Mobility Sharing Market Strategies, Trends, and Forecast by 2031
The Mobility Sharing Market is expected to register a CAGR of 14.7% 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 (Ride sharing, Vehicle Rental); Vehicle Type (Passenger Cars, Light Commercial Vehicle (LCV), Buses and Coaches, Micro mobility); Business Model (P2P, B2B, B2C). 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 Mobility Sharing 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.
Mobility Sharing Market Segmentation
Type- Ride sharing
- Vehicle Rental
- Passenger Cars
- Light Commercial Vehicle
- Buses and Coaches
- Micro mobility
- P2P
- B2B
- B2C
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Mobility Sharing Market Growth Drivers- Urbanization and Traffic Congestion Across the Globe: Urbanization has increased the level of traffic congestion in cities around the world. With the need for urban residents to have efficient ways of traveling, mobility sharing services like car-sharing, bike-sharing, and ride-hailing are becoming popular. Mobility sharing services offer convenient alternatives to owning a vehicle and reduce congestion and improve mobility in urban areas.
- Cost Savings and Affordability Mobility Sharing Services: Due to the increasing cost of owning a vehicle, such as maintenance and insurance, plus parking, customers are now preferring mobility sharing services. The shared services offer people affordable access to transportation without ownership burdens, thus attracting price-sensitive customers.
- Sustainability and Environmental Concerns Associated in Transportation: The most significant drivers for the mobility sharing market are awareness of the environment and the need for a sustainable mode of transportation. Consumers increasingly are looking at green alternatives, and the sharing mobility service- especially the electric variant-can reduce carbon footprints and lower emissions, thereby complying with the needs of the consumers.
- Rise of Micro-Mobility Solutions in the World: There is an upsurge in micro-mobility solutions, including the e-scooters and the bike-sharing programs. They seem to target short-distance travel necessities and are becoming popular in all urban centers. With their quest for flexible and convenient forms of transportation for shorter trips, micro-mobility is changing the urban transport equations.
- Increase in Demand for Electric and Autonomous Vehicles: Electric and autonomous cars are bound to gain the most market share in the sharing space. Shared mobility service companies are investing heavily in the development of electric car fleets. Another innovation that will revolutionize the next wave of industry operations will be the self-driving car because it will be assumed to lower costs while increasing operational efficiency.
- Integration of Mobility Sharing with Public Transportation: This is a huge opportunity in terms of integrating mobility sharing services into public transportation systems. As shared mobility providers partner with public transit agencies, the partnerships can create seamless experiences for users, enhance the convenience of travel, and further expand the customer base for both services. It helps build a more integrated and efficient urban mobility system.
- Technological Innovations in Mobility Sharing: The ongoing technological developments of mobile applications, IoT, and artificial intelligence can open avenues for better user experience in the mobility sharing market. Companies can optimize their fleet management, improve safety features, and offer personalized services. This will attract more users and drive the market's growth.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Mobility Sharing 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 Mobility Sharing 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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- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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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 Mobility Sharing Market is estimated to witness a CAGR of 14.7% from 2023 to 2031
The major factors driving the Mobility Sharing Market are: Urbanization and Traffic Congestion#Rising Fuel Costs and Environmental Concerns
Trend Toward Multimodal Solutions for Transportation is the key future trend of the Mobility Sharing Market
The leading players operating in the Mobility Sharing Market include ANI Technologies Pvt Ltd, BlaBlaCar, Carma Technology Corporation, DiDi Beijing Xiaoju Technology Co Ltd, Gett Inc, GrabLyft Inc, Car2Go, and Uber Technologies Inc
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
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
1.3.1 Mobility Sharing Market - By Type
1.3.2 Mobility Sharing Market - By Vehicle Type
1.3.3 Mobility Sharing Market - By Business Model
1.3.4 Mobility Sharing Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MOBILITY SHARING MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. MOBILITY SHARING 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. MOBILITY SHARING MARKET - GLOBAL MARKET ANALYSIS
6.1. MOBILITY SHARING - GLOBAL MARKET OVERVIEW
6.2. MOBILITY SHARING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. MOBILITY SHARING MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. RIDE SHARING
7.3.1. Overview
7.3.2. Ride sharing Market Forecast and Analysis
7.4. VEHICLE RENTAL
7.4.1. Overview
7.4.2. Vehicle Rental Market Forecast and Analysis
8. MOBILITY SHARING MARKET - REVENUE AND FORECASTS TO 2028 - VEHICLE TYPE
8.1. OVERVIEW
8.2. VEHICLE TYPE MARKET FORECASTS AND ANALYSIS
8.3. PASSENGER CARS
8.3.1. Overview
8.3.2. Passenger Cars Market Forecast and Analysis
8.4. LIGHT COMMERCIAL VEHICLE (LCV)
8.4.1. Overview
8.4.2. Light Commercial Vehicle (LCV) Market Forecast and Analysis
8.5. BUSES AND COACHES
8.5.1. Overview
8.5.2. Buses and Coaches Market Forecast and Analysis
8.6. MICRO MOBILITY
8.6.1. Overview
8.6.2. Micro mobility Market Forecast and Analysis
9. MOBILITY SHARING MARKET - REVENUE AND FORECASTS TO 2028 - BUSINESS MODEL
9.1. OVERVIEW
9.2. BUSINESS MODEL MARKET FORECASTS AND ANALYSIS
9.3. P2P
9.3.1. Overview
9.3.2. P2P Market Forecast and Analysis
9.4. B2B
9.4.1. Overview
9.4.2. B2B Market Forecast and Analysis
9.5. B2C
9.5.1. Overview
9.5.2. B2C Market Forecast and Analysis
10. MOBILITY SHARING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Mobility Sharing Market Overview
10.1.2 North America Mobility Sharing Market Forecasts and Analysis
10.1.3 North America Mobility Sharing Market Forecasts and Analysis - By Type
10.1.4 North America Mobility Sharing Market Forecasts and Analysis - By Vehicle Type
10.1.5 North America Mobility Sharing Market Forecasts and Analysis - By Business Model
10.1.6 North America Mobility Sharing Market Forecasts and Analysis - By Countries
10.1.6.1 United States Mobility Sharing Market
10.1.6.1.1 United States Mobility Sharing Market by Type
10.1.6.1.2 United States Mobility Sharing Market by Vehicle Type
10.1.6.1.3 United States Mobility Sharing Market by Business Model
10.1.6.2 Canada Mobility Sharing Market
10.1.6.2.1 Canada Mobility Sharing Market by Type
10.1.6.2.2 Canada Mobility Sharing Market by Vehicle Type
10.1.6.2.3 Canada Mobility Sharing Market by Business Model
10.1.6.3 Mexico Mobility Sharing Market
10.1.6.3.1 Mexico Mobility Sharing Market by Type
10.1.6.3.2 Mexico Mobility Sharing Market by Vehicle Type
10.1.6.3.3 Mexico Mobility Sharing Market by Business Model
10.2. EUROPE
10.2.1 Europe Mobility Sharing Market Overview
10.2.2 Europe Mobility Sharing Market Forecasts and Analysis
10.2.3 Europe Mobility Sharing Market Forecasts and Analysis - By Type
10.2.4 Europe Mobility Sharing Market Forecasts and Analysis - By Vehicle Type
10.2.5 Europe Mobility Sharing Market Forecasts and Analysis - By Business Model
10.2.6 Europe Mobility Sharing Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Mobility Sharing Market
10.2.6.1.1 Germany Mobility Sharing Market by Type
10.2.6.1.2 Germany Mobility Sharing Market by Vehicle Type
10.2.6.1.3 Germany Mobility Sharing Market by Business Model
10.2.6.2 France Mobility Sharing Market
10.2.6.2.1 France Mobility Sharing Market by Type
10.2.6.2.2 France Mobility Sharing Market by Vehicle Type
10.2.6.2.3 France Mobility Sharing Market by Business Model
10.2.6.3 Italy Mobility Sharing Market
10.2.6.3.1 Italy Mobility Sharing Market by Type
10.2.6.3.2 Italy Mobility Sharing Market by Vehicle Type
10.2.6.3.3 Italy Mobility Sharing Market by Business Model
10.2.6.4 United Kingdom Mobility Sharing Market
10.2.6.4.1 United Kingdom Mobility Sharing Market by Type
10.2.6.4.2 United Kingdom Mobility Sharing Market by Vehicle Type
10.2.6.4.3 United Kingdom Mobility Sharing Market by Business Model
10.2.6.5 Russia Mobility Sharing Market
10.2.6.5.1 Russia Mobility Sharing Market by Type
10.2.6.5.2 Russia Mobility Sharing Market by Vehicle Type
10.2.6.5.3 Russia Mobility Sharing Market by Business Model
10.2.6.6 Rest of Europe Mobility Sharing Market
10.2.6.6.1 Rest of Europe Mobility Sharing Market by Type
10.2.6.6.2 Rest of Europe Mobility Sharing Market by Vehicle Type
10.2.6.6.3 Rest of Europe Mobility Sharing Market by Business Model
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Mobility Sharing Market Overview
10.3.2 Asia-Pacific Mobility Sharing Market Forecasts and Analysis
10.3.3 Asia-Pacific Mobility Sharing Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Mobility Sharing Market Forecasts and Analysis - By Vehicle Type
10.3.5 Asia-Pacific Mobility Sharing Market Forecasts and Analysis - By Business Model
10.3.6 Asia-Pacific Mobility Sharing Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Mobility Sharing Market
10.3.6.1.1 Australia Mobility Sharing Market by Type
10.3.6.1.2 Australia Mobility Sharing Market by Vehicle Type
10.3.6.1.3 Australia Mobility Sharing Market by Business Model
10.3.6.2 China Mobility Sharing Market
10.3.6.2.1 China Mobility Sharing Market by Type
10.3.6.2.2 China Mobility Sharing Market by Vehicle Type
10.3.6.2.3 China Mobility Sharing Market by Business Model
10.3.6.3 India Mobility Sharing Market
10.3.6.3.1 India Mobility Sharing Market by Type
10.3.6.3.2 India Mobility Sharing Market by Vehicle Type
10.3.6.3.3 India Mobility Sharing Market by Business Model
10.3.6.4 Japan Mobility Sharing Market
10.3.6.4.1 Japan Mobility Sharing Market by Type
10.3.6.4.2 Japan Mobility Sharing Market by Vehicle Type
10.3.6.4.3 Japan Mobility Sharing Market by Business Model
10.3.6.5 South Korea Mobility Sharing Market
10.3.6.5.1 South Korea Mobility Sharing Market by Type
10.3.6.5.2 South Korea Mobility Sharing Market by Vehicle Type
10.3.6.5.3 South Korea Mobility Sharing Market by Business Model
10.3.6.6 Rest of Asia-Pacific Mobility Sharing Market
10.3.6.6.1 Rest of Asia-Pacific Mobility Sharing Market by Type
10.3.6.6.2 Rest of Asia-Pacific Mobility Sharing Market by Vehicle Type
10.3.6.6.3 Rest of Asia-Pacific Mobility Sharing Market by Business Model
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Mobility Sharing Market Overview
10.4.2 Middle East and Africa Mobility Sharing Market Forecasts and Analysis
10.4.3 Middle East and Africa Mobility Sharing Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Mobility Sharing Market Forecasts and Analysis - By Vehicle Type
10.4.5 Middle East and Africa Mobility Sharing Market Forecasts and Analysis - By Business Model
10.4.6 Middle East and Africa Mobility Sharing Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Mobility Sharing Market
10.4.6.1.1 South Africa Mobility Sharing Market by Type
10.4.6.1.2 South Africa Mobility Sharing Market by Vehicle Type
10.4.6.1.3 South Africa Mobility Sharing Market by Business Model
10.4.6.2 Saudi Arabia Mobility Sharing Market
10.4.6.2.1 Saudi Arabia Mobility Sharing Market by Type
10.4.6.2.2 Saudi Arabia Mobility Sharing Market by Vehicle Type
10.4.6.2.3 Saudi Arabia Mobility Sharing Market by Business Model
10.4.6.3 U.A.E Mobility Sharing Market
10.4.6.3.1 U.A.E Mobility Sharing Market by Type
10.4.6.3.2 U.A.E Mobility Sharing Market by Vehicle Type
10.4.6.3.3 U.A.E Mobility Sharing Market by Business Model
10.4.6.4 Rest of Middle East and Africa Mobility Sharing Market
10.4.6.4.1 Rest of Middle East and Africa Mobility Sharing Market by Type
10.4.6.4.2 Rest of Middle East and Africa Mobility Sharing Market by Vehicle Type
10.4.6.4.3 Rest of Middle East and Africa Mobility Sharing Market by Business Model
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Mobility Sharing Market Overview
10.5.2 South and Central America Mobility Sharing Market Forecasts and Analysis
10.5.3 South and Central America Mobility Sharing Market Forecasts and Analysis - By Type
10.5.4 South and Central America Mobility Sharing Market Forecasts and Analysis - By Vehicle Type
10.5.5 South and Central America Mobility Sharing Market Forecasts and Analysis - By Business Model
10.5.6 South and Central America Mobility Sharing Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Mobility Sharing Market
10.5.6.1.1 Brazil Mobility Sharing Market by Type
10.5.6.1.2 Brazil Mobility Sharing Market by Vehicle Type
10.5.6.1.3 Brazil Mobility Sharing Market by Business Model
10.5.6.2 Argentina Mobility Sharing Market
10.5.6.2.1 Argentina Mobility Sharing Market by Type
10.5.6.2.2 Argentina Mobility Sharing Market by Vehicle Type
10.5.6.2.3 Argentina Mobility Sharing Market by Business Model
10.5.6.3 Rest of South and Central America Mobility Sharing Market
10.5.6.3.1 Rest of South and Central America Mobility Sharing Market by Type
10.5.6.3.2 Rest of South and Central America Mobility Sharing Market by Vehicle Type
10.5.6.3.3 Rest of South and Central America Mobility Sharing Market by Business Model
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. MOBILITY SHARING MARKET, KEY COMPANY PROFILES
12.1. ANI TECHNOLOGIES PVT. LTD.
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. AVIS BUDGET GROUP, 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. BLABLACAR
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. EUROPCAR
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. GETT
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. LYFT, INC.
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. OMOOVE S.R.L.
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. TAXIFY O
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. THE HERTZ CORPORATION
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. UBER TECHNOLOGIES INC.
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
1. ANI Technologies Pvt. Ltd.
2. Avis Budget Group, Inc.
3. BlaBlaCar
4. Europcar
5. Gett
6. Lyft, Inc.
7. Omoove s.r.l.
8. Taxify O
9. The Hertz Corporation
10. Uber Technologies Inc.
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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