massage Tables Market by Distribution Channel
11.1.7.3 Mexico Massage Tables Market
11.1.7.3.1 Mexico Massage Tables Market by Type
11.1.7.3.2 Mexico Massage Tables Market by Material Type
11.1.7.3.3 Mexico Massage Tables Market by Application
11.1.7.3.4 Mexico Massage Tables Market by Distribution Channel
11.2. EUROPE
11.2.1 Europe Massage Tables Market Overview
11.2.2 Europe Massage Tables Market Forecasts and Analysis
11.2.3 Europe Massage Tables Market Forecasts and Analysis - By Type
11.2.4 Europe Massage Tables Market Forecasts and Analysis - By Material Type
11.2.5 Europe Massage Tables Market Forecasts and Analysis - By Application
11.2.6 Europe Massage Tables Market Forecasts and Analysis - By Distribution Channel
11.2.7 Europe Massage Tables Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Massage Tables Market
11.2.7.1.1 Germany Massage Tables Market by Type
11.2.7.1.2 Germany Massage Tables Market by Material Type
11.2.7.1.3 Germany Massage Tables Market by Application
11.2.7.1.4 Germany Massage Tables Market by Distribution Channel
11.2.7.2 France Massage Tables Market
11.2.7.2.1 France Massage Tables Market by Type
11.2.7.2.2 France Massage Tables Market by Material Type
11.2.7.2.3 France Massage Tables Market by Application
11.2.7.2.4 France Massage Tables Market by Distribution Channel
11.2.7.3 Italy Massage Tables Market
11.2.7.3.1 Italy Massage Tables Market by Type
11.2.7.3.2 Italy Massage Tables Market by Material Type
11.2.7.3.3 Italy Massage Tables Market by Application
11.2.7.3.4 Italy Massage Tables Market by Distribution Channel
11.2.7.4 United Kingdom Massage Tables Market
11.2.7.4.1 United Kingdom Massage Tables Market by Type
11.2.7.4.2 United Kingdom Massage Tables Market by Material Type
11.2.7.4.3 United Kingdom Massage Tables Market by Application
11.2.7.4.4 United Kingdom Massage Tables Market by Distribution Channel
11.2.7.5 Russia Massage Tables Market
11.2.7.5.1 Russia Massage Tables Market by Type
11.2.7.5.2 Russia Massage Tables Market by Material Type
11.2.7.5.3 Russia Massage Tables Market by Application
11.2.7.5.4 Russia Massage Tables Market by Distribution Channel
11.2.7.6 Rest of Europe Massage Tables Market
11.2.7.6.1 Rest of Europe Massage Tables Market by Type
11.2.7.6.2 Rest of Europe Massage Tables Market by Material Type
11.2.7.6.3 Rest of Europe Massage Tables Market by Application
11.2.7.6.4 Rest of Europe Massage Tables Market by Distribution Channel
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Massage Tables Market Overview
11.3.2 Asia-Pacific Massage Tables Market Forecasts and Analysis
11.3.3 Asia-Pacific Massage Tables Market Forecasts and Analysis - By Type
11.3.4 Asia-Pacific Massage Tables Market Forecasts and Analysis - By Material Type
11.3.5 Asia-Pacific Massage Tables Market Forecasts and Analysis - By Application
11.3.6 Asia-Pacific Massage Tables Market Forecasts and Analysis - By Distribution Channel
11.3.7 Asia-Pacific Massage Tables Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Massage Tables Market
11.3.7.1.1 Australia Massage Tables Market by Type
11.3.7.1.2 Australia Massage Tables Market by Material Type
11.3.7.1.3 Australia Massage Tables Market by Application
11.3.7.1.4 Australia Massage Tables Market by Distribution Channel
11.3.7.2 China Massage Tables Market
11.3.7.2.1 China Massage Tables Market by Type
11.3.7.2.2 China Massage Tables Market by Material Type
11.3.7.2.3 China Massage Tables Market by Application
11.3.7.2.4 China Massage Tables Market by Distribution Channel
11.3.7.3 India Massage Tables Market
11.3.7.3.1 India Massage Tables Market by Type
11.3.7.3.2 India Massage Tables Market by Material Type
11.3.7.3.3 India Massage Tables Market by Application
11.3.7.3.4 India Massage Tables Market by Distribution Channel
11.3.7.4 Japan Massage Tables Market
11.3.7.4.1 Japan Massage Tables Market by Type
11.3.7.4.2 Japan Massage Tables Market by Material Type
11.3.7.4.3 Japan Massage Tables Market by Application
11.3.7.4.4 Japan Massage Tables Market by Distribution Channel
11.3.7.5 South Korea Massage Tables Market
11.3.7.5.1 South Korea Massage Tables Market by Type
11.3.7.5.2 South Korea Massage Tables Market by Material Type
11.3.7.5.3 South Korea Massage Tables Market by Application
11.3.7.5.4 South Korea Massage Tables Market by Distribution Channel
11.3.7.6 Rest of Asia-Pacific Massage Tables Market
11.3.7.6.1 Rest of Asia-Pacific Massage Tables Market by Type
11.3.7.6.2 Rest of Asia-Pacific Massage Tables Market by Material Type
11.3.7.6.3 Rest of Asia-Pacific Massage Tables Market by Application
11.3.7.6.4 Rest of Asia-Pacific Massage Tables Market by Distribution Channel
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Massage Tables Market Overview
11.4.2 Middle East and Africa Massage Tables Market Forecasts and Analysis
11.4.3 Middle East and Africa Massage Tables Market Forecasts and Analysis - By Type
11.4.4 Middle East and Africa Massage Tables Market Forecasts and Analysis - By Material Type
11.4.5 Middle East and Africa Massage Tables Market Forecasts and Analysis - By Application
11.4.6 Middle East and Africa Massage Tables Market Forecasts and Analysis - By Distribution Channel
11.4.7 Middle East and Africa Massage Tables Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Massage Tables Market
11.4.7.1.1 South Africa Massage Tables Market by Type
11.4.7.1.2 South Africa Massage Tables Market by Material Type
11.4.7.1.3 South Africa Massage Tables Market by Application
11.4.7.1.4 South Africa Massage Tables Market by Distribution Channel
11.4.7.2 Saudi Arabia Massage Tables Market
11.4.7.2.1 Saudi Arabia Massage Tables Market by Type
11.4.7.2.2 Saudi Arabia Massage Tables Market by Material Type
11.4.7.2.3 Saudi Arabia Massage Tables Market by Application
11.4.7.2.4 Saudi Arabia Massage Tables Market by Distribution Channel
11.4.7.3 Rest of Middle East and Africa Massage Tables Market
11.4.7.3.1 Rest of Middle East and Africa Massage Tables Market by Type
11.4.7.3.2 Rest of Middle East and Africa Massage Tables Market by Material Type
11.4.7.3.3 Rest of Middle East and Africa Massage Tables Market by Application
11.4.7.3.4 Rest of Middle East and Africa Massage Tables Market by Distribution Channel
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Massage Tables Market Overview
11.5.2 South and Central America Massage Tables Market Forecasts and Analysis
11.5.3 South and Central America Massage Tables Market Forecasts and Analysis - By Type
11.5.4 South and Central America Massage Tables Market Forecasts and Analysis - By Material Type
11.5.5 South and Central America Massage Tables Market Forecasts and Analysis - By Application
11.5.6 South and Central America Massage Tables Market Forecasts and Analysis - By Distribution Channel
11.5.7 South and Central America Massage Tables Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Massage Tables Market
11.5.7.1.1 Brazil Massage Tables Market by Type
11.5.7.1.2 Brazil Massage Tables Market by Material Type
11.5.7.1.3 Brazil Massage Tables Market by Application
11.5.7.1.4 Brazil Massage Tables Market by Distribution Channel
11.5.7.2 Argentina Massage Tables Market
11.5.7.2.1 Argentina Massage Tables Market by Type
11.5.7.2.2 Argentina Massage Tables Market by Material Type
11.5.7.2.3 Argentina Massage Tables Market by Application
11.5.7.2.4 Argentina Massage Tables Market by Distribution Channel
11.5.7.3 Rest of South and Central America Massage Tables Market
11.5.7.3.1 Rest of South and Central America Massage Tables Market by Type
11.5.7.3.2 Rest of South and Central America Massage Tables Market by Material Type
11.5.7.3.3 Rest of South and Central America Massage Tables Market by Application
11.5.7.3.4 Rest of South and Central America Massage Tables Market by Distribution Channel
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. MASSAGE TABLES MARKET, KEY COMPANY PROFILES
13.1. GHARIENI GROUP
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. EARTHLITE, LLC.
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. SIERRA COMFORT
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. MASTER MASSAGE EQUIPMENTS
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. SALONITURE.
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. SKINACT
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. COSTWAY.COM, INC.
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. ATHLEGEN
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. CUSTOM CRAFTWORKS
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. TARSUS AB
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1.Gharieni Group
2.EarthLite, LLC.
3.Sierra Comfort
4.Master Massage Equipments
5.Saloniture.
6.SkinAct
7.Costway.com, Inc.
8.Athlegen
9.Custom Craftworks
10.Tarsus AB
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.