One Wheel Electric Scooter Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
MARKET SCOPE
The "Global One Wheel Electric Scooter 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 one wheel electric scooter market with detailed market segmentation by product type, speed limit, application, and geography. The report provides key statistics on the market status of the leading one wheel electric scooter market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on product type, the global one wheel electric scooter market is segmented into electric unicycle and electric one wheel hoverboard.
- On the basis of speed limit, the market is segmented into below 20 MPH, 20 - 30 MPH and more than 30 MPH.
- Based on application, the market is bifurcated into off-road activities and daily commute.
MARKET DYNAMICS
Drivers:
- Increasing traffic congestion in numerous metropolitan cities.
- Rising urbanization and increasing per capita disposable income to boost market growth of one wheel electric scooter.
Restraints:
- Unorganized retail sector in few developing countries of Asia Pacific region.
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 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 one wheel electric scooter 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 one wheel electric scooter market in these regions.
IMPACT OF COVID-19 ON ONE WHEEL ELECTRIC SCOOTER MARKET
The outbreak of the COVID-19 has severely impacted the automotive, transportation and other related industries adversely. The emergence of COVID-19 virus across the globe which led to lockdown scenarios has led to unprecedented series of border closures across the globe. This disruption of global supply chain has left an adverse impact on the automotive industry. This pandemic restricted movement of people from one place to another. Also considering job losses or salary cuts, purchasing capacity of the consumer was also reduced. Restrictions of limited workforce at production site also affected the market from supply side. All the mentioned factors have impacted the one wheel electric scooter market negatively.
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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 one wheel electric scooter 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 one wheel electric scooter market in these regions.
IMPACT OF COVID-19 ON ONE WHEEL ELECTRIC SCOOTER MARKET
The outbreak of the COVID-19 has severely impacted the automotive, transportation and other related industries adversely. The emergence of COVID-19 virus across the globe which led to lockdown scenarios has led to unprecedented series of border closures across the globe. This disruption of global supply chain has left an adverse impact on the automotive industry. This pandemic restricted movement of people from one place to another. Also considering job losses or salary cuts, purchasing capacity of the consumer was also reduced. Restrictions of limited workforce at production site also affected the market from supply side. All the mentioned factors have impacted the one wheel electric scooter market negatively.
MARKET PLAYERS
The report covers key developments in the one wheel electric scooter 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 one wheel electric scooter market are anticipated to lucrative growth opportunities in the future with the rising demand for one wheel electric scooter in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the one wheel electric scooter 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.
- Airwheel Holding Limited
- Dongguan Begode Intelligent Technology Co., Ltd.
- F-wheel
- INMOTION TECHNOLOGIES CO.,LTD.
- IPS Electric Unicycle Co., Limited
- King Song Intell Co., LTD
- Onewheel
- SEGWAY INC.
- SuperRide
- SWAGTRON
- 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 One Wheel Electric Scooter Market - By Product Type
1.3.2 One Wheel Electric Scooter Market - By Speed Limit
1.3.3 One Wheel Electric Scooter Market - By Application
1.3.4 One Wheel Electric Scooter Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ONE WHEEL ELECTRIC SCOOTER 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. ONE WHEEL ELECTRIC SCOOTER 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. ONE WHEEL ELECTRIC SCOOTER MARKET - GLOBAL MARKET ANALYSIS
6.1. ONE WHEEL ELECTRIC SCOOTER - GLOBAL MARKET OVERVIEW
6.2. ONE WHEEL ELECTRIC SCOOTER - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ONE WHEEL ELECTRIC SCOOTER MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. ELECTRIC UNICYCLE
7.3.1. Overview
7.3.2. Electric Unicycle Market Forecast and Analysis
7.4. ELECTRIC ONE WHEEL HOVERBOARD
7.4.1. Overview
7.4.2. Electric One wheel Hoverboard Market Forecast and Analysis
8. ONE WHEEL ELECTRIC SCOOTER MARKET - REVENUE AND FORECASTS TO 2028 - SPEED LIMIT
8.1. OVERVIEW
8.2. SPEED LIMIT MARKET FORECASTS AND ANALYSIS
8.3. BELOW 20 MPH
8.3.1. Overview
8.3.2. Below 20 MPH Market Forecast and Analysis
8.4. 20 - 30 MPH
8.4.1. Overview
8.4.2. 20 - 30 MPH Market Forecast and Analysis
8.5. MORE THAN 30 MPH
8.5.1. Overview
8.5.2. More Than 30 MPH Market Forecast and Analysis
9. ONE WHEEL ELECTRIC SCOOTER MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. OFF-ROAD ACTIVITIES
9.3.1. Overview
9.3.2. Off-road Activities Market Forecast and Analysis
9.4. DAILY COMMUTE
9.4.1. Overview
9.4.2. Daily Commute Market Forecast and Analysis
10. ONE WHEEL ELECTRIC SCOOTER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America One Wheel Electric Scooter Market Overview
10.1.2 North America One Wheel Electric Scooter Market Forecasts and Analysis
10.1.3 North America One Wheel Electric Scooter Market Forecasts and Analysis - By Product Type
10.1.4 North America One Wheel Electric Scooter Market Forecasts and Analysis - By Speed Limit
10.1.5 North America One Wheel Electric Scooter Market Forecasts and Analysis - By Application
10.1.6 North America One Wheel Electric Scooter Market Forecasts and Analysis - By Countries
10.1.6.1 United States One Wheel Electric Scooter Market
10.1.6.1.1 United States One Wheel Electric Scooter Market by Product Type
10.1.6.1.2 United States One Wheel Electric Scooter Market by Speed Limit
10.1.6.1.3 United States One Wheel Electric Scooter Market by Application
10.1.6.2 Canada One Wheel Electric Scooter Market
10.1.6.2.1 Canada One Wheel Electric Scooter Market by Product Type
10.1.6.2.2 Canada One Wheel Electric Scooter Market by Speed Limit
10.1.6.2.3 Canada One Wheel Electric Scooter Market by Application
10.1.6.3 Mexico One Wheel Electric Scooter Market
10.1.6.3.1 Mexico One Wheel Electric Scooter Market by Product Type
10.1.6.3.2 Mexico One Wheel Electric Scooter Market by Speed Limit
10.1.6.3.3 Mexico One Wheel Electric Scooter Market by Application
10.2. EUROPE
10.2.1 Europe One Wheel Electric Scooter Market Overview
10.2.2 Europe One Wheel Electric Scooter Market Forecasts and Analysis
10.2.3 Europe One Wheel Electric Scooter Market Forecasts and Analysis - By Product Type
10.2.4 Europe One Wheel Electric Scooter Market Forecasts and Analysis - By Speed Limit
10.2.5 Europe One Wheel Electric Scooter Market Forecasts and Analysis - By Application
10.2.6 Europe One Wheel Electric Scooter Market Forecasts and Analysis - By Countries
10.2.6.1 Germany One Wheel Electric Scooter Market
10.2.6.1.1 Germany One Wheel Electric Scooter Market by Product Type
10.2.6.1.2 Germany One Wheel Electric Scooter Market by Speed Limit
10.2.6.1.3 Germany One Wheel Electric Scooter Market by Application
10.2.6.2 France One Wheel Electric Scooter Market
10.2.6.2.1 France One Wheel Electric Scooter Market by Product Type
10.2.6.2.2 France One Wheel Electric Scooter Market by Speed Limit
10.2.6.2.3 France One Wheel Electric Scooter Market by Application
10.2.6.3 Italy One Wheel Electric Scooter Market
10.2.6.3.1 Italy One Wheel Electric Scooter Market by Product Type
10.2.6.3.2 Italy One Wheel Electric Scooter Market by Speed Limit
10.2.6.3.3 Italy One Wheel Electric Scooter Market by Application
10.2.6.4 United Kingdom One Wheel Electric Scooter Market
10.2.6.4.1 United Kingdom One Wheel Electric Scooter Market by Product Type
10.2.6.4.2 United Kingdom One Wheel Electric Scooter Market by Speed Limit
10.2.6.4.3 United Kingdom One Wheel Electric Scooter Market by Application
10.2.6.5 Russia One Wheel Electric Scooter Market
10.2.6.5.1 Russia One Wheel Electric Scooter Market by Product Type
10.2.6.5.2 Russia One Wheel Electric Scooter Market by Speed Limit
10.2.6.5.3 Russia One Wheel Electric Scooter Market by Application
10.2.6.6 Rest of Europe One Wheel Electric Scooter Market
10.2.6.6.1 Rest of Europe One Wheel Electric Scooter Market by Product Type
10.2.6.6.2 Rest of Europe One Wheel Electric Scooter Market by Speed Limit
10.2.6.6.3 Rest of Europe One Wheel Electric Scooter Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific One Wheel Electric Scooter Market Overview
10.3.2 Asia-Pacific One Wheel Electric Scooter Market Forecasts and Analysis
10.3.3 Asia-Pacific One Wheel Electric Scooter Market Forecasts and Analysis - By Product Type
10.3.4 Asia-Pacific One Wheel Electric Scooter Market Forecasts and Analysis - By Speed Limit
10.3.5 Asia-Pacific One Wheel Electric Scooter Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific One Wheel Electric Scooter Market Forecasts and Analysis - By Countries
10.3.6.1 Australia One Wheel Electric Scooter Market
10.3.6.1.1 Australia One Wheel Electric Scooter Market by Product Type
10.3.6.1.2 Australia One Wheel Electric Scooter Market by Speed Limit
10.3.6.1.3 Australia One Wheel Electric Scooter Market by Application
10.3.6.2 China One Wheel Electric Scooter Market
10.3.6.2.1 China One Wheel Electric Scooter Market by Product Type
10.3.6.2.2 China One Wheel Electric Scooter Market by Speed Limit
10.3.6.2.3 China One Wheel Electric Scooter Market by Application
10.3.6.3 India One Wheel Electric Scooter Market
10.3.6.3.1 India One Wheel Electric Scooter Market by Product Type
10.3.6.3.2 India One Wheel Electric Scooter Market by Speed Limit
10.3.6.3.3 India One Wheel Electric Scooter Market by Application
10.3.6.4 Japan One Wheel Electric Scooter Market
10.3.6.4.1 Japan One Wheel Electric Scooter Market by Product Type
10.3.6.4.2 Japan One Wheel Electric Scooter Market by Speed Limit
10.3.6.4.3 Japan One Wheel Electric Scooter Market by Application
10.3.6.5 South Korea One Wheel Electric Scooter Market
10.3.6.5.1 South Korea One Wheel Electric Scooter Market by Product Type
10.3.6.5.2 South Korea One Wheel Electric Scooter Market by Speed Limit
10.3.6.5.3 South Korea One Wheel Electric Scooter Market by Application
10.3.6.6 Rest of Asia-Pacific One Wheel Electric Scooter Market
10.3.6.6.1 Rest of Asia-Pacific One Wheel Electric Scooter Market by Product Type
10.3.6.6.2 Rest of Asia-Pacific One Wheel Electric Scooter Market by Speed Limit
10.3.6.6.3 Rest of Asia-Pacific One Wheel Electric Scooter Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa One Wheel Electric Scooter Market Overview
10.4.2 Middle East and Africa One Wheel Electric Scooter Market Forecasts and Analysis
10.4.3 Middle East and Africa One Wheel Electric Scooter Market Forecasts and Analysis - By Product Type
10.4.4 Middle East and Africa One Wheel Electric Scooter Market Forecasts and Analysis - By Speed Limit
10.4.5 Middle East and Africa One Wheel Electric Scooter Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa One Wheel Electric Scooter Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa One Wheel Electric Scooter Market
10.4.6.1.1 South Africa One Wheel Electric Scooter Market by Product Type
10.4.6.1.2 South Africa One Wheel Electric Scooter Market by Speed Limit
10.4.6.1.3 South Africa One Wheel Electric Scooter Market by Application
10.4.6.2 Saudi Arabia One Wheel Electric Scooter Market
10.4.6.2.1 Saudi Arabia One Wheel Electric Scooter Market by Product Type
10.4.6.2.2 Saudi Arabia One Wheel Electric Scooter Market by Speed Limit
10.4.6.2.3 Saudi Arabia One Wheel Electric Scooter Market by Application
10.4.6.3 U.A.E One Wheel Electric Scooter Market
10.4.6.3.1 U.A.E One Wheel Electric Scooter Market by Product Type
10.4.6.3.2 U.A.E One Wheel Electric Scooter Market by Speed Limit
10.4.6.3.3 U.A.E One Wheel Electric Scooter Market by Application
10.4.6.4 Rest of Middle East and Africa One Wheel Electric Scooter Market
10.4.6.4.1 Rest of Middle East and Africa One Wheel Electric Scooter Market by Product Type
10.4.6.4.2 Rest of Middle East and Africa One Wheel Electric Scooter Market by Speed Limit
10.4.6.4.3 Rest of Middle East and Africa One Wheel Electric Scooter Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America One Wheel Electric Scooter Market Overview
10.5.2 South and Central America One Wheel Electric Scooter Market Forecasts and Analysis
10.5.3 South and Central America One Wheel Electric Scooter Market Forecasts and Analysis - By Product Type
10.5.4 South and Central America One Wheel Electric Scooter Market Forecasts and Analysis - By Speed Limit
10.5.5 South and Central America One Wheel Electric Scooter Market Forecasts and Analysis - By Application
10.5.6 South and Central America One Wheel Electric Scooter Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil One Wheel Electric Scooter Market
10.5.6.1.1 Brazil One Wheel Electric Scooter Market by Product Type
10.5.6.1.2 Brazil One Wheel Electric Scooter Market by Speed Limit
10.5.6.1.3 Brazil One Wheel Electric Scooter Market by Application
10.5.6.2 Argentina One Wheel Electric Scooter Market
10.5.6.2.1 Argentina One Wheel Electric Scooter Market by Product Type
10.5.6.2.2 Argentina One Wheel Electric Scooter Market by Speed Limit
10.5.6.2.3 Argentina One Wheel Electric Scooter Market by Application
10.5.6.3 Rest of South and Central America One Wheel Electric Scooter Market
10.5.6.3.1 Rest of South and Central America One Wheel Electric Scooter Market by Product Type
10.5.6.3.2 Rest of South and Central America One Wheel Electric Scooter Market by Speed Limit
10.5.6.3.3 Rest of South and Central America One Wheel Electric Scooter Market by Application
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. ONE WHEEL ELECTRIC SCOOTER MARKET, KEY COMPANY PROFILES
12.1. AIRWHEEL HOLDING LIMITED
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. DONGGUAN BEGODE INTELLIGENT TECHNOLOGY CO., LTD.
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. F-WHEEL
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. INMOTION TECHNOLOGIES CO.,LTD.
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. IPS ELECTRIC UNICYCLE CO., LIMITED
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. KING SONG INTELL CO., LTD
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. ONEWHEEL
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. SEGWAY INC.
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. SUPERRIDE
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. SWAGTRON
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.Airwheel Holding Limited
2.Dongguan Begode Intelligent Technology Co., Ltd.
3.F-wheel
4.INMOTION TECHNOLOGIES CO.,LTD.
5.IPS Electric Unicycle Co., Limited
6.King Song Intell Co., LTD
7.Onewheel
8.SEGWAY INC.
9.SuperRide
10.SWAGTRON
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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