Modular Trailer Market Updates by 2031
Modular trailer is a kind of special vehicle that is utilized for carrying large number of cargos which are not easy to disassemble along with transportation of length goods. Considering their specific features, they are widely used in mining, iron and steel industry, construction industry, and power stations. They are also popular for carrying heavy loads over long distances. Modular trailer market is estimated to growth significantly during the forecast period.
MARKET SCOPE
The "Global Modular Trailer Market Analysis to 2031" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the modular trailer market with detailed market segmentation by type, axle, industry vertical, and geography. The report provides key statistics on the market status of the leading modular trailer market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global modular trailer market is segmented into multi-axle, telescopic/extendable and lowbed/lowboy.
- On the basis of axle, the market is segmented into 2 axle and more than 2 axle.
- Based on industry vertical, the market is bifurcated into construction, mining, energy and power, chemical and others.
MARKET DYNAMICS
Drivers
- Growing mining and construction industries across the globe.
- Rising urbanization and increasing per capita disposable income to boost market growth of modular trailer.
Restraints
- Scarcity of qualified and skilled drivers.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global 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), the Middle East and Africa (MEA), and South America. The modular trailer 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 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 modular trailer market in these regions.
IMPACT OF COVID-19 ON MODULAR TRAILER MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. This pandemic resulted in layoff and salary deduction of many employees all over the world. All these has reduced the purchasing power of the consumer, thus affecting the demand for various goods. However, once the situation gets back to normal, this marked is predicted boost considerably all over the world.
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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
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global 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), the Middle East and Africa (MEA), and South America. The modular trailer 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 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 modular trailer market in these regions.
IMPACT OF COVID-19 ON MODULAR TRAILER MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. This pandemic resulted in layoff and salary deduction of many employees all over the world. All these has reduced the purchasing power of the consumer, thus affecting the demand for various goods. However, once the situation gets back to normal, this marked is predicted boost considerably all over the world.
MARKET PLAYERS
The report covers key developments in the modular trailer 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 payers from modular trailer market are anticipated to lucrative growth opportunities in the future with the rising demand for modular trailer in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the modular trailer 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.
- ANSTER
- DEMARKO Special Trailers
- DOLL Fahrzeugbau GmbH
- Fagioli S.p.A
- Faymonville Group
- GOLDHOFER
- K-Line Trailers Ltd.
- Nooteboom Trailers
- TII Group
- VMT Industries Pvt. Ltd.
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
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
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Modular Trailer Market - By Type
1.3.2 Modular Trailer Market - By Axle
1.3.3 Modular Trailer Market - By Industry Vertical
1.3.4 Modular Trailer Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MODULAR TRAILER 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. MODULAR TRAILER 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. MODULAR TRAILER MARKET - GLOBAL MARKET ANALYSIS
6.1. MODULAR TRAILER - GLOBAL MARKET OVERVIEW
6.2. MODULAR TRAILER - GLOBAL MARKET AND FORECAST TO 2027
6.3. MARKET POSITIONING/MARKET SHARE
7. MODULAR TRAILER MARKET - REVENUE AND FORECASTS TO 2027 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. MULTI-AXLE
7.3.1. Overview
7.3.2. Multi-Axle Market Forecast and Analysis
7.4. TELESCOPIC/EXTENDABLE
7.4.1. Overview
7.4.2. Telescopic/Extendable Market Forecast and Analysis
7.5. LOWBED/LOWBOY
7.5.1. Overview
7.5.2. Lowbed/Lowboy Market Forecast and Analysis
8. MODULAR TRAILER MARKET - REVENUE AND FORECASTS TO 2027 - AXLE
8.1. OVERVIEW
8.2. AXLE MARKET FORECASTS AND ANALYSIS
8.3. 2 AXLE
8.3.1. Overview
8.3.2. 2 Axle Market Forecast and Analysis
8.4. MORE THAN 2 AXLE
8.4.1. Overview
8.4.2. More than 2 Axle Market Forecast and Analysis
9. MODULAR TRAILER MARKET - REVENUE AND FORECASTS TO 2027 - INDUSTRY VERTICAL
9.1. OVERVIEW
9.2. INDUSTRY VERTICAL MARKET FORECASTS AND ANALYSIS
9.3. CONSTRUCTION
9.3.1. Overview
9.3.2. Construction Market Forecast and Analysis
9.4. MINING
9.4.1. Overview
9.4.2. Mining Market Forecast and Analysis
9.5. ENERGY AND POWER
9.5.1. Overview
9.5.2. Energy and Power Market Forecast and Analysis
9.6. CHEMICAL
9.6.1. Overview
9.6.2. Chemical Market Forecast and Analysis
9.7. OTHERS
9.7.1. Overview
9.7.2. Others Market Forecast and Analysis
10. MODULAR TRAILER MARKET REVENUE AND FORECASTS TO 2027 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Modular Trailer Market Overview
10.1.2 North America Modular Trailer Market Forecasts and Analysis
10.1.3 North America Modular Trailer Market Forecasts and Analysis - By Type
10.1.4 North America Modular Trailer Market Forecasts and Analysis - By Axle
10.1.5 North America Modular Trailer Market Forecasts and Analysis - By Industry Vertical
10.1.6 North America Modular Trailer Market Forecasts and Analysis - By Countries
10.1.6.1 United States Modular Trailer Market
10.1.6.1.1 United States Modular Trailer Market by Type
10.1.6.1.2 United States Modular Trailer Market by Axle
10.1.6.1.3 United States Modular Trailer Market by Industry Vertical
10.1.6.2 Canada Modular Trailer Market
10.1.6.2.1 Canada Modular Trailer Market by Type
10.1.6.2.2 Canada Modular Trailer Market by Axle
10.1.6.2.3 Canada Modular Trailer Market by Industry Vertical
10.1.6.3 Mexico Modular Trailer Market
10.1.6.3.1 Mexico Modular Trailer Market by Type
10.1.6.3.2 Mexico Modular Trailer Market by Axle
10.1.6.3.3 Mexico Modular Trailer Market by Industry Vertical
10.2. EUROPE
10.2.1 Europe Modular Trailer Market Overview
10.2.2 Europe Modular Trailer Market Forecasts and Analysis
10.2.3 Europe Modular Trailer Market Forecasts and Analysis - By Type
10.2.4 Europe Modular Trailer Market Forecasts and Analysis - By Axle
10.2.5 Europe Modular Trailer Market Forecasts and Analysis - By Industry Vertical
10.2.6 Europe Modular Trailer Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Modular Trailer Market
10.2.6.1.1 Germany Modular Trailer Market by Type
10.2.6.1.2 Germany Modular Trailer Market by Axle
10.2.6.1.3 Germany Modular Trailer Market by Industry Vertical
10.2.6.2 France Modular Trailer Market
10.2.6.2.1 France Modular Trailer Market by Type
10.2.6.2.2 France Modular Trailer Market by Axle
10.2.6.2.3 France Modular Trailer Market by Industry Vertical
10.2.6.3 Italy Modular Trailer Market
10.2.6.3.1 Italy Modular Trailer Market by Type
10.2.6.3.2 Italy Modular Trailer Market by Axle
10.2.6.3.3 Italy Modular Trailer Market by Industry Vertical
10.2.6.4 United Kingdom Modular Trailer Market
10.2.6.4.1 United Kingdom Modular Trailer Market by Type
10.2.6.4.2 United Kingdom Modular Trailer Market by Axle
10.2.6.4.3 United Kingdom Modular Trailer Market by Industry Vertical
10.2.6.5 Russia Modular Trailer Market
10.2.6.5.1 Russia Modular Trailer Market by Type
10.2.6.5.2 Russia Modular Trailer Market by Axle
10.2.6.5.3 Russia Modular Trailer Market by Industry Vertical
10.2.6.6 Rest of Europe Modular Trailer Market
10.2.6.6.1 Rest of Europe Modular Trailer Market by Type
10.2.6.6.2 Rest of Europe Modular Trailer Market by Axle
10.2.6.6.3 Rest of Europe Modular Trailer Market by Industry Vertical
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Modular Trailer Market Overview
10.3.2 Asia-Pacific Modular Trailer Market Forecasts and Analysis
10.3.3 Asia-Pacific Modular Trailer Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Modular Trailer Market Forecasts and Analysis - By Axle
10.3.5 Asia-Pacific Modular Trailer Market Forecasts and Analysis - By Industry Vertical
10.3.6 Asia-Pacific Modular Trailer Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Modular Trailer Market
10.3.6.1.1 Australia Modular Trailer Market by Type
10.3.6.1.2 Australia Modular Trailer Market by Axle
10.3.6.1.3 Australia Modular Trailer Market by Industry Vertical
10.3.6.2 China Modular Trailer Market
10.3.6.2.1 China Modular Trailer Market by Type
10.3.6.2.2 China Modular Trailer Market by Axle
10.3.6.2.3 China Modular Trailer Market by Industry Vertical
10.3.6.3 India Modular Trailer Market
10.3.6.3.1 India Modular Trailer Market by Type
10.3.6.3.2 India Modular Trailer Market by Axle
10.3.6.3.3 India Modular Trailer Market by Industry Vertical
10.3.6.4 Japan Modular Trailer Market
10.3.6.4.1 Japan Modular Trailer Market by Type
10.3.6.4.2 Japan Modular Trailer Market by Axle
10.3.6.4.3 Japan Modular Trailer Market by Industry Vertical
10.3.6.5 South Korea Modular Trailer Market
10.3.6.5.1 South Korea Modular Trailer Market by Type
10.3.6.5.2 South Korea Modular Trailer Market by Axle
10.3.6.5.3 South Korea Modular Trailer Market by Industry Vertical
10.3.6.6 Rest of Asia-Pacific Modular Trailer Market
10.3.6.6.1 Rest of Asia-Pacific Modular Trailer Market by Type
10.3.6.6.2 Rest of Asia-Pacific Modular Trailer Market by Axle
10.3.6.6.3 Rest of Asia-Pacific Modular Trailer Market by Industry Vertical
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Modular Trailer Market Overview
10.4.2 Middle East and Africa Modular Trailer Market Forecasts and Analysis
10.4.3 Middle East and Africa Modular Trailer Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Modular Trailer Market Forecasts and Analysis - By Axle
10.4.5 Middle East and Africa Modular Trailer Market Forecasts and Analysis - By Industry Vertical
10.4.6 Middle East and Africa Modular Trailer Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Modular Trailer Market
10.4.6.1.1 South Africa Modular Trailer Market by Type
10.4.6.1.2 South Africa Modular Trailer Market by Axle
10.4.6.1.3 South Africa Modular Trailer Market by Industry Vertical
10.4.6.2 Saudi Arabia Modular Trailer Market
10.4.6.2.1 Saudi Arabia Modular Trailer Market by Type
10.4.6.2.2 Saudi Arabia Modular Trailer Market by Axle
10.4.6.2.3 Saudi Arabia Modular Trailer Market by Industry Vertical
10.4.6.3 U.A.E Modular Trailer Market
10.4.6.3.1 U.A.E Modular Trailer Market by Type
10.4.6.3.2 U.A.E Modular Trailer Market by Axle
10.4.6.3.3 U.A.E Modular Trailer Market by Industry Vertical
10.4.6.4 Rest of Middle East and Africa Modular Trailer Market
10.4.6.4.1 Rest of Middle East and Africa Modular Trailer Market by Type
10.4.6.4.2 Rest of Middle East and Africa Modular Trailer Market by Axle
10.4.6.4.3 Rest of Middle East and Africa Modular Trailer Market by Industry Vertical
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Modular Trailer Market Overview
10.5.2 South and Central America Modular Trailer Market Forecasts and Analysis
10.5.3 South and Central America Modular Trailer Market Forecasts and Analysis - By Type
10.5.4 South and Central America Modular Trailer Market Forecasts and Analysis - By Axle
10.5.5 South and Central America Modular Trailer Market Forecasts and Analysis - By Industry Vertical
10.5.6 South and Central America Modular Trailer Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Modular Trailer Market
10.5.6.1.1 Brazil Modular Trailer Market by Type
10.5.6.1.2 Brazil Modular Trailer Market by Axle
10.5.6.1.3 Brazil Modular Trailer Market by Industry Vertical
10.5.6.2 Argentina Modular Trailer Market
10.5.6.2.1 Argentina Modular Trailer Market by Type
10.5.6.2.2 Argentina Modular Trailer Market by Axle
10.5.6.2.3 Argentina Modular Trailer Market by Industry Vertical
10.5.6.3 Rest of South and Central America Modular Trailer Market
10.5.6.3.1 Rest of South and Central America Modular Trailer Market by Type
10.5.6.3.2 Rest of South and Central America Modular Trailer Market by Axle
10.5.6.3.3 Rest of South and Central America Modular Trailer Market by Industry Vertical
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. MODULAR TRAILER MARKET, KEY COMPANY PROFILES
12.1. ANSTER
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. DEMARKO SPECIAL TRAILERS
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. DOLL FAHRZEUGBAU GMBH
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. FAGIOLI S.P.A
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. FAYMONVILLE GROUP
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. GOLDHOFER
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. K-LINE TRAILERS LTD.
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. NOOTEBOOM TRAILERS
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. TII GROUP
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. VMT INDUSTRIES PVT. LTD.
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. ANSTER
2. DEMARKO Special Trailers
3. DOLL Fahrzeugbau GmbH
4. Fagioli S.p.A
5. Faymonville Group
6. GOLDHOFER
7. K-Line Trailers Ltd.
8. Nooteboom Trailers
9. TII Group
10. VMT Industries Pvt. Ltd.
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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