Plywood Market Drivers, Opportunities, Trends, and Forecasts by 2031

Coverage: Plywood Market covers analysis By Wood Type (Softwood, Hardwood); Application (Furniture, Flooring and Construction, Automotive Interior, Packaging, Marine, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00018426
  • Category : Chemicals and Materials
  • No. of Pages : 150
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Plywood Market Strategies, Trends, and Forecast by 2031

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The Plywood Market is expected to register a CAGR of 6.3% 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 (softwood and hardwood). The report is further segmented by application (furniture, roofing and flooring, interior cladding, DIY projects, and others). The report is segmented by end-use (residential, commercial and institutional, industrial and infrastructural, marine, packaging and transportation, and others). The report scope covers five regions: North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America and key countries under each region. The global analysis is further broken down at the regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.

Purpose of the Report

The report Plywood 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.

Plywood Market Segmentation

Type
  • Softwood and Hardwood
Application
  • Furniture
  • Roofing and Flooring
  • Interior Cladding
  • DIY Projects
End-Use
  • Residential
  • Commercial and Institutional
  • Industrial and Infrastructural
  • Marine
  • Packaging and Transportation
Geography
  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa
Geography
  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Strategic Insights

Plywood Market Growth Drivers
  • Growth in Construction and Infrastructure: Major drivers for the plywood market are large-scale growth in construction and infrastructures globally, especially from emerging economies. Plywood is highly used in construction both as a floor, roof and wall paneling and in creating scaffolding and furniture. Continued urbanization in China, India, and Brazil increased residential, commercial, and infrastructure project demands directly increased through the demand for plywood. Another reason why plywood has grown in popularity in construction is due to the inclination toward more environmentally friendly, cheaper, and lighter building materials.
  • Sustainability and Environmental Considerations: Plywood is finding an increasing place in construction because it meets this demand. There's an interest nowadays to focus more on environmental sustainability, such that renewed and friendly-eco construction materials become the preference. Plywood, along with its sustainable sources from certified forests, like FSC plywood, goes along with these goals. Plywood is relatively more sustainable than a number of other materials due to lesser carbon footprints, recyclability, and the origins of natural wood. This surge in the demand for sustainable construction and green buildings is driving demand for plywood, particularly in markets that are highly regulated toward the environment, such as Europe and North America. Plywood is a versatile product widely used by the furniture and interior design industries for residential and commercial applications.
  • Rising Demand in Furniture and Interior Design: The rising middle-class population of Asia-Pacific drives demand for plywood-based low-cost yet durable furniture. Increasing demand for customized modular space-saving furniture further fuels demand for plywood. Plywood is easy to work with, cost-effective, and aesthetically appealing. Modern interior design and perceptions of flooring, paneling, and cabinetry support the trend toward the growing demand for plywood.
Plywood Market Future Trends
  • Demand for High-Grade and Engineered Plywood: Increasingly, there is demand for high-grade and extremely durable and engineered plywood. Advanced products such as cross-laminated timber and laminated veneer lumber have been preferred to have higher strength and stability along with resistance to fire. These advanced plywood products are increasingly applied to larger commercial projects such as high-rise buildings and bridges. This trend is part of the general trends toward innovation in construction materials where efficiency and effectiveness are appropriately given preference to new standards of building performance and sustainability.
  • Technological Innovations in Plywood Production: Technological innovations in production in the plywood industry have been associated with several innovations in techniques to improve efficiency, reduce waste, and enhance product quality. It also enables the manufacturer to produce better-quality plywood with more uniform thickness and strength and a surface finish that is satisfactory in most applications. Such production further brings with it reduced environmental impact due to lower levels of waste and increased energy efficiency in the production of plywood. In addition, technology supports the development of specific plywood products for particular requirements according to their intended purpose.
  • Rise in Decorative and Designer Plywood: There is a rising trend of decorative and designer plywood, mainly in furniture and interior designing. Plywood with some special grain patterns and colors along with different finishes holds a very high preference for beautiful interior design. Enhancing demand for premium finish plywood products, like veneered plywood, is anticipated due to the rising demand for custom-made high-end products. Also contributing to the trend is the fact that more and more are being applied within architectural and interior design applications through accent walls, ceilings, and flooring.
Plywood Market Opportunities
  • Rising Demand for Plywood in Developing Regions: The actual demand for plywood in developing regions like Asia-Pacific, Africa, and Latin America is expected to rise further because urbanization and industrialization are progressing fast. Ongoing construction process in infrastructure and residential houses prevails in these regions. Higher demand for plywood in furniture and consumer goods is also triggered by the growth of the middle class and rising disposable incomes in those regions. Companies that are better positioned for growth are those that will manage to build a stronghold in these newly emerging markets, offer competitive pricing, and allow their products to adjust according to the needs of the region.
  • Eco-Friendly Plywood and Sustainability: Another emerging market opportunity is eco-friendly plywood, with concerns over environmental aspects and regulations rising in those regions. Such an approach by plywood manufacturers will go a long way in meeting the demand for responsibly sourced ecological goods. The manufacturers can seek FSC or PEFC certification. This trend concerning practice supports overall globalization efforts to eradicate deforestation with eco-friendly construction. Over time, demand for green certifications and sustainable building practices based on sustenance will greatly increase ecologically friendly plywood solutions.
  • Innovative Construction Technologies Shaping the Plywood Market: Some of the latest emerging construction technologies that may alter the view of the current marketplace for plywood are modular construction, prefabricated buildings, and 3D printing. As light and versatile, plywood is the perfect material for modules and prefabricated buildings, which are getting popular with faster timelines in construction and lower construction costs. With the growing demand for off-site construction and pre-engineered building, the plywood manufacturer might enter partnerships and innovations to provide materials as a supply in association with the rapidly growing 'in-demand' methods of construction. More importantly, how the ability of plywood can apply 3D printing technology allows gates toward further customization and on-demand production in the near future.

Market Report Scope

Key Selling Points

  • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Plywood 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 Plywood 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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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

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to country scope.

Frequently Asked Questions


What is the expected CAGR of the Plywood Market?

The Plywood Market is estimated to witness a CAGR of 6.3% from 2023 to 2031

What are the driving factors impacting the plywood market?

The major factors driving the plywood market are:

1. Booming Construction and Infrastructure Sector.

2. Rising Demand for Sustainable Building Materials.

What are the key players operating in the plywood market?

Boise Cascade Co, Weyerhaeuser Co, UPM-Kymmene Oyj, SVEZA Co, Greenply Industries Ltd, Caledonian Plywood Co Ltd, Hefei Sinoply Wood Co Ltd, MADEIREIRA RIO CLARO LTDA, E. Vigolungo SpA, and SUNGCHANG ENTERPRISE HOLDINGS LTD

Which regions are covered in the report?

On the basis of geography, the plywood market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America

What are the deliverable formats of the plywood market?

The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.

What is the future trend for plywood market?

The rising popularity of decorative and designer plywood is expected to be the key market trend.

TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Plywood Market - By Wood Type
1.3.2 Plywood Market - By Application
1.3.3 Plywood Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. PLYWOOD 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. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS

5. PLYWOOD 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. PLYWOOD MARKET - GLOBAL MARKET ANALYSIS
6.1. PLYWOOD - GLOBAL MARKET OVERVIEW
6.2. PLYWOOD - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. PLYWOOD MARKET - REVENUE AND FORECASTS TO 2028 - WOOD TYPE
7.1. OVERVIEW
7.2. WOOD TYPE MARKET FORECASTS AND ANALYSIS
7.3. SOFTWOOD
7.3.1. Overview
7.3.2. Softwood Market Forecast and Analysis
7.4. HARDWOOD
7.4.1. Overview
7.4.2. Hardwood Market Forecast and Analysis
8. PLYWOOD MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. FURNITURE
8.3.1. Overview
8.3.2. Furniture Market Forecast and Analysis
8.4. FLOORING AND CONSTRUCTION
8.4.1. Overview
8.4.2. Flooring and Construction Market Forecast and Analysis
8.5. AUTOMOTIVE INTERIOR
8.5.1. Overview
8.5.2. Automotive Interior Market Forecast and Analysis
8.6. PACKAGING
8.6.1. Overview
8.6.2. Packaging Market Forecast and Analysis
8.7. MARINE
8.7.1. Overview
8.7.2. Marine Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis

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

10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

11. PLYWOOD MARKET, KEY COMPANY PROFILES
11.1. BOISE CASCADE
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CENTURYPLY
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. GEORGIA-PACIFIC
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. GREENPLY PLYWOOD
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. JAYA TIASA HOLDINGS BERHAD
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. SUBUR TIASA HOLDINGS BERHAD
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SVEZA-LES LLC
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. UNIPLY
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. UPM-KYMMENE CORPORATION
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. WEYERHAEUSER COMPANY
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments

12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS

The List of Companies

1.Boise Cascade
2.CenturyPly
3.Georgia-Pacific
4.Greenply Plywood
5.JAYA TIASA HOLDINGS BERHAD
6.SUBUR TIASA HOLDINGS BERHAD
7.Sveza-Les LLC
8.Uniply
9.UPM-Kymmene Corporation
10.Weyerhaeuser Company

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

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